REAL ESTATE
Buckhead’s strong reputation means quick, easy home sales CONTINUED FROM PAGE 11 home” as one priced at over $1 million, but the median price of the 918 transacbuy a beautifully renovated ranch in tions in Buckhead over the 12 months north Buckhead for $1 million, but I ending in February was $1,667,961. think the price point where the upper “In the last 12 months, bracket begins now is $2.2 290 homes have sold for to $2.4 million. Homes at over $1 million, in conthis price point will be in trast to 255 homes over $1 the most desirable neighmillion selling in the preborhoods, with nice lots, ceding 12 months,” Rogtop-of-the-line amenities ers said. and large square footage.” Rogers said the progress Reed said upper brackat Buckhead Atlanta has reet condos are selling at reinforced homeowner conficord prices per foot, with a dence in Buckhead. three-bedroom penthouse “As rents increase in at Terminus selling for $2 commercial space, Buckmillion. head residential property Another change from also continues to increase 10 years ago that Reed has in value, and the increased noticed is that buyers are Michael Rogers number of retail and dinlooking for high quality. ing establishments brought “Really high-finish levels, by Buckhead Atlanta and surrounding custom-imported hardware, luxe bath commercial developments increase the fixtures, commercial- grade systems are rich array of amenities offered to Buckall more important than during our last head homeowners boom,” Reed said. in close proximity “Named archito their residences,” tects are a big draw, Rogers said. pools, steam showHe said Buckers, and wine celhead would remain lars are in higher a draw for home demand than ever, buyers because it while theaters are has larger lot sizes less popular. Buyers than many neighare also more energy borhoods inside and environmentalthe city of Atlanly conscious. Buyers ta, access to excelwould rather have a lent restaurants and whole house generaworld-class shoptor than a sixth bedThe Heery Brothers ping opportunities, room.” high-testing public Michael Rogelementary schools and nationally recers, president of Dorsey Alston Realtors, ognized private schools. said most people still define a “luxury
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