Atlanta Luxury Real Estate

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					Atlanta Luxury Real Estate
The Atlanta luxury real estate market is decidedly in favor of buyers
currently with inventories running extremely high which presents a unique
opportunity to leverage the market if you have decided to buy a luxury
home in Atlanta. The most significant reason for the buyers market rests
squarely on in simple explanation of an oversupply of new construction
luxury homes. This excess inventory is due in large part to speculative
building on the part of contractors who failed to recognize that the most
recent real estate “boom” was beginning to reach a tipping point at the
beginning of 2006. Neglecting to recognize historical cycles and market
conditions, the new construction continued in the luxury real estate
market until it final reached the point where the market could no longer
absorb the number of new homes arriving on the market when compared with
the number of luxury home sales. Now that the market has shifted,
builders have been forced to lower prices and/or make concessions to sell
these homes or be forced to sit on the properties, tying up their cash
flow and putting the brakes on new housing starts. The fact of the matter
is that there are as many buyers in the market for Atlanta luxury real
estate currently as there were one or even two years ago. Buyers simply
have more choices.
This scenario has created the perfect opportunity to buy Atlanta luxury
real estate right now. Timing is critical when making such a significant
investment of ones resources and with the slowdown in luxury home starts,
inventories will begin to reduce, making now the optimum time to make
your purchase. Because so many builder’s resources are tied up in the
luxury homes currently available, there are not as many homes coming on
the market. This appears to be the “bottom” of the Atlanta luxury real
estate market. So, if you have been on the sidelines, waiting for the
right time and opportunity, you have found that time. An additional
bonus, if you prefer something other than new construction, is that this
slowdown and price reduction has effected luxury homes across the city,
including resale luxury homes in Atlanta’s most favored neighborhoods
such as Ansley Park, Tuxedo Park and all of Buckhead.
Times have changed and the market is here for buyers. So don’t sit by
idly and watch as the market pendulum swings back the other direction and
you miss the opportunity. Leverage the market and utilize the unique
timing to your advantage. Hire a professional REALTOR who can explain
your choices, consult with you about your options and represent you in
your purchase of Atlanta luxury real estate now!
Ryan Ward of Keller Williams Realty Consultants is a member of the
national, state and local REALTOR associations, and resident of
Alpharetta, Georgia who specializes in listing and selling real estate in
Sandy Springs, Roswell and Alpharetta. For more information about Ryan
Ward and Atlanta luxury real estate, visit his Atlanta Luxury Real Estate
website or call 404-630-3187.