Virginia Highland Real Estate Market - View Virginia Highland Real Estate Market Trends in Georgia

Winter 2012 Market Update The market is improving, sales activity is increasing, but prices are holding steady. Supply is not as ample as before and the deals closed last winter are harder to find but still can be had for the astute, qualified buyer ready to pounce quickly. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 404-909-2421
Average Home Price	$600,000 - View Graph Trend

Average Price Compared to Last Year	Down 15-20%

Average Time on Market	60-90 days

Best Selling Price Range	$550,000 - $599,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	Equal buyers and sellers

Buyer Activity for the past 90 days in Virginia Highland is	Increasing

Seller Activity for the past 90 days in Virginia Highland is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	Astute buyers who are familiar with the market will pounce on well-priced properties in good to excellent conditions. It is not uncommon for homes to go under contract within a week or two of its initial offering. Sellers are also more realistic with pricing and preparing their homes for sale, adding to the heightened buying activity.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	5-10%

Is Financing Available For Qualified Buyers?	Yes

Housing Inventory	Good supply - Some Prices

Inventory Comments	Although at first glance, it seems that an ample supply exists, when parsing a buyer's specific needs, sometimes only a handful of candidates will meet the criteria.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Virginia Highland continues to attract very affluent residents desiring to live in the City of Atlanta with good schools and parks. Many relocate from the suburbs, desiring a particular intown lifestyle with tree lined streets and pedestrian areas with shops, restaurants and nearby proximity to downtown. Some relocate from other major cities wishing to retain their original urban and close-in neighbrohood lifestyles. Virginia Highland has had relatively little foreclosure and short sale activity, owing its financial strength to the credit quality of its residents. Many are well educated professionals with advanced degrees. This area has always been one of Atlanta's most desirable and does not suffer from oversupply due to limited land within the city. Thus, Virginia Highland can withstand economic cycles better than many other areas.

Nearest Metro Area	Atlanta

Housing Hot Spots	Morningside and Lenox Park are considered part of the Virginia Highland area, which is the hallmark

Average Sold Price	$600,000 - View Graph Trend

Virginia Highland Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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