There’s been a surge in the luxury housing market in Georgia. Home buyers on the hunt from New York, California, and Washington, to name just a few areas, are seriously considering Georgia as a place to relocate or invest. It’s easy to see why. Georgia has beautiful landscapes, a rich history and a thriving economy – and its luxury real estate market offers value that’s hard to beat.
Here’s a quick look at why investing in luxury real estate in Georgia may be right for you:
Market trends in Decatur
Since there is variance in real estate trends across Georgia, let’s take Decatur as a snapshot of the real estate market in Georgia. The median price for a home sold in Decatur in March 2023 was $315,000. The median home price in the United States was set at around $430,000. Decatur is considerably more affordable when it comes to home buying. But does this translate to luxury properties?
What you can expect from a luxury property in Decatur.
Traditional Southern luxury homes are often complemented with stunning architectural details like ornate moldings, grand staircases, and large windows that let in plenty of light. Luxury homes in Georgia are also designed to take full advantage of their natural surroundings, whether it’s a mountain view or a waterfront location.
At around $1,375,000, you might see a property with 5 bedrooms and 3.5 baths. The house could cover an area of over 3,000 sqft, and the location likely be within walking distance of the best amenities Decatur has to offer. Of course, this is just an example.
Although some homes in Georgia were built in the early 20th century, a luxury home built in this time is very likely to have been remodeled and upgraded. This preserves the classic beauty of many luxury homes yet provides all the benefits of modern constructions.
Luxury homes in this price range are immaculately finished with top-of-the-range fittings and appliances. The kitchens are often gourmet and the dining rooms are open and airy, perfect for family meals and entertaining. The property will also likely have considerable outdoor space, either a front or back porch, again perfect for entertaining or for you to simply enjoy. There’ll be plenty of storage indoors but should you need more, a garage or an external building can greatly increase your capacity.
The luxury housing market in Georgia is typified by understated elegance. Look for stunningly beautiful surroundings and have every indoor amenity to create a comfortable and beautiful home, that’s as stylish as it is a pleasure to live in.
Investment opportunities
Investing in luxury real estate in Georgia can be a financially sound decision for a variety of reasons. For instance, Georgia’s economy is robust and diverse, with sectors such as healthcare, technology and finance driving job growth. The state’s population is also steadily growing, and there is a need for more housing. Additionally, luxury properties in Georgia also offer investors the opportunity to earn income from short-term rentals or vacation home rentals, which are popular among tourists visiting the state’s attractions.
Working with a local real estate agent like Chad Carter can help you learn more about the luxury housing market in Greater Decatur and throughout Georgia. Call Carter and Associates at 404.944.6577 or leave a message here.