A rendering of Seven Twelve Oakview (Courtesy Thrive Homes)

Metro Atlanta house sales were down in February due mostly to bad weather, but sales prices rose, according to the latest data from the Atlanta Board of Realtors. A report in the Atlanta Business Chronicle says single-family residential sales in metro Atlanta totaled 2,344 in February –  down 4.6 from February 2013 and down 8.5 percent from January 2014. Sales prices averaged $187,000 – up 16.9 percent from February 2013 and up 3.9 percent from January 2014.
The Decatur Housing Authority has erected fencing around the remaining buildings of the old Allen Wilson Terrace housing development ahead of demolition. According to Decatur Metro, the property will marketed to developers toward possibly building condos. The city has rebuilt Allen Wilson into a modern public housing development
Thrive Homes will begin construction on a new development in Decatur called Seven Twelve Oakview this month with townhomes ranging in size from 2,074 to 2,309 square feet with three and four bedrooms. The townhomes will also feature rooftop terraces, two-car garages and high-end finishes. Located on Oakview Road, the homes are expected to be finished this summer.
 

Collin Kelley

Collin Kelley has been the editor of Atlanta Intown for two decades and has been a journalist and freelance writer for 35 years. He’s also an award-winning poet and novelist.

2 replies on “Real Estate Briefs: Home sales down, Decatur developments”

  1. Rising home prices is a good sign though 3.9% within 30 days seems unsustainable. We are seeing this type of rapid price increases in many metro areas including San Francisco. In one SF district, multi-family properties saw a median value increase of 78% within the past 12 months.

  2. Rising home prices is a good sign though 3.9% within 30 days seems unsustainable. We are seeing this type of rapid price increases in many metro areas including San Francisco. In one SF district, multi-family properties saw a median value increase of 78% within the past 12 months.

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