The Atlanta real estate market sailed through the national real estate slowdown of 2006 without significant price reductions or housing inventory increases. Unlike many areas, the real estate market in Atlanta did not realize the unsustainable home appreciation found in other real estate markets around the country over the past several years and thus many buyers did not feel home values to be out of line with the cost of living as home prices had become in many other areas.
Atlanta real estate presents an exceptional value for real estate in a major metrpolitan city. In fact, Metro Atlanta is the ninth most populous metropolitan city in America and the cost of living is about 50th. What this means for you is that your money will go farther for Atlanta real estate than it will in most other major U.S. cities.
The Atlanta luxury real estate market remains strong and new home construction permits are equal to 2006. Within Atlanta there are several areas with a predominance of luxury homes. Buckhead, Decatur, Sandy Springs and Alpharetta are the most significant areas to find luxury real estate and these areas also have excellent public schools. Sandy Springs, in particular, has continued to have the strongest luxury real estate market since the city incorporated in 2005. Lower taxes, an excellent location and responsive city government are the main reasons for the strength of the Sandy Springs luxury home market.
Authored by Ryan Ward,
If you would like to learn more about the Atlanta luxury real estate market, contact Ryan Ward at 404.630.3187 or visit the Atlanta Real Estate website.
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