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
5
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)
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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
13 13
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
10 14
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
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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
17 13
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
10 18
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
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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%
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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
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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
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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%
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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%
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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%
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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
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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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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
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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
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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
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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
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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
www.evatlanta.com www.evatlanta.com
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
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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
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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%
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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%
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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
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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
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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
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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
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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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ENGEL & VÖLKERS ATLANTA
1Q17
3Q17
1Q18
ATLANTA www.evatlanta.com
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
ATLANTA www.evatlanta.com
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