Athens Area Real Estate

Athens, GA Real Estate Review | 2023

We have found that people have very contrasting opinions on home prices in the current market. Many feel that prices are coming down due to the higher interest rates while others believe that prices are rising due to the low supply of homes for sale.  The truth is, prices are still going up but not as fast they were in 2020 and 2021.  For example, in 2020 the average home price in Clarke County was $258,000. By the end of 2022, the average home sale price was $356,000 representing a 38% increase in just two years.  As of November 30th, the average home sale price in 2023 was $377,000 which represents a 6% increase from 2022 which is more in line with historical rates of appreciation.

What Do We See in the Real Estate Market Today?

Due to the rapid appreciation of real estate and a higher interest rate climate these days, everyone has an opinion about the real estate market- some good and some bad. The market is different today, but not in the ways most people think. Here are some questions our agents have been receiving along with our response.

The Impact of Inflation on Mortgage Rates

If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know.

What Are the Worst Things About Selling Your Home?

Before you let anyone view your home or even know your home is for sale, it is a good idea to get your home ready for the market and for showings. This can be an expensive and time-consuming task.  Some people in this world can keep their home in immaculate condition most of the time, but your typical homeowner has a hard time

1031 Tax Deferred Exchange

A 1031 Tax Deferred Exchange is sometimes mislabeled as a tax-free exchange.  The initial thing you should understand is that the taxes are deferred, not removed.  This is probably the biggest misconception of a 1031. The term “1031” comes from the section of the IRS internal revenue code where the rules and regulations are outlined.  In general terms, a 1031 Exchange is when someone sells an investment property for a financial gain and instead of immediately paying taxes on the gain,

Buying or Selling a Condo in Athens, GA

When looking to buy a condo in Athens, GA, working with an experienced real estate agent like Scott Talley can be a game-changer. Scott is a licensed real estate agent who has worked in the industry for several years. He has an in-depth understanding of the Athens real estate market, and he can help you find the right condo that meets your needs and budget.

Want To Sell Your House? Price It Right.

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains:

What Happened to Home Prices in 2022

There is a lot talk about decreasing home prices, and while it might technically be true in some cases, it does not tell the whole story. What we are seeing in our area is a roll back from the height of March and April.  Keep in mind, this is not universal.  Several areas have seen no roll back on price whereas others are seeing prices come down anywhere from 5% to 10%.  Look at the graph pictured here.

What’s Ahead for Home Prices?

As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most likely to happen moving forward? … Read More

What’s Actually Happening with Home Prices Today?

One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture.

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