Atlanta has always had some exceptionally beautiful real estate to offer. But the homes in this neighborhood are some of the most beautiful and in high demand.
Peachtree Heights West is a historic neighborhood in Buckhead where homes start in the $1 million price point and go up from there. The neighborhood has less than 500 homes so when one does come available for purchase, there are often people waiting for a change to make an offer. Potential residents that have their heart set on living in Peachtree Heights West can wait for up to a decade to find an available house.
For those that want to get into the Peachtree Heights West area but either can’t afford the seven-digit price tag or the long wait for a property, there are dozens of high-rise condos that stretch the length of Peachtree Road as alternatives. These high-rises can also range into the millions, but great deals can be as well.
Rental options are a viable alternative to purchasing for those that want to get a taste of Peachtree Heights West. But renters should be prepared for the same sticker shock as home buyers. The median rental rate here is $225 higher than the city of Atlanta as a whole according to HotPads. Currently, the median one bedroom in Peachtree Heights West will set you back $1,758 a month.
So what is it about this neighborhood that makes it so hot? Residents and potential residents love the prime location. Located off the heart of Peachtree Road with gyms, shopping, restaurants, and coffee shops in walking distance, the resident have everything at their fingertips. And with the historic architecture and large, manicured lawns, driving through the area feels like a step back in time.
Prices in the area have weathered the ups and downs of the real estate market over time. Over the last year, properties in Peachtree Heights West have had 12% less price cuts than previous years. Prices in the neighborhood have also gone up 2% so they are seeing steady growth despite high-end real estate typically being slower to grow in price and slower to sell.
If you are interested in learning more about properties for sale in Peachtree Heights West, contact Better Homes and Gardens Real Estate Metro Brokers at 404.843.2500 to set up a tour with one of our agents today.