AJC article: East Cobb housing market still super hot (Sandy Springs: sales, home sales)

[Go Blue 99]

Focuses on teardowns:

Some Cobb homeowners fear 'McMansion' trend | ajc.com (broken link)

[GF72]

AJC has their new home sales report by zip code up:

2007 AJC home sales report - interactive map | ajc.com (http://www.ajc.com/homefinder/content/homefinder/homesales/interactive/homesalesmap.html - broken link)


Top 10 zip codes by average new home price:

30327 Sandy Springs/Buckhead - $1,352,500
30319 Buckhead - $1,052,500
30068 East Cobb - $950,000
30324 North Druid Hills (Dekalb side) - $926,500
30345 Briarcliff - $840,000
30075 East Cobb - $819,830 (30075 Roswell is $369,469)
30097 South Forsyth - $806,000 (30097 Duluth and 30097 Johns Creek both under $300k)
30306 Druid Hills (Dekalb side) - $777,309
30004 Milton (Cherokee County side) - $766,775
30062 East Cobb - $672, 250


3 of the top 10 zips are in East Cobb. 5 are in the suburbs and 5 are in-town.

It should also be noted that East Cobb zip 30062 is the only zip in the top 10 with more than 75 new houses sold last year and the only zip with more than 75 houses sold that still had an average new home price over $500k (at $672k, it's actually almost $200k over the next highest zip with over 75 new homes sold).

[TheFuzz]

I worked in the East Cobb area for a few years, and there's not going to be much room left in the next 10 years.

[GF72]

As far as the main part of East Cobb goes (around Johnson Ferry in the Walton/Pope areas), I didn't think there was any room left 5 years ago.

All the new construction in the area is either:
1) tearing down houses to build bigger ones
2) finding a tiny amount of space and cramming tons of huge houses, inches apart from one another, and selling them for $1 million+

For example, those ugly Stone Walk or Stone Wall or whatever houses... I thought there were laws saying a house can't take up more than 60% of the lot? Thankfully, theres only enough room for a few of these ugly neighborhoods.