Two-fer Tuesday on the Second
categories: Alpharetta Real Estate, Buyers, Listings, Milton Real Estate
In honor of the number 2, on this second day of the new year, I thought that I’d mention two properties that are not on the market yet, but will be momentarily. For those early birds out there, this represents an opportunity to get first dibs on these homes. Both are in the Milton High School district.
You might be saying to yourself: “But it’s January and not exactly a seller’s market…why the rush?”
My answer to that is that you’re right, to an extent. As we enter 2007, the local real estate market is more in equilibrium than anything else: There is about 6 months of inventory on the market and the “Days on Market” is between 65-70. However, you have to look at the market in price segments - and homes priced between $400,000 and $700,000 are still selling briskly, particularly if the house is at all in decent condition. It is the higher end of the market that is slower and dampening the overall market.
Within that context, here are two homes that I suspect will sell relatively quickly. The first is in the Crabapple Crossing Elementary school district and is in one of the few newer sub-divisions. Three-years old, three sides brick and three-car garage — hey, I thought this post was a tribute to the number two! Anyway, this home has 5 BR and 4 BA, fireplace in the master and a full unfinished basement. The asking price will be $522,000.
The second house is on an acre lot with woods in the back. It has 6 bedrooms, 6.5 baths three-car garage, too. It has a finished basement with entertainment room. It is $700,000 and for the money a better buy than comparable new construction because the basement is already finished and the house is in top condition.
These homes will hit the Multiple Listing Service in the next week or so, so get the worm now, if you’re inclined.
There is apparently a great deal to study about this topic. I think you made some good points.