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Old 02-03-2021, 10:54 PM
 
14,612 posts, read 17,355,352 times
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Quote:
Originally Posted by Citykid3785 View Post
It's probably 30 mins during rush hour right now, which is probably very similar to John's Creek. Both of those statements are from the center of those cities. Obviously add time if you live in the far reaches of those cities.
Google Maps says 19-23 minutes (14.6 miles-16.6 miles) from Johns Creek, and 19-21 minutes from Crablapple (14.5 miles - 15.6 miles). Obviously not rush hour times

(3 bedroom, 2.5 bath attached home 3,307 Sq Ft. 0.07 Acre(s) built in 2007)
$600,000 listed yesterday within easy walk of downtown Crabapple in Sotheby's
$540,000 20-APR-20
$421,000 01-JUL-16
$343,800 08-AUG-08

That is pretty much meteoric rise in price. It's Mayberry RFD for millionaires.
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Old 02-04-2021, 02:35 AM
 
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Quote:
Originally Posted by PacoMartin View Post
Google Maps says 19-23 minutes (14.6 miles-16.6 miles) from Johns Creek, and 19-21 minutes from Crablapple (14.5 miles - 15.6 miles). Obviously not rush hour times

(3 bedroom, 2.5 bath attached home 3,307 Sq Ft. 0.07 Acre(s) built in 2007)
$600,000 listed yesterday within easy walk of downtown Crabapple in Sotheby's
$540,000 20-APR-20
$421,000 01-JUL-16
$343,800 08-AUG-08

That is pretty much meteoric rise in price. It's Mayberry RFD for millionaires.
Yeah. It’s a very significant rise in price.

But the very significant rise in price has occurred over about a 13-14 year period and one must keep in mind just how much the market has changed within that 13-14 year timeframe.

When the particular attached home in downtown Crabapple that you cited as an example first went on the market in 2007-2008, the national economy was entering into a severe economic downturn (the “Great Recession” downturn of the late-2000’s/early-2010’s) that was caused by deep-seated financial problems in the real estate market.

At the time, residential home foreclosures were proliferating throughout the real estate market in historic numbers, creating downwards pressure on home prices.

But by the time of that home’s listing in 2021, the real estate market (particularly in that immediate local area north of Atlanta) had become highly competitive, with there often being a shortage of homes (particularly in the most desirable suburban areas, like Milton/Crabapple/North Fulton County).

The shortage of homes in a highly desirable suburban area like Crabapple/Milton has been as a result of a shortage of real estate listings due to the public health challenges created by the pandemic (many, if not most, people understandably don’t want strangers in and/or near their homes while a highly contagious virus continues to rage).

The shortage of homes in a highly desirable suburban area like Crabapple/Milton has also been because of the very high demand for residential real estate in a hot part of the Atlanta metropolitan area with a robust job market (the booming Alpharetta/Roswell employment hub of well-paying jobs), extremely highly-rated public schools, very high-quality retail options (Avalon, Trader Joe’s, Whole Foods, etc.), very high-quality restaurants, and good access to parks and outdoor recreation, including lakes Lanier and Allatoona and the Blue Ridge Mountains of North Georgia.

Large and growing numbers of people moving into the North Atlanta suburbs from higher-cost parts of the country like California and the Northeast seeking comparatively lower home prices in a real estate market with very tight inventory during the ongoing pandemic has also added to demand creating increased upwards pressure on real estate prices.
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Old 02-04-2021, 06:37 AM
 
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Alpharetta/Milton/Crabapple is a super hot market right now. As B2R mentioned, the price in 2008 was really pre-tech boom and during the Great Recession.

We bought in Milton in 2018, and paid a great price for a house that sat on the market for nearly a year before being sold. The market then was what I’d consider warm.

A house down the street from me just went on the market and was under contract in less than a week, listed a lot higher both in price and price per square foot. If my house was on the market now it would likely sell for $150-200K than what I paid. Ironically, given it is a custom house, I think when you look at its amenities and size the original owner probably didn’t pay much less to build it than what he sold it for.

Also, we first looked at relocating to Milton back in 2011, and new construction then was in the high 500’s to 600’s - about what you’d pay for the same size home in Forsyth and Cherokee now, reflecting growth and outward shift over 10 years.

What’s great about the area is not only the location, the schools, the shopping and dining options, but also - and important right now - for connectivity. Gigabit fiber to the home and 5G cellular in a suburban setting helps when you have parents working from home and kids learning at home.
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Old 02-04-2021, 07:06 AM
 
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Just to add, buying in Johns Creek is going to be easier just because there is still a decent amount of new construction going up in the Northview HS zone (such as Bellmoore Park which is a 600 home new community).
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Old 02-04-2021, 08:14 PM
 
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Quote:
Originally Posted by Born 2 Roll View Post
When the particular attached home in downtown Crabapple that you cited as an example first went on the market in 2007-2008, the national economy was entering into a severe economic downturn (the “Great Recession” downturn of the late-2000’s/early-2010’s) that was caused by deep-seated financial problems in the real estate market.
Well the realtor had three offers the first day and sold it all cash for more than the list price. So yes, red hot Milton is the correct term.

============================
Back in Buckhead a couple just listed for sale $1,395,000 on 19th floor (3 bed/ 2.5 bath with 3,157 sqft)

The exact same condo layout (3,157 sqft) on the 22nd floor in the same building sold for
$930,000 27-MAR-20
$610,000 08-JUL-10

Either the floorboards are made of solid gold, or that realtor is an idiot for taking a listing at $465,000 than a comp that is less than 12 months old.
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Old 02-04-2021, 10:09 PM
 
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Quote:
Originally Posted by Go Blue 99 View Post
Just to add, buying in Johns Creek is going to be easier just because there is still a decent amount of new construction going up in the Northview HS zone (such as Bellmoore Park which is a 600 home new community).
I checked out the community, talk about houses on top of each other. LOL Neverless they will sell out quickly, hot market, & great high school.

https://www.hankbailey.com/bellmoore...johns-creek-ga
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Old 02-05-2021, 07:02 AM
 
1,145 posts, read 4,196,208 times
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Quote:
Originally Posted by bellhead View Post
I checked out the community, talk about houses on top of each other. LOL Neverless they will sell out quickly, hot market, & great high school.

https://www.hankbailey.com/bellmoore...johns-creek-ga
We checked Bellmoore Park out when we were first house hunting in 2017. We really liked some of the floorplans, and the neighborhood amenities are awesome. But you're right, the homes were on super small lots.
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Old 02-09-2021, 07:06 AM
 
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I wouldn't live in Buckhead due to crime seeming on the uptick. As far as commuting from Johns Creek that would be a nightmare. Consider renting a house near the Academy. Many subdivisions around there. Alternatively consider Avalon or Downtown Alpharetta for the urban feel. There also are some 55+ communities by North Point Mall.
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