There’s no question that today’s real estate market operates differently than in pre-pandemic years. Anyone keeping up with current market trends may be skeptical about investing in real estate right now. Although the housing market continues to see significant shifts nationwide, there are still positive indicators and reasons to be optimistic if you are on the hunt for your next dream home.
While there is a general expectation the housing market will cool in 2023, not all markets will behave the same way in the coming year. When you are ready to invest in real estate, experienced and trusted local realtors are your best resource for understanding your target market and guiding you through the process.
Buying in Braselton
Georgia is one of the fastest-growing states in both population and economy. More people are relocating to this attractive area, and The Peach State is a highly desirable place to live. Much of the growth in Georgia is centered in metro Atlanta and its thriving suburbs. Braselton is one of these coveted suburbs that continues to attract affluent buyers and their families.
Braselton is roughly 40 miles northeast of Atlanta, nestled among the rolling hills of North Georgia. Braselton is home to the world-class Chateau Elan Winery and Resort, and beautiful Lake Lanier is a short 30 minutes outside of town. This is a sought-after community for its proximity to Atlanta and its small-town family-friendly atmosphere.
Braselton also attracts prominent buyers because of its exclusive high-end neighborhoods with resort-style living. Homes for sale in Braselton, GA, with a pool and other luxury amenities like indoor basketball courts, steam rooms, and wine cellars are the norm in these private neighborhoods. Whether you want to relocate away from the hustle and bustle of city life or you are looking for a laid-back but refined community for retirement, Braselton has homes to satisfy every buyer.
If you are interested in owning Braselton, GA real estate and joining this prestigious enclave, our experienced and dedicated team at RE/MAX Tru is sharing insights into the area market for the coming year. Familiarizing yourself with the expected market trends will help you make an informed and savvy decision as you consider investing in Braselton real estate.
Growth and demand
As people are able to work from home more often, many are prioritizing communities with expansive properties, ample upscale amenities, and locations with easy access to metro Atlanta and local attractions appealing to the whole family. While Atlanta continues to grow, so do its most coveted suburbs.
Overarching market factors such as rising interest rates are expected to slow the market marginally in Braselton. However, consistent growth and increasing demand for communities like Braselton mean the market in 2023 will likely continue to be competitive. This community offers everything homeowners are looking for, from highly-rated schools and luxury homes to a community-centered atmosphere with plenty of southern hospitality.
Inventory
As Braselton continues to grow, new construction projects and community development are on the rise. Additionally, overall inventory has increased since 2021. In the coming year, the amount of available homes in Braselton is expected to remain close to current levels, with modest fluctuations generally trending upward throughout 2023. However, demand in this area will likely continue to outpace inventory levels.
As inventory increases incrementally in Braselton, homes are expected to remain on the market slightly longer as buyers weigh available options. While many Braselton homes sold over list price in recent years, a slight rise in available properties will reduce the number of bidding wars and help to maintain consistent home prices. Given these anticipated trends in 2023, the Braselton market will experience a slight cooling but will remain competitive.
Home prices
Anyone monitoring real estate in recent years knows home prices have increased substantially in most markets. Various market factors, such as rising interest rates, are expected to lessen the rapid and substantial price increases you have likely observed in recent years. Some buyers and investors are hopeful a deceleration in home prices is on the horizon.
However, in desirable communities like Braselton, decreases in home prices are expected to be marginal, if they occur at all. In fact, because of community growth, limited inventory, and high demand for this area, you can expect home prices to stay relatively steady, mirroring current pricing trends.
While you may be concerned that home prices are not expected to fall significantly in 2023, market indicators suggest the price growth rate will slow substantially. A decrease in the price growth rate will alleviate the urgency many markets have been experiencing. This decrease will be an important factor as you prepare to buy a home in 2023 because although prices will likely remain near current levels, buyers should have more time to explore the market and make prudent decisions about their investments.
Home values
Discerning buyers understand the importance of investing in assets that hold their value and ideally increase profitability over time. Real estate is an investment that has traditionally accomplished both of those objectives. Additionally, real estate investments tend to outpace inflation and are beneficial when diversifying your portfolio.
Home and property values in Braselton are robust and will continue to increase over time as demand grows. Area economic growth, excellent schools, and expansive luxury homes in resort-style neighborhoods are a few reasons why owning a home in Braselton is a solid investment. This community offers services and amenities aligned with a high standard of living and is expected to continue to do so in the coming years.
Braselton market forecast
You can expect Braselton home prices to remain relatively consistent with their current market prices. In 2023 home prices should remain steady and are not expected to increase rapidly. With mortgage rates on the rise and home prices unlikely to drop significantly, you can also expect less competition than in previous years.
Inventory in Braselton should increase incrementally in 2023, but demand will likely outpace this indicator, as it has in previous years. These factors combined suggest the Braselton market will remain competitive despite an expected decline in the number of serious buyers. However, property values will continue to grow as this community flourishes, and owning a desirable Braselton property will be a profitable asset in your portfolio.
Although no one can precisely and accurately predict the myriad ways the 2023 real estate market will perform, the Braselton market should slowly start to trend in favor of the buyer throughout next year. Braselton is positioned as one of the hottest markets in Georgia, so despite some uncertainty about nationwide real estate trends, now is still a favorable time to buy in this coveted community.
Our award-winning team at RE/MAX Tru is renowned for its experienced and proficient realtors who provide unparalleled service to discerning clients. If you are hoping to become a Braselton homeowner in the future, connecting with a prominent local realtor is the first step to understanding the market in real-time and landing your dream home. Contact us to get started.
