Business

Fayette home sales rebound, prices don’t

Fayette home sales rebound, prices don’t

It was a mixture of good and bad news for home sales in Fayette County during 2011. The good news was that the number of home sales increased slightly after falling for the past four years, marking the most sales since 2007.

But the average sale price was another matter, with 2011 bringing a fifth straight year of falling prices.

Multiple Listing Service (MLS) records provided by Leslie Edwards Realty showed there were 1,157 homes sold in Fayette County during 2011. Those homes carried an average list price of $290,511 and an average sales price of $227,767.
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Fayette Chamber of Commerce honors community leaders

2011 Chamber Board Chair Melanie Myer (L) passes gavel to the 2012 Chair Peggy Thomas in a ceremony Jan. 20 during the Fayette County Chamber of Commerce’s Annual Banquet. Photo/Gwen Griffin.

The Fayette County Chamber of Commerce held its annual awards luncheon last Friday with over 250 in attendance.

Also on the agenda was the passing of the chairman’s gavel from 2011 Chamber Board Chair Melanie Myer to the 2012 Chair Peggy Thomas. Myer is with Delta Credit Union and Thomas with Club Z! In-Home Tutoring Services.

Six awards categories were given, with four of them going back a number of years. This awards program is the 44th held since the chamber was chartered in 1967. The first one was held as a pot luck dinner at the Masonic Lodge in Fayetteville.
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Average home sale price in Coweta at $154K in 2011

The average sale price of homes in Coweta County has been falling since the recession took a firm hold in 2008. And while the number of homes sold has leveled off in the past three years, the average selling price declined from $195,084 in 2008 to $153,806 in 2011.

Coweta County in 2011 saw 1,543 homes sold with an average listing price of $239,511 and an average sale price of $153,806. The number of homes sold represents 58 percent of the homes placed on the market during the year. The remaining 1,214 homes on the market were unsold at year’s end.
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Airport GM: New terminal to add jobs

Rotary President Joel Norris, left, thanks Atlanta Hartsfield-Jackson International Airport General Manager Luis Miller for making his presentation to the club recently. Photo/Special.

Atlanta’s Hartsfield-Jackson International Airport’s new International terminal was the focus at a recent luncheon of The Rotary Club of Peachtree City. Luis Miller, the general manager of one of the busiest airports in the world was the guest speaker.

Currently there are approximately 950,000 flights a year with an average of 250,000 daily passengers. The forecast for the International terminal is 13 million passengers by 2015. Read More»

Food Lion closing supermarkets in F’ville, Newnan

The Food Lion Corp. opened a grocery store on the southeast side of Fayetteville and two in Newnan less than two years ago; now they will be closing in the next month.

Delhaize America, parent company of Food Lion grocery stores, announced Jan. 11 that the under-performing stores will be among 29 in Georgia that will be closing in 30 days or less. Read More»

2011 a good year for business in Coweta

Recession or not, 2011 was a good year for economic development in Coweta County. Coweta County Development Authority President Greg Wright said the county added nearly 1,000 jobs last year and is poised for even better days ahead.

Wright in the organization’s January publication reviewed a number of the significant economic development strides that came in 2011 and referenced the recent West Georgia Regional Outlook meeting where it was noted that Coweta was the only county in the region to add jobs during 2011. In all there were nearly 1,000 jobs added to the Coweta economy during the year, said Wright.

One of last year’s business developments was the expansion at Chromalloy in the Shenandoah Industrial Park. The company announced the creation of 125 jobs after adding a gas turbine engine service capability at the facility. Read More»

‘Car of the future’ roaming PTC

And you thought ordering your phone around was a big deal.

Turns out the next big thing will be bossing your car around too. And work is underway in Peachtree City to make that happen, in a partnership between Panasonic and AT&T. Read More»

New Piedmont Newnan facility to bring increased economic impact

The new Piedmont Newnan replacement hospital located on Poplar Road will be opening in the coming months. And with that opening will be an increase in the facility’s economic impact, both at the hospital and throughout the Coweta County community. Read More»

Local connections drive Geeslin Group

Dale Geeslin and office manager Glenda Hicks at The Geeslin Group’s office in Peachtree City. Photo/Sandy Hart.

Dale Geeslin is good with numbers. More than that, he likes them. While some people’s eyes glaze over at the prospect of taxes, audits, legal proceedings or filling out paperwork, Geeslin finds it interesting. He can appreciate the details and the minutiae, but he also sees the people behind the forms, the clients who placed their trust in him and his company to see them through what can be a tough time.

“I think one of the keys to my success is that I develop good relationships with my clients,” Geeslin said. “I can see the impact that I have made helping people.” Read More»

Turning Bullish in 2012

By Virginia Gibbs
President & CEO – Fayette Chamber of Commerce

Happy 2012! There are some bright spots on the business horizon, and some hints of optimism that 2012 will begin to provide some much needed relief to this seemingly endless recession. Read More»