CALL US TODAY! (678) 469-5683
A luxury home's living room themed with a cream color

Posts Tagged ‘Luxury Homes for Sale’

Why Home Prices are Still Rising Despite the Global Pandemic

To say the economic news coming out lately has been disconcerting would be an understatement. Statistics concerning job losses, furloughs, and unemployment figures have pointed to upheaval in the global economy as a result of social distancing measures, which were put in place by governments to contain the global COVID-19 pandemic.

But according to recent data from, there is one statistic that should give homeowners (especially potential sellers) some comfort—home prices still appear to be on the rise. In the week ending April 25, the median home list price ticked up by 1.6% annually, compared to one year ago. The data comes from the 99 largest metropolitan areas.

To be sure, price growth was higher a few months ago, when prices were rising by over 4% prior to the lockdown. But this is still a positive sign given the turmoil in other segments of the economy, and could provide reassurance about the stability of the housing market for those considering buying or selling their property.

So why do housing prices appear to be holding steady despite uncertainty in the broader economy?

First, it could be that prices are “sticky”, according to Chief Economist, Danielle Hale:

“The slight increase this week is because prices are sticky. Home sellers are strongly resistant to lowering prices, and they’d gotten really close to declining, so we see a bounce-back. I don’t think this is a return to big price increases.”

The second reason might have to do with the reduction in inventory. The number of homes for sale has been on the decline for years, leading to a much publicized housing shortage in many parts of the country. Low inventory and high demand tends to drive prices up as more buyers compete for fewer houses.

And, after the pandemic hit, available inventory has plummeted. Some estimates put the decline of annual inventory at upwards of 17% compared to last year. Meanwhile, according to the data, the number of new listings has plummeted by a whopping 43.1%.

People are pulling their homes off the market, or waiting to list them because they’re worried about their own economic prospects, concerned with moving during such an uncertain time, or believe that the health risk of having strangers visiting their property isn’t worth it. In any event, listings have slowed, which has helped keep prices of homes that are on the market fairly high.

So, despite the constant deluge of health and economic news, home prices appear to be holding steady. This is good news for anyone who is considering selling, or wants confidence that they’ll be buying a home that has value. It might also give buyers and sellers an edge in a market where many others are choosing a “wait and see approach.”

As always, if you’re thinking about buying or selling a property, or have any real estate questions at all, don’t hesitate to reach out. Even during these difficult times, there are still great opportunities for sellers and buyers. Our team is happy to support you along the way. Call Us!


Phone: (678) 469-5683


Country Club of the South – Alpharetta GA, 30022

Country Club Of the South picture

Alpharetta GA Homes for Sale – Country Club of the South Luxury Homes for Sale

Interested in purchasing a home or ready to sell your home in Alpharetta GA – Country Club of the South Neighborhood? We are the Neighborhood Experts and will provide you with all the data and history of the neighborhood you would need! Country Club of the South is located in the prestigious North Atlanta community of Alpharetta and is a unique community. Its wide variety of price points provide broad appeal and have allowed many residents to trade-up houses in Country Club of the South as their success has allowed.


Experience North Atlanta’s Premier Private Club

The beautiful Country Club of the South offers an idyllic private haven where Members enjoy exceptional golf, premier tennis and swimming facilities, exquisite cuisine as well as genuine Southern warmth and hospitality. The perfect club for the busy family, our people and world-class facilities combine to create a fun and relaxing environment for family and professional activities.

  • With a recently completed clubhouse renovation and fun activities and amenities for the entire family, membership at Country Club of the South is the perfect complement to the friendly, welcoming spirit of the Atlanta community.
  • Play a round on the prestigious 18-hole Jack Nicklaus-designed golf course, voted one of the “Top 20 Best Courses in Georgia” by Golf Digest
  • Unwind around the fire pit with friends on the outdoor patio lounge
  • Dig into tantalizing culinary delights in casual and upscale dining venues
  • Meet new friends at the Tennis Center complete with six soft and six hard tennis courts
  • Share family time at fun-filled Club social events
  • And much more!


Click the link below for instant access to Active, Pending and Sold Homes listings in Country Club of the South, Alpharetta GA, 30022:


180 Days Real Estate activities in Country Club of the South: Report as today’s date of 08/10/2016

  • 48 Active Single Family Detached Country Club of the South homes for sale, as today’s date of 08/10/2016. Highest asking price is $5,125,000 and lowest asking price is $558,900;
  • 0 Contingent – Due Diligence Country Club of the South homes for sale, as today’s date of 08/10/2016.
  • 3 Pending Sale – Country Club of the South homes for sale, as today’s date of 08/10/2016. Highest asking price is $938,500 and lowest asking price is $689,900;
  • 22 Sold Homes – Time Period: 02/10/2016– 08/10/2016. Country Club of the South homes SOLD. Highest sold price during this period was $1,550,000 and lowest sold price was $554,000.