Crooked Creek Golf and Country Club Market Update

What better time to update sales in Crooked Creek than right now when we have a listing for sale and right after I'm back with some fresh photos of the golf course. I'll post a couple photos down the page a little, but, I do want to get to the actual market. Crooked Creek is in an extraordinary community and if you live there or you are familiar with it, you probably don't need me to tell you that :). For everyone else, I think it's important to talk about what Crooked Creek is in the process of doing right now. At a time in the real estate market where many would argue that it isn't the best time to put money in your property or neighborhood, Crooked Creek is in full swing of doing more than your average upgrade. They are gating the main entrance on Highway 9 as well as the back entrance on Francis. Moreover, many of the facilities including pools and the clubhouse will be brand new. Below is a photo of the construction:

You can check out Crooked Creek's website for more information, but, it's a little thin right now. In fact, online information about all of the projects isn't very easy to find. I'll try to post the full list of upgrades in detail when I can find the time and if your interested, you can view our single property website, homes for sale in Crooked Creek where we are marketing our listing or view all homes for sale in Crooked Creek here. Now to the statistics....

As of the beginning of June, there are 45 homes for sale. They range in price from $999,000 to $349,000. The median price is $549,900 for all active and pending listings, but $425,000 for pending listings. This year, there have been 5 sales. The average price of those sales is $525,580. Of course, prices do vary widely from around $400,000 to over $600,000 and the ceiling is certainly much higher for new larger homes in the neighborhood and lower if you can scoop up a foreclosure, but, like foreclosures in other neighborhoods, prices may not be a good indication of value as you are likely going to be sinking in quite a bit of money to bring it up to the standards of the non-foreclosure homes. There just haven't been any higher sales in the neighborhood yet this year. There have been a number of sales in the higher price range found in Crooked Creek in the surrounding areas and more specifically in the zip code, but, what we are really seeing is the bloodletting of many new homes - some finished and other unfinished in areas like The Manor where the market slowdown has demolished home values and other areas like White Columns and Triple Crown where there are more homes newer than those found in Crooked Creek.

I didn't play the course while I was out here taking photos - it was just actually after we did an open house at our new listing, but, from the road, the course looked great. I just wish that the pool and some of the other new facilities were moving along at a faster pace. I believe that the pool is supposed to already be open. As pretty as it was, I couldn't pass up the opportunity to get some pictures for my website and for the single property website I'm using to market our listing.

A couple of things make Crooked Creek a little more attractive than some of the other gated communities and while I realize that it isn't yet gated, it will be so it's time we start comparing it and looking at value in Crooked Creek compared with other gated golf neighborhoods in the Alpharetta/Milton area. When we do that, Crooked Creek very well may be the best overall  value and that should bode well for homeowners and may help to shore up prices more quickly than surrounding areas. I don't have a crystal ball and only time will tell if the improvements coming in Crooked Creek will pay off, but, it does place them at a competitive advantage in terms of price and in today's market, that may be enough to make Crooked Creek once again one of the most popular neighborhoods in the area.

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