MARKET INSIGHTS INTOWN ATLANTA | 3Q15
Analysis of New & Re-sale Condo & Townhome Sales Activity
Experience. Exposure. Results.
CONTENT A Welcome B
Market Summary | Buckhead
C
Market Summary | Midtown
D
Market Summary | Downtown
E
Market Summary | Intown
F
New Townhomes
DEVELOPER SERVICES Representing a consolidation of Atlanta Fine Homes Sotheby’s International Realty’s most successful development sales and marketing teams, the leadership of our new Developer Services division has orchestrated record-breaking sales in Atlanta’s most celebrated high-rise developments. The Developer Services Division specializes in the strategic consulting, marketing and sales of high-quality residential developments. Backed by the global marketing platform of Sotheby’s International Realty, the experience, exposure and results delivered by our team is unparalleled. We provide developers with customized and comprehensive services, including pre-construction project planning, innovative marketing, and effective sales strategies, resulting in maximum success for our clients. We hope that you find the following comprehensive market report useful and insightful.
LEADERSHIP
Anne Schwall
Christa Huffstickler
Vice President
Vice President
Ansley Fetz Marketing Director
YOU BUILD HOMES, WE BRING BUYERS.
EXPERIENCE EXPOSURE RESULTS
BUCKHEAD MARKET SUMMARY
Our analysis of the Buckhead luxury condominium market focuses on those residences built no later than 2007 and priced above $700,000, with a minimum of two bedrooms. Generally speaking, availability has remained relatively consistent over the past two quarters, with sales peaking in July, with 10 sales. June represented the busiest month overall, with a total of 20 residences sold or under contract for sale by the end of the month. As it has all year, demand has remained strong for luxury condo residences in Buckhead, with sales closing anywhere from 93-99% of the original asking price.
•
Buckhead continues to remain consistent in terms of luxury sales in the Atlanta area. Through the first three quarters of 2015, there have been anywhere from 40-47 units listed for sale during any one month, with the exception of 55 units listed in September.
•
Sales hit a yearly high in July, with 10 residences closing at an average of over $1.56 million. Prices for luxury condominiums in Buckhead are well placed, with sellers receiving between 93-99% of the original asking price.
•
Average asking prices have remained relatively consistent throughout 2015, with prices ranging from $1.92 million to $2.05 million. Average prices per square foot went from $296/SF to $577/SF at the end of Q3 due to dwindling availability of new construction - with only new construction inventory available at the St. Regis and Mandarin Oriental.
BUCKHEAD
Area 21 - Atlanta North 3Q 2015 Built in 2007- present
Current vs. Prev Month Sep. 15
Aug. 15
Price: $700,000+ Size: 2 BD+ Type: Residential Attached
Current vs. 9 Months Ago % Change
Sep. 15
Jan. 15
% Change
For Sale
55
47
-17%
55
40
37.5%
Sold
4
3
33.3%
4
6
-33.3%
Pended
4
1
300%
4
6
-33.3%
Date
15-Jan
15-Feb
15-Mar
15-Apr
15-May
15-Jun
15-Jul
15-Aug
15-Sep
For Sale
40
46
43
40
40
42
44
47
55
Sold
6
2
8
6
6
7
10
3
4
Pended
6
7
7
7
7
13
5
1
4
Months of Inventory (Closed Sales)
6.7
23
5.4
6.7
6.7
6
4.4
15.7
13.8
Months of Inventory (Pended Sales)
6.7
6.6
6.1
5.7
5.7
3.2
8.8
47
13.8
Absorption Rate (Closed Sales) %
15
4.3
18.6
15
15
16.7
22.7
6.4
7.3
Absorption Rate (Pended Sales) %
15
15.2
16.3
17.5
17.5
31
11.4
2.1
7.3
Avg. Active Price ($000’s)
1923
1963
2037
2082
2048
2037
1987
2045
1970
Avg. Sold Price ($000’s)
1343
2000
1237
954
1752
1159
1561
1610
1995
Avg. Sq. Ft. Price ($)
296
418
421
374
480
427
593
687
577
Sold/List Diff. %
93
93
96
97
94
97
98
93
99
Sold/Orig LP Diff. %
93
93
96
96
95
97
98
89
122
Days on Market
82
58
153
162
159
63
114
128
164
Avg CDOM
152
58
153
162
159
63
126
128
164
Median
905
2000
1123
955
1605
995
1575
1285
1660
NUMBER OF RESIDENCES ON THE MARKET For Sale Sold Pended
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
MONTHS OF INVENTORY Closed Sales (January 2015 - September 2015)
AVERAGE PRICE PER SQ. FT. (January 2015 - September 2015)
*Not all sales data entered in FMLS
BUCKHEAD NEW CONDOS
Mandarin Oriental Residences The Mandarin Oriental Residences are some of the most sought-after units on the market. 10 residences have closed through 3Q15, all fetching between $600-$722/sq. ft.
List Price per SF
$605-786/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
7 total
2014 Total Closings
$690/SF
2015 Closed P/SF Avg SHELL
$620/SF
2015 Closed P/SF Avg FINISHED
$682/SF
2015 Total Closings
10
Pending Price per SF
no pending sales
UNIT #
CLOSED & PENDING DATES
SALES PRICE
53A
1/21/15
$1,500,000
2
42A
3/02/15
$1,700,000
43A
3/25/15
45A
BEDS BATHS
UNIT SF
$/SF
2.5
2091
$717.36
2
2.5
3040
$559.21
$2,150,000
3
3.5
2976
$722.45
5/28/15
$2,150,000
2
2.5
3000
$716.67
40A
5/29/15
$1,995,000
2
2.5
2999
$665.22
42B
6/30/15
$2,135,000
2
2.5
3501
$609.83
39A
7/20/15
$1,950,000
2
2.5
2895
$673.58
38B
9/15/15
$2,525,000
3
3.5
3501
$721.22
50R
9/15/15
$3,200,000
raw
raw
5157
$620.52
51
9/24/15
$3,888,000
4
3.5
5191
$748.99
*All data on this page courtesy of Trendgraphix, 1/1/2015 - 9/30/2015.
Sovereign Sovereign is completely sold out, with the final three residences closing during 3Q15. These 2BD/2.5BA residences closed between $500-$550/sq. ft.
2Q15 SOLD OUT
UNIT #
CLOSED & PENDING DATES
SALES PRICE
3603
3/16/15
$1,390,000
2
3202
7/1/15
$1,575,000
3002
7/31/15
3302
8/8/15
BEDS BATHS
UNIT SF
$/SF
2
2461
$564.81
2
2.5
3104
$507.41
$1,580,000
2
2.5
2882
$548.23
$1,575,000
2
2.5
2882
$546.50
List Price per SF
SOLD OUT
2013 Closed P/SF Avg
$559/SF
2013 Total Closings
22 total
2014 Closed P/SF Avg
$574/SF
2014 Total Closings
15 total
2015 Closed P/SF Avg
$542/SF
2015 Total Closings
4
Pending Price per SF
SOLD OUT
St. Regis Residences There are eight homes remaining at the St. Regis Residences, which include a combination of finished homes and shells ranging from 3,583 to 5,336 sq. ft. New shells are expected to range from $815-$1,065 per sq. ft.
UNIT #
CLOSED & PENDING DATES
SALES PRICE
2210
3/31/15
$2,590,000
shell
2330
5/5/15
$5,056,584
1940
10/31/15
2310
10/31/15
*Not all sales data entered in FMLS
BEDS BATHS
List Price per SF
$815-1045/SF
2013 Closed P/SF Avg
$840/SF
2013 Total Closings
5 total
2014 Closed P/SF Avg
$749 and $850
2014 Total Closings
6 total
2015 Closed P/SF Avg SHELL
$767/SF
UNIT SF
$/SF
shell
3264
$793.50
shell
shell
6824
$741.00
2015 Closed P/SF Avg FINISHED
all shells sold 2015
$4,000,000
shell
shell
4994
$800.96
2015 Total Closings
2
$4,225,000
shell
shell
5336
$791.79
Pending Price per SF
$796/SF
RESALE CONDOS ANALYSIS
BUCKHEAD Although Buckhead continues to offer less inventory than its Midtown neighbor, demand remains high for mid-range resale condominiums. Absorption leaders during through 3Q15 include Lenox Green, Peachtree Place, Eclipse and Ovation, which have all surpassed their 2014 totals. The Sovereign and The Ritz-Carlton Residences set the benchmark for luxury in Buckhead, with 2015 sales averaging $664 and $569/sq. ft., respectively.
•
Buckhead continues to provide a substantial offering of high-end condominiums to potential purchasers, and the market continues to reflect a buying trend.
•
Sales at Lenox Green, Peachtree Place, Eclipse and Ovation have all surpassed last year’s totals through 3Q15.
•
Average prices also surpass their Midtown neighbors, with Sovereign and the Ritz-Carlton leading the way at $664 and $569/SF, respectively.
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
BUILDING NAME
2014 TOTAL CLOSINGS
TOTAL UNITS
2014 CLOSED $/SF AVG.
2015 TOTAL CLOSINGS
2015 CLOSED $/SF AVG.
10 Terminus
500
23
330
7
347
2500 Peachtree
59
3
316
3
291
2828 Peachtree
79
5
240
6
321
3655 Peachtree
13
1
217
0
n/a
Brookside in Garden Hills
36
3
143
1
159
Buckhead Grand
286
29
227
30
243
Buckhead Village Lofts
400
7
211
11
260
Carrington Park
140
10
132
10
143
Cosmopolitan at Lindbergh
258
7
157
3
200
Eclipse
358
29
242
30
264
Gallery
203
18
319
12
333
Habersham Oaks
300
4
165
7
181
Hillside at Lenox
54
3
153
6
161
Le Chateau
66
7
134
7
148
Lenox Green
221
12
122
13
134
Mathieson Exchange
100
7
274
8
262
Meridian Buckhead
230
18
204
8
209
One Brookhaven
18
4
325
1
337
Ovation
270
17
225
22
247
Paces 325
206
21
225
16
232
Paramount
300
30
218
16
226
Park Avenue
124
10
303
7
287
Park Regency
140
9
261
6
287
Peachtree Place
330
32
148
33
183
Phoenix on Peachtree
63
6
266
7
264
Realm
406
48
271
31
299
Southern Bearings Lofts
12
1
158
0
n/a
Sovereign
82
n/a
0
5
664
The Aramore
124
16
202
14
225
The Astoria
69
5
268
3
309
The Borghese
55
6
235
6
241
The Grandview
226
23
177
6
213
The Park at East Paces
81
13
223
2
248
The Peachtree Residences
121
8
210
10
199
The Ritz-Carlton Residences
126
9
448
10
569
The View at Chastain
125
18
197
6
228
The West Paces
62
3
174
7
190
The Wiltshire
48
3
171
3
180
The Winston
37
2
302
3
297
Village Place Brookhaven
52
7
212
11
226
*Not all sales data entered in FMLS
MIDTOWN MARKET SUMMARY
The luxury marketplace in Midtown may not have the same availability in numbers as Buckhead, but units are priced more affordably here. Do not be fooled, though: sellers tend to receive near or even above their original asking price. Availability saw a sharp increase in March due to the completion of 1065 Midtown, an apartment conversion new to the market. Although average listing prices hit a yearly high in March, the highest closed sales prices were seen in July and August, at $1.1 and $1.245 million, respectively.
•
Luxury condominiums continue to remain a scarcity in Midtown, with no more than 35 residences for sale during any one month of 2015. Sales hit their high mark in August, with seven closing averaging $1.1 million.
•
Although inventory is not as plentiful in Midtown, they tend to be more affordable than Buckhead at the moment, due in part to the scarcity of new construction inventory in the Midtown market. New projects coming to market in 2016, including Seventh Midtown and One Museum Place are expected to bring prices here more in line with those of neighboring Buckhead.
•
As it has been in the luxury arena, be prepared to pay near or perhaps more than the asking price. Closed sales received between 97-105% of the original listing price.
MIDTOWN
Area 22 & 23 3Q 2015 Built in 2007- present
Price: $700,000+ Size: 2 BD+ Type: Residential Attached
Current vs. Prev Month Sep. 15
Aug. 15
Current vs. 9 Months Ago % Change
Sep. 15
Jan. 15
% Change
For Sale
28
30
-6.7%
28
16
75%
Sold
3
2
50%
3
4
-25%
Pended
8
9
-11.1%
8
2
300%
Date
15-Jan
15-Feb
15-Mar
15-Apr
15-May
15-Jun
15-Jul
15-Aug
15-Sep
For Sale
16
22
30
30
32
35
34
30
28
Sold
4
1
2
4
2
3
7
2
3
Pended
2
6
4
2
7
8
1
9
8
Months of Inventory (Closed Sales)
4
22
15
7.5
16
11.7
4.9
15
9.3
Months of Inventory (Pended Sales)
8
3.7
7.5
15
4.6
4.4
34
3.3
3.5
Absorption Rate (Closed Sales) %
25
4.5
6.7
13.3
6.3
8.6
20.6
6.7
10.7
Absorption Rate (Pended Sales) %
12.5
27.3
13.3
6.7
21.9
22.9
2.9
30
28.6
Avg. Active Price ($000’s)
1079
1178
1249
1240
1219
1153
1168
1198
1161
Avg. Sold Price ($000’s)
746
797
738
850
749
1051
1100
1245
890
Avg. Sq. Ft. Price ($)
325
304
285
296
246
255
419
460
360
Sold/List Diff. %
96
101
100
100
102
102
98
100
98
Sold/Orig LP Diff. %
97
101
100
100
105
103
98
100
97
Days on Market
188
35
14
98
156
150
151
37
93
Avg CDOM
281
35
14
140
156
150
151
37
93
Median
733
797
738
742
749
814
1315
1246
825
NUMBER OF RESIDENCES ON THE MARKET For Sale Sold Pended
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
MONTHS OF INVENTORY Closed Sales (January 2015 - September 2015)
AVERAGE PRICE PER SQ. FT. (January 2015 - September 2015)
*Not all sales data entered in FMLS
MIDTOWN NEW CONDOS
1065 Midtown Sales at 1065 Midtown began in May 2015, and an impressive nine units closed by the end of 3Q15, and an additional eight residences are under contract. Prices range from $450-$650/sq. ft.
CONVERSION List Price per SF
$508-$629/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
$538/SF
2015 Total Closings
9
Pending Price per SF
$592/SF
UNIT #
CLOSED & PENDING DATES
SALES PRICE
3101
6/30/15
$559,900
1
3202
7/10/15
$1,315,000
3205
7/17/15
3602
BEDS BATHS
UNIT SF
$/SF
1.5
1215
$460.82
2
2.5
2288
$581.03
$1,330,000
3
3
2289
$611.88
7/17/15
$1,400,000
3
3.5
2288
$611.89
3104
8/15/15
$1,750,000
3
3.5
2819
$620.79
3301
8/31/15
$579,900
1
1.5
1215
$477.28
2701
9/15/15
$549,900
1
1.5
1215
$452.59
3001
9/15/15
$569,900
1
1.5
1215
$469.05
3103
9/15/15
$1,120,000
2
2.5
1992
$562.25
3402
11/30/15
$1,350,000
3
3
2288
$590.03
2903
12/31/15
$1,050,000
2
2.5
1992
$527.11
3302
12/31/15
$1,335,000
3
3
2289
$583.22
3604
2/28/16
$1,950,000
3
3.5
2819
$691.73
3504
2/28/16
$1,850,000
3
3.5
2819
$656.26
3603
2/28/16
$1,375,000
2
2.5
1992
$690.26
2901
4/15/16
$550,000
1
1.5
1215
$452.67
2902
1/15/16
$1,250,000
3
3
2288
$546.33
UNIT #
CLOSED & PENDING DATES
SALES PRICE
UNIT SF
$/SF
Ansley Green Ansley Green is a boutique building with only six units, all 2BD/ 2BA offerings ranging in size from 1,650-1,750 sq. ft. Only one residence is currently available.
UNDER CONSTRUCTION List Price per SF
$432/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
301
4/6/15
$712,397
2
2
1750
$407.08
2014 Total Closings
N/A
302
4/16/15
$694,900
2
2
1750
$397.09
2015 Closed P/SF Avg
under construction
202
9/17/15
$674,900
2
2
1650
$409.03
2015 Total Closings
under construction
201
8/31/15
$728,400
2
2
1750
$416.23
Pending Price per SF
$408/SF
101
9/12/15
$718,600.
2
2
1750
$410.63
BEDS BATHS
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
The Atlantic Once a rental building, sales at The Atlantic resumed sales in 2014. 14 residences closed through 3Q15 and five more are slated to close by Thanksgiving.
UNIT #
CLOSED & PENDING DATES
SALES PRICE
2002
1/9/15
$398,900
2
1906
1/30/15
$282,000
1808
2/20/15
1807
UNIT SF
$/SF
2.5
1369
$291.38
1
1.5
1049
$268.83
$294,900
1
1.5
1132
$260.51
3/13/15
$326,900
1
1.5
1244
$262.78
4305
3/13/15
$662,900
3
3
2027
$327.04
1902
4/9/15
$399,900
2
2.5
1369
$292.11
1702
4/24/15
$399,900
2
2.5
1369
$292.11
2007
5/4/15
$332,000
1
1.5
1049
$316.49
1910
5/15/15
$430,900
2
2.5
1721
$250.38
4306
6/11/15
$615,000
3
3
2027
$303.40
2009
6/12/15
$480,000
2
2.5
1801
$266.52
1806
6/30/15
$299,900
1
1.5
1049
$285.89
613
9/24/15
$392,000
2
2.5
1728
$226.85
813
9/25/15
$415,900
2
2.5
1536
$270.77
1802
10/9/15
$404,900
2
2.5
1369
$295.76
1503
10/16/15
$489,900
2
2.5
1728
$283.51
1804
10/30/15
$441,900
2
2.5
1744
$253.38
1213
10/30/15
$428,900
2
2.5
1728
$248.21
1010
11/20/15
$405,900
2
2.5
1728
$234.90
*Not all sales data entered in FMLS
BEDS BATHS
List Price per SF
$237-491/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
ZERO
2014 Closed P/SF Avg
$282/SF
2014 Total Closings
26 total
2015 Closed P/SF Avg
$280/SF
2015 Total Closings
29
Pending Price per SF
$263/SF
MIDTOWN NEW CONDOS
One Museum Place One of the most sought after new boutique developments, One Museum Place is a five story building currently under construction. Sales have been very brisk with 50% of homes already under contract. The newly released Premier Collection is now selling.
UNDER CONSTRUCTION List Price per SF
$450-850/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
under construction
2015 Total Closings
under construction
Pending Price per SF
$614/SF
Seventh Midtown Currently under construction, this boutique condominium with only 20 units is already 65% sold. Prices range from 387/SF to over 600/SF and closings will begin in January of 2016.
UNDER CONSTRUCTION List Price per SF
$382-591/SF
2013 Closed P/SF Avg
N/A
UNIT #
CLOSED & PENDING DATES
SALES PRICE
2013 Total Closings
N/A
402
2/16/16
$959,900
3
2014 Closed P/SF Avg
N/A
503
2/16/16
$859,900
2014 Total Closings
N/A
601
2/16/16
2015 Closed P/SF Avg
under construction
PH 2
2015 Closed P/SF Avg
under construction
2015 Total Closings
under construction
Pending Price per SF
$471/SF
BEDS BATHS
UNIT SF
$/SF
3
2340
$410.21
2
2.5
2092
$411.04
$1,449,900
3
3
2874
$504.49
2/16/16
$1,589,900
3
3
2710
$586.68
502
2/16/16
$989,900
3
3
2340
$423.03
PH 1
2/16/16
$1,689,900
3
3
2710
$623.58
203
2/16/16
$799,900
2
2.5
2092
$382.36
303
2/16/16
$809,900
2
2.5
2092
$387.14
403
2/16/16
$829,900
2
2.5
2092
$396.70
501
2/16/16
$829,900
2
2.5
1805
$459.78
701
2/16/16
$1,599,900
3
3
2874
$556.68
302
2/29/16
$989,900
3
3
2340
$423.03
202
2/29/16
$979,900
3
3
2340
$418.76
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
White Provision The final two units in the possession of the developer have sold during 3Q15, which means White Provision is now completely sold out.
3Q15 SOLD OUT
UNIT #
CLOSED & PENDING DATES
SALES PRICE
815
1/14/15
$250,000
1
608
6/29/15
$410,000
908
8/15/15
708
9/8/15
*Not all sales data entered in FMLS
BEDS BATHS
UNIT SF
$/SF
1
809
$309.02
3
2.5
1548
$264.86
$499,900
3
2.5
1548
$322.93
$439,900
3
2.5
1548
$284.17
List Price per SF
SOLD OUT
2013 Closed P/SF Avg
$248/SF
2013 Total Closings
9 total
2014 Closed P/SF Avg
$289/SF
2014 Total Closings
9 total
2015 Closed P/SF Avg
$295/SF
2015 Total Closings
4
Pending Price per SF
SOLD OUT
RESALE CONDOS ANALYSIS
MIDTOWN This section of our analysis focuses solely on resales in Midtown with an emphasis on condominiums built and delivered since 2000. Demand is high enough through the first three quarters of 2015 to outpace last year’s totals if current trends hold, all while prices are showing a slight uptick across the board in average prices per square foot. 1280 West, Peachtree Walk, Art Foundry Atlantic Station, Element Atlantic Station and Twelve Atlantic Station have already sold more through 3Q15 than during 2014, while each building has closed for higher average prices than last year as well.
•
This section of our analysis focused solely on resales in Midtown. The third quarter saw a substantial increase in sales at 1280 West, Metropolis, and The Brookwood.
•
Sales at 1280 West have already eclipsed last year’s totals, as have sales at Ansley Above the Park, Art Foundry, Twelve Atlantic Station and more.
•
The number of sales to date through the first three quarters totals 563 in the Midtown area, on pace to pass last year’s total of 694.
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
BUILDING NAME
2014 TOTAL CLOSINGS
TOTAL UNITS
2014 CLOSED $/SF AVG.
2015 TOTAL CLOSINGS
2015 CLOSED $/SF AVG.
1010 Midtown
425
43
360
37
384
1023 Juniper
19
0
n/a
2
243
1280 West
434
20
171
22
189
401 West Tenth
31
2
119
1
156
805 Peachtree
118
11
196
7
214
905 Juniper
92
8
328
11
359
Above the Four Seasons
91
7
310
7
416
Ansley Above the Park
127
5
272
7
290
Aqua
83
6
245
1
291
Art Foundry Atlantic Station
347
20
151
33
163
ATLofts
53
2
143
3
87
Avista
20
1
122
2
202
Brookwood Place
137
14
147
10
179
Cornerstone Village
310
23
172
22
191
Cotting Court
60
5
263
1
251
Element Atlantic Station
322
20
174
21
187
Heritage Place
89
6
181
4
182
Lofts at the Belvedere
48
2
167
1
210
Lofts at the Park
54
6
219
6
229
Luxe
112
12
336
9
328
Manor House
94
11
188
8
204
Mayfair Renaissance
297
23
237
19
278
Mayfair Tower
323
22
237
23
242
Metropolis
498
58
248
52
290
MidCity Lofts
132
13
223
9
257
Parc Vue
136
15
208
7
250
Park Central
397
42
205
23
222
Peachtree Walk
218
9
193
12
201
Piedmont Crest
70
12
280
7
286
Piedmont Park West
28
5
182
3
219
Plaza Midtown
418
57
257
32
269
Spire
393
41
269
31
292
The Belvedere
39
5
228
2
269
The Brookwood
219
17
333
20
353
The Dakota
160
16
225
8
263
The Terraces at Peachtree
96
9
141
3
136
Tuscany
230
26
207
18
222
Twelve Atlantic Station
404
16
211
28
224
Viewpoint
378
59
285
35
323
Virginia Hill
53
5
218
3
197
White Provision
94
13
285
9
288
Wilburn House
69
7
272
4
257
*Not all sales data entered in FMLS
DOWNTOWN MARKET SUMMARY
Sales in Downtown Atlanta continue to grow and are set to eclipse 2014’s total of 98 closings. To date, 80 residences have sold, making 3Q15 a busy one for the Downtown area. Twelve Centennial Park continues to set the mark for activity, with 26 sales through 3Q15, a substantial increase over last year’s 21 sales. The W Residences sets the standard as the most expensive building per square foot, with an average of $343/sq. ft.
•
The market appears to be one for sellers in the Downtown area, as prices per square foot have been increasing across the board.
•
There have been 80 sales through 3Q15, also putting Downtown on pace to pass last year’s total of 98.
•
Twelve Centennial Park leads the way with 26 sales, passing last year’s total of 21, with average prices per square foot increasing by $21 year over year.
DOWNTOWN MARKET ANALYSIS
BUILDING NAME
2014 TOTAL CLOSINGS
TOTAL UNITS
2014 CLOSED $/SF AVG.
2015 TOTAL CLOSINGS
2015 CLOSED $/SF AVG.
123 Luckie
49
1
165
1
190
Castleberry Point
108
10
157
1
161
Centennial House
101
6
126
7
138
Centennial Park North
45
0
n/a
0
n/a
Centennial Park West
93
3
419
7
184
Centennial Station
58
1
116
1
98
Duo
80
3
72
2
108
Enclave at Renaissance
56
1
118
4
126
Fair and Walker Lofts
42
1
106
0
n/a
Fairside Lofts
15
1
83
0
n/a
Museum Tower
167
9
191
7
212
Renaissance Walk
20
0
n/a
0
n/a
The Metropolitan
89
10
100
7
127
The Reynolds
130
13
211
13
220
Twelve Centennial Park
517
21
215
26
237
W Residences
74
18
325
4
343
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
DOWNTOWN NEW CONDOS
W Residences The W Residences are now completely sold out, with the closing of the two-story penthouses at the end of 3Q15, with both residences closing for $436.99 and $455.76 per square foot, respectively.
3Q15 SOLD OUT
UNIT #
CLOSED & PENDING DATES
SALES PRICE
2701
4/30/15
$1,200,000
3
2704
6/1/15
$1,600,000
2703
9/29/15
2706
9/30/15
*Not all sales data entered in FMLS
BEDS BATHS
UNIT SF
$/SF
3.5
3443
$348.53
3
3.5
4153
$385.26
$1,699,000
3
3.5
3888
$436.99
$1,499,000
3
3.5
3289
$455.76
List Price per SF
SOLD OUT
2013 Closed P/SF Avg
$255/SF
2013 Total Closings
36 total
2014 Closed P/SF Avg
11 total
2014 Total Closings
$328/SF
2015 Closed P/SF Avg
$367/SF
2015 Total Closings
2
Pending Price per SF
SOLD OUT
INTOWN MARKET SUMMARY
INTOWN NEW CONDOS
Oakland Park Nine residences have become available as the developer listed the remaining units for sale after initially leasing them. Four have closed through 3Q15 and the final five units are all scheduled to close by the end of the year.
UNIT #
CLOSED & PENDING DATES
SALES PRICE
407
3/27/15
$220,000
2
612
5/22/15
$159,900
512
6/9/15
607
BEDS BATHS
UNIT SF
$/SF
2
1069
$205.80
1
1
765
$209.02
$162,000
1
1
765
$211.76
9/15/15
$257,400
2
2
1096
$234.85
306
10/9/15
$259,900
2
2
1424
$182.51
608
10/15/15
$164,900
1
1
765
$215.56
406
11/20/15
$259,900
2
2
1424
$182.51
506
11/20/15
$269,900
2
2
1424
$189.54
606
12/28/15
$289,900.00
2
2
1424
$203.58
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
*Not all sales data entered in FMLS
List Price per SF
$216-220/SF
2013 Closed P/SF Avg
$178/SF
2013 Total Closings
7
2014 Closed P/SF Avg
$192/SF
2014 Total Closings
2
2015 Closed P/SF Avg
$215/SF
2015 Total Closings
4
Pending Price per SF
no pending sales
RESALE CONDO ANALYSIS
OTHER INTOWN The outlying areas of Atlanta have seen the largest absorption of product due to an increase in apartment offerings over the past few years, including an increased availability of affordable condominiums listed under $200,000. To date, there have been 291 closings through 3Q15 compared with a total of only 305 sales during 2014, which makes the Intown area the most active of any area analyzed in this report.
•
Sales in the other areas of Atlanta have seen the most absorption through 3Q15. To date, there have been 291 condominiums sold, nearly reaching last year’s total of 305.
•
Affordable condos are still in demand, and nowhere is this more evident than at The Enclave at Briarcliff. There have been 26 sales this year, compared with only three last year.
•
BUILDING NAME
As with other areas around town, prices are showing a slight uptick in average prices per square foot across the board.
2014 TOTAL CLOSINGS
TOTAL UNITS
2014 CLOSED $/SF AVG.
2015 TOTAL CLOSINGS
2015 CLOSED $/SF AVG.
15 Waddell
15
3
167
2
188
335 West Ponce
70
1
244
2
225
870 Inman
108
10
280
8
289
Arizona Lofts
115
12
161
12
174
Axis (Phase I Condos)
24
18
149
3
157
AZ2
70
2
171
6
203
Block Lofts
69
12
181
4
203
Brickworks
52
1
247
3
243
Caroline Street Lofts
29
2
157
4
164
Central City Condominiums
88
2
156
5
143
Central Park Lofts
30
0
n/a
1
126
Cheshire Place
32
7
121
5
139
*All data on this page courtesy of Trendgraphix, 1/1/2015 - 9/30/2015.
BUILDING NAME
2014 TOTAL CLOSINGS
TOTAL UNITS
2014 CLOSED $/SF AVG.
2015 TOTAL CLOSINGS
2015 CLOSED $/SF AVG.
City Side Lofts
100
4
51
4
55
City Space Lofts
15
1
158
1
188
City View (at Freedom Pkwy.)
56
0
n/a
0
n/a
City View Lofts (at North Ave.)
20
1
157
1
182
Copenhill Lofts
40
1
224
5
250
Decatur Renaissance
168
14
169
11
206
Dynamic Metal Lofts
39
0
n/a
1
187
Freedom Heights
185
15
159
20
193
Freedom Lofts
60
8
192
5
224
Glen Iris Lofts
110
9
208
8
254
Glenwood Park Condos
45
5
150
8
186
Greenwood Lofts
33
1
213
3
246
Grinnell Lofts
24
6
268
0
n/a
Highland Hall
68
12
142
8
184
Hill Street Lofts
146
6
55
2
99
Inman Green
12
0
n/a
2
154
Inman Hills
32
4
209
3
201
Inman Park Village Lofts
68
7
239
7
271
LaFrance Street Lofts
89
2
149
1
181
Lofts at Reynoldstown Crossing
30
0
n/a
0
n/a
Marble Lofts
17
3
191
2
239
Milltown Lofts
110
13
181
20
230
Moreland Lofts
8
6
135
1
139
One Grant Park
8
0
n/a
0
n/a
Ponce Springs Lofts
115
2
177
7
219
Providence on Ponce
22
2
194
0
n/a
Sager Lofts
24
1
159
0
n/a
Shoe Factory Lofts
41
2
168
2
210
Sky Lofts
207
20
96
11
105
South Park Lofts
46
3
140
2
171
Stratford Commons
128
7
125
4
130
Sutherland Place Lofts
32
2
185
4
210
Talley Street Lofts
90
2
89
3
138
The Artisan
127
11
239
7
287
The Carlton
69
4
216
4
223
The Clairemont
66
6
264
0
n/a
The Clifton
80
3
228
5
248
The Enclave at Briarcliff
270
3
124
26
145
The Stacks
299
39
177
33
204
The Washington
150
0
n/a
5
72
Tribute Lofts
147
10
164
10
177
*Not all sales data entered in FMLS
NEW TOWNHOMES MARKET SUMMARY
BUCKHEAD NEW TOWNHOMES
2108 Defoors Ferry Townhomes There are two floorplans available, with the 3 bedroom option offering a terrace and small fenced green space. There have been five closings through 3Q15 and one more scheduled to close during the fourth quarter.
UNDER CONSTRUCTION List Price per SF
$217-$237/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
under construction
2015 Total Closings
under construction
Pending Price per SF
$234/SF
UNIT #
CLOSED & PENDING DATES
SALES PRICE
101
7/17/15
$599,900
3
106
7/31/15
$579,900
104
8/14/15
105
BEDS BATHS
UNIT SF
$/SF
3.5
2530
$237.11
3
3.5
2530
$237.11
$579,900
3
3.5
2530
$229.21
8/18/15
$579,900
3
3.5
2530
$229.21
107
8/24/15
$599,900
3
3.5
2530
$229.21
102
10/9/15
$579,900
3
3.5
2530
$229.21
UNIT #
CLOSED & PENDING DATES
SALES PRICE
UNIT SF
$/SF
1119
3/20/15
$729,834
4
4.5
3500
$208.52
Enclave on Collier A mix of townhomes and single-family homes, Enclave on Collier has closed six residences through 3Q15, all 3,500 sq. ft. residences averaging between $208-$233/sq. ft.
List Price per SF
$199/214/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
1121
4/16/15
$749,900
3
4.5
3500
$214.26
2014 Total Closings
N/A
1123
5/29/15
$781,230
4
4.5
3500
$223.21
2015 Closed P/SF Avg
$219/SF
1125
6/30/15
$813,938
4
4.5
3500
$232.55
2015 Total Closings
4
1115
7/22/15
$793,640
4
4.5
3500
$226.75
Pending Price per SF
$225/SF
1117
7/30/15
$791,107
3
4.5
3500
$226.03
BEDS BATHS
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
Haven on Briarwood The second phase of sales at Haven on Briarwood is currently underway, with a total of 19 townhomes being sold. Average prices per sq. ft. range between $190-$200.
2Q15 SOLD OUT
UNIT #
CLOSED & PENDING DATES
SALES PRICE
27
1/30/15
$428,000
BEDS BATHS 3
3.5
UNIT SF
$/SF
2550
$167.84
2
2/17/15
$405,477
4
3.5
2550
$159.01
36
2/24/15
$374,900
3
3.5
2000
$187.45
37
2/27/15
$367,940
3
3.5
2000
$183.97
35
4/17/15
$375,000
3
3.5
2000
$187.50
39
5/17/15
$375,000
3
3.5
2000
$187.50
List Price per SF
sold out
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
$176/SF
2014 Total Closings
7
2015 Closed P/SF Avg
$178/SF
2015 Total Closings
10
Pending Price per SF
$200/SF
Lenox Walk Lenox Walk is a boutique development of only five townhomes, which is now completely sold out. Both residences closing this year offered 4 bedrooms and 3.5 bathrooms at a price of $210-$228/SF.
UNIT #
CLOSED & PENDING DATES
SALES PRICE
200
1/9/15
$615,000
4
100
7/8/15
$500,000
4
*Not all sales data entered in FMLS
BEDS BATHS
UNIT SF
$/SF
3.5
2686
$228.97
3.5
2381
$210.00
List Price per SF
$233-246/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
$230/SF
2014 Total Closings
2
2015 Closed P/SF Avg
$219/SF
2015 Total Closings
2
Pending Price per SF
$230/SF
BUCKHEAD NEW TOWNHOMES
Manchester A new development by Hedgewood Homes, Manchester began presales during 2Q15. Homes average about 1,700 sq. ft. in living space and a price range of $200-270/SF. Eight units are expected to close during 4Q15.
UNDER CONSTRUCTION List Price per SF
$236/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
UNIT #
CLOSED & PENDING DATES
SALES PRICE
2063 Manchester
9/30/15
$438,900
3
under construction
226 Telfair
10/30/15
$414,500
2015 Total Closings
under construction
218 Telfair
10/30/15
Pending Price per SF
$237/SF
212 Telfair
BEDS BATHS
UNIT SF
$/SF
2.5
1624
$270.26
4
3
1753
$236.45
$385,000
3
3
1701
$226.34
10/30/15
$354,900
3
3
1701
$208.64
216 Telfair
10/30/15
$383,250
3
3
1701
$225.31
220 Telfair
10/30/15
$383,250
3
3
1701
$225.31
2067 Manchester
11/30/15
$418,000
3
2.5
1714
$243.87
2073 Manchester
12/1/15
$444,900
3
2.5
1714
$259.57
2071 Manchester
12/18/15
$414,900
3
2.5
1704
$243.49
Metropolitan at Phipps With only 11 residences, Metropolitan at Phipps is centrally located in the heart of Buckhead. All residences come with 3-car garages, elevators, 3 bedrooms + den and 3.5 bathrooms. List Price per SF
$272-304/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
$309/SF
2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings
1
Pending Price per SF
$285/SF
UNIT #
CLOSED & PENDING DATES
SALES PRICE
4
4
4/6/15
$999,900
3
$285/SF
2
8/27/15
$999,900
3
BEDS BATHS
UNIT SF
$/SF
3.5
3500
$285.69
3.5
3500
$285.69
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
St. Andrews St. Andrews will consist of 23 townhomes and nine single-family homes. One residence is under contract for sale, a 3BD/2.5BA home with 2,278 sq. ft. of living space and a price tag of $368/SF.
UNDER CONSTRUCTION
UNIT #
CLOSED & PENDING DATES
SALES PRICE
14
11/30/15
$839,000
BEDS BATHS 3
2.5
UNIT SF
$/SF
2278
$368.31
List Price per SF
$363/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
under construction
2015 Total Closings
under construction
Pending Price per SF
$368/SF
Towns at Druid Hills A new gated community located on N. Druid Hills Road, this new development offers a total of 65 townhomes along with a community pool and cabana. Three home are expected to close in the final quarter of 2015, all offering at least 3,000 sq. ft. of living space with a price tag in the neighborhood of $180/sq. ft.
COMING SOON UNIT #
CLOSED & PENDING DATES
SALES PRICE
35
9/21/15
$540,685
3
33
8/20/15
$569,490
16
8/31/15
18 14 17
UNIT SF
$/SF
3.5
3053
$177.10
4
3.5
3053
$186.53
$561,640
4
3.5
3060
$183.54
10/31/15
$542,860
3
3.5
3053
$177.81
10/31/15
$569,525
3
3.5
3060
$186.12 $188.27
10/31/15
*Not all sales data entered in FMLS
$583,640
BEDS BATHS
4
3.5
3100
List Price per SF
$180-187/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
$177/SF
2015 Total Closings
1
Pending Price per SF
$184/SF
BUCKHEAD NEW TOWNHOMES
Turnbury Gates Partially completed in 2007, the remaining 48 units are being finished by John Wieland Neighborhoods and are currently being offered for sale. Fourteen residences closed during through 3Q15, and two more are currently expected to close in November 2015.
List Price per SF
$179-190/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
$187/SF
2014 Total Closings
17
2015 Closed P/SF Avg
$187/SF
2015 Total Closings
19
Pending Price per SF
$250/SF
UNIT #
CLOSED & PENDING DATES
SALES PRICE
49
2/27/15
$535,165
3
55
3/2/15
$521,620
50
3/12/15
54
BEDS BATHS
UNIT SF
$/SF
3.5
3100
$172.63
3
3.5
3100
$168.26
$538,770
3
3.5
3100
$173.80
3/20/15
$574,162
3
3.5
3100
$185.21
52
3/20/15
$564,962
3
3.5
3100
$182.25
56
4/3/15
$577,875
3
3.5
3100
$186.41
59
4/10/15
$556,962
3
3.5
3000
$185.65
58
4/15/15
$562,051
3
3.5
3100
$181.31
52
5/25/15
$564,962
3
3.5
3100
$182.25
64
5/29/15
$422,606
3
3.5
2100
$201.24
67
5/29/15
$450,559
3
3.5
2118
$212.73
68
5/29/15
$456,399
3
3.5
2118
$215.49
57
6/26/15
$563,000
3
3.5
3100
$181.61
62
7/27/15
$456,808
4
3.5
2375
$192.34
48
11/13/15
$557,650
3
3.5
2118
$263.29
78
11/30/15
$501,389
3
3.5
2118
$236.73
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
BROOKHAVEN NEW TOWNHOMES
Aldredge at Brookhaven Presales began in December 2014 at Aldredge. During the first three quarters of 2015, nine units are under contract to close; all 4 bedroom, 4.5 bathroom offerings between 3,825 and 3,842 sq. ft. of living space.
COMING SOON UNIT #
CLOSED & PENDING DATES
SALES PRICE
10
11/30/15
$953,900
4
5
11/30/15
$1,085,960
11
11/30/15
12
BEDS BATHS
UNIT SF
$/SF
4.5
3842
$248.28
4
4.5
3825
$283.91
$1,021,400
4
4.5
3842
$265.85
12/31/15
$1,048,400
4
4.5
3842
$272.88
14
12/31/15
$996,400
4
4.5
3842
$259.34
16
12/31/15
$1,088,900
4
4.5
3842
$283.42
1
2/1/16
$1,042,400
4
4.5
3842
$271.32
8
5/31/16
$1,104,800
4
4.5
3825
$288.84
4
6/30/16
$1,084,000
4
4.5
3825
$283.40
List Price per SF
N/A
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
under construction
2015 Total Closings
under construction
Pending Price per SF
$273/SF
Brookhaven Crossing Presales began this year, and five townhomes are under contract to sell. All residences offer 3- or 4 bedrooms and 3.5 bathrooms in the neighborhood of $190-$200/sq. ft.
UNIT #
CLOSED & PENDING DATES
SALES PRICE
3583 Adelaide
10/30/15
$435,390
4
3600 Donaldson
12/23/15
$503,490
3589 Adelaide
12/31/15
3584 Adelaide 1561 Brooksbank
UNIT SF
$/SF
3.5
2234
$194.89
3
3.5
2510
$200.59
$427,740
4
3.5
2234
$191.47
1/29/16
$477,915
3
3.5
2510
$190.40
5/31/16
$495,265
3
3.5
2510
$197.32
*Not all sales data entered in FMLS
BEDS BATHS
PRE-SELLING BEGINS 3Q15 List Price per SF
$190-194/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
under construction
2015 Total Closings
under construction
Pending Price per SF
$194/SF
BROOKHAVEN NEW TOWNHOMES
Reserve at Brookleigh Four homes have sold through 3Q15, but all took place in the first quarter of this year. Sales prices for these 3 bedroom, 3.5 bathroom residences ranged from $179-$211/sq. ft.
List Price per SF
$199/SF
2013 Closed P/SF Avg
3
2013 Total Closings
$155/SF
2014 Closed P/SF Avg
$176/SF
2014 Total Closings
48
2015 Closed P/SF Avg
$191/SF
2015 Total Closings
16
Pending Price per SF
$192/SF
Lenox Overlook
1Q15 SOLD OUT List Price per SF
2013 Closed P/SF Avg 2013 Total Closings 2014 Closed P/SF Avg 2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings Pending Price per SF
$157-169/SF $136/SF 42 $143/SF 36 $139/SF 1 sold out
UNIT #
CLOSED & PENDING DATES
SALES PRICE
1592 Durden RD
1/9/15
$432,658
3
1594 Durden DR NE
1/30/15
$476,947
1600 Durden
2/25/15
1632 Canopy Chase
3/6/15
BEDS BATHS
UNIT SF
$/SF
3.5
2250
$192.29
3
3.5
2250
$211.98
$409,900
3
3.5
2249
$182.26
$527,132
3
3.5
2934
$179.66
Savoy at Town Brookhaven Located near Peachtree Road in Brookhaven, the Savoy is made up of 55 townhomes generally ranging in size from 2,100-3,100 sq.ft. 14 townhomes have closed or are under contract so far in 2015.
UNIT #
CLOSED & PENDING DATES
SALES PRICE
0
1/30/15
$655,000
3
9
2/27/15
$511,063
7
3/31/15
$522,821
BEDS BATHS
UNIT SF
$/SF
3.5
2938
$222.94
3
3.5
2148
$237.93
2
3.5
2108
$248.02
2936
4/15/15
$550,000
2
3.5
2108
$260.91
6
4/16/15
$547,811
3
3.5
2108
$259.87
5
4/22/15
$527,350
2
3.5
2148
$245.51
2
4/28/15
$515,503
2
3.5
2108
$244.55
40
5/5/15
$725,343
4
4.5
2988
$242.75
40
5/5/15
$725,373
4
4.5
2988
$242.76
45
5/29/15
$707,700
4
4.5
2998
$236.06
45
5/27/15
$682,578
4
4.5
2998
$227.68
4
5/27/15
$532,250
3
3.5
2108
$252.49
19
5/28/15
$775,000
3
3.5
3053
$253.85
41
5/28/15
$672,168
4
4.5
3577
$187.91
List Price per SF
$205-234/SF
2013 Closed P/SF Avg
$215/SF
2013 Total Closings
3
2014 Closed P/SF Avg
$218/SF
2014 Total Closings
16
2015 Closed P/SF Avg
$240/SF
2015 Total Closings
25
Pending Price per SF
N/A
VININGS NEW TOWNHOMES
Paces View Units 43 through 46 are currently being offered, with units 94-112 to be offered after. Estimated sizes for the new townhomes are expected to be at least 4,000 sq. ft.
List Price per SF
TBD
2013 Closed P/SF Avg
$180/SF
2013 Total Closings
30
2014 Closed P/SF Avg
$176/SF
2014 Total Closings
13
2015 Closed P/SF Avg
$228/SF
2015 Total Closings
5
Pending Price per SF
$235/SF
UNIT #
CLOSED & PENDING DATES
SALES PRICE
1
3/27/15
$875,879
3
3
4/21/15
$922,000
2
5/27/15
4
BEDS BATHS
UNIT SF
$/SF
4.5
3800
$230.49
3
4.5
3800
$242.63
$846,384
3
4.5
3800
$222.73
6/17/15
$835,122
3
4.5
3800
$219.77
2798 Paces
8/31/15
$899,900
3
4.5
3995
$225.26
2714 Paces
12/31/15
$939,900
4
4.5
4000
$234.98
Vinings Parc East Residences at Vinings Parc East offer 3 bedrooms with a bonus room or 2-story townhomes with a basement. Seven residences are expected to close as of the end of 3Q15, with the smallest residence offering 2,355 sq. ft. of living space and the largest at 3,553 sq. ft.
UNDER CONSTRUCTION UNIT #
CLOSED & PENDING DATES
SALES PRICE
N/A
3234 Nobilty Way
11/10/15
$428,300
3
2013 Total Closings
N/A
3226 Nobilty Way
11/11/15
$408,400
2014 Closed P/SF Avg
N/A
3222 Nobilty Way
11/11/15
2014 Total Closings
N/A
3218 Nobility Way
2015 Closed P/SF Avg
N/A
2015 Total Closings Pending Price per SF
UNIT SF
$/SF
3.5
2839
$150.86
3
3.5
2839
$143.85
$408,300
3
3.5
2839
$143.82
11/13/15
$406,200
3
3.5
2839
$143.08
3233 Nobility Way
12/15/15
$414,300
3
2.5
2355
$175.92
N/A
3279 Matthewson
12/23/15
$424,895
4
4.5
3553
$119.59
$145/SF
3275 Matthewson
3/24/16
$396,900
3
3.5
2839
$139.80
List Price per SF
$139-$185/SF
2013 Closed P/SF Avg
BEDS BATHS
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
Vinings on the Chattahoochee Sales at Vinings on the Chattahoochee have been consistent throughout 2015, with 21 units closing through 3Q15. All residences offer 3 bedrooms and 3.5 bathrooms and approximately 2,444 sq. ft. of living space. Prices remain around $120/sq. ft. for units here.
UNIT #
CLOSED & PENDING DATES
SALES PRICE
272
2/27/15
$290,000
3
273
2/27/15
$279,900
267
2/27/15
274
UNIT SF
$/SF
3.5
2444
$118.66
3
3.5
2444
$114.53
$279,900
3
3.5
2444
$114.53
2/27/15
$301,900
3
3.5
2444
$123.53
266
3/31/15
$298,900
3
3.5
2444
$122.30
245
4/17/15
$288,900
3
3.5
2444
$118.21
247
4/17/15
$307,900
3
3.5
2444
$125.98
278
5/6/15
$307,479
3
3.5
2444
$125.81
242
5/8/15
$309,900
3
3.5
2444
$126.80
279
5/18/15
$299,900
3
3.5
2444
$122.71
271
5/21/15
$295,900
3
3.5
2444
$121.07
275
5/28/15
$319,900
3
3.5
2444
$130.89
270
5/29/15
$295,900
3
3.5
2444
$121.07
276
6/19/15
$319,862
3
3.5
2444
$130.88
277
6/4/15
$314,500
3
3.5
2444
$128.68
280
6/5/15
$311,900
3
3.5
2444
$127.62
269
6/26/15
$291,900
3
3.5
2444
$119.44
243
6/30/15
$297,900
3
3.5
2444
$121.89
244
7/20/15
$298,200
3
3.5
2444
$122.01
246
8/27/15
$299,100
3
3.5
2444
$122.38
257
9/30/15
$319,900
3
3.5
2444
$130.89
262
9/30/15
$305,900
3
3.5
2444
$125.16
156
12/29/15
$324,900
3
3.5
2450
$132.61
265
10/30/15
$319,900
3
3.5
2450
$130.57
259
10/20/15
$305,900
3
3.5
2450
$124.86
260
9/30/15
$306,900
3
3.5
2450
$125.27
*Not all sales data entered in FMLS
BEDS BATHS
List Price per SF
$122-130/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
$123/SF
2015 Total Closings
28
Pending Price per SF
$127/SF
MIDTOWN NEW TOWNHOMES
5th & Piedmont This boutique project is a conversion of an older home into six townhomes. Two of these are scheduled to close in October, both 3 bedroom, 3.5 bathroom offerings averaging around $360/sq. ft.
List Price per SF
$343-362/sf
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
under construction
2015 Total Closings
under construction
Pending Price per SF
$362/SF
975 @ the Park List Price per SF
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
Pending Price per SF
SALES PRICE
C
10/27/15
$845,000
3
F
10/30/15
$864,000
3
BEDS BATHS
UNIT SF
$/SF
3.5
2288
$369.31
3.5
2425
$356.28
$296-307/SF N/A
2015 Total Closings
CLOSED & PENDING DATES
1Q15 SOLD OUT
2013 Closed P/SF Avg
2015 Closed P/SF Avg
UNIT #
$308/SF 4 N/A
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
Ansley at Piedmont Presales are underway at Ansley at Piedmont. To date, two units are under contract, both quite spacious at 4,134 sq. ft. of living space. Average prices to date are $356/sq. ft.
UNIT #
CLOSED & PENDING DATES
SALES PRICE
7
9/30/15
$1,468,930
4
1
9/30/15
$1,473,550
4
*Not all sales data entered in FMLS
BEDS BATHS
List Price per SF
$318-319/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
under construction
UNIT SF
$/SF
4.5
4134
$355.33
2015 Total Closings
under construction
4.5
4134
$356.45
Pending Price per SF
$355/SF
DOWNTOWN NEW TOWNHOMES
Moda Reynoldstown Moda is comprised of 57 townhomes and four single-family homes. Seven townhomes have sold or are currently under contract, all 2- or 3-bedroom offerings. 2 bedroom units have 1,400 sq. ft. of living space while 3 bedroom residences have 1,900 sq. ft. Prices range from $168-$212/SF.
UNDER CONSTRUCTION List Price per SF
$167-185/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
UNIT #
CLOSED & PENDING DATES
SALES PRICE
N/A
60
7/31/15
$259,900
2
2015 Closed P/SF Avg
under construction
986
8/31/15
$319,900
2015 Total Closings
under construction
957
8/31/15
Pending Price per SF
$185/SF
995
Commons at Historic Westside TH List Price per SF 2013 Closed P/SF Avg 2013 Total Closings 2014 Closed P/SF Avg 2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings Pending Price per SF
BEDS BATHS
UNIT SF
$/SF
2.5
1400
$185.64
3
3.3
1900
$168.37
$264,900
2
2.5
1400
$189.21
10/30/15
$327,900
3
3.5
1900
$172.58
979
10/31/15
$349,900
3
3.5
1900
$184.16
56
12/27/15
$296,900
2
2.5
1400
$212.07
975
12/31/15
$357,900
3
3.5
1900
$188.37
2Q15 SOLD OUT $99-102/SF $88/SF 7 $97/SF 8 $98/SF 2 sold out
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
Sky Hill Townhomes Construction at Sky Hill is expected to finish in 2015, and the entire 12 townhome project has sold out. The final 2 homes closed in July 2015.
UNIT #
CLOSED & PENDING DATES
SALES PRICE
1
2/11/15
$599,123
3
3
2/13/15
$651,153
2
2/16/15
7 9
BEDS BATHS
2Q15 SOLD OUT
UNIT SF
$/SF
3.5
2600
$230.43
List Price per SF
sold out
3
3.5
2600
$250.44
2013 Closed P/SF Avg
N/A
$459,900
3
3.5
1769
$259.98
2013 Total Closings
N/A
3/6/15
$550,000
3
3.5
1886
$291.62
2014 Closed P/SF Avg
N/A
3/24/15
$519,000
3
3.5
1769
$293.39
2014 Total Closings
N/A
2015 Closed P/SF Avg
$278/SF
2015 Total Closings
11
Pending Price per SF
0
8
3/31/15
$615,672
3
3.5
1886
$326.44
12
5/18/15
$549,900
3
3.5
1886
$291.57
10
5/22/15
$579,900
3
3.5
1886
$307.48
11
5/29/15
$439,900
3
3.5
1769
$248.67
4
6/30/15
$525,000
3
3.5
1769
$296.78
5
7/6/15
$439,900
3
3.5
1769
$248.67
6
7/17/15
$530,000
3
3.5
1769
$299.60
*Not all sales data entered in FMLS
INTOWN NEW TOWNHOMES
Berkeley Village Although the initial phase was completed in 2009, Berkeley Village began selling again and sales have been quite active during 3Q15. Seventeen residences are scheduled to close during November 2015.
List Price per SF
$116-140/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
under construction
2014 Total Closings
N/A
2015 Closed P/SF Avg
$126/SF
2015 Total Closings
5
Pending Price per SF
$130/SF UNIT #
CLOSED & PENDING DATES
SALES PRICE
3221
1/9/15
$253,900
3
3215
2/28/15
$246,900
3211
3/17/15
3213
BEDS BATHS
UNIT SF
$/SF
3.5
2045
$124.16
3
3.5
1772
$139.33
$256,900
4
3.5
2045
$125.62
3/24/15
$246,900
4
3.5
2045
$120.73
3217
4/27/15
$246,900
4
3.5
2045
$120.73
3214
10/31/15
$249,900
4
3.5
2045
$122.20
3222
10/31/15
$259,900
3
3.5
2045
$127.09
3216
10/31/15
$246,900
4
3.5
2045
$120.73
3212
10/31/15
$249,000
3
3.5
2004
$124.25
3218
10/31/15
$249,900
3
3.5
2004
$124.70
3219
10/31/15
$273,900
3
3.5
2004
$136.68
3220
10/31/15
$249,900
4
3.5
2004
$124.70
3225
10/31/15
$279,900
3
3.5
2004
$139.67
3226
10/31/15
$279,900
3
3.5
2004
$139.67
3227
10/31/15
$259,900
4
3.5
2004
$129.69
3228
11/30/15
$269,900
3
3.5
2004
$134.68
3229
11/30/15
$259,900
3
3.5
2004
$129.69
3231
11/30/15
$259,900
3
3.5
2004
$129.69
3232
11/30/15
$269,900
3
3.5
2004
$134.68
3233
11/30/15
$259,900
4
3.5
2004
$129.69
3235
11/30/15
$279,900
3
3.5
2004
$139.67
3236
11/30/15
$269,900
4
3.5
2004
$134.68
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
Axis Townhomes Four residences have closed during the first two quarters of 2015, thanks in part to a reduction in prices at Axis bringing the average price per square foot to around $200.
UNIT #
CLOSED & PENDING DATES
SALES PRICE
1305
3/20/15
$464,900
3
1313
4/24/15
$454,900
1311
4/24/15
1315
5/27/15
BEDS BATHS
UNIT SF
$/SF
3.5
2310
$201.26
3
3.5
2310
$196.93
$454,900
3
3.5
2310
$196.93
$464,900
3
3.5
2310
$201.26
List Price per SF
$196-220/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
$198/SF
2015 Total Closings
4
Pending Price per SF
no pending sales
Highland Park The final 27 townhomes are currently being pre-sold from a reservation list, with four currently under contract - all 4 bedroom, 4.5 bathroom residences with over 3,000 sq. ft. of living space.
UNIT #
CLOSED & PENDING DATES
SALES PRICE
32A
3/16/15
$562,337
4
34
3/19/15
$553,459
4
BEDS BATHS
UNIT SF
$/SF
3.5
2430
3.5
2441
List Price per SF
N/A
$231.41
2013 Closed P/SF Avg
$197/SF
$226.73
2013 Total Closings
13 $209/SF
32
3/25/15
$578,377
4
3.5
2435
$237.53
2014 Closed P/SF Avg
36
3/31/15
$558,686
4
3.5
2445
$228.50
2014 Total Closings
13
41
4/16/15
$577,542
4
3.5
2442
$236.50
2015 Closed P/SF Avg
$236/SF
37
5/20/15
$585,248
4
3.5
2427
$241.14
2015 Total Closings
13
39
5/15/15
$578,198
4
3.5
2439
$237.06
Pending Price per SF
$227/SF
38
5/26/15
$609,589
4
3.5
2427
$251.17
819 East Ave
1/29/16
$729,900
4
4.5
3071
$237.68
823 East Ave
2/19/16
$699,90
4
4.5
3083
$227.02
825 East Ave
2/26/16
$829,900
4
4.5
3847
$215.73
821 East Ave
2/26/16
$699,900
4
4.5
3035
$230.61
*Not all sales data entered in FMLS
INTOWN NEW TOWNHOMES
Lafayette Square Sales have been brisk at Lafayette Square, and Buildings 6, 7, 8, 9 and 11 have completely sold out. To date, 16 residences have closed and an additional 10 residences are scheduled to close by year’s end.
List Price per SF
$142-146/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
$137/SF
2014 Total Closings
UNIT #
CLOSED & PENDING DATES
SALES PRICE
26
974
1/12/15
$397,524
4
2015 Closed P/SF Avg
$151/SF
968
2/26/15
$358,691
2015 Total Closings
16
971
2/27/15
Pending Price per SF
$146/SF
963
BEDS BATHS
UNIT SF
$/SF
3.5
2568
$154.80
3
3.5
2568
$139.68
$360,988
3
3.5
2568
$140.57
2/27/15
$366,845
3
3.5
2568
$142.85
961
3/3/15
$424,563
2
3.5
2568
$165.33
975
3/16/15
$381,024
4
3.5
2568
$148.37
965
3/27/15
$366,800
2
3.5
2568
$142.83
969
3/27/15
$375,067
2
3.5
2568
$146.05
967
3/30/15
$356,500
3
3.5
2568
$138.82
973
5/15/15
$378,854
2
3.5
2568
$147.53
1013
7/16/15
$380,700
2
3.5
2568
$148.25
1005
7/28/15
$424,358
2
3.5
2568
$165.25
1011
8/17/15
$372,897
3
3.5
2568
$145.21
1007
8/28/15
$385,350
3
3.5
2568
$150.06
1002
9/9/15
$424,871
3
3.5
3004
$141.44
1012
9/2/15
$424,292
3
2.5
2123
$199.85
992
10/12/15
$433,200
3
3.5
3004
$144.21
983
10/26/15
$370,900
3
3.5
2568
$144.43
979
10/29/15
$372,900
3
3.5
2568
$145.21
1015
10/29/15
$383,900
4
3.5
2568
$149.49
977
10/19/15
$389,200
3
3.5
2568
$151.56
985
11/2/15
$381,100
2
3.5
2568
$148.40
989
11/17/15
$380,900
2
3.5
2568
$148.33
981
11/18/15
$380,900
2
3.5
2568
$148.33
986
11/18/15
$409,500
4
3.5
3004
$136.32
996
12/15/15
$434,500
3
3.5
3004
$144.64
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
Linden Place As of the end of 3Q15, six residences are under contract to sell at Linden Place - all 3-bedroom, 3.5-bathroom units with a current asking price ranging from $192-217/sq. ft. UNIT #
CLOSED & PENDING DATES
SALES PRICE
6
2/24/15
$389,900
3
5
2/27/15
$396,492
8
5/15/15
$459,900
BEDS BATHS
UNIT SF
$/SF
3.5
2006
$194.37
List Price per SF
$194-199/SF
3
3.5
2006
$197.65
2013 Closed P/SF Avg
N/A
3
3.5
2366
$194.38
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
$195/SF
2015 Total Closings
9
Pending Price per SF
$198/SF
2
5/19/15
$401,750
3
3.5
2006
$200.27
9
5/22/15
$455,400
4
3.5
2366
$192.48
10
6/12/15
$449,900
4
3.5
2366
$190.15
1
6/15/15
$401,750
3
3.5
2006
$200.27
4
7/5/15
$399,900
3
3.5
2006
$199.35
11
8/31/15
$459,900
4
3.5
2366
$194.38
7
12/31/15
$437,000
3
3.5
2006
$217.85
12
12/31/15
$469,900
3
3.5
2366
$198.61
14
12/31/15
$454,900
3
3.5
2366
$192.27
15
12/31/15
$464,900
3
3.5
2366
$196.49
19
12/31/15
$454,900
3
3.5
2366
$192.27
20
12/31/15
$459,900
3
3.5
2366
$194.38
Seven Twelve Oakview UNIT #
CLOSED & PENDING DATES
SALES PRICE
714 Oakview RD
4/8/15
$590,000
5
716 Oakview RD
4/8/15
$599,000
710 Oakview RD
4/8/15
700 Oakview RD
UNIT SF
$/SF
4.5
2800
$210.71
5
4.5
2800
$213.93
$540,000
3
3.5
2400
$225.00
4/22/15
$480,000
3
3.5
2084
$230.33
704 Oakview RD
4/21/15
$448,000
3
3.5
1900
$235.79
706 Oakview RD
4/22/15
$440,000
3
3.5
1900
$231.58
702 Oakview RD
5/1/15
$470,000
3
3.5
2084
$225.53
720 Oakview RD
5/19/15
$515,000
4
3.5
2141
718 Oakview RD
5/27/15
$530,000
4
3.5
724 Oakview RD
5/28/15
$525,000
4
726 Oakview RD
6/22/15
$520,000
4
*Not all sales data entered in FMLS
BEDS BATHS
Located in Oakhurst Village, Seven Twelve Oakview contains 15 townhomes with four floor plans ranging from 3/3.5 to 5/4.5 residences with 2-car garage, rooftop decks and European interior finishes.
List Price per SF
$249-253/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
$229/SF
$240.54
2015 Total Closings
14
2400
$220.83
Pending Price per SF
no pending sales
3.5
2141
$245.21
3.5
2128
$244.36
INTOWN NEW TOWNHOMES
Virginia Park Virginia Park remains one of the more active townhome communities in Atlanta, with 20 residences sold through 3Q15 and six more slated to close during 4Q15. Prices for these 3BD/3.5BA homes range from $212-225/sq. ft.
List Price per SF
$219-229/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
$218/SF
2015 Total Closings Pending Price per SF
UNIT #
CLOSED & PENDING DATES
SALES PRICE
19
608
12/18/14
$529,900
3
$220/SF
605
1/12/15
$509,900
603
1/23/15
601
BEDS BATHS
UNIT SF
$/SF
3.5
2400
$220.79
3
3.5
2400
$212.46
$512,900
3
3.5
2400
$213.71
1/30/15
$524,900
3
3.5
2400
$218.71
606
2/27/15
$518,900
3
3.5
2400
$216.21
602
3/13/15
$519,900
3
3.5
2400
$216.63
604
3/27/15
$509,900
3
3.5
2400
$212.46
505
4/30/15
$539,900
3
3.5
2400
$224.96
502
5/15/15
$512,900
3
3.5
2400
$213.71
501
5/29/15
$524,900
3
3.5
2400
$218.71
503
5/29/15
$509,900
3
3.5
2400
$212.46
401
6/26/15
$539,900
3
3.5
2400
$224.96
404
6/30/15
$519,900
3
3.5
2400
$216.63
403
6/30/15
$524,900
3
3.5
2400
$218.71
406
7/10/15
$539,900
3
3.5
2400
$224.96
402
7/24/15
$524,900
3
3.5
2400
$218.71
405
7/28/15
$524,900
3
3.5
2400
$218.71
102
8/27/15
$524,900
3
3.5
2400
$218.71
101
8/31/15
$539,900
3
3.5
2400
$224.96
103
8/31/15
$530,900
3
3.5
2400
$221.21
301
10/23/15
$539,900
3
3.5
2400
$224.96
302
10/29/15
$515,900
3
3.5
2400
$214.96
303
10/29/15
$519,900
3
3.5
2400
$216.63
304
10/30/15
$519,900
3
3.5
2400
$216.63
110
12/18/15
$549,900
3
3.5
2400
$229.13
107
12/18/15
$529,900
3
3.5
2400
$220.79
*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.
Virginia Place Presales began in July at Virginia Place. To date, only one residence is scheduled to close during 4Q15, a 3BD/3.5 BA townhome with 2,376 sq. ft. of living space.
PRE-SELLING BEGAN 3Q15
UNIT #
CLOSED & PENDING DATES
SALES PRICE
103
10/29/15
$539,900
BEDS BATHS 3
3.5
UNIT SF
$/SF
2376
$227.23
List Price per SF
$217-239/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
under construction
2015 Total Closings
under construction
Pending Price per SF
$227/SF
Walker Park Located on Memorial Drive, Walker Park is a boutique townhome development with each residence offering 1,229 sq. ft. of living space. Ten residences closed through 3Q15 and seven more are currently under contract.
UNIT #
CLOSED & PENDING DATES
SALES PRICE
21
2/17/15
$180,000
2
20
2/26/15
$183,300
15
4/23/15
16
$146-158/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
UNIT SF
$/SF
2.5
1229
$146.46
2014 Closed P/SF Avg
N/A
2
2.5
1229
$149.15
2014 Total Closings
N/A
$184,900
2
2.5
1229
$150.45
2015 Closed P/SF Avg
$154/SF
4/15/15
$179,900
2
2.5
1229
$146.38
2015 Total Closings
10
18
5/14/15
$196,200
3
3.5
1229
$159.64
Pending Price per SF
$163/SF
17
5/29/15
$189,900
3
3.5
1229
$154.52
1
9/18/15
$192,075
2
2.5
1229
$156.29
3
9/24/15
$195,000
2
2.5
1229
$158.67
19
9/10/15
$209,900
2
2.5
1229
$170.79
2
9/30/15
$184,900
2
2.5
1229
$150.45
14
10/29/15
$204,900
3
3.5
1229
$166.72
11
11/5/15
$194,900
2
2.5
1229
$158.58
6
12/10/15
$200,000
2
2.5
1229
$162.73
13
12/10/15
$199,900
3
3.5
1229
$162.65
5
1/14/16
$194,900
2
2.5
1229
$158.58
10
2/25/16
$204,900
2
2.5
1229
$166.72
7
3/4/16
$204,900
2
2.5
1229
$166.72
*Not all sales data entered in FMLS
BEDS BATHS
List Price per SF
East Howard Place List Price per SF
UNDER CONSTRUCTION $263-296/SF
Gramercy
1Q15 SOLD OUT List Price per SF
$163/SF
2013 Closed P/SF Avg
N/A
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Closed P/SF Avg
2014 Total Closings
N/A
2014 Total Closings
2015 Closed P/SF Avg
under construction
2015 Closed P/SF Avg
2015 Total Closings
under construction
2015 Total Closings
Pending Price per SF
Hardee Station List Price per SF
$263/SF
2Q15 SOLD OUT $221/SF
Pending Price per SF
$164/SF 24 $161/SF 24 sold out
Highlands of Sandy Springs List Price per SF
sold out $143/SF
2013 Closed P/SF Avg
N/A
2013 Closed P/SF Avg
2013 Total Closings
N/A
2013 Total Closings
2014 Closed P/SF Avg 2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings Pending Price per SF
Oakview Townhomes List Price per SF
$213/SF 5 $220/SF 1 sold out
1Q15 SOLD OUT sold out
2Q15 SOLD OUT
2014 Closed P/SF Avg 2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings Pending Price per SF
Terraces at Glenridge List Price per SF
42 $147/SF 62 $160/SF 9 sold out
1Q15 SOLD OUT $176/SF
2013 Closed P/SF Avg
N/A
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg 2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings Pending Price per SF
Water Tower Stacks
$189/SF 5 $184/SF 3 sold out
COMING SOON
List Price per SF
N/A
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
under construction
2015 Total Closings
under construction
Pending Price per SF
$200/SF
2014 Closed P/SF Avg 2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings Pending Price per SF
$162/SF 49 $176/SF 2 sold out
MARIETTA NEW TOWNHOMES
The Oaks at Powers Ferry The Oaks at Powers Ferry consists of 158 townhomes offering at least 2,500 sq. ft. of living space. Four residences have sold through 3Q15 and four more are currently under contract.
UNIT #
CLOSED & PENDING DATES
SALES PRICE
BEDS BATHS
UNIT SF
$/SF
139
2/20/15
$276,900
3
2.5
2532
$109.36
135
3/20/15
$269,000
4
3.5
2532
$106.24
137
4/21/15
$277,000
3
2.5
2586
$107.12
40
7/14/15
$304,086
3
3.5
2500
$121.63
54
10/30/15
$291,900
4
3.5
2500
$116.76
62
10/30/15
$309,900
4
3.5
2500
$123.96
60
11/20/15
$292,000
4
3.5
2500
$116.80
50
2/19/16
$296,900
4
3.5
2500
$118.76
List Price per SF
$111-120/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
no info
2014 Total Closings
N/A
2015 Closed P/SF Avg
$111/SF
2015 Total Closings
15
Pending Price per SF
$119/SF
DECATUR NEW TOWNHOMES
Decatur Walk There are 11 units at Decatur Walk, a new development in Downtown Decatur. Four of these are currently under contract, and all residences offer 4 bedrooms and 4.5 bathrooms with at least 2,800 sq. ft. of living space.
UNDER CONSTRUCTION
UNIT #
CLOSED & PENDING DATES
SALES PRICE
9
10/1/15
$607,900
4
5
10/15/15
$609,900
1
11/30/15
11
1/1/16
BEDS BATHS
UNIT SF
$/SF
3.5
3100
$196.10
4
4.5
3225
$189.12
$640,000
4
4.5
3225
$198.45
$678,601
4
4.5
2800
$242.36
List Price per SF
$211-234/SF
2013 Closed P/SF Avg
N/A
2013 Total Closings
N/A
2014 Closed P/SF Avg
N/A
2014 Total Closings
N/A
2015 Closed P/SF Avg
under construction
2015 Total Closings
under construction
Pending Price per SF
$206/SF
Experience Exposure Results
atlantafinehomes.com 1555 Peachtree Street, Suite 100 | Atlanta, Georgia 30309 Buckhead Office: 404.237.5000 | North Atlanta Office: 770.442.7300 | Intown Office: 404.874.0300
©MMXV Sotheby’s International Realty Affiliates LLC. A Realogy Company. All Rights Reserved. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. All data contained herein provided courtesy of TrendGraphix and FMLS, 01/01/2015 - 09/30/2015. © 2015 Atlanta Fine Homes Sotheby’s International Realty, LLC