Sales Expand As Housing Inventory Shrinks in Northern Georgia
Posted by Jeff Aughey on Monday, April 1st, 2013 at 5:00pm.
Local sales soar as sellers flex a little muscle and buyers are willing to navigate multiple offers and consider houses that were bypassed for several years. Spring 2013 is shaping up to be a complete change from the sluggish sales experienced since the housing bubble burst in 2008. Low inventories of houses available for sale has pumped up the market demand, while low interest rates have attracted buyers. Here's what's happening locally: Although brick siding is the preferred exterior for most houses in this area, the least desired siding (stucco) is seeing a bump, according to a local home inspection company. Medallion Inspections has seen a dramatic increase in the number of stucco sided homes they have been asked to inspect for home sales over the past few months. Edgebrook, (a subdivision in Cumming Georgia, in South Forsyth County) may sell out the entire 66-lot inventory as soon as it opens for sale to the public. Last weekend, 22 of the lots sold in the first weekend they were available by appointment. Additional appointments are already scheduled for the upcoming weekend and the following week this development by national home builder Lennar, will open for sales to the general public. They expect the development to sell out in days. The general public in and around North Fulton County, Georgia seems to have acclimated to the current economy and is no longer playing "wait and see" before making the move to buy or sell a house. If you are ready to take advantage of the current interest rates -- before they begin to climb -- call me to discuss the houses currently available in the areas and school districts you desire.