BIZ TALK: What Does the Future Hold for Atlanta’s Real Estate Scene?

Mar 27

Despite the dark clouds of uncertainty that have enveloped our country ever since COVID hit our shores back in 2020, the real estate market is one of the few industries that has shown tremendous promise and shows no signs of slowing down.

While I discuss what the future holds for Atlanta in 2022, it is worth noting that inventory will be a critical factor in deciding which way the wind blows. After looking through several surveys and market trends, I have stipulated that the near-term future of the real estate industry hinges on the question of whether the inventory is going to support the ever-increasing demand of buyers.

Several factors can be characterized as “good” in the upcoming year of 2022. Though the interest prices have hiked a bit, they remain historically low; price appreciation is expected. According to the National Association of Realtors®, the appreciation would be up to 15% by the end of 2022.

The year 2022 would also bring an uptick in the second-home market in Atlanta as single-family homes thrive. This means that the year 2022 will exhibit a heightened interest of buyers in buying vacation homes and investing in properties that could be used for AirBnBs.

Some of the most popular and hottest areas investors should look for in the year 2022 are;

West Midtown, which has been hot for the better half of the last five years, will continue to see buyers flock to this area for access to top entertainment and F&B options. Moreover, there’s been a substantial rise in attached home development in that area. This is perfect for the growing segment of millennials looking for a neighborly feel as they start their families and want to be close to the action. Corporate investment is another huge factor here, with Microsoft’s Westside development and other major companies moving to the district to take advantage of the immense opportunity to create one-of-a-kind environments for their employees.

If you are in the mood to look for something luxurious, then keep your eyes around the Atlanta Beltline, which has been on the uptick recently and will continue to be developed with new construction and mixed use developments. Additionally, I have been seeing the return of the international buyer, which could have an impact on Atlanta as it has in the past, potentially in the luxury market.

In the end, While I don’t think Atlanta will see the same year over year gains of 18-20% that we experienced in 2021, as long as the supply/demand imbalance continues in 2022, it’s virtually impossible for Atlanta not to continue seeing price appreciation. As far as predictions go, I’ve seen national forecasts anywhere from 10% to 15% and would expect Atlanta to be at the top of those predictions due to favorable market conditions and relocation of major corporations.

Written By Nyah Chapman, REALTOR

Meet Nyah Chapman

Atlanta's Luxe REALTOR®. Hailing from Denver, Colorado, Nyah relocated to Atlanta almost a decade ago after falling in love with the sophisticated blend of city and southern hospitality. As a second generation realtor and daughter of a builder, Nyah not only inherited exposure to real estate, she developed sincere interest in the industry.

“I combine my love for real estate with my passion for connecting with people, and thoroughly understand what it is like to stand in my clients' shoes.”