MARKET
SNAPSHOT
2 0 2 1
Q 1
AT L A N T A ,
Kristin Pollock • Engel & Völkers Atlanta 1745 Peachtree St • Atlanta • GA 30309 Office +1 404-845-7724 • Mobile +1 404-946-1770 Source: 1/1/2021 – 3/31/2020 provided by FMLS kristin.pollock@evatlanta.com kristinpollock.evatlanta.com
G E O R G I A
ENGEL & VÖLKERS ATLANTA KRISTIN POLLOCK i
Source: 1/1/2021 – 3/31/2020 provided by FMLS
ii
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
A WORD FROM US
As we look back on the first quarter of a brand new year – a year of economic recovery following one severely impacted by a global pandemic and a contentious election – it is important to understand the impact these challenges had and still continue to have on the Atlanta real estate market. On the following pages of this report, you will find a cohesive set of data points which help showcase current market conditions in the condominium, townhome, and single-family home markets of areas and neighborhoods within metro-Atlanta. Overall, the first quarter of 2021 has shown a continuing drop in supply levels for single family homes and townhomes, and for the first time since 1Q20, a drop in condominium supply. However, supply levels for higher priced homes can range widely from 2-18 months. The effects of this dwindling supply of homes has resulted, in most segments, in continued price increases. We hope the information within the following pages will provide clarity and confidence in this time of change and uncertainty. We appreciate you looking through this report and hope you harness and spread the word on the insight provided within.
Source: 1/1/2021 – 3/31/2020 provided by FMLS
iii
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
Source: 1/1/2021 – 3/31/2020 provided by FMLS
iv
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
S I N G L E FA M I LY H O M E S
INSIDE THE PERIMETER
Source: 1/1/2021 – 3/31/2020 provided by FMLS
1
Single Family Homes
Inside the Perimeter
ANSLEY PARK / SHERWOOD FOREST HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
$1,650,000
7
3.5
$
60
9.6
BROOKHAVEN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
155 Source: 1/1/2021 – 3/31/2020 provided by FMLS
2
1.7
$720,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
12
BROOKWOOD HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
$1,435,000
3
1.7
$
87
9.6
BUCKHEAD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
284
3
$920,000 $
21
Source: 1/1/2021 – 3/31/2020 provided by FMLS
3
Single Family Homes
Inside the Perimeter
CABBAGETOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.6
$470,000
5
$
16
9.6
CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
50 Source: 1/1/2021 – 3/31/2020 provided by FMLS
4
1
$384,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
9
CHASTAIN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.3
$1,202,500
20
$
COLLEGE PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
8
9.6
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
16
1.8
$331,450 $
11
Source: 1/1/2021 – 3/31/2020 provided 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
$
1.3
$683,500
15
$
13
9.6
DECATUR HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
57 Source: 1/1/2021 – 3/31/2020 provided by FMLS
6
1.1
$581,250
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
11
DRUID HILLS / EMORY HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.6
$740,000
26
$
EAST ATLANTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
14
9.6
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
35
0.8
$410,629 $
4
Source: 1/1/2021 – 3/31/2020 provided by FMLS
7
Single Family Homes
Inside the Perimeter
EAST LAKE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1
$531,500
18
$
18
9.6
EAST POINT HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
66 Source: 1/1/2021 – 3/31/2020 provided by FMLS
8
1.2
$213,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
18
EDGEWOOD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.2
$510,000
21
$
11
9.6
GARDEN HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
11
2.6
$790,000 $
72
Source: 1/1/2021 – 3/31/2020 provided 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
$
0.9
$510,000
41
$
4
9.6
HAPEVILLE / THOMASVILLE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
16 Source: 1/1/2021 – 3/31/2020 provided by FMLS
10
1.5
$206,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
28
INMAN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.9
$750,000
7
$
10
9.6
KIRKWOOD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
18
0.6
$545,000 $
6
Source: 1/1/2021 – 3/31/2020 provided 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
$
0.9
$685,000
17
$
5
9.6
OAKHURST HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
12 Source: 1/1/2021 – 3/31/2020 provided by FMLS
12
0.8
$549,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
12
OLD FOURTH WARD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.5
$650,000
8
26
$
9.6
ORMEWOOD PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
20
1.3
$480,000 $
5
Source: 1/1/2021 – 3/31/2020 provided by FMLS
13
Single Family Homes
Inside the Perimeter
PEACHTREE HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.8
$620,000
16
$
4
9.6
REYNOLDSTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
8 Source: 1/1/2021 – 3/31/2020 provided by FMLS
14
0.6
$545,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
9
VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.8
$725,000
28
$
30
9.6
VIRGINIA HIGHLANDS / MORNINGSIDE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
52
1.8
$1,000,000 $
19
Source: 1/1/2021 – 3/31/2020 provided 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
$
1.9
$280,000
162
18
$
9.6
WEST MIDTOWN / UNDERWOOD HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
116 Source: 1/1/2021 – 3/31/2020 provided by FMLS
16
1.2
$470,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
12
S I N G L E FA M I LY H O M E S
OUTSIDE THE PERIMETER
Source: 1/1/2021 – 3/31/2020 provided by FMLS
17
Single Family Homes
Outside the Perimeter
ACWORTH HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.8
$307,500
359
$
6
9.6
ALPHARETTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
376 Source: 1/1/2021 – 3/31/2020 provided by FMLS
18
0.9
$526,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
7
CHATTAHOOCHEE HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3
$637,250
12
$
14
9.6
CUMMING HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
666
0.7
$408,000 $
6
Source: 1/1/2021 – 3/31/2020 provided by FMLS
19
Single Family Homes
Outside the Perimeter
DULUTH HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.9
$380,000
189
$
6
9.6
DUNWOODY HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
69 Source: 1/1/2021 – 3/31/2020 provided by FMLS
20
1.1
$550,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
4
EAST COBB HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.9
$395,000
701
$
7
9.6
JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
138
0.8
$615,000 $
6
Source: 1/1/2021 – 3/31/2020 provided by FMLS
21
Single Family Homes
Outside the Perimeter
KENNESAW HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.6
$320,000
218
$
4
9.6
MABLETON HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
114 Source: 1/1/2021 – 3/31/2020 provided by FMLS
22
0.6
$328,213
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
5
MARIETTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1
$375,000
994
$
8
9.6
MILTON HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
81
1.7
$805,000 $
9
Source: 1/1/2021 – 3/31/2020 provided by FMLS
23
Single Family Homes
Outside the Perimeter
NORCROSS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.6
$255,000
61
$
10
9.6
PEACHTREE CITY HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
25 Source: 1/1/2021 – 3/31/2020 provided by FMLS
24
1.8
$394,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
11
PEACHTREE CORNERS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.7
$455,000
54
$
6
9.6
ROSWELL HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
284
0.8
$506,000 $
7
Source: 1/1/2021 – 3/31/2020 provided by FMLS
25
Single Family Homes
Outside the Perimeter
SANDY SPRINGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.7
$662,500
148
$
12
9.6
SMYRNA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
289 Source: 1/1/2021 – 3/31/2020 provided by FMLS
26
0.8
$425,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
10
SUWANNEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.6
$443,905
204
$
7
9.6
WOODSTOCK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
356
0.7
$336,625 $
4
Source: 1/1/2021 – 3/31/2020 provided by FMLS
27
CONDOMINIUMS
INSIDE THE PERIMETER
Source: 1/1/2021 – 3/31/2020 provided 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 | 1 Q 2 1
Condominiums
Inside the Perimeter
BROOKHAVEN / CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.6
$219,000
60
$
43
9.6
BUCKHEAD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
310
4.2
$250,000 $
40
Source: 1/1/2021 – 3/31/2020 provided by FMLS
29
Condominiums
Inside the Perimeter
DECATUR / EMORY / DRUID HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.4
$209,000
59
$
12
9.6
DOWNTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
67 Source: 1/1/2021 – 3/31/2020 provided by FMLS
30
4.1
$257,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
53
INMAN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.6
$422,500
18
$
5
9.6
MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
197
3.6
$297,000 $
33
Source: 1/1/2021 – 3/31/2020 provided 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
$
2.3
$273,375
44
$
21
9.6
WEST MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
77 Source: 1/1/2021 – 3/31/2020 provided by FMLS
32
3.4
$245,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
39
CONDOMINIUMS
OUTSIDE THE PERIMETER
Source: 1/1/2021 – 3/31/2020 provided by FMLS
33
Condominiums
Outside the Perimeter
MARIETTA / SMYNRA / VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.9
$209,500
126
$
11
9.6
ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
39 Source: 1/1/2021 – 3/31/2020 provided by FMLS
34
1.2
$254,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
6
SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.4
$183,450
160
$
25
9.6
CUMMING HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
20
0.7
$375,000 $
13
Source: 1/1/2021 – 3/31/2020 provided by FMLS
35
TOWNHOMES
INSIDE THE PERIMETER
Source: 1/1/2021 – 3/31/2020 provided 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 | 1 Q 2 1
Townhomes
Inside the Perimeter
BROOKHAVEN / CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.1
$499,900
127
$
42
9.6
BUCKHEAD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
120
2.7
$446,500 $
34
Source: 1/1/2021 – 3/31/2020 provided by FMLS
37
Townhomes
Inside the Perimeter
DECATUR / EMORY / DRUID HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2
$415,500
31
$
17
9.6
DOWNTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
4 Source: 1/1/2021 – 3/31/2020 provided by FMLS
38
1
$507,005
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
137
EAST ATLANTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
4.6
$549,900
3
$
35
9.6
INMAN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
10
1.5
$637,750 $
9
Source: 1/1/2021 – 3/31/2020 provided by FMLS
39
Townhomes
Inside the Perimeter
MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.5
$450,000
5
$
4.3
9.6
OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
25 Source: 1/1/2021 – 3/31/2020 provided by FMLS
40
3
$800,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
38
WEST MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
78
1.8
$366,700 $
15
9.6
Source: 1/1/2021 – 3/31/2020 provided by FMLS
41
TOWNHOMES
OUTSIDE THE PERIMETER
Source: 1/1/2021 – 3/31/2020 provided 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 | 1 Q 2 1
Townhomes
Outside the Perimeter
MARIETTA / SMYNRA / VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1
$320,395
234
$
11
9.6
ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
182
1
$417,390 $
10
Source: 1/1/2021 – 3/31/2020 provided by FMLS
43
Townhomes
Outside the Perimeter
SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.1
$349,000
169
$
19
9.6
CUMMING HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
49 Source: 1/1/2021 – 3/31/2020 provided by FMLS
44
0.5
$280,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 1
$
5
www.evatlanta.com 1745 Peachtree Street, Atlanta, GA 30309, USA | 404.845.7724
Source: 1/1/2021 – 3/31/2020 provided by FMLS © 2021 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.
45