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Spotlight on Country Club of the South - Winter 2009 | Letter to My Neighbors | Alpharetta, GA
From our quarterly magazine, Spotlight on Country Club of the South - to request your copy, please email Maura@GebhardtGroup.com.

Dear Country Club of the South Neighbors and Friends, 
Now that the holidays are over and we are at the start of a new year, it is time to review 2008 and chart our path for 2009!  
I ended the last edition of Spotlight on Country Club of the South by anticipating a bottom to the downward trend in local real estate.  However, the increasing negative consumer confidence, a declining stock market, a greater weakening of our economy and an unstable international environment, seems to be preventing any significant upswings for the housing market.  It is now being predicted that the real market will not see any real improvement until mid-year, 2009. 
The 3rd Quarter statistics for the Atlanta area shows that the residential sales for the metro area are down by 26.9% according to a mid- December article in the Atlanta Business Chronicle.  Country Club of the South is down for the same period by 38%.  In addition, the average sales price for the metro Atlanta area is 13.7% below the same period last year. 
What does that mean to ... more

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