The real estate market in Cobb County continues to improve as we roll in to 2015. “The current real estate market is in the upswing,” says Phyliss Graham, 2015 president of the Cobb Association of Realtors, which includes approximately 1,400 licensed real estate brokers and sales persons in Cobb. “Starting in 2013, it has steadily been climbing out of the housing slump that had a hold of the community, county, state and nation as a whole.”
According to Coldwell Banker’s March 2015 Market Watch program, the number of units sold in March 2015 were up by 8 percent from last March, and sales were up 24 percent from February 2015. There were 660 homes sold in March and 532 sold in February. Additionally, the average number of days a home remained on the market was down 13 percent from last March — 69 days to 60, and the average listing price increased from $264,000 in March 2014 to $300,000 in March 2015.
“The future of Cobb County looks exceptionally well,” Graham says. “We will continue to have positive growth in the county. We have some Fortune 500 companies moving to and around Cobb County.” These include Comcast, which will be locating its headquarters in the new Atlanta Braves development, in addition to Vonage Business Solutions and Greenway Health that expanded to Cobb last year.
Graham adds that during the association’s March 18 meeting, the group also received “excellent updates” from Cobb Chamber of Commerce President and CEO David Connell. “He gave the association an update on the Atlanta Braves stadium and the area,” she says. “This will bring positive growth to the area and help the community be a vibrant focal point for new transferees and up and coming graduating students.”
Cobb’s continued success in the housing market can be attributed to:
- Great school systems
- Low crime rates
- Community involvement
- Proximity to highway and interstate systems
- Public parks
- Proximity to Downtown Atlanta
- Smyrna’s and Vinings’ work, play and live areas