sunshine, on Oct 25 2006, 07:36 AM, said:
I would not call the housing prices in Atlanta cheap. What I do know, having worked in the industry, is that metro Atlanta (like it's counterparts metro Dallas and metro Houston) have not suffered from the overinflation of housing prices. In these very large metros housing has appreciated about 6 to 7% yearly. This is remarkable considering that all three are metros of 5 million or more. This has kept the cost of living down. This pricing restraint has also facilitated these three metros high growth rates (numerically speaking).
Even condos ITP have shown great restraint. Many who have lived in the south for years will complain about to prices because to many of us they seem higher than normal. To the northerners and westerners moving here they are a bargin. I think one can find condo pricing very varied here in Atlanta...especially in the city. You can find a nice condo starting in the 190's at Atlantic Station all the way up to a $12,000,000 7500 sq ft penthouse currently for sale in Buckhead's 2500 Peachtree St tower.
All in all, I would not call the housing here cheap....more like accurately priced. Especially when kept in prespective. Maybe even....more bang for your buck. Some would even say...considering all the amenties (arts, sports, shopping, business, entertainment)....you are getting a steal. I think you get the picture.















