Interview with Alpharetta City Councilman DC Aiken
Posted in: Alpharetta Real Estate, Local Information, Local Market ConditionsI had the opportunity to sit down with Alpharetta City Councilman DC Aiken and ask him about the city, how it is faring in the current economy, what projects are going on, what’s happining with Prospect Park and Westside Parkway and his take on the likleyhood of Milton County.
Part 1
Part 2
DC Aiken is an Alpharetta City Councilman and VP for SunTrust: www.suntrustmortgage.com/dcaiken
Bob Strader is a Realtor whose focus is merging technology and real estate. He specializes in helping buyers search for homes online and leveraging technology to maximize online exposure for home sellers. He is married and lives in Milton, GA with his wife and two daughters.
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The BIG Number
Posted in: The Big Number5
The number of new construction homes for sale, in all of North Fulton under $500k with a basement and 3-car garage.
On the last day of each month I’m posting a "Big Number" or interesting figure related to real estate in our area.
Bob Strader is a Realtor whose focus is merging technology and real estate. He specializes in helping buyers search for homes online and leveraging technology to maximize online exposure for home sellers. He is married and lives in Milton, GA with his wife and two daughters.
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Alpharetta Real Estate Market Stats: It’s local
Posted in: Alpharetta Real Estate, Johns Creek Real Estate, Local Market Conditions, Milton Real Estate, Roswell Real Estate, Schools
I just wanted to put a few numbers together to illustrate that we have to temper what we hear on the news about the housing market. Lately a lot of people have been pointing out to me that the number of homes sold for January 2o10 has gone down, unexpectedly, from units sold in December 2009. It’s true, January wasn’t as good a month in our industry as a lot of people had anticipated. However, just like other markets, we shouldn’t pay too close attention to gyrations that happen over a short period of time, but rather look at trends year-over-year.
The local part
In all of North Fulton (which includes Alpharetta, Milton, Johns Creek and Roswell), across all price ranges there were 202 homes sold in December 2009. That number a month later in January 2010 was 109 or 54% less than the previous month. But looking at the year-over-year figures, the number for January of this year was up 25% over the January 2009 figure of 87 sales.
It doesn’t mean we’ve arrived, but the gloom and doom on the national news isn’t necessarily the case either.
Bob Strader is a Realtor whose focus is merging technology and real estate. He specializes in helping buyers search for homes online and leveraging technology to maximize online exposure for home sellers. He is married and lives in Milton, GA with his wife and two daughters.
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Luxury Home Builders and Home Buyers in Alpharetta and Milton - The Chicken or the Egg?
Posted in: Alpharetta Real Estate, Foreclosures, Milton Real Estate, New Construction
I’ve written several posts in the past about builders who are buying up developed lots in Alpharetta, Milton and Cumming out of foreclosure and building homes in the lower price ranges. It makes perfect sense, with the tax credits and persistent demand for new construction among buyers. Home buyers almost always gravitate towards new construction, given the chance. In communities where homes may have sold in the mid $300’s in the past are selling in the $190’s - $210’s and comparable homes can be built in those price ranges because the builder has a lower cost of entry into the community and materials are cheaper now as well.
But what about those communities where homes were originally selling in the $800’s to well over $1 million? Construction stopped a long time ago, lots are in foreclosure, there may be an inventory of homes (that have been standing for quite a while); and home owners who may have purchased earlier on are way upside down. The list is long, but a few are The Manor Golf and Country Club , Valmont , Echelon , The Oaks at Crabapple , King Estates Manor , Blue Valley , and Kingsley Estates .
20 Months of Inventory
There are 195 homes on the market in all of North Fulton, listed from $800,000 to $1.5M, 119 in that price range sold last year. The demand for luxury homes has waned a bit, but not vanished. Credit is tighter and qualifying for a home in that price range is significantly more challenging but not impossible. The rub is when a home buyer looks at a community that has been frozen in time and asked, "is it safe for me to buy a home here? What will they be building down the road, and when?". Which brings me back to the main question posed in the title of this post, who will come back first, the Luxury Home Builder or Home Buyer?
What if a Builder started building homes in one of those stalled communities? Would you as a buyer feel comfortable purchasing one of those homes or are you going to look for something a little older but in an established community? For me, it would depend on a few factors. First and foremost, who is the builder? What price range are they building in now, compared to the existing inventory. And what is the product they are building? Are there covenants in place that will dictate size, exterior materials, etc.? What is the vision for the community and is that vision different than what was started? If it is, that’s not necessarily bad, but it should be considered.
As more builders buy foreclosed lots or decided to start selling homes on the lots they currently own (at lower price points) these questions will come up from buyers. It’s not a situation buyers need to stay away from necessarily, just proceed carefully and with good advice from a local advocate. Tell me what you think, I want to know.
Bob Strader is a Realtor whose focus is merging technology and real estate. He specializes in helping buyers search for homes online and leveraging technology to maximize online exposure for home sellers. He is married and lives in Milton, GA with his wife and two daughters.
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Best Schools in North Fulton (Says Atlanta Magazine)
Posted in: Alpharetta Real Estate, Johns Creek Real Estate, Milton Real Estate, Schools
Atlanta Magazine came out with their Best Schools issue , listing what they have determined is the best Elementary, Middle and High School in each metro Atlanta county. The criteria they used to determine the best was based on the percentage of students who exceeded expectations in the most recently available CRCT results. High schools were selected by SAT scores.
Fulton county runs from Milton, through the city of Atlanta, to south of the airport. It is a very large school system, however it’s no surprise that the top schools were in North Fulton where a high level of parental involvement is the norm.
CRABAPPLE CROSSING ELEMENTARY SCHOOL
12775 Birmingham Highway, Milton, 30004
770-740-7055
Grades K-5
Total Students: 757
Founded 1992
CRCT scores exceeding standards: Math: 71.5%, Reading 67.6%
Teachers avg. years of experience: 11
Homes for sale in this school district: Home Search
WEBB BRIDGE MIDDLE SCHOOL
4455 Webb Bridge Rd., Alpharetta, 30005
770-667-2940
Grades 6-8
Total Students: 1357
Founded 1996
CRCT scores exceeding standards: Math: 63.7%, Reading 62.3%
Teachers avg. years of experience: 12
Homes for sale in this school district: Home Search
NORTHVIEW HIGH SCHOOL
10625 Parsons Rd., Johns Creek, 30097
770-497-3828
Grades 9-12
Total Students: 2133
Founded 2002
SAT: 1722
Graduates going to college: 99%
Students scoring 3+ on AP exams: 88%
Teachers avg. years of experience: 10
Homes for sale in this school district: Home Search
Bob Strader is a Realtor whose focus is merging technology and real estate. He specializes in helping buyers search for homes online and leveraging technology to maximize online exposure for home sellers. He is married and lives in Milton, GA with his wife and two daughters.
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The BIG Number
Posted in: Alpharetta Real Estate, Forsyth, The Big Number$17,000,000
The price reduction on the47,000 sq. ft. Le Reve Estate in Cumming, GA. Reduced from $45,000,000 to $28,000,000.
Bob Strader is a Realtor whose focus is merging technology and real estate. He specializes in helping buyers search for homes online and leveraging technology to maximize online exposure for home sellers. He is married and lives in Milton, GA with his wife and two daughters.
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- $45 Million Estate For Sale in Cumming | You Can’t Pick Your Neighbors Though
- Mystery Million-Dollar House in Milton reduced $200k
- How to Spend $4 Million South of the Board - Way South of the Border | Pichi Chacay For Sale in Patagonia
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North Fulton Home Sales: Market Update
Posted in: Alpharetta Real Estate, Crabapple, Local Market Conditions, Milton Real Estate, Roswell Real Estate
Here Comes The Sun
It’s been a long cold lonely winter… And there have been a few news reports recently stating that home sales declined from November to December last year and this means the recovery won’t happen or the light at the end of the tunnel is much further away. The reason is kind of obvious, with the first-time home buyer tax credit originally expiring at the end of November there was a rush by home buyers to get in under the wire. So news reporters keeps driving this negative point in some effort to perpetuate some scary outlook for the economy.
To be sure, jobs are still an issue and looks like they will be for some time, but the real estate market here in Atlanta is still trending in a positive direction, just like it was in November. For instance, the number of single family homes sold in Metro Atlanta for Dec 09′ has increased over Dec 08′ and for condos/townhomes that increase is more than 20%. So, I’ve put together some numbers for North Fulton specifically…
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Single Family Homes Sold |
||||||
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|
|
Sold |
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Sold |
|
|
|
|
|
Dec-08 |
|
Dec-09 |
|
Increase |
|
Alpharetta / Milton / Johns Creek |
|
121 |
|
150 |
|
23.97% |
|
|
|
|
|
|
|
|
|
Roswell |
|
52 |
|
71 |
|
36.54% |
|
|
|
|
|
|
|
|
|
Duluth* |
|
54 |
|
57 |
|
5.56% |
|
|
|
|
|
|
|
|
|
All of N. Fulton |
|
164 |
|
200 |
|
21.95% |
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*includes some sales in Gwinnett |
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|
|
|
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We are outpacing the rest of metro Atlanta and inventory levels are down to levels not seen since 2005. Foreclosures are still an issue despite a high level of competition among buyers for bank owned property. But take note of those stale subdivisions because builders like Ashton Woods and John Wieland are on a buying spree, and why wouldn’t they be with half priced lots out there in subdivisions like Breamridge and Crabapple Crossroads. There is pent-up demand for reasonably priced new construction, which buyers tend to gravitate to. Barring any significant economic hiccups we’ll hear the sounds of hammers and saws again in Crabapple and the surrounding area. It’s already happening in Forsyth County… and those homes are selling briskly.
Bob Strader is a Realtor whose focus is merging technology and real estate. He specializes in helping buyers search for homes online and leveraging technology to maximize online exposure for home sellers. He is married and lives in Milton, GA with his wife and two daughters.
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Rural Charm, Brain Tumors and Private Property Rights
Posted in: Local Affairs, Milton Real Estate, Stuff I like to talk about
A Tree Grows in Milton
Actually three trees….and they are made of steel. Many of you may be aware of T-Mobile’s plans to locate three new cell towers in the city of Milton.
The locations and towers proposed are:
149′ Tower on 10 acres at 2880 Mountain Rd
154′ Tower on 26 acres at 14495 Hopewell Rd (Seven Gables Farm)
154′ Tower on 52 acres at 13340 New Providence Rd.
On January 13th there was an informational question and answer meeting held at Milton City Hall. There T-Mobile provided photos of the three locations with renderings of the towers in each photo. These renderings were made from balloon tests, to determine how visible each tower would be from various vantage points. Since that meeting there has been some uproar about how citizens of Milton can stop this from happening. Groups want city officials to deny T-Mobile and the property owners a permit to install the towers, pressuring them with future votes. They dispute T-Mobile’s business case that coverage is lacking or simply suggest that T-Mobile customers can just switch to a different carrier.
The Issues
There are 2 main concerns that residents have with the cell towers, the first of which is that the towers will ruin the rural charm and pastoral views of our fledgling city. On a search of cell towers within a 4 mile radius of my community, a cell tower search site revealed that their are 26 tower locations. It surprised me that there are that many, I can think of 2 that I have seen. I guess they blend in or I just don’t pay attention to them. I know of one behind the Union restaurant on Providence Rd. that is made to look like a pine tree. It doesn’t look like a real tree, of course, but looks better than a silver metal pole.
The other concern some have are the unknown dangers of radiation from the antennas. A quick Google search will reveal websites that say there has not been enough research to be conclusive but we risk health effects ranging from reduced immune system competence and mood swings to brain tumors and leukemia. With over 4 billion cell phone users in the world and over 270 million cell phones in the US; dangers from an antenna a quarter of a mile away seem infinitesimal at best, especially when seemingly everyone in the world is running around with their phone pressed to the side of their heads. I don’t know of anyone planning to get rid of their cell phone, do you?
Don’t Tread on Me
The one issue that hasn’t seem to come up though is private property rights. The owners of the three sites have the right, as property owners, to: rent, sell, mortgage or develop their property - as long as it is within the constraints of zoning restrictions. Just like, thankfully, all Milton residents have the right to voice their concerns at the council meetings. We have a process and by-and-large it seems to work. My concern is that if the City Council votes to deny the permit simply because some people don’t like the towers, then the Milton City Council Members would be voting against private property rights . In my mind, that is theft. The property owner who had the rights to develop or profit from their land is now prevented from doing so, in spite of meeting the zoning laws that are in effect.
What comes next? Then any group of homeowners can get together to have that horse-farm get rid of their horses because the manure stinks. That small business owner that grows orchids on his agricultural land might have to cease and desist because his greenhouses aren’t ascetically pleasing to some. I’m sorry private property owner, but I don’t want you to sell your land to a developer to build more homes - I like the rural charm of your pastures. Oh, but don’t let your horse manure pile up or it will offend me. Never mind the fact that you were here years before my home was built and changed the rural view from your house.
Even though I think that we’ll all get used to the towers being there - just like we have with the hundreds of other towers that surround us, I agree that a cell tower is not an attractive addition to the landscape. We should be working to make the towers that do go in as unobtrusive as possible. If that means making it look like a tree, then we should be pushing T-Mobile to do that. But I hope we didn’t become the City of Milton so we can take away private property rights.
“The right of property is the guardian of every other right, and to deprive a people of this, is in fact to deprive them of their liberty.” Arthur Lee, “An Appeal to the Justice and Interests of the People of Great Britain, in the Present Dispute with America” (1775)
Bob Strader is a Realtor whose focus is merging technology and real estate. He specializes in helping buyers search for homes online and leveraging technology to maximize online exposure for home sellers. He is married and lives in Milton, GA with his wife and two daughters.
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