Local News
Real estate news in Atlanta
The Stone Crest Estate new-construction neighborhood is located in Fairburn and offers one- and two-story homes.
Atlanta’s housing inventory totaled 8,822 units in October, a year-over-year decrease of 28.3%, while new listings slid 2.2% from September and 9% from October 2020 to 7,851, Atlanta REALTORS Association reported.
The 243-unit multifamily community is located at 3345 Fairway Oaks Drive in Lawrenceville and is adjacent to the former Northwood Country Club golf course.
Demand for second homes was up 70% from pre-pandemic levels in October, according to a new report from Redfin. This outpaced August’s 48% gain but was below January’s record 91% growth.
The class-B complex was built in 1985 and features one-, two- and three-bedroom units. On-site amenities include a pool overlooking a private lake, fitness center, lakeside clubhouse, dog park and playground,
As of Sept. 30, the National Association of Realtors (NAR) had collected $229.6 in dues from its 1.542 million members, according to a RealTrends report.
Among the 51 metro areas surveyed in October, closed transactions were down 6.4% from September, nearly twice the average pre-pandemic decline of 3.3% between 2015 and 2019, RE/MAX said, citing its National Housing Report.
Ivy League Realty was founded in 2019 by Ivy Sears and has a second office in LaGrange.
Poplar Place in Dallas is a gated community and will offer 135 home sites priced from the $310,000s to the $400,000s.
The world’s wealthiest dog is about to get a little richer. Worth nearly half a billion dollars, the German shepherd named Gunther VI recently listed the former Miami estate of Madonna for $31.75 million, according to a press release.
RESICAP and Rockpoint Group plan to build on their existing single-family rental and build-to-rent partnerships that have thousands of rental homes in operation or under development throughout the Southeast.
The development, Continuum Alpharetta, would add 82 for-sale condominiums, 488 apartments, a 218-room boutique hotel, 77,600 square feet of commercial and retail space and 1,028,500 square feet of office space.
The properties are Grace Chamblee, a 306-unit community in Doraville, which was purchased for $47.7 million, and Retreat at Stone Mountain, a 212-unit complex, which was purchased with Admiral Capital Group affiliate AB Finance for $26.4 million.
The Park at Netherley was built in 1988, and since 2019, more than $1 million in capital improvements have been completed to increase curb appeal, upgrade interiors, improve exteriors and boost common-area amenities, the investment firm said.
At the same time, the median sales price of properties sold rose 20.1% to $340,000, Georgia MLS reported.
The class-A property, the Quincy, was acquired by Capital Square 1031, which sponsors Delaware statutory trust offerings for Section 1031 exchange and accredited investors, for an undisclosed amount.
