Now Selling: New Homes in Atlanta’s Exurb Communities
ATLANTA, May 2, 2012 /PRNewswire/ — There are signs of life in the Atlanta new homes market, even in the exurbs. According to Eugene James, a director with MetroStudy, “1Q12 quarterly new home starts are up 38% from last year, and inventory is depleted in various parts of Atlanta.”
Evidence of the improved consumer outlook can be seen at the Village of Waterside, a Bartow County community that overlooks Lake Allatoona, where lot sales have picked up considerably. The community has sold nine lots since August 2011. This is very exciting since lot prices in this custom home community range from $80,000 to $275,000. Ed Brush, developer of Waterside states, “This is particularly exciting because according to FMLS, only 20 lots total have sold in Bartow County during this same time period.”
Homebuyers at the Village at Waterside have proven that there is still demand for quality regardless of the exurban location. “The Village at Waterside offers the perfect blend of lake living and city convenience,” stated Brush. “Our unique location has allowed us to achieve great success in spite of the market. Buyers come here to enjoy unparalleled amenities and affordable pricing on beautiful lakeview lots.”
Homebuyers like Michael and Charlotte Bennett have taken advantage of the tremendous deals at Village at Waterside. The couple purchased a lot with views of the lake in June 2011 and are now in the process of building a permanent residence at the community. They have already sold their home in East Cobb and are preparing to move this August.
“We’ve always wanted a home with views of the lake,” Michael Bennett said. “Village at Waterside is well-maintained and offers everything we could ask for. And with the LakePoint Sporting Community and Town Center being built three miles away, we’ll have access to even more great amenities.”
Other developments in the exurbs are also seeing improvement. For instance, Windsong at Seven Hills in Paulding County recently experienced a bidding war on one of their homes. This high demand has been unheard of for a few years, but will become more prevalent as new home inventory continues to be depleted in sought-after areas of metro Atlanta.
SOURCE Atlanta Real Estate Forum