Since 2014, churches in metro Atlanta have sold almost 530 acres for a total of $128.5 million, according to data from CoStar Group. This year alone, there have been 38 transactions, representing a total sales volume of $44.7 million.
The average sales price for a church and its land is near $1 million, according to CoStar Group.
According to this week’s Atlanta Business Chronicle, there is a growing trend of local churches that have sold or are considering selling property.
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