MARKET INTELLIGENCE 2 0 1 9
Q 3
AT L A N T A ,
G E O R G I A
ENGEL & VÖLKERS ATLANTA
A WORD FROM US
Similar to the first half of 2019, the Atlanta real estate market continues to display robust market conditions with supply levels remaining below stable market conditions in most price points as we are still in need of more supply to meet demand. Inside this report you will find data for the condominium, townhome and single family home markets of areas within Cobb, Dekalb and Fulton counties. We continue to be in a seller’s market with some properties selling quickly and with multiple offers. Inventory is still needed for the market segment of $500k and under. The middle tier market which includes $500,000 to $1 million is a normalized market averaging 6 months of supply translating to a 6 month time period to sell all of the homes in this price tier. The luxury market is a buyer’s or seller’s market based on the particular area or city. Economic conditions in Atlanta remain positive with a steady influx of people and companies relocating to the area with continued job growth and historically low interest rates for financing. Please let us know how we can provide a more in depth understanding of your individual community.
Single Family Homes Inside the Perimeter
01
Outside the Perimeter
17
Condominiums
Inside the Perimeter
28
Outside the Perimeter
33
Townhomes
Inside the Perimeter
36
Outside the Perimeter
42
S I N G L E FA M I LY H O M E S
INSIDE THE PERIMETER
1
Single Family Homes
Inside the Perimeter
ANSLEY PARK / SHERWOOD FOREST HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
9.6
$933,900
6
$
58
9.6
BROOKHAVEN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
177
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
2
3.1
$592,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
36
BROOKWOOD HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
5.7
$1,220,000
9
$
78
9.6
BUCKHEAD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
249
6.3
$810,625 $
65
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
3
Single Family Homes
Inside the Perimeter
CABBAGETOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.6
$585,250
6
$
38
9.6
CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
45
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
4
2.4
$375,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
40
CHASTAIN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.8
$955,000
23
$
COLLEGE PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
59
9.6
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
63
2.7
$189,995 $
42
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
5
Single Family Homes
Inside the Perimeter
COLLIER HILLS/ ARDMORE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.5
$652,744
16
$
60
9.6
DECATUR HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
254
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
6
3.7
$256,750
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
36
DRUID HILLS / EMORY HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
4.5
$730,000
28
$
EAST ATLANTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
39
9.6
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
71
3.3
$380,000 $
36
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
7
Single Family Homes
Inside the Perimeter
EAST LAKE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
5.3
$282,500
88
$
54
9.6
EAST POINT HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
108
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
8
3.6
$170,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
36
EDGEWOOD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
4.1
$354,950
20
$
44
9.6
GARDEN HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
14
4.1
$812,500 $
61
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
9
Single Family Homes
Inside the Perimeter
GRANT PARK / GLENWOOD PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.2
$441,950
44
$
35
9.6
HAPEVILLE / THOMASVILLE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
16
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
10
2.9
$197,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
28
INMAN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
$1,001,000
7
3.8
$
17
9.6
KIRKWOOD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
43
2.8
$445,000 $
38
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
11
Single Family Homes
Inside the Perimeter
LAKE CLAIRE / LITTLE FIVE POINTS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.4
$689,900
25
$
30
9.6
OAKHURST HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
14
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
12
3.9
$510,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
23
OLD FOURTH WARD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.8
$586,000
11
20
$
9.6
ORMEWOOD PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
19
2.3
$430,000 $
30
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
13
Single Family Homes
Inside the Perimeter
PEACHTREE HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
4.1
$625,000
23
$
24
9.6
REYNOLDSTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
14
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
14
2.7
$500,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
22
VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
7.0
$750,000
22
$
108
9.6
VIRGINIA HIGHLANDS / MORNINGSIDE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
100
3.1
$798,000 $
42
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
15
Single Family Homes
Inside the Perimeter
WEST END / CAPITOL VIEW HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
4.4
$231,000
183
46
$
9.6
WEST MIDTOWN / UNDERWOOD HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
104
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
16
3.6
$388,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
33
S I N G L E FA M I LY H O M E S
OUTSIDE THE PERIMETER
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
17
Single Family Homes
Outside the Perimeter
ACWORTH HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.5
$268,990
481
$
33
9.6
ALPHARETTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
488
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
18
4.0
$435,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
45
CHATTAHOOCHEE HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
9.8
$610,000
9
$
62
9.6
CUMMING HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
936
3.4
$355,000 $
50
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
19
Single Family Homes
Outside the Perimeter
DULUTH HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.3
$309,000
229
$
38
9.6
DUNWOODY HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
92
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
20
3.0
$485,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
48
EAST COBB HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.9
$417,000
352
$
42
9.6
JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
187
5.1
$465,000 $
47
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
21
Single Family Homes
Outside the Perimeter
KENNESAW HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.1
$265,000
345
$
30
9.6
MABLETON HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
162
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
22
2.8
$275,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
39
MARIETTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.9
$321,000
1151
$
38
9.6
MILTON HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
135
6.5
$697,500 $
59
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
23
Single Family Homes
Outside the Perimeter
NORCROSS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.8
$217,500
93
$
25
9.6
PEACHTREE CITY HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
25
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
24
3.4
$391,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
88
PEACHTREE CORNERS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.2
$400,000
70
$
50
9.6
ROSWELL HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
394
3.4
$427,350 $
39
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
25
Single Family Homes
Outside the Perimeter
SANDY SPRINGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
5.4
$611,500
138
$
61
9.6
SMYRNA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
326
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
26
2.9
$373,250
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
35
SUWANNEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.9
$368,500
320
$
47
9.6
WOODSTOCK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
492
2.3
$300,000 $
42
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
27
CONDOMINIUMS
INSIDE THE PERIMETER
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
28
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
Condominiums
Inside the Perimeter
BROOKHAVEN / CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
4.4
$230,000
39
$
49
9.6
BUCKHEAD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
279
4.1
$246,750 $
47
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
29
Condominiums
Inside the Perimeter
DECATUR / EMORY / DRUID HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.6
$195,500
71
$
29
9.6
DOWNTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
46
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
30
4.5
$210,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
43
INMAN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.8
$282,000
8
$
32
9.6
MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
184
3.5
$302,250 $
36
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
31
Condominiums
Inside the Perimeter
OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.1
$278,350
38
$
39
9.6
WEST MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
74
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
32
4.7
$236,250
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
36
CONDOMINIUMS
OUTSIDE THE PERIMETER
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
33
Condominiums
Outside the Perimeter
MARIETTA / SMYNRA / VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.0
$179,000
191
$
29
9.6
ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
68
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
34
2.1
$197,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
38
SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
116
2.6
$169,000 $
43
9.6
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
35
TOWNHOMES
INSIDE THE PERIMETER
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
36
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
Townhomes
Inside the Perimeter
BROOKHAVEN / CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
4.9
$452,500
82
$
64
9.6
BUCKHEAD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
97
4.8
$470,000 $
55
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
37
Townhomes
Inside the Perimeter
DECATUR / EMORY / DRUID HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
4.6
$331,854
112
$
31
9.6
DOWNTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
38
4.9
$220,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
2
EAST ATLANTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.9
$506,500
7
$
23
9.6
INMAN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
7
2.7
$795,000 $
43
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
39
Townhomes
Inside the Perimeter
MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.1
$340,000
5
10
$
9.6
OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
16
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
40
4.6
$771,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
$
25
WEST MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
52
3.8
$327,500 $
60
9.6
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
41
TOWNHOMES
OUTSIDE THE PERIMETER
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
42
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
Townhomes
Outside the Perimeter
MARIETTA / SMYNRA / VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.2
$250,000
512
$
39
9.6
ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
265
2.8
$329,900 $
48
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
43
Townhomes
Outside the Perimeter
SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
164
3.1
$288,700 $
9.6
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
44
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9
41
Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS
45
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Source: 01/01/2019 – 10/11/2019 provided via InfoSparks by FMLS © 2019 Engel & Völkers. All rights reserved. Each brokerage is independently owned and operated. All information is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.
46
AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 1 9