My New Outside Blog: Georgia: Johns Creek: Blackstone

Blackstone in Johns Creek

North Fulton Real Estate - Johns Creek 30024 - Blackstone

The Blackstone subdivision in Johns Creek 30024 is a great neighborhood with a lot to offer homeowners.  Besides the awesome Club House with its pool and water feature for the children, there is also two tennis courts and absketball court and a grill area complete with a gazebo and comfortable seating.  It is the kind of place where families can enjoy each other and their children year round.  It is located in an acclaimed school district which is another plus.

North Fulton Real Estate - Johns Creek 30024 - Blackstone

I currently have rental listing in the Blackstone subdivision, and I performed an evaluation of the rental history of this destination subdivision.  Using data from the Georgia MLS, here's what I found.  In the last five years rents have gone down from an average of $2000 to $1550.  Not only have rents decreased about 22% in the five year period but the gap between what a property lists for and what it actually yields has also widened in the last five years.  Landlords were typically getting 100% of the listed rental rate.  Today that number has dropped to 94%.  In the case of the decrease in rents, the biggest factor is the supply available to renters in the area.  Even in this highly sought school district, the supply is substantial which favors tenants.  Saavy tenants notice the supply and demand balance and negotiate lower rental rates. 

North Fulton Real Estate - Johns Creek 30024 - Blackstone

Below is a chart which illustrates the history of rental rates in the last five years in Blackstone subdivison.  There currently six properties available for lease in the Blackstone subdivision ranging in list price from $1800 to $1550.  While it certainly can be said that rental rates have seasonal adjustments where supply is high in the winter and demand is low in the winter, this trend does call our attnetion to changes in rental rates for this area.

Graph of Blackstone

NOTE: All data is from Georgia MLS.  Information is deemed reliable but not guaranteed.

    

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Comment balloon 0 commentsJordon Wheeler • February 05 2011 06:06AM
Blackstone in Johns Creek
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North Fulton Real Estate - Johns Creek 30024 - Blackstone The Blackstone subdivision in Johns Creek 30024 is a great neighborhood with a lot to offer homeowners. Besides the awesome Club House with its pool and water feature for the children,… more