Is Decatur’s Luxury Housing Growth Sustainable?

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The Porta-Potty: International Symbol of new construction housing.

The Porta-Potty: International Symbol of new construction housing.

Luxury real estate in Decatur has had quite a ride over the last three years.

Consider the following:

  • In 2012, 6 homes sold for over $800,000.
  • In 2013, 11 homes sold for over $800,000.
  • In 2014, 17 homes sold for over $800,000.
  • In 2015- wait for it- 41 homes have sold for over $800,000 and there are 4 are under contract.

Whenever you see a sevenfold increase in any market, it’s safe to call it a stunning trend.  There are plenty of reasons why this has happened:  an increasing market in general, an explosion of new construction (driven through Decatur lately?), award winning schools, access to mass transit, a thriving downtown area and (relative) affordability compared to comparable new construction in Intown Atlanta.

Will the trend continue?  Certainly, there are factors that support Decatur’s continued growth… but at this rate?  We’re optimists, but it seems highly unlikely that the upward trajectory is sustainable at these levels.  To discuss buying or selling a home in Decatur, contact one of our experts to schedule your confidential consultation.

Source: First Multiple Listing Service (in other words no “off market” sales)
Image By David Shankbone (attribution required) (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html), CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/) or CC BY-SA 2.5-2.0-1.0 (http://creativecommons.org/licenses/by-sa/2.5-2.0-1.0)], via Wikimedia Commons
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