Sandy Springs Real Estate
One of the best indicators of a strong real estate market is the average percentage of the asking price when compared to the sell price because this statistic indicates how willing buyers are to pay what sellers are asking. In Sandy Springs, 94% of the homes priced under $500,000 sell at the price advertised and 95% of the homes priced between $500,000 and $2,000,000 sell at the price advertised. This means the real estate market in Sandy Springs is strong and healthy. Opportunities to purchase include undeveloped land, starter homes, single family homes, townhouses, condominiums, Chattahoochee riverfront estates, mansions and retirement communities. Prices range from $70,000 to over $1 million for condominiums and townhouses, and from the high $100,000’s to $3.5 million and higher for large Antebellum and Craftsman style estate properties with scenic riverfront views, swimming pools and hot tubs.
Property values are high and the cost of living is relatively low
There are not many locations left in America where property values are high and the cost of living is relatively low. In Sandy Springs, the cost of living is 6.81% lower than the U.S. national average while the quality of life is excellent because of the area’s thriving economy, its close proximity to Atlanta, and the wide variety of recreational opportunities that are available. Sandy Springs attracts many families with children because the schools are good and the community is located far enough away from the urban sprawl of Atlanta to retain its intimate and charming appeal. According to the U.S. 2000 Census, there were 14,494 houses and condominiums in Sandy Springs with a median value of $345,200 for owner occupied homes. In 2005, that median value was estimated to have increased to $393,666. The neighborhoods in Sandy Springs tend to be upscale, elegant and refined but it is still possible to find some great deals starting at around $180,000.