Average Decatur home price tops $500k
Atlanta INtown published an article exploring housing trends in Decatur and its surrounding communities.
In short, single family housing is getting more expensive. According to Atlanta INtown:
Kerry Lucasse, Team Leader of the Nest Atlanta Real Estate Group at eXp Realty, reported that, based on MLS research, the average Decatur single-family home sales price last quarter increased $70,000 from the same time last year, from $459,000 to $534,000. When comparing the second quarter of 2014 to the second quarter of 2008 (before the market crashed), the average sales price has risen by $168,000 from $366,000 to $534,000. Part of the dramatic increase in average sales price is due to the influx of new construction homes ranging in price from $650,000 to over $1 million.
The whole article is worth a read. To see it, click here.
The city of Decatur has made a point of trying to find ways to promote affordable, non-subsidized housing. The city is considering an overhaul of its zoning rewrite, which will include zoning classifications intended to promote economic diversity in housing. City Commissioners will consider adopting the final draft of the ordinance on Oct. 20.