AJC Home Sales Report: No telling when we’ll hit bottom (Covington: neighborhood, public schools)

[mrpanda]

Damn this is interesting. Thanks for the link RainyRainyDay....

Forsyth 30097 is St. Marlo Country Club. Did the median home price there really go up to $662,000 in 2010 from $555,000 in 2009.

As you guys can see there are parts of Atlanta holding up well and other parts that are absolutely getting slaughtered.

[mrpanda]

PeachStateHomeGal.

Do you some data for the median home price and units sold for St. Marlo Country Club for 2011?

It would be interesting to compare to last years data.

[koko339]

Did anyone hear about the real estate "Ring of Death" that supposedly surrounds Atlanta?

[bdawk]

Originally Posted by mrpanda

you sure about that ?

zip code 30004 is down 1/2% Month over Month and 1.9% Year over Year.

Milton, Roswell, Johns Creek, and Sandy Springs are in the green (barely) Year over Year.

Alpharetta just turned red Year over Year....... as for the rest of Atlanta..... there is some serious blood in the streets. It does not look pretty.

My comment was about 2010 - 2011. That stats from the AJC end in 2010 right?

My part of 30004 is in Milton.

Zillow shows the neighborhood up a little year over year if you believe their #s.

My # came from an appraisal for a refi and it was about 8% higher that a year ago.

[MovedfromFL]

Real Estate Expert Dubs Area 'Ring Of Death' - News Story - WSB Atlanta

Here's a report on the Ring of Death

[mrpanda]

Ddawk,

Sorry I didn't know that 30004 is in Milton. Yup, Milton is definitely one of the cities in the green and the most expensive city in Northern Atlanta.

If i had a million dollars to place a bet on the future... Milton would definitely be one of them.

Originally Posted by bdawk

My comment was about 2010 - 2011. That stats from the AJC end in 2010 right?

My part of 30004 is in Milton.

Zillow shows the neighborhood up a little year over year if you believe their #s.

My # came from an appraisal for a refi and it was about 8% higher that a year ago.

[spacelord75]

Originally Posted by koko339

Did anyone hear about the real estate "Ring of Death" that supposedly surrounds Atlanta?

Sounds like Slayer covering a Johnny Cash song...in other words, awesome.

[RandyWatson13]

[Sandy Springs Rep.]

Originally Posted by MovedfromFL

Real Estate Expert Dubs Area 'Ring Of Death' - News Story - WSB Atlanta

Here's a report on the Ring of Death

I think that is fantastic news. This means an end to urban sprawl as we know it.

[aries4118]

Originally Posted by Sandy Springs Rep.

I think that is fantastic news. This means an end to urban sprawl as we know it.

I don't see the Ring of Death as a bad thing for the outer suburban counties/Metro Atlanta. This reality can be turned into a supreme positive. Let me explain...

1. It will take time, but all currently available lots/neighborhoods will eventually get built out. The key is that the areas/counties should not issue any new home-building permits--even when (or if) the economy picks up. It may take years--a decade or two even. Other builders/developers/individuals will have to chime in as necessary/needed to build on the lots (there will be still be people who like the area and want a brand new home...or a home they can build for themselves). I can imagine these neighborhoods/lots developing organically with homes from different eras together in a neighborhood. Kind of like what you see in inner suburbs and more central areas. Again, the key is that no new home-building permits should be issued.

2. Part Two: These outer counties should re-define themselves as semi-rural suburbs (not as the "Next Cobb," the "Next Gwinnett" or the "Next North Fulton," etc.) Semi-rural suburbs are appealing for a lot people and would be good option for those that want it. It would also be good for Metro Atlanta (more variety of living options). No one said that the outer counties had to follow the suburban developmental pattern of the mid-distance suburbs. Let the outer counties have their own unique "semi-rural suburban status" in Metro Atlanta. Semi-rural suburban tranquality+ beauty with urban amenities not too far away.

Moreover, when you drive around many mid-distance suburbs, you will find neighborhoods that were developed well before most of the other neighborhoods. These older neighborhoods were sittin' just fine for a very long time as semi-rural suburbs in Metro Atlanta. When these areas were developed in the late 50's to the late 60's (I'm talking more about East Cobb, North Fulton, and Gwinnett--not DeKalb, which was booming at the time), I'm sure the developers and the people that moved there had no idea that the areas would boom so much in the 1980's--putting them in the midst of a suburban/urban landscape.