Real Estate website Knock.co has published an in-depth analysis of home prices along different segments of the Atlanta Beltline.
The website has determined that development on the West End Trail trail lags behind other segments.
“There’s a massive disparity with what we are seeing near Gordon White Park vs. the Greater Atlanta market,” Knock.co found. “In 2012, it took 95 days on average to sell homes within two miles of Gordon White Park, and the median sale price was only $25,000. Last year, homes sold significantly faster – taking only 46 days to get the ball rolling on transactions. Still, prices remained relatively low as the median price was just $70,000.”
Property is on the market for a shorter amount of time these days, a sign that the area could see gains soon.
The Westside Trail, slated to open this summer, is also behind other areas of the Beltline, Knock.co found.
“In 2012, properties within a two-mile radius sold for just $23,150 and took 99 days to receive offers,” the website reported. “In 2016, sales prices increased to $65,000. More notably perhaps, is that the average time it took to sell a home went down by more than half. In 2016, homes near the Westside Trail sold within 46 days.”
To see the full report, click here.