Buckhead Luxury Home Rental Market Report – March 2012

Every year as the Bradford Pears, Azaleas and other blooms spring to life, so too does the Atlanta Real Estate Sales and Rental Market.  This year, 2012, is no exception and might prove to be even more of a shift than in years past.  For sales, Atlanta as a whole and Buckhead, specifically has reached the lowest inventory level in a DECADE!  Yes a decade.  Sales demand is stronger.

Garden Hills Neighborhood Rental and Property Management Specialist - Michelle Francis, Buckhead Realtor

Garden Hills Neighborhood Rental and Property Management Specialist - Michelle Francis, Buckhead Realtor - Home for Lease

 




What does that mean for the Buckhead Luxury Single Family Home Rental Market?  Well, we are again at our lowest inventory levels with homes rapidly getting rented or leased with qualified tenants.  Folks are surprised at how strong the luxury rental market is.  We aren’t.  The Buckhead Luxury Home Rental Market has only had momentary weaknesses in 10 years where there was more inventory than prospective tenants.   This occurred in 2007/8 as the market was struggling with a huge oversupply of homes.

Buckhead Luxury Rental Home Market Report - Spring 2012 by Michelle Francis, Buckhead Rental and Property Management specialistIn a typical year for Buckhead, there are not enough luxury rental homes for the demand.  Tim Francis Realty has been offering Luxury Rental Homes and Property Management for a decade.   Our company AVERAGE luxury home rental rate in Buckhead is $4,000 a month.  We were just analyzing the latest market inventory for 4 bedroom homes in Buckhead.  Today, there are 16 homes available from $2,000 to $7,000.  (There are a few higher than $7,000, but that’s a pretty unique market.)  There are 4 pending homes in this price point AND in the last 6 months, there have been 46 homes leased.  This means there is about a 3 month’s supply of homes. 

In Tim Francis Realty’s experience, it will be a crazy spring.  As we say many times a day to folks that call, “if you see something you like that fits your budget in the Buckhead Luxury Rental Home Market, TAKE IT IMMEDIATELY”.   

Are you looking for a Buckhead Luxury Rental Home in Garden Hills, Chastain Park, Peachtree Park, Buckhead Forest, or Sarah Smith area?  Please contact the experts who handle more rentals in this Buckhead Luxury Rental Market of single family homes than any other agent, Tim Francis Realty LLC

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Information and content on this blog is original to Michelle Francis  

Michelle Francis

Tim Francis Realty, Serving Buckhead, Atlanta & Sandy Springs GA

(404) 219-9760

Michelle@TimFrancisRealty.com

 

Want to know more about Residential Buying, Selling, Executive Home Leasing & Property Management in Buckhead, Atlanta and Sandy Springs, GA?

If so, you can find me here:

Buckhead, Atlanta, & Sandy Springs Real Estate on Linked-IN

 

 
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6 Comments on Buckhead Luxury Single Family Home Rental Market Report March 2012

MAR
11
2012
610,837 Points 40 Featured Posts Outside Blog Called Shot Master

Michelle, great information on the buckhead Luxury Single Family home rental market.  Let's hope that more people "get it" that your Buckhead read estate market is improving.  
8:18pm • #1
MAR
14
2012
679,430 Points 51 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Michelle, we're seeing the same thing here. The RedBuds are blooming and people are buying houses.
11:38am • #2
MAR
16
2012
586,588 Points 58 Featured Posts Outside Blog Called Shot Master

Michelle -- luxury leases are always seem to be in demand and when a "hot new listing" hits the market -- it is typically very well received.   Although this is true for sales too, it seems that those at upper end of leasing really really want only the best while a home buyer may be willing to do some renovations.   
4:37pm • #3
MAR
17
2012
477,696 Points 15 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Michelle -- With luxury rentals in demand, renters need to be prepared to call Michelle Francis, REALTOR for assistance with a Buckhead luxury rental transaction as soon as they find one that fits.
2:17pm • #4
4 Featured Posts Called Shot Master

Michelle, this is very good information, it really shows that you are a local expert in Buckhead!
2:27pm • #5
APR
03
2012
135,124 Points 2 Featured Posts

I have many gal pals in the Buckhead area who haven't purchased a home yet so they're all renting. I'll have to pass your name along to them in case any of them move from their current locations!
12:45pm • #6


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Michelle Francis Realtor Buckhead Atlanta Homes for Sale & Lease

Atlanta, GA

More about me…

Tim Francis Realty LLC

Address: 4590 Windsor Gate Court, Atlanta, GA, 30342

Office Phone: (404) 219-9760

Cell Phone: (404) 219-9760

Email Me

Tim Francis Realty is a boutique real estate firm that offers Residential Buying , Selling, Executive Home Leasing and Property Management in Atlanta, Buckhead and Sandy Springs, GA. Give us a call, ya'll. 404-219-9760



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