Johns Creek Homes and Real Estate

NEW -> Contingent Buyer Assistance Program
Happy 2018 Everyone.

Below is some data I put together for how we ended in 2017. Appreciation in the LA index was 5.5% and Atlanta is 5.4%. It is very interesting to see how the appreciation numbers look similar to one another from 2012 - 2017. Both LA and Atlanta got hit hard during the last down turn. The LA housing market dropped 41.9% from Sept 2006 to May 2009 and the Atlanta housing market dropped 39.5% from July 07 to March 2012. The Atlanta housing market is now in the clear green where home values are now moving higher than its previous peak value in July 2007.

Take a look at Nashville, Tennessee. This market only dropped 9.1% from the peak of Jan 2008 to April 2011, but the Nashville housing market is up 35.4% above its last peak value. Who says that home prices cannot appreciate in the south? I wouldn't invest in Nashville, TN as the housing market is making all time new highs. The Nashville Tennessee housing market is ahead of Atlanta house market by a wide margin of 33%.

Why is it that Atlanta housing market cannot perform just like Nashville, TN in the years ahead? What is it that Nashville has that Atlanta doesn't? My opinion is that the momentum is just starting to build in Atlanta. 

RwPqRw7.jpg
 
jYm0fVB.jpg


Appears that housing inventory is continuing to drop in the Metro Atlanta market in the last three years. The lowest inventory date was Jan 2013 with an inventory of 21,331.

November 2015 : 31,853
November 2016 : 29,343
November 2017 : 25,061

I see a trend here in inventory and continue to see appreciation take place in 2018 as the demand out strips the supply in the metro Atlanta housing market.

E6NOAZG.jpg

 
OcLur,
Think of an MSA like large cap stock like LA = Disney and Atlanta = Coca Cola. Some markets are still way below the previous peak while other markets like Nashville, TN is 35% above the previous peak. From my observation, the southern cities are performing much better than the east coast and rust belt cities like the midwest.
 
LiarLoan,
Sorry to not give you a straight answer, but I don't really like sharing this information on a public forum. I will tell you that I bought my primary residence in Atlanta in 2011 when I made the decision to move to Atlanta after visiting the 2010 Woodbury Collection opening in Irvine. Those days were very unique like it was in Irvine back in 1995. As you can see from the chart above in 2011, home prices in Atlanta were trading at 1996 prices. I continued to start building my SFR portfolio onwards. I will tell you that I have big audacious goal to be completely mortgage free on all of my properties by the time I am 50 years of age. 

Liar Loan said:
James - Out of curiosity, how many houses are you up to now?
Click to expand...
 
Panda why do you remove your old posts?  I was reading the one where you looked at your journal from the past and then came back to finish reading it and its gone.
 
Sorry. Rkp. I thought no one was interested in reading it so i took it down. I will post it Up again since it seems like you are interested in seeing it. It was from my journal in 2001 When i was 24 years old.
 
Iacrenter,

Many Californians have a misconception that all the homes in northern Atlanta are cheap. Alpharetta and Johns Creek are the two affluent northern Atlanta cities similar to the income demographics as Irvine. It is not unusual to see $1M+ priced homes in these two cities. This particular home in Alpharetta was originally listed for $949,900 as we got the price down to $890,000 and negotiated all the furnitures you see in the pictures.
 
You must log in or register to reply here.
Back
Top