Are Atlanta Homes Sizzling or Fizzling?

There are a lot of interesting properties on the Atlanta market right now. In the heart of the city, near Buckhead, properties have an asking price of $200+ per square feet. A short distance away from the city, $170 per square feet is the usual asking price for a completely renovated place.  And in other zip codes, like 30331, you get get a huge house for $70 per square feet.

So how do you choose which area? Assuming the schools are decent in the lower priced areas, research homes that are ten years older than the house you are considering. If those homes are competing well against new homes, then you may have found the perfect area.

One of the other key things to consider when buying a home are obviously the comps, but also evaluate the current listings. How many views does each listing get? How long has it been on the market? How many times has the seller relisted or changed the asking price? If the listing shows how many people have favored it, does it get 10% of the viewers to star it?

The ones that have buyers showing real interest are the type of homes that resell quickly. If European or Mediterranean or traditional homes show higher behavioral rates than others, be sure to consider those types of home first.

 

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