College Park, GA

This Atlanta foreclosure made me grab the cam for a couple of reasons. Looking at the home, it was interesting to see how vegetation has encroached on and into the structure – the front entrance is completely blocked, the rear facade has shrubbery right on it and there were good sized plants growing in the gutters – not the usual weeds occasionally seen. There was evidence of rodent infestation, easy to see why.

The kitchen has been removed; completely. The vandalism was thorough and comprehensive; most windows were broken or completely removed, bathrooms were smashed and the rest of the home had the expected ancillary damage. Toppers on this one are the power lines and location in close proximity to the take off lanes of Atlanta Hartsfield airport.

Oh, did I mention the bags of, well.....you'll see.

College Park 30349 HUD Home - Over 4600 sq ft for $238,500 - Six Bedrooms, Five Bathrooms

Wow! What a deal on this very large College Park HUD Home! Enough space for any buyer at just the right price! This College Park HUD Home is waiting for a new owner to take advantage of it. For more information about this College Park HUD Home, please call 404 246 3210.

College Park 30349 HUD Home - Over 4600 sq ft for $238,500 - Six Bedrooms, Five Bathrooms

This College Park is FHA insured, so you can get for as little as $100 Down! Seriously, it will be hard for you to find another bargain like this one. For more information about this College Park HUD Home, please call 404 246 3210.

College Park 30349 HUD Home - Over 4600 sq ft for $238,500 - Six Bedrooms, Five Bathrooms

This College Park HUD Home needs some drywall repair. Don't fret! Just roll the repairs into your mortgage using the FHA 203b loan for this College Park HUD Home. And it's only $1500. For more information about this College Park HUD Home, please call 404 246 3210.

For help with HUD Homes in College Park or metro Atlanta, call your Certified HUD Selling Broker at 404 246 3210. We are ready to help!

To see more HUD Homes, visit www.hudhomestore.com.

I am a firm believer that the real estate market is nothing more than supply and demand. When the demand for homes goes down because buyers can not get financing, then the the months supply of homes goes up because less people can purchase the homes on the market. I just checked the Alpharetta months supply of homes on the market at the end of January (primarily North Fulton areas 13 & 14) and the months supply of homes is at 6 months - around 5 - 6 months is considered a stable market. I think once the supply of homes stabilizes then we will start to get price appreciate instead of the price decreases. I also think a key element in the return of the real estate market is the unemployment rate - which decreased considerably in December. I think as long as the unemployment rate improves then consumer confidence will improve and then we will have more demand for homes - I still think we are 2-3 years away from getting back to a "normal" market -

If you need to buy or sell real estate, or know someone that does, please call me at 770 722-7010 - I am always looking for homes to sell and buyers to work with. Visit my website at www.FosterHomeInfo.com for more information.

Market Report - College Park 30349 Single Family Homes - 2011 vs 2010

College Park is a suburban city minutes south of downtown Atlanta and home to Hartsfield Jackson International Airport. College Park has been hard hit with foreclosures, and the year to date numbers point to another grim year for the College Park real estate market for sales of single family homes.

Market Report - College Park 30349 Single Family Homes - 2011 vs 2010

The number of closed sales year to date in 2011 are down by 3.0% from the number of closed sales in 2010. 826 single family homes in College Park have closed this year compared to 856 in 2010 for the same time period. These numbers are not so alarming.

Market Report - College Park 30349 Single Family Homes - 2011 vs 2010

The closed sales volume for single family homes in College Park in 2011 is down by a whopping 27.5% from this the year to date closed sales volume in 2010. Incredible lost of value for single family homes in College Park 30349. Investors are taking advantage of dramatic drop in value and opportunities for rental properties. College Park had a huge upswing in new construction during the boom years of 2005 to 2007, and now the tide continues to reverse. Too many buyers in properties they could not afford.

Market Report - College Park 30349 Single Family Homes - 2011 vs 2010

And both of the stats point to a decrease in the average sales price year to date - $81,900 in 2011 compared to $101,375 in 2010. College Park 30349 continues to be a huge bargain for buyers looking in metro Atlanta. One of the best private schools in the world - Woodward Academy - is located in College Park.

For more information on College Park real estate, please call 404 246 3210 or 404 923 4210. Thank you!

NOTE: Data source is GA MLS. All information deemed reliable but not guaranteed.

This Thursday, December 22nd, World Changers Church International in College Park will be hosting its annual Toy Giveaway. Toys and donations were being accepted up until today, and now the all of the wrapping and preparation is being completed. This annual Christmas event is very much appreciated by the College Park community. Children who might not otherwise have a present or gift for Christmas are receiving some very special presents.

The event is part of the regular help that World Changers Church International provides to those less fortunate in the College Park Community. The church regularly partners with the local Kroger and Walmart to collect for items. And there is a team that takes the collections, organizes them into boxed sets and get them out to families in need throughout the year.

If you need a place to go on Christmas day while in the College Park GA area, we are having a Christmas service starting at 10AM. Come and out join the fun as we celebrate the holiday season!

For more information about real estate in College Park GA, give me a call at 404 246 3210 or call our office at 404 923 4210. Thanks!