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Newnan, GA Real Estate News

By Scott May, M.S., CRS., REALTOR Coldwell Banker Bullard Newnan GA
(Newnan - Peachtree City and surrounding areas)
Newnan Real Estate Market Update as of October 2, 2023About Newnan:  Newnan Georgia is the county seat for Coweta County located about 30 minutes to the South East of Atlanta's International airport.  Current population is about 45,000 and the County is about 150,000 or so.  The city itself prides itself as the "city of homes" with many pre Civil War era houses near the town Square.  The city has grown tremendously over the past several decades with the addition of large subdivisions, sprawling golf courses and of course shopping as well as a great selection of great restaurants.  Surrounding areas include Peach Tree City and Fayetteville to the East with a similar population, Chattahoochie Hills to the North including Serenbe, Senoia to the South East where the Walking Dead was filmed,...
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By Scott May, M.S., CRS., REALTOR Coldwell Banker Bullard Newnan GA
(Newnan - Peachtree City and surrounding areas)
About 5 years ago The Newnan Linc trail project began and has since progressed nicely to include a completed stretch from the Newnan court square through C.J. Smith Park, East through the woods and near a stream across Interstate 85 through some more woods near the Newnan Center and into Summergrove golf course and housing development.    A community benefits from a trail system in many ways.  First it's what is called a "linear park" providing park access across a wide area that may not otherwise have access to the recreational opportunities provided.  The trail also provides a nice alternative form of transportation, a means for exercise and obvious recreation activities, but also promote improved community health along with associated health care cost savings.  Another benefit is con...
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By Scott May, M.S., CRS., REALTOR Coldwell Banker Bullard Newnan GA
(Newnan - Peachtree City and surrounding areas)
Newnan  Demolition work has been ongoing at the old Caldwell Tanks site located at 57 E Broad in Downtown Newnan just East of the Court Square.  The Newnan City Council held a public hearing last week where two companies submitted initial proposals about potential development plans for the 5 acre site.  The city of Newnan purchased the property after the community balked at a private development proposal for a large apartment community.  Public Private partnership developments have become increasingly popular around the country particularly in situations like this where central city core revitalization efforts are aimed at positive growth measures and good urban planning. Proposal one was made by Mallory and Evans Development who envisioned a boutique hotel with a conference room, 30 to...
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By Scott May, M.S., CRS., REALTOR Coldwell Banker Bullard Newnan GA
(Newnan - Peachtree City and surrounding areas)
Painting with oil has been something I've wanted to try for many years.  My earliest work with paint was at Palmetto High School in 12th grade art class but I only worked with acrylics.   A lot of folks think it's way to hard to paint in oil.  I've found that I love the medium.  First of all the paint doesn't dry as quickly and so it's easier to move around and blend.  It's also a bit more forgiving.   Located right on South Court Square in the heart of Newnan is this amazing gem called Corner Arts https://www.facebook.com/cornerarts.  Jenny, who is my awesome painting teacher (she offers classes weekly for anyone interested in exploring their artistic talents).  The shop features a wide variety of arts and crafts from local artisans including herself.  If you are ever at the Newnan Squ...
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By Scott May, M.S., CRS., REALTOR Coldwell Banker Bullard Newnan GA
(Newnan - Peachtree City and surrounding areas)
Grading has begun for one of anew condo developments in Newnan Georgia. This one is located near the roundabout of Greisen Trail and McIntosh Parkway.   More details in a recent News print article: https://times-herald.com/news/2022/02/condo-development-coming-to-greison-trailAccording to the article, these will be townhouse style condos and there are to be 96 of them constructed.  Condos in the area are in extremly limited supply and high demand.  According the Georgia MLS, There are currently (as of 2/7/22) zero condos for sale in Coweta County, and just 21 were sold over the past year with most being townhouse models, with aproximately 2 beds and 2 bath with a one car at a medium sold price of: $230,000.00.  Days on market averaged 3.  With more than half of area residents commuting ...
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By Scott May, M.S., CRS., REALTOR Coldwell Banker Bullard Newnan GA
(Newnan - Peachtree City and surrounding areas)
Coweta County Sigle Family New Construction January 2022Overview:  Nationally and locally new housing is being impacted by shortages of labor, and increasing supply costs.  For instance, lumber prices which peaked last year around this time at about $1,500.00, then dropping over the Summer have climbed back up over $1,000.00 in January and as of 2/2/22 are around $980.00, more than double what it had been prior to the surges of the past several years.  New housing numbers in markets all over the nation arguably have fallen drastically behind year over year over and above basic demand over the past decade and basic supply this year is no exception.  Another thing to keep in mind, is that without a healthy stock of new houses to meet the full demand, there is less available on the market ...
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By Scott May, M.S., CRS., REALTOR Coldwell Banker Bullard Newnan GA
(Newnan - Peachtree City and surrounding areas)
Snap shot Overview:  Newnan Georgia is part of the Greater Atlanta Metropolitan area located about 40 miles Southeast of Downtown Atlanta.  The city has a population of about 50,000 and Coweta County a little more than 150,000.  About two thirds of the dwellings are owned with about a third being rented.  Some forecast estimates suggest that Coweta County will grow to over 200,000 by 2030.  The main issues illustrating the fourth quarter market is a record low number of homes for sale, lower number of homes being sold, extremely low number of days on market particularly for the dialed in move in ready stock, sharply increasing prices across the board, and all of this at a time where record low interest rates continue along with record high demand.  4th Quarter Coweta County Market Snaps...
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By Scott May, M.S., CRS., REALTOR Coldwell Banker Bullard Newnan GA
(Newnan - Peachtree City and surrounding areas)
The Holiday Season ending December 2021 has been like Summer in Winter with recent day time highs in the 70's shattering long held records all over Georgia.  By December 30, the jet stream began to sink lower toward the south producing massive severe weather including one massive thunderstorm topping out around 42,000 feet according to the radar blips and ended up dumping more than 3 inches in about a half hour, and in all more than 5 inches for the day.  These are the results in the area of The lakes of White Oak, Summer Grove, and Heritage Ridge neighborhoods on the East Side of Newnan Georgia. Above is the upper lake along the headwaters of the Sullivan Branch of White Oak Creek following the torrential downpour.    That's a lot of rain all at once and I wondered how the drainage wou...
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By Scott May, M.S., CRS., REALTOR Coldwell Banker Bullard Newnan GA
(Newnan - Peachtree City and surrounding areas)
Welcome to Summergrove Fall 2021 on the East side of the City of Homes, Newnan Georgia.  The Fall foliage this year has been exceptional.  This is Lake Summergrove, one of the central features in this large planned community surrounding a beautiful golf course, trails, hills, obviously lots of gorgeous trees and water as well.    Summergrove Market Data, November 2021Current data from the Georgia MLS show a three week housing supply, with 9 active properties, 15 Pending sales and 12 Sold properties.  The below market data is for the month ending November 2021, verses November 2020                         Average         Medium       Average Days on Market: 15  -50%List Price:      383,302            397,500        Medium Days on Market: 6    -50%                         357,620         ...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationThomas Crossroads is a landmark crossing the northeastern edges of Newnan, Georgia.This neighborhood offers a family-friendly setting with many establishments and community amenities available for its residents that provide many opportunities for families or friends to spend time together. The structure of the district offers convenient access to the central portion of Newnan. It is surrounded by mixed-use commercial real estate in its center and various cul de sac neighborhoods to its north and south. This area provides schools for you to enroll your kids. There are also various grocery and retail establishments along the community’s main road, which you can visit for your daily shopping needs.For more information, please feel free to contact us today and we’ll ...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationThis neighborhood resides 345 population and caters to 199 households inside an exclusive luxury subdivision located on the northern outskirts of Sharpsburg, Georgia.Canongate Village is a premier luxury neighborhood directly north of the Canongate 1 Gold Club. This neighborhood is perfect for buyers interested in a home with an exclusive country club living that offers amenities of a world-class golf club community. Coweta Club also provides a superb designed championship golf course with rolling fairways made with natural hillsides of the surrounding landscape. It has a clubhouse with function rooms for your events, restaurants that serve guests with their signature dish, two tennis courts, and a swimming pool area located at the entry of the course. It is so e...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationAshley Park is a major commercial center in the heart of Newnan, Georgia. The neighborhood features an open-air shopping complex with a comprehensive selection of retail and dining centers for the many families living in the city. The shopping center also offers a vast array of amenities for all guests visiting the mall. Enjoy complimentary wi-fi, 24/7 security, public restrooms, ATMs, water fountains, and trolley rides for kids of all ages. There is also a local art gallery, pet stations, a library, and outdoor alfresco dining for your convenience. Moviehouse can be found inside Ashley Park, where you can watch the most recent feature films. Aside from shopping centers, Ashley Park also has a lot of fun activities to offer, such as golfing, amusement parks, and ...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationSituated directly northeast of the city of Newnan, White Oak is an unincorporated community within Coweta County, Georgia.Composed of forty-five thousand people with fifteen thousand households, this community is a mixed-use area with the primary commercial real estate used for various purposes, including retail, logistics, office space, and manufacturing. Residential sections in White Oak are primarily to its southeast west of the White Oak Country Club.For additional information in the area, please read through our community page or feel free to give us a call for specific questions you may have about this neighborhood, and our team will be glad to extend to help you out.Real Estate InformationWhite Oak is mainly a commercial real estate market known for its wa...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationSummerlin is a small subdivision situated in the eastern section of Newnan, Georgia. It is one of several new residential developments built to help support the increasing demand for suburban housing in the city. This neighborhood features unique detached single-family homes that are ideal for buyers looking for a move-up home in the town. Summerlin can be considered a cul de sac community as most homes have a well-designed cul de sac layout, with several of them having center lots that serve as open shared spaces. There’s a single entry point used to access the subdivision, ensuring there will be no through traffic passing in front of your home.Real Estate InformationSummerlin features lovely single-family home builds with comfortable two-story layouts. The Cape...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationThe Summer Grove master-planned community is a vast home development in the southeastern part of Newnan, Georgia. It is a relatively new residential building that features homes built in the early part of the 21st century.Families looking for contemporary suburban homes with exquisite designs and spacious living areas will surely love the beautiful offerings available in this community. Summer Grove offers kid-friendly amenities for residents living in this neighborhood with various public parks, clubhouses, swimming pools, outdoor sports facilities, and lakeside public spaces available for use at your leisure.For detailed information on available designs and property options offered in the area, please do not hesitate to contact our team, and we'll be glad to he...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationCoweta County, Georgia, has its seat at Newnan, a large metropolis in the Atlanta metropolitan area.This neighborhood is a major business center and industrial hub in the area. This metro Atlanta community is well-served by numerous highways and train tracks, making it ideal for families seeking a new home in an urban area.Newnan is a major urban center with 45,000 residents and a cradle to several industrial parks, commercial centers, and business parks. Aside from this, Newnan also has a lot of manufacturing companies within the vicinity, especially in areas near White Oak. This city serves as the primary government center of Coweta County, with several offices located within city limits.Real Estate InformationThis neighborhood has been consistent for its high ...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationIt is a premier master-planned residential development situated in Lake Redwine, the northern part of Newnan, Georgia, known for its wooded surroundings anchored by its beautiful waters.Home to a 45,000 population, Lake Redwine is a beautifully designed neighborhood crafted to maximize the lake's natural beauty. Providing its residents and guests to enjoy the natural body of water offers many opportunities to bond with the family. This community is built next to the exquisite natural landscapes of the lake and treats its residents to breathtaking views of Lake Redwine. More than the lake itself, homeowners in this neighborhood enjoy exclusive access to a private clubhouse situated eastern part of the area. The lodge features spacious function rooms perfect for pr...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationIt is situated in the northern part of Newnan, Georgia. Genesee is a relatively remote area in the city, and this neighborhood is a perfect buy for families looking for a private subdivision away from the bustling city and other centers in the community. It features a small clubhouse within the neighborhood with multiple parking slots your guest can utilize when visiting. The lodge offers a small function space for your family gathering and has an Olympic-sized swimming pool and children’s playground too!This private subdivision with 45,087 in population with 15,135 households is situated in an untouched area of the city where residents enjoy a peaceful living environment in a well-planned cul de sac layout with serene surroundings. Enjoy well-planned green space...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationWith a 45,087 population and caters to 15,140 households, the growing community at Blalock Lake is situated along a few lakes, which serve as the community's namesake. Lakefront properties are one of the features of these neighborhood and interior home lots ideal for buyers looking for a luxury home within a secluded private area a short drive away from Newnan. For more information, please continue reading or give us a call for specific questions about the subdivision.This neighborhood is located along the actual lakes within the Blalock Lakes community. It is an exclusive subdivision perfect for well-off families looking for a relatively isolated home in the region. Roads in the subdivision are owner-maintained, and signage in this area is posted on entrances to...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationArbor Springs is a premier master-planned community in Newnan, Georgia. This well-planned golf community features a wide selection of exclusive amenities such as dining, shopping centers, and other entertainment readily accessible to families living in the neighborhood. The neighborhood also offers top-ranked schools, recreational parks, golf courses, and even industrial parks. So, if you’ve been looking for premium suburban living, then Arbor Spring is the perfect community for you. The neighborhood offers a refreshing and scenic home environment surrounded by green spaces and cul de sac streets with excellent curb appeal. The area also provides golf courses, landscaped yards, tree-lined streets, and well-maintained amenities to provide a tranquil community. Cow...
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By Scott May, M.S., CRS., REALTOR Coldwell Banker Bullard Newnan GA
(Newnan - Peachtree City and surrounding areas)
East Broad Estates is Newnan's new single family home development that when complete will be made up of 7 homes built by Newnan  Coweta Habitat for Humanity.  Two of the homes featured here are already in progress, fully framed, roofed, utilities plumbed in, with windows recently installed along with new siding now in progress.These homes will feature quite a few modern, energy efficient amenities including tankless water heaters, double pane windows and ample insulation.  These homes will be located just East of Newnan's Court Square a little more than half way to the Greison round about.  Terry, was the foreman or site manager on duty who visited with me quite a bit and showed me the homes.  He spoke highly about the new owner of a previous built Habitat home.  New home owners have to...
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