Homes built in the mid-20th century are among the largest number of
resale homes available in the country.
Currently, there are only 44
resale homes available for sale in an urban center of more than 80,000 residents, with most priced above $ 1 million.
Not exact matches
What that means to the overall market is that there are fewer
homes available for
resale.
The company offers prospective buyers some of the largest inventory of
homes available in both
resale homes and new construction
homes.
The median asking price of
available resale homes is nearly $ 1.4 million, according to the Northwest Multiple Listing Service.
With no loans
available to build any new
homes and people still moving to Atlanta, we are heading in a direction where there is a scarcity of new construction and a lowering supply of
resales.
PICTURED ABOVE AND BELOW: The number of
home sales and the number of
available listings offered for sale below $ 750,000 has been in dramatic decline within the
resale market as median priced
homes rise and new construction offerings, few as they are, struggle to deliver meaningful numbers of
homes at more affordable price points.
In Ontario, economic uncertainty, rising new housing prices and a greater selection of
homes available in the
resale market will result in fewer new
home sales in 2008 and, by extension, a dip in new
home starts in 2009.
Seen strictly from the standpoint of
resale, carving a bathroom out of
available space, especially in a
home that has only one or one - and - a-half baths, might be the most productive remodeling project owners can undertake.