Spring is right around the corner, and veteran agents like myself, start preparing far in advance in anticipation of the influx of buyers and sellers. This advanced preparation is essential for me and allows me to expose my clients to the best opportunities and options in the market.
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As we move into February, the Real Estate market seems to be stabilizing along with rates. I am seeing buyers and sellers with renewed interest as spring approaches.
As we stabilize and look to the year ahead, I wanted to share with you some developments, neighborhoods, and ideas to help you find good long-term value and investments in our Atlanta market.
Below are four opportunities to keep an eye on and potentially explore as your next real estate move.
Are you looking for the next up-and-coming neighborhood in Atlanta? If so, put Blandtown on your radar.
Blandtown is anything but bland; the name comes from the original owner of the land, the Bland family. Blandtown is located on the Upper Westside off Huff Road between Marietta and Howell Mill.
I’ve written many times about the evolution of the Westside, and I believe Blandtown will follow the path of many other pocket neighborhoods in Atlanta that have become household names like Cabbagetown and Kirkwood.
Some new housing developments are sprouting up in the neighborhood and I will be on the lookout for unique buying opportunities for this year.
Centennial Yards is the $5 billion urban revitalization project near Mercedes-Benz stadium. It’s expected to feature 8 million square feet of commercial and residential space.
Recently, they broke ground on the first development phase, a boutique hotel and apartment tower.
The Junction Krog District brings Old Fourth Ward and Inman Park together on the Beltline’s Eastside Trail. The development will house office space, shared outdoor space, and restaurants.
I believe this development will be a spectacular urban living boost and one more reason to love beltline living.
The neighborhoods surrounding these developments will be excellent long-term investment choices if you are in the market for a new home. Now is the time to start looking.
As you read above, with the development of Centennial yards, downtown development is booming. There’s a planned $4.5 Billion in new investment going into downtown and surrounding neighborhoods. I’ve been bullish on downtown and the surrounding neighborhoods, and it appears to all be coming together as a place to live and work in the future of Atlanta.
Here are some of the notable projects underway:
Five Points MARTA transformation. $150 million will be invested in the MARTA hub to make it more accessible.
Underground Atlanta. Plans are underway to develop and improve this destination to make it more accessible and modernized.
South Downtown. $100 million has been invested in the buildings along Peachtree to be part of a large revitalization project that will include new retail, office, and residential spaces.
This is the year to get ahead of the curve and take a serious look at home-buying opportunities Downtown.
If you have followed my blog and newsletter for any length, you know that I don’t see us having any meaningful slowdown in home prices. Yes, we have seen some short-term fluctuations and pullbacks due to increased rates, but these fluctuations have been minimal in the Atlanta market, and the overall trend is still up.
We have solid population and economic growth but insufficient residential inventory to meet long-term demand. Therefore, I don’t see a significant crash in the Atlanta residential real estate market short of a black swan event.
For this reason, people trying to time the market is on my list of things to watch. I suspect many are doing this right now hoping for the best change in rate and price.
I hold a contrarian point of view, which is not to time this market because once people realize that this interest rate environment is the new norm, they will come back in full force and push prices up quickly.
Overall I couldn’t be more excited about Atlanta this year. So many big new urban developments are taking place that I believe will present a lot of new opportunities for buyers and sellers.
Likewise, I believe that if you do plan to make a move this year then now is the right time to start looking and potentially buy. I believe home prices will continue their upward trend this year given everything the city has going for it and which I’ve been discussing for the last several months.
If you’re looking for a home and are ready to see what the market has to offer in some of the up-and-coming areas and unique opportunities of urban Atlanta then please don’t hesitate to contact me.
The past three years have been challenging for Atlanta homebuyers. With limited inventory and rising prices, it’s been a seller’s market.
However, we are slowly shifting back to a balanced market where buyers will have more choices and less competition.
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If you are trying to decide whether or not to sell your home right now, you’re not alone. Many of my clients are asking me this same question. Undoubtedly, some unpredictability in the market may be causing sellers to pause, but this still could be an excellent time to sell.
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With mortgage rates rising to the highest levels seen since 2009, some contraction in demand is expected this year.
However, I am still optimistic about the Atlanta residential real estate market. Growth and development can be seen throughout the city, yet the supply of residential real estate remains at record lows.
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Are you planning on purchasing a home in Atlanta this year?
If so, you’ll want to read this.
In order to save money, many clients ask me if it’s better to buy a fixer-upper in this market where home prices are high.
In certain conditions a fixer-upper could be a good option. But in the current economic and residential real estate environment a move-in-ready home may be your best choice. Read on to learn why.
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My story has been consistent over the last several months. It’s a competitive market in favor of sellers.
However, to be competitive and maximize the value of your home you have to have what buyers are looking for.
Here are the top 4 upgrades buyers are looking for when buying a home post-pandemic.
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Home prices continue to make all-time highs. Should you be concerned about purchasing a home at current prices?
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As you know, the housing market has been robust over the last six months. Redfin just reported that home prices had increased another 15% as of October 23rd, and 56% of its homes for sale went through bidding wars.
Much of this has to do with lower supply and higher demand, coupled with extremely low-interest rates.
So what should you do if you are in the market to buy? Should you wait and see prices level and supply increase? Or should you commit as prices continue to increase?
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New home construction is on a terror surging 22.6% in July.
Mortgage rates hit a record low in August of 2.88%.
If you are considering a new home, now is the time. Prices continue to rise back up to pre-pandemic levels and demand is rising with it, as seen with the surging new construction.
But right now we are in one of those rare moments where pricing is still leveling and interest rates are unbelievably low.
Carpe diem!
With that being said, here are my top four tips for getting the home you want right now?
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