2018 Cobb CommunityProfiles_101018

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Atlanta Real Estate Market CITY UNITS SOLD DAYS ON MARKET AVERAGE SALES PRICE 16 (770) 971-2332 (770) 975-0252 Chart Courtesy of Smart Real Estate Data. February 2016 - January 2017 CHEROKEE COUNTY Acworth 522 48 $207,339 Alpharetta 67 68 $531,046 Ball Ground 245 48 $241,361 Canton 1,998 54 $274,550 Holly Springs 18 87 $282,367 Roswell 13 25 $369,038 Waleska 143 75 $239,931 White 26 68 $243,157 Woodstock 2,153 37 $249,377 COBB COUNTY Acworth 1187 43 $245,947 Austell 507 49 $140,388 Kennesaw 1623 41 $256,530 Mableton 840 43 $253,290 Marietta 4864 42 $302,913 Powder Springs 968 50 $226,698 Roswell 197 39 $415,592 Smyrna 1704 42 $288,514 Vinings 485 46 $331,014 FORSYTH COUNTY Alpharetta 433 30 $316,994 Ball Ground 36 49 $272,289 Cumming 3964 53 $323,469 Dawsonville 22 48 $327,392 Duluth 52 58 $754,926 Gainesville 289 63 $277,976 Suwanee 461 57 $431,532 FULTON COUNTY Alpharetta 2078 39 $389,187 Buckhead (Area 21) 2270 61 $618,128 Duluth 74 57 $344,665 Dunwoody **(See Below) 6 51 $434,333 Johns Creek 789 50 $453,816 Milton 397 74 $683,575 NW Atlanta (Area 22) 1550 49 $280,019 Roswell 1588 42 $388,570 Sandy Springs 1011 45 $460,966 Virginia Highlands (Area 23) 2160 37 $403,509 GWINNETT COUNTY Auburn 95 56 $248,906 Berkeley 49 76 $483,227 Bethlehem 68 60 $219,911 Braselton 101 113 $438,929 Buford 1340 51 $254,445 Dacula 1011 52 $257,763 Duluth 1142 43 $278,420 Grayson 514 55 $247,571 Hoschton 122 76 $336,086 Lawrenceville 3836 43 $202,192 Lilburn 930 49 $211,502 Loganville 715 60 $195,349 Norcross 795 39 $195,691 Peachtree Corners 354 35 $322,814 Snellville 1347 50 $193,448 Stone Mountain 152 51 $169,278 Sugar Hill 529 36 $237,890 Suwanee 961 41 $341,386 Tucker 130 37 $195,856 **Dunwoody (dekalb Co.) 545 38 $426,795 CommunityProfiles >> 2017/2018
Atlanta’s Economic Appeal By Tom Croteau, Deputy Commissioner, Global Commerce Georgia Department of Economic Development At the Georgia Department of Economic Development, our main goal is to create quality jobs and investment opportunities for the state. We do this through a very integrated and innovative approach. We know that it is vital that Georgia remain an attractive place for business across the board. This includes logistics and infrastructure, innovation at our educational institutes, a skilled workforce, and an exceptional quality of life. For the last four years, Site Selection magazine has named Georgia the No. 1 state in the nation in which to do business. This ranking has been a catalyst as we work to remain competitive in the global marketplace. We continue to see companies from all over the world choose Georgia, or existing industry expand their footprint here. Companies who choose Georgia know they can lower their cost of doing business, obtain access to top-talent and a strong workforce and access the best resources to meet the demands of their growing customer bases. Georgia has had great economic development successes throughout the entire state. Atlanta touts’ incredible connectivity through Hartsfield-Jackson Atlanta International Airport, and is also a great place to live, play and work. Many companies site our ease of access to the world as a key component in choosing Georgia. Did you know that you can reach 80 percent of the U.S. market within a two-hour flight from Georgia? All of these factors work together in attracting business to our state, along with many other industry specific influences. For example, one key component to the success of the financial technology (FinTech) industry in our state is that two of the country’s largest fiber routes (North/South and East/West) intersect in metro Atlanta, along with major research lines Internet2 and the National LambdaRail. Every major international and North American fiber provider possesses a core interconnection point in Atlanta – making our state the ideal location for innovative FinTech companies to do business. Georgia is also one of the top five access states for total fiber/bandwidth. The result is a FinTech industry that has a huge presence in Georgia. In fact, Georgia is home to six of the 10 largest U.S. payment processing firms, and more than 60 percent of the U.S. FinTech market. Incredibly, seventy percent of all financial transactions in the U.S. are processed through Georgia-based FinTech companies! Today, Georgia FinTech companies generate annual revenue of more than $72 billion, employ more than 300,000 people and occupy around 8 million square feet of real estate. These companies and others process more than118 billion transactions per year representing more than $2 trillion of purchase volume each year, supporting nearly four million merchants. FinTech is just one industry that has roots in Atlanta, and an influence state and nationwide. The technology industry has also found a place to thrive in Atlanta. Recently, Forbes named Atlanta one of 5 U.S. Cities Poised to Become Tomorrow’s Tech Meccas and Realtor.com ranked Atlanta the No. 2 ‘Next Top Tech Town.’ Both incredible wins for our state. There are currently 17,000 technology companies – representing an economic impact of $113.1 billion in Georgia. Additionally, we have the fifth largest IT employment cluster in U.S. with more than 200,000 high-tech professionals. Technology has a significant impact on our daily lives, and as society continues to evolve and become even more fast paced, we must prepare a class of individuals who are able to work and meet the demands of all industries. Colleges and universities in Georgia provide growing businesses with a steady stream of talent. In fact, in metro Atlanta, one-third of adults hold a four-year college degree, well above the national average of 28 percent, providing a concentration of intellectual capital for organizations of all sizes. Our state boasts a robust talent pool from local institutions including Emory University, Georgia Southern University, Georgia Tech, Georgia State University, The University of Georgia and Kennesaw State University. Businesses in Georgia find a solid educational system that develops a well-prepared workforce for tomorrow. The Technical College System of Georgia (TCSG) also ensures that companies have the skilled workers needed to build and maintain a competitive edge. The 23 colleges that compose TCSG offer affordable education and excellent training in more than 600 certificate, diploma and two-year associate degree programs, helping Georgia students meet specialized knowledge and skills that today’s companies need. We must also attribute our economic development successes in Atlanta, and beyond, to strong vision and leadership from the state’s top advocate for economic development, Gov. Nathan Deal. Since Deal took office in January 2011, we have announced 2,380 projects, $30.7 billion investment and 178,641 jobs, and that number continues to grow. As I write this today, several more companies are preparing to announce that they have chosen Georgia for their next location and expansion. Last but certainly not least, quality of life plays an incredible role in fostering new business activity. People want to love where they live, and enjoy what their region has to offer. Atlanta is not only a great place for business, but also provides incredible opportunities for family, relaxation and fun. Atlanta is home to incredible restaurants, museums and cultural attractions. Beyond the big city, the state’s diverse population, the blend of city and country atmosphere, and the widely varying topography all contribute to a unique lifestyle and array of experiences unmatched by other states. Lifestyle, diversity and standard of living are reasons Georgia continues to attract Fortune 500 companies, as well as the skilled, educated workforce those businesses and others need to succeed. The health of our state’s economy rests squarely on the shoulders of each and every citizen. We all play a part in its economic development. All companies in Georgia rely on logical locations, attractive incentives, access to a high-quality workforce, and partners at every level who understand their needs intimately. Providing the best resources to support thriving companies who choose to locate their business in Atlanta or any part of our state will remain a top priority for us. For more information, please visit www.Georgia.org. CommunityProfiles >> 2017/2018 17
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