One of our agent, Linda Kostura, will be hosting open houses at the Baxley Ridge community this Sunday October 16th at 2pm – 5pm. This is Suwanee’s Premier New Home Community located very close to the Suwanee Town Center and in the great Peachtree Ridge School District. These are all must see new homes ranging from $219,000 – $254.900. They’re all 4 bedroom homes with either 2.5 baths or 3 baths with recently been reduced prices! Go and check these out, you won’t want to miss out on these amazing properties!
Address:
Baxley Ridge Drive, Suwanee GA, 30024 and Baxley Pine Trace
This Sunday, October 9th, there will be an open house at the 4 properties that we have for sell in Old Covered Bridge. Stop by between 2pm and 5pm to see these great homes. For a price as low as $77,450 you can own a new home!
This Saturday, October 8th, there will be an open house at the 2 properties that we have for sell in Strawberry Fields. Stop by between 2pm and 5pm to see these great move-in ready homes. Fully upgraded, hardwood throughout and a great open feel and flow. For the low price of $149,900 or $159,900 you can have one of these dream homes!
We are hosting Open Houses all over the Addison Glen community this Saturday and Sunday. We will be showing 8 homes over the weekend. All Open Houses will be held 2-5 on October 15th and 16th. Don’t miss your chance to see these newly constructed homes! 3 to 5 bedrooms and 2.5 – 4 baths. Houses range from $189,900 to $245,900. Great homes with amazing value!
Located in the sought-after area of Smyrna / Vinings, Sherwood Park offers Atlanta real estate buyers a tremendous value. New market pricing is now available from the mid $200,000s and home buyers can save $50,000 to $60,000 on inventory homes. The new pricing has spurred pre-sales of new single family homes on choice home sites. Some basement home sites are even available.
Keller Williams BRIGHTSTAR is the new sales team for Acadia Homes and Neighborhoods at Sherwood Park. Jim Griffin and Dave Burlingame will be happy to greet you when you visit!
Buyers shopping for Smyrna new homes will discover a quiet, just-right location convenient to downtown Atlanta and minutes from trendy shopping, dining and recreation. Choose from two-story single-family home plans at new Atlanta real estate market prices.
Sherwood Park is tucked away just north of Concord Road next door to the City of Smyrna’s Lake Court Park. Professional landscaping, tree-lined streets, and a combination of alley-entry and front-entry garages create an old-fashioned neighborhood atmosphere. The community homeowner’s association includes lawn maintenance and water.
Sherwood Park is located in Cobb County at 3557 S. Sherwood Road, Smyrna. To visit, take I-285 to exit 18, Paces Ferry Road. Travel outside I-285 and turn right on South Atlanta Road. Turn left on Concord Road. Cross over S. Cobb Drive. Turn left on South Sherwood Road. Sherwood Park is located straight ahead on South Sherwood Road. For more information on Smyrna new homes or how you can own Atlanta real estate at Sherwood Park, call 404-788-2195.
We all know that the Atlanta real estate market has plenty of foreclosures ranging from single-family homes to investment-grade properties. If you are trying to liquidate your assets, REO Proformance Systems can help. As the REO/Foreclosure team of Coldwell Banker RMR, we work directly with asset management companies, mortgage companies and financial institutions to prepare foreclosures for the market. Under the leadership of Associate Broker Barry Britt, REO Proformance Systems has been the #1 Coldwell Banker team three years in a row.
For our financial and asset manager clients we take a ‘repaired’ approach to our REO and foreclosure listings. This strategy decreases market time and achieves the highest sales price. Our strategy also targets the ‘owner occupant’ buyer since that buyer helps achieve a more stable community. We also find that owner occupants tend to help generate new business through their network as well by promoting the great value they received from our team, Coldwell Banker RMR and our home seller.
With listings in a variety of counties, you can be sure that your foreclosed Atlanta real estate will be properly represented to your target market. For buyers, REO Proformance Systems will work with you to determine the ideal location and price point for your new residence or investment home. Many of the homes listed can add up to 25 percent instant equity to buyers.
Coldwell Banker RMR offers homes in some of the most desirable communities in Atlanta. But did you know that we also have great opportunities for buyers in other areas as well? We currently have some fantastic move-in ready homes from Hickory Creek Homes, a locally-owned residential builder/developer with over 30 years of experience. If you’ve been searching for new Hall County homes, don’t miss out on the following deals.
Hickory Creek Homes has one home remaining in the well-established Reflections community in Buford. Perfect for raising a family, this home includes four bedrooms, an entertainer’s kitchen, large master suite retreat with walk-in closet, and full daylight basement. The home is priced at just $259,900 and is in a beautiful swim/tennis community that is convenient to everything.
In Braselton, homebuyers will find an outstanding swim-tennis community – Riverstone Park. There is just one inventory home remaining in this neighborhood, and with close-out pricing, it won’t be on the market for long. It features five bedrooms, a master suite with a sitting area, a full basement and a library that can be used as a home office, all for only $249,900. Riverstone Park is just minutes from the exclusive Chateau Elan Spa and Winery. If you’re looking to build and customize your own dream home, Hickory Creek Homes is now pre-selling in Riverstone Park.
Located in the coveted Buford school district, Stillwater provides incredible opportunities starting from $244,900! The Stillwater community in Flowery Branch offers quaint streetscapes and unique Craftsman style homes. Hickory Creek Homes is offering spacious 4 and 5 bedroom plans, perfect for a growing family. Homes are available for move-in now!
Each community offers new homes at fantastic prices. All three have great amenities including swim, tennis, and playground areas. For more information on these communities, please contact Area Sales Manager, Dwayne Hanks, at (404) 391-7588.
In addition to new homes, Coldwell Banker RMR provides a variety of other services for buyers and sellers. As a full-service real estate agency, we help people from all walks of life accomplish their goals. To find out what we can do for you, visit the Coldwell Banker RMR website.
When asked for some good news on the Atlanta housing market, Dan Forsman replied, “The good news is that all recessions end.” Luckily for us the President of Atlanta’s largest brokerage went on to share a bit more stating, “We are finding the bottom; we are seeing activity.”
Forsman believes that if this recession was going to continue we’d see the continued fall of average sales price and inactivity. But in his opinion we are starting to see slight increases in the median sales price in the higher price points. In addition to that he states that Atlanta homes for sale are seeing a lot of multiple offers. Any resale seller in this market has to compete with the foreclosure and the short sale.
Atlanta Relocation
Can you say Coca Cola, Novelis, State Farm, First Data and NCR? These are all companies that have had significant in-moves into the Atlanta market. Sears was rumored to be putting 6,200 jobs here in Atlanta. Forsman says, “I don’t believe that is going to happen, but you never know.”
Open House
Last weekend was national opens house weekend and Prudential Georgia had more than 500 open houses. If that isn’t impressive in itself, Forsman says, “We averaged a little better than four units of traffic per open house and they all registered. Traffic was good, people are buying property and making moves.”
Home Loans
Forsman and the team at Prudential Georgia has noticed that in spite of the hesitancy of appraisals, Suntrust has a new loan product. It is a 97% loan-to-value and is available for home buyers with a $52,000 income qualifiying ratio. Forsman comments, “Lenders are needing to drive their income machine again. New loan products will drive a lot of activity.”
Atlanta’s Fountain of Youth
Despite the recent heat wave, investors are still hot for Atlanta. Last week Forsman met with an investor looking at buying up to 10,000 properties in the Atlanta market. Why? He explains, “This investor sees Atlanta as the number one market positioned for a bounce. We did not have the big run ups despite the fact that we got hit hard when the market crashed.” What will create the bounce is that Atlanta is the #2 market in the country within the age group 25 – 39 and the #5 market for under 20 years of age. We are going to be providing a HUGE pent up demand for first time buyers for a long time to come.
Room to Grow
Market wide Atlanta has realized 30,000 sales so far this year. Forsman comments, “At the peak of the market we were running 40,000 – 45,000. We are at a run rate of 90%, there is a lot of room to grow. All we need is a little employment and we will be in a sellers market.”
Predictions for Future Housing Markets
Here are Dan Forsman’s predictions for the future:
In two years Atlanta will be in a seller’s market with a housing shortage.
We will be a really healthy market in the under $250,000 price range.
Recovery for Atlanta New Homes
Atlanta has 18 to 20 months of shadow inventory, such as foreclosures to sell through. The builder groups are quite a bit different today than they were five years ago. They may still control a lot of dirt, but it will take a while for the big builders to get their funding in order. To be successful, home builders will need access to unique capital from non traditional sources, access to repriced lots and they need to be experts at building at the right prices points at the various zipcodes where there is demand for the right product type. Forsman’s examples of builders doing it well include The Providence Group, Patrick Malloy, Edward Andrews Homes and the new Reynolds property on the southside of town.
For an evening of fun and delicious treats, Atlanta new homes builder, Acadia is hosting a Wine & Cheese Tasting event. Mark your calendar for Thursday, June 9 at our active adult community Wellstone at Middle Creek in Cumming. From 6 to 8 p.m., homeowners will mingle, snack and hear about our new Builder Neighborhood Referral Program.
Sam Bass, the Acadia Homes & Neighborhoods sales manager, will be stopping by the 5,000 square-foot community clubhouse, to give homeowners a brief overview of the program and how it can be beneficial to them. For those who are reading this and are wondering what referral program we’re talking about, here’s the scoop. Acadia’s newest referral program is offering anyone who refers a homebuyer to one of our 11 metro-Atlanta communities a $1,500 check from the builder once the chosen home has closed.*
“We know with the struggling housing market and economy, buying a new home is low on people’s priority list. We designed this program to make it even easier for our home owners to refer their friends to us,” says Bass. “This just gives homeowners one more reason to spread the word about our communities, especially Wellstone our only active adult community with resort-style amenities.”
This Forsyth County community is currently offering pre-sales on condominiums. Homebuyers can personalize their homes with custom interior features and move in 30 days later. Homes start in the $200,000s and the community offers three-bedroom, three-bath floorplans.
For more information on our referral program and continual Acadia updates, check out our Facebook page. For information on our Wellstone community, please visit the Acadia Homes & Neighborhoods website or call 404-788-5597.
*Referrals must be disclosed at first visit and are based on a full-price contract. Homes must also be under contract by 12/31/11/
