Build them and they will come….this has proven to be a true statement for Kerley Family Homes in 2014. It’s no wonder that Kerley Family Homes has been and continues to be successful in the metro Atlanta area, they were ranked 9th largest homebuilder in Atlanta from SmartNumbers for the number of homes sold in 2013 with well over 300 homes sold! KFH is rocking Atlanta new home sales again this year!
“The months supply of homes”—the number of months it would take for all homes on the market to sell based on current sales volume—“is at 4.9, which is still very low” says Joe Kerley, chief financial officer of Kerley Family Homes. The average figure is closer to five or six months, which means that demand is outstripping supply.That’s because there are still less new homes available for sale than there were when Atlanta’s market was more robust.
“The main thing right now is lack of inventory,” says Kerley. As long as that remains the case, “There’s going to be a frenzy on buying houses. In some of our subdivisions, we’re getting multiple offers on multiple houses. Right now, if you can get a house built for a good price, it’ll sell.”
According to the Case-Schiller Index: The Metro Atlanta real estate market continues to show signs of moving back to a normal market. Listing inventory is up 23.9% from the bottom of February 2013. Inventory is up 6.8% from last month and up 18.9% from the same month last year. Closings were up 17.8% from last month and down 12.4% from the same month last year. Months of inventory are now 4.7 months based upon the latest closed sales trend. Six months supply is considered normal. Buyer activity remains strong led by baby boomers and first-time buyers. At the same time, the pace of pre-foreclosures (notices of default) and foreclosures has slowed dramatically. Resales and new homes are outpacing bank-owned sales. New Homes are making a significant comeback. Right now there is very low new homes inventory due to the high absorption and pre-sales are emerging again. In the next few years, new homes will become a more significant part of the inventory and closed sales.
Why do new homebuyers choose Kerley Family Homes? Not only does KFH build a quality home but they are absolutely gorgeous in the bargain. Homebuyers love KFH new homes because they have all of the detailing that they want. When you purchase a new home from KFH, you will come home to arched doorways, sun rooms, craftsman style trim, fully sodded yards, granite countertops, beautiful coffered ceilings, judges paneling, crown molding, appliance packages, fireplaces and so much more. (all options are per plan).
When choosing a new home, todays homebuyers look for value, quality and distinctive detailing. At Kerley Family Homes “It’s All About Value” and it doesn’t stop with just the value. It is important that the homebuyer beware when choosing a homebuilder. You can rest easy knowing that Kerley Family Homes is a Certified Professional Home Builder which means that you are protected in ways that you are not protected with a builder who is just licensed. Kerley Family Homes knows this is the one of the biggest investments that you will ever make so they offer extra value with a 2-10 Home Buyers Warranty® (2-10 HBW) giving you 10 full years of structural home warranty protection from the nation’s leading home warranty company.
Kerley Family Homes communities can now be found throughout Metro Atlanta and are currently building in Cobb, Cherokee, Paulding, Douglas, North Fulton and South Fulton, Gwinnett, Henry, Fayette, Forsyth and Coweta counties!
For more information or to find a community near you visit us online