Location: Atlanta
Price: $167,062
Bedrooms/baths: 2/2
Square feet: 1,376
Atlanta-area home values have fallen sharply as a recent influx of foreclosures forced sellers to cut their asking prices.
A typical home sold for about $122,000 during the first quarter of the year, down nearly 5% compared to a year earlier, according to NAHB data.
This home illustrates just how much bang for the buck you get in Atlanta these days. For a listing price that's close to the $163,000 national median, it's a lot.
Among the top features in this two-bedroom home are vaulted ceilings, a large master suite with walk-in, California closets and a bath with separate tub and shower, said agent Samantha Phillips.
The eight-year-old house is only five miles from downtown. It's on a quiet street and sits on a quarter-acre of property. Bigger nearby homes, with three bedrooms and three baths sell in the low $200,000-range.
For further information: TruliaNEXT: New York: Starter home for commuters
