Realtor sees ‘light at end of the tunnel’

by Celia Shortt

Newnan Realtor Chip Barron sees “light at the end of the tunnel” with improvement in the local real estate market after the recession.

Barron, a longtime local Realtor with Lindsey’s Realty Inc., presented a workshop Thursday at Wesley Woods about the real estate market in Coweta County and how he believes the market is improving.

Homes are selling faster and at better prices than in the last few years. When the real estate market fell apart in 2008, houses would sit on the market for months or even years in some cases. Property values were much lower, which caused the prices they did end up selling for to be lower.

Barron added that the average price of a home in Georgia is $236,000, and the median price is $180,000.

Barron said that in Coweta County in 2014 there were 345 single-family home listings on the market, which is 10 percent higher than the same time last year. For the month of June, there were 251 sales of single-family homes, up almost six percent from June of 2013.

Barron also reported the real estate market in the state of Georgia is improving.

In June, he said single-family home sales had increased almost five percent from the same time last year. For 2014, he said there were 38,514 single-family home sales in the state, which was up almost six and half a percent from the same time period in 2013.

“What does all that mean?” asked Barron at Thursday’s workshop at Wesley Woods. “Well, I think there is just some light at the end of the tunnel here. Definitely not back to where we were, but definitely better than we were this time last year, and we’re way way better than we were in 2008 and 2009.”

“Right now, it’s still a buyer’s market, but it may not be too long before it switches over to a seller’s market,” he added.

Barron also thinks interest rates for home loans will begin to rise.

“The (federal government) has been very accommodating,” he said. “They’ve kept the rates very low. Almost artificially low, but we needed that to get through what we just came through.”

Barron is a longtime Coweta resident and has been in real estate since 1968. He also has his law degree and has practiced in the area.



More Local

Budd, Friends warm up for annual show

Artists arrived in town Thursday and didn’t waste time rehearsing for Saturday’s “Friends of Wadsworth: The Legacy Continu ... Read More


Special observance planned at NHS

Newnan High School has partnered with the Department of Defense (DOD) in commemorating the 50th anniversary of the Vietnam War and will be h ... Read More


Suspect nabbed in woods

Meth, bath salts dealer arrested

A man suspected of distributing an odd mixture of methamphetamine and bath salts was arrested by Coweta County authorities after he attempte ... Read More


Pre-kindergarten registration starts on Monday

Registration for pre-kindergarten classes will start Monday at schools in Coweta County. “Parents who wish to secure a spot for their ... Read More


School system monitoring roads for black ice Friday

With cold temperatures sweeping in after rainy weather today, Coweta County students were sent home with a note to parents warning of possib ... Read More

Coweta Commission

Fire department to provide limited EMS

The Coweta County Fire Department will officially take over Coweta’s emergency medical services on May 1, but starting this week, fire ... Read More