Atlanta Housing Inventory is Shrinking

We recently attended a Builders Council Meeting of the Greater Atlanta Home Builders Association where MetroStudy provided a market update of the Atlanta real estate market.   Here are some interesting facts that were provided:

  • In “active” new home subdivisions (active = at least 1 sale in past 12 months), there is a 2.7 month supply of available completed homes.  There are a total of 15,000 lots in these “active” subdivisions.  At the current sale pace there is a 31 month supply of remaining lots and then all active subdivisions will be sold out.
  •  In the best areas there is less than a 2 year supply of vacant developed lots!
  • The median sale price of a new home in Atlanta is $248,000.
  • The bulk of all building is happening in Gwinnett, Forsyth, N Fulton, Cobb and South Fulton.
  • In the resale market, there is a 3.1 month supply of homes across all price points.

Epic Development is currently building in Buckhead, Lynwood Park, Brookhaven, LaVista Park, Old Fourth Ward, Ormewood Park, Decatur, Candler Park, Oakhurst, Sandy Springs and Virginia Highland.   View all the details of our current listings here.  For more information about homeownership or real estate investment in Atlanta call Jim LaVallee at 404-847-9080 or write Jim@EpicDevelopment.com. For more information about commercial real estate operations or investment visit EpiCity.com.

 

2013-02-25T18:48:58+00:00 February 25th, 2013|Uncategorized|