The following information is based on single family detached residential properties (see chart below).
The number of Pre-Foreclosure Notices advertised in Metro Atlanta totaled 80,195 in 2010, down to 62,058 in 2011, and dropped to a 3 year low of 42,691 in 2012. Foreclosures also shrank from 27,112 in 2010 to 12,665 in 2012. These event types represent potentially negative pricing pressure on a given market as eventually these properties can migrate into either short sales or bank owned sales. This trend downward is a positive sign for the residential real estate market and homes values.
On the demand side of the equation, from 2010 through 2012 there were a total of 141,742 sales in Metro Atlanta. It is important to differentiate the seller types that make up this data component. 57,952 sales were bank/government owned properties while 83,790 sales were Market Sales. 40% of all sales were bank or government owned properties in Metro Atlanta from 2010 through 2012.