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Land Sales: January 2012

01/31/2012 in Recent Sales

From now on, I’ll try to show a monthly or at least quarterly recap of sales. As you can see, not much is selling.

So, here is a recap of what actually sold in January 2012 in the Southern Crescent. Of course, there are sales that aren’t in this list, because they never were reported to GAMLS, but it gives you a good idea of the market and the potential value of your land. Of course, all information is believed to be accurate, but not warranted.

Full Street Address	City	County	Sold Price	Acreage	Price Per Acre	Closed Date	Market Time	Zoning
0 Winthrop Dr SE	Sharpsburg	Coweta	$35,900	25.32	$1,418	1/3/12	164	A/R
0 Hwy 100	Hogansville	Coweta	$49,187	14.9	$3,301	1/5/12	837	A/R
0 Misty Grove S/D	Eatonton	Putnam	$143,000	62	$2,306	1/6/12	210	A/R
0 Hwy 109 & Walker Rd	Meansville	Pike	$53,000	25.72	$2,061	1/24/12	82	A/R

Tags: 1031 Exchange, Acreage, Acres, agricultural, ALC, Atlanta, Bank Owned, Barnesville, Broker, Brokerage, Brooks, Building, Butts, CCIM, College Park, Commercial, Conyers, Coweta, Developed, Equestrian, EQUITAX, Fairburn, Farm, Fayetteville, Flovilla, For Lease, For Sale, Foreclosure, Forsyth, Griffin, Hampton, Horse Farm, how is the market doing, Hunting, Industrial, Investment, Jackson, Jenkinsburg, Jonesboro, Lake, Lake City, Lamar, land, Land Consultant, land value, Locust Grove, Lot, Lovejoy, McDonough, Mixed Use, MLS, Monroe, Morrow, Multiple Listing Service, Neighborhood, Newnan, Office, office space, Peachtree City, Property, Real Estate, Realtor, Realty, Recreational, Retail, Rex, River, Riverdale, Rockdale, Senoia, Sharpsburg, Shopping Center, South Fulton, Spalding, Stockbridge, Subdivision, Tax Deferred Exchange, Thomaston, timberland, Tracts, Turin, Tyrone, Union City, Woolsey, Zebulon Comments Off

by Wood Hughes

2011 Land Sales

01/31/2012 in Recent Sales

One, if not the most popular features of the newsletter “Added Value” was the list of representative sales according to GAMLS, the Georgia Multiple Listing Service. Most of the time I had to considerably edit it down because land was selling so briskly. The last year, I never had enough sales to fill the space.

So, here is a recap of what actually sold in 2011 in the Southern Crescent. Of course, there are sales that aren’t in this list, because they never were reported to GAMLS, but it gives you a good idea of the market and the potential value of your land. Of course, all information is believed to be accurate, but not warranted.

Full Street Address	City	County	Sold Price	Acreage	Price Per Acre	Closed Date	Market Time	Zoning
0 Riley RD	Flovilla	Butts	$75,000	49.55	$1,514	2/24/11	141	A/R
0 Grandma Branch Rd	Grantville	Coweta	$167,200	96	$1,742	10/11/11	461	A/R
0 Al Roberts Rd	Haralson	Coweta	$47,850	43.5	$1,100	12/29/11	307	A/R
250 Bear Creek RD	Moreland	Coweta	$186,788	43.95	$4,250	6/8/11	532	A/R
481 Bexton RD	Moreland	Coweta	$120,000	45.223	$2,654	2/8/11	36	A/R
0 Doc Perry RD	Newnan	Coweta	$180,000	10	$18,000	7/15/11	1	A/R
4921 Happy Valley Cir	Newnan	Coweta	$448,000	57.869	$7,742	12/20/11	518	A/R
0 Holbrook RD	Newnan	Coweta	$144,000	24.073	$5,982	4/29/11	214	A/R
11 Highland Acres Lot 11	Newnan	Coweta	$60,000	13.6	$4,412	2/7/11	67	A/R
750 Alex Stephens RD	Newnan	Coweta	$36,500	10.21	$3,575	1/14/11	24	A/R
0 Corinth Rd	Newnan	Coweta	$70,000	25.204	$2,777	11/17/11	373	A/R
0 Bertus Hunter RD Tr1	Senoia	Coweta	$44,000	13	$3,385	1/13/11	241	A/R
0 Rising Star RD	Brooks	Fayette	$200,000	19.7	$10,152	7/29/11	57	A/R
0 Hwy 85 Connector	Brooks	Fayette	$370,000	52.86	$7,000	8/25/11	554	A/R
114 Huckaby RD	Brooks	Fayette	$128,179	30	$4,273	4/25/11	164	A/R
1872 Highway 54	Fayetteville	Fayette	$725,000	40	$18,125	6/29/11	14	A/R
0 Old Senoia RD	Fayetteville	Fayette	$95,000	10.032	$9,470	3/28/11	196	A/R
215 Riveroak DR 14	Fayetteville	Fayette	$100,000	24	$4,167	1/21/11	6	A/R
205 Carter Dr	Mcdonough	Henry	$400,000	19	$21,053	5/20/11	286	A/R
0 Sea Shore Cir 14 LOT	Mcdonough	Henry	$17,050	16	$1,066	9/23/11	225	A/R
0 Harper Dr NE	Stockbridge	Henry	$74,002	10	$7,400	8/24/11	92	A/R
0 Piedmont RD	Barnesville	Lamar	$80,000	22.52	$3,552	6/16/11	387	A/R
0 Brothers CT	Barnesville	Lamar	$130,000	38.75	$3,355	7/1/11	23	A/R
0 Silver Dollar Rd	Milner	Lamar	$68,000	11.1	$6,126	9/1/11	45	A/R
0 Hunnicutt Rd	Forsyth	Monroe	$302,000	51.72	$5,839	9/14/11	193	A/R
0 Weldon RD	Forsyth	Monroe	$54,500	25	$2,180	3/11/11	0	SFR
0 Hwy 87 LOT B2	Juliette	Monroe	$90,000	18.83	$4,780	4/1/11	38	A/R
9185 Zebulon Rd LOT 1	Macon	Monroe	$62,935	12.84	$4,901	8/15/11	142	SFR
LOT BC Moore Rd BC-DE	Macon	Monroe	$62,775	13.95	$4,500	9/16/11	210	A/R
0 Friendship Cir	Concord	Pike	$34,900	16.5	$2,115	7/29/11	183	A/R
171 Pitts Rd SW	Meansville	Pike	$70,000	31.78	$2,203	4/8/11	113	A/R
0 Saddle Lakes Dr LOT 7	Williamson	Pike	$50,000	10.26	$4,873	4/29/11	26	A/R
0 Woodcreek Rd	Williamson	Pike	$60,500	15.12	$4,001	4/5/11	333	A/R
660 Lower Harmony Rd	Eatonton	Putnam	$105,000	15.53	$6,761	1/7/11	260	A/R
2920 Bonds Lake Rd	Conyers	Rockdale	$132,000	32.96	$4,005	8/3/11	273	A/R
290 Riveree Rd TR 11	Brooks	Spalding	$69,000	14	$4,929	4/1/11	63	A/R
1200 Rover Zetella Rd	Griffin	Spalding	$284,000	37.03	$7,669	12/30/11	92	A/R
273 Aerodrome Way	Griffin	Spalding	$83,000	14	$5,929	9/27/11	263	A/R
1006 Moore Rd NW	Griffin	Spalding	$140,000	39.47	$3,547	12/9/11	319	A/R
0 Bethany Church Rd	Williamson	Spalding	$185,496	112.81	$1,644	4/20/11	384	A/R
0 Hickman Fork/Barker	Thomaston	Upson	$121,280	60	$2,021	1/21/11	176	A/R

by Wood Hughes

Builder Confidence Rises for Fourth Consecutive Month in January

01/31/2012 in Development News, Economic Outlook

Builder confidence in the market for newly built, single-family homes continued to climb for a fourth consecutive month in January, rising four points to 25 on the NAHB/Wells Fargo Housing Market Index (HMI), which was released on Jan. 18.

The index rose in January to its highest level since June of 2007.

“Builder confidence has now risen four months in a row, with the latest uptick being universally represented across every index component and region,” noted NAHB Chairman Bob Nielsen.

“This good news comes on the heels of several months of gains in single-family housing starts and sales, and is yet another indication of the gradual but steady improvement that is beginning to take hold in an increasing number of housing markets nationwide — and that has been shown by our Improving Markets Index,” Nielsen said.

“Policymakers must now take every precaution to avoid derailing this nascent recovery,” he added.

“Builders are seeing greater interest among potential buyers as employment and consumer confidence slowly improve in a growing number of markets, and this has helped to move the confidence gauge up from near-historic lows in the first half of 2011,” noted NAHB Chief Economist David Crowe.

Even so, he said, “caution remains the word of the day as many builders continue to voice concerns about potential clients being unable to qualify for an affordable mortgage, appraisals coming through below construction cost and the continuing flow of foreclosed properties hitting the market.”

Derived from a monthly survey that NAHB has been conducting for more than 20 years, the HMI gauges builder perceptions of current single-family home sales, sales expectations for the next six months and the traffic of prospective buyers.

Scores from each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.

Each of the HMI’s three component indexes in January registered a fourth consecutive month of improvement:

The component gauging current sales conditions rose three points to 25, which was its highest point since June of 2007.
Sales expectations in the next six months also rose three points — to 29 — to the highest level since September 2009.
Traffic of prospective buyers was up three points — to 21 — its highest since June of 2007.

The HMI posted gains in all four regions in January, rising nine points to 23 in the Northeast, one point to 24 in the Midwest, two points to 27 in the South and five points to 21 in the West.

by Wood Hughes

House Judiciary Panel Approves Eminent Domain Bill

01/31/2012 in Government Watch

The House Judiciary Committee last week approved H.R. 1433, the Private Property Rights Protection Act, legislation that would penalize states that use their eminent domain powers to seize land for purposes of economic development.

Reps. Jim Sensenbrenner (R-Wis.) and Maxine Waters (D-Calif.) championed the bill in response to the U.S. Supreme Court’s 2005 decision in Kelo v. City of New London, which gave the government power to take land from one private property owner and transfer it to another to further economic development.

NAHB believes the Supreme Court’s interpretation of “public use” imposes almost no checks or balances on eminent domain actions by state and local governments, and it could allow the government to take undeveloped land and affordable housing and transfer ownership to another private property owner if there is a higher potential for revenue.

The legislation seeks to discourage state and local governments from using their eminent domain powers for economic development by prohibiting them from receiving federal economic development funds for two years after they exercise such authority.

Prior to the panel consideration of the bill, NAHB sent a letter to lawmakers expressing support for curbing eminent domain abuse while raising some concern over potential unintended consequences as a result of the bill’s narrow definition of “blight,” which could prevent the use of eminent domain in situations where there is true blight but no immediate threat to public safety or health.

NAHB is an advocate of protecting the private property rights afforded by the U.S. Constitution.

To view the legislation, go to http://thomas.loc.gov/ and enter H.R. 1433 in the box at the upper center of the screen.

For additional information, email Alex Strong at NAHB, or call him at 800-368-5242 x8279.

by Wood Hughes

Equifax: U.S. consumer debt down 11% in 2011

01/30/2012 in Economic Outlook

Atlanta Business Chronicle Monday, January 30, 2012, 10:12am EST

American consumers got better at repaying debts on time and also reduced significantly the size of their debts in 2011, according to Equifax Inc.

The Atlanta-based credit rating agency’s December National Credit Trends Report noted declines in delinquency rates among the majority of tracked lending sectors last year.

Cumulative U.S. consumer debt was $11.1 trillion at the end of 2011 — an 11 percent drop in debt from a peak of $12.4 trillion in October 2008.

The greatest improvement year-over-year was within the bank credit card lending sector, Equifax (NYSE: EFX) said. Sixty-plus days past due delinquencies were down 29 percent.

First mortgage 30-plus days past due rates fell 13 percent.

Retail credit card 60=plus days past due rates plunged 15 percent.

“The improvement in 2011 delinquency data, paired with consistent growth in loan originations in multiple sectors, provides truly positive momentum for the industry as we begin a new year,” said Michael Koukounas, senior vice president analytics for Equifax, in a statement. “More than 63 percent of all past due balances are from loans originated between 2005 and 2007, and as the industry continues to isolate and manage those vintages, I would expect to see continued improvement in delinquency rates as a result.”

Tags: 1031 Exchange, Acreage, Acres, agricultural, ALC, Atlanta, Bank Owned, Barnesville, Broker, Brokerage, Brooks, Building, Butts, CCIM, College Park, Commercial, Conyers, Coweta, Developed, Economic Outlook, Equestrian, EQUITAX, Fairburn, Farm, Fayetteville, Flovilla, For Lease, For Sale, Foreclosure, Forsyth, Griffin, Hampton, Horse Farm, how is the market doing, Hunting, Industrial, Investment, Jackson, Jenkinsburg, Jonesboro, Lake, Lake City, Lamar, land, Land Consultant, land value, Locust Grove, Lot, Lovejoy, McDonough, Mixed Use, MLS, Monroe, Morrow, Multiple Listing Service, Neighborhood, Newnan, Office, office space, Peachtree City, Property, Real Estate, Realtor, Realty, Recreational, Retail, Rex, River, Riverdale, Rockdale, Senoia, Sharpsburg, Shopping Center, South Fulton, Spalding, Stockbridge, Subdivision, Tax Deferred Exchange, Thomaston, timberland, Tracts, Turin, Tyrone, Union City, Woolsey, Zebulon Comments Off

by Wood Hughes

So, what’s the market doing in 2012?

01/26/2012 in Economic Outlook

This is one of those “good news and bad news” deals.

The good news is that a lot of the overage of foreclosed single family house inventory is being reabsorbed into the market and the leading indicators are that consumers are starting to feel confident that the overall financial system is finally stablizing.

Furthermore, all the commercial five year lease agreements signed in 2006, before the meltdown, have finally had time to be re-negotiated, or terminated. Therefore, there won’t be much more downward pressure on commercial rent rolls. Since the value and “crediability” of existing leases determines the value of a commercial property, those properties with tenants should be fairly stable equity investments for their existing owners.

The bad news? The Great Recession dropped the word economy very steeply, and although the US has replaced 3,000,000 jobs in the last two years, we had lost 4,000,000 in 2007 alone. What’s more, about 250,000 new job seekers came into the market each year since and that leaves a very large number unemployed with far less new jobs coming into the market to bring us back to close to the level we were at before.

In the Metro Atlanta area, all the Class “A” developed lots NOT build on, are now mostly Class “B” lots. The Class “B” and “C” lots are pretty much turning back to timberland with PVC forests stuck through them, and will remain so for the forseeable future.

So, what’s my read?

I suspect that the local economy will continue to bounce along the bottom, which I believe we have finally hit, until next January. After this fall’s election, I expect a rise in investment and increased activity to do a bit more than filling in the vacant spots in commercial zones. Therefore, I recommend that if you want to sell, now’s the time to get your property on the market and priced right so that the early buyers can find it easily.

by Wood Hughes

Growing Optimism for Housing Rings in the New Year

01/26/2012 in Development News, Economic Outlook

The new year has opened with a sense of growing optimism for housing.

Existing home sales climbed 5% in December while inventories dropped more than 9% to a 6.2 months-supply, down from 7.2 in November, which should help reduce downward pressure on home prices and increase confidence in the housing sector.

Single-family housing starts rose 4.4% in December to a seasonally-adjusted annual rate of 470,000, their fastest pace since the end of the home buyer tax credit program in 2010. This was consistent with recent improvements in builder confidence, as indicated by the NAHB/Wells Fargo Housing Market Index (HMI), which rose to 25 in January ― its highest level since the summer of 2007.

From an unsustainably high level in November, starts in buildings with five housing units or more fell 28% in December to a rate of 164,000 units, which was still 69% above the pace of a year earlier.

Although overall construction hiring slowed somewhat in December, 2011 is expected to be the first year since 2006 in which total hires exceeded total job losses in the construction sector.

Consumer prices and producer prices ― including building materials ― were both flat at the end of 2011, after increases earlier in the year.

The NAHB/First American Improving Market Index (IMI) has grown to 76 markets, many of which rely on health care and educational institutions for a solid economic base. As construction and other sectors continue to improve in 2012, the list of cities on the IMI is expected to grow.

And housing has been receiving attention from the Federal Reserve, which remains concerned over foreclosures, prices and tight credit conditions, even as improvements in multifamily building provides a boost to some areas.

Examining problems in the housing market ― including an excess supply of vacant homes, reduced availability of mortgage credit and an inefficient foreclosure process ― a Fed white paper concludes that restoring health to the housing market is necessary to promote a more robust economic recovery. While suggesting possible solutions, the paper indicates that there is no one policy that will accomplish this task.

Tags: 1031 Exchange, Acreage, Acres, agricultural, ALC, Atlanta, Bank Owned, Barnesville, Broker, Brokerage, Brooks, Building, Butts, CCIM, College Park, Commercial, Conyers, Coweta, Developed, Economic Outlook, Equestrian, EQUITAX, Fairburn, Farm, Fayetteville, Flovilla, For Lease, For Sale, Foreclosure, Forsyth, Griffin, Hampton, Horse Farm, how is the market doing, Hunting, Industrial, Investment, Jackson, Jenkinsburg, Jonesboro, Lake, Lake City, Lamar, land, Land Consultant, land value, Locust Grove, Lot, Lovejoy, McDonough, Mixed Use, MLS, Monroe, Morrow, Multiple Listing Service, Neighborhood, Newnan, Office, office space, Peachtree City, Property, Real Estate, Realtor, Realty, Recreational, Retail, Rex, River, Riverdale, Rockdale, Senoia, Sharpsburg, Shopping Center, South Fulton, Spalding, Stockbridge, Subdivision, Tax Deferred Exchange, Thomaston, timberland, Tracts, Turin, Tyrone, Union City, Woolsey, Zebulon Comments Off

by Wood Hughes

Watch “Transportation and a More Livable Future”

01/26/2012 in Ask An ALC, Development News, Economic Outlook, Government Watch, Property Tax Reduction

on WPBA Atlanta, Sunday, Jan. 29 at 9:30 a.m.

“Transportation and a More Livable Future” is the latest installment of the Atlanta Regional Commission’s quarterly public affairs television show. The show features a look at how local governments, ARC and others are planning for an Atlanta region that is as vibrant and promising 30 years from now as it is today. Viewers can learn more about the upcoming Regional Transportation Referendum on July 31. Studio guests include ARC Board Chair Tad Leithead, Norcross Mayor Bucky Johnson and Henry County Commission Chair B.J. Mathis who look at transportation and other factors that will shape the future of metro Atlanta. The show airs this Sunday, January 29th at 9:30 am on Atlanta’s WPBA Channel 30. preview…

Tags: 1031 Exchange, Acreage, Acres, agricultural, ALC, Atlanta, Bank Owned, Barnesville, Broker, Brokerage, Brooks, Building, Butts, CCIM, College Park, Commercial, Conyers, Coweta, Developed, Equestrian, Fairburn, Farm, Fayetteville, Flovilla, For Lease, For Sale, Foreclosure, Forsyth, Griffin, Hampton, Horse Farm, how is the market doing, Hunting, Industrial, Investment, Jackson, Jenkinsburg, Jonesboro, Lake, Lake City, Lamar, land, Land Consultant, land value, Locust Grove, Lot, Lovejoy, McDonough, Mixed Use, MLS, Monroe, Morrow, Multiple Listing Service, Neighborhood, Newnan, Office, office space, Peachtree City, Property, Real Estate, Realtor, Realty, Recreational, Retail, Rex, River, Riverdale, Rockdale, Senoia, Sharpsburg, Shopping Center, South Fulton, Spalding, Stockbridge, Subdivision, Tax Deferred Exchange, Thomaston, timberland, Tracts, Turin, Tyrone, Union City, Woolsey, Zebulon Comments Off

by Wood Hughes

Southern Crescent Millage Rates

01/19/2012 in Property Tax Reduction

	2007	2008	2009	2010
STATE	0.2500	0.2500	0.250	0.250
SCHOOL	20.0000	20.0000	20.000	20.000
HAMPTON (CO INC)	9.9800	9.8600	9.860	10.035
HAMPTON	0.0000	0.0000	0.000	0.000
LOCUST GROVE (CO INC)	9.9800	9.5580	9.558	9.803
LOCUST GROVE	0.0000	0.0000	9.240	0.000
MCDONOUGH (CO INC)	8.8200	8.3800	8.380	8.655
MCDONOUGH	2.4500	3.4500	3.450	3.450
STOCKBRIDGE (CO INC)	11.2000	10.7060	10.706	11.750
STOCKBRIDGE	0.0000	0.0000	0.000	0.000
COUNTY UNINCOR	11.2000	10.9690	10.969	11.750
WATER	0.0000	0.0000	0.000	2.000
HOSPITAL	1.0000	1.0000	1.000	1.000

Tags: Acreage, Acres, agricultural, ALC, Atlanta, Bank Owned, Barnesville, Broker, Brokerage, Brooks, Building, Butts, CCIM, College Park, Commercial, Conyers, Coweta, Developed, Equestrian, EQUITAX, Fairburn, Farm, Fayetteville, Flovilla, For Sale, Foreclosure, Forsyth, Griffin, Hampton, Horse Farm, Hunting, Industrial, Investment, Jackson, Jenkinsburg, Jonesboro, Lake, Lake City, Lamar, land, Land Consultant, land value, Locust Grove, Lot, Lovejoy, McDonough, Mixed Use, MLS, Monroe, Morrow, Multiple Listing Service, Neighborhood, Newnan, Office, Peachtree City, Property, Real Estate, Realtor, Realty, Recreational, Retail, Rex, River, Riverdale, Rockdale, Senoia, Sharpsburg, Shopping Center, South Fulton, Spalding, Stockbridge, Subdivision, Thomaston, timberland, Tracts, Turin, Tyrone, Union City, Woolsey, Zebulon Comments Off

by Wood Hughes

Welcome to Added Value: The Blog!

01/18/2012 in Spit & Whittle

It’s a great leap of faith for me to finally start up a Blog. It’s always seemed to me the ultimate in personal ego to think that folks on the Internet will wander into my little thoughts and actually be interested enough to stick around.

However, I’ve been convinced that the bimonthly newsletter I used to mail out got such a great reception, that moving that kind of content to a blog page was a viable experiment. So, here it is.

If you’re interested in Georgia land and commercial investment property news, you should stick around. Also, I find that gardening tips are of interest to my readers, so I’ll be posting those on a regular basis as well. Anyone that knows me, knows I have a bit of a quirky sense of humor. That too, should show up in this format. Let me know what you think.

Oh, by the way. Let me post some legal stuff. My Georgia Real Estate Brokers license number is 139446. My Brokerage license number is H-58293.

Added Value: A Blog Newsletter

You are browsing the archive for 2012 January.

Land Sales: January 2012

2011 Land Sales

Builder Confidence Rises for Fourth Consecutive Month in January

House Judiciary Panel Approves Eminent Domain Bill

Equifax: U.S. consumer debt down 11% in 2011

So, what’s the market doing in 2012?

Growing Optimism for Housing Rings in the New Year

Watch “Transportation and a More Livable Future”

Southern Crescent Millage Rates

Welcome to Added Value: The Blog!

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