One of the great joys of my life has been raising a family in Olde Atlanta Club and watching South Forsyth mature and blossom over the past 19 years. As both your neighbor and Realtor, I’ve seen many changes in the neighborhood and community beyond. Through it all, OAC continues to be a wonderful place to live, work, and call home.
As part of the continuing changes, we’ve seen tremendous growth in the past several years in the prices of our homes and properties. Just recently, for example, Olde Atlanta Club reached a new benchmark! In the dead of winter, I sold the home at 6685 Bridlewood sold for $491,000, thus laying a great foundation stone for sales in 2015. Then, last month, the home I sold 6650 Club Valley sold for $520,000 – the highest FMLS sales price in Olde Atlanta Club since April 2008!
As I think back on the real estate activity in Olde Atlanta Club over the past 15 months, I’ve seen several key sales that affected the value of our homes. These strategic sales paved the way for higher values in our neighborhood.
In 2014, 6220 Zinfandel started our Spring real estate market off when I sold it for $489,900. This price topped all 2013 sales, leading the way for even higher prices in 2014. Later that summer, 6450 Sterling Drive sold for $515,000, establishing a solid path for 2 non-listed homes on Ansley Way which sold for $523,000 and $525,000.
Because of these previously documented FMLS sales, other homes in OAC will almost certainly attract higher appraisal values, thus potentially allowing them to sell in the $500,000 + range.
Because of the continuing increase in sale prices, OAC’s average price has currently risen to a whopping $437,000, after finishing at $427,000 in February (a $10,000 improvement in one month). The only downside (if you even call it that) is that our inventory level is currently very low with only 6 homes for sale! Agents and buyers are regularly calling me seeking new listings. As you would expect, the low inventory is having a positive effect on prices.
To see homes for sale in OAC, visit my website.
Melody Parker - Realtor 