Posts with tag 'New Construction'

Is It a Buyer's Market?

Yes, well sort of. Compared to the scorching sellers' market of the last several years, it is a good time to purchase real estate. Buyers have a chance to negotiate. Sellers are conceding on price as well as providing credits and incentives to buyers. Houses are staying on the market about a week longer than last year according to the Georgia Multiple Listing Service (GAMLS).  Despite all of this, sales prices have slightly increased, between three and six percent, year-over-year. New listings have been down six percent for three straight months. Closings and pending sales have been mostly down in 2025, except for a significant increase in the summer months.

The real estate market is moving towards the buyer's side but not there yet. Mortgage rates may be part of that reason. On the day, I am writing this the rates sit around 6.26% (FreddieMac). Whether it is realistic or not, many potential buyers are sitting on the s...

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57 E Broad St

You may have heard about the development in downtown Newnan at the old Brown Steel location. I have heard many different things regarding this property and its development; a conference center, a hotel, apartments, retail, restaurants etc. In the rest of the article, I will share what is happening there. It is an exciting time for downtown Newnan!

57 E Broad St has attracted significant attention the last several years. The property, formerly the site for the business Caldwell Tanks, is located adjacent to the railroad tracks on E Broad St and directly across from the historic train depot in downtown Newnan. The total size of the property is 5.59 acres. The City of Newnan purchased the property on March 12^th, 2021, from the Broad Street Forum for $3,676,302, per the county tax records. A demolition permit was pulled on December 7^th, 2021. Before the demolition, the property had many large industri...

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A Strong Summer for Real Estate

After a slow start in 2025, the local real estate market really picked up this summer. Many local real estate agents were discouraged after the start of 2025. Spring is typically the strongest time for a real estate market. However, the first half of 2025 was weak, with closed sales down every month, year-over-year, from 2024 (per Georgia Multiple Listing Service, GAMLS). Things started to pick up in May. Pending sales were up over 20% from last year. As a result, closed sales increased 26% and 11% in June and July, respectively. This is an encouraging sign of things to come. August is looking like it will be a strong month as well, with many contracts in the pipeline to close.

Compared to the last few years, it is actually a good time to purchase and many savvy buyers have noticed this. The selection of homes to buy is significantly up. In fact, new listings have increased every month, year-over-year...

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We are seeing a significant shift in the local real estate market in Coweta County. Listing supply is up and demand has decreased from the intense peak of just a few years ago. Prices are even cooling, some. On the day that I am writing this article, there are 803 residential properties for sale in Coweta County per the Georgia Multiple Listing System (GAMLS). This is a significant increase from just a few years ago when there were about 200 homes for sale on average. New listings have increased at least 27 percent, or more, each month in the first quarter of 2025 from the first quarter of 2024. Many homeowners are hoping to catch the hot sellers' market of the last few years. Other sellers are tired of waiting for interest rates to cool down and are ready to list their property and purchase a new one. More on this later.

Pending sales and closed sales have decreased year over year in the first quarter of 2025. We are seeing less showings, traffic and activity with our listi...

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Frank Heery Barron, Sr.

Congratulations on 50 Years at Lindsey's, Inc., Realtors

Today, I want to recognize my younger brother Frank, because he has reached a monumental milestone with our real estate firm, Lindsey's, Inc. Frank has completed fifty years of loyal, dedicated service.

Our family business was started by our dad in 1948. It has included several different business ventures, including a Pepsi-Cola franchise, an electrical and plumbing contracting business, a furniture store, and an insurance franchise, in addition to real estate brokerage.

Frank began working at Lindsey's, Inc., as did I, when he was twelve years old. We were paid 25 cents an hour to put together signs, clean out rental houses, put up signs, and other menial jobs. We probably were not worth 25 cents per hour, but we were learning the real estate business from the ground up.

Frank graduated from the University of Georgia Terry School of Busin...

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