If It's Wednesday, It Must Be Market Condition's Wednesday!

Spotlight on SANDY SPRINGS!

Another hectic week and it’s Wednesday again!

As you may know, one of my New Year’s resolutions is to provide a consistent Market Snap Shot of one of Atlanta’s metro cities each Wednesday all year. With the completion of this one, I’m 5 for 5 in 2011!

In 2010, I started spot-lighting individual cities in the Atlanta metro area. As the year progressed, this project didn't get the weekly focus that was originally intended. We are continue to do better in 2011 and we are still on tract for achieving the goal!

In 2010, we reviewed market conditions affecting the cities of Acworth, Alpharetta, Atlanta, Austell, Ball Ground, Canton, Cartersville, Conyers, Covington, Cumming, Dallas, Dunwoody, Holly Springs, Hoschton and Kennesaw. On January 5th we added the city of Lawrenceville to the list. On January 19th we reviewed Marietta and last week we looked at Powder Springs. Last week we spotlighted the city of Roswell.

Today the spotlight is on the city of Sandy Springs.

Sandy Springs, GA is located just north of Atlanta in north Fulton County. The city is situated just south of Roswell and west of Dunwoody and just north of Buckhead.
Sandy Springs is home to the headquarters of more Fortune 500 than anywhere in the state including Atlanta. United Parcel Service (UPS), Newell Rubbermaid, First Data, Global Payments Inc, Mirant Corporation, Spectrum Brands, Wendy’s / Arby’s Group are all based on Sandy Springs. The city is also home to Children’s Healthcare of Atlanta, Intercontinental Hotels Group, IBM Internet Security Systems, Northside Hospital, Porsche Cars North America and Saint Joseph’s Hospital all call Sandy Springs home.

The cities largest business district is the Roswell Road corridor and Perimeter Center (although Perimeter Mall actually lies in adjacent Dekalb County. Perimeter Center, which is actually the biggest edge city in the Atlanta area includes many high-rise buildings including the 570 foot Concourse Towers which are often affectionately referred to by locals as the “King” and “Queen” buildings because of their distinctive architecture and crowns at the top of each building. Just south of the business district and across or inside of I-285, is a major medical center, known by locals as “Pill-Hill” and comprised of Northside Hospital, Children’s Hospital of Atlanta and Saint Joseph’s Hospital.

To give you a frame of reference, it might interest you to know that as I write this there are currently 61,823 homes on the market and actively listed in the entire Atlanta metro area today.

Likewise, according to the FMLS, there is a total of 123 single family homes actively listed and on the market in Sandy Springs today. There are also 157 condo / town homes on the market and actively listed in Sandy Springs today.

Actively Listed Single Family Homes
This week, actively listed single family homes in Sandy Springs range in price from $174,900 for a 3 bedroom/2 full bathroom 1956 vintage ranch style home in excellent condition to $9.5 million for an exceptional New England style lakefront retreat in the heart of Sandy Springs. Some of the remarkable features of the property include a huge chef’s kitchen, vaulted great room with stone fireplace, judges paneling in the library with 2nd fireplace, wet bar and wine room, soaring 3-story foyer, master on the main with a 3rd fireplace, exercise room, full apartment over garages, elevator. Indoor pool with a retractable roof for swimming in any weather. Exclusive gated and very private 11 acre estate on a 7 acre lake. There is something for everyone in this amazing home. Did we mention 6 generous sized bedrooms, 6 full and 2 half bathrooms?


Actively Listed Town Home / Condos
This week in Sandy Springs there are currently 157 condo / town-home properties actively listed for sale. These homes range in price from $18,000 for a 1 bedroom/1 full bathroom on 1-level home in Sandy Springs off of Johnson Ferry Road, built in 1984. This home would be ideal for someone who is downsizing and doesn’t want to do stairs. The highest priced condo / town-home in Sandy Springs is located at Park Towers and offers 4 bedrooms /5 full bathrooms in a fabulous 2-story Pent House suite. The listing price is $599,000.


PENDING SALE
On February 2nd, there are currently 20 single family homes Pending Sale in Sandy Springs. These homes range in price from $274,900 to $929,900. Likewise, there are 18 Condo/Town-Homes Pending Sale today in Sandy Springs priced from $41,100 to $335,000.

SOLD Properties -- Single Family Homes
From January 1st 2010 through December 31, 2010 a total of 142 single family homes SOLD and Closed in Sandy Springs. The highest priced home to sell in Sandy Springs during the year was originally listed at $2.875 million and sold for $2.6 million or 90% SP/OLP%. It closed after 207 days on the market on 12/10/2010. The lowest priced home to sell during the year is located near Northridge Road. This was a 2 bedroom/1 bathroom 1940 vintage cottage style home needing major renovations. It was originally listed at $80,000 and ultimately sold for 81% SP/OLP at $65,000. This home closed after 27 days on the market on 1/28/2010.

Since December 1st through today, 13 single family homes were sold and closed in Sandy Springs. These homes ranged in price from $176,000 to $2.6 million.

SOLD Properties -- Condos / Town Homes
from January 1st 2010 through December 31st 2010, a total of 190 condo / town homes were sold in Roswell. Priced ranged from $15,500 to $250,000.

From January 1st to December 31st 2010 a total of 143 condo / town homes were sold and closed in Sandy Springs. Prices ranged from $8,000 to $409,260.

From December 1st through today, 14 condo / town home properties SOLD and closed in Sandy Springs. Prices ranged from $70,000, to $335,000.

As you can clearly see, homes are selling in SANDY SPRINGS, GA. Call me for a tour of Sandy Springs homes or questions regarding the Sandy Springs or Atlanta metro real estate market.

Sara Hibbard is a licensed Realtor in the state of Georgia. Sara Hibbard looks forward to answering your many questions and assisting you further when the time is right for you. Sara Hibbard is easily reached at anytime at 770-399-8108. Sara Hibbard is Glad Georgia Real Estate Is On Your Mind!