THE MUFFLEY MONTHLY REVIEW FEBRUARY 2016 REPORT 2016 MuffleyHomes.com

National MARKET NEWS S&P Dow Jones Indices released the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices. Data released for January 2016 shows that home prices continued their rise across the country over the last 12 months.“Home prices are rising very rapidly—twice the rate of inflation. There is very, very little supply. There is four to five months supply in the market right now, which is quite low,” David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, told CNBC news.

Atlanta MARKET-WIDE Covering 11 Counties: CHEROKEE, CLAYTON, COBB, DEKALB, DOUGLAS, FAYETTE, FORSYTH, FULTON, GWINNETT, PAULDING AND ROCKDALE

DEMAND: PRICE: The second month of the year has continued to As seen in the national trends, ’s average see an increase in sales over YTD 2015 while active and median sales prices continue to gain traction inventory continued to drop, putting supply for sales and outpace 2015’s figures, with positive gains. The at 3.0 months. Sales prices, both median and average, median sales price in February was $216,000, an continued to increase. February sales of single-family increase of 4.4% from last February. The average (detached) homes increased 6% over February 2015 sales price was $273,000, up 4.6% from the and a 7% increase YTD 2015. Attached single-family previous year. saw greater gains at 16% increase over February 2015 and 17% increase over YTD 2015.

SUPPLY: Atlanta area housing inventory totaled 13,046 units in February, a decrease of 4.2% from February 2015. Active inventory continues to drop at a rate of 4% for detached and 9% for attached versus active inventory level end of February 2015. The supply for sales over a 12 month period declined to 3.0 months. Area 21 () garnered the highest average sales price at $1,020M but also had the longest days on market total at 109 days in February.

Performance BY AREA Area 21 (Buckhead) garnered the highest average sales price at $1,020M while Zone 52 (Druid Hills/Lavista Area) saw the greatest sales price/ opening price ratio at 98%. Meanwhile, Zone 24 had the lowest average Days on Market Total at 48 days compared to Zone 21 (Buckhead) where homes stayed on the market an average total of 109 days before selling.

ZONE SALES AVG. SALES PRICE SP/OP AVG. DOM AVG. DOMT

Area 21 21 $1,020,053.00 93.40% 90 109

Area 22 47 $206,243.00 98.7% 63 49

Area 23 25 $724,796.00 95.00% 58 80

Area 24 36 $424,042.00 96.40% 42 55

Area 51 50 $498,139.00 97.20% 44 48

Area 52 157 $322,030.00 98.00% 56 63

Area 131 17 $699,295.00 95.80% 78 124

Area 132 26 $834,937.00 91.40% 89 94

AREA KEY (GENERAL NEIGHBORHOODS CAPTURED) 21: Buckhead, Haynes Manor, West Paces Ferry, , 22: Buckhead, Bolton, Watts Road, Bellwood (West of I75) 23: , Midtown,Va-Hi, Morningside, , CabbageTown 24: Little Five, Edgewood, Kirkwood, East Lake 51: Brookhaven, Ashford Park, Dunwoody Forest, Chamblee 52: North Druid Hills, Decatur, Avondale, Belvedere Park 131: Sandy Springs, Chattahoochee Plantation, North Harbor, Woodcliff 132: North Buckhead, Londonberry

MONTHLY REVIEW FEBRUARY 2016 MuffleyHomes.com 2016 Performance BY NEIGHBORHOOD PRICE: INVENTORY: Buckhead’s Tuxedo Park yielded the highest price per square Morningside closed the month with 52 homes on the market, foot average at $449.02 compared to February’s lowest price per the greatest number of homes on the market of all intown square foot average of $209.25 seen in Chastain Park. neighborhoods studied, followed by Chastain Park with 31 homes for sale. North Buckhead’s Riverview had the highest price home on the intown market at $48M (since March 2014) followed by a home SALES: in Buckhead (Area 22) at $44M and a home in Tuxedo Park listed With 9 sales in February, Morningside had the greatest number for $10M. of homes sold of the 15 intown neighborhoods studied followed by Buckhead with 6 sales. DAYS ON MARKET: Homes for sale in Buckhead’s Tuxedo Park spent the longest time on the market at 129 days. The lowest was Brookhaven’s Brittany with homes averaging just 15 short days on the market in February. Buckhead’s Tuxedo Park yielded the highest price per square foot average at $449.02 compared to February’s lowest price per square foot average of $209.25 seen in Chastain Park.

NEIGHBORHOOD COMPARISON CHART

NEIGHBORHOOD SALES INVENTORY MIN. LIST MAX LIST AVG. LIST SALES PRICE MIN SALES PRICE MAX SQ. FT. TOTAL PRICE/SQ. FT. AVG. DOM

RIVERVIEW 0 1 $48,000,000.00 $48,000,000.00 $48,000,000.00 $0.00 $0.00 0 $0.00 747

TUXEDO PARK 1 20 $1,295,000.00 $10,000,000.00 $3,469,375.00 $2,365,000.00 $2,365,000.00 5,267 $449.02 129

KINGSWOOD 0 10 $1,275,000.00 $7,900,000.00 $3,386,150.00 $0.00 $0.00 7,327 $407.11 0

ARDEN/HABERSHAM 1 22 $925,000.00 $7,900,000.00 $3,068,955.00 $1,175,000.00 $1,175,000.00 3,907 $405.04 112

NORTH BUCKHEAD 0 17 $585,000.00 $6,750,000.00 $1,719,262.00 $0.00 $0.00 3,935 $316.26 0

CHASTAIN PARK 2 31 $1,180,000.00 $1,275,000.00 $1,227,500.00 $1,090,000.00 $1,240,000.00 5,639 $209.25 160

ANSLEY PARK 2 20 $1,200,000.00 $1,549,000.00 $1,374,500.00 $1,090,000.00 $1,489,000.00 3,000 $411.44 94

VIRGINIA-HIGHLAND 2 18 $539,000.00 $1,475,000.00 $1,033,206.00 $435,000.00 $605,000.00 1,602 $368.73 87

MORNINGSIDE 9 52 $356,750.00 $1,150,000.00 $715,521.00 $356,750.00 $1,155,000.00 2,648 $264.38 83

DRUID HILLS 3 21 $352,000.00 $3,500,000.00 $1,301,119.00 $275,000.00 $750,000.00 1,830 $292.35 77

INMAN PARK 0 4 $485,000.00 $650,000.00 $574,975.00 $0.00 $0.00 1,458 $316.84 0

GARDEN HILLS 1 21 $604,999.00 $1,790,000.00 $1,137,133.00 $465,000.00 $465,000.00 3,288 $327.77 78

PINE HILLS 4 12 $360,000.00 $660,000.00 $455,000.00 $388,000.00 $645,000.00 2,129 $225.35 38

HISTORIC BROOKHAVEN 0 24 $1,000,000.00 $2,495,000.00 $1,788,042.00 $0.00 $0.00 4,537 $320.91 0

ASHFORD PARK 2 29 $295,000.00 $1,399,000.00 $745,934.00 $434,000.00 $475,000.00 2,772 $274.32 34

BUCKHEAD 6 118 $525,000.00 $44,500,000.00 $3,041,171.00 $425,000.00 $937,500.00 2,660 $257.31 30

SANDY SPRINGS 3 17 $349,900.00 $8,000,000.00 $2,728,635.00 $624,900.00 $935,000.00 3,732 $211.24 151

HAYNES MANOR 3 15 $579,999.00 $1,795,000.00 $1,106,787.00 $1,175,000.00 $2,160,000.00 4,563 $376.53 115

CASTLEWOOD 0 5 $975,000.00 $1,589,000.00 $1,352,600.00 $0.00 $0.00 0 $353.66 0

CHASTAIN BUCKHEAD 0 4 $999,500.00 $2,797,500.00 $2,123,300.00 $0.00 $0.00 0 $418.04 0

PEACHTREE BATTLE 0 2 $650,000.00 $1,190,000.00 $920,000.00 $0.00 $0.00 0 $383.92 0

BROOKWOOD HILLS 1 5 $799,000.00 $1,895,000.00 $975,000.00 $640,000.00 $640,000.00 0 $301.74 108

COLLIER HILLS 0 8 $475,000.00 $1,200,000.00 $792,363.00 $0.00 $0.00 0 $263.12 0

VININGS 3 14 $499,000.00 $3,000,000.00 $1,125,000.00 $430,000.00 $840,000.00 3,228 $153.21 209

SILVER LAKE 0 0 $0.00 $0.00 $0.00 $0.00 $0.00 0 $0.00 0

BRITTANY 1 6 $585,000.00 $1,650,000.00 $949,650.00 $475,000.00 $475,000.00 0 $0.00 15

BROOKHAVEN (AS CITY) 43 211 $74,500.00 $2,495,000.00 $690,476.00 $90,000.00 $1,050,000.00 2,470 $176.69 38

SANDY SPRINGS (AS CITY) 73 298 $70,000.00 $4,295,000.00 $912,800.00 $80,000.00 $2,800,000.00 2,424 $171.35 70

SOURCES: Sales counts and figures in this report are based on reported information via MONTHLY REVIEW FMLS and via custom reports by Smart Numbers. Neighborhood specific FEBRUARY 2016 data is based on neighborhood designations as recorded in FMLS. MuffleyHomes.com 2016