All Forum Posts by: Chad Carrodus

• TL;DR: Atlanta has no freaking inventory and the prices are skyrocketing. There's no slowing down in sight. Homes are being built everywhere to accommodate Atlanta's positive net migration.
• There were 7,849 closings for Residential Single Family Detached in July 2021. This reflects a decrease of 15% over July 2020.
• There were 1,632 closings for Residential Single Family Attached in July 2021. This reflects a decrease of 1% over July 2020.
• The average sale price for Residential Single Family Detached was $433,707 for July 2021 vs. $356,642 for July 2020.
• The average sale price for Residential Single Family Attached was $327,015 for July 2021 vs. $283,223 for July 2020.
  
  There were 49,618 closings for Residential Single Family Detached for YTD 2021. This reflects an increase of 6% over YTD 2020.
• There were 11,545 closings for Residential Single Family Attached for YTD 2021. This reflects an increase of 30% over YTD 2020.
• The Residential Detached Average Sales Price YTD through July 2021 was $409,966 vs. $329,904 for YTD 2020. This represents an increase of 24% for YTD 2021 vs. YTD 2020.
• The Residential Attached Average Sales Price YTD through July 2021 was $319,237 for YTD through July 2021 vs. $283,720 for YTD 2020. This represents an increase of 13% for YTD 2021 vs. YTD 2020.

Active inventory level for Residential Single Family Detached continues to drop with 8,373 active listings as of the end of July 2021 vs. 12,133 active Residential Single Family Detached listings as of the end of July 2020. This represents drop in active inventory for Residential Single Family Detached of 31%.

Active inventory level for Residential Single Family Attached continues to drop with 2,088 active listings as of the end of July 2021 vs. 3,629 active Residential Single Family Attached listings as of the end of July 2020. This represents drop in active inventory for Residential Single Family Attached of 42%.

Total Active Listings All Property Types

• July 2021 17,018
• June 2021 15,573
• July 2020 24,170
• There were 13,729 new listings entered for all property types in July 2021 vs. 13,055 new listings entered for all property types in July 2020. Total new listings entered for all property types in YTD 2021 was 86,787 vs. 83,247 new listings entered for all property types in YTD 2020.

Source: FMLS

Too much. Use Crexi and find a pal with a Costar login

My clients in Blue Ridge are absolutely crushing it. From tiny homes and treehouses to mansions in the mountains, there seems to be evergreen and expanding demand. Supply struggle to keeps up. 

I would advise you stay out of city limits -- try to go to unincorporated parts of the county. Little to no STR restrictions.

Hell yeah! I'm under contract to sell myself a listing that I decided to turn into an Airbnb. Six figure commission, plus it's an amazing investment opportunity. 

Leverage!! Money is cheap.

Exploring both routes currently. After some more research, these numbers definitely prove to be low.

Medspa. Thing is a cash cow!

This is the "LaRusso Mansion" that was actually used for Netflix's Cobra Kai. This show has a cult like following as we made national headlines when I listed it. I'm trying to run some scenarios with the owner...looking for guidance on projecting cash flow. Any insights, thoughts, ideas, or advice always welcome as well.

130 Woodlawn Dr 

**(link to listing above for reference/non promotional purposes only)

I ran an Airdna report for the address to give an understanding of the local market, but would love to hear insights on pricing given the uniqueness and potential market opportunity. 

@William Cohen - Hey William. I am in Atlanta and represent some different developers. May be interested in your project. Let's connect

The Atlanta area has a lot of similarily as it relates to a vibrant and fun culture, plus lots of clients are moving from CA to come here.