As we approach the half way point of the year, investors and home buyers that were once on the fence are now picking up the pace in the Atlanta real estate market and Villa Rica real estate.  These buyers are taking advantage of the lowest interest rates in years coupled with a all time low price points to create a market we have not seen in a while.

According to a recent Times Georgia article, Villa Rica is also experiencing a much lower occurrence of vacant homes.  The city has been burdened with the foreclosure crunch with Carroll county ranking high in the state with the many abandoned homes.  These homes require monitoring and can result in citations if not kept up by banks or asset managers.

According to the Times Georgia report,

Villa Rica has reached a milestone, but it’s not one that 10 years ago, or even two years ago, city officials would have ever welcomed as the good news they do now.
 
For the first time in 18 months, the city can boast that it has fewer than 500 vacant homes. As of the end of June — the last numbers available — the city had 495 vacant homes. The last time the number dropped below 500 was Dec. 31, 2010, when there were 337 vacant homes. A month later the number had risen to 577 vacant homes and it has stayed above the 500 threshold ever since, even eclipsing 600 during July and August of last year.“One of the indicators that I look at each month for the city is the number of vacant homes,” City Manager Larry Wood said. “This is the first time we have been below 500 in 18 months and I like the trend.”Read more: Times-Georgian
 
Numbers according to the MLS also confirm active listings are down about 25% from 2011.  This decrease in inventory had buyers on the lookout for that great deal.  Good deals are resulting in multi bud offers from home buyers and investors.  Her is a graph that depicts current listings compared to last year.
 

 

770-294-9976Chip Hurst is a local real estate agent in the West Atlanta Area.   Maximum One Realty of Greater Atlanta is unlike most real estate companies that force you to do things one way or their way, we believe you should have choices to pick and choose what best fits your individual needs. We are always looking for new ways to make and West Atlanta real estate more efficient AND without sacrificing quality or service.  If you’re looking to buy a home in West Atlanta or sell your existing West Atlanta property, we will be happy to take care of your real estate needs. Our mission is to provide outstanding customer service while utilizing the best practices and systems available. For more information about List! Buy! Save! real estate services and how we can best serve you, please fill out the online contact form or give us call today! Chip Hurst Maximum One Realty Greater Atlanta
770.294.9976       Mobile
Hurstch@bellsouth.net
www.WestAtlantaRealEstate.com

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