Price it right and they will come in droves! A Buckhead Home Sale Story – January 2012

Price it right and they will come in droves! A Buckhead Home Sale Story – January 2012

While it is true that 2011 was still very much of a buyer’s market, as Tim Francis Realty starts 2012 we are seeing trends that show parts of metro Atlanta housing are already in recovery. Prices are stabilizing, demand is high when a good property comes on the market, and homes are going under contract quickly.

Tim Francis Realty was happy to offer this lovely Buckhead / Brookhaven home for sale in early December 2011. Within the first week on the market, we had very strong showing demand (like something you would see in 2006) and a solid offer on the home. Now, just six weeks later, we’ve had a successful closing on this Buckhead Home.

Interestingly, the house was NOT a short sale or foreclosure. It was a regular sale of a 10 year old home. This lovely home was meticulous, offered at a reasonable price point and ready for a new owner. The change in market from last January to today is significant. Overall inventory for the Buckhead / Brookhaven / Sandy Springs area is down to levels of 2001. Demand for homes is high, as there are a number of buyers looking for the right home to come on the market for them.

Even while under contract the home had multiple showings with the knowledge it was under contract. During closing week, the home had more phone calls for additional showings. Real estate is completely local. Tim Francis Realty believes Buckhead & Sandy Springs in early 2012 is already stabilizing and ready to rebound.

What real estate trends are you seeing in Buckhead and Sandy Springs?