2014 is almost over and it was a great year so far in Crooked Creek.
Home Values rose by 5-10 percent during the year depending on the home condition and location within the community. Crooked Creek saw prices drop by a little over 20 % during the Great Recession but that was less than the Milton, GA area in general and much less than Metro Atlanta as a whole. The reason for the lower than average drop was because of Crooked Creeks great location and new investment in the great neighborhood amenities in 2008/2009.
As a rule values are currently at about 2006 levels. What that means is if someone bought their home in 2006 it is worth about the same today after dropping ~20% from the peak in 2007. If they bought in 2007 they are still valued below what they paid by around 5%.*
With over 45 homes already closed and few more pending it was also the highest number of resales since 2007. There are currently only 14 active listings which is extremely low.
Sales in Past Years
(current MLS records are incomplete for March 2007 and earlier)
* All values are relative and a recent CMA or Market Value Analysis must be done by a very experienced agent to get the actual sales value. Don’t rely on refi appraisals or other methods for the value as they can be way off the market or resale value in the current market. (see our other blog on market value vs refi values)
In addition to a record number of homes closed so far and the great increase in values, Crooked Creek was also finally able to Privatize the roads and will move to install 24/7 guarded gates in 2015. More about that in a future post.
With 8 homes closed YTD 2014, 1 currently pending and 3 active listings www.CrookedCreekHomeSales.com and Mike Stevens continue to be the dominate real estate agent group in the community. Please call 770-905-7053 or email mike@NorthAtlantaTeam.com anytime for a free no obligation consultation.
Mike has been involved as either the buyers agent or listing agent with over 20% of all homes sold in Crooked Creek since 2007!