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View Poll Results: Is East Cobb, Roswell & Alpharetta turning into a buyer's market?
Yes - under 500K 1 33.33%
Yes - over 500K 1 33.33%
Yes - at all price points 1 33.33%
No - at all price points 0 0%
Multiple Choice Poll. Voters: 3. You may not vote on this poll

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Old 06-02-2010, 03:31 PM
 
Location: North Metro Atlanta
1 posts, read 861 times
Reputation: 10

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Having been appraising and selling in north metro Atlanta since '94, the spring influx of listings in school districts like Walton, Pope, Lassiter, Roswell, Milton and other highly regarded school districts has been as regular as the pollen....until this year. The shortage of quality, accurately priced homes has (IMHO) turned these select areas into mini seller's markets.

Obviously there's inventory, I'm talking about a shortage of quality inventory. I have buyers in both areas between the 500-1M range and we've not found anything for several months. Any thoughts?
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Old 06-02-2010, 04:38 PM
 
12,953 posts, read 19,928,682 times
Reputation: 34130
The 30004 (Milton) zip code was one of the very few that saw a rise in average sale prices this past year.

I think it's cyclical though. When we had to buy in a hurry 5 years ago due to a job transfer, there was very little to choose from. We had to settle for a house we would not even look at today. I can't believe some of the great deals out there in No. Fulton.
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Old 06-02-2010, 05:00 PM
 
Location: North Fulton, GA
1,154 posts, read 2,279,985 times
Reputation: 647
We bought our home in Roswell a month ago and feel we got a great house at a great price. We had been looking for nearly two years as we waited for our house to sell in New York. Buyers/Sellers market status did not appear to change much during the time we were looking in the North Fulton area and quality homes were and remain on the market.
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Old 06-03-2010, 09:31 PM
 
997 posts, read 4,172,786 times
Reputation: 350
We bought our house here exactly two years ago in Johns Creek. We didn't overpay according to the comps and appraisal. It is now worth 60K less than we paid. I hope things start recovering. We still have more work to do on the house and won't sink another dime into it. Just not worth it. It makes me sick to think of how much money we've spent on renovations and repairs plus the amount that we've just lost in equity.
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