Georgia 400 Live / Work Corridor Home Sale Statistics;

Known by many in the Atlanta Metro Area as the Alpharetta Autobahn, Georgia 400 is one of the strongest financial arteries in the southeast.  Fortune 500 companies have offices scattered along this corridor from Buckhead to Cumming and hundreds of thousands of people live adjacent to this commuter highway / toll road.  Most depend upon it to access their higher-than-average wage jobs that affords them a nice lifestyle, nice home, and good schools. 

Not every bit of news on the Housing Market is "drastic doom" but you would be hard-pressed to read or hear anything to the contrary.  As a Marketing Major in college I learned quickly that numbers can sometimes be deceiving and numbers can be manipulated.  You may have recently read that home prices in the Atlanta metro-area fell last year by more than 25%, and that is correct FOR SOME ZIP CODES!  I have taken published information from my "Target Market"... the Georgia 400 Business / Living Corridor and put it onto the grid you see below.  Again, these are published numbers of homes sold, and median prices paid in 2008 versus the same data in 2007.  There are many ways to look at comparable / competitive home sale numbers; this is just one of the methods. 

While there are plenty of zip codes in this GA400 Corridor with unit sales declines of more than 25%; there are no zip codes in this Corridor with median sales price declines at or even near that level.  These numbers provide a strong argument that the GA400 Living / Working Corridor has held its own in terms of median sales (closing) prices paid for homes and condos.  In fact, some zip codes did not give any ground in 2008 to median price decreases and some had increases!  

My point to this exercise and in sharing this information with you; I do all of my business in these North Atlanta metro zip codes.  The market has been difficult, no question about it and the number of homes sold in 2008 prove that.  These zip codes are typically not "first-time-homebuyer" destinations, a large chunk of the transactions last year, and the Corridor derives a lot of residential turnover from corporate or business transfers that have diminished as well.  The fact that median closing prices on homes is cumulatively down only .9% in the Corridor is reason to celebrate AND reevaluate the current "market value" of your home!  

I will be more than happy to assist you in that evaluation when you are ready!