Housing market updates from Atlanta

[ChillDude]

7 hours ago, Sonu_Patel said:

overall.. there are very less buyers in market right now.. than the total inventory of home.

perfect setup for price reductions and downfall. 

2020-2021 lo 2.75% interest ki ekkuva price petti konna vaalaki pedda loss raadu ani I feel.. They also saved rent for last 4 yrs..

People buying after 12 - 24 months will probably buy for 2020 prices at 5 - 5.5% interest

[Sonu_Patel]

11 hours ago, ChillDude said:

2020-2021 lo 2.75% interest ki ekkuva price petti konna vaalaki pedda loss raadu ani I feel.. They also saved rent for last 4 yrs..

People buying after 12 - 24 months will probably buy for 2020 prices at 5 - 5.5% interest

100% agreed anna.. It will be a slow process, takes good few months to normalize the prices. 

[Sonu_Patel]

16 hours ago, neneno1 said:

Dawsonville which is far from anything lanti remote places lo untu Atlanta gurinchi Nuvvu iche sollu and wrong updates. Me remote oorlo updates ani cheppu and Atlanta suburbs updates.

Atlanta suburbs lo market is great and still bidding for homes

anna.. bidding ekkada jarugutundi anna.. 

look overall markets.. inventory crazy ga up avthondi. 

still bidding antav..  biddings vesi konte happy ga untava nuvu. 

[Sonu_Patel]

On 7/11/2024 at 11:20 AM, neneno1 said:

Look at this in Cumming. Listed for 2.5M.

they signed for 1.6 in 2023. now if they reduce it by 100k danni housing market crash or down antava?

many of them are listing for more than market value and reducing it very little and still gaining huge profits

 

https://www.zillow.com/homedetails/7120-Wild-Violet-Dr-Cumming-GA-30041/352653626_zpid/

@neneno1 bhayya.. 2.5 nunchi.. 2.2 ki reduction chesaru .. chusava..

unnava .. price reductions are real bro.. 

[Sonu_Patel]

On 7/17/2024 at 11:52 PM, ChillDude said:

2020-2021 lo 2.75% interest ki ekkuva price petti konna vaalaki pedda loss raadu ani I feel.. They also saved rent for last 4 yrs..

People buying after 12 - 24 months will probably buy for 2020 prices at 5 - 5.5% interest

Huge Inventory is coming anna.. I think interest rates tagginchina..

inthaka mundu unantha demand undaka povachu because buyers have more options available now. 

[Sonu_Patel]

On 7/17/2024 at 7:08 PM, neneno1 said:

Dawsonville which is far from anything lanti remote places lo untu Atlanta gurinchi Nuvvu iche sollu and wrong updates. Me remote oorlo updates ani cheppu and Atlanta suburbs updates.

Atlanta suburbs lo market is great and still bidding for homes

look at this listing anna.. 100k price reduce chesaru chudu.

https://www.zillow.com/homedetails/3415-Andover-St-Cumming-GA-30028/352450329_zpid/

[Sonu_Patel]

Price history

Date	Event	Price
7/17/2024	Contingent	$725,000$223/sqft
Source: GAMLS #10322973Report a problem
7/12/2024	Price change	$725,000-6.5%$223/sqft
Source: FMLS GA #7405524Report a problem
6/26/2024	Price change	$775,000-6.1%$238/sqft
Source: FMLS GA #7405524Report a problem
6/20/2024	Listed for sale	$825,000$253/sqft

[Hitman]

23 minutes ago, Sonu_Patel said:

Price history

Date	Event	Price
7/17/2024	Contingent	$725,000$223/sqft
Source: GAMLS #10322973Report a problem
7/12/2024	Price change	$725,000-6.5%$223/sqft
Source: FMLS GA #7405524Report a problem
6/26/2024	Price change	$775,000-6.1%$238/sqft
Source: FMLS GA #7405524Report a problem
6/20/2024	Listed for sale	$825,000$253/sqft

Congrats! Bro. final gaaa 100,000 discount to konnav... You rock..

[Hitman]

27 minutes ago, Sonu_Patel said:

look at this listing anna.. 100k price reduce chesaru chudu.

https://www.zillow.com/homedetails/3415-Andover-St-Cumming-GA-30028/352450329_zpid/

Builder ఎవడు బాబు...  జగన్ అన్న కాలనీలో ఉండే ఇల్లు కన్న చౌకగా నిర్మాణం చేసాడు?? 

[Sonu_Patel]

32 minutes ago, Hitman said:

Congrats! Bro. final gaaa 100,000 discount to konnav... You rock..

anna.. nen konaledu.. ammindi friend valla friend.. he was motivated because 6 months back contract aepoindi.. he has no other option. 

[EyBisa]

Just now, Sonu_Patel said:

anna.. nen konaledu.. ammindi friend valla friend.. he was motivated because 6 months back contract aepoindi.. he has no other option. 

desi districi neede na bruh

[Sonu_Patel]

Just now, EyBisa said:

desi districi neede na bruh

one of the partner anna.. 4 members group unnam. 

[Sonu_Patel]

1 minute ago, EyBisa said:

desi districi neede na bruh

part time job kavala ba... 

[EyBisa]

Just now, Sonu_Patel said:

one of the partner anna.. 4 members group unnam. 

coming soon aah

[Sonu_Patel]

Just now, EyBisa said:

coming soon aah

September lo opening anna.. Work in progress.. 

2 locations open chestunnam.