ResalesGeorgia"s Peachtree City Enjoys Renaissance
Established in 1959, Peachtree City is recognized as a showcase of master-planned communities. While the city is in a buyer"s market, new development is still continuing, say local Realtors.
"This family-oriented city has been cited by the National Association of Home Builders, Better Homes and Gardens, Ladies Home Journal, Southern Living and the Wall Street Journal," says Realtor Dianne Maney. "The city features three golf courses, two lakes, a 2,200 seat amphitheater, a professional tennis center, an indoor/outdoor aquatic complex, and numerous other recreational facilities. The city"s unique 90-mile network of paved recreational paths is enjoyed by pedestrians, bicycles and golf carts. The city enjoys ready access to interstates I-75 and I -85, State highways 54 and 74 which pass through the community and Atlanta"s Hartsfield International Airport, off and on the world"s busiest. Peachtree City"s own Falcon Field Airport has a 5,220 foot lighted runway accommodating up to 300+ executive and pleasure aircraft. The City has a population of 38,000, the city government is headed by a mayor and four councilmembers with an infastructure of all common services except schools which are provided by Fayette County, the average rainfall of 48.60 inches per year and the average tempertures are 87 degrees in the summer and 34 degrees in the winter."
Maney advises, "The Peachtree City Home Sales Market is good to excellent with an average sale price of $225,000 for a 2,000 - 2,500 SF, 4 bedroom, 2 1/2 bath on a .5 acre lot."
Says Realtor Ken Parker, "With the city"s rapid and recent growth, the majority of Peachtree City"s housing is fairly new. There is some new construction taking place and a sizeable inventory of attractive resale homes on the market, as well.
He suggests, "While homes are available in virtually all price ranges, the average Peachtree City home sells for a median price of $241,900 and will typically be a newer, 3 or 4 bedroom home of about 2000 to 2500 square feet. Peachtree City"s 120-plus subdivisions offer diverse housing opportunities. Rental houses and apartments are also available. Peachtree City is experiencing fairly good real estate activity for this time of year. Of course, with airline industry uncertainties, there are fewer buyers at this time, causing the overall market to slightly favor buyers."
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