South Fulton Real Estate - Merrywood Estates in Fairburn, GA

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

Let's take a look at real estate in South Fulton, Fairburn, GA - Merrywood Estates

Merrywood Estates (Fairburn, GA) is a newer subdivision in South Fulton County.  This subdivision features homes with three and four bedrooms, two or more bathrooms, and a few with basements.  The homes were built between 2002 and 2006 in three phases.  Sharon McSwain was the builder in the first two phases.  The early phases are composed of ranch style homes with two car garages and two story homes with a one car garage or a two car garage.  The construction is vinyl siding with partial brick fronts and/or stacked stone.

Merrywood Estates (Fairburn, GA) has been hard hit by the real estate market and has had a lot of foreclosures.  Currently four homes are for sale.  However, there are other vacant homes indicating that more foreclosures are coming.  There is a wonderful group of caring and concerned homeowners who are committed to staying in the community and building it back up so that values get back to where they were at the initial purchase.  So Merrywood Estates (Fairburn, GA) is considered a good longterm real estate investment neighborhood.  

Average home prices have dropped 55% in the last five years (see Chart below).  Sales increased in 2009 compared to previous years, but all were investors and buyers taking advantage of the awesome foreclosure deals.  This year sales are down from 2009 but the bargains are still available.  Average home prices appear to be bottoming out this year with almost no variance from 2009, and stabilizing through 2011.  As foreclosures are eliminated, average home prices should rise again towards the end of 2011 and steadily increase in the next few years to a full recovery of original purchase prices.

Merrywood Estates (Fairburn, GA) currently four homes listed for sale ranging in price from $56,000 to $129,500.  Square footage ranges from 1680 to 2701.  A buyer can get a lot of house in Merrywood Estates for a small price.  To check out the listings in Merrywood Estates, click here or give us a call at 404 923 4210.  Also there are links below to each of the current listings in Merrywood Estates, Fairburn, GA.

http://2628525.GeorgiaMLS.com, http://2922668.GeorgiaMLS.com, http://2928960.GeorgiaMLS.com, http://2888381.GeorgiaMLS.com

For more information on South Fulton Real Estate in Georgia, please call us 404 923 4210 or 404 246 3210 or send an email to info@jordonwheeler.com.  Thank you!

 Chart

Change in Price

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Comments (3)

John Cunningham
eXp Realty - Phoenix, AZ
Helping Phoenix Sellers and Buyers find each other

The glass is definitely half full; lots of opportunity in the market. 

Sep 19, 2010 05:30 PM
Dom Naidoo
Westside Properties - Venice, CA
Malibu to the Marina Real Estate

I agree with John. Lots of opportunity is out there! Thanks for the helpful information.

Sep 19, 2010 05:32 PM
Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

Guys, South Fulton is filled with opportunity for buyers.  I will be featuring more of the neighborhoods in the coming weeks.  Thank you for commenting.

Sep 20, 2010 03:55 AM