Investor · Decatur Atlanta, GA · Member since 2011 · 612 posts · 232 votes
Decatur 30032 was one of the most investor flipped zips in the US in 2017, but things are started to maybe get back to normal if not slow down. In 1st quarter YOY comparison of that zip sales were flat at 148 vs. 146. However, the number of listing exploded by more than 50% from 219 to 337. That's a lot of inventory. Median sales price went up almost 15% and number of days on the market went from 38 to 43, still not bad. Would you consider still investing in this area?
As with any market Supply and Demand play their role. If one is out of balance it will effect the other. This zip is out of my preferred area but if the numbers still worked I would do a deal in that area.
As with any market Supply and Demand play their role. If one is out of balance it will effect the other. This zip is out of my preferred area but if the numbers still worked I would do a deal in that area.
@Kevin Polite - I invested in that zip back in 2017 and it was a Great time with house prices soaring! Like you, I’ve seen the market slow down. Last time I checked there was about 4 months of inventory on the market for single families which is not bad but still a lot higher than where it was in 2017. I’m still open to deals in this area but I’m being extra cautious and looking for something special at this point if I’m gonna pull the trigger.
@Nicholas LaGatta pulled from GaMLS. I guess with any hot market it can't stay hot for ever. My flips had multiple offers as little as Oct 2018, but not so much now. It's still a good area, just need to shake out a little. Just seeing thoughts on this and zips similar. West End, West View and anything close to the Westside Beltline is really hot and wonder is it stealing buyers that want a more walkable area.