THE MUFFLEY MONTHLY REVIEW R EPORT DECEMBER 2017 ’S LEADING RESIDENTIAL2017 REAL ESTATE REPORT

ON THE MARKET 3861 Randall Mill Road, Atlanta GA 30327

MuffleyHomes.com THE MUFFLEY MONTHLY REVIEW DECEMBER 2017 R EPORT MuffleyHomes.com ATLANTA’S LEADING RESIDENTIAL2017 REAL ESTATE REPORT

National MARKET NEWS According to the National Association of Realtors (NAR), December’s existing-home sales were slow, but overall home sales increased to 5.51 million sales in 2017. This is the strongest pace they have seen since before the housing market crash. In December, the national supply decreased by 10.3% from last year to a 3.2 month supply. Year-over-year, the national supply has now fallen for 31 consecutive months. The national supply is at an all-time low since the NAR started recording in 1999.

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

A significant lack of inventory continued in December. According to data from the Atlanta Board of Realtors, inventory is down 10.1% from last year and 27.5% from last month. This decrease brings the total supply down to a 2.4 month supply. The average price continues to rise for the 11 Atlanta area counties, increasing 4.7% from December 2016. Atlanta saw a 6.2% decrease in sales from last year.

DEMAND: PRICE: A slight increase from last month brings total home Average and median sales price continue to climb. sales in Atlanta for the month of December to 4,226. December’s average sales price increased 4.7% Though sales are up from November, this number from last year to $309,000 in 2017. The median is a 6.2% decrease from December 2016. Georgia sales price also saw an increase of 5.5% from last trends indicate a jump in sales in the coming months, year, bringing it to $250,000. historically reaching its apex in June. SUPPLY: The Atlanta area inventory dipped even further in December to a 2.4 month supply. Atlanta saw a 10.1% decrease from 2016. Inventory totals 11,813 homes for sale, down from 13,116 units. Of these 11,813 homes for sale, 2,540 of those were new listings. This is almost 1,000 fewer new listings than the previous month.

ON THE MARKET 675 West Paces Ferry Road No. 6, Atlanta GA 30327 Area 21 acquired the highest average sales price at $985,134, while Area 52 saw the greatest sales price / opening price ratio at 95.8%.

Performance BY AREA | INTOWN The highest number of sales was seen in Area 52 (North Druid Hills, Decatur, Avondale, Belvedere Park) with 184 single-family homes sold. Area 52 also saw the greatest sales price / opening price ratio at 95.8%, and homes here spent the shortest time listed with an average of 40 days on the market. Area 21 (, , ) attained the highest average sales price at $985,134.

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

Area 21 72 $985,134 91.7% 72 106

Area 22 60 $255,953 93.9% 48 61

Area 23 44 $759,545 94.4% 48 56

Area 24 46 $419,012 94.9% 42 56

Area 51 68 $449,807 95% 54 65

Area 52 184 $390,437 95.8% 40 52

Area 131 36 $528,388 95.2% 64 82

Area 132 22 $954,666 89.7% 122 179

INTOWN AREA KEY (GENERAL NEIGHBORHOODS CAPTURED) 21: Buckhead, Haynes Manor, West Paces Ferry, Chastain Park, Peachtree Park 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: , Londonberry

MONTHLY REVIEW DECEMBER 2017 MuffleyHomes.com 2017 Performance BY NEIGHBORHOOD – INTOWN

PRICE: Virginia-Highland yielded the highest price per square Morningside. Buckhead had the most homes for sale, closing the foot average in December at $345.09. Square footage is least month at 113 homes listed. Morningside had the second largest expensive in Pine Hills with a price per square foot average of inventory with 45 homes for sale, followed closely by North $177.41. Buckhead had the highest priced home on the market at Buckhead with 44 listings. $14.5M, followed by homes in Kingswood at $12.5M and Tuxedo Park at $10.7M. SALES: With 25 sales in December, Brookhaven had the greatest number of home sales of the Intown neighborhoods studied. DAYS ON MARKET: In December, a home in Peachtree Battle Brookhaven is followed by Ashford Park and Druid Hills each spent the longest time on the market at 161 days. The quickest with 13 homes sold. sale last month was in Inman Park, where a home was only on the market for 4 days. December’s highest priced homes were in INVENTORY: Out of all Intown neighborhoods studied in December, the greatest inventory was found in Buckhead and Kingswood with 11 homes on the market with an average list price of $4,034,127.

INTOWN 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 — — — — — — — — — —

TUXEDO PARK — 18 $499,999 $10,695,000 $3,184,194 — — — — —

KINGSWOOD 2 11 $1,490,000 $12,500,000 $4,034,127 $1,140,000 $4,695,000 11,160 $267.34 48

N BUCKHEAD 2 44 $335,000 $1,995,500 $1,047,094 $766,500 $1,307,725 3,319 $312.04 113

CHASTAIN PARK 6 27 $624,900 $3,850,000 $1,569,042 $577,000 $3,000,000 2,849 $309.81 115

ANSLEY PARK 3 15 $925,000 $2,750,000 $1,457,260 $635,000 $1,275,000 3,386 $267.77 93

VIRGINIA-HIGHLAND 5 17 $525,000 $1,950,000 $1,290,218 $670,000 $1,418,435 2,935 $345.09 26

MORNINGSIDE 12 45 $525,000 $2,495,000 $1,213,024 $564,900 $1,595,000 1,954 $314.16 59

DRUID HILLS 13 36 $329,000 $2,700,000 $1,027,564 $426,000 $1,175,000 2,791 $252.21 21

INMAN PARK 1 3 $669,900 $1,235,000 $1,031,633 $1,185,000 $1,185,000 3,559 $332.96 4

GARDEN HILLS 5 17 $599,000 $1,874,000 $1,148,612 $640,000 $1,220,000 2,481 $303.27 49

PINE HILLS 2 19 $485,000 $1,620,000 $906,179 $454,500 $1,328,534 4,764 $177.41 31

HISTORIC BROOKHAVEN — 8 $899,000 $3,495,000 $2,101,438 — — — — —

ASHFORD PARK 13 25 $300,000 $1,199,000 $700,382 $280,000 $910,000 1,588 $252.49 39

BROOKHAVEN 25 29 $335,000 $3,395,000 $1,521,359 $420,000 $3,050,000 3,905 $251.79 134

BUCKHEAD 12 113 $375,000 $14,500,000 $2,379,120 $533,000 $4,000,000 3,886 $256.84 116

SANDY SPRINGS — 10 $589,000 $4,295,000 $2,025,040 — — — — —

HAYNES MANOR 4 10 $539,000 $3,750,000 $1,525,190 $525,000 $2,415,000 2,516 $302.85 134

CASTLEWOOD — 1 $1,275,000 $1,275,000 $1,275,000 — — — — —

CHASTAIN BUCKHEAD — — — — — — — — — —

PEACHTREE BATTLE 1 2 $560,000 $949,900 $754,950 $800,000 $800,000 4,432 $180.51 161

BROOKWOOD HILLS — 3 $749,000 $1,699,000 $1,315,667 - — — — —

COLLIER HILLS 3 6 $179,900 $1,299,000 $646,300 $458,500 $651,000 2,031 $274.22 61

VININGS — 8 $225,000 $2,850,000 $121,650 — — — — —

SILVER LAKE — — — — — — — — — —

BRITTANY — 2 $899,999 $1,415,000 $1,157,500 — — — — —

BROOKHAVEN (AS CITY) 35 113 $309,900 $3,395,000 $845,578 $275,000 $1,705,000 2,207 $221.19 75

SANDY SPRINGS (AS CITY) 43 219 $350,000 $5,600,000 $1,074,881 $260,000 $2,375,000 4,238 $219.83 99

ATLANTA (AS CITY) 584 1,537 $24,000 $14,700,000 $851,692 $15,900 $4,695,000 2,099 $167.62 53

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 DECEMBER 2017 data is based on neighborhood designations as recorded in FMLS. MuffleyHomes.com 2017 Performance BY AREA | NORTH ATLANTA The highest number of sales was seen in Area 62 (Duluth, Suwanee, Sugar Hill, Buford) with 206 single-family homes sold. Area 131 (Sandy Springs) attained the highest average sales price at $528,388. Area 221 (Dunwoody, Sandy Springs) saw the greatest sales price / opening price ratio at 97.9%. Homes are selling quickest in Area 61 (Norcross, Peachtree Corners, Berkeley Lake) with homes spending an average of 36 days on the market.

Area 131 acquired the highest average sales price at $528,388, while Area 221 saw the greatest sales price / opening price ratio at 97.9%.

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

Area 13 118 $504,739 93.7% 49 81

Area 14 121 $482,342 95.6% 50 73

Area 61 46 $326,238 96.9% 36 55

Area 62 206 $319,401 96.8% 53 68

Area 121 30 $523,049 94.8% 54 80

Area 131 36 $528,388 95.2% 64 82

Area 221 111 $422,059 97.9% 73 93

Area 222 102 $384,075 95.9% 72 88

AREA KEY (GENERAL NEIGHBORHOODS CAPTURED) 13: Milton, Roswell, Alpharetta, Crabapple 14: Roswell, Alpharetta, Johns Creek 61: Norcross, Peachtree Corners, Berkeley Lake 62: Duluth, Suwanee, Sugar Hill, Buford 121: Dunwoody, Sandy Springs 131: Sandy Springs 221: Cumming, Alpharetta 222: Cumming

MONTHLY REVIEW DECEMBER 2017 MuffleyHomes.com 2017 Performance BY NEIGHBORHOOD – NORTH ATLANTA

PRICE: Of homes sold in December, those in Dunwoody had INVENTORY: Cumming had the greatest number of homes the highest price per square foot average at $171.90 compared on the market of all North Atlanta neighborhoods studied. to the most affordable average price per square foot of $118.95 Cumming had 823 homes for sale, followed by Alpharetta with in Duluth. Milton had the highest priced home on the market at 326 and Suwanee with 245. $6.3M. Duluth comes in second with a home at $5.8M. Roswell and Johns Creek follow closely with listings in the low $5M SALES: range. Coming in at 287 sales in December, Cumming had the greatest number of homes sold of the North Atlanta neighborhoods DAYS ON MARKET: Homes sold quickest in Dunwoody and with sales prices ranging from $82,000 to $1.2M. Cumming is Duluth with homes spending an average of 32 and 35 days on followed by Alpharetta with 114 homes sold. the market, respectively. December’s longest average comes from Cumming with an average of 71 days on the market before being sold. Dunwoody yielded the highest price per square foot average at $171.90 compared to December’s least expensive price per square foot average of $118.95 in Duluth. NORTH ATLANTA 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

JOHNS CREEK 36 153 $ 269,900 $5,125,000 $889,087 $251,000 $1,200,000 3,532 $140.19 68

MILTON 31 183 $249,900 $6,299,000 $1,114,717 $248,060 $1,390,000 3,965 $166.15 65

CUMMING 287 823 $99,000 $4,500,000 $461,281 $82,000 $1,200,000 2,863 $122.40 71

ROSWELL 86 215 $219,000 $5,250,000 $726,243 $135,000 $1,705,292 2,973 $147.80 41

NORCROSS 20 38 $153,900 $819,000 $325,826 $125,000 $483,275 1,964 $120.29 42

DUNWOODY 24 41 $350,000 $1,195,000 $623,061 $295,850 $1,300,000 3,024 $171.90 32

PEACHTREE CORNERS 18 42 $282,500 $1,200,000 $609,857 $242,500 $486,000 2,816 $124.85 42

SUWANEE 95 245 $209,000 $4,500,000 $667,307 $169,067 $2,150,000 3,146 $123.58 50

DULUTH 43 145 $105,000 $5,795,000 $802,698 $135,000 $1,042,000 2,750 $118.95 35

ALPHARETTA 114 326 $85,000 $4,299,000 $780,499 $137,500 $1,749,000 3,183 $149.30 51

SOLD: 10741 Bell Road, Johns Creek GA 30097

SOURCES: MONTHLY REVIEW Sales counts and figures in this report are based on reported information via FMLS Neighborhood specific data is based on neighborhood designations as ecordedr in FMLS. DECEMBER 2017 MuffleyHomes.com 2017