The Collective Month At-A-Glance HOME REPORT| OCTOBER 2018 Atlanta’s Comprehensive Residential Real Estate Report ON THE COVER: 1481 Jones Road, Roswell 30075 The Collective Month At-A-Glance HOME REPORT| OCTOBER 2018 NATIONAL MARKET NEWS The National Association of Realtors (NAR) reported an increase of national inventory following six straight months of decreases. The median home price checked in at $255,400, up 3.8 percent from October 2017, making it the 80th straight month of price increases nationwide. United States sales in October were down 5.3 percent from last year, with 4.62 million homes sold. Properties nationwide spent an average of 33 days on the market, with 46 percent of them going under contract in less than a month. All-cash sales made up 23 percent of October’s transactions, and 31 percent of home sales in this month were first-time homebuyers. ATLANTA MARKET-WIDE Covering 11 Counties: CHEROKEE, CLAYTON, COBB, DEKALB, DOUGLAS, FAYETTE, FORSYTH, FULTON, GWINNETT, PAULDING, AND ROCKDALE. According to data from the Atlanta Realtors Association, metro Atlanta Realtors sold a total of 4,448 homes in October, a slowdown of 1,173 homes sold in September. The city saw 4,962 new listings to complete the total of 14,947 active listings in the metro area, up 163 listings from September. October’s average sales price was $3,000, up 6.9 percent from October 2017, and the median sales price was $263,000, a 9.1 percent increase from last year. DEMAND: PRICE: Home sales in October decreased 2.9 percent from September saw another month of positive gains last year. There was a 102-home difference between in the average and median sales prices in Atlanta. October and September 2018, with 4,448 homes sold The median sales price increased 9.1 percent from in October and 4,346 sold the month before. last year to $263,000. The average sales price of Atlanta homes increased 6.9 percent from 2017, now residing at $324,000. SUPPLY: The number of new listings in Atlanta is up 12.7 percent from October of last year. Atlanta’s number of active listings has increased as well, up 5.3 percent from October 2017. ON THE MARKET 1481 Jones Road, Roswell 30075 Area 21 (Buckhead, Haynes Manor, West Paces Ferry, Chastain Park, Peachtree Park) makes up five of Atlanta’s top intown neighborhoods. Homes in this area sold for an average of $1,209,065. PERFORMANCE BY AREA | INTOWN Area 52 (North Druid Hills, Decatur, Avondale, Belvedere Park) saw the highest number of sales with 170 single family homes sold. Homes closed at 97.3% of their opening price in Area 24 (Little Five Points, Edgewood, Kirkwood, East Lake). Area 51 (Brookhaven, Ashford Park, Dunwoody Forest, Chamlee) is an increasingly popular neighborhood, shown below by single family homes in the area spending less than a month on the market, the shortest days on market time in October. The highest average sales was $1,209,065 in Area 21 (Buckhead, Haynes Manor, West Paces Ferry, Chastain Park, Peachtree Park), the only Intown area to reach over $1 million in October. AREA SALES AVG. SALES PRICE SP/OP AVG. DOM AVG. DOMT Area 21 56 $1,209,065 87.70% 87 117 5 Area 22 60 $302,704 93.50% 37 43 2 Area 23 39 $743,371 95.30% 34 40 3 Area 24 51 $468,241 97.30% 32 38 2 Area 51 72 $525,327 96.10% 28 44 3 Area 52 170 $393,332 95.80% 34 43 2 Area 132 17 $901,838 95.00% 44 54 6 Area 132 21 $922,024 93.66% 65 95 6 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: Ansley Park, Midtown,VaHi, Morningside, Inman Park, Cabbagetown 24: Little Five, Edgewood, Kirkwood, East Lake ON THE MARKET 51: Brookhaven, Ashford Park, Dunwoody Forest, Chamblee 593 Pelham Road NE, 52: North Druid Hills, Decatur, Avondale, Belvedere Park 132: North Buckhead, Londonberry Atlanta 30324 PERFORMANCE BY NEIGHBORHOOD – INTOWN PRICE: The highest priced home on the market is in Buckhead INVENTORY: Buckhead, a luxurious neighborhood of Atlanta, had at $25M, followed by a home in Kingswood at $12.5M. The three the highest number of available homes in October, with 109 active homes sold in Collier Hills yielded the highest price / square foot listings. Other neighborhoods with high inventory were Morningside, average at $349.84, while square footage was most affordable in with 68 available homes, and North Buckhead, with 50. Riverview, Tuxedo Park, selling for an average of $194.67 / square foot. Chastain Buckhead, and Peachtree Battle all had 0 listings last month. DAYS ON MARKET: A home in Brookwood Hills spent only three days on the market in October, while a home in Sandy Springs SALES: The highest priced sale was in Tuxedo Park, where a home remained on the market for 285 days. A home in Castlewood was sold for $4,975,000. The most homes sold in October were in sold in four days, and homes in Virginia-Highland and Ashford Park Virginia-Highland, with 12 homes, followed by Buckhead, Ashford both sold in 19 days. Park, and Morningside, with 10 homes each. In October, Buckhead saw a home listed for $25 million followed by a home in Kingswood for $12.5 million. These listings rest in one of the most luxurious zip codes INTOWN NEIGHBORHOOD COMPARISON in the U.S. NEIGHBORHOOD SALES INVENTORY MIN. LIST MAX LIST AVG. LIST SALES PRICE MIN SALES PRICE MAX SQ. FT. TOTAL PRICE/SQ. FT. AVG. DOM RIVERVIEW 1 0 - - - - - - - - TUXEDO PARK 4 20 $865,000 $7,099,000 $2,495,090 $1,050,000 $4,975,000 1,416 $194.67 62 KINGSWOOD 4 13 $1,199,000 $12,500,000 $3,650,231 $1,285,250 $1,512,000 2,664 $255.47 143 N BUCKHEAD 6 50 $489,000 $3,295,000 $1,269,995 $509,250 $1,964,537 3,843 $244.01 57 CHASTAIN PARK 0 35 $799,000 $5,900,000 $2,062,839 - - - - - ANSLEY PARK 3 15 $799,000 $2,900,000 $1,688,367 $805,000 $1,800,000 4,065 $302.68 156 VIRGINIA-HIGHLAND 12 28 $449,900 $1,795,000 $1,012,093 $660,000 $1,480,000 2,647 $336.78 19 MORNINGSIDE 10 58 $395,000 $2,685,000 $1,251,607 $550,000 $1,800,000 3,289 $309.82 42 DRUID HILLS 1 2 $2,800,000 $2,800,000 $2,800,000 $110,000 $1,250,000 5,551 $212.97 142 INMAN PARK 0 3 $565,000 $750,000 $638,000 - - - - - GARDEN HILLS 4 10 $549,900 $1,699,900 $1,051,930 $520,000 $925,000 3,504 $232.09 31 PINE HILLS 6 22 $510,000 $1,674,000 $770,016 $475,000 $875,000 3,263 $222.53 119 HISTORIC BROOKHAVEN 1 19 $695,000 $4,350,000 $1,962,074 $912,500 $912,500 3,983 $229.10 - ASHFORD PARK 10 34 $279,900 $1,495,000 $753,715 $350,000 $1,230,000 2,583 $296.23 19 BROOKHAVEN 3 40 $695,000 $4,350,000 $2,001,535 $825,000 $1,555,000 3,659 $298.20 57 BUCKHEAD 10 109 $449,000 $25,000,000 $2,812,563 $509,250 $2,367,600 3,907 $307.68 33 SANDY SPRINGS 1 17 $375,000 $9,395,000 $2,390,235 $1,562,500 $1,562,500 4,667 $334.80 285 HAYNES MANOR 2 10 $425,000 $2,275,000 $1,239,000 $1,280,000 $2,367,600 - - 58 CASTLEWOOD 1 5 $689,000 $1,699,000 $1,046,400 $985,000 $985,000 3,397 $289.96 4 CHASTAIN BUCKHEAD 0 0 - - - - - - - - PEACHTREE BATTLE 0 0 - - - - - - - - BROOKWOOD HILLS 1 11 $1,045,000 $2,199,000 $1,459,273 $1,675,000 $1,675,000 - - 3 COLLIER HILLS 3 7 $599,000 $785,000 $682,429 $620,000 $765,000 1,968 $349.84 50 VININGS 6 23 $390,000 $2,490,000 $1,190,343 $455,000 $1,765,000 3,963 $228.45 87 SILVER LAKE 0 1 $145,000 $145,000 $145,000 - - - - - BRITTANY 1 3 $949,000 $1,299,000 $1,066,000 $590,000 $590,000 - - 58 BROOKHAVEN (AS CITY) 27 151 $164,000 $3,150,000 $791,260 $305,500 $1,230,000 3,112 $249.13 70 SANDY SPRINGS (AS CITY) 47 282 $315,000 $3,500,000 $935,274 $350,000 $1,650,000 3,642 $187.54 63 ATLANTA (AS CITY) 288 2249 $35,000 $25,000,000 $800,117 $32,000 $4,425,000 2,135 $177.14 38 SOURCES: Sales counts and figures in this report are based on reported information via FMLS. Neighborhood specific data is based on neighborhood designations as recorded in FMLS. PERFORMANCE BY AREA | NORTH ATLANTA The highest number of sales was seen in Area 62 (Duluth, Suwanee, Sugar Hill, Buford) with 218 single-family homes sold. This area has seen the highest number of sales for months in a row. Area 131 (Sandy Springs, Chattahoochee Plantation, North Harbor, Woodcliff) attained the highest average sales price at $692,388. Homes sold for 98.9 percent of their opening price in Area 61 (Norcross, Peachtree Corners, Berkeley Lake), where they also sold quickest with an average of 35 days on the market. For months, Area 62 (Duluth, Suwanee, Sugar Hill, Buford) has seen the highest number of sales of all the North Atlanta areas.