The official borders of Buckhead's Paces Neighborhood

The Paces Neighborhood is one of the many beautiful neighborhoods in Buckhead, but one that I am particularly proud of because it is my home. The neighborhood primarily has older homes from the 1950’s and 60’s, but it also has it’s fair share of jaw-dropping estates.

The one theme that ties the whole neighborhood together are the large wooded lots with old oak trees and long, winding driveways. Community pride is evident among the homeowners here and the neighbors all stay in touch through the Paces Civic Association website.

The homes for sale in Paces currently range in price from $450,000 up to $14.5 million. Feel free to contact me with your questions about this neighborhood, or others in Buckhead. As your Buckhead Realtor, I will guide you to the perfect neighborhood for you and your family!

Located near Chastain Park and Sandy Springs, this home features 6 bedrooms/7 bathrooms and the features many of our Buckhead buyers are always looking for.

Click Here to see all of the details on this home and see the photos below! Call my office at 404-492-9000 if you are interested, or have further questions.

This increase in consumer knowledge is a great thing, and I have prepared a detailed market study for the Buckhead real estate market below:

Buckhead Single Family Homes:

During the first five months of the year in 2009, we saw 267 homes sold in Buckhead. This ended up being 31% of the total to be sold that year. 

As shown on the chart below, 346 homes have traded hands during the first five months of 2010. If the same consumer pattern holds true  this year, then that means that we can expect 1116 homes to sell in the Buckhead area this year. This would represent a significant increase of 2009.

 Buckhead Condos and Townhomes:

345 Condos have sold in Buckhead so far this year, which is an excellent number considering that there are less than 1300 actually for sale! This is a significant increase over 290 sales during the same period last year, and average prices also have increased by 11.7% to $237,605. Much of this activity might be attributed to the first-time home-buyer tax credit, but overall it appears that the bottom may be behind us!

If the same monthly percentages from 2009 hold true for this year, then there would be exactly 1000 condos sold in Buckhead during 2010.

Call me to discuss your specific situation. Whether you are buying or selling in Buckhead, I would be pleased to represent you.

Ben Hirsh 

Hirsh Real Estate Group
Office: 404-492-9000
Fax:1-866-834-7641
Email: Ben@benhirsh.com
www.BuckheadGaRealEstate.com

Construction on the project should resume this summer thanks to a fresh infusion by an unnamed investor of the final $200 Million needed, developer Ben Carter told The Atlanta Journal-Constitution on Thursday.

The Vision for the Streets of Buckhead

The luxury retail development should open for business in November 2011, exactly two years behind the originally planned date. Construction at the massive site has ground to a halt as investors pulled out due to the economy.

The plans for the development remain much the same, but with the addition of several “large new tenants, including a movie theater with a bar and restaurant, a high-end bowling alley and an event facility for a local catering company”.

I am excited about this progress, and I hope it keeps the momentum going!

The average price point in Buckhead is nearly $1Million for a single-family home and $232,000 for condos, but you can nearly always find homes and condos in Buckhead at much more affordable prices, you just need a Realtor who knows where to look, and where to stay away from!

Today’s Hot Deals in Buckhead, Contact Ben Hirsh for more information or or questions about other properties in Buckhead:

$335,000 Historic 3/2 foreclosure on Roxboro road, just up the street from Lenox and Phipps Malls

$294,900 4 Bedroom/3 1/2 Bath Home.Totally Renovated & Ready to Move in.Granite Countertops in kitchen,Gas Stove,tile floor & a bulter's pantry. Near Collier and Howell Mill

$250,000 ! 3/2 1940's Bungalow with 40's period charm and many updates in Underwood Hills neighborhood. Close to 75, 85, 400 - Desireable E. Rivers school district.

If you are buying or selling a home in Buckhead, then you need the best possible representation from a Realtor who knows Buckhead inside and out, and I am your guy. In addition to being a Buckhead “Specialist” Realtor, I own the #1 Buckhead real estate website, I also write and manage Buckhead’s top real estate blog .

If you are a home buyer in Buckhead, then I can use my knowledge of the area to guide you to the right neighborhood, the best street, and the perfect home for you. I will negotiate strongly on your behalf and do everything possible to help you to take advantage of the market conditions. You will not have to worry about paying me a dime for these services, as the seller pays my commission.

If you are selling your home in Buckhead, then my team and I can provide you with the greatest exposure and marketing possible. I control the top real estate website and blog in Buckhead, so consider that over 90% of home buyers start their search online…where they find my sites and my listings. I will personally work tirelessly to give you the best financial advice concerning your home, and I will not rest until we have it sold.

Do not make the expensive mistake of working with a “Friend” or a “Cousin” who just happens to have a real estate license on the side. Work with a true expert and you will reap the financial rewards for many years to come. So here is the Big Ask: are you going to be represented by the Expert?

And, as always, a picture is worth 1000 words:

There are currently  1277 condos for sale in Buckhead ranging from less than $100,000 for a small WWII era studio to $17Million for an amazing condo at Park Avenue. Recent high-profile foreclosures on luxury condo project such as the Mansion on Peachtree may continue to bring a high supply of condos into the market at competitive prices.

During the first 4 months of 2010 there were only 270 condos sold in Buckhead. If sales volume does not increase, then we have 20 months of supply currently on the market, which is about twice as much inventory as I would like to see! Fortunately the sales number have been picking up.

The chart below shows that sales in April of this year averaged a sales price of $229,000 for the 86 Buckhead condos that changed hands. This is a 14.5% increase in average selling price of the same month in 2009 and a 24.5% increase in the total number of condos sold! This is progress:

As the Summer selling season heats up, home sales in Buckhead have also risen as expected this time of year. In February of this year 46 homes in Buckhead were sold, while in the past 30 days, 95 homes have sold in Buckhead, more than doubling the pace of sales!

The two charts below further illustrate this sale trend and show the averages:

Even at the current rate of sales, there is still a 15-month supply of homes available in Buckhead. If you are planning to sell your home in the area, then you need to have the best marketing and advice on your side. I know the market intimately and I am currently looking to increase my inventory in Buckhead. To sell your home, contact my office, or fill out the Seller Contact Form on Buckhead’s #1 real estate website and I will be in touch.

The meticulous process will transform Buckhead’s main commercial corridor between Shadowlawn and Roxboro Roads. The main focus will be on improving the streetscape, pedestrian experience, and traffic flow. This will include wider streets with bike lanes in both directions, more trees and vegetation, wider sidewalks, more benches, utilities placed out of site and underground, and landscaped medians.

As the financial heart of the city, Buckhead’s commercial district will greatly benefit from these improvements. Minus a few traffic snarls that it will cause over the next few years, residents will also benefit greatly.