Atlanta home prices are on an uptrend in 2017. According to the statistics published last year in Atlanta Agent Magazine, the median house price of $192,000 was an all-time high in the state. The latest figures show that prices have jumped even further to $202,100. In the past five years, the real estate prices in the city have increased by about 77 percent.
House prices are projected to increase by up to 5.2 percent by the end of this year, according to Zillow. This is simply because the supply is low while the demand is high. So, that makes it the best time to buy a property in Atlanta now.
In order to make your search easier, here are three ideal locations for buying a home in Atlanta, GA right now.
1. Oakland City
You should not be fooled by the name. Oakland City is not a city, but a neighborhood of Atlanta located in southwestern part of the city. Indeed, the place had previously served as a city but it was annexed to Atlanta proper in 1910.
Of all the other areas, Oakland City has one of the lowest median prices. You can find a house for as little as $47,600 in the area. Prices are expected to increase by about 4.2 percent by the end of next year.
The house prices in Sandtown are also relatively affordable in Atlanta. The area is located in the southeastern part of the city. The best thing about the place is that it has a quiet, suburban environment. If you want a home in an area that is away from the hustle and bustle of the main city, this might be the best place for you.
While the house prices are not cheap at Poncey-Highland – a place located on the east side of the city – it is nonetheless a prime spot for real estate investment. Median house price at the location is about $277,300 that is expected to increase by 4.1 percent within the next year. In terms of safety and amenities, it is certainly one of the best places in the city.
In Atlanta, the property prices are expected to keep on rising. Whether you are a real estate investors or a homebuyer, you have all to gain by buying a property in the city. However, your position will depend on where you buy the property.
If you want to buy a home in Atlanta, GA, you should consider contacting a real estate agency. The task of finding the right home will be made easier if you partner with a professional estate agent in the area.
America’s Network Realty Group, Inc. has been established by a REA licensed broker Telmo Bermeo. The company has been offering top-notch real estate services since more than two decades. You can click here if you want to browse the Atlanta Multiple Listing Service to find the right homes for sale in Atlanta, GA, or 770-309-6417 to make a date with an expert real estate professional.