Atlanta’s real estate hot spots 2017
The residents of Cobb County have become increasingly worried about the prospect of higher property taxes. One of the main reasons for this may be the new SunTrust Park as more and more people become interested in owning a house in this area of town.
RE/MAX Georgia has indicated that Metro Atlanta’s real estate market continues to expand and grow rapidly as the home sales and price gains have failed to slow down and continue to show no signs of abating. RE/MAX has recently surveyed its brokers and analyzed a combination of data which has been provided by the local Metro Atlanta First Multiple Listing Service to determine which cities are in most demand. In this study, they found the following cities to be the biggest hot spots for 2017:
Smyrna- Smyrna is located 10 miles northwest of Atlanta in Cobb County. It is an excellent option for young buyers with its diverse neighborhoods, numerous amenities, and close proximity to the city. The figures also show that purchasing a home in Smyrna is a great investment as in 2015 the median home value was $292,000 while in 2017 it had risen to $320,375.
Chamblee- Located just 14 miles from downtown Atlanta, Chamblee describes itself as a “vibrant urban city with a diverse community and international flair.” The homes here are expected to move quickly as more and more homebuyers become interested in this area. In 2015, a new listing was on the market for an average of 40 days. However, in 2016 the numbers dropped to about 25 days on the market. These figures alone indicate that Chamblee will be an undeniable hotspot in 2017.
Cumming- For potential homebuyers that are seeking a small town feel this is the perfect spot. Cumming not only characterizes the small town feel that many know and love, but it also features amenities that appeal to young families. These amenities include water parks, playgrounds, playhouses, and fairgrounds that are home to multiple fairs each year.
The median home value in 2015 was $284,177. Meanwhile, in 2016, the price rose to $307,725 as more and more people seek to find a home in Cumming. Families continue to flock to Cumming every year in hopes of finding the home of their dreams and the school district is one of the very best in Atlanta.
Alpharetta- Alpharetta has always been a favorite for potential homebuyers. It was even ranked number 1 on Movoto’s “10 Best Atlanta Suburbs,” and it features excellent schools, shopping centers, recreation opportunities and new developments that are sure to continue to help Alpharetta grow.
The median housing price in Alpharetta in 2015 was over $366,250. However, the price has increased to $384,475 in 2016.
This study shows that the housing market in these cities will continue to grow and expand as more Millennials seek the perfect place to find their dream home.
|About The Author
While I am not a native Georgian, I have lived in Atlanta since 1991. I was born and raised in Brisbane, Queensland, Australia, then relocated halfway across the world when my family decided to open a business here in the United States. I have lived in the Atlanta metro area since coming to the States and know the area like the back of my hand. I have been licensed and selling Real Estate for over 15 years, and absolutely love my job! I truly enjoy working with people in the quest to sell their current home or purchase the perfect new home they´ve been dreaming of. When I first started my Real Estate career, I worked with one of the highest-producing teams at the largest real estate office in the state of Georgia. While I worked there, I was mentored by an incredible team of successful agents on the "P´s and Q´s" of real estate. It was a wonderful learning experience for me, and ultimately helped me become the dedicated, understanding, and knowledgeable agent that I am today.