Atlanta Real Estate Market

Forbes Magazine defines living the “good life” in Atlanta as having a million dollar Buckhead home along with a another million dollar St. Simon Island vacation home, private schools for the kids, and two new luxury cars in your three car garage. Forbes calculates all this is very affordable with an average yearly income of $307,000.

Good life abounds all over Atlanta. We have our share of million dollar estates here in what’s called the Golden Triangle northern suburbs of Cobb, North Fulton and Gwinnett counties, but most of the sweet life is found in neighborhoods in the $200,000 to $400,000 range making Atlanta one of the America’s most affordable big cities to live in. We are close to the north Georgia Mountains, have Lakes Lanier and Allatoona in our backyards, and all the amenities of Atlanta just thirty minutes or so away.

Interest rates remain at record lows in Atlanta with no evidence of a real estate speculative bubble. Historically, Atlanta real estate appreciates at a 3 to 4 percent annual rate. This year, prices appear to be moderating as record-breaking new home construction keeps supply just ahead of demand creating an excellent buyers market here in the heart of Dixie.

Jimmy Herchek
REALTOR (R)
ZipRealty, Inc.
Licensed in Georgia
jimmy.herchek@ziprealty.com
Toll Free: 1.800 CALL ZIP x4930
Cell: 404.429.9528
Fax: 404.592.9084
My Profile: http://www.ziprealty.com/LH/4/15334