MARKET SNAPSHOT 2 0 2 1
Q 3
AT L A N T A ,
G E O R G I A
ENGEL & VÖLKERS ATLANTA Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
1
A Word From Us ENGEL & VÖLKERS
So, where are we now and what does the future hold? By analyzing previous periods and the factors surrounding them, we can paint a fairly clear picture of the near future. First, looking back to 2020, the period was dominated by the COVID-19 pandemic. The beginning of the year saw the traditional “early Spring” market arriving right as the pandemic began to come into view. Shortly after quarantine began, demand for single family and townhomes increased substantially. Because of their communal spaces and lifestyles that depend on nearby amenities (parks, restaurants, shops, etc.), condo sales receded and inventory levels increased by nearly 40%. This trend continued until 4Q2020, when demand increased and inventory levels were diminished by 20%. As the pandemic receded, so too did its effect on the condo market; resulting in a return to prepandemic supply and demand levels by the end of 2020. Demand for single family and townhome product continued to increase exponentially. Rapid absorption of new home inventory drove supply levels to historic lows. Broken supply chains, delayed production of materials, and sky rocketing costs to construct slowed production and completion of new
2021
homes, exacerbating the low supply levels. has been a year of recovery for the city of Atlanta- unemployment has dropped
below pre-pandemic levels, businesses are growing, travel is back, and the future of metro-Atlanta is looking brighter than ever. This incredible growth hasn’t come without its challenges. Demand for homes of all types across the
Demand for homes of all types across the metro area has surged to levels that far exceed supply.
metro area has surged to levels that far exceed supply. This, along with other factors, has driven up home prices
Vaccinations began in 1Q2021, causing COVID cases
by 20% within the past year alone. Residential building
to drop significantly. The economy began to see an
permit applications are at historic lows, far from meeting
accelerated recovery, boosted by pandemic savings
demand, and prices for land, materials, and labor continue
and government stimulus. Pent up demand coupled with
to increase. Despite these challenges, Atlanta, compared
additional savings lead to aggressive spending for homes,
to other major metro areas, remains relatively affordable,
home improvement, automobiles, and travel. The metro
making it a highly sought-after place to live.
Atlanta real estate market started the year with 1.6 months of inventory, substantially lower than previous years, which ranged from 4-6 months of inventory. By mid year, months
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
2
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 2 1
of inventory plummeted to an all-time low of 0.8 months,
housing. In short, there are simply no factors that indicate
an average days on market of 17, and an average sale
that the Atlanta market is at risk for a bubble. If demand is
price of $478,000. This, coupled with increased building
only increasing, what about future supply? The below graph
costs, resulted in an 18% average sale price increase from
illustrates the number of permits obtained in the metro
January 2021 to June 2021. These drastic numbers have
Atlanta area over the past 24 years. The pre-recession
fueled a belief that there is a bubble in the metro Atlanta
period is widely acknowledged as a time in which supply met
housing market. For buyers and sellers, the answer is a
demand. As the graph shows, building permits obtained in
reassuring- no.
Q1 & Q2 2021 are less than half the level obtained 24 years
These drastic numbers have fueled a belief that there is a bubble in the metro Atlanta housing market.
prior, in 1997. Since 1997, metro-Atlanta has added almost one million new residents, a 20% increase in population. Supply chain issues, rising materials costs, and decreasing land availability and affordability are all factors that will effect the market’s ability to produce enough homes to meet market demand. Would-be homeowners are forced to turn to existing inventory which continues to lead to aggressive
Home prices, like most of the economy, are driven by supply
price increases. Simply put- there are not enough homes of
and demand. Supply, as previously mentioned, has never
any type in metro Atlanta to meet demand, and there are no
been lower, and demand has never been higher. The influx
factors in play that support the possibility of a bubble.
of new residents (over 100,000 in the past year alone), Atlanta Permit Trend 1997 - 6/2021
paired with high impact companies relocating or adding offices in Atlanta continues to feed the rising demand for homes in the metro area. Large companies such as
Souce: Engel & Völkers Atlanta, HUD, and Federal Reserve Economic Data, 1997-2021. 7000
6000
5000
Microsoft, Facebook, and Google are relocating or adding tens of thousands of new jobs to the city center. Tech companies and the burgeoning movie industry continue to add jobs, creating demand for other small businesses and
4000
3000
2000
1000
20 21
20 20
20 19
20 18
20 17
20 16
20 15
20 14
20 13
20 12
20 11
20 10
20 09
20 08
20 07
20 06
20 05
20 04
20 03
20 02
20 01
20 00
19 99
19 98
19 97
0
Permi ts/ Month
… there are simply no factors that indicate that the Atlanta market is at risk for a bubble. We hope the information within the following pages will provide clarity and confidence in this time of growth and change. We appreciate you looking through this report and hope you harness and spread the word on the insight provided within. Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
3
Single Family Homes Inside the Perimeter
5
Outside the Perimeter
21
Condominiums
Inside the Perimeter
32
Outside the Perimeter
37
Townhomes
Inside the Perimeter
40
Outside the Perimeter
46
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
4
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 2 1
S I N G L E FA M I LY H O M E S
INSIDE THE PERIMETER
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
5
Single Family Homes
Inside the Perimeter
ANSLEY PARK / SHERWOOD FOREST HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.5
$1,400,000
27
$
28
9.6
BROOKHAVEN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
416
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
6
2.0
$740,000
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 2 1
$
8
BROOKWOOD HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.6
$1,540,000
11
$
7
9.6
BUCKHEAD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
854
2.5
$1,110,000 $
12
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
7
Single Family Homes
Inside the Perimeter
CABBAGETOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.2
$705,000
9
$
4
9.6
CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
139
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
8
1.3
$397,300
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 2 1
$
7
CHASTAIN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.3
$1,295,000
47
$
COLLEGE PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
12
9.6
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
28
2.3
$379,700 $
14
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
9
Single Family Homes
Inside the Perimeter
COLLIER HILLS/ ARDMORE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.8
$837,250
26
$
5
9.6
DECATUR HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
182
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
10
1.3
$689,000
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 2 1
$
5
DRUID HILLS / EMORY HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.1
$832,500
79
$
EAST ATLANTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
6
9.6
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
103
1.0
$456,750 $
6
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
11
Single Family Homes
Inside the Perimeter
EAST LAKE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.3
$582,000
49
$
5
9.6
EAST POINT HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
177
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
12
1.4
$230,777
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 2 1
$
8
EDGEWOOD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.2
$567,000
47
$
5
9.6
GARDEN HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
56
1.4
$947,500 $
14
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
13
Single Family Homes
Inside the Perimeter
GRANT PARK / GLENWOOD PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.4
$555,000
91
$
5
9.6
HAPEVILLE / THOMASVILLE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
32
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
14
1.8
$262,500
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 2 1
$
7
INMAN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.2
$1,030,000
21
$
5
9.6
KIRKWOOD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
85
1.4
$556,000 $
4
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
15
Single Family Homes
Inside the Perimeter
LAKE CLAIRE / LITTLE FIVE POINTS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.2
$699,250
40
$
6
9.6
OAKHURST HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
39
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
16
1.1
$737,000
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 2 1
$
4
OLD FOURTH WARD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.9
$725,000
31
7
$
9.6
ORMEWOOD PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
64
1.1
$524,000 $
5
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
17
Single Family Homes
Inside the Perimeter
PEACHTREE HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.1
$750,000
50
$
8
9.6
REYNOLDSTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
24
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
18
1.1
$644,500
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 2 1
$
5
VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.6
$778,000
52
$
23
9.6
VIRGINIA HIGHLANDS / MORNINGSIDE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
177
2.0
$947,000 $
8
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
19
Single Family Homes
Inside the Perimeter
WEST END / CAPITOL VIEW HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.1
$325,000
353
10
$
9.6
WEST MIDTOWN / UNDERWOOD HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
278
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
20
1.3
$500,000
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 2 1
$
7
S I N G L E FA M I LY H O M E S
OUTSIDE THE PERIMETER
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
21
Single Family Homes
Outside the Perimeter
ACWORTH HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.2
$350,000
975
$
5
9.6
ALPHARETTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1133
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
22
1.1
$585,800
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 2 1
$
5
CHATTAHOOCHEE HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.7
$798,571
26
$
20
9.6
CUMMING HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1874
0.9
$469,950 $
5
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
23
Single Family Homes
Outside the Perimeter
DULUTH HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.2
$420,000
500
$
5
9.6
DUNWOODY HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
247
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
24
1.3
$590,000
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 2 1
$
5
EAST COBB HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.1
$448,000
1868
$
5
9.6
JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
388
1.0
$635,000 $
6
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
25
Single Family Homes
Outside the Perimeter
KENNESAW HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.0
$354,500
743
$
5
9.6
MABLETON HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
336
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
26
1.0
$350,000
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 2 1
$
5
MARIETTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.1
$410,000
2718
$
6
9.6
MILTON HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
286
1.6
$929,736 $
6
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
27
Single Family Homes
Outside the Perimeter
NORCROSS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.4
$286,100
171
$
5
9.6
PEACHTREE CITY HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
55
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
28
2.7
$430,000
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 2 1
$
9
PEACHTREE CORNERS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.0
$484,000
193
$
5
9.6
ROSWELL HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
924
1.1
$535,000 $
5
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
29
Single Family Homes
Outside the Perimeter
SANDY SPRINGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.8
$755,000
333
$
9
9.6
SMYRNA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
643
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
30
1.2
$449,000
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 2 1
$
6
SUWANNEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.0
$493,750
762
$
5
9.6
WOODSTOCK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1061
1.0
$370,000 $
5
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
31
CONDOMINIUMS
INSIDE THE PERIMETER
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
32
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 2 1
Condominiums
Inside the Perimeter
BROOKHAVEN / CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.4
$240,000
156
$
13
9.6
BUCKHEAD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
791
2.9
$259,000 $
24
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
33
Condominiums
Inside the Perimeter
DECATUR / EMORY / DRUID HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.6
$225,000
137
$
11
9.6
DOWNTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
159
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
34
3.2
$244,500
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 2 1
$
29
INMAN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.1
$334,900
31
$
12
9.6
MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
510
2.3
$315,000 $
24
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
35
Condominiums
Inside the Perimeter
OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.8
$280,000
147
$
12
9.6
WEST MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
204
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
36
2.3
$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 | 3 Q 2 1
$
14
CONDOMINIUMS
OUTSIDE THE PERIMETER
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
37
Condominiums
Outside the Perimeter
MARIETTA / SMYNRA / VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.9
$210,000
263
$
5
9.6
ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
125
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
38
0.9
$277,000
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 2 1
$
5
SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.0
$197,750
330
$
6
9.6
CUMMING HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
33
0.5
$375,000 $
9
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
39
TOWNHOMES
INSIDE THE PERIMETER
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
40
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 2 1
Townhomes
Inside the Perimeter
BROOKHAVEN / CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.4
$525,000
229
$
19
9.6
BUCKHEAD HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
311
2.0
$485,000 $
13
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
41
Townhomes
Inside the Perimeter
DECATUR / EMORY / DRUID HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.8
$473,883
116
$
11
9.6
DOWNTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
10
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
42
1.2
$521,865
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 2 1
$
0
EAST ATLANTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.8
$452,750
16
$
69
9.6
INMAN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
23
1.4
$637,500 $
7
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
43
Townhomes
Inside the Perimeter
MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.2
$527,450
22
7
$
9.6
OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
45
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
44
2.0
$620,000
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 2 1
$
17
WEST MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
218
$388,000
1.1 $
8
9.6
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
45
TOWNHOMES
OUTSIDE THE PERIMETER
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
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 2 1
Townhomes
Outside the Perimeter
MARIETTA / SMYNRA / VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.0
$345,404
579
$
7
9.6
ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
511
0.8
$430,000 $
7
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
47
Townhomes
Outside the Perimeter
SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.4
$373,500
346
$
8
9.6
CUMMING HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
118
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points
48
0.7
$307,000
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 2 1
$
4
www.evatlanta.com 1745 Peachtree Street, Atlanta, GA 30309, USA | 404.845.7724
Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points © 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.
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