• Home
  • Brookhaven
    • Close
      • Brookhaven Parc
      • Dresden Creek
  • Buckhead
    • Close
    • 2500 Peachtree
    • 2901 Lenox
    • Buckhead Grand
    • Buckhead Village Lofts
    • Cosmopolitan at Lindbergh
      • Eclipse Buckhead
    • Gallery Buckhead
      • Realm Buckhead
    • Walden on Lenox
      • The Winston
  • Chamblee
    • Close
    • Frontier Woods
      • Huntley Hills
    • Keswick Village
      • Lofts at 5300
    • Peachtree Malone Lofts
      • Townsend At Chamblee
      • Variations Townhomes
  • Doraville
    • Close
    • Assembly Doraville
    • Doraville In the News
    • Homes For Sale
    • Northwoods
    • Chestnut Place
    • Third Rail Studios
  • GA TECH
    • Close
    • Off Campus Housing
    • MARTA and Midtown Atlanta
  • “ITP”
    • Close
    • Adams Crossing
      • Ansley Parkside Townhomes
    • Atlanta Beltline
      • Emory University Area
    • LaVista Walk Townhomes
      • NEW Buckhead Listings
    • VIRGINIA HIGHLAND
  • Midtown
    • Close
    • About Midtown Atlanta
      • Historic Midtown Atlanta
        • Choose ATL
      • NEW Midtown Listings
      • Midtown Neighbors’ Association (MNA)
    • Midtown Atlanta HIGH RISE Condos
      • Midtown Atlanta MID RISE Condominiums
        • Seventh Midtown
        • Cornerstone Village Midtown Atlanta
        • 805 Peachtree
        • MidCity Lofts
        • The Dakota
        • Peachtree Lofts
        • Cotting Court
        • 905 Juniper
        • Peachtree Walk
        • 33 Ponce
        • Tuscany Midtown
        • Piedmont Crest
    • Midtown West
      • Twelve Atlantic Station
      • The Art Foundry
      • The Atlantic Residences
      • Element Condominiums
      • White Provision Atlanta Condos
      • M West Townhomes
    • 1 Bedroom Condos 30308
      • 1 Bedroom Condos 30309
      • Midtown 2 Bedroom
    • MARTA and Midtown Atlanta
  • CONTACT
    • Close
    • About Us
      • Testimonials
      • Time With Thom
    • Your TEAM at My MidtownMojo
      • Michele – Silverton Mortgage
      • Ryan – Movement Mortgage
      • Vendor Brochure
  • Buyers
    • Close
    • ASK THE BROKER!
    • Buyers Guide
      • Buyer Questionnaire
    • Market Reports
    • RELO TO ATLANTA GA
      • Atlanta GA Relocation Guide
    • Rent Vs. Buy
  • Sellers
    • Close
    • Midtown Market Reports
    • Selling Intown Atlanta Real Estate | Selling Your Home!
    • Short Sales
    • Who Is Palmer House Properties
  • BLOG

Atlanta Condos For Sale

Why Does It Take You So Long to Do Market Reports?

October 28, 2016 by Thom Abbott

Why Does it take you so long to do Market ReportsA post of a personal nature…but a question asked. Why Does it take you so long to do Market Reports?

I’m in the process of getting Market Report posts done for September, 2016 numbers. A person who follows my blog regularly, asked the question yesterday,

“Why is it October 28 and you are still doing SEPTEMBER Market Reports? It seems like this is already old news. Why don’t we see them on September 1 or 2?”

Ok. That’s a fair question that needs an answer.

The easy answer would be, “They are a lot of work.” Well they are!

But the truth is there are several factors at play. First, I wait until the 15th of the following month, to make sure that the MLS has been updated with all the closings for the month I’m writing about. So, I don’t start on September reports until October 15.

Why Does it take you so long to do Market ReportsSecond, I have TWENTY-TWO, yes 22 major condo buildings in the Midtown area. I’d probably push 35 or more if I did ALL the condo buildings!!! That’s some serious buildings to pull numbers for.

Third, there is more to a market report, than just throwing numbers out there. I believe my readers expect some type of analysis of the information. Often, it’s pretty straight-forward. Not much inventory, some are Under Contract, and some have Sold…and the Days on Market are short and sweet.  But not always. Take the September, 2016 Market Report for Viewpoint Midtown.  One of the Sold listings had been on the market for some 110 days!!! That’s crazy in this market. So I had to take further time to look into that specific listing and be able to offer up an explanation of what happened. I can usually look at a listing and tell what the issue was. In this case, it was a Seller who had a tenant that wanted to stay in the condo, and they were looking for an investment buyer vs. an owner-occupied buyer. And that took some time.

I get a lot of great feedback on my Market Reports. These are not those “zestimates” that you hear about….this is an actual real estate agent, that works in the market on a day-to-day basis, looking at the activity, not in a high-reaching view, but building, by building. What sells down the street may have some impact on your value, but it’s more important to know what is happening right in YOUR building. As that will have a more direct impact on your value if you are planning to refinance or sell.

So, it takes time to write some 22 blog posts about all the Midtown Atlanta condo buildings. In fact, for September, I may have to condense some of the buildings into a multi-building post, just so I can get the info out there.

I hope it’s information you find helpful when YOU have a question, “How’s the real estate market?”

Now, let me get back to Market Reports!!!

Filed Under: Blog, Interesting Stories, Market Reports, Random Topics Tagged With: Buyers, Intown Atlanta Real Estate Buyers Guide, Midtown Atlanta Market Reports, Seller Tips

Thom Abbott

Associate Broker, REALTOR(R)
905 Juniper Street, NE Suite 110
Atlanta, Georgia 30309
770.713.1505 Direct
404.876.4901 Office

 
 
 
 
 
 
 
 
 
 

PalmerHouse Properties

Copyright © 2023 · AgentPress Pro Theme on Genesis Framework · WordPress · Log in