Atlanta Intown Paper published a great article about the state of Atlanta’s real estate market in 2011 - both what is behind us and what we think is to come. The President and Founder of Atlanta Fine Homes Sotheby’s International Realty, David Boehmig, was featured in the article with the following content:
Comments on the Atlanta Housing Market from David Boehmig
Specializing in high-end homes in both Intown and Buckhead, Atlanta Fine Homes Sotheby’s International Realty opens its first Intown office this month. Why now in the midst of a challenging marketplace?
“Over the past year, we have attracted some of the best agents in the Intown marketplace, and, accordingly, have been very well received by home buyers and sellers,” says David Boehmig, president and founder, Atlanta Fine Homes Sotheby’s International Realty (atlantafinehomes.com). “As the economy continues to improve, we feel that we will be very well positioned to help clients to buy or sell their next home.”
Boehmig says his office is seeing strong sales activity for homes at high-end price points and notes increased activity in communities such as Ansley Park, Morningside, Druid Hills and Decatur. For Buckhead and Ansley Park/Morningside in particular, he finds that “both markets have seen a nice bump in the average sales price of their homes. Also, the inventory of available homes has dropped, which will ultimately lead to stabilizing, and then rising home prices.” (Click here to see a recent sale in Ansley Park.)
He, too, sees buying — both as a future homeowner and an investor looking for rental properties – as a wise investment. “ ‘Smart money’ is now buying properties,” adds Boehmig. “In some cases, this applies to investors, but more and more it applies to individual homebuyers who, after four years of this real estate downturn, are ready to take advantage of the low interest rates and good supply.”
Please click here to read the entire article on the State of the Atlanta Real Estate Market from Atlanta Intown Paper.