Smart Numbers
When it comes time to talk about statistics in the Atlanta Real Estate market the person you talk to is Steve Palm of Smart Numbers. For years Mr. Palm has been providing builders, developers and even the listing services in the Metro Atlanta area with statistical data and accurate forecasts.
Atlanta Real Estate Sales Heading Up
I had the privilege of attending a meeting yesterday were Mr. Palm was the featured speaker. He pointed out some interesting statistics about the Atlanta market. For the entire Atlanta market the last 2 months have shown an upturn in residential sales. This upturn has been fueled primarily by the resale segment of the market. Mr. Palm anticipates a quicker recovery from the resale segment than from the new construction side of the market. He bases this forecast on the fact that there are approximately 14 months of inventory for new construction versus approximately 10 months of inventory in the resale segment. In addition to the inventory status, due primarily to land prices and building materials escalating, the pricing structure of new construction has far exceeded the price appreciation in the resale market.
Atlanta’s Golden Triangle
One area that was pointed out in his talk as being a prime real estate area in the Atlanta Market is the area he referred to as "The Golden Triangle". I really liked hearing this information as this is my primary service area. This area encompasses parts of Gwinnett County, Fulton County and Forsyth County. The primary reason this area is so highly thought of in Mr. Palm’s eyes is due to the transportation arteries. The Golden Triangle, as it is referred to, is outside of Interstate 285 and is between US Highway 78 and Ga. Highway 400. What separates this area from other segments, and makes it so special, are the 7 major arteries for the area; Highway 78, Ronald Regan Parkway, I-85, Highway 316, I-985, Peachtree Industrial Blvd. and Highway 400.
I have to say that I agree with Mr. Palm’s assessment of the area. For those of us that live in the area we can tell you that not only are we fortunate to have these transportation arteries, but we also have some of the best schools in the entire Greater Atlanta area.