Candler Park may lack vineyards and centuries-old villas, but it does have one thing in common with Tuscany, according to Jon Effron of the A is for Atlanta real estate blog: Lots of demand for housing and a limited supply.
Effron points out that, as of Nov. 5, there were no three-bedroom homes available for sale in our neighborhood. Those that have made it onto the market, have been sucked up right quick:
There have been 28 that have sold thus far this year- an absorption rate of 2.8 homes per month. With a standing inventory of zero, it doesn’t take a housing economist to determine that there are zero months of supply available.
The Tuscany connection? See this Seinfeld episode: