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Market Report - Medlock Corners Townhomes - 2011 Recap

By
Real Estate Broker/Owner with The Jordon Wheeler Group GA License# 264359

Medlock Corners townhomes are located in the new city of Peachtree Corners.  Peachtree Corners became its own city in 2011.  Medlock Corners townhomes are in a beautiful area with access to major shopping and major roadways.  Folks can just head west on Medlock Corners Road to The Forum Shops and enjoy a variety of stores and places to eat.  To get to work, Medlock Corners is less than a mile from Peachtree Industrial Boulevard and takes drivers all the way into downtown with easy access to I285.  Pulte is the builder of these solidly built townhomes.

 

J W Group

 

Currently there are four properties listed in Medlock Corners ranging in price from $105,000 to $159,900.  The listing priced at $105,000 is a foreclosure that has been on the market for over 140 days.  Compare that to the average days on market 25 for sold listings, and you can see that buyer activity is a little slow for Medlock Corners.  Buyers, use this information to your negotiating advantage.  One of major challenges for Medlock Corners is new construction nearby.  The new construction townhomes are priced higher, but low interest rates make them more affordable.

J W Group

Two listings sold last year in Medlock Corners - one for $117,750 and the other one for $101.000.  Both of these three bedroom, two and half bathroom, provide plenty of space for the first time home buyer.  There is even a one car garage for each unit in Medlock Corners in Peachtree Corners.

 

Medlock Corners does present a really good value for a smart buyer.  The smart buyer can purchase a townhome property here for less than the rent of a two bedroom apartment.  HOA fees are very low - less than $100 per month.  The yards in Medlock Corners are maintained by the HOA, so no concern for mowing and lawncare.

For more information on the available properties in Medlock Corners, call our office at 404 923 4210 or call me directly at 404 246 3210.  

NOTE: Data from Georgia MLS.  All information deemed reliable but not guaranteed.

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