Like other areas of Atlanta, Georgia, Buckhead, the neighborhood made famous by Tom Wolfe's "A Man In Full," is in a buyer's market, but bucking the trend, say local Realtors.

"A shopper's and party animal's dream," says Realtor Janice Loose, "Buckhead is where old money meets frat parties, where streets lined with magnificent million-dollar homes empty onto a famous Atlanta singles' scene. It's home to the Governor's Mansion, much of the goings-on chronicled in Tom Wolfe's "A Man in Full" and two of the area's best malls. Buckhead isn't a neighborhood in the most strict sense of the word - it comprises about twenty neighborhoods each with its own borders, character and civic association. Among Buckhead's best known neighborhoods are Peachtree Hills, Habersham, Peachtree Park, Garden Hills and Tuxedo Park."

Explains Realtor Batool Zamani, "It is definitely a buyer's market here, as we are starting to see homes stay on the market longer, and we are seeing more price reductions. The housing market continues to be strong, driven by low interest rates, low inventory and lack of consumer confidence in the stock market. Price appreciation for homeowners is still good, though homes are not appreciating at the same rate that we have seen over the past several months. This could be the beginning of a move toward a buyer's market. Homes are staying on the market a little longer, and we are starting to see more price reductions. With record-low interest rates it is a good market for those looking to buy or sell."

Realtor Joshua Jarvis says, "Buckhead is where everyone wants to be, if they can afford it. It's literally five minutes from everything - shopping, downtown, fine dining and good schools."

Jarvis says, "I find that most buyers are looking in Buckhead and then buying something right outside the city limits. With more creative financing options, many people who wouldn't normally consider Buckhead are giving it a second look. Whether it's a condo or palatial residence, Buckhead is where Atlantan commuters want to be. Despite the reports, there is something for everyone, with condos in the 150's and homes all the way to the $2-3 millions and even more."

"From modest 1-bedroom condos to multi-million dollar mansions," say Realtor SandyKoza, "Buckhead has something for everyone. The market has been slow for sellers all over for the past two years, and Buckhead is certainly no exception. The fact that interest rates are still low (although climbing), combined with the great number of properties from which to choose, makes Buckhead a buyers' dream. Even though the market has been slow, it has picked up rapidly since the beginning of 2003, and those great deals won't be around for long.

She advises, "Sellers, on the other hand, must be prepared to be competitive in their pricing, and the condition of their properties is of utmost importance as buyers can afford to be choosy in this market and will only buy the home that is the "pick of the litter" for the price."

Published: September 22, 2003

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Blanche Evans is the award-winning senior editor of Realty Times, the Internet's leading independent real estate news service. She is featured daily on the Realty Times Video Network in the "Realty Viewpoint" segment. Blanche has been named one of the "25 Most Influential People In Real Estate" by REALTOR Magazine, and has been twice recognized as a "notable." In 2005, she was named "Top Reporter Covering the NAR" by Delahaye-Bacon's. Blanche is a renowned author of five real estate books. Her newest, Bubbles, Booms and Busts: Make Money In Any Real Estate Market, McGraw-Hill, was rave-reviewed by The New York Times. She was also selected from hundreds of real estate experts to contribute to Donald Trump's book, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies, Rutledge Hill Press, and is featured on page 68. Order Now Review - Honors In 2006, Blanche was selected among scores of candidates to author two consumer real estate guidebooks for the National Association of Realtors: The NAR Guide to Home Buying, and The NAR Guide to Home Selling, Wiley & Sons. She is currently planning two new books for the NAR and its members.       Known for her keen insight into real estate industry issues and for her ability to make complex subjects easy to understand, Blanche is a sought-after keynote and continuing education speaker. Real estate organizations from MLSs, to brokerages, to franchisors, to associations hire her to provide up-to-the-minute analysis of real estate industry news and advice on how to improve revenues. Her passionate delivery, peppered with stinging wit, is a huge hit with audiences and fans. Don Klein, CEO Greater Nashville Association of Realtors, Blanche Evans, Richard Courtney, president 2007, GRAR "The GNAR membership meeting last week featured Blanche Evans as the keynote speaker. Her comments and insights resonated extremely well with those in attendance and we have had many requests for copies of her PowerPoint Presentation. She was a terrific part of the membership meeting and convention program!" - Don Klein, CEO Greater Nashville Association of Realtors Coverage from WSMV, Nashville - 8-14-2007 That Interview Guy - Get Inside The Head Of Today's Generation 2007 AE Institute Session - To purchase 2006 AE Institute Session - Parts 1 2 3 4 5 6 7 8 9 HouseValues Mastermind call - Parts 1 2 Blanche's fireside chat with Jeremy Conaway, HAR - Click here. To contact Blanche, email her at . For more articles by Blanche, click here.