MARKET SNAPSHOT 2 0 2 0
Q 2
AT L A N T A ,
G E O R G I A
ENGEL & VÖLKERS ATLANTA Source: 4/1/2020 – 6/31/2020 provided by FMLS
1
FMLS The Impact Area of 21COVID-19 The World Health Organization officially declared coronavirus a pandemic on March 11, 2020. As of July 1, it’s infected over 14 million worldwide and 3.5 million in the U.S. This has taken a toll on the U.S. economy and spiked unemployment to 12%. Even so, the economy is showing early signs of recovery. While many unknown factors still cloud predictions on the economic future, the housing market in Atlanta, continues to show signs of healthy growth. Inventory is still low, and demand continues to increase. Given these extraordinary times, Engel & Völkers Atlanta is taking an exceptionally close look at the Atlanta real estate market to better understand and anticipate market conditions.
Interest Rates Plus New Pending Sales. Closings and Permits - 3 Month Moving Average Atlanta Interest Rates New Pending Sales Trend New Closings Trend Permit Trend
*Source: MarketNSight
January 1 - July 14 WeeklyAtlanta New Pending Sales New Pending Sales 2019 New Pending Sales 2020 with Lag New Pending Sales 2020 Forecast
*Source: MarketNSight
Source: 4/1/2020 – 6/31/2020 provided by FMLS
2
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
Weekly Covid-19 Cases and Pending Sales YTY % Change Atlanta Covid-19 Weekly Cases New Pending Sales with Lag New Pending Sales Forecast
*Source: MarketNSight
Given the data above, alongside the analysis of industry experts, such as John Hunt of MarketNSight, Robert Dietz, the NAHB Chief Economist, and Georgia State University’s Chief Economist Dr. Rajeev Dhawan, here are some key takeaways: • It’s obvious that the desire for people to own a home in Atlanta is still very strong and getting stronger. • Underlying strength of the Atlanta real estate market coupled with ultra-low interest rates means a quick recovery should another shut down occur. • We will see housing retake its traditional role of leading the country out of this recession in the fourth quarter of this year.
Source: 4/1/2020 – 6/31/2020 provided by FMLS
3
FMLS The Impact Area of 21COVID-19
H O W P R E V I O U S R E C E S S I O N S H AV E I M PA C T E D H O U S I N G
6.1%
1980
Source: 4/1/2020 – 6/31/2020 provided by FMLS
4
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
As we move through the next few weeks and months, it will be important to remember that, as the data shows, there is still a supply and demand issue. Industry expert and NAHB Chief Economist, Robert Dietz, says it best- “The housing sector enters this recession underbuilt rather than overbuilt. That means as the economy rebounds — which it will at some stage — housing is set to help lead the way out.” While we continue to monitor data across the Atlanta real estate market, the effects of COVID-19 cannot fully be seen yet. The end of quarter two reflects only the early stages the pandemic’s impact; a more fully-formed picture will appear as we move through the third quarter. We’ll be releasing another detailed report at the end of the third quarter, make sure you’re signed up to receive it by clicking below.
SIGN UP FOR THE Q3 REPORT
Source: 4/1/2020 – 6/31/2020 provided by FMLS
5
Source: 4/1/2020 – 6/31/2020 provided by FMLS
6
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
A WORD FROM US
As the economy in Georgia continues to come back to life and the city continues to grapple with the effects of the pandemic, we continue to monitor data each day in an effort to keep our clients and company informed on the state of the 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 second quarter of 2020 has shown little change in supply levels for townhomes and condos, while the single-family home supply levels continue to decrease. As expected, overall supply levels remain well below stable market conditions, which translates to a 3-month timeline to sell all of the homes on the market. However, supply levels for higher priced homes can range widely from 2-20 months. Economic conditions in Atlanta, like the explosive job growth and population boom, have helped this amazing city thrive in an expansionary time. However, with the COVID-19 pandemic and economic fallout surrounding it, there are many questions about the Atlanta real estate market. Like many other cities, Atlanta has experienced a sharp rise in unemployment. While many furloughed workers have been and will continue to return to work, there are many jobs that are permanently lost. Given current home inventory levels and sales data, this will have a minimal impact on the Atlanta real estate market. 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: 4/1/2020 – 6/31/2020 provided by FMLS
7
Single Family Homes Inside the Perimeter
09
Outside the Perimeter
25
Condominiums
Inside the Perimeter
36
Outside the Perimeter
41
Townhomes
Inside the Perimeter
44
Outside the Perimeter
50
Source: 4/1/2020 – 6/31/2020 provided by FMLS
8
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
S I N G L E FA M I LY H O M E S
INSIDE THE PERIMETER
Source: 4/1/2020 – 6/31/2020 provided by FMLS
9
Single Family Homes
Inside the Perimeter
ANSLEY PARK / SHERWOOD FOREST HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
$1,100,000
11
7.2
$
88
9.6
BROOKHAVEN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
176 Source: 4/1/2020 – 6/31/2020 provided by FMLS
10
3.0
$639,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
11
BROOKWOOD HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
4.3
$786,200
3
$
52
9.6
BUCKHEAD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
269
5.8
$925,000 $
20
Source: 4/1/2020 – 6/31/2020 provided by FMLS
11
Single Family Homes
Inside the Perimeter
CABBAGETOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.6
$625,000
5
$
40
9.6
CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
40 Source: 4/1/2020 – 6/31/2020 provided by FMLS
12
2.0
$356,250
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
10
CHASTAIN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
6.3
$951,500
19
$
COLLEGE PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
49
9.6
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
15
4.5
$354,900 $
15
Source: 4/1/2020 – 6/31/2020 provided by FMLS
13
Single Family Homes
Inside the Perimeter
COLLIER HILLS/ ARDMORE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.5
$750,000
11
$
11
9.6
DECATUR HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
71 Source: 4/1/2020 – 6/31/2020 provided by FMLS
14
3.0
$579,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
13
DRUID HILLS / EMORY HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
5.0
$720,000
29
$
EAST ATLANTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
18
9.6
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
38
1.4
$436,750 $
11
Source: 4/1/2020 – 6/31/2020 provided by FMLS
15
Single Family Homes
Inside the Perimeter
EAST LAKE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.6
$557,760
23
$
17
9.6
EAST POINT HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
46 Source: 4/1/2020 – 6/31/2020 provided by FMLS
16
3.2
$185,250
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
21
EDGEWOOD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.6
$430,000
33
$
13
9.6
GARDEN HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
11
5.0
$813,500 $
26
Source: 4/1/2020 – 6/31/2020 provided by FMLS
17
Single Family Homes
Inside the Perimeter
GRANT PARK / GLENWOOD PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.6
$478,500
32
$
10
9.6
HAPEVILLE / THOMASVILLE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
17 Source: 4/1/2020 – 6/31/2020 provided by FMLS
18
3.9
$229,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
13
INMAN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.9
$700,000
3
$
6
9.6
KIRKWOOD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
57
2.0
$510,000 $
8
Source: 4/1/2020 – 6/31/2020 provided by FMLS
19
Single Family Homes
Inside the Perimeter
LAKE CLAIRE / LITTLE FIVE POINTS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.1
$679,500
21
$
4
9.6
OAKHURST HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
18 Source: 4/1/2020 – 6/31/2020 provided by FMLS
20
1.9
$589,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
6
OLD FOURTH WARD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
4.4
$497,350
14
20
$
9.6
ORMEWOOD PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
17
1.4
$455,000 $
4
Source: 4/1/2020 – 6/31/2020 provided by FMLS
21
Single Family Homes
Inside the Perimeter
PEACHTREE HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.7
$710,500
25
$
12
9.6
REYNOLDSTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
12 Source: 4/1/2020 – 6/31/2020 provided by FMLS
22
2.6
$423,831
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
10
VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
5.7
$725,000
17
$
43
9.6
VIRGINIA HIGHLANDS / MORNINGSIDE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
52
3.5
$875,000 $
8
Source: 4/1/2020 – 6/31/2020 provided by FMLS
23
Single Family Homes
Inside the Perimeter
WEST END / CAPITOL VIEW HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.7
$244,500
151
17
$
9.6
WEST MIDTOWN / UNDERWOOD HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
102 Source: 4/1/2020 – 6/31/2020 provided by FMLS
24
3.0
$445,250
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
28
S I N G L E FA M I LY H O M E S
OUTSIDE THE PERIMETER
Source: 4/1/2020 – 6/31/2020 provided by FMLS
25
Single Family Homes
Outside the Perimeter
ACWORTH HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.9
$289,950
444
$
13
9.6
ALPHARETTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
406 Source: 4/1/2020 – 6/31/2020 provided by FMLS
26
2.9
$471,700
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
17
CHATTAHOOCHEE HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
7.9
$634,950
10
$
146
9.6
CUMMING HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
808
2.4
$361,250 $
18
Source: 4/1/2020 – 6/31/2020 provided by FMLS
27
Single Family Homes
Outside the Perimeter
DULUTH HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.6
$386,312
178
$
14
9.6
DUNWOODY HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
83 Source: 4/1/2020 – 6/31/2020 provided by FMLS
28
2.5
$521,548
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
19
EAST COBB HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.8
$427,826
664
$
11
9.6
JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
139
3.4
$557,228 $
19
Source: 4/1/2020 – 6/31/2020 provided by FMLS
29
Single Family Homes
Outside the Perimeter
KENNESAW HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.8
$339,550
314
$
9
9.6
MABLETON HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
155 Source: 4/1/2020 – 6/31/2020 provided by FMLS
30
1.8
$286,700
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
10
MARIETTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.6
$394,400
973
$
13
9.6
MILTON HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
102
5.0
$811,780 $
32
Source: 4/1/2020 – 6/31/2020 provided by FMLS
31
Single Family Homes
Outside the Perimeter
NORCROSS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.3
$271,806
66
$
10
9.6
PEACHTREE CITY HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
15 Source: 4/1/2020 – 6/31/2020 provided by FMLS
32
3.7
$414,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
35
PEACHTREE CORNERS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.7
$441,800
90
$
17
9.6
ROSWELL HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
362
2.6
$487,650 $
13
Source: 4/1/2020 – 6/31/2020 provided by FMLS
33
Single Family Homes
Outside the Perimeter
SANDY SPRINGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
5.1
$718,142
128
$
26
9.6
SMYRNA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
277 Source: 4/1/2020 – 6/31/2020 provided by FMLS
34
2.4
$388,553
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
15
SUWANNEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.0
$458,186
299
$
17
9.6
WOODSTOCK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
432
2.0
$326,117 $
9
Source: 4/1/2020 – 6/31/2020 provided by FMLS
35
CONDOMINIUMS
INSIDE THE PERIMETER
Source: 4/1/2020 – 6/31/2020 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 | 2 Q 2 0
Condominiums
Inside the Perimeter
BROOKHAVEN / CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
4.7
$232,500
38
$
27
9.6
BUCKHEAD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
183
5.1
$272,570 $
26
Source: 4/1/2020 – 6/31/2020 provided by FMLS
37
Condominiums
Inside the Perimeter
DECATUR / EMORY / DRUID HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.0
$219,600
37
$
21
9.6
DOWNTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
39 Source: 4/1/2020 – 6/31/2020 provided by FMLS
38
5.5
$253,760
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
41
INMAN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.9
$364,000
2
$
7
9.6
MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
134
3.7
$359,080 $
18
Source: 4/1/2020 – 6/31/2020 provided by FMLS
39
Condominiums
Inside the Perimeter
OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.7
$249,900
39
$
20
9.6
WEST MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
41 Source: 4/1/2020 – 6/31/2020 provided by FMLS
40
4.0
$305,280
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
17
CONDOMINIUMS
OUTSIDE THE PERIMETER
Source: 4/1/2020 – 6/31/2020 provided by FMLS
41
Condominiums
Outside the Perimeter
MARIETTA / SMYNRA / VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.6
$205,056
85
$
15
9.6
ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
39 Source: 4/1/2020 – 6/31/2020 provided by FMLS
42
2.4
$309,062
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
10
SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
87
3.1
$217,926 $
15
9.6
Source: 4/1/2020 – 6/31/2020 provided by FMLS
43
TOWNHOMES
INSIDE THE PERIMETER
Source: 4/1/2020 – 6/31/2020 provided 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 | 2 Q 2 0
Townhomes
Inside the Perimeter
BROOKHAVEN / CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
4.2
$466,895
99
$
31
9.6
BUCKHEAD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
73
4.3
$507,500 $
41
Source: 4/1/2020 – 6/31/2020 provided by FMLS
45
Townhomes
Inside the Perimeter
DECATUR / EMORY / DRUID HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.6
$391,900
32
$
19
9.6
DOWNTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
9 Source: 4/1/2020 – 6/31/2020 provided by FMLS
46
3.8
$479,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
106
EAST ATLANTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.3
$562,720
5
$
1
9.6
INMAN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0
N/A
N/A $
N/A
Source: 4/1/2020 – 6/31/2020 provided by FMLS
47
Townhomes
Inside the Perimeter
MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.7
$399,000
2
47
$
9.6
OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
12 Source: 4/1/2020 – 6/31/2020 provided by FMLS
48
5.6
$698,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
$
37
WEST MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
62
3.1
$294,500 $
37
9.6
Source: 4/1/2020 – 6/31/2020 provided by FMLS
49
TOWNHOMES
OUTSIDE THE PERIMETER
Source: 4/1/2020 – 6/31/2020 provided by FMLS
50
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
Townhomes
Outside the Perimeter
MARIETTA / SMYNRA / VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.6
$275,788
199
$
16
9.6
ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
183
3.3
$393,554 $
30
Source: 4/1/2020 – 6/31/2020 provided by FMLS
51
Townhomes
Outside the Perimeter
SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
100
2.3
$346,314 $
9.6
Source: 4/1/2020 – 6/31/2020 provided by FMLS
52
AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0
27
Source: 4/1/2020 – 6/31/2020 provided by FMLS
53
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Source: 4/1/2020 – 6/31/2020 provided by FMLS © 2020 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.
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AT L A N TA M A R K E T I N T E L L I G E N C E | 2 Q 2 0