We have found that people have very contrasting opinions on home prices in the current market. Many feel that prices are coming down due to the higher interest rates while others believe that prices are rising due to the low supply of homes for sale. The truth is, prices are still going up but not as fast they were in 2020 and 2021. For example, in 2020 the average home price in Clarke County was $258,000. By the end of 2022, the average home sale price was $356,000 representing a 38% increase in just two years. As of November 30th, the average home sale price in 2023 was $377,000 which represents a 6% increase from 2022 which is more in line with historical rates of appreciation.
At 5Market Realty, we like to spotlight and support other businesses in our community whenever possible. In the February issue of Stroll 5 Points, we are spotlighted Bitty and Beau’s coffee which is owned and operated by Mike and Diana Langhorne. Located on Lumpkin Street between campus and 5 Points
This month, we are spotlighting Jerry Slater, the owner of The Expat, The Lark Wine space, and the newly opened Slater’s steak house which is located just down the street from The Expat on Lumpkin in the heart of 5 Points. Offering an Italian focused menu, high end cocktails, and a superb wine selection, The Expat has quickly become one of Athens’ most popular restaurants,
When looking to buy a condo in Athens, GA, working with an experienced real estate agent like Scott Talley can be a game-changer. Scott is a licensed real estate agent who has worked in the industry for several years. He has an in-depth understanding of the Athens real estate market, and he can help you find the right condo that meets your needs and budget.
While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis.
I am a lifelong Georgia fan, and I was born in March of 1981 shortly after the Bulldogs won their last national championship in the Sugar Bowl. Since then, the Bulldogs have had some close calls with another outright title in 1981, 1982, 1984, 2002, 2007, 2012 and the most recent heart break of the 2018 national championship game.
As you can see, there has been a drastic increase in property tax revenue over the last 5 years. In fact, that revenue stream has far out paced the other areas of revenue as demonstrated in the graph. This graph shows the real story of our local tax increase which has been $20,000,000 of increased revenue over 5 years
First, let me say how grateful I am that there was a college football season. It is one of the few sports that I am truly passionate about. Years ago, my wife told me I could either be a Bulldog fan or a Falcon fan, but I couldn’t be both. She said there was no way she could let me ruin a Saturday and a Sunday if both teams lost. I like the Braves, but I don’t love them. I don’t follow the NBA at all anymore, and as a Georgia fan college basketball just isn’t much fun. What I can’t believe is how hard so many people worked and sacrificed so that these kids could compete and have a chance to fulfill dreams while also entertaining us. That leads me to my overall thoughts on the Georgia Football Program which is overwhelming pride.