New Families Make Peachtree Corners and Berkeley Lake Their Home

It is spring market time and there are some incredible homes available for purchase.  I am so excited for buyers because there may never be another more perfect time to buy a home.

Let’s first look at the beautiful community of Berkeley Lake. If you have dreamed of lake living or would love to have a retreat in the mountains or if a home on the Chattahoochee is your dream then beautiful Berkeley Lake offers it all. Savvey financial advisor, writer and talk show host Dave Ramsey said just this week on his radio show, and I paraphrase,  “I’m having fun with real estate, taking advantage of the bargains out there.”

There are currently 18 homes for sale in the City of Berkeley Lake. They range in price from the low end of $275,000 (bank owned) to the high end of $1,600,000. Two homes are pending sales. This means that an offer has been accepted by the seller and they are waiting for the scheduled close on the home. One of these pending sales is a short sale and may take a couple of months to get final approval from the lender.

Eight homes have closed since January 1st of this year. One of these was a lot on Berkeley Lake with the majority being in The River District. The River District is a stunning community on the Chattahoochee. Award winning builder John Willis is the builder in this neighborhood. There are over 30 lots with many on the river for you to build your dream home on.  View these on TheRiverDistict.info. There is a stunning model home waiting for you to move in.

Peachtree Corners is the perfect community to call home. Sidewalks, Robert Fowler YMCA, The Forum and excellent schools complete the neighborhood. Located near major roads means this community is an easy commute to airport or work in town. For definition of Peachtree Corners we have used homes listed in the school districts of Simpson and Peachtree elementary schools.

There are currently 139 homes on the market. The highest priced home is $3,400,000 and is located on Fitzpatrick Way in North River Crossing; the lowest priced single family home is $159,900. There are five homes that are listed under contract with Due Diligence. This means an offer has been accepted and now the buyer has a certain number of days to complete inspections, surveys and etc. During this time the buyer may terminate the contract at will.

There are 15 pending sales with price range being on the high end $485,000 and the low end being $159,900. Thirty six homes in Peachtree Corners have sold and closed since Jan 1, 2011. The highest price of these was in The Reserve at Neely Farm and sold for $1,115,000. The lowest price home to close was $71,103 and was located in Dunwoody Forest. There are just over a one year supply of homes on the market based on the current rate of sale and the inventory.

Values in metro Atlanta are about the same as they were in 2001. The overall belief is that values are bouncing along the bottom this year, and we will begin to see the market climb in 2012.  The good news is that a good home, priced right for the market and in staged-condition will sell in any market. For example, over 30 percent of the homes sold in Peachtree Corners in the past year sold in 60 days or less.