Atlanta in Top 12 Cities with Increasing Home Prices

midtown skyline

Kiplinger recently released a report documenting the top 12 cities where home prices have increased the most, and Atlanta made the list with a 17.4% increase in home prices over the last year.  Overall, home prices in the United States increased by 6.8%.  The article documented additional positive economic news for the area including 30 consecutive months of positive job growth.  Steady job growth has increased the demand for housing in Metro Atlanta.  The area is still a very active investor market though.  Homeowners have had to compete with investors resulting in multiple offer situations and increased sales prices for sellers.  

The supply of new homes may increase quicker in Atlanta than elsewhere because of the number of available finished lots that are ready to build on.  Single family detached housing starts doubled in the fourth quarter of 2012 compared with the year before.  

Other cities that made the list include Boise, ID, Santa Rosa, CA, San Francisco, CA, Reno, NV, Sacramento, CA, San Jose, CA, Seattle, WA, Las Vegas, NV, Bremerton, WA, Salt Lake City, UT, and Phoenix, AZ. 

Epic Development is currently building in many Intown neighborhoods including Brookhaven, Buckhead, Decatur, LaVista Park, Oakhurst, Old Fourth Ward, Ormewood Park and Virginia Highland.   View all the details of our current listings here.  For more information about new construction  in Atlanta call Scott Eaves at 404-518-3820 or write scott@EpicDevelopment.com.  For more information about commercial real estate operations or investment visit EpiCity.com.

2017-08-29T17:44:28+00:00 June 19th, 2013|Economic News|