Economy

Expensive houses lack buyers in Columbus, Georgia

When Susan Faith and her husband, Don, were transferred to Columbus by their employer three years ago, the local housing market was booming.

“There was nothing to buy at the time. We didn’t have anything to look at,” Faith said of the period when multiple buyers were making offers on a coveted piece of property or home.

Times have indeed changed, and with a vengeance.

The Faiths, who eventually found a new house in the Green Island Hills neighborhood, put their 3,621-square-foot home at 7101 Lullwater Road on the market three months ago. They are asking $469,900 for the property.

Even with its typically preferred upscale location, its abundance of living space, its gourmet kitchen and the attentive care the couple have given the dwelling, it hasn’t had a single bite from a prospective buyer.

“I knew it was obviously not a good time for it, to try to put it up for sale,” said Susan Faith, who is relocating with her husband to the Atlanta area because of their Publix management jobs. “But I didn’t realize it was going to be this slow as far as the walk-in traffic and as far as people looking. We’ve had very few people look.”

She also wasn’t prepared to see a plethora of “For Sale” signs scattered around her neighborhood, guessing there are at least 15 in close proximity to her own home.

Read the complete story at ledger-enquirer.com

  Comments