Matthew Share

The other day, I was doing some research for buyer clients of mine on the state of the market for a property that they were considering putting an offer in on. This property was new construction in a generally sought after area of East Cobb (Marietta, GA). The home was listed in the 900's. As part of my research, I analyzed the trends in inventory levels in my local absorption reports. Interestingly, I noticed that the months of inventory has actually declined in recent months in that category and area. It peaked in February 2008. See the stats below.

8/07 - 18.9 months of inventory

9/07 - 20.3 months

10/07 - 20.5 months

11/07 - 21.2 months

12/07 - 24 months

1/08 - 24.4 months

2/08 - 31.1 months - - - - -This is where it seems to have bottomed out and the trend reversed.

3/08 - 29.3 months

4/08 - 28.8 months

I am writing this blog entry at my favorite local coffee place. It's a relatively new place called the Daily Grind in N East Cobb County right at the intersection of East Piedmont Rd. and Sandy Plains Road. They have geat beverages as well as a comfortable atmosphere and free Wi-Fi. There's even a conference room that you can use for small meetings. I will be conducting a business networking session there once a month with the first session on May 29th at 8AM. Since this is the first one, I ask that if you plan on attending please let me know and I will know to look out for you there. If you go, ask for the owner, John and tell him I sent you.

If you are considering relocating to the Atlanta suburbs and you want a chance to sample many of the local restaurants, there are 2 upcoming events that you would be interested in.

1. Taste of Marietta - this will take place on April 27th in the historic Marietta Square. It is simply wonderful to spend a little time in this charming outdoor square if the weather is nice. While you're there, take a drive around some of the historic neighborhoods and see some fantastic properties.

2. Tast of East Cobb - on May 3rd. Similar; but smaller scale event as the Marietta version. This one is not in a historic location (just a strip mall parking lot); but should also be a fun event for the whole family. It's also a great time to get out and meet the locals if you are new to the area or considering relocation. Look for me and be sure to say hi if you see me.

There will be restarurant samplings as well as local entertainment and other vendors and activities at both of these events.