Union City, GA

Union City Sears Store Closing

I drove by the Union City Sears store today, and the sidewalk was lined with a couple of guys holding 'Going Out of Business' signs for Sears. Sears is the last anchor store and last store period at the Union Station Mall.

The Union Station Mall was local destination for nearby Union City and Fairburn residents anchored by Sears and Macys. The other retailers and food courts had to close their doors a year ago when it was discovered that the developer/owner of the mall had not paid its power bill. Georgia Power does not take too kindly to anyone not paying their power bill especially to the tune of more than $200,000.

Macys and Sears were initially determined to stick it out since they had separate agreements with the power company and their bills were paid. But it became extremely difficult to attract customers to their stores with such limited offerings. Macys closed earlier this year, and now Sears is waiving its white flag.

I briefly spoke with some of the Sears employees, and they stated they will not have a new work address via Sears once the store is closed. That is sad and a drag on the local economy.

I continue to admire the fight of Union City to push a positive image of the area and to make Union City a destination in metro Atlanta via free concerts and other activities.

Interested in Union City real estate? Foreclosures, short sales, you name it - give our office a call at 404 246 3210. We look forward to being of service to you!

Market Report - Union City GA - 2011 YTD Update - Single Family Homes - as September 5, 2011

Active Single Family Home Listings

As of today, September 5, 2011, Union City has 107 active listings ranging in price from $16,100 to $210,000. These single family homes have an average list price of $92,165 and have been on the the market an average of 128 days.

Sold Single Family Home Listings

Year to Date single family homes sold in Union City have been 156 listings. These sold homes were on the market an average of 81 days with an average sales price of $77,376. The high sales price $199,900 and the low was $7,500.

What's Selling in Union City?

Check out this huge HUD Home with over 2500 square feet of space on a full finished basement. Eight total bedrooms, four full bathrooms and one half bathroom. Asking price is $155,000.

What's Influencing the Real Estate Market in Union City?

While Union City has suffered the loss of one of major retail shopping centers in the region (Union Station Mall), the city continues to battle back and present itself as a great place for people to live. Yesterday the city sponsored a concert featuring the Commodores to bring residents together and introduce people to the area. Glady Night has opened another location of her popular restaurant 'Gladys' Chicken and Waffles' off of Highway 138. Union City is attractively located less than ten minutes from Hartsfield-Jackson International Airport, and there is access to the MARTA Bus Line.

Like so much of South Fulton, Union City has been hit hard with foreclosures and downward pressure on home prices which affects the city's real estate values. But the city still has a great location with lots of convenience and the desire to grow again. I expect to see property values rise in the next two to three years.

NOTE: Data is from Georgia MLS. Information is reliable but not guarateed.

South Fulton Real Estate - Union City 30291 - Checking the Numbers - Closed Sales

For the month of October 2010, Union City 30291, posted a 41% increase in the number of closed sales year over year. The numbers for October were only the third month in 2010 where results were better than 2009 in Union City 30291. The other two months were February and June, suggesting the affect of the Federal Tax Credit. Union City 30291 is a part of South Fulton and has a lot newer construction but also a lot of foreclosures. About 40% of new listings in Union City 30291 are foreclosures. The Union Station Mall, a central shopping point in Union City 30291, recently had the power disconnected in the food court and other non anchor stores. Macy's and Sears continue to be open in the mall. Home buying bargains still exist.

NOTE: This information was generated using Georgia MLS. The information is deemed reliable but is not guaranteed.

This is another that has been hit hard. The average price in the South Fulton area of Atlanta dropped 24% this past year. Over the past four years average prices have dropped from around $200,000 to around $120,000. There are a lot of foreclosures in this area.

I don't personally work this area but if you are interested in it, I have a few agents in my office who cover this area.

The number of sales has increased as prices have dropped. The last five months prices are remain flat after dropping dramatically during the previous 12 months. This might be a bottom for prices in this area.

The numbers below are for single family detached homes in FMLS area 33. Links to stats for other areas are at the bottom of the page.

Year over year, total transactions increased from 68 to 78 (+15%)

Year over year, average sales price decreased from $154,337 to $117,880 (-24%)

All data for graphs is taken from the FMLS statistics put out by Smart Numbers.

For other market areas as shown in the following map, please click on the links below.

All areas combined: Summary of all FMLS areas

Area 13: North Fulton, Alpharetta/Roswell West of 400
Area 14: North Fulton, Alpharetta East of 400
Area 131: Sandy Springs North of 285
Area 132: Sandy Springs Southe of 285
Area 21: Buckhead
Area 23: Midtown/Virginia Highlands
Area 31: South Fulton, West End
Area 33: South Fulton outside 285
Area 81: East Cobb, North
Area 82: East Cobb, Central
Area 83: East Cobb South
Area 72: South Cobb
Area 73: Cobb West Central
Area 74: Cobb West
Area 75: Cobb Northwest
Area 121: North DeKalb, Dunwoody
Area 41: DeKalb, Tucker
Area 42: DeKalb, Stone Mountain
Area 43: DeKalb South
Area 221: Forsyth East
Area 222: Forsyth Southwest
Area 62: Gwinnett, Duluth/Buford
Area 64: Gwinnett, Southwest
Area 161: Clayton County