buyers
The Numbers - June 2009
July 30, 2009 by heighlo · Leave a Comment
The FMLS has finally published the June 2009 numbers! And there is continued good news in the numbers. Across all of FMLS areas (36 total) average closed prices are continuing to head back up. We are seeing lower inventories and the large number of months supply of houses on the market is starting to moderate as inventories continue to decline. If this trend continues we can expect prices to continue to increase.
Below are the monthly charts for 5 in-town areas of the FMLS - just a portion of the 36 total areas in FMLS.
FOR CONDOS/TOWNHOMES:
| Area | # of Sales | Total Sales Volume | Avg Sale Price | Average Original List Price | Sales Price to Final List Price | Average Total Days on the Market |
| 21 | 72 | $ 21,803,417 | $ 302,825 | $ 435,664 | 74.1% | 146.2 |
| 23 | 75 | $ 14,983,000 | $ 199,773 | $ 218,380 | 96.0% | 107.6 |
| 24 | 5 | $ 868,900 | $ 173,780 | $ 188,560 | 96.2% | 49.6 |
| 52 | 46 | $ 7,643,805 | $ 166,170 | $ 186,434 | 94.4% | 120.1 |
| TOTALS | 198 | $ 45,299,122 |
HOUSES:
| Area | # of Sales | Total Sales Volume | Avg Sale Price | Average Original List Price | Sales Price to Final List Price | Average Total Days on the Market |
| 21 | 65 | $61,106,623 | $ 940,102 | $ ,138,312 | 87.8% | 115.5 |
| 23 | 40 | $19,032,273 | $ 475,807 | $ 550,100 | 94.7% | 132.5 |
| 24 | 63 | $14,952,700 | $ 237,344 | $ 262,342 | 96.2% | 91.8 |
| 31 | 119 | $5,230,423 | $ 43,953 | $ 57,414 | 92.8% | 79.6 |
| 32 | 73 | $8,631,929 | $ 118,246 | $ 135,225 | 95.6% | 79.8 |
| 52 | 160 | $35,186,598 | $ 219,916 | $ 247,542 | 93.7% | 90.2 |
| TOTALS | 520 | $144,140,546 |
Click here for FMLS Area - key codes.
In these in-town markets - the total sales volume for Condos/Town homes was $21,804,580 for May compared to June’s sales volume of $45,299,122. Sales volume of single family homes in these 5 areas jumped to $144,140,546 in sales volume compared to May’s sales volume of $99,337,550. Here are breakdowns of past months: May 2009, April 2009 & March 2009.
It is a great time to buy!
buyers
Federal Energy Tax Credits
May 18, 2009 by heighlo · Leave a Comment
Today’s post comes from my friends at Eric & Adam at KronbergWall . They are architects and fellow eco enthusiasts. They can help you with your ho
me designs and renovations.
The recently signed American Recovery and Reinvestment Act of 2009 makes federal energy efficiency tax credits available for your home renovations if you make them in 2009 and 2010.
Specific types of high efficiency furnaces, air conditioners, and tankless gas water heaters qualify. Certain energy efficient doors, windows, roofing, and insulation also qualify. You are eligible to receive a credit for these upgrades if they are installed in existing homes that are primary residences. The tax credit has been raised to 30% of cost up to a total credit of $1500.
There are even greater tax credit opportunities for solar water heaters, geothermal systems, and photovoltaic systems. You can receive a tax credit of up to 30% of the total cost of these systems, and it is not limited to the $1500 cap. In addition to existing primary residences, the credit is also available for vacation homes, rentals, and new construction.
Eric Kronberg, AIA, LEED AP
Adam Wall, AIA, LEED AP
buyers
Georgia Income Tax Credits - $1800 For Buying a House
May 13, 2009 by heighlo · Leave a Comment
Gov. Sonny Perdue signed on Monday Bill 261 into law. The law offers a tax credit of 1.2 percent of the purchase price of a single-family home currently on the market. The credit tops out at $1,800 and will be taken over three years. Georgia taxpayers have six months starting now to qualify for up to $1,800 in income tax credits by buying a home.
For first-time home buyers, the state credit would be in addition to a federal credit offered through the federal stimulus act. That credit is worth up to $8,000. The new state credit, however, applies to any home buyer, not just first-timers. Read more about the $8,000 federal tax here.
