Conrad Lyles Realtors

Haynes Manor Residents Turn Out for Peachtree Road Race

Greg Lyles — Tue, 31 Aug 2010 23:01:31 +0000

For the first time in twenty years, I found myself in Atlanta for the 4th of July. We jumped at the chance to grab a cup of joe and head to Peachtree Battle at Peachtree and join the Haynes Manor families in cheering on those obviously more motivated than myself!

Saturday Morning at the Farmer’s Market

Greg Lyles — Tue, 31 Aug 2010 22:51:38 +0000

Saturday morning found my wife and I at the St. Philips Farmer’s Market in the Peachtree Heights West neighborhood. A slice of pizza, some black-eyed pea salad, green tomato chutney and fig preserves later, it was a great way to spend the morning.

The food is locally grown by mostly organic farmers. There’s also wonderful bread and local cheeses. It’s well worth a visit.

Tuxedo Park Real Estate Report – August 2010

Greg Lyles — Tue, 31 Aug 2010 17:05:27 +0000

: Greg Lyles, Broker

The weather in August was certainly hot, even though the real estate activity in Tuxedo Park was anything but hot.

With 27 available homes, priced from $649,000 to $14,900,000 ($4,414,733 avg.), there is plenty for the well-heeled buyer to choose from. The problem is, those buyers are sitting on the sidelines as evidenced by the lack of pending sales in August. Only one home closed and then, only after substantial price reductions.

If you are trying to sell your home, or planning to sell soon, check out the Resources for Selling Your Home section of this web site. There you’ll find lots of useful articles that might just help you sell faster!

And, as always, if you have any questions about real estate, feel free to call me at (404) 841-9634.

Springlake Real Estate Report – August 2010

Greg Lyles — Tue, 31 Aug 2010 16:55:05 +0000

: Greg Lyles, Broker

Compared to many neighborhoods in Buckhead, Springlake didn’t do so badly in August. While real estate activity has been very slow this month, Springlake has about 6 months of inventory – an amount considered to be a balanced market.

There are currently 13 homes available in Springlake, priced from $269,000 to $959,000 with an average price of $595,300. There were two homes in August where the contracts reached a pending status, meaning they are closing soon. One of those, located on Monterey Drive, I listed.

And, as always, if you have any questions about real estate, feel free to call me at (404) 841-9634.

Peachtree Park Real Estate Report – August 2010

Greg Lyles — Tue, 31 Aug 2010 16:46:19 +0000

Greg Lyles, Broker

Real estate activity in the month of August was pretty soft for all of Buckhead and Peachtree Park was no exception. With a total of 29 available homes, priced from $319,900 to $999,500 ($535,920 avg.), there was only one home with a pending sale and one other that closed. Both of these homes were below the average price of the available homes.

And, as always, if you have any questions about real estate, feel free to call me at (404) 841-9634.

Peachtree Heights West Real Estate Report – August 2010

Greg Lyles — Tue, 31 Aug 2010 16:41:08 +0000

Greg Lyles, Broker

It appears as though the real estate market in Peachtree Heights West took the month of August and headed to the beach. Of the 17 homes available, priced from $599,000 to $11,750,000 ($2,652,647 avg.) there was no activity that resulted in a pending sale, nor were there any closings.

What is obvious is that virtually every listing in the Peachtree Heights West neighborhood has been through at least one dramatic price reduction and many have been through a few agents, trying to find that magic. My advice is make certain you are priced aggressively, review your agent’s marketing plan and make sure your house is staged for potential buyers. And a lot of patience doesn’t hurt, either.

And, as always, if you have any questions about real estate, feel free to call me at (404) 841-9634.

Peachtree Heights East Real Estate Report – August 2010

Greg Lyles — Tue, 31 Aug 2010 16:22:39 +0000

: Greg Lyles, Broker

It appears the real estate market took a cooling dip in the duck pond in August. While there are currently 14 homes available, priced from $345,000 to $1,650,000 ($729,414 avg.), there were no pending sales in August.

There were, however, two closings. The two homes sold quickly and very close to the asking price. That reaffirms the need for accurate pricing in this buyer dominated market.

And, as always, if you have any questions about real estate, feel free to call me at (404) 841-9634.

Paces Real Estate Report – August 2010

Greg Lyles — Tue, 31 Aug 2010 16:14:31 +0000

: Greg Lyles, Broker

“OK, people, move along. There’s nothing to see here.” That statement could easily summerize the real estate activity for the Paces neighborhood in August.

There were no sales, nor did any contracts from prior months reach a pending status – meaning they were prepared to go to closing. There are currently 16 available homes, priced from $715,000 to $10 million ($2,082,062 avg.). A few of the large speculative new homes being built in the neighborhood have been taken back by the lenders. There are others that undoubtably face a similar demise.

And, as always, if you have any questions about real estate, feel free to call me at (404) 841-9634.

North Buckhead Real Estate Report – August 2010

Greg Lyles — Tue, 31 Aug 2010 16:03:45 +0000

: Greg Lyles, Broker

With respect to the August real estate activity in North Buckhead, I have some good news. . .and some bad news. First the good news; North Buckhead led all Buckhead neighborhoods in sales for August.

Now the bad news; North Buckhead still has far too many unsold homes on the market – 82 to be exact. Of those, the vast majority is priced under $750,000 and most of those are priced under $500,000. Available homes range from $214,900 to $1,799,000 with an average of $757,480.

Four homes that were under contract from previous months had their contracts change to a pending status, meaning they are that much closer to the closing table. But at that rate of sales activity, North Buckhead is looking at more than three years of available inventory.

And, as always, if you have any questions about real estate, feel free to call me at (404) 841-9634.

Mount Paran-Northside Real Estate Report – August 2010

Greg Lyles — Tue, 31 Aug 2010 15:52:39 +0000

: Greg Lyles, Broker

In the Mount Paran / Northside neighborhood, August is the time most residents take off for the beach or the mountains. Obviously the home buyers did the same thing! Real estate activity in August took a holiday with only one home out of the 41 available becoming a pending sale. That leaves 40 homes still on the market, priced from $300,000 to $8,250,000, with an average price of $1,879,023.

There was one closing that occured during the month. I saw the house. It was gorgeous, had tons of amenities and was well-priced. No wonder it sold quickly.

And, as always, if you have any questions about real estate, feel free to call me at (404) 841-9634.