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The $25 million, 50-home development is situated on 15.39 acres on the corner of Hay Renfroe Drive and Villa Rica Highway in Paulding County.
The number of Atlanta sellers making concessions to buyers is up from last year.
The incoming executive has held similar roles at BlueLinx Corp. and Extended Stay America.
Florida-based developer Advenir Oakley recently purchased about 28 acres for the $65 million LEO at Cartersville community.
Despite solid demand, a dearth of homes for sale kept transaction numbers muted in the association’s most recent report on pending sales.
The homebuilders’ volunteers gave a lift to area homelessness nonprofits Breakthru House and The Drake House.
WalletHub ranked Atlanta No. 15 among the 68 largest U.S. cities by home affordability.
“Don’t give up, it will come.” — Audrey Johnson, Agent, Coldwell Banker, Marietta/West Cobb
A shortage of existing inventory continues to drive buyers to new construction.
The new owner plans to conduct extensive improvements to turn the class-C asset into a class-B one.
At the same time, days on market slid to 11 days from 18 a year ago, indicating “homes are selling even faster than before,” the group’s president said.
Only 18 of the 50 largest U.S. cities were found to advantage buying a home over renting by real estate data firm Clever.
Multiple-offer situations have returned with the spring buying season while distressed and forced sales are “virtually nonexistent,” the National Association of REALTORS® said.
The hire follows the December 2022 firing of the homebuilder’s senior vice president for field operations, who had been tapped to become COO on Jan. 1.
“Learn as much as you can, and be confident.” — Esther Ozuna, Realtor, Coldwell Banker Realty Intown
Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market.
