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Pulte Homes to acquire Centex

04-10-09
Joshua Jarvis
Joshua Jarvis: Real Estate Agent in Dacula, GA
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  • Mobile: (770) 374-4667

Home builder Pulte Homes Inc. will buy rival Centex Corp. in a $1.3 billion deal.

The deal is made up of a stock-for-stock swap valued at $3.1 billion, including $1.8 billion of net debt.

Bloomfield Hills, Mich.-based Pulte (NYSE: PHM) is metro Atlanta's second-largest home builder, with Dallas-based Centex (NYSE: CTX) ranked at No. 14, according to Atlanta Business Chronicle's 2008-2009 Book of Lists.

Pulte had two of the top-selling communities in 2008 in metro Atlanta -- Village at Deaton Creek and Sun City Peachtree.

"Combining these two industry leaders with proud legacies into one company puts us in an excellent position to navigate through the current housing downturn, poised to accelerate our return to profitability," said Richard J. Dugas Jr., Pulte president and CEO, in a statement. "Centex's significant presence in the entry level and move-up categories is complemented by Pulte's strength in both the move-up and active adult segments, the latter through our popular Del Webb brand."

The combined company will use the Pulte name and be based in Bloomfield Hills, but the firms said a “significant presence” will be maintained in Dallas. Dugas will assume the positions of chairman, president and CEO of the combined company. Current Centex CEO Timothy Eller will join an expanded Pulte board.

This buyout would make the "new" Pulte, the largest builder in the Atlanta area, but that's not saying alot since Centex stopped building spec homes last year.

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Jackson County, GA Residential Real Estate Market Report & Stats for Mar. 2009

04-04-09
Mike Saunders
Mike Saunders: Real Estate Agent in Athens, GA
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  • Office: (706) 316-2900 x3517
  • Mobile: (706) 207-5290
  • Secondary: (706) 316-2900

After experiencing three consecutive months of increasing numbers, the residential real estate sales volume for Jackson County, GA held flat during March, 2009. The average number of Days on Market (D.O.M.) and the average sales price were also basically flat for the same period. However, the median sales price for residential home sales was up over 1-1/2%.

The number of pending sales, at the end of March, for Jackson County was 37.

Residential sales includes single family homes, duplexes & triplexes, condos, townhomes, mobile and manufactured homes.

Jackson County
Date DOM Average Median # sold
1-Apr-08 164 $196,293.00 $171,895.00 218
1-May-08 162 $191,964.00 $167,000.00 217
1-Jun-08 161 $191,061.00 $167,000.00 213
1-Jul-08 158 $181,038.00 $162,823.00 198
1-Aug-08 159 $178,993.00 $160,000.00 194
1-Sep-08 156 $169,507.00 $158,000.00 187
1-Oct-08 157 $170,857.00 $157,000.00 183
1-Nov-08 158 $173,608.00 $158,525.00 178
1-Dec-08 156 $172,137.00 $157,500.00 173
1-Jan-09 149 $168,344.00 $155,900.00 177
1-Feb-09 154 $168,473.00 $154,950.00 182
1-Mar-09 157 $166,297.00 $153,400.00 188
1-Apr-09 155 $165,522.00 $155,900.00 187

If you would like more information on Jackson County, or are interested in buying or selling your home there, please call me at 706-207-5290. Or you can click here to email me with your inquiries. To search for homes in Jackson County you, please visit my website.

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Chateau Elan Networking Elites 60 Second Spotlight: Josh Whitlock

03-21-09
Joshua Jarvis
Joshua Jarvis: Real Estate Agent in Dacula, GA
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  • Mobile: (770) 374-4667

Josh Whitlock is one of the most dynamic people in the Chateau Elan Networking Elites BNI Group (Now on Linkedin) located in Braselton, GA in the Chateau Elan Area.  Since joining he's made all of us step up our efforts on making fun presentations that actually get a point across.  He's done everything from talk about spider-man underwear to dancing for us... all the while getting his point across that he can make your website stand out - or as he says "We'll make a website that will make you proud, choose the experts at MakeItLoud.

 

 

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Jackson County Georgia, an increase in properties sold for Q1 ‘09

03-18-09
Hank Bailey
Hank Bailey: Real Estate Agent in Athens, GA
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  • Office: (706) 654-2086
  • Mobile: (706) 621-1895
  • Secondary: (706) 621-


Okay, okay, I know that the first quarter is not over yet, but through March 17th, we have seen an increase in sales in Jackson County Georgia both in numbers of sales and dollars for first quarter ‘09 over the same time period in ‘08. This is news. With so much despair and negativism about housing, I wanted to throw out an area of our state that is displaying an “increase” over prior year sales. According to the Athens MLS;

Jan 1 - Mar 18, 2008

 Jan 1 - Mar 18, 2009 Difference Percentage
Property Type Units Dollars Units Dollars Units Dollars Units Dollars
Residential 28 4.071 mil 33 5.024 mil 5 953,k 17.86 23.41
Multi-Family 0 0.00 0 0.00 0 0.00
Land/Farm 0 0.00 2 90k 2 90k
Commercial 0 0.00 0 0.00 0 0.00
Rental-Residential 0 0.00 0 0.00 0 0.00
Totals: 28 4.071 mil
 35 5.114 mil
 7 1.043 mil
 25.00 25.62

Sure, these figures are not enormous by any means, but consider that Jackson County has multiple MLS services and is also covered by GA MLS of which I am also a member. The Athens MLS does not make up this market as a whole. What this sampling from the Athens MLS does tell us quite simply is that sales are “up.” Even at the height of the market (or rather the bubble) Q1 of 2007 sales in Jackson County were at 52 units sold and still less than $10million in gross sales according to the Athens MLS. You see this kind of fall off from Q1 2007 in most areas of the country to Q1 2008. What you don’t see in most areas of the country is any increase, not even to mention a significant increase, in sales in ‘09. I would call a 25% increase significant.

If you live in Jefferson or other parts of Jackson County and you are thinking about selling your home this year, take some confidence that Jackson County real estate appears to be strong.

If you are looking to purchase a home in the Greater Athens area, including Jackson County Georgia, please feel free to use this link to Search the Athens MLS! While on the Georgia MLS you can search for homes, create a User account to save favorite property searches, email property searches to friends and family, or request more information!

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Chateau Elan Networking Elites 60 Second Spotlights: Taun Henderson

03-11-09
Joshua Jarvis
Joshua Jarvis: Real Estate Agent in Dacula, GA
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  • Mobile: (770) 374-4667

I'm continuing my series of 60 second presentations for many reasons, but one of them is to promote the aweseom members we have at the Chateau Elan Networking Elites Group located in the Chateau Elan area. If you missed it, you can see Tony Woodall with Coffee News here.

This time I'm highlight Taun Henderson (rhymes with "Shawn"), with Compupay - a payroll and servicing company. Taun is an awesome speaker and mentor for our chapter. He has helped me break down networking and teach me how to get and more importantly how to give more out of it.

Taun's famous in this area for his Dr.'s coat, afterall he's the "Payroll Doctor" and of course, his favorite question: "Oh by the way, who does your payroll?"

So without further ado, it's time to "Take your headaches away, choose the experts at CompuPay"

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