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Business & Tech

Real Estate Update for Peachtree Corners, Berkeley Lake

We've got the current numbers for November on homes sold plus Open Houses reported for December 4th.

 

In keeping with our desire to keep you informed we continue with our market update.


In the ZIP code 30092, which is most of Peachtree Corners, there are 112 homes on the market. There are seven homes that are pending lender approval. This means they are short sales and the lender has to agree to taking less money than is currently owed on the loan.

In Peachtree Corners 10 homes closed in the month of November. The price range of closed homes are $577,000 - $1,440,000. There are 20 pending sales.

Berkeley Lake has 13 homes on the market. The Nancy Minor Team sold two homes in Berkeley Lake this month. There are no pending sales.

We have stated before that there has never been a better time to buy a home. Interest rates, motivated sellers and great values make it the perfect time to be a buyer.

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There is one shift that a buyer should consider. For the first time since the downturn in the real estate market, inventory is declining. This decline means less inventory to pick from and will result in values increasing if the decline continues.  Putting it simply if you do not choose to buy now you may be surprised to find that the deals are gone.

An open house is scheduled for Sunday December 4th 2:00 to 4:00 at 3664 Corners Way, Peachtree Corners, GA 30092.

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Be sure to check out the new listing at 4274 Balmoral Glen Drive. This home is new on the market and is priced at $185,000.

Editor's note: Nancy Minor is a Realtor with . Her office is located in Peachtree Corners.

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