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Bob Southard,e-Pro Powder Springs and Marietta Real Estate

Country Walk Spring Yard Sale

Its that time again ... Spring Yard Sale at Country Walk Subdivision. The Country Walk social committe is proud to announce that his year we have at least 38 households participating!

See the Yard Sale Map See the partial list of items for sale

We also have at leat 15 residents donating "leftover" items to the American Kidney Fund. The Kidney Fund will be picking up late Satuday afternoon.

Next week is Powder Springs "Reside With Pride" week. The sanitation department will pick up just about anything on our regular Wednesday pick up day. So if you have stuff that doesn't sell (and its too crummy to donate) just put it out by the curb next Wednesday.

For more information about Country Walk Subdivision visit www.MyCountryWalkHome.info

Easter Bunny visits Country Walk

Everybody who live in this area knows that Country Walk is the heart of Powder Springs. We have a great neighborhood with fantastic amenities. Residents in Country Walk are also aware that my wife and I have taken over the duties of the social committee.

We feel that an active socail life is the most valuable amenity a neighborhood can offer. O ur social gatherings are what make Country Walk so much more than just a neighborhood with a pool, tennis, and our own convenience store.

One of the big events of the year is our annual Easter Egg Hunt. This year we even had a special visit from the Easter Bunny! As you can see not every body was totally thrilled with the visit....

Although many folks came out with kids and a great time was had by all.

Especially the Easter Bunny!

Cobb County Ga.-If you are serious about selling

If you are serious about selling your Cobb County Georgia home then you need to look seriously at your competition. As with any statistics, they can be interpreted many different ways. Of course all markets are local. There will be differences between East Cobb and West Cobb. Whether your home is in Marietta, Kennesaw, Acworth, Powder Springs, Smyrna, Vinings, Austell, or Mableton will make a difference in the pricing and marketing of your home.

Here are the most recent sales figures available from Jan '08, according to realist data in FMLS.

Sales Statistics
for COBB County GA

Realist's most recent recording date for this county is 03/03/2008

Single Family Residence

Time Period

Number of Sales

Median Sale Price

Jan 2008

441

$212,300

Jan 2007

822

$197,950

Dec 2007

521

$224,000

Dec 2006

928

$199,950

2008 YTD

695

$210,000

2007

9,551

$207,000

Condominium

Time Period

Number of Sales

Median Sale Price

Jan 2008

245

$207,000

Jan 2007

364

$233,200

Dec 2007

284

$214,150

Dec 2006

352

$207,450

2008 YTD

326

$206,050

2007

4,321

$215,000

So for January there were 686 single family homes and condos sold. As you can see that was down significantly from the same time periods in 2007. But nonetheless homes are selling. And believe it or not (I'll do a separate post) Home prices for the area are up slightly.
However here is the part that i think needs to be considered. Like many other parts of the country the foreclosure rate has soared.

Here is the copy from the Marietta Daily Journal for the current foreclosure ads. these are homes currently being advertised for foreclosure on the first Tuesday in April.

Cobb County Legal Notices

0801 Foreclosures (566)

Not all of those 566 will be foreclosed. And some might be commercial properties or land. some of them are complete developments that the builder/developer has defaulted on. However it shakes out, that is whole bunch of homes that will be entering the market as banked owned foreclosure homes. This will be a significant amount of the homes on the market competing against your home and other traditional (non foreclosure) home-sellers. This is the competition.

If you want to sell against highly motivated banks:

1.Your home needs to be in very good to excellent condition. Make it the best choice for prospective buyers

2.You need to price it right. Not necessarily give it away but now is not a time to be greedy by any means. Sell the house for less than what you might want and go make a great deal on the house your buying to make up for it.

Worthington Oaks Market Report - Powder Springs

Below is the entire market report from the last three months for Worthington Oaks subdivision in Powder Springs, Georgia.

The trend in worthington Oaks seems to be following along the trends of the entire metro Atlanta area. There were a large number of expired and withdrawn listings in the time period. In my opinion this may be a good thing in the long run. There are only 8 homes actively for sale at this time. For a neighborhood the size of Worthington Oaks this is a very reasonable number of homes for sale without being oversupplied. Hopefully this will lead to a good Springtime selling season for these homes. However, if a lot of the expireds and withdrawns jump back in the neighborhood market could become diluted causing slower selling times and lower than expected pricing.

Comparative Market Analysis

Property Type: Residential Status: Active
Subject
Property
#MLS#AddressSubdivisionBRFull BathsHalf BathsStoriesBasementYear BuiltOriginal List PriceList Price
1 3518845 8120 WEATHERFORD PLACE WORTHINGTON OAKS 4 2 1 2 Stories Daylight, Exterior Entry, Full, Interior Entry 2003 $252,900 $249,900 *
2 3589718 3305 Worthington Ct SW worthington oaks 5 3 0 2 Stories Slab/None 2000 $238,900 $238,900
3 3503805 2300 Worthington Dr WORTHINGTON OAKS 5 3 0 2 Or + Stories Slab/None 2002 $235,000 $235,000
4 3586905 9220 Waterford Ln SW WORTHINGTON OAKS 5 3 0 2 Stories Slab/None 2003 $229,000 $229,000
5 3594877 2230 WORTHINGTON DR WORTHINGTON OAKS 5 3 0 2 Stories Slab/None 1999 $215,000 $215,000
6 3553778 7135 Weatherford Dr WORTHINGTON OAKS 4 3 0 2 Stories Daylight, Exterior Entry, Full, Interior Entry 2003 $249,900 $214,400 *
7 3543246 5565 WHEATFIELD LANE WORTHINGTON OAKS 4 2 1 2 Stories Slab/None 2001 $214,000 $205,000 *
8 3626241 8130 WEATHERFORD PLACE WORTHINGTON OAKS 5 3 0 2 Stories Bath/Stubbed, Daylight, Exterior Entry, Full, Interior Entry 2003 $211,900 $204,900 *
Average531 2002$230,825$224,012
Number of Properties: 8

Property Type: Residential Status: Expired
Subject
Property
#MLS#AddressSubdivisionBRFull BathsHalf BathsStoriesBasementYear BuiltOriginal List PriceList Price
1 3378449 2475 WORTHINGTON DRIVE WORTHINGTON OAKS 5 4 0 2 Or + Stories Bath, Daylight, Exterior Entry, Finished, Full, Interior Entry 2003 $265,000 $265,000
2 3517655 2475 Worthington Drive Worthington Oaks 5 4 0 2 Stories Bath, Daylight, Exterior Entry, Finished, Full 2003 $265,000 $265,000
3 3491392 1160 Windbrooke Dr Worthington Oaks 4 2 1 2 Stories Bath/Stubbed, Daylight, Exterior Entry, Full, Interior Entry 2003 $264,900 $259,900 *
4 3388888 7105 WEATHERFORD DRIVE WORTHINGTON OAKS 6 4 0 2 Stories Bath, Exterior Entry, Finished, Interior Entry 2003 $259,900 $259,900
5 3366093 7170 WEATHERFORD DRIVE WORTHINGTON OAKS 5 3 0 2 Stories Slab/None 2002 $243,859 $240,900 *
6 3531176 9120 WATERFORD LANE WORTHINGTON OAKS 4 2 1 2 Stories Slab/None 2003 $245,000 $240,000 *
7 3423439 2300 WORTHINGTON DRIVE WORTHINGTON OAKS 5 3 0 2 Stories Slab/None 2002 $235,000 $235,000
8 3409823 1125 WINDBROOKE DRIVE WORTHINGTON OAKS 5 3 0 1 Story Exterior Entry, Finished, Full, Interior Entry 2003 $240,900 $233,800 *
9 3464269 9220 Waterford Ln WORTHINGTON OAKS 5 3 0 2 Stories Slab/None 2003 $229,900 $229,900
10 3459982 7310 WEATHERFORD DRIVE WORTHINGTON OAKS 4 2 1 2 Stories Slab/None 2003 $232,900 $227,000 *
11 3421328 5565 WHEATFIELD LANE WORTHINGTON OAKS 4 2 1 2 Stories Slab/None 2001 $219,000 $214,000 *
12 3438102 2250 WORTHINGTON DR WORTHINGTON OAKS 4 2 1 2 Stories Slab/None 2001 $209,500 $212,500 *
13 3381798 2325 Worthington Dr Worthington Oaks 3 2 0 1 Story Bath/Stubbed, Daylight, Exterior Entry, Full, Interior Entry 1999 $217,000 $209,900 *
14 3582343 8130 WEATHERFORD PLACE WORTHINGTON OAKS 5 3 0 2 Stories Bath/Stubbed, Daylight, Exterior Entry, Full, Interior Entry 2003 $247,900 $209,900 *
Average531 2002$241,125$235,907
Number of Properties: 14

Property Type: Residential Status: Withdrawn
Subject
Property
#MLS#AddressSubdivisionBRFull BathsHalf BathsStoriesBasementYear BuiltOriginal List PriceList Price
1 3416660 1160 WINDBROOKE DRIVE WORTHINGTON OAKS 4 2 1 2 Stories Bath/Stubbed, Daylight, Exterior Entry, Full, Interior Entry 2003 $269,900 $264,900 *
2 3504318 8130 WEATHERFORD PLACE WORTHINGTON OAKS 5 3 0 2 Stories Bath/Stubbed, Daylight, Exterior Entry 2003 $257,000 $249,900 *
3 3555387 8130 WEATHERFORD PLACE WORTHINGTON OAKS 5 3 1 2 Stories Bath/Stubbed, Daylight, Exterior Entry, Full, Interior Entry 2003 $249,900 $249,900
4 3318720 9220 Waterford Lane Worthington Oaks 5 3 0 2 Stories Slab/None 2003 $234,900 $234,900
5 3475301 1125 WINDBROOKE DRIVE WORTHINGTON OAKS 5 3 0 2 Stories Exterior Entry, Finished, Full, Interior Entry 2003 $233,800 $230,000 *
6 3394553 7145 Weatherford Drive Worthington Oaks 4 2 1 2 Stories Slab/None 2003 $214,900 $214,900
7 3563582 2250 WORTHINGTON DRIVE WORTHINGTON OAKS 4 2 1 2 Stories Slab/None 2001 $212,900 $212,900
Average531 2003$239,042$236,771
Number of Properties: 7

Property Type: Residential Status: Sold-Closed
Subject
Property
#MLS#Closed DateAddressCityZipSubdivisionBRFull BathsHalf BathsStoriesBasementYear BuiltOriginal List PriceList PriceSold PriceDOM
1 3525062 1/18/2008 1125 Windbrooke POWDER 30127 Worthington Oaks 5 3 0 2 Stories Bath, Finished, Full, Interior Entry 2003 $199,900 $184,900 * $179,500 # 147
Average 530 2003$199,900$184,900$179,500147
Number of Properties: 1

See all of the homes for sale in Worthington Oaks and all of Powder Springs at www.PowderSpringsHomes.info

Powder Springs - Amberton Subdivision Market Report

Below is the market activity in Amberton subdivision to 09/01/2007 to 01/30/2008. I think it is interesting that nno homes have sold in this time period. Amberton is a great neighborhood, with excellent amenities and schools. As with any neighborhood the homes should be priced according to current market conditions and effectively marketed.

See todays list of homes currently for sale in Amberton subdivision, Powder Springs, Georgia

Comparative Market Analysis

Property Type: Residential Status: Active
Subject
Property
#MLS#AddressSubdivisionBRFull BathsHalf BathsStoriesBasementYear BuiltOriginal List PriceList Price
1 3608270 1003 Amberton Ln SW AMBERTON 5 4 0 2 Stories Bath, Daylight, Exterior Entry, Finished, Full, Interior Entry 2002 $325,000 $325,000
2 3558427 4878 Callington Way AMBERTON 6 4 1 2 Stories Bath, Boat Door, Daylight, Finished, Full 1999 $327,900 $320,900 *
3 3644237 4874 CALINGTON WAY AMBERTON 5 4 0 2 Stories Bath, Finished, Full 1999 $284,900 $284,900
4 3625795 1027 Amberton Ln SW AMBERTON 4 2 1 2 Stories Slab/None 2001 $218,100 $218,100
Average541 2000$288,975$287,225
Number of Properties: 4

Property Type: Residential Status: Expired
Subject
Property
#MLS#AddressSubdivisionBRFull BathsHalf BathsStoriesBasementYear BuiltOriginal List PriceList Price
1 3542440 4874 Callington Way Amberton 5 4 0 2 Or + Stories Bath, Daylight, Exterior Entry, Finished, Full 1998 $325,000 $325,000
2 3575133 4904 AMBERTON DR AMBERTON 4 3 0 2 Stories Slab/None 1999 $339,000 $289,900 *
3 3521423 1075 AMBERTON LN AMBERTON 5 3 0 2 Stories Slab/None 1999 $289,900 $284,900 *
4 3405994 1316 KINGSBURY CT AMBERTON 5 3 0 2 Stories Bath/Stubbed, Daylight, Full 1999 $279,900 $279,900
5 3529105 4900 Amberton Dr Amberton 4 2 1 2 Stories Slab/None 2001 $289,900 $269,900 *
Average531 1999$304,740$289,920
Number of Properties: 5

Property Type: Residential Status: Withdrawn
Subject
Property
#MLS#AddressSubdivisionBRFull BathsHalf BathsStoriesBasementYear BuiltOriginal List PriceList Price
1 3376492 1275 CALLINGTON POINTE AMBERTON 5 3 1 2 Stories Daylight, Finished, Full 1998 $309,900 $309,900
2 3476838 4900 AMBERTON DRIVE AMBERTON 4 2 1 2 Stories Slab/None 2001 $289,900 $289,900
3 3529147 1027 Amberton Ln Amberton 4 2 1 2 Stories Slab/None 2001 $259,900 $259,900
4 3433169 1027 AMBERTON LANE AMBERTON 4 2 1 2 Stories Slab/None 2001 $269,900 $259,900 *
Average421 2000$282,400$279,900
Number of Properties: 4

Prepared by

BOB SOUTHARD
770-656-9134
RE/MAX PLATINUM
Bob@AgentBobSells.com