Archive for October, 2009

Blank the Falcons Stadium Demands…

Arthur Blank is at it again.  He is making noise about wanting a new stadium for the Atlanta Falcons to play in.  And to that extent, I have no issue with it…

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Gwinnett Could be Getting HOT…

750 mm by 1050 mm (30 in by 42 in) Preferentia...
Image via Wikipedia

Almost everyone is familiar with the HOV (High Occupancy Vehicle) lanes on I-85.  They have been in operation for several years, and run all of the way from downtown Atlanta to the area of Old Peachtree Rd in Gwinnett County.

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Gwinnett Area Home Values Stabilizing???

According to one of the latest reports from RIS Media and (argh), for the first time since the middle of 2006, home values on a national level remained relatively flat on a month-over-month basis.  Values were seen to decline minimally from July 2009 to August 2009.  This annual change in home values for the U.S. was -7.6% in August and the Zillow Home Value Index dropped to $191,200, its lowest level since April 2004.

Sixteen of the top 24 markets have had three or more consecutive months of month-over-month gains in home values. Three of the 24 markets have had six months of consecutive monthly gains:  The Atlanta Market has had five consecutive monthly gains and overall our values have not decreased as much as other large metro areas.

My opinion is that with the current market conditions in the Atlanta region as well as our lack of overall decline, we should not see as large a continued decline in the Atlanta area. Pricing should start to stabilize by Q1 2010 and the Q2 sales and pricing will see a good increase over the past 3+ years.

The belief is that we will see on a National level that September might actually turn in a positive month-over-month change in home values but the detractors fear values are expected to start dropping again, and are expected to keep dropping until sometime in the spring of this coming year.

Once this were to happen most if not all believe that we will have reached a true bottom in home values nationally in Q2, 2010.

Here is a table from the RIS Media site and Zillow that I found interesting.


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Madison Heights Subdivision OPEN House(s) Sunday October 18th, 2009

cropchangemattDiamond Dwellings Realty is super excited to be holding five open houses this Sunday, October 18th from 1-5pm at the newest inventory located in the Madison Heights subdivision in Snellville Georgia. These are brand new homes that are priced to sell and are located in the highly sought after Gwinnett County School District.

Current pricing ranges from the mid $300k range to the mid $400’s.

Special financing is available and the owner is looking for offers. Now id the time to buy before price increases which are coming. Do not miss this opportunity to buy a new home in Madison Heights. Prices and availability will not last.

Call us for more information on these once in a lifetime values.$sign

Matt Hermes


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Stone Mountain Highland Games this weekend

a man and his caber

Each year, during the third weekend in October, Scots gather in the meadow at Stone Mountain Park.  For 37 years the Stone Mountain Highland Games have not only provided cool athletic competition, but also a great musical performances and social interactions.

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