Some Easy Real Estate Markets Around AtlantaPosted on September 2, 2013 by
Though recent signs have pointed to a lessening of the ongoing housing inventory crunch, many markets in the Atlanta metro area are still experiencing shortages of homes for sale. With consistent reports of inventory overall declining in the metro area, we found some bright spots. Using REIAComps helps to quickly see the number of sales and the best prices to buy year over year.
By looking at REIAComps valuation data, we were able to identify the top five markets experiencing unique growth making them the easiest metro Atlanta markets to crack.
5) Locust Grove: The City of Locust Grove derived its name from a grove of locust trees that could be seen throughout the town. Locust Grove was a major rail distribution center for cotton, peaches, and other farm products. In 1870, the first store was built and since that time many new businesses have moved to Locust Grove and is the reason for it being a warm market and easy to crack.
4) Griffin: Downtown Griffin is the historical, cultural, and government center of Spalding County. Griffin offers citizens and visitors the pace and charm of small town living with convenient access to the heart of the South, located only 40 miles south of Atlanta. Recently, downtown Griffin features retail and restaurant attractions as well as commercial office space and residential units for citizens and visitors interested in experiencing a live/work/play environment. These convertible spaces are ripe for investment and redevelopment.
3) Acworth: Inventory in this North West Atlanta Suburb city grew 4.79% over the last 12 months while prices declined by 1.34% to their current median level of $129,950, landing Acworth its number three slot in our list.
2) Braselton: The town of Braselton has the unique characteristic of being located not only in Jackson County but also spanning into three additional counties. This dynamic community is the home to the world class amenity, Chateau Elan Winery and Resort which attracts more than a half a million visitors a year. The adjoining golf and residential community has thrived as part of Braselton. Add to this the strong business location on the I-85 business corridor and you have a premier live, work, and play community which boasts an excellent quality of life making it two on any investors list.
1) Dacula: Coming in at number one on our list of top easiest markets to crack is the growing industrial and business hub along Hwy 316 in route to Bulldog football games, Dacula. Listings shot up over 10% year over year, by far the highest increase found around the metro area. Prices have eased up 4%, making this town the top easiest market to crack.
You may find, there are some other bright spots across Atlanta where the number of units are growing, enabling buyers in particular to enter the market more easily than in other metro area towns where inventory remains low. Using REIAComps makes the effort far more easy.