APRIL 2018
Kimberly’s
M A R K E T U P D AT E
Dear Friends and Neighbors, Spring is always such a wonderful season. The flowers are blooming, the kids are playing outside again and neighbors are reconnecting after hibernating inside all winter. Change is in the air, and everyone is anticipating the lazy days of summer just ahead. For those who have received my update over the last several years, you may notice that we are welcoming some new neighbors this time. In addition to the neighborhoods covered by Crabapple Crossing Elementary, which have always appeared in the update, this quarter, we have added neighborhoods zoned for Summit Hill Elementary as well, but only those neighborhoods that are also zoned for Northwestern Middle and Milton High School. I know that some of you will say that it is about time because I have had numerous requests to broaden the area covered by the updates. I agree with you. I strongly believe that the change will make the update even more relevant to those following today’s ever-changing real estate market in our area and how those changes may affect the value of our homes, which is the ultimate goal of the update.
KIMBERLY COUNTER REALTOR® Atlanta Fine Homes Sotheby’s International Realty 1125 Sanctuary Parkway Suite 400 Alpharetta, Georgia 30009 c. 678.938.5885 o. 770.442.7300
For those throughout our newly expanded area, I encourage you to review the sales that are shown on page two of this quarter’s update. You will see that there were 48 homes sold last quarter in our immediate area. In addition to the closed sales, another 38 homes were under contract and listed as pending or contingent. On average, homes sold for almost 98 percent of their listed price. This often overlooked, but important statistic, is a good indicator of a healthy market. However, we must temper our optimism with the probability that there will be an uptick in the number of listings for sale over the coming months. This anticipated increase in inventory of available properties might bring with it some negative pressure on pricing. I suggest that we remain cautious, yet hopeful, for a good spring. The winter weather seemed to have no effect on the number of homes being offered for sale, with 94 homes remaining available at the end of the first quarter. Prices ranged from $324,900 to $2,700,000 with homes varying in size from 1,800+/- square feet of living area to 13,000+/- square feet. The size of a home did not automatically dictate its price, however. This variance in price versus square footage is typical in our neighborhoods and becomes even more evident when we examine the current listings where we found 3,000+/- square foot homes available in the $400,000 price range as well in the $700,000+ price range. Square footage is important, but I think we need to also examine other important factors that affect pricing. When pricing a home, I encourage home owners to evaluate their home’s ACL and compare it to that of others on the market. If you find this statement confusing, I understand. As a REALTOR®, I use ACL as an acronym for the three main factors, other than size, that dictate pricing and determine value – amenities, condition and location. Unlike the ligament in the knee of the same name, a thorough examination of a home’s ACL will not lead to surgery but should result in accurate pricing and a faster sale. As a REALTOR®, I help my sellers evaluate their home thoroughly. Issues regarding its condition are addressed immediately, and appropriate measures are recommended to resolve problems. Only then do we move on to the next step. When the marketing phase begins, my sellers expect me to work diligently to make sure that their home is not just competitive but stands out. We are not interested in the home being part of the chorus. We want it to be the star. Together, I work with my sellers to make sure that every home buyer viewing their property knows immediately that it is truly perfect for them, and therefore should not be passed up. I always have my sellers ultimate goal in mind - an easy sale at the best possible price in the shortest possible time. I hope that you enjoy this year’s First Quarter Market Update and find it helpful. I certainly enjoyed preparing it for you. As one of your neighbors, with three boys attending our schools, I understand how blessed we are to live in such a great area and work hard to make sure that you are kept informed about the market. If you need any additional information on any of the material presented, or if I can help you in any other way, please do not hesitate to call or text me at 678.938.5885 at any time. It would be my pleasure to assist you.
Sincerely,Kimmy “Giving frees us from the familiar territory of our own needs by opening our mind to the unexplained worlds occupied by the needs of others.” - Barbara Bush
SOLD IN
FIRST QUARTER 2018
Crabapple Crossing, Summit Hill, Northwestern and Milton High School District ADDRESS
SUBDIVISION
LIST PRICE
SOLD PRICE
SQ. FEET (+/-)
PRICE/ SQ. FT.
CLOSING
13432 Hipworth Road
Lake Haven
$1,450,000
$1,450,000
8395
$173
03/05/18
603 Congaree Court
Lake Haven
$1,149,000
$1,100,000
6185
$178
03/30/18
220 Spring Falls Road
None
$1,100,000
$1,090,000
3455
$315
03/30/18
13483 Hipworth Road
Lake Haven
$1,100,000
$1,050,000
5113
$205
03/30/18
175 Old Cedar Lane
Six Hills
$1,029,900
$980,000
8596
$114
02/22/18
310 Lake Bend Court
Providence at Atlanta National
$974,900
$900,000
9073
$99
02/23/18
135 Milestone Trail
Woodwinds at New Providence
$900,000
$852,700
3900
$219
03/09/18
1385 Rumson Lane
Rumson Point
$829,900
$822,500
4460
$180
03/30/18
160 Milestone Trail
Woodwinds at New Providence
$810,487
$810,487
3586
$226
03/16/18 01/02/18
595 Dorris Road
None
$799,000
$784,500
6243
$126
825 Ebenezer Road
None
$799,000
$700,000
3613
$194
02/19/18
725 Stuart Court
Stuart Park
$790,000
$782,500
6561
$119
03/23/18
100 Bay Colt Road
Trotters Ridge
$675,000
$665,000
4073
$163
03/01/18
12310 Charlotte Drive
Emerson Hall
$664,900
$650,000
4923
$132
01/26/18
1375 Brandywine Trail
Ruth's Farm
$659,900
$647,644
3088
$210
03/30/18
12564 Dunbrody Avenue
Crabapple Station
$649,900
$650,000
4610
$141
03/26/18
691 Arklow Drive
Crabapple Station
$649,900
$650,000
3937
$165
02/22/18
657 Dunbrody Drive
Crabapple Station
$639,900
$640,000
4423
$145
03/30/18
12325 Pearson Court
Emerson Hall
$639,900
$629,000
4249
$148
01/24/18
672 Dunbrody Drive
Crabapple Station
$617,900
$614,000
3728
$165
01/16/18
205 Buckland Run
Providence Lake
$599,000
$605,000
3554
$170
02/21/18
785 Lake Mist Cove
Providence at Atlanta National
$579,900
$560,000
4012
$140
02/20/18
60 Gladwyne Ridge Drive
Gladwyne
$575,000
$554,000
4562
$121
02/21/18
688 Dunbrody Drive
Crabapple Station
$559,000
$550,000
3400
$162
03/01/18
1150 Bascomb Farm Drive
Danbury Park
$525,000
$540,000
3836
$141
03/29/18
1135 Marka Lane
Charlotte Estates
$520,000
$474,500
4112
$115
01/26/18
12697 Lecoma Trace
Crabapple Crossroads
$499,000
$485,000
N/A
N/A
03/29/18
3070 Birchdale Drive
Oakmont at Crabapple
$484,900
$464,700
3136
$148
03/16/18
1025 Chantilly Drive
Crabapple On Mayfield
$480,000
$475,000
3098
$153
02/13/18
2160 Knightsbridge Way
Westminster At Crabapple
$475,900
$475,900
2452
$194
02/27/18
1960 Heritage Walk
Crabapple Crossroads
$469,900
$460,000
2794
$165
02/21/18
1065 Colgan Court
Brandl Estates
$469,000
$460,000
3558
$129
03/15/18
12597 Crabapple Road
Parkview at Crabapple
$458,000
$450,000
2839
$159
02/07/18
12494 Broadwell Road
Crabapple Crossing
$450,000
$442,000
3046
$145
03/09/18
370 Springwell Lane
Waterside
$450,000
$441,500
4240
$104
03/01/18
12545 Danesfeld Drive
Crabapple Crossing
$450,000
$420,000
2494
$168
01/25/18
12055 N Hickory Trace
Hickory Ridge
$426,000
$426,000
2718
$157
02/23/18
335 Hughes Branch Close
Crabapple Chase
$420,000
$460,000
3200
$144
03/27/18
13250 Bethany Road
None
$419,900
$419,900
N/A
N/A
03/23/18
12170 Brookmill Point
Selbridge Mill
$415,000
$404,000
3351
$121
02/09/18
988 Knoll Crest Court
North Farm
$414,000
$407,000
3183
$128
03/28/18
530 Carybell Lane
North Farm
$414,000
$390,500
3480
$112
02/02/18
735 Lewiston Court
North Farm
$409,000
$395,000
2915
$136
03/22/18
115 Cannonade Drive
North Farm
$404,000
$388,000
2860
$136
02/23/18
210 Kinderhill Court
North Farm
$398,000
$382,000
2649
$144
01/31/18
1040 Creekwalk Drive
Seasons At Creek
$385,000
$386,000
3401
$114
02/14/18
580 Arbor North Way
Arbor North
$379,900
$380,000
2286
$166
03/22/18
460 Sherman Oaks Way
Crabapple Chase
$359,000
$359,000
2589
$139
01/11/18
All of the listing and sales information provided in this update is taken from First Multiple Listing Service (FMLS), the premier MLS system in our area. Other properties may have been marketed within the neighborhood but will not be included if they did not appear in FMLS. Every attempt has been made to insure the reliability of all data. Although our sources are deemed reliable, we are not responsible for any errors that inadvertently appear within the information presented. Kimberly did not represent all of the transactions.
2017
R E M A R K A B L E R E S U LT S
WOULD YOU LIKE YOUR HOME ON THIS LIST? LET’S WORK TOGETHER TO FEATURE YOUR HOME AS ONE OF THE 2018 REMARKABLE RESULTS
CUMM I N G
MILTO N
1590 BERRYHILL ROAD*
2795 WEBB ROAD*
CUM M IN G
MI LTON
ROSWEL L
7130 CORDERY ROAD 1520 PARKSIDE DRIVE* 385 CAMBER TRACE
CUMMI NG
MILTON
6895 BUCKS ROAD
2010 PARKSIDE COURT
2 +/- Acres ALP HA RETTA
M ILTO N
CUMMI NG
MI LTON
GAI NESVI L L E
MILTON
12200 MCCOY WAY
2050 PARKSIDE COURT
7450 SAMPLES FIELD ROAD
540 PARKVIEW DRIVE
7415 WHITTAKER LANE*
520 PARKVIEW DRIVE
AVA LO N
ALPH ARE TTA
BUCKHEAD
MI LTON
CUMMI NG
MILTON
144 GRAND CRESCENT*
1035 CRABAPPLE TRACE 3190 FERNCLIFF COMMONS*
ROSW EL L
M ILTO N
2302 VILLAGE LANE*
505 PARKVIEW DRIVE
BUFOR D 6595 RIVER ISLAND DRIVE*
525 PARKVIEW DRIVE
4755 ALEXANDRIA AVENUE* 12601 CRABAPPLE ROAD
MI LTON
AL PHAR ET TA
MILTON
560 PARKVIEW DRIVE
315 WAKEFIELD TRACE*
500 PARKVIEW DRIVE
AT L A N TA F I N E H O M ES.C O M | S I R .C O M ©MMXVII Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Each Office Is Independently Owned And Operated. Equal Housing Opportunity. *Artwork by Alfred Sisley used with permission. *Represented the buyer.
Kimberly’s M A R K E T U P D AT E APRIL 2018
KIMBERLY COUNTER REALTOR® c. 678.938.5885 o. 770.442.7300 kimberlycounter@atlantafinehomes.com 1125 Sanctuary Parkway, Suite 400, Alpharetta, Georgia 30009
©MMXVII Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Each Office Is Independently Owned And Operated. Equal Housing Opportunity. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.