Remember how we were just telling you about the FHA approved condos at Serrano? Well, they recently made headlines for experiencing record sales in the past five months. Since August 2010, these luxury Sandy Springs condos have sold 51% of the available units. Selling over half of the inventory in only five months is considered a success in any economy, but given the current circumstances of the housing market, this feat is truly remarkable and speaks volumes about the product.
In the Sandy Springs real estate market, you will be hard pressed to find another community that offers such affordable pricing in such a prime location, and it is probably these characteristics that have made Serrano recession-proof. In the past five months, the average price of homes sold was $142,605, but the community does have units as low as the $120’s. However, the low price does not mean that you have to sacrifice on the quality or elegance of your home since stainless steel appliances, granite countertops, crown molding, glass enclosed showers, hardwood floors and balconies are just a few of the included features.
We already discussed why these condos were such a fantastic opportunity for first time home buyers, but it seems as though home shoppers are figuring that out all on their own. The next point we need to emphasize is not to hesitate in purchasing a new home at Serrano as these units are setting records for how quickly they are selling. For more information about the sales numbers at Serrano, see this article from CityBizList.com.
Also remember that if these condos are not exactly what you are looking for in a new home, the Sandy Springs housing market is full of fantastic deals, from condos to single family homes and in all price points. If we can be of assistance in your Sandy Springs home search, don’t hesitate to contact us.
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