2018 Q1 Market Intelligence

MARKET INTELLIGENCE 2 0 1 8

Q 1

A T L A N T A,

G E O R G I A

ENGEL & VÖLKERS ATLANTA

TABLE OF CONTENTS A WORD FROM US . . ...................................................................................................5 FMLS AREA 21...........................................................................................................6 CONDOS........................................................................................................10 TOWNHOMES................................................................................................14 SINGLE FAMILY DETATCHED.......................................................................18 FMLS AREA 22...........................................................................................................22 CONDOS........................................................................................................26 TOWNHOMES................................................................................................30 SINGLE FAMILY DETATCHED.......................................................................34 FMLS AREA 23...........................................................................................................38 CONDOS........................................................................................................42 TOWNHOMES................................................................................................46 SINGLE FAMILY DETATCHED.......................................................................50 FMLS AREA 24...........................................................................................................54 CONDOS........................................................................................................58 TOWNHOMES................................................................................................62 SINGLE FAMILY DETATCHED.......................................................................66 FMLS AREA 51...........................................................................................................70 CONDOS........................................................................................................74 TOWNHOMES................................................................................................78 SINGLE FAMILY DETATCHED.......................................................................82 FMLS AREA 52...........................................................................................................86 CONDOS........................................................................................................90 TOWNHOMES................................................................................................94 SINGLE FAMILY DETATCHED.......................................................................98 FMLS AREA 71...........................................................................................................102 CONDOS........................................................................................................106 TOWNHOMES................................................................................................110 SINGLE FAMILY DETATCHED.......................................................................114 FMLS AREA 132.........................................................................................................118 CONDOS........................................................................................................122 TOWNHOMES................................................................................................126 SINGLE FAMILY DETATCHED.......................................................................130

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ATLANTA MARKET INTELLIGENCE | 1Q18

ATLANTA MARKET INTELLIGENCE | 1Q18

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A WORD FROM US As the newest and fastest growing real estate brokerage in Atlanta, Georgia, Engel & Vรถlkers has grown to 6 office locations around Metro Atlanta. The strength of its remarkable brand has made Engel & Vรถlkers the most recognized real estate firm worldwide with over 10,000 Advisors in over 800 offices, spanning 34 countries and 6 continents. Engel & Vรถlkers Atlanta has established themselves as leaders in the real estate industry offering their clientele unmatchable, global reach with extensive, local expertise on new home sales and general brokerage real estate.

It is our pleasure to present our 2018 Quarter 1 Atlanta Market Intelligence Report, where you will find comprehensive reports on residential attached condominiums and townhomes and residential detached single family homes in the following FMLS areas: 21, 22, 23, 24, 51, 52, 71, and 132.

21

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21

8

FMLS AREA 21 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 85

First Multiple Listing Service (FMLS) Area 21 encompasses most of Atlanta’s Buckhead Community. It includes Tuxedo Park, Mt. Paran/Northside, Chastain Park, the portion of Brookhaven that falls within Fulton County, and numerous other neighborhoods. FMLS Area 21 is bound by the Fulton/DeKalb line to the east, I-75 to the west, the City of Atlanta line to the north and I-85 to the south.

ATLANTA

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ATLANTA MARKET INTELLIGENCE REPORT | 1Q18 | FMLS AREA 21

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21

9

9

FMLS AREA 21

SUMMARY OF MARKET ACTIVITY

ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 21 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 32 491 41 40 93% 1

$200K 2 $299K 50 446 37 36 96% 2

$300K 2 $399K 38 202 17 61 96% 2

$400K 2 $499K 23 118 10 82 96% 3

$500K 2 $599K 32 64 5 96 94% 7

$600K 2 $699K 17 61 5 97 95% 3

$700K 2 $799K 35 41 3 116 96% 10

$800K 2 $899K 21 9 1 99 95% 28

$900K 2 $999K 21 16 1 146 93% 16

$1M 2 $2M 35 46 4 168 93% 9

$2M 2 $5M 20 11 1 406 100% 22

AVG/ >:$5M 2 0 0 0 0% 0

TOTALS 326 1505 125 59 95% 3

SOURCE: FMLS 2018; Area 21, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 21 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 2 15 1 9 99% 3

$200K 2 $299K 1 4 0 31 99% 6

$300K 2 $399K 2 16 1 82 91% 2

$400K 2 $499K 3 42 4 73 94% 1

$500K 2 $599K 24 102 9 81 95% 3

$600K 2 $699K 33 123 10 62 96% 3

$700K 2 $799K 35 88 7 105 95% 5

$800K 2 $899K 33 67 6 95 91% 6

$900K 2 $999K 28 58 5 96 93% 6

$1M 2 $2M 166 255 21 118 93% 8

$2M 2 $5M 90 74 6 167 90% 15

AVG/ >:$5M 14 2 0 126 95% 84

TOTALS 431 846 71 100 92% 6

SOURCE: FMLS 2018; Area 21, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

ENGEL & VÖLKERS ATLANTA

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ATLANTA

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA21 21 || CONDOS CONDOS

10 10

FMLS AREA 21 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 21 decreased 20.3% on a year-over-year basis from 300 in March 2017 to 239 in March 2018. The number of new condo listings in FMLS Area 21 decreased 10.5% on a year-over-year basis from 153 in March 2017 to 137 in March 2018. The number of condo sales in FMLS Area 21 saw no change on a year-over-year basis from 116 in March 2017 to 116 in March 2018. The months of inventory for condos in FMLS Area 21 decreased 20.3% on a year-over-year basis from 2.6 months in March 2017 to 2.1 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 10.3%

+ 0.7%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 20.3%

- 10.5%

+/- 0%

- 20.3%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 10.1%

RATIO OF SP/OLP

- 28%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | CONDOS

11 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 21 decreased 20.3% on a year-over-year basis from 300 in March 2017 to 239 in March 2018.

The number of new condo listings in FMLS Area 21 decreased 10.5% on a year-over-year basis from 153 in March 2017 to 137 in March 2018.

The number of condo sales in FMLS Area 21 did not change on a year-over-year basis from 116 in March 2017 to 116 in March 2018.

400

400

300

300

200

200

100

100

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY 10

The months of inventory for condos in FMLS Area 21 decreased 20.3% on a year-overyear basis from 2.6 months in March 2017 to 2.1 months in March 2018.

8 6 4 2 0

3Q15

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1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA21 21 || CONDOS CONDOS

12 12

MEDIAN SALE PRICE

+ 10.3%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$500,000

The median list price for condos in FMLS Area 21 increased 18.2% on a year-over-year basis from $236,900 in March 2017 to $279,900 in March 2018.

$400,000 $300,000

The median sale price for condos in FMLS Area 21 increased 10.3% on a year-over-year basis from $209,950 in March 2017 to $231,500 in March 2018.

$200,000 $100,000 $0

2Q15

4Q15

2Q16

4Q16

2Q17

4Q17

AVERAGE SALE PRICE

+ 10.1%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$750,000

The average list price for condos in FMLS Area 21 increased 2% on a year-over-year basis from $417,507 in March 2017 to $425,867 in March 2018.

$600,000 $450,000

The average sale price for condos in FMLS Area 21 increased 10.1% on a year-over-year basis from $268,551 in March 2017 to $295,608 in March 2018.

$300,000 $150,000 $0 2Q15

4Q15

2Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q16

2Q17

4Q17

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | CONDOS

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 28%

The median number of continuous days on market (CDOM) for condos in FMLS Area 21 decreased 28% on a year-overyear basis from 25 days in March 2017 to 18 days in March 2018.

120

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 0.7%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for condos in FMLS Area 21 increased 0.7% on a year-overyear basis from 97.3% in March 2017 to 98% in March 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92%

3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA21 21 || TOWNHOMES TOWNHOMES

FMLS AREA 21 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 21 increased 3.6% on a year-over-year basis from 84 in March 2017 to 87 in March 2018. The number of new townhome listings in FMLS Area 21 increased 23.3% on a year-over-year basis from 30 in March 2017 to 37 in March 2018. The number of townhome sales in FMLS Area 21 decreased 8.3% on a year-over-year basis from 24 in March 2017 to 22 in March 2018. The months of inventory for townhomes in FMLS Area 21 increased 13% on a year-over-year basis from 3.5 months in March 2017 to 4 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

- 15.3%

+ 0.5%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 3.6%

+ 23.3%

- 8.3%

+ 13%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 0.6%

RATIO OF SP/OLP

- 65.6%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | TOWNHOMES

15 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | TOWNHOMES

SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 21 increased 3.6% on a year-over-year basis from 84 in March 2017 to 87 in March 2018.

150

The number of new townhome listings in FMLS Area 21 increased 23.3% on a year-over-year basis from 30 in March 2017 to 37 in March 2018.

150

120

The number of townhome sales in FMLS Area 21 decreased 8.3% on a year-over-year basis from 24 in March 2017 to 22 in March 2018.

120

90

90

60

60

30

30

0

0 2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

MONTHS OF INVENTORY 10

The months of inventory for townhomes in FMLS Area 21 increased 13% on a yearover-year basis from 3.5 months in March 2017 to 4 months in March 2018.

8 6 4 2 0 3Q15

www.evatlanta.com

1Q16

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA21 21 | | TOWNHOMES TOWNHOMES

12 16

MEDIAN SALE PRICE

- 15.3%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for townhomes in FMLS Area 21 increased 21.7% on a year-over-year basis from $492,950 in March 2017 to $600,000 in March 2018.

$750,000 $600,000

The median sale price for townhomes in FMLS Area 21 decreased 15.3% on a year-overyear basis from $478,500 in March 2017 to $405,500 in March 2018.

$450,000 $300,000 $150,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 0.6%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$900,000

The average list price for townhomes in FMLS Area 21 decreased 7.2% on a year-over-year basis from $651,493 in March 2017 to $604,525 in March 2018.

$750,000 $600,000

The average sale price for townhomes in FMLS Area 21 increased 0.6% on a year-over-year basis from $531,021 in March 2017 to $534,113 in March 2018.

$450,000 $300,000 $150,000 $0

3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | TOWNHOMES

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | TOWNHOMES

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 65.6% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 21 decreased 65.6% on a year-over-year basis from 32 days in March 2017 to 11 days in March 2018.

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 0.5%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for townhomes in FMLS Area 21 increased 0.5% on a yearover-year basis from 99.5% in March 2017 to 100% in March 2018.

102.0% 100.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98.0% 96.0% 94.0% 92.0%

3Q15

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1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

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MARKET INTELLIGENCE | 1Q18| FMLS | FMLS AREA AREA 2121| |SFD ATLANTA ATLANTA MARKET INTELLIGENCE | 1Q18 SFD

FMLS AREA 21

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 21 decreased 18.4% on a year-over-year basis from 510 in March 2017 to 416 in March 2018. The number of new SFD listings in FMLS Area 21 decreased 11.6% on a year-over-year basis from 225 in March 2017 to 199 in March 2018. The number of SFD sales in FMLS Area 21 increased 19.7% on a year-overyear basis from 66 in March 2017 to 79 in March 2018. The months of inventory for SFD in FMLS Area 21 decreased 31.9% on a year-over-year basis from 7.7 months in March 2017 to 5.3 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 18.9%

+ 1.0%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 18.4%

- 11.6%

+ 19.7%

- 31.9%

ENGEL & VÖLKERS ATLANTA ATLANTA

+ 10.1%

RATIO OF SP/OLP

+ 38.5%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | SFD

19

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | SFD

11

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 21 decreased 18.4% on a year-over-year basis from 510 in March 2017 to 416 in March 2018.

600

The number of new SFD listings in FMLS Area 21 decreased 11.6% on a year-over-year basis from 225 in March 2017 to 199 in March 2018.

600

500

The number of SFD sales in FMLS Area 21 increased 19.7% on a year-over-year basis from 95 in March 2017 to 76 in March 2018.

500

400

400

300

300

200

200

100

100

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY 16

The months of inventory for SFD in FMLS Area 21 decreased 31.9% on a year-overyear basis from 7.7 months in March 2017 to 5.3 months in March 2018.

12 8 4 0 3Q15

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1Q16

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA

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ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 1Q18 | FMLS 21| |SFD SFD INTELLIGENCE | 1Q18 | FMLSAREA AREA 21

12 20

MEDIAN SALE PRICE

+ 18.9%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 21 decreased 1.5% on a year-over-year basis from $990,000 in March 2017 to $975,000 in March 2018.

$1,500,000 $1,250,000 $1,000,000

The median sale price for SFD in FMLS Area 21 increased 18.9% on a year-over-year basis from $736,171 in March 2017 to $875,000 in March 2018.

$750,000 $500,000 $250,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 10.1%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 21 decreased 6.6% on a year-over-year basis from $1,311,977 in March 2017 to $1,225,643 in March 2018.

$1,500,000 $1,250,000 $1,000,000

The average sale price for SFD in FMLS Area 21 increased 10.1% on a year-over-year basis from $1,008,950 in March 2017 to $1,111,336 in March 2018.

$750,000 $500,000 $250,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | SFD

21 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 38.5% 120

The median number of continuous days on market (CDOM) for SFD in FMLS Area 21 increased 38.5% on a yearover-year basis from 26 days in March 2017 to 36 days in March 2018.

90

60

30

0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 1.0%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 21 increased 1% on a year-over-year basis from 95.4% in March 2017 to 96.4% in March 2018.

102%

99%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96%

93%

90%

3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

22

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 22

24

FMLS AREA 22 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 85

First Multiple Listing Service (FMLS) Area 22 includes Downtown and Atlanta’s westside neighborhoods. It includes Home Park, Loring Heights, Castleberry Hill, Blandtown, the portion of Buckhead that falls south of I-75 and numerous other neighborhoods. FMLS Area 22 is bound by the connector (I-75/85) to the east, the Chattahoochee River and I-285 to the west, I-75 to the north and I-20 to the south.

ATLANTA

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25 9

ATLANTA MARKET INTELLIGENCE | 1Q18 AREA2222 ATLANTA MARKET INTELLIGENCE REPORT | 1Q18| |FMLS FMLS AREA

FMLS AREA 22

SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 22 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 26 281 23 40 92% 1

$200K 2 $299K 14 287 24 37 98% 1

$300K 2 $399K 18 151 13 48 98% 2

$400K 2 $499K 10 61 5 79 98% 2

$500K 2 $599K 15 21 2 148 97% 9

$600K 2 $699K 6 12 1 69 95% 6

$700K 2 $799K 1 6 1 154 95% 2

$800K 2 $899K 5 1 0 51 100% 60

$900K 2 $999K 0 1 0 0 100% 0

$1M 2 $2M 3 3 0 402 84% 12

$2M 2 $5M 2 0 0 0 0% 0

AVG/ >:$5M 0 0 0 0 0% 0

TOTALS 100 824 69 49 97% 1

SOURCE: FMLS 2018; Area 22, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 22 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 59 483 40 46 96% 2

$200K 2 $299K 14 79 7 37 96% 3

$300K 2 $399K 15 110 9 44 98% 2

$400K 2 $499K 17 87 7 41 99% 3

$500K 2 $599K 6 44 4 104 97% 4

$600K 2 $699K 5 12 1 53 97% 5

$700K 2 $799K 3 11 1 123 95% 3

$800K 2 $899K 4 7 1 198 93% 7

$900K 2 $999K 6 7 1 96 96% 10

$1M 2 $2M 11 19 2 60 96% 7

$2M 2 $5M 14 4 0 189 84% 42

AVG/ >:$5M 3 1 0 251 92% 36

TOTALS 157 864 72 55 98% 2

SOURCE: FMLS 2018; Area 22, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA22 22 || CONDOS CONDOS

10 26

FMLS AREA 22 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 22 decreased 31.6% on a year-over-year basis from 114 in March 2017 to 78 in March 2018. The number of new condo listings in FMLS Area 22 decreased 27.1% on a year-over-year basis from 85 in March 2017 to 62 in March 2018. The number of condo sales in FMLS Area 22 increased 4% on a yearover-year basis from 50 in March 2017 to 52 in March 2018. The months of inventory for condos in FMLS Area 22 decreased 34.2% on a year-over-year basis from 2.3 months in March 2017 to 1.5 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 20.4%

+ 0.2%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 31.6%

- 27.1%

+ 4%

- 34.2%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 12.3%

RATIO OF SP/OLP

- 66.7%

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 22 | CONDOS

27 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 22 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 22 decreased 31.6% on a year-over-year basis from 114 in March 2017 to 78 in March 2018.

The number of new condo listings in FMLS Area 22 decreased 27.1% on a year-over-year basis from 85 in March 2017 to 62 in March 2018.

The number of condo sales in FMLS Area 22 increased 4% on a year-over-year basis from 50 in March 2017 to 52 in March 2018.

200

200

150

150

100

100

50

50

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY 10

The months of inventory for condos in FMLS Area 22 decreased 34.2% on a year-overyear basis from 2.3 months in March 2017 to 1.5 months in March 2018.

8 6 4 2 0 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA22 22 || CONDOS CONDOS

12 28

MEDIAN SALE PRICE

+ 20.4%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for condos in FMLS Area 22 decreased 12.7% on a year-over-year basis from $254,900 in March 2017 to $222,500 in March 2018.

$900,000 $750,000 $600,000

The median sale price for condos in FMLS Area 22 increased 20.4% on a year-over-year basis from $186,950 in March 2017 to $225,000 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 12.3%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for condos in FMLS Area 22 decreased 17.9% on a year-over-year basis from $343,502 in March 2017 to $282,056 in March 2018.

$900,000 $750,000 $600,000

The average sale price for condos in FMLS Area 22 increased 12.3% on a year-over-year basis from $231,301 in March 2017 to $259,721 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 22 | CONDOS

29 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 22 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 66.7%

The median number of continuous days on market (CDOM) for condos in FMLS Area 22 decreased 66.7% on a yearover-year basis from 24 days in March 2017 to 8 days in March 2018.

120

90

60

30

0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 0.2%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for condos in FMLS Area 22 increased 0.2% on a year-overyear basis from 98.4% in March 2017 to 98.6% in March 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92% 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

10 30

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA22 22 || TOWNHOMES TOWNHOMES

FMLS AREA 22 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 22 decreased 44.9% on a year-over-year basis from 49 in March 2017 to 27 in March 2018. The number of new townhome listings in FMLS Area 22 decreased 43.9% on a year-over-year basis from 41 in March 2017 to 23 in March 2018. The number of townhome sales in FMLS Area 22 increased 11.8% on a year-over-year basis from 17 in March 2017 to 19 in March 2018. The months of inventory for townhomes in FMLS Area 22 decreased 50.7% on a year-over-year basis from 2.9 months in March 2017 to 1.4 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 44.9%

- 43.9%

+ 11.8%

+ 13%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 13.3%

+ 13.6%

- 0.8%

+/- 0%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 22 | TOWNHOMES

31 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 22 | TOWNHOMES

SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 22 decreased 44.9% on a year-over-year basis from 49 in March 2017 to 27 in March 2018.

The number of new townhome listings in FMLS Area 22 decreased 43.9% on a year-over-year basis from 41 in March 2017 to 23 in March 2018.

80

80

The number of townhome sales in FMLS Area 22 increased 11.8% on a year-over-year basis from 17 in March 2017 to 19 in March 2018.

60

60

40

40

20

20

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY 12

The months of inventory for townhomes in FMLS Area 22 decreased 50.7% on a yearover-year basis from 2.9 months in March 2017 to 1.4 months in March 2018.

10 8 6 4 2 0 3Q15

1Q16

www.evatlanta.com

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

12 32

ATLANTA MARKET | 1Q18 | FMLS AREA ATLANTA INTELLIGENCE MARKET INTELLIGENCE | 1Q18 | FMLS AREA22 22 | | TOWNHOMES TOWNHOMES

MEDIAN SALE PRICE

+ 13.3%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$600,000

The median list price for townhomes in FMLS Area 22 decreased 16.8% on a year-over-year basis from $338,900 in March 2017 to $282,000 in March 2018.

$500,000 $400,000

The median sale price for townhomes in FMLS Area 22 increased 13.3% on a year-over-year basis from $267,000 in March 2017 to $302,500 in March 2018.

$300,000 $200,000 $100,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 13.6%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$600,000

The average list price for townhomes in FMLS Area 22 decreased 8.7% on a year-over-year basis from $343,660 in March 2017 to $313,636 in March 2018.

$500,000 $400,000

The average sale price for townhomes in FMLS Area 22 increased 13.6% on a year-over-year basis from $283,263 in March 2017 to $321,652 in March 2018.

$300,000 $200,000 $100,000 $0 3Q15

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 22 | TOWNHOMES

33

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 22 | TOWNHOMES

MEDIAN CDOM

13

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+/- 0% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 22 saw no change on a year-over-year basis from 9 days in March 2017 to 9 days in March 2018.

90

60

30

0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 0.8%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

100.0% 98.0% 96.0%

A neutral market will have a ratio of roughly 95%. Ratios below 95% indicate a buyer’s market and ratios above 95% indicate a seller’s market.

94.0% 92.0%

3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

The ratio of SP/OLP for townhomes in FMLS Area 22 decreased 0.8% on a yearover-year basis from 100% in March 2017 to 99.2% in March 2018.

ATLANTA

www.evatlanta.com

ATLANTA ATLANTA MARKET INTELLIGENCE | 1Q18 22| |SFD SFD MARKET INTELLIGENCE | 1Q18| FMLS | FMLS AREA AREA 22

10 34

FMLS AREA 22

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 22 decreased 33.9% on a year-over-year basis from 245 in March 2017 to 162 in March 2018. The number of new SFD listings in FMLS Area 22 decreased 5.4% on a year-over-year basis from 111 in March 2017 to 105 in March 2018. The number of SFD sales in FMLS Area 22 decreased 20% on a year-over-year basis from 95 in March 2017 to 76 in March 2018. The months of inventory for SFD in FMLS Area 22 decreased 17.3% on a year-over-year basis from 2.6 months in March 2017 to 2.1 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

- 12.5%

+ 5.3%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 33.9%

- 5.4%

- 20%

- 17.3%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 14.2%

RATIO OF SP/OLP

- 62.5%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 22 | SFD

35 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 22 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 22 decreased 33.9% on a year-over-year basis from 245 in March 2017 to 162 in March 2018.

The number of new SFD listings in FMLS Area 22 decreased 5.4% on a year-over-year basis from 111 in March 2017 to 105 in March 2018.

400

400

The number of SFD sales in FMLS Area 22 decreased 20% on a year-over-year basis from 95 in March 2017 to 76 in March 2018.

300

300

200

200

100

100

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY The months of inventory for SFD in FMLS Area 22 decreased 17.3% on a year-overyear basis from 2.6 months in March 2017 to 2.1 months in March 2018.

10 8 6 4 2 0 3Q15

www.evatlanta.com

1Q16

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 1Q18 | FMLS 22 | | SFD SFD INTELLIGENCE | 1Q18 | FMLSAREA AREA 22

12 36

MEDIAN SALE PRICE

- 12.5%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for SFD in FMLS Area 22 increased 23.6% on a year-over-year basis from $165,000 in March 2017 to $204,000 in March 2018.

$750,000 $600,000

The median sale price for SFD in FMLS Area 22 decreased 12.5% on a year-over-year basis from $200,000 in March 2017 to $174,950 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

- 14.2%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 22 decreased 10.6% on a year-over-year basis from $414,492 in March 2017 to $370,685 in March 2018.

$900,000 $750,000 $600,000

The average sale price for SFD in FMLS Area 22 decreased 14.2% on a year-over-year basis from $288,266 in March 2017 to $247,368 in March 2018.

$450,000 $300,000 $150,000 $0

3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 22 | SFD

37 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 22 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 62.5%

The median number of continuous days on market (CDOM) for SFD in FMLS Area 22 decreased 62.5% on a yearover-year basis from 32 days in March 2017 to 12 days in March 2018.

120

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

RATIO OF SP/OLP

+ 5.3%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 22 increased 5.3% on a year-over-year basis from 95% in March 2017 to 100% in March 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92%

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

23

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23

40

FMLS AREA 23 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 85

First Multiple Listing Service (FMLS) Area 23 is made up of Midtown and Atlanta’s eastside neighborhoods that fall within Fulton County. It includes Ansley Park, Morningside-Lenox Park, Virginia-Highland, Old Fourth Ward, Inman Park, Cabbagetown and numerous other neighborhoods.

FMLS Area 23 is bound by the connector (I75/85) to the west, the Fulton/DeKalb line to the east, I-85 to the north, and I-20 to the south.

ATLANTA

www.evatlanta.com

ATLANTA MARKET INTELLIGENCE REPORT | 1Q18 | FMLS AREA 23

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23

41

9

FMLS AREA 23

SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 23 from April 1, 2017 to March 31, 2018.

$0 2 $199K 18 359 30 44 96% 0

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$200K 2 $299K 33 506 42 26 83% 1

$300K 2 $399K 33 294 25 34 98% 2

$400K 2 $499K 14 166 14 42 98% 1

$500K 2 $599K 13 78 7 59 97% 2

$600K 2 $699K 14 48 4 74 98% 4

$700K 2 $799K 8 20 2 80 99% 5

$800K 2 $899K 7 13 1 48 97% 6

$900K 2 $999K 6 3 0 8 99% 24

$1M 2 $2M 21 17 1 74 99% 15

$2M 2 $5M 5 0 0 0 0% 0

AVG/ >:$5M 0 0 0 0 0% 0

TOTALS 172 1504 125 34 92% 1

SOURCE: FMLS 2018; Area 23, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 23 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 0 11 1 29 108% 0

$200K 2 $299K 0 20 2 35 95% 0

$300K 2 $399K 3 48 4 36 97% 1

$400K 2 $499K 5 65 5 26 98% 1

$500K 2 $599K 7 58 5 39 97% 2

$600K 2 $699K 9 68 6 42 94% 2

$700K 2 $799K 12 64 5 46 96% 2

$800K 2 $899K 11 45 4 63 96% 3

$900K 2 $999K 15 30 3 99 96% 6

$1M 2 $2M 63 105 9 108 86% 7

$2M 2 $5M 12 8 1 196 95% 18

AVG/ >:$5M 0 0 0 0 0% 0

TOTALS 137 522 44 60 92% 3

SOURCE: FMLS 2018; Area 23, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

ENGEL & VÖLKERS ATLANTA

www.evatlanta.com

www.evatlanta.com

ATLANTA

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA23 23 || CONDOS CONDOS

10 42

FMLS AREA 23 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 23 decreased 13.6% on a year-over-year basis from 154 in March 2017 to 133 in March 2018. The number of new condo listings in FMLS Area 23 decreased 20.8% on a year-over-year basis from 173 in March 2017 to 137 in March 2018. The number of condo sales in FMLS Area 23 decreased 13.4% on a year-over-year basis from 134 in March 2017 to 116 in March 2018. The months of inventory for condos in FMLS Area 23 decreased 0.2% on a year-over-year basis from 1.1 months in March 2017 to 1.1 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 3.3%

+ 1.4%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 13.6%

- 20.8%

- 13.4%

- 0.2%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 1.9%

RATIO OF SP/OLP

+ 10.7%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | CONDOS

43 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 23 decreased 13.6% on a year-over-year basis from 154 in March 2017 to 133 in March 2018.

The number of new condo listings in FMLS Area 23 decreased 20.8% on a year-over-year basis from 173 in March 2017 to 137 in March 2018.

The number of condo sales in FMLS Area 23 decreased 13.4% on a year-over-year basis from 134 in March 2017 to 116 in March 2018.

400

400

300

300

200

200

100

100

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY 10

The months of inventory for condos in FMLS Area 23 decreased 0.2% on a year-over-year basis from 1.1 months in March 2017 to 1.1 months in March 2018.

8 6 4 2 0 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 23 || CONDOS CONDOS

12 44

MEDIAN SALE PRICE

+ 3.3%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for condos in FMLS Area 23 increased 9.4% on a year-over-year basis from $264,900 in March 2017 to $289,900 in March 2018.

$900,000 $750,000 $600,000

The median sale price for condos in FMLS Area 23 increased 3.3% on a year-over-year basis from $268,750 in March 2017 to $277,500 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 1.9%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for condos in FMLS Area 23 increased 1.6% on a year-over-year basis from $378,598 in March 2017 to $384,795 in March 2018.

$900,000 $750,000 $600,000

The average sale price for condos in FMLS Area 23 increased 1.9% on a year-over-year basis from $312,694 in March 2017 to $318,563 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | CONDOS

45 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 10%

The median number of continuous days on market (CDOM) for condos in FMLS Area 23 increased 10% on a year-overyear basis from 10 days in March 2017 to 11 days in March 2018.

120

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

RATIO OF SP/OLP

+ 1.4%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for condos in FMLS Area 23 increased 1.4% on a year-overyear basis from 98.6% in March 2017 to 100% in March 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92%

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

10 46

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA23 23 | | TOWNHOMES TOWNHOMES

FMLS AREA 23 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 23 increased 29.2% on a year-over-year basis from 24 in March 2017 to 31 in March 2018. The number of new townhome listings in FMLS Area 23 increased 38.9% on a year-over-year basis from 18 in March 2017 to 25 in March 2018. The number of townhome sales in FMLS Area 23 increased 150% on a year-over-year basis from 8 in March 2017 to 20 in March 2018. The months of inventory for townhomes in FMLS Area 23 decreased 48.3% on a year-over-year basis from 3.0 months in March 2017 to 1.6 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 13.1%

+ 0.7%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 29.2%

+ 38.9%

+ 150%

- 48.3%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 10.4%

RATIO OF SP/OLP

+ 210%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | TOWNHOMES

47 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | TOWNHOMES

SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 23 increased 29.2% on a year-over-year basis from 24 in March 2017 to 31 in March 2018.

The number of new townhome listings in FMLS Area 23 increased 38.9% on a year-over-year basis from 18 in March 2017 to 25 in March 2018.

60

60

The number of townhome sales in FMLS Area 23 increased 150% on a year-over-year basis from 8 in March 2017 to 20 in March 2018.

48

48

36

36

24

24

12

12

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 23 decreased 48.3% on a yearover-year basis from 3.0 months in March 2017 to 1.6 months in March 2018.

10 8 6 4 2 0 3Q15

1Q16

www.evatlanta.com

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | TOWNHOMES ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | TOWNHOMES

12 48

MEDIAN SALE PRICE

+ 13.1%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for townhomes in FMLS Area 23 decreased 14.9% on a year-over-year basis from $587,450 in March 2017 to $282,000 in March 2018.

$900,000 $750,000 $600,000

The median sale price for townhomes in FMLS Area 23 increased 13.1% on a year-over-year basis from $530,000 in March 2017 to $599,450 in March 2018.

$450,000 $300,000 $150,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 10.4%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for townhomes in FMLS Area 23 decreased 1.9% on a year-over-year basis from $601,808 in March 2017 to $590,272 in March 2018.

$900,000 $750,000 $600,000

The average sale price for townhomes in FMLS Area 23 increased 10.4% on a year-over-year basis from $493,013 in March 2017 to $544,339 in March 2018.

$450,000 $300,000 $150,000 $0

3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | TOWNHOMES

49 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | TOWNHOMES

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 210% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 23 increased 210% on a year-over-year basis from 10 days in March 2017 to 31 days in March 2018.

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 0.7%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for townhomes in FMLS Area 23 increased 0.7% on a yearover-year basis from 98.8% in March 2017 to 99.5% in March 2018.

105.0% 102.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

99.0% 96.0% 93.0% 90.0% 3Q15

1Q16

3Q16

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA ATLANTA MARKET INTELLIGENCE | 1Q18 23| |SFD SFD MARKET INTELLIGENCE | 1Q18| FMLS | FMLS AREA AREA 23

10 50

FMLS AREA 23

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 23 increased 2.2% on a year-over-year basis from 136 in March 2017 to 139 in March 2018. The number of new SFD listings in FMLS Area 23 increased 8.6% on a year-over-year basis from 81 in March 2017 to 88 in March 2018. The number of SFD sales in FMLS Area 23 decreased 14.6% on a year-over-year basis from 41 in March 2017 to 35 in March 2018. The months of inventory for SFD in FMLS Area 23 increased 19.7% on a year-over-year basis from 3.3 months in March 2017 to 4 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

- 9.5%

+ 0.4%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 2.2%

+ 8.6%

- 14.6%

+ 19.7%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 1.3%

RATIO OF SP/OLP

+ 105.9%

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | SFD

51 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 23 increased 2.2% on a year-over-year basis from 136 in March 2017 to 139 in March 2018.

The number of new SFD listings in FMLS Area 23 increased 8.6% on a year-over-year basis from 81 in March 2017 to 88 in March 2018.

The number of SFD sales in FMLS Area 23 decreased 14.6% on a year-over-year basis from 41 in March 2017 to 35 in March 2018.

250

250

200

200

150

150

100

100

50

50

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY The months of inventory for SFD in FMLS Area 23 increased 19.7% on a year-over-year basis from 3.3 months in March 2017 to 4.0 months in March 2018.

10 8 6 4 2 0

3Q15

www.evatlanta.com

1Q16

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS 23 || SFD SFD ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLSAREA AREA 23

12 52

MEDIAN SALE PRICE

- 9.5%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 23 increased 6.1% on a year-over-year basis from $749,000 in March 2017 to $794,950 in March 2018.

$1,250,000 $1,000,000

The median sale price for SFD in FMLS Area 23 decreased 9.5% on a year-over-year basis from $695,000 in March 2017 to $629,000 in March 2018.

$750,000 $500,000 $250,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 1.3%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 23 increased 13.6% on a year-over-year basis from $823,520 in March 2017 to $935,552 in March 2018.

$1,250,000 $1,000,000

The average sale price for SFD in FMLS Area 23 increased 1.3% on a year-over-year basis from $774,514 in March 2017 to $784,288 in March 2018.

$750,000 $500,000 $250,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | SFD

53 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 23 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 105.9%

The median number of continuous days on market (CDOM) for SFD in FMLS Area 23 increased 105.9% on a yearover-year basis from 34 days in March 2017 to 70 days in March 2018.

120

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

RATIO OF SP/OLP

+ 0.4%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 23 increased 0.4% on a year-over-year basis from 96.3% in March 2017 to 96.7% in March 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92%

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

24

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24

56

FMLS AREA 24 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 85

First Multiple Listing Service (FMLS) Area 24 includes Atlanta’s eastside neighborhoods that fall within DeKalb County. It includes Druid Hills, Candler Park, Lake Claire, Edgewood, Kirkwood, East Atlanta and several other neighborhoods.

FMLS Area 24 is bound by the Fulton/DeKalb line to the west, and the City of Atlanta bounds to the east, north and south.

ATLANTA

www.evatlanta.com

57 9

ATLANTA MARKET MARKET INTELLIGENCE REPORT | 1Q18| FMLS | FMLS AREA AREA 24 ATLANTA INTELLIGENCE | 1Q18 24

FMLS AREA 24

SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 24 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 3 46 4 24 96% 1

$200K 2 $299K 1 80 7 26 99% 0

$300K 2 $399K 2 46 4 25 102% 1

$400K 2 $499K 8 15 1 85 96% 7

$500K 2 $599K 11 21 2 73 99% 7

$600K 2 $699K 3 8 1 50 102% 5

$700K 2 $799K 0 0 0 0 0% 0

$800K 2 $899K 0 0 0 0 0% 0

$900K 2 $999K 2 0 0 0 0% 0

$1M 2 $2M 0 0 0 0 0% 0

$2M 2 $5M 0 0 0 0 0% 0

AVG/ >:$5M 0 0 0 0 0% 0

TOTALS 30 216 18 34 99% 2

SOURCE: FMLS 2018; Area 24, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 24 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 4 47 4 34 94% 1

$200K 2 $299K 13 130 11 42 96% 1

$300K 2 $399K 12 189 16 28 99% 1

$400K 2 $499K 20 138 12 39 99% 2

$500K 2 $599K 27 81 7 54 99% 4

$600K 2 $699K 20 62 5 65 99% 4

$700K 2 $799K 8 29 2 33 99% 3

$800K 2 $899K 5 18 2 63 96% 3

$900K 2 $999K 6 6 1 52 98% 12

$1M 2 $2M 7 8 1 81 92% 11

$2M 2 $5M 1 0 0 0 0% 0

AVG/ >:$5M 0 0 0 0 0% 0

TOTALS 123 708 59 40 98% 2

SOURCE: FMLS 2018; Area 24, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

ENGEL & VÖLKERS ATLANTA

www.evatlanta.com

www.evatlanta.com

ATLANTA

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA24 24 | | CONDOS CONDOS

10 58

FMLS AREA 24 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 24 decreased 33.3% on a year-over-year basis from 9 in March 2017 to 6 in March 2018. The number of new condo listings in FMLS Area 24 increased 27.3% on a year-over-year basis from 11 in March 2017 to 14 in March 2018. The number of condo sales in FMLS Area 24 increased 44.4% on a year-over-year basis from 9 in March 2017 to 13 in March 2018. The months of inventory for condos in FMLS Area 24 decreased 53.8% on a year-over-year basis from 1.0 months in March 2017 to 0.5 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 35.3%

+ 2.5%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 33.3%

+ 27.3%

+ 44.4%

- 53.8%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 11.7%

RATIO OF SP/OLP

- 69.2%

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24 | CONDOS

59 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 24 decreased 33.3% on a year-over-year basis from 9 in March 2017 to 6 in March 2018.

The number of new condo listings in FMLS Area 24 increased 27.3% on a year-over-year basis from 11 in March 2017 to 14 in March 2018.

50

50

The number of condo sales in FMLS Area 24 increased 44.4% on a year-over-year basis from 9 in March 2017 to 13 in March 2018.

40

40

30

30

20

20

10

10

0

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

MONTHS OF INVENTORY

10

The months of inventory for condos in FMLS Area 24 decreased 53.8% on a year-overyear basis from 1.0 months in March 2017 to 0.5 months in March 2018.

8 6 4 2 0

3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24 24 || CONDOS CONDOS

12 60

MEDIAN SALE PRICE

+ 35.3%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for condos in FMLS Area 24 increased 4.1% on a year-over-year basis from $209,000 in March 2017 to $217,500 in March 2018.

$750,000 $600,000

The median sale price for condos in FMLS Area 24 increased 35.3% on a year-over-year basis from $212,900 in March 2017 to $288,000 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 11.7%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$900,000

The average list price for condos in FMLS Area 24 increased 23.5% on a year-over-year basis from $223,973 in March 2017 to $276,657 in March 2018.

$750,000 $600,000

The average sale price for condos in FMLS Area 24 increased 11.7% on a year-over-year basis from $235,956 in March 2017 to $263,562 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24 | CONDOS

61 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 69.2% 120

The median number of continuous days on market (CDOM) for condos in FMLS Area 24 decreased 69.2% on a yearover-year basis from 13 days in March 2017 to 4 days in March 2018.

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 2.5%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102%

The ratio of SP/OLP for condos in FMLS Area 24 increased 2.5% on a year-overyear basis from 99.5% in March 2017 to 102% in March 2018.

100% 98%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96% 94% 92%

3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

10 62

ATLANTA MARKET | 1Q18 | FMLS AREA ATLANTA INTELLIGENCE MARKET INTELLIGENCE | 1Q18 | FMLS AREA24 24 | | TOWNHOMES TOWNHOMES

FMLS AREA 24 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 24 increased 7.4% on a year-over-year basis from 27 in March 2017 to 29 in March 2018. The number of new townhome listings in FMLS Area 24 increased 16.7% on a year-over-year basis from 18 in March 2017 to 21 in March 2018. The number of townhome sales in FMLS Area 24 decreased 71.4% on a year-over-year basis from 7 in March 2017 to 2 in March 2018. The months of inventory for townhomes in FMLS Area 24 increased 275.9% on a year-over-year basis from 3.9 months in March 2017 to 14.5 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

- 8.7%

+ 2.4%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 7.4%

+ 16.7%

- 71.4%

+ 275.9%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 10.6%

RATIO OF SP/OLP

+ 66.7%

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24 | TOWNHOMES

63 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24 | TOWNHOMES

SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 24 increased 7.4% on a year-over-year basis from 27 in March 2017 to 29 in March 2018.

50

The number of new townhome listings in FMLS Area 24 increased 16.7% on a year-over-year basis from 18 in March 2017 to 21 in March 2018.

50

40

The number of townhome sales in FMLS Area 24 decreased 71.4% on a year-over-year basis from 7 in March 2017 to 2 in March 2018.

40

30

30

20

20

10

10

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY 16

The months of inventory for townhomes in FMLS Area 24 increased 275.9% on a yearover-year basis from 3.9 months in March 2017 to 14.5 months in March 2018.

12 8 4 0 3Q15

www.evatlanta.com

1Q16

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET | 1Q18 | FMLS AREA ATLANTA INTELLIGENCE MARKET INTELLIGENCE | 1Q18 | FMLS AREA24 24 | | TOWNHOMES TOWNHOMES

12 64

MEDIAN SALE PRICE

- 8.7%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for townhomes in FMLS Area 24 increased 4.8% on a year-over-year basis from $486,500 in March 2017 to $509,900 in March 2018.

$900,000 $750,000 $600,000

The median sale price for townhomes in FMLS Area 24 decreased 8.7% on a year-over-year basis from $355,000 in March 2017 to $324,000 in March 2018.

$450,000 $300,000 $150,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

- 10.6%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for townhomes in FMLS Area 24 increased 19.3% on a year-over-year basis from $437,957 in March 2017 to $522,371 in March 2018.

$900,000 $750,000 $600,000

The average sale price for townhomes in FMLS Area 24 decreased 10.6% on a year-overyear basis from $362,502 in March 2017 to $324,000 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24 | TOWNHOMES

65 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24 | TOWNHOMES

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 66.7% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 24 increased 66.7% on a year-over-year basis from 6 days in March 2017 to 10 days in March 2018.

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 2.4%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for townhomes in FMLS Area 24 increased 2.4% on a yearover-year basis from 100.2% in March 2017 to 102.6% in March 2018.

104.0% 102.0% 100.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98.0% 96.0% 94.0% 92.0% 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA ATLANTA MARKET INTELLIGENCE | 1Q18 SFD MARKET INTELLIGENCE | 1Q18| FMLS | FMLS AREA AREA 2424| |SFD

10 66

FMLS AREA 24

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 24 increased 9.4% on a year-over-year basis from 117 in March 2017 to 128 in March 2018. The number of new SFD listings in FMLS Area 24 decreased 29.8% on a year-over-year basis from 121 in March 2017 to 85 in March 2018. The number of SFD sales in FMLS Area 24 decreased 13.2% on a year-overyear basis from 68 in March 2017 to 59 in March 2018. The months of inventory for SFD in FMLS Area 24 increased 26.1% on a year-over-year basis from 1.7 months in March 2017 to 2.2 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 9.4%

- 29.8%

- 13.2%

+ 26.1%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 8.5%

- 1.1%

- 1%

+ 200%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24 | SFD

67 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 24 increased 9.4% on a year-over-year basis from 117 in March 2017 to 128 in March 2018.

The number of new SFD listings in FMLS Area 24 decreased 29.8% on a year-over-year basis from 121 in March 2017 to 85 in March 2018.

250

250

The number of SFD sales in FMLS Area 24 decreased 13.2% on a year-over-year basis from 68 in March 2017 to 59 in March 2018.

200

200

150

150

100

100

50

50

0

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

MONTHS OF INVENTORY The months of inventory for SFD in FMLS Area 24 increased 26.1% on a year-over-year basis from 1.7 months in March 2017 to 2.2 months in March 2018.

10 8 6 4 2 0 3Q15

www.evatlanta.com

1Q16

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 1Q18 | FMLS 24| |SFD SFD INTELLIGENCE | 1Q18 | FMLSAREA AREA 24

12 68

MEDIAN SALE PRICE

+ 8.5%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 24 increased 33.8% on a year-over-year basis from $399,900 in March 2017 to $535,000 in March 2018.

$900,000 $750,000 $600,000

The median sale price for SFD in FMLS Area 24 increased 8.5% on a year-over-year basis from $414,950 in March 2017 to $450,200 in March 2018.

$450,000 $300,000 $150,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

- 1.1%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 24 increased 30.2% on a year-over-year basis from $439,443 in March 2017 to $572,020 in March 2018.

$900,000 $750,000 $600,000

The average sale price for SFD in FMLS Area 24 decreased 1.1% on a year-over-year basis from $459,934 in March 2017 to $454,773 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24 | SFD

69 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 24 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 200%

The median number of continuous days on market (CDOM) for SFD in FMLS Area 24 increased 200% on a year-overyear basis from 8 days in March 2017 to 24 days in March 2018.

120

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 1%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 24 decreased 1.0% on a year-over-year basis from 100% in March 2017 to 99% in March 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92% 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

51

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51

72

FMLS AREA 51 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 85

First Multiple Listing Service (FMLS) Area 51 encompasses the DeKalb County municipalities of Brookhaven, Chamblee and Doraville. It includes Ashford Park, North Brookhaven, Keswick Forest and numerous other neighborhoods. FMLS Area 51 is bound by the Fulton/DeKalb line to the west, I-85 to the east and south, and I-285 to the north.

ATLANTA

www.evatlanta.com

ATLANTA MARKET INTELLIGENCE REPORT | 1Q18 | FMLS AREA 51 ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51

73

9

FMLS AREA 51

SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 51 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 2 149 12 31 95% 0

$200K 2 $299K 15 167 14 21 99% 1

$300K 2 $399K 5 76 6 29 98% 1

$400K 2 $499K 34 87 7 89 98% 5

$500K 2 $599K 28 49 4 85 98% 7

$600K 2 $699K 1 16 1 53 99% 1

$700K 2 $799K 2 14 1 112 102% 2

$800K 2 $899K 8 4 0 47 96% 24

$900K 2 $999K 4 1 0 0 101% 48

$1M 2 $2M 0 5 0 86 95% 0

$2M 2 $5M 0 0 0 0 0% 0

AVG/ >:$5M 0 0 0 0 0% 0

TOTALS 99 568 47 41 98% 2

SOURCE: FMLS 2018; Area 51, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 51 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 1 18 2 27 66% 0

$200K 2 $299K 4 95 8 31 95% 1

$300K 2 $399K 15 178 15 40 96% 1

$400K 2 $499K 20 150 13 38 97% 2

$500K 2 $599K 25 114 10 51 97% 3

$600K 2 $699K 19 92 8 88 96% 2

$700K 2 $799K 31 74 6 91 96% 5

$800K 2 $899K 17 49 4 73 97% 4

$900K 2 $999K 19 25 2 110 98% 9

$1M 2 $2M 29 19 2 101 95% 18

$2M 2 $5M 2 1 0 11 94% 24

AVG/ >:$5M 0 0 0 0 0% 0

TOTALS 182 815 68 55 96% 3

SOURCE: FMLS 2018; Area 51, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

ENGEL & VÖLKERS ATLANTA

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www.evatlanta.com

ATLANTA

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA51 51 || CONDOS CONDOS

10 74

FMLS AREA 51 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 51 decreased 53.1% on a year-over-year basis from 32 in March 2017 to 15 in March 2018. The number of new condo listings in FMLS Area 51 decreased 63.9% on a year-over-year basis from 36 in March 2017 to 13 in March 2018. The number of condo sales in FMLS Area 51 increased 28.6% on a yearover-year basis from 21 in March 2017 to 27 in March 2018. The months of inventory for condos in FMLS Area 51 decreased 63.5% on a year-over-year basis from 1.5 months in March 2017 to 0.6 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 0.5%

+ 1.3%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 53.1%

- 63.9%

+ 28.6%

- 63.5%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 26.3%

RATIO OF SP/OLP

- 73.3%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | CONDOS

75 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 51 decreased 53.1% on a year-over-year basis from 32 in March 2017 to 15 in March 2018.

The number of new condo listings in FMLS Area 51 decreased 63.9% on a year-over-year basis from 36 in March 2017 to 16 in March 2018.

The number of condo sales in FMLS Area 51 increased 28.6% on a year-over-year basis from 21 in March 2017 to 27 in March 2018.

100

100

80

80

60

60

40

40

20

20

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY 10

The months of inventory for condos in FMLS Area 51 decreased 63.5% on a year-overyear basis from 1.5 months in March 2017 to 0.6 months in March 2018.

8 6 4 2 0 3Q15

1Q16

3Q16

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | CONDOS ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | CONDOS

12 76

MEDIAN SALE PRICE

+ 0.5%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for condos in FMLS Area 51 increased 14% on a year-over-year basis from $204,450 in March 2017 to $233,000 in March 2018.

$900,000 $750,000 $600,000

The median sale price for condos in FMLS Area 51 increased 0.5% on a year-over-year basis from $215,000 in March 2017 to $216,000 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 26.3%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for condos in FMLS Area 51 increased 17.8% on a year-over-year basis from $225,864 in March 2017 to $266,177 in March 2018.

$900,000 $750,000 $600,000

The average sale price for condos in FMLS Area 51 increased 26.3% on a year-over-year basis from $228,929 in March 2017 to $289,185 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | CONDOS

77 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 73.3%

The median number of continuous days on market (CDOM) for condos in FMLS Area 51 decreased 73.3% on a yearover-year basis from 15 days in March 2017 to 4 days in March 2018.

120

90

60

30

0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 1.3%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for condos in FMLS Area 51 increased 1.3% on a year-overyear basis from 98.7% in March 2017 to 100% in March 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92% 3Q15

1Q16

3Q16

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

10 78

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA51 51 || TOWNHOMES TOWNHOMES

FMLS AREA 51 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 51 increased 21.1% on a year-over-year basis from 71 in March 2017 to 86 in March 2018. The number of new townhome listings in FMLS Area 51 increased 50% on a year-over-year basis from 36 in March 2017 to 54 in March 2018. The number of townhome sales in FMLS Area 51 increased 40% on a year-over-year basis from 25 in March 2017 to 35 in March 2018. The months of inventory for townhomes in FMLS Area 51 decreased 13.5% on a year-over-year basis from 2.8 months in March 2017 to 2.5 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 21.1%

+ 50%

+ 40%

- 13.5%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 23.3%

+ 28.5%

- 0.8%

+ 1114%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | TOWNHOMES

79 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | TOWNHOMES

SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 51 increased 21.1% on a year-over-year basis from 71 in March 2017 to 86 in March 2018.

120

100

The number of new townhome listings in FMLS Area 51 increased 50% on a year-over-year basis from 36 in March 2017 to 54 in March 2018.

120

The number of townhome sales in FMLS Area 51 increased 40% on a year-over-year basis from 25 in March 2017 to 35 in March 2018.

100

80

80

60

60

40

40

20

20

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 51 decreased 13.5% on a yearover-year basis from 2.8 months in March 2017 to 2.5 months in March 2018.

10 8 6 4 2 0

3Q15

1Q16

www.evatlanta.com

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET | 1Q18 | FMLS AREA ATLANTA INTELLIGENCE MARKET INTELLIGENCE | 1Q18 | FMLS AREA51 51 | | TOWNHOMES TOWNHOMES

12 80

MEDIAN SALE PRICE

+ 23.3%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for townhomes in FMLS Area 51 decreased 2.3% on a year-over-year basis from $486,785 in March 2017 to $475,406 in March 2018.

$750,000 $600,000 $450,000

The median sale price for townhomes in FMLS Area 51 increased 23.3% on a year-over-year basis from $352,000 in March 2017 to $433,990 in March 2018.

$300,000 $150,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 28.5%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for townhomes in FMLS Area 51 decreased 11% on a year-over-year basis from $502,127 in March 2017 to $446,683 in March 2018.

$750,000 $600,000 $450,000

The average sale price for townhomes in FMLS Area 51 increased 28.5% on a year-over-year basis from $361,117 in March 2017 to $464,186 in March 2018.

$300,000 $150,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | TOWNHOMES

81 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | TOWNHOMES

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 1114% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 51 increased 1114% on a year-over-year basis from 7 days in March 2017 to 85 days in March 2018.

90

60

30

0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 0.8%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for townhomes in FMLS Area 51 decreased 0.8% on a yearover-year basis from 98.4% in March 2017 to 97.6% in March 2018.

100.0%

97.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

94.0%

91.0%

88.0% 3Q15

1Q16

3Q16

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

10 82

INTELLIGENCE | 1Q18| FMLS | FMLS AREA AREA 51 ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 1Q18 51| |SFD SFD

FMLS AREA 51

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 51 decreased 9% on a year-over-year basis from 211 in March 2017 to 192 in March 2018. The number of new SFD listings in FMLS Area 51 decreased 15% on a year-over-year basis from 147 in March 2017 to 125 in March 2018. The number of SFD sales in FMLS Area 51 decreased 7.3% on a year-over-year basis from 95 in March 2017 to 76 in March 2018. The months of inventory for SFD in FMLS Area 51 decreased 1.8% on a year-over-year basis from 2.6 months in March 2017 to 2.5 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 22.1%

+/- 0%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 9%

- 15%

- 7.3%

- 1.8%

ENGEL & VÖLKERS ATLANTA ATLANTA

+ 11.2%

RATIO OF SP/OLP

+ 35.3%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | SFD

83 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 51 decreased 9% on a year-over-year basis from 117 in March 2017 to 128 in March 2018.

The number of new SFD listings in FMLS Area 51 decreased 15% on a year-over-year basis from 147 in March 2017 to 125 in March 2018.

The number of SFD sales in FMLS Area 51 decreased 7.3% on a year-over-year basis from 82 in March 2017 to 76 in March 2018.

400

400

300

300

200

200

100

100

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY The months of inventory for SFD in FMLS Area 51 decreased 1.8% on a year-over-year basis from 2.6 months in March 2017 to 2.5 months in March 2018.

10 8 6 4 2 0

3Q15

www.evatlanta.com

1Q16

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 1Q18 | FMLS 51 | | SFD SFD INTELLIGENCE | 1Q18 | FMLSAREA AREA 51

12 84

MEDIAN SALE PRICE

+ 22.1%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 51 increased 24% on a year-over-year basis from $524,000 in March 2017 to $650,000 in March 2018.

$900,000 $750,000 $600,000

The median sale price for SFD in FMLS Area 51 increased 22.1% on a year-over-year basis from $476,000 in March 2017 to $581,000 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 11.2%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 51 increased 15.4% on a year-over-year basis from $591,598 in March 2017 to $682,629 in March 2018.

$900,000 $750,000 $600,000

The average sale price for SFD in FMLS Area 51 increased 11.2% on a year-over-year basis from $542,781 in March 2017 to $603,530 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | SFD

85 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 51 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 35.3%

The median number of continuous days on market (CDOM) for SFD in FMLS Area 51 increased 35.3% on a yearover-year basis from 17 days in March 2017 to 23 days in March 2018.

120

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+/- 0%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 51 so no change on a year-over-year basis from 98.8% in March 2017 to 98.8% in March 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92% 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

52

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52

88

FMLS AREA 52 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 85

First Multiple Listing Service (FMLS) Area 52 includes the DeKalb County municipalities of Decatur and Avondale Estates, as well as portions of unincorporated DeKalb County. It includes and numerous other neighborhoods. FMLS Area 52 is bound by I-285 to the east, the City of Atlanta line to the west, I-85 to the north, and I-20 to the south.

ATLANTA

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ATLANTA MARKET INTELLIGENCE REPORT | 1Q18 | FMLS AREA 52

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52

89

9

FMLS AREA 52

SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 52 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 33 340 28 28 96% 1

$200K 2 $299K 7 147 12 38 100% 1

$300K 2 $399K 4 76 6 27 98% 1

$400K 2 $499K 9 94 8 69 97% 1

$500K 2 $599K 9 20 2 186 97% 6

$600K 2 $699K 1 26 2 108 99% 0

$700K 2 $799K 1 6 1 62 106% 2

$800K 2 $899K 6 0 0 0 0% 0

$900K 2 $999K 2 0 0 0 0% 0

$1M 2 $2M 0 0 0 0 0% 0

$2M 2 $5M 0 0 0 0 0% 0

AVG/ >:$5M 0 0 0 0 0% 0

TOTALS 72 709 59 43 98% 1

SOURCE: FMLS 2018; Area 52, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 52 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 44 572 48 49 92% 1

$200K 2 $299K 65 452 38 38 97% 2

$300K 2 $399K 61 437 36 38 97% 2

$400K 2 $499K 59 331 28 44 97% 3

$500K 2 $599K 60 220 18 45 98% 3

$600K 2 $699K 33 129 11 55 96% 3

$700K 2 $799K 23 85 7 82 97% 3

$800K 2 $899K 21 80 7 64 97% 3

$900K 2 $999K 13 33 3 94 92% 5

$1M 2 $2M 32 46 4 93 97% 8

$2M 2 $5M 5 2 0 187 91% 30

AVG/ >:$5M 0 0 0 0 0% 0

TOTALS 416 2387 199 48 96% 2

SOURCE: FMLS 2018; Area 52, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

ENGEL & VÖLKERS ATLANTA

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ATLANTA

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA52 52 || CONDOS CONDOS

10 90

FMLS AREA 52 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 52 decreased 25% on a year-over-year basis from 36 in March 2017 to 27 in March 2018. The number of new condo listings in FMLS Area 52 decreased 17% on a year-over-year basis from 47 in March 2017 to 39 in March 2018. The number of condo sales in FMLS Area 52 saw no change on a year-over-year basis from 37 in March 2017 to 37 in March 2018. The months of inventory for condos in FMLS Area 52 decreased 25% on a year-over-year basis from 1.0 months in March 2017 to 0.7 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+/- 0%

+ 1.6%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 25%

- 17%

+/- 0%

- 25%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 1.6%

RATIO OF SP/OLP

- 73.7%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52 | CONDOS

91 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 52 decreased 25% on a year-over-year basis from 32 in March 2017 to 15 in March 2018.

The number of new condo listings in FMLS Area 52 decreased 17% on a year-over-year basis from 36 in March 2017 to 16 in March 2018.

The number of condo sales in FMLS Area 52 saw no relative change on a year-over-year basis from 37 in March 2017 to 37 in March 2018.

125

125

100

100

75

75

50

50

25

25

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY 10

The months of inventory for condos in FMLS Area 52 decreased 25% on a year-over-year basis from 1.0 months in March 2017 to 0.7 months in March 2018.

8 6 4 2 0 3Q15

1Q16

3Q16

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS CONDOS ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLSAREA AREA 52 52 || CONDOS

12 92

MEDIAN SALE PRICE

+/- 0%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for condos in FMLS Area 52 increased 15.2% on a year-over-year basis from $164,900 in March 2017 to $190,000 in March 2018.

$900,000 $750,000 $600,000

The median sale price for condos in FMLS Area 52 stayed constant on a year-over-year basis from $175,000 in March 2017 to $175,000 in March 2018.

$450,000 $300,000 $150,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 1.6%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for condos in FMLS Area 52 increased 7% on a year-over-year basis from $206,093 in March 2017 to $220,479 in March 2018.

$900,000 $750,000 $600,000

The average sale price for condos in FMLS Area 52 increased 1.6% on a year-over-year basis from $196,516 in March 2017 to $199,618 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52 | CONDOS

93 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 73.7%

The median number of continuous days on market (CDOM) for condos in FMLS Area 52 decreased 73.7% on a yearover-year basis from 19 days in March 2017 to 5 days in March 2018.

120

90

60

30

0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

RATIO OF SP/OLP

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

+ 1.6%

The ratio of SP/OLP for condos in FMLS Area 52 increased 1.6% on a year-overyear basis from 97.4% in March 2017 to 99% in March 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92% 3Q15

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1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

10 94

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA52 52 || TOWNHOMES TOWNHOMES

FMLS AREA 52 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 52 decreased 45.1% on a year-over-year basis from 71 in March 2017 to 39 in March 2018. The number of new townhome listings in FMLS Area 52 decreased 60.5% on a year-over-year basis from 43 in March 2017 to 17 in March 2018. The number of townhome sales in FMLS Area 52 decreased 50% on a year-over-year basis from 42 in March 2017 to 21 in March 2018. The months of inventory for townhomes in FMLS Area 52 increased 9.9% on a year-over-year basis from 1.7 months in March 2017 to 1.9 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 29.2%

+ 1.5%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 45.1%

- 60.5%

- 50%

+ 9.9%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 16.6%

RATIO OF SP/OLP

- 92.8%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52 | TOWNHOMES

95 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52 | TOWNHOMES

SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 52 decreased 45.1% on a year-over-year basis from 71 in March 2017 to 39 in March 2018.

150

The number of new townhome listings in FMLS Area 52 decreased 60.5% on a year-over-year basis from 43 in March 2017 to 17 in March 2018.

150

120

The number of townhome sales in FMLS Area 52 decreased 50% on a year-over-year basis from 42 in March 2017 to 21 in March 2018.

120

90

90

60

60

30

30

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY 10

The months of inventory for townhomes in FMLS Area 52 increased 9.9% on a yearover-year basis from 1.7 months in March 2017 to 1.9 months in March 2018.

8 6 4 2 0 3Q15

1Q16

www.evatlanta.com

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA52 52 | | TOWNHOMES TOWNHOMES

12 96

MEDIAN SALE PRICE

+ 29.2%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$750,000

The median list price for townhomes in FMLS Area 52 decreased 23% on a year-over-year basis from $369,900 in March 2017 to $285,000 in March 2018.

$600,000 $450,000

The median sale price for townhomes in FMLS Area 52 increased 12.1% on a year-over-year basis from $315,000 in March 2017 to $407,000 in March 2018.

$300,000 $150,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 16.6%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$750,000

The average list price for townhomes in FMLS Area 52 decreased 23% on a year-over-year basis from $380,669 in March 2017 to $293,682 in March 2018.

$600,000 $450,000

The average sale price for townhomes in FMLS Area 52 increased 16.6% on a year-over-year basis from $314,648 in March 2017 to $366,812 in March 2018.

$300,000 $150,000 $0

3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52 | TOWNHOMES

97 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52 | TOWNHOMES

MEDIAN CDOM

- 92.8%

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 52 decreased 92.8% on a year-over-year basis from 111 days in March 2017 to 8 days in March 2018.

90

60

30

0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 1.5%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

100.0%

The ratio of SP/OLP for townhomes in FMLS Area 52 increased 1.5% on a yearover-year basis from 97.8% in March 2017 to 99.3% in March 2018.

97.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

94.0%

91.0%

88.0% 3Q15

1Q16

3Q16

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ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 1Q18 52| |SFD SFD INTELLIGENCE | 1Q18| FMLS | FMLS AREA AREA 52

10 98

FMLS AREA 52

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 52 decreased 14.1% on a year-over-year basis from 481 in March 2017 to 413 in March 2018. The number of new SFD listings in FMLS Area 52 decreased 8.3% on a year-over-year basis from 374 in March 2017 to 343 in March 2018. The number of SFD sales in FMLS Area 52 decreased 19.5% on a year-overyear basis from 95 in March 2017 to 76 in March 2018. The months of inventory for SFD in FMLS Area 52 increased 6.7% on a year-over-year basis from 2.0 months in March 2017 to 2.1 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 20%

+ 0.6%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 14.1%

- 8.3%

- 19.5%

+ 6.7%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 14.2%

RATIO OF SP/OLP

- 54.8%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52 | SFD

99 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 52 decreased 14.1% on a year-over-year basis from 481 in March 2017 to 413 in March 2018.

The number of new SFD listings in FMLS Area 52 decreased 8.3% on a year-over-year basis from 374 in March 2017 to 343 in March 2018.

The number of SFD sales in FMLS Area 52 decreased 19.5% on a year-over-year basis from 246 in March 2017 to 198 in March 2018.

800

800

600

600

400

400

200

200

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY The months of inventory for SFD in FMLS Area 52 increased 6.7% on a year-over-year basis from 2.0 months in March 2017 to 2.1 months in March 2018.

10 8 6 4 2 0

3Q15

www.evatlanta.com

1Q16

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 1Q18 | FMLS 52 | | SFD SFD INTELLIGENCE | 1Q18 | FMLSAREA AREA 52

12100

MEDIAN SALE PRICE

+ 20%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 52 increased 5% on a year-over-year basis from $399,000 in March 2017 to $419,000 in March 2018.

$900,000 $750,000 $600,000

The median sale price for SFD in FMLS Area 52 increased 20% on a year-over-year basis from $313,323 in March 2017 to $376,000 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 14.2%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 52 increased 6.8% on a year-over-year basis from $452,444 in March 2017 to $483,174 in March 2018.

$900,000 $750,000 $600,000

The average sale price for SFD in FMLS Area 52 increased 14.2% on a year-over-year basis from $362,893 in March 2017 to $414,401 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52 | SFD

101 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 52 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 54.8%

The median number of continuous days on market (CDOM) for SFD in FMLS Area 52 decreased 54.8% on a yearover-year basis from 31 days in March 2017 to 14 days in March 2018.

120

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 0.6%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 52 increased 0.6% on a year-over-year basis from 97.8% in March 2017 to 98.4% in March 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92% 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

71

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71

104

FMLS AREA 71 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 85

First Multiple Listing Service (FMLS) Area 71 includes the easternmost portion of Cobb County that falls within I-285. It includes Cumberland, Vinings and several other neighborhoods. FMLS Area 71 is bound by I-285 to the west, the Chattahoochee River to the east, north and south.

ATLANTA

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ATLANTA MARKET MARKET INTELLIGENCE REPORT | 1Q18| FMLS | FMLS AREA AREA 71 ATLANTA INTELLIGENCE | 1Q18 71

105

9

FMLS AREA 71

SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 71 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 4 102 9 30 98% 1

$200K 2 $299K 12 161 13 36 98% 1

$300K 2 $399K 4 69 6 42 98% 1

$400K 2 $499K 3 23 2 134 96% 2

$500K 2 $599K 3 9 1 40 95% 9

$600K 2 $699K 2 9 1 59 94% 3

$700K 2 $799K 1 3 0 19 97% 4

$800K 2 $899K 1 3 0 79 94% 4

$900K 2 $999K 3 5 0 122 97% 7

$1M 2 $2M 6 4 0 26 94% 18

$2M 2 $5M 1 0 0 0 0% 0

AVG/ >:$5M 0 0 0 0 0% 0

TOTALS 40 388 32 44 97% 1

SOURCE: FMLS 2018; Area 71, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 71 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 3 59 5 26 97% 1

$200K 2 $299K 7 37 3 37 97% 2

$300K 2 $399K 5 20 2 35 95% 3

$400K 2 $499K 3 16 1 36 99% 3

$500K 2 $599K 6 11 1 80 96% 6

$600K 2 $699K 2 8 1 109 94% 3

$700K 2 $799K 2 6 1 30 96% 4

$800K 2 $899K 6 3 0 55 100% 24

$900K 2 $999K 6 1 0 137 98% 72

$1M 2 $2M 15 15 1 105 93% 12

$2M 2 $5M 3 0 0 0 0% 0

AVG/ >:$5M 0 0 0 0 0% 0

TOTALS 58 176 15 46 95% 4

SOURCE: FMLS 2018; Area 71, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

ENGEL & VÖLKERS ATLANTA

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ATLANTA

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA71 71 || CONDOS CONDOS

10106

FMLS AREA 71 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 71 decreased 55% on a year-over-year basis from 40 in March 2017 to 18 in March 2018. The number of new condo listings in FMLS Area 71 decreased 30.3% on a year-over-year basis from 33 in March 2017 to 23 in March 2018. The number of condo sales in FMLS Area 71 decreased 31.8% on a year-overyear basis from 22 in March 2017 to 15 in March 2018. The months of inventory for condos in FMLS Area 71 decreased 34% on a year-over-year basis from 1.8 months in March 2017 to 1.2 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 43.8%

+ 0.3%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 55%

- 30.3%

- 31.8%

- 34%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 17%

RATIO OF SP/OLP

- 41.7%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | CONDOS

107 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 71 decreased 55% on a year-over-year basis from 40 in March 2017 to 18 in March 2018.

The number of new condo listings in FMLS Area 71 decreased 30.3% on a year-over-year basis from 33 in March 2017 to 23 in March 2018.

The number of condo sales in FMLS Area 71 decreased 31.8% on a year-over-year basis from 22 in March 2017 to 15 in March 2018.

80

80

60

60

40

40

20

20

0

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

MONTHS OF INVENTORY

10

The months of inventory for condos in FMLS Area 71 decreased 34% on a year-over-year basis from 1.8 months in March 2017 to 1.2 months in March 2018.

8 6 4 2 0 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA71 71 || CONDOS CONDOS

12108

MEDIAN SALE PRICE

+ 43.8%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for condos in FMLS Area 71 increased 61.9% on a year-over-year basis from $169,900 in March 2017 to $275,000 in March 2018.

$900,000 $750,000 $600,000

The median sale price for condos in FMLS Area 71 increased 43.8% on a year-over-year basis from $156,500 in March 2017 to $225,000 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 17%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for condos in FMLS Area 71 increased 68% on a year-over-year basis from $234,142 in March 2017 to $393,296 in March 2018.

$900,000 $750,000 $600,000

The average sale price for condos in FMLS Area 71 increased 17% on a year-over-year basis from $243,229 in March 2017 to $284,520 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | CONDOS

109 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 41.7%

The median number of continuous days on market (CDOM) for condos in FMLS Area 71 decreased 41.7% on a yearover-year basis from 24 days in March 2017 to 14 days in March 2018.

120

90

60

30

0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 0.3%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for condos in FMLS Area 71 increased 0.3% on a year-overyear basis from 98.3% in March 2017 to 98.6% in March 2018.

102% 100% 98%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96% 94% 92% 90% 3Q15

1Q16

3Q16

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ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

10110

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA71 71 || TOWNHOMES TOWNHOMES

FMLS AREA 71 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 71 saw no change on a year-over-year basis from 27 in March 2017 to 27 in March 2018. The number of new townhome listings in FMLS Area 71 increased 22.2% on a year-over-year basis from 27 in March 2017 to 33 in March 2018. The number of townhome sales in FMLS Area 71 increased 33.3% on a year-over-year basis from 15 in March 2017 to 20 in March 2018. The months of inventory for townhomes in FMLS Area 71 decreased 25% on a year-over-year basis from 1.8 months in March 2017 to 1.4 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+/- 0%

+ 22.2%

+ 33.3%

- 25%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 12.1%

+ 23.6%

- 0.5%

+ 16.7%

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | TOWNHOMES

111 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | TOWNHOMES

SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 71 stayed constant on a year-over-year basis from 27 in March 2017 to 27 in March 2018.

The number of new townhome listings in FMLS Area 71 increased 22.2% on a year-over-year basis from 27 in March 2017 to 33 in March 2018.

100

100

The number of townhome sales in FMLS Area 71 increased 33.3% on a year-over-year basis from 15 in March 2017 to 20 in March 2018.

75

75

50

50

25

25

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 71 decreased 25% on a yearover-year basis from 1.8 months in March 2017 to 1.4 months in March 2018.

10 8 6 4 2 0

3Q15

1Q16

www.evatlanta.com

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | TOWNHOMES ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | TOWNHOMES

12112

MEDIAN SALE PRICE

+ 12.1%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$750,000

The median list price for townhomes in FMLS Area 71 decreased 15.2% on a year-over-year basis from $347,900 in March 2017 to $295,000 in March 2018.

$600,000 $450,000

The median sale price for townhomes in FMLS Area 71 increased 12.1% on a year-over-year basis from $280,000 in March 2017 to $314,000 in March 2018.

$300,000 $150,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 23.6%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$750,000

The average list price for townhomes in FMLS Area 71 decreased 7.1% on a year-over-year basis from $430,022 in March 2017 to $399,579 in March 2018.

$600,000 $450,000

The average sale price for townhomes in FMLS Area 71 increased 23.6% on a year-over-year basis from $280,653 in March 2017 to $347,007 in March 2018.

$300,000 $150,000 $0

3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | TOWNHOMES

113 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | TOWNHOMES

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 16.7% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 71 increased 16.7% on a year-over-year basis from 12 days in March 2017 to 14 days in March 2018.

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 0.5%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for townhomes in FMLS Area 71 decreased 0.5% on a yearover-year basis from 98.6% in March 2017 to 98.1% in March 2018.

102.0% 100.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98.0% 96.0% 94.0% 92.0%

3Q15

1Q16

3Q16

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA ATLANTA MARKET INTELLIGENCE | 1Q18 71| |SFD SFD MARKET INTELLIGENCE | 1Q18| FMLS | FMLS AREA AREA 71

10114

FMLS AREA 71

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 71 increased 66.7% on a year-over-year basis from 33 in March 2017 to 55 in March 2018. The number of new SFD listings in FMLS Area 71 increased 73.9% on a year-over-year basis from 23 in March 2017 to 40 in March 2018. The number of SFD sales in FMLS Area 71 increased 37.5% on a year-over-year basis from 8 in March 2017 to 11 in March 2018. The months of inventory for SFD in FMLS Area 71 increased 21.2% on a year-over-year basis from 3.3 months in March 2017 to 4 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 66.7%

+ 73.9%

+ 37.5%

+ 21.2%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 22.9%

- 40.3%

+ 10%

- 96.1%

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | SFD

115 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 71 increased 66.7% on a year-over-year basis from 33 in March 2017 to 55 in March 2018.

The number of new SFD listings in FMLS Area 71 increased 73.9% on a year-over-year basis from 23 in March 2017 to 40 in March 2018.

100

100

The number of SFD sales in FMLS Area 71 increased 37.5% on a year-over-year basis from 8 in March 2017 to 11 in March 2018.

80

80

60

60

40

40

20

20

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY The months of inventory for SFD in FMLS Area 71 increased 21.2% on a year-over-year basis from 4.1 months in March 2017 to 5.0 months in March 2018.

16 12 8 4 0

3Q15

www.evatlanta.com

1Q16

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 1Q18 | FMLS 71 | | SFD SFD INTELLIGENCE | 1Q18 | FMLSAREA AREA 71

12116

MEDIAN SALE PRICE

- 22.9%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 71 decreased 16.9% on a year-over-year basis from $399,900 in March 2017 to $332,245 in March 2018.

$1,200,000 $1,000,000 $800,000

The median sale price for SFD in FMLS Area 71 decreased 22.9% on a year-over-year basis from $512,500 in March 2017 to $395,000 in March 2018.

$600,000 $400,000 $200,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

- 40.3%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 71 decreased 24% on a year-over-year basis from $564,739 in March 2017 to $429,337 in March 2018.

$1,200,000 $1,000,000 $800,000

The average sale price for SFD in FMLS Area 71 decreased 40.3% on a year-over-year basis from $587,813 in March 2017 to $351,118 in March 2018.

$600,000 $400,000 $200,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | SFD

117 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 71 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 96.1% 200

The median number of continuous days on market (CDOM) for SFD in FMLS Area 71 decreased 96.1% on a yearover-year basis from 103 days in March 2017 to 4 days in March 2018.

150

100

50

0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 10%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

104%

The ratio of SP/OLP for SFD in FMLS Area 71 increased 10% on a year-over-year basis from 90.9% in March 2017 to 100% in March 2018.

100% 96%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

92% 88% 84% 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

132

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132

120

FMLS AREA 132 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 85

First Multiple Listing Service (FMLS) Area 132 includes the southernmost portion of Sandy Springs. It includes Windsor Heights, Londonberry and several other neighborhoods.

FMLS Area 132 is bound by the Fulton/DeKalb line to the east, and the Chattahoochee River to the west, I-285 to the north and the City of Atlanta line to the south.

ATLANTA

www.evatlanta.com

ATLANTA MARKET INTELLIGENCE REPORT | 1Q18 | FMLS AREA 132 ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132

121

9

FMLS AREA 132 SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 132 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 7 77 6 20 99% 1

$200K 2 $299K 3 31 3 23 98% 1

$300K 2 $399K 9 25 2 45 98% 5

$400K 2 $499K 15 53 4 66 97% 4

$500K 2 $599K 6 27 2 58 99% 3

$600K 2 $699K 2 2 0 24 95% 12

$700K 2 $799K 0 1 0 4 100% 0

$800K 2 $899K 0 2 0 385 84% 0

$900K 2 $999K 2 1 0 89 101% 24

$1M 2 $2M 1 0 0 0 0% 0

$2M 2 $5M 0 0 0 0 0% 0

AVG/ >:$5M 0 0 0 0 0% 0

TOTALS 45 219 18 48 97% 2

SOURCE: FMLS 2018; Area 132, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 132 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 0 0 0 0 0% 0

$200K 2 $299K 0 1 0 87 45% 0

$300K 2 $399K 0 16 1 75 89% 0

$400K 2 $499K 4 24 2 78 92% 2

$500K 2 $599K 18 35 3 75 94% 6

$600K 2 $699K 12 34 3 83 90% 4

$700K 2 $799K 13 18 2 88 94% 9

$800K 2 $899K 19 22 2 79 96% 10

$900K 2 $999K 5 13 1 113 92% 5

$1M 2 $2M 62 76 6 174 92% 10

$2M 2 $5M 32 17 1 209 91% 23

AVG/ >:$5M 2 0 0 0 0% 0

TOTALS 167 256 21 119 92% 8

SOURCE: FMLS 2018; Area 132, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

ENGEL & VÖLKERS ATLANTA

www.evatlanta.com

www.evatlanta.com

ATLANTA

ATLANTA MARKET | 1Q18 | FMLS AREA 132 ATLANTAINTELLIGENCE MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132| CONDOS | CONDOS

10122

FMLS AREA 132 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 132 increased 25% on a year-over-year basis from 12 in March 2017 to 15 in March 2018. The number of new condo listings in FMLS Area 132 decreased 31.3% on a year-over-year basis from 16 in March 2017 to 11 in March 2018. The number of condo sales in FMLS Area 132 increased 225% on a year-overyear basis from 4 in March 2017 to 13 in March 2018. The months of inventory for condos in FMLS Area 132 decreased 61.5% on a year-over-year basis from 3.0 months in March 2017 to 1.2 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 25%

- 31.3%

+ 225%

- 61.5%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 38.2%

- 32.6%

- 0.3%

- 40%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | CONDOS

123 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 132 increased 25% on a year-over-year basis from 12 in March 2017 to 15 in March 2018.

The number of new condo listings in FMLS Area 132 decreased 31.3% on a year-over-year basis from 16 in March 2017 to 11 in March 2018.

The number of condo sales in FMLS Area 132 increased 225% on a year-over-year basis from 4 in March 2017 to 13 in March 2018.

40

40

30

30

20

20

10

10

0

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

MONTHS OF INVENTORY 16

The months of inventory for condos in FMLS Area 132 decreased 61.5% on a year-overyear basis from 3.0 months in March 2017 to 1.2 months in March 2018.

12 8 4 0 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET | 1Q18 | FMLS AREA 132 ATLANTAINTELLIGENCE MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132| |CONDOS CONDOS

12124

MEDIAN SALE PRICE

- 38.2%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for condos in FMLS Area 132 increased 100.5% on a year-over-year basis from $114,700 in March 2017 to $230,000 in March 2018.

$900,000 $750,000 $600,000

The median sale price for condos in FMLS Area 132 decreased 38.2% on a year-over-year basis from $249,000 in March 2017 to $154,000 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

- 32.6%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for condos in FMLS Area 132 increased 65.7% on a year-over-year basis from $144,475 in March 2017 to $239,400 in March 2018.

$900,000 $750,000 $600,000

The average sale price for condos in FMLS Area 132 decreased 32.6% on a year-over-year basis from $290,750 in March 2017 to $196,023 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | CONDOS

125 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 40%

The median number of continuous days on market (CDOM) for condos in FMLS Area 132 decreased 40% on a yearover-year basis from 10 days in March 2017 to 6 days in March 2018.

120

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 0.3%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for condos in FMLS Area 132 decreased 0.3% on a year-overyear basis from 98.4% in March 2017 to 98.1% in March 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92% 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

10126

ATLANTA MARKET | 1Q18 | FMLS AREA 132 ATLANTAINTELLIGENCE MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132| TOWNHOMES | TOWNHOMES

FMLS AREA 132 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 132 saw an increase of 8% on a year-over-year basis from 25 in March 2017 to 27 in March 2018. The number of new townhome listings in FMLS Area 132 decreased 16.7% on a yearover-year basis from 12 in March 2017 to 10 in March 2018. The number of townhome sales in FMLS Area 132 decreased 7.7% on a year-over-year basis from 13 in March 2017 to 12 in March 2018. The months of inventory for townhomes in FMLS Area 132 increased 17% on a year-over-year basis from 1.9 months in March 2017 to 2.3 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 8%

- 16.7%

- 7.7%

+ 17%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 6.1%

+ 12%

- 1.2%

+ 700%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | TOWNHOMES

127 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | TOWNHOMES

SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 132 increased 8% on a year-over-year basis from 25 in March 2017 to 27 in March 2018.

The number of new townhome listings in FMLS Area 132 decreased 16.7% on a year-over-year basis from 12 in March 2017 to 10 in March 2018.

75

75

The number of townhome sales in FMLS Area 132 decreased 7.7% on a year-over-year basis from 13 in March 2017 to 12 in March 2018.

60

60

45

45

30

30

15

15

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 132 increased 17% on a yearover-year basis from 1.9 months in March 2017 to 2.3 months in March 2018.

15 12 9 6 3 0 3Q15

1Q16

3Q16

1Q17

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET | 1Q18| 1Q18 | FMLS AREA 132 ATLANTAINTELLIGENCE MARKET INTELLIGENCE | FMLS AREA 132| TOWNHOMES | TOWNHOMES

12128

MEDIAN SALE PRICE

+ 6.1%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$750,000

The median list price for townhomes in FMLS Area 132 increased 5% on a year-over-year basis from $444,900 in March 2017 to $467,284 in March 2018.

$600,000 $450,000

The median sale price for townhomes in FMLS Area 132 increased 6.1% on a year-over-year basis from $424,145 in March 2017 to $449,820 in March 2018.

$300,000 $150,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 12%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$750,000

The average list price for townhomes in FMLS Area 132 increased 11.6% on a year-over-year basis from $466,092 in March 2017 to $520,337 in March 2018.

$600,000 $450,000

The average sale price for townhomes in FMLS Area 132 increased 12% on a year-over-year basis from $391,857 in March 2017 to $439,029 in March 2018.

$300,000 $150,000 $0

3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | TOWNHOMES

129 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | TOWNHOMES

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 700% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 132 increased 700% on a year-over-year basis from 14 days in March 2017 to 112 days in March 2018.

90

60

30

0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 1.2%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for townhomes in FMLS Area 132 decreased 1.2% on a yearover-year basis from 98.5% in March 2017 to 97.3% in March 2018.

100.0%

97.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

94.0%

91.0%

88.0% 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA SFD ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 132 || SFD

10130

FMLS AREA 132 SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 132 decreased 1.2% on a year-over-year basis from 168 in March 2017 to 166 in March 2018. The number of new SFD listings in FMLS Area 132 increased 6.7% on a year-over-year basis from 60 in March 2017 to 64 in March 2018. The number of SFD sales in FMLS Area 132 decreased 28.6% on a year-overyear basis from 28 in March 2017 to 20 in March 2018. The months of inventory for SFD in FMLS Area 132 increased 38.3% on a year-over-year basis from 6.0 months in March 2017 to 8.3 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

- 12.1%

+ 0.3%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 1.2%

+ 6.7%

- 28.6%

+ 38.3%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 13.7%

RATIO OF SP/OLP

- 55.4%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | SFD

131 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 121 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 121 increased 66.7% on a year-over-year basis from 33 in March 2017 to 55 in March 2018.

The number of new SFD listings in FMLS Area 121 increased 73.9% on a year-over-year basis from 23 in March 2017 to 40 in March 2018.

100

100

The number of SFD sales in FMLS Area 121 increased 37.5% on a year-over-year basis from 8 in March 2017 to 11 in March 2018.

80

80

60

60

40

40

20

20

0

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

MONTHS OF INVENTORY 16

The months of inventory for SFD in FMLS Area 121 increased 21.2% on a year-overyear basis from 4.1 months in March 2017 to 5.0 months in March 2018.

12 8 4 0 3Q15

1Q16

3Q16

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1Q17

3Q17

1Q18

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA132 132 || SFD SFD

12132

MEDIAN SALE PRICE

- 12.1%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 132 decreased 29.2% on a year-over-year basis from $1,172,500 in March 2017 to $830,000 in March 2018.

$2,250,000 $2,000,000 $1,750,000 $1,500,000

The median sale price for SFD in FMLS Area 132 decreased 12.1% on a year-over-year basis from $693,750 in March 2017 to $609,800 in March 2018.

$1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

- 13.7%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 132 decreased 28.8% on a year-over-year basis from $1,532,299 in March 2017 to $1,090,398 in March 2018.

$2,250,000 $2,000,000 $1,750,000

The average sale price for SFD in FMLS Area 132 decreased 13.7% on a year-over-year basis from $1,068,824 in March 2017 to $922,024 in March 2018.

$1,500,000 $1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | SFD

133 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 55.4%

The median number of continuous days on market (CDOM) for SFD in FMLS Area 132 decreased 55.4% on a yearover-year basis from 92 days in March 2017 to 41 days in March 2018.

150 120 90 60 30 0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

RATIO OF SP/OLP

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

+ 0.3%

The ratio of SP/OLP for SFD in FMLS Area 132 increased 0.3% on a year-over-year basis from 95.8% in March 2017 to 96.1% in March 2018.

102% 100% 98%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96% 94% 92% 90% 88% 3Q15

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1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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