Leigh Hays » buyers

The Numbers – June 2009

Leigh Hays — Thu, 30 Jul 2009 20:12:35 +0000

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!

Federal Energy Tax Credits

Leigh Hays — Mon, 18 May 2009 13:30:47 +0000

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 home 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

Georgia Income Tax Credits – $1800 For Buying a House

Leigh Hays — Wed, 13 May 2009 13:14:04 +0000

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.