Category Archives for "Druid Hills Historic District"

Atlanta Homes for Sale near Emory University

Red Brick Great Lakes Home with Steep Pitch

Homes near Emory University come in many varieties and the Emory Area encompasses a number of diverse neighborhoods.  Most are contained within a short driving distance to the University and Emory Hospital.  The area is popular with young families who are interested in excellent schools, like Fernbank Elementary.   Residents and Graduate students find this a convenient community.   Teachers, Professors and employees who live here can walk, bike, or catch a free bus to the University where they work.

Examining current Atlanta homes on the market near Emory, there appears to be three general age and style categories that prevail:

  • 1)  Historic homes  that were build between 1900 - 1936
  • 2)  Newer homes built between 1996 - 2017
  • 3)  Ranches and Bungalows built between 1940-1960
Red Brick Great Lakes Home with Steep Pitch
Red brick ranch located a top of drive in Leafmore Estates
Recent construction of red brick home with double garage in Leafmore Estates

To break it down, of 43 homes on the market near Emory today, approximately 20 are Historic homes built between 1900 - 1936; eight are newer homes built between 1996 - 2017; and 15 are Ranches or Bungalows built between 1940 - 1960.

Of the 68 Atlanta homes sold in the past six months near Emory,​ approximately 14 were historic homes (1900 - 1936), six were newer homes (1996 - 2017), and 48 homes were Ranches or Bungalows (1940-1960)

If you value convenience to shopping, great schools, diversity of homes to choose from, and being close to Emory University, Hospitals, etc., consider buying your next home in the Emory Area.

For Sale in Atlanta – Less Than Usual

Pink hue Atlanta evening skyline

Homes in Druid Hills and near Emory University have seen a decrease in real estate sales in the past several years, although not necessarily a decrease in sales price.  The Atlanta housing inventory is down approximately 12% from last year. 

According to First Multiple Listing Service statistics and to the National Association of Realtors, lack of inventory in some areas of Georgia has led to a decrease in the number of Buyers who are able to find homes in certain areas, like Druid Hills, Virginia Highlands, City of Decatur and other close-in Atlanta neighborhoods.

In talking with colleagues who work in these areas. it appears there are more Buyers who would purchase homes - if they could find one.  A number of Buyers have made multiple offers on homes in their desired area, only to be outbid when multiple offers are presented on the same property.

On properties that are likely to produce multiple offers, some Realtors are requiring strict prerequisites for offers that are presented, such as:

  • ​All Cash offers, which go to the top of the list
  • Quick Closings
  • Shortened Inspection Periods or no Inspection Periods
  • And more rare, no property showing until offer is accepted

High-end properties are not as affected as the middle and lower range, but homes in the $250,000 - $550,000 price range go quickly in Druid Hills, Decatur and other close-in Atlanta areas.

​Sellers may be reluctant to put their current home on the market for fear they will be unable to find another home in a crowded Buyers market.  Their home may sell quickly, but where will they go?

​Buyers who are looking for a home in Decatur and near Emory University may continue to experience competition when making an offer.  Here are some suggestions that may help:

  • ​Be Diligent if you lose one
  • Know there will be other houses coming on the market
  • Be willing to make compromises with the next house
  • Use a Realtor that knows your neighborhod!