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Villa Rica feels tide about to turn on home building by Spencer Crawford/The Villa Rican 6 days ago | 695 views | 0  | 11  | |  Construction began last month on the first two houses in the Liberty Point subdivision on Conners Road. Some Villa Rica officials are optimistic recent inquiries by several developers about similar projects may be a sign that construction may begin to rebound. Liberty Point is slated to consist of 700 homes built in phases over 10 years. (Photo by Spencer Crawford/The Villa Rican.) slideshow Villa Rica’s year-end building permit numbers reflect the shift in the housing market from new homes to foreclosures, but city officials are seeing signs there might be at least a slight rebound in 2010. The city finished 2009 with the worst annual building permit totals in at least 10 years, with only 25 new permits issued last year — 14 commercial permits and 11 residential building permits. There were an additional 21 permits issued in the “other” category for additions, renovations and permit renewals. Villa Rica’s busiest new construction months in 2009 were in March and November, when there were five new permits issued in each of those months. Villa Rica’s all-time high for new building permits was set in 2006 with 662 permits issued, 577 of which were new residential construction. Before the latest figures had been released, the city’s lowest total in the last 10 years was in 2008 with 69 new permits issued, 38 of which were residential. Knowing that 2009 would be a down year due to the economy, city officials had projected they would receive 45 new building permits last year based on an informal survey of the expectations of local builders. But as foreclosures flooded the market new residential construction came to a grinding halt. There were no new residential permits issued on the Douglas County side of the city until two were issued in December. “I’m disappointed we had so few, but at least we’re seeing signs of improvement,” City Manager Larry Wood said. Community Development Manager Taurus Freeman said that many developers have stopped by City Hall recently and expressed interest in building homes in Villa Rica in the coming year. Among those is the Liberty Point subdivision on Conners Road where construction has already begun on two homes in the proposed 700-home subdivision that is slated to be built in phases over 10 years. Freeman added that there is another development in the process of being sold and the prospective buyers have said they plan to build new homes there soon after the property is acquired. “Our forecast for next year, we’re very optimistic about it because we do have some people willing to continue to build,” he said. “We may not see the kind of growth we had in past years, but I do think we’ll see an increase in 2010 as opposed to 2009 and 2008.” Another sign that residential construction may begin to pick up comes in the real estate market, where Freeman said he has been told by several Realtors in Villa Rica and other metro-Atlanta communities that the foreclosed homes on the market are selling well and the inventory has dropped. At the same time, he said the price point for new construction has dropped and potential buyers are seeing that they can get a brand new home for about the same price as foreclosed properties already on the market. “I don’t think the market will ever rebound to what we had before, but once it picks back up we ought to easily get at least 100 new homes per year,” Freeman said. Some real estate experts have predicted an increase in the number of commercial properties that will be foreclosed on this spring. But city officials aren’t too concerned because even as the economy has lagged city officials point to the fact that when a business in Villa Rica has gone vacant in the last year it typically hasn’t taken long for a new entrepreneur to set up shop. The city is currently in the process of gathering its business license renewals for the coming year and once the process is complete officials said they will be better able to gauge how many businesses the city will have operating this year compared to last year. The city saw a tremendous increase in business licenses in 2009 versus 2008 even though city officials expressed skepticism then that the economy would be able to support that trend. “We’re fortunate compared to other cities not to have that decrease,” Freeman said. “We have a lot of strong businesses here and our citizens seem to support those businesses.”
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List/Sold Price Analysis| MLS # | Address | List Price | Sold Price | SP/LP % | DOM |
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| R105804C | 10048 EAST FOSTER COURT | $139,900 | $131,000 | 93.64% | 353 | | R105934C | 2210 Ashton Dr. | $184,900 | $179,900 | 97.30% | 350 | | R107559C | 5046 Woodmont Drive | $169,900 | $162,000 | 95.35% | 238 | | R108173C | 8082 Cypress Ct. | $188,000 | $174,900 | 93.03% | 150 | | R108620C | 2070 AYERS CREEK CT | $215,000 | $193,000 | 89.77% | 94 | | R108708C | 9163 BEECHWOOD LN | $179,900 | $174,900 | 97.22% | 134 | | R108715C | 5009 MONTICELLO DR | $85,900 | $90,000 | 104.77% | 60 | | R108749C | 7286 TARA | $104,500 | $99,500 | 95.22% | 86 | | R108855C | 6077 Wayfarer | $69,900 | $64,000 | 91.56% | 73 | | R109005C | 5006 Monticello | $179,900 | $180,500 | 100.33% | 53 | | R109832C | 8081 CYPRESS CT | $152,000 | $150,000 | 98.68% | 33 | | | | Totals: | | $1,669,800 | $1,599,700 | | | Averages: | | $151,800 | $145,427 | 96.08% | 147 |
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Nearly New
• 1,601 sq. ft., 2 bath, 3 bdrm single story - MLS® $115,000 - Great Ranch Fairfield Plantation, Villa Rica - Carroll County - WELL MAINTAINED RANCH, 3 YEARS OLD, ALMOST NEW! GREAT ROOM WITH CATHEDRAL CEILING, SEPARATE DINING ROOM, GALLEY KITCHEN, HUGE LAUNDRY AREA, DOUBLE GARAGE, LARGE MASTER BEDROOM, WOODED LOT WITH BACK COVERED PORCH. GREAT FIRST HOME! Property information
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Double Lot, Finished Basement
• 3,100 sq. ft., 3 bath, 4 bdrm single story - MLS® $225,000 - Just Listed Fairfield Plantation, Villa Rica - Carroll County - BEAUTIFULLY MAINTAINED HOME ON A DOUBLE LOT IN GATED COMMUNITY. LOTS OF WINDOWS AND OPEN ROOMS. MASTER ON MAIN, LARGE OVERSIZED ROOMS, COUNTY KITCHEN, HUGE ISLAND, SOLID SURFACES, HARDWOODS IN KIT, GREATROOM, BASEMENT. LARGE FULLY FINISHED BASEMENT WITH KITCHEN. TWO GARAGES AND TWO DRIVES. MUST SEE. Property information
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• 1,763 sq. ft., 2 bath, 3 bdrm single story "No Steps" - MLS® $134,900 - Ranch in Gated Community Fairfield Plantation, Villa Rica - Carroll County - GREAT PRICE FOR SUCH A WELL MAINTAINED HOME. ONE LEVEL ON CRAWL, LEVEL DRIVE, OVERSIZED REAR DECK CARPET AND PAINT ARE ALMOST NEW. ALL APPLIANCES STAY INCLUDING REFRIGERATOR. WON'T LAST AT THIS CONDITION!
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Fairfield Plantation, Villa Rica - Carroll County - Announcing a "JUST LISTED" on 3149 Lakeview Parkway, a 1,763 sq. ft., 2 bath, 3 bdrm single story "No Steps". Now MLS® $134,900 - Ranch in Gated Community. Property information
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List/Sold Price Analysis Fairfield Plantation 3rd Qtr 2008| MLS # | Address | List Price | Sold Price | SP/LP % | DOM |
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| R101638C | 4182 Golfview dr | $67,900 | $66,000 | 97.20% | 171 | | R103040C | 9189 LAKEVIEW PARKWAY | $103,420 | $90,000 | 87.02% | 40 | | R102297C | 5319 Greenway Dr | $105,000 | $102,303 | 97.43% | 166 | | R102985C | 3095 BRIARFIELD COURT | $112,000 | $109,000 | 97.32% | 58 | | R103319C | 5243 LAKEVIEW PARKWAY | $116,900 | $113,900 | 97.43% | 74 | | R102442C | 1077 MAGNOLIA DR | $126,500 | $124,900 | 98.74% | 159 | | R103610C | 5508 STONEWAY COURT | $129,900 | $120,000 | 92.38% | 78 | | R101856C | 10067 E FOSTER CT | $136,900 | $139,900 | 102.19% | 131 | | R102802C | 1260 Heritage | $149,900 | $145,000 | 96.73% | 81 | | R103424C | 5535 CENTRY | $159,900 | $164,118 | 102.64% | 55 | | R103092C | 2363 Battle Drive | $164,900 | $165,450 | 100.33% | 80 | | R99862C | 6154 FAIROAK DRIVE | $174,900 | $150,000 | 85.76% | 259 | | R103290C | 6099 Belleway | $179,900 | $178,350 | 99.14% | 81 | | R103809C | 2255 Sharondale | $184,000 | $184,000 | 100.00% | 44 | | R99475C | 7239 Tara Drive | $189,900 | $183,500 | 96.63% | 272 | | R102256C | 7383 N.Mitchell ct. | $209,900 | $195,000 | 92.90% | 129 | | R103523C | 4035 Golfview Pl. | $220,000 | $214,600 | 97.55% | 71 | | R103514C | 10111 LAKEVIEW PKWY | $325,000 | $285,000 | 87.69% | 74 | | R99916C | 2193 LAKEVIEW PARKWAY | $329,900 | $290,000 | 87.91% | 279 | | R103145C | 1113 Lookout Court | $460,000 | $450,000 | 97.83% | 96 | | | | Totals: | | $3,646,720 | $3,471,021 | | | Averages: | | $182,336 | $173,551 | 95.74% | 119 |
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Fairfield Plantation, Villa Rica - Carroll County - Announcing a price reduction on 2070 Ayers Creek Court, a 2,050 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $215,000 - Ranch On Full Basement. Property information
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Fairfield Plantation, Villa Rica - Carroll County - Announcing a price reduction on 9023 North Tarnwood Place, a lot / land "On Quiet Culdesac". Now MLS® $139,900 - . Property information
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• 5,000 sq. ft., 6 bdrm ranch - MLS® $499,900 - Below Apparisal Rural Carrollton, Carrollton - Beautiful All Brick Ranch all on 6.82 serene acres. Just Northwest of Carrollton Ga. 3 SIDED BRICK W FINISHED BASEMENT. ABOVE GROUND SWIMMING POOL. 30 X 40 DETACHED BRICK SHOP W 1/2 BATH. LIVINGROOM HAS 15' CEILING & FIREPLACE. SUNROOM OFF LIVINGROOM. KITCHEN HAS OUTSTANDING CABINETRY, STAINLESS STEEL APPLIANCES, SOLID SURFACE COUNTER TOPS, DOUBLE OVENS & CHEF'S GAS 5 BURNER COOK TOP. MASTER BATH W DUAL VANITIES, JETTED TUB & CUSTOM SHOWER. FINISHED BASEMENT W FULL KITCHEN & BATH. Property information
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Fairfield Plantation, Villa Rica - Carroll County - Announcing a price reduction on 2070 Ayers Creek Court, a 2,050 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $219,900 - Ranch On Full Basement. Property information
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