MARKET INTELLIGENCE 2 0 1 8
Q 2
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
4
ATLANTA MARKET INTELLIGENCE | 2Q18
ATLANTA MARKET INTELLIGENCE | 2Q18
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 2 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 | 2Q18 | 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
www.evatlanta.com
ATLANTA MARKET INTELLIGENCE REPORT | 2Q18 | FMLS AREA 21
ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 27 447 37 45 94% 1
$200K 2 $299K 47 459 38 32 96% 2
$300K 2 $399K 43 229 19 58 96% 3
$400K 2 $499K 29 123 10 81 96% 3
$500K 2 $599K 31 59 5 116 94% 7
$600K 2 $699K 32 52 4 103 96% 7
$700K 2 $799K 38 42 4 124 95% 11
$800K 2 $899K 22 10 1 109 96% 26
$900K 2 $999K 11 16 1 158 93% 8
$1M 2 $2M 36 46 4 169 91% 9
$2M 2 $5M 17 14 1 406 93% 15
AVG/ >:$5M 0 0 0 0 0% 0
TOTALS 333 1497 125 59 95% 3
SOURCE: FMLS 2018; Area 21, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 21 from July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 6 13 1 15 98% 5
$200K 2 $299K 3 3 0 24 100% 12
$300K 2 $399K 3 13 1 74 88% 4
$400K 2 $499K 10 44 4 71 93% 3
$500K 2 $599K 28 108 9 75 96% 3
$600K 2 $699K 36 116 10 59 96% 4
$700K 2 $799K 40 88 7 97 94% 5
$800K 2 $899K 37 73 6 78 92% 6
$900K 2 $999K 28 61 5 86 92% 6
$1M 2 $2M 173 260 22 127 92% 8
$2M 2 $5M 91 78 7 171 90% 14
AVG/ >:$5M 13 1 0 236 94% 156
TOTALS 468 858 72 100 92% 7
SOURCE: FMLS 2018; Area 21, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
ENGEL & VÖLKERS ATLANTA
www.evatlanta.com
www.evatlanta.com
ATLANTA
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 20.7% on a year-over-year basis from 295 in June 2017 to 234 in June 2018. The number of new condo listings in FMLS Area 21 decreased 2.8% on a year-over-year basis from 142 in June 2017 to 138 in June 2018. The number of condo sales in FMLS Area 21 decreased 23.8% on a year-overyear basis from 126 in June 2017 to 96 in June 2018. The months of inventory for condos in FMLS Area 21 increased 4.1% on a year-over-year basis from 2.3 months in June 2017 to 2.4 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 10.5%
+ 1.9%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
- 20.7%
- 2.8%
- 23.8%
+ 4.1%
ATLANTA ENGEL & VÖLKERS ATLANTA
- 3.4%
RATIO OF SP/OLP
- 40%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 21 | CONDOS
11 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 21 | CONDOS
SUPPLY DYNAMICS The number of active condo listings in FMLS Area 21 decreased 20.7% on a year-over-year basis from 295 in June 2017 to 234 in June 2018. The number of new condo listings in FMLS Area 21 decreased 2.8% on a year-over-year basis from 142 in June 2017 to 138 in June 2018. The number of condo sales in FMLS Area 21 decreased 23.8% on a year-over-year basis from 126 in June 2017 to 96 in June 2018.
400
400
300
300
200
200
100
100
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY 10
The months of inventory for condos in FMLS Area 21 increased 4.1% on a year-over-year basis from 2.3 months in June 2017 to 2.4 months in June 2018.
8 6 4 2 0
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 21 21 || CONDOS CONDOS
12 12
MEDIAN SALE PRICE
+ 10.5%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for condos in FMLS Area 21 increased 29.1% on a year-over-year basis from $227,450 in June 2017 to $293,650 in June 2018.
$600,000 $500,000 $400,000
The median sale price for condos in FMLS Area 21 increased 10.5% on a year-over-year basis from $223,500 in June 2017 to $246,900 in June 2018.
$300,000 $200,000 $100,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
- 3.4%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for condos in FMLS Area 21 increased 15.3% on a year-over-year basis from $413,140 in June 2017 to $476,423 in June 2018.
$600,000 $500,000 $400,000
The average sale price for condos in FMLS Area 21 decreased 3.4% on a year-over-year basis from $344,405 in June 2017 to $332,807 in June 2018.
$300,000 $200,000 $100,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 21 | CONDOS
13 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 21 | 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 21 decreased 40% on a year-overyear basis from 25 days in June 2017 to 15 days in June 2018.
120
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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
+ 1.9%
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for condos in FMLS Area 21 increased 1.9% on a year-overyear basis from 96.9% in June 2017 to 98.7% in June 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%
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA21 21 || TOWNHOMES TOWNHOMES
10 14
FMLS AREA 21 TOWNHOMES
SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 21 decreased 11.7% on a year-over-year basis from 103 in June 2017 to 91 in June 2018. The number of new townhome listings in FMLS Area 21 decreased 34% on a year-over-year basis from 47 in June 2017 to 31 in June 2018. The number of townhome sales in FMLS Area 21 decreased 14.3% on a year-over-year basis from 21 in June 2017 to 18 in June 2018. The months of inventory for townhomes in FMLS Area 21 increased 3.1% on a year-over-year basis from 4.9 months in June 2017 to 5.1 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 12.8%
+ 0.8%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
- 11.7%
- 34%
- 14.3%
+ 3.1%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 23.2%
RATIO OF SP/OLP
- 61.5%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 21 | TOWNHOMES
15 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 21 | TOWNHOMES
SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 21 decreased 11.7% on a year-over-year basis from 103 in June 2017 to 91 in June 2018. The number of new townhome listings in FMLS Area 21 decreased 34% on a year-over-year basis from 47 in June 2017 to 31 in June 2018. 150
150
The number of townhome sales in FMLS Area 21 decreased 14.3% on a year-over-year basis from 21 in June 2017 to 18 in June 2018.
120
120
90
90
60
60
30
30
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 21 increased 3.1% on a yearover-year basis from 4.9 months in June 2017 to 5.1 months in June 2018.
10 8 6 4 2 0
4Q15
2Q16
www.evatlanta.com
4Q16
2Q17
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA21 21 || TOWNHOMES TOWNHOMES
12 16
MEDIAN SALE PRICE
+ 12.8%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for townhomes in FMLS Area 21 increased 7.9% on a year-over-year basis from $519,000 in June 2017 to $559,900 in June 2018.
$900,000 $750,000 $600,000
The median sale price for townhomes in FMLS Area 21 increased 12.8% on a year-over-year basis from $435,000 in June 2017 to $490,500 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 23.2%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for townhomes in FMLS Area 21 decreased 5.9% on a year-over-year basis from $629,273 in June 2017 to $592,190 in June 2018.
$900,000 $750,000 $600,000
The average sale price for townhomes in FMLS Area 21 increased 23.2% on a year-over-year basis from $431,176 in June 2017 to $531,014 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 21 | TOWNHOMES
17 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 21 | TOWNHOMES
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
- 61.5% 120
The median number of continuous days on market (CDOM) for townhomes in FMLS Area 21 decreased 61.5% on a year-over-year basis from 26 days in June 2017 to 10 days in June 2018.
90
60
30
0 4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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 21 increased 0.8% on a yearover-year basis from 97.4% in June 2017 to 98.2% in June 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%
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
10 18
MARKET INTELLIGENCE | 2Q18| FMLS | FMLS AREA AREA 2121| |SFD ATLANTA ATLANTA MARKET INTELLIGENCE | 2Q18 SFD
FMLS AREA 21
SINGLE FAMILY DETACHED (SFD)
SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 21 decreased 11% on a year-over-year basis from 516 in June 2017 to 459 in June 2018. The number of new SFD listings in FMLS Area 21 increased 10.6% on a year-over-year basis from 132 in June 2017 to 146 in June 2018. The number of SFD sales in FMLS Area 21 increased 12.2% on a year-over-year basis from 90 in June 2017 to 101 in June 2018. The months of inventory for SFD in FMLS Area 21 decreased 20.7% on a year-over-year basis from 5.7 months in June 2017 to 4.5 months in June 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
- 11%
+ 10.6%
+ 12.2%
- 20.7%
ENGEL & VÖLKERS ATLANTA ATLANTA
+ 0.9%
+ 15.6%
- 1.2%
+ 2.9%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 21 | SFD
19
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 21 | SFD
11
SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 21 decreased 11% on a year-over-year basis from 516 in June 2017 to 459 in June 2018. The number of new SFD listings in FMLS Area 21 increased 10.6% on a year-over-year basis from 132 in June 2017 to 146 in June 2018. 150
The number of SFD sales in FMLS Area 21 increased 12.2% on a year-over-year basis from 90 in June 2017 to 101 in June 2018.
150
120
120
90
90
60
60
30
30
0
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
MONTHS OF INVENTORY 16
The months of inventory for SFD in FMLS Area 21 decreased 20.7% on a year-overyear basis from 5.7 months in June 2017 to 4.5 months in June 2018.
12 8 4 0
4Q15
www.evatlanta.com
2Q16
4Q16
2Q17
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA
www.evatlanta.com
ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 2Q18 | FMLS 21| |SFD SFD INTELLIGENCE | 2Q18 | FMLSAREA AREA 21
12 20
MEDIAN SALE PRICE
+ 0.9%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 21 decreased 2.4% on a year-over-year basis from $999,000 in June 2017 to $975,000 in June 2018.
$1,500,000 $1,250,000 $1,000,000
The median sale price for SFD in FMLS Area 21 increased 0.9% on a year-over-year basis from $867,500 in June 2017 to $875,000 in June 2018.
$750,000 $500,000 $250,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 15.6%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 21 decreased 7.9% on a year-over-year basis from $1,307,712 in June 2017 to $1,204,784 in June 2018.
$1,500,000 $1,250,000 $1,000,000
The average sale price for SFD in FMLS Area 21 increased 15.6% on a year-over-year basis from $999,249 in June 2017 to $1,155,010 in June 2018.
$750,000 $500,000 $250,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 21 | SFD
21 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 21 | SFD
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
+ 2.9%
The median number of continuous days on market (CDOM) for SFD in FMLS Area 21 increased 2.9% on a year-overyear basis from 35 days in June 2017 to 36 days in June 2018.
120
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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
102%
The ratio of SP/OLP for SFD in FMLS Area 21 increased 1% on a year-over-year basis from 96.6% in June 2017 to 95.4% in June 2018.
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%
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
22
ATLANTA MARKET INTELLIGENCE | 2Q18 | 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
www.evatlanta.com
25 9
ATLANTA MARKET INTELLIGENCE | 2Q18 AREA2222 ATLANTA MARKET INTELLIGENCE REPORT | 2Q18| |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 July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 28 284 24 40 91% 2
$200K 2 $299K 27 296 25 33 98% 1
$300K 2 $399K 17 152 13 46 98% 2
$400K 2 $499K 20 54 5 90 99% 4
$500K 2 $599K 17 27 2 127 98% 8
$600K 2 $699K 8 11 1 59 95% 9
$700K 2 $799K 3 6 1 115 97% 6
$800K 2 $899K 7 1 0 51 100% 84
$900K 2 $999K 0 1 0 0 100% 0
$1M 2 $2M 3 3 0 402 84% 12
$2M 2 $5M 1 0 0 0 0% 0
AVG/ >:$5M 0 0 0 0 0% 0
TOTALS 131 835 70 46 96% 2
SOURCE: FMLS 2018; Area 22, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 22 from July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 58 497 41 43 95% 2
$200K 2 $299K 16 91 8 36 96% 2
$300K 2 $399K 16 108 9 31 98% 2
$400K 2 $499K 18 89 7 42 99% 3
$500K 2 $599K 15 42 4 80 98% 4
$600K 2 $699K 6 13 1 75 97% 6
$700K 2 $799K 3 9 1 162 94% 4
$800K 2 $899K 6 4 0 124 98% 18
$900K 2 $999K 2 5 0 83 90% 5
$1M 2 $2M 12 13 1 65 97% 11
$2M 2 $5M 12 5 0 208 83% 29
AVG/ >:$5M 4 1 0 251 92% 48
TOTALS 168 877 73 51 96% 2
SOURCE: FMLS 2018; Area 22, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
ENGEL & VÖLKERS www.evatlanta.com
ATLANTA
www.evatlanta.com ATLANTA
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 31.2% on a year-over-year basis from 125 in June 2017 to 86 in June 2018. The number of new condo listings in FMLS Area 22 decreased 17.6% on a year-over-year basis from 68 in June 2017 to 56 in June 2018. The number of condo sales in FMLS Area 22 decreased 40% on a year-over-year basis from 65 in June 2017 to 39 in June 2018. The months of inventory for condos in FMLS Area 22 increased 14.7% on a year-over-year basis from 1.9 months in June 2017 to 2.2 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 10.5%
+ 1.5%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
- 31.2%
- 17.6%
- 40%
+ 14.7%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 17.3%
RATIO OF SP/OLP
- 10%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 22 | CONDOS
27 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 22 | CONDOS
SUPPLY DYNAMICS The number of active condo listings in FMLS Area 22 decreased 31.2% on a year-over-year basis from 125 in June 2017 to 86 in June 2018. The number of new condo listings in FMLS Area 22 decreased 17.6% on a year-over-year basis from 68 in June 2017 to 56 in June 2018. 200
200
The number of condo sales in FMLS Area 22 decreased 40% on a year-over-year basis from 65 in June 2017 to 39 in June 2018.
150
150
100
100
50
50
0
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
MONTHS OF INVENTORY
10
. The months of inventory for condos in FMLS Area 22 increased 14.7% on a year-over-year basis from 1.9 months in June 2017 to 2.2 months in June 2018.
8 6 4 2 0
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 22 22 || CONDOS CONDOS
12 28
MEDIAN SALE PRICE
+ 10.5%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE
$600,000
The median list price for condos in FMLS Area 22 decreased 4.5% on a year-over-year basis from $220,000 in June 2017 to $210,000 in June 2018.
$450,000
The median sale price for condos in FMLS Area 22 increased 10.5% on a year-over-year basis from $199,000 in June 2017 to $219,900 in June 2018.
$300,000
$150,000
$0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 17.3%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE
$600,000
The average list price for condos in FMLS Area 22 decreased 25.4% on a year-over-year basis from $376,291 in June 2017 to $280,792 in June 2018.
$450,000
The average sale price for condos in FMLS Area 22 increased 17.3% on a year-over-year basis from $222,079 in June 2017 to $260,515 in June 2018.
$300,000
$150,000
$0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 22 | CONDOS
29 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 22 | 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 22 decreased 10% on a year-overyear basis from 10 days in June 2017 to 9 days in June 2018.
120
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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
102%
The ratio of SP/OLP for condos in FMLS Area 22 increased 1.5% on a year-overyear basis from 98.5% in June 2017 to 100% in June 2018.
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%
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
10 30
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA22 22 || TOWNHOMES TOWNHOMES
FMLS AREA 22 TOWNHOMES
SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 22 increased 11.1% on a year-over-year basis from 36 in June 2017 to 40 in June 2018. The number of new townhome listings in FMLS Area 22 increased 75% on a year-over-year basis from 16 in June 2017 to 28 in June 2018. The number of townhome sales in FMLS Area 22 decreased 34.6% on a year-over-year basis from 26 in June 2017 to 17 in June 2018. The months of inventory for townhomes in FMLS Area 22 increased 69.9% on a year-over-year basis from 1.4 months in June 2017 to 2.4 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 10.9%
+/- 0%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
+ 11.1%
+ 75%
- 34.6%
+ 13%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 14.9%
RATIO OF SP/OLP
+ 50%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 22 | TOWNHOMES
31 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 22 | TOWNHOMES
SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 22 increased 11.1% on a year-over-year basis from 36 in June 2017 to 40 in June 2018. The number of new townhome listings in FMLS Area 22 increased 75% on a year-over-year basis from 16 in June 2017 to 28 in June 2018. 80
80
The number of townhome sales in FMLS Area 22 decreased 34.6% on a year-over-year basis from 26 in June 2017 to 17 in June 2018.
60
60
40
40
20
20
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 22 increased 69.9% on a yearover-year basis from 1.4 months in June 2017 to 2.4 months in June 2018.
12 10 8 6 4 2 0
4Q15
www.evatlanta.com
2Q16
4Q16
2Q17
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
12 32
ATLANTA MARKET | 2Q18 | FMLS AREA ATLANTA INTELLIGENCE MARKET INTELLIGENCE | 2Q18 | FMLS AREA22 22 | | TOWNHOMES TOWNHOMES
MEDIAN SALE PRICE
+ 10.9%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for townhomes in FMLS Area 22 decreased 14.9% on a year-over-year basis from $304,950 in June 2017 to $259,450 in June 2018.
$600,000 $500,000 $400,000
The median sale price for townhomes in FMLS Area 22 increased 10.9% on a year-over-year basis from $306,500 in June 2017 to $339,875 in June 2018.
$300,000 $200,000 $100,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 14.9%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for townhomes in FMLS Area 22 decreased 21% on a year-over-year basis from $348,619 in June 2017 to $275,448 in June 2018.
$600,000 $500,000 $400,000
The average sale price for townhomes in FMLS Area 22 increased 14.9% on a year-over-year basis from $321,339 in June 2017 to $369,076 in June 2018.
$300,000 $200,000 $100,000 $0
4Q15
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 22 | TOWNHOMES
33
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 22 | TOWNHOMES
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
+ 50% 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 20 days in June 2017 to 30 days in June 2018.
90
60
30
0
13
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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 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.
102.0% 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%
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
The ratio of SP/OLP for townhomes in FMLS Area 22 saw no change on a yearover-year basis from 100% in June 2017 to 100% in June 2018.
ATLANTA
www.evatlanta.com
ATLANTA ATLANTA MARKET INTELLIGENCE | 2Q18 22| |SFD SFD MARKET INTELLIGENCE | 2Q18| 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 22.2% on a year-over-year basis from 216 in June 2017 to 168 in June 2018. The number of new SFD listings in FMLS Area 22 decreased 29.3% on a year-over-year basis from 123 in June 2017 to 87 in June 2018. The number of SFD sales in FMLS Area 22 decreased 8.9% on a year-over-year basis from 79 in June 2017 to 72 in June 2018. The months of inventory for SFD in FMLS Area 22 decreased 14.7% on a year-over-year basis from 2.7 months in June 2017 to 2.3 months in June 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
- 22.2%
- 29.3%
- 8.9%
- 14.7%
ATLANTA ENGEL & VÖLKERS ATLANTA
- 29%
- 12.3%
- 0.2%
+ 11.1%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 22 | SFD
35 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 22 | SFD
SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 22 decreased 22.2% on a year-over-year basis from 216 in June 2017 to 168 in June 2018. The number of new SFD listings in FMLS Area 22 decreased 29.3% on a year-over-year basis from 123 in June 2017 to 87 in June 2018. 400
400
The number of SFD sales in FMLS Area 22 decreased 8.9% on a year-over-year basis from 79 in June 2017 to 72 in June 2018.
300
300
200
200
100
100
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY The months of inventory for SFD in FMLS Area 22 decreased 14.7% on a year-overyear basis from 2.7 months in June 2017 to 2.3 months in June 2018.
10 8 6 4 2 0
4Q15
www.evatlanta.com
2Q16
4Q16
2Q17
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 2Q18 | FMLS 22 | | SFD SFD INTELLIGENCE | 2Q18 | FMLSAREA AREA 22
12 36
MEDIAN SALE PRICE
- 29%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE
$900,000
The median list price for SFD in FMLS Area 22 increased 313.3% on a year-over-year basis from $75,000 in June 2017 to $310,000 in June 2018.
$750,000 $600,000 $450,000
The median sale price for SFD in FMLS Area 22 decreased 29% on a year-over-year basis from $285,180 in June 2017 to $202,500 in June 2018.
$300,000 $150,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
- 12.3%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE
$900,000
The average list price for SFD in FMLS Area 22 increased 241% on a year-over-year basis from $196,722 in June 2017 to $670,871 in June 2018.
$750,000 $600,000
The average sale price for SFD in FMLS Area 22 decreased 12.3% on a year-over-year basis from $333,780 in June 2017 to $292,702 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 22 | SFD
37 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 22 | SFD
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
+ 11.1%
The median number of continuous days on market (CDOM) for SFD in FMLS Area 22 increased 11.1% on a yearover-year basis from 18 days in June 2017 to 20 days in June 2018.
120
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
RATIO OF SP/OLP
- 0.2%
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 22 decreased 0.2% on a year-over-year basis from 97.9% in June 2017 to 97.7% in June 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.
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
23
ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 | 2Q18 | FMLS AREA 23
ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 15 331 28 43 96% 1
$200K 2 $299K 41 507 42 24 83% 1
$300K 2 $399K 32 320 27 32 98% 2
$400K 2 $499K 25 183 15 37 99% 2
$500K 2 $599K 16 89 7 58 98% 2
$600K 2 $699K 14 58 5 77 98% 3
$700K 2 $799K 10 30 3 108 98% 4
$800K 2 $899K 7 14 1 73 97% 6
$900K 2 $999K 2 3 0 16 95% 8
$1M 2 $2M 16 17 1 70 98% 11
$2M 2 $5M 5 1 0 295 109% 60
AVG/ >:$5M 0 0 0 0 0% 0
TOTALS 183 1553 129 35 93% 1
SOURCE: FMLS 2018; Area 23, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 23 from July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 5 13 1 21 108% 4
$200K 2 $299K 4 16 1 44 94% 2
$300K 2 $399K 10 40 3 29 97% 3
$400K 2 $499K 10 52 4 28 98% 2
$500K 2 $599K 11 56 5 39 98% 3
$600K 2 $699K 15 66 6 33 95% 3
$700K 2 $799K 19 59 5 42 96% 4
$800K 2 $899K 13 44 4 49 96% 4
$900K 2 $999K 7 29 2 70 97% 3
$1M 2 $2M 72 104 9 99 86% 8
$2M 2 $5M 8 10 1 175 96% 10
AVG/ >:$5M 0 0 0 0 0% 0
TOTALS 174 489 41 55 92% 4
SOURCE: FMLS 2018; Area 23, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
ENGEL & VÖLKERS ATLANTA
www.evatlanta.com
www.evatlanta.com
ATLANTA
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 31.5% on a year-over-year basis from 203 in June 2017 to 139 in June 2018. The number of new condo listings in FMLS Area 23 decreased 13% on a year-over-year basis from 169 in June 2017 to 147 in June 2018. The number of condo sales in FMLS Area 23 decreased 21.7% on a year-overyear basis from 120 in June 2017 to 94 in June 2018. The months of inventory for condos in FMLS Area 23 decreased 12.6% on a year-over-year basis from 1.7 months in June 2017 to 1.5 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 18.8%
+ 1.3%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
- 31.5%
- 13%
- 21.7%
- 12.6%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 33.5%
RATIO OF SP/OLP
- 22.2%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | CONDOS
43 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | CONDOS
SUPPLY DYNAMICS The number of active condo listings in FMLS Area 23 decreased 31.5% on a year-over-year basis from 203 in June 2017 to 139 in June 2018. The number of new condo listings in FMLS Area 23 decreased 13% on a year-over-year basis from 169 in June 2017 to 147 in June 2018.
400
400
The number of condo sales in FMLS Area 23 decreased 21.7% on a year-over-year basis from 120 in June 2017 to 94 in June 2018. 300
300
200
200
100
100
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY
10
The months of inventory for condos in FMLS Area 23 decreased 12.6% on a year-overyear basis from 1.7 months in June 2017 to 1.5 months in June 2018.
8 6 4 2 0
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 23 || CONDOS CONDOS
12 44
MEDIAN SALE PRICE
+ 18.8%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE
$900,000
The median list price for condos in FMLS Area 23 increased 4.6% on a year-over-year basis from $260,000 in June 2017 to $272,000 in June 2018.
$750,000 $600,000
The median sale price for condos in FMLS Area 23 increased 18.8% on a year-over-year basis from $240,000 in June 2017 to $285,000 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 33.5%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE
$900,000
The average list price for condos in FMLS Area 23 increased 4.1% on a year-over-year basis from $335,186 in June 2017 to $348,807 in June 2018.
$750,000 $600,000
The average sale price for condos in FMLS Area 23 increased 33.5% on a year-over-year basis from $259,580 in June 2017 to $346,413 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | CONDOS
45 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | CONDOS
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
- 22.2% 120
The median number of continuous days on market (CDOM) for condos in FMLS Area 23 decreased 22.2% on a yearover-year basis from 9 days in June 2017 to 7 days in June 2018.
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
RATIO OF SP/OLP
+ 1.3%
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for condos in FMLS Area 23 increased 1.3% on a year-overyear basis from 98.7% in June 2017 to 100% in June 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.
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
10 46
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA23 23 || TOWNHOMES TOWNHOMES
FMLS AREA 23 TOWNHOMES
SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 23 decreased 4.5% on a year-over-year basis from 44 in June 2017 to 42 in June 2018. The number of new townhome listings in FMLS Area 23 decreased 31.8% on a year-over-year basis from 22 in June 2017 to 15 in June 2018. The number of townhome sales in FMLS Area 23 increased 60% on a year-over-year basis from 20 in June 2017 to 32 in June 2018. The months of inventory for townhomes in FMLS Area 23 decreased 40.3% on a year-over-year basis from 2.2 months in June 2017 to 1.3 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 1.7%
+ 0.1%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
- 4.5%
- 31.8%
+ 60%
- 40.3%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 0.1%
RATIO OF SP/OLP
+ 25%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | TOWNHOMES
47 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | TOWNHOMES
SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 23 decreased 4.5% on a year-over-year basis from 44 in June 2017 to 42 in June 2018. The number of new townhome listings in FMLS Area 23 decreased 31.8% on a year-over-year basis from 22 in June 2017 to 15 in June 2018.
60
60
The number of townhome sales in FMLS Area 23 increased 60% on a year-over-year basis from 20 in June 2017 to 32 in June 2018.
48
48
36
36
24
24
12
12
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 23 decreased 40.3% on a yearover-year basis from 2.2 months in June 2017 to 1.3 months in June 2018.
10 8 6 4 2 0
4Q15
www.evatlanta.com
2Q16
4Q16
2Q17
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | TOWNHOMES ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | TOWNHOMES
12 48
MEDIAN SALE PRICE
+ 1.7%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for townhomes in FMLS Area 23 increased 14.2% on a year-over-year basis from $446,450 in June 2017 to $509,900 in June 2018.
$900,000 $750,000 $600,000
The median sale price for townhomes in FMLS Area 23 increased 1.7% on a year-over-year basis from $446,950 in June 2017 to $454,700 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 0.1%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for townhomes in FMLS Area 23 increased 22.7% on a year-over-year basis from $501,391 in June 2017 to $615,246 in June 2018.
$900,000 $750,000 $600,000
The average sale price for townhomes in FMLS Area 23 increased 0.1% on a year-over-year basis from $466,819 in June 2017 to $468,020 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | TOWNHOMES
49 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | TOWNHOMES
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
+ 25% 120
The median number of continuous days on market (CDOM) for townhomes in FMLS Area 23 increased 25% on a year-over-year basis from 8 days in June 2017 to 10 days in June 2018.
90
60
30
0 4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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
+ 0.1%
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for townhomes in FMLS Area 23 increased 0.1% on a yearover-year basis from 99.9% in June 2017 to 100% in June 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% 4Q15
2Q16
4Q16
www.evatlanta.com
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA ATLANTA MARKET INTELLIGENCE | 2Q18 23| |SFD SFD MARKET INTELLIGENCE | 2Q18| 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 25.7% on a year-over-year basis from 144 in June 2017 to 181 in June 2018. The number of new SFD listings in FMLS Area 23 increased 24.7% on a year-over-year basis from 73 in June 2017 to 91 in June 2018. The number of SFD sales in FMLS Area 23 decreased 9.7% on a year-over-year basis from 62 in June 2017 to 56 in June 2018. The months of inventory for SFD in FMLS Area 23 increased 39.2% on a yearover-year basis from 2.3 months in June 2017 to 3.2 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 12.8%
+ 0.1%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
+ 25.7%
+ 24.7%
- 9.7%
+ 39.2%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 18.2%
RATIO OF SP/OLP
+ 26.7%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | SFD
51 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | SFD
SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 23 increased 25.7% on a year-over-year basis from 144 in June 2017 to 181 in June 2018. The number of new SFD listings in FMLS Area 23 increased 24.7% on a year-over-year basis from 73 in June 2017 to 91 in June 2018. 250
250
The number of SFD sales in FMLS Area 23 decreased 9.7% on a year-over-year basis from 62 in June 2017 to 56 in June 2018.
200
200
150
150
100
100
50
50
0
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
MONTHS OF INVENTORY The months of inventory for SFD in FMLS Area 23 increased 39.2% on a year-over-year basis from 2.3 months in June 2017 to 3.2 months in June 2018.
10 8 6 4 2 0
4Q15
www.evatlanta.com
2Q16
4Q16
2Q17
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS 23 || SFD SFD ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLSAREA AREA 23
12 52
MEDIAN SALE PRICE
+ 12.8%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 23 increased 11% on a year-over-year basis from $674,900 in June 2017 to $749,000 in June 2018.
$1,250,000 $1,000,000
The median sale price for SFD in FMLS Area 23 increased 12.8% on a year-over-year basis from $662,500 in June 2017 to $747,500 in June 2018.
$750,000 $500,000 $250,000 $0 4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 18.2%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 23 increased 12% on a year-over-year basis from $771,207 in June 2017 to $863,397 in June 2018.
$1,250,000 $1,000,000
The average sale price for SFD in FMLS Area 23 increased 18.2% on a year-over-year basis from $729,342 in June 2017 to $861,964 in June 2018.
$750,000 $500,000 $250,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | SFD
53 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 23 | SFD
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
+ 26.7%
The median number of continuous days on market (CDOM) for SFD in FMLS Area 23 increased 26.7% on a yearover-year basis from 15 days in June 2017 to 19 days in June 2018.
120
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
RATIO OF SP/OLP
+ 0.1%
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 23 increased 0.1% on a year-over-year basis from 98.4% in June 2017 to 98.5% in June 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.
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
24
ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 | 2Q18| FMLS | FMLS AREA AREA 24 ATLANTA INTELLIGENCE | 2Q18 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 July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 2 44 4 24 97% 0
$200K 2 $299K 4 64 5 24 99% 1
$300K 2 $399K 5 45 4 15 100% 2
$400K 2 $499K 13 24 2 82 96% 7
$500K 2 $599K 16 34 3 74 100% 7
$600K 2 $699K 1 9 1 61 100% 1
$700K 2 $799K 1 0 0 0 0% 0
$800K 2 $899K 1 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 45 220 18 37 99% 2
SOURCE: FMLS 2018; Area 24, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 24 from July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 3 40 3 54 94% 1
$200K 2 $299K 19 122 10 36 96% 2
$300K 2 $399K 25 190 16 29 98% 2
$400K 2 $499K 34 133 11 43 99% 3
$500K 2 $599K 32 90 8 48 99% 5
$600K 2 $699K 19 57 5 55 100% 4
$700K 2 $799K 8 35 3 31 99% 3
$800K 2 $899K 7 22 2 67 97% 4
$900K 2 $999K 2 6 1 31 97% 4
$1M 2 $2M 9 10 1 107 93% 11
$2M 2 $5M 0 0 0 0 0% 0
AVG/ >:$5M 0 0 0 0 0% 0
TOTALS 158 705 59 41 98% 3
SOURCE: FMLS 2018; Area 24, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
ENGEL & VÖLKERS ATLANTA
www.evatlanta.com
www.evatlanta.com
ATLANTA
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 June 2017 to 6 in June 2018. The number of new condo listings in FMLS Area 24 decreased 50% on a year-over-year basis from 12 in June 2017 to 6 in June 2018. The number of condo sales in FMLS Area 24 decreased 56.5% on a year-over-year basis from 23 in June 2017 to 10 in June 2018. The months of inventory for condos in FMLS Area 24 increased 53.3% on a year-over-year basis from 0.4 months in June 2017 to 0.6 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 34.4%
+ 1.5%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
- 33.3%
- 50%
- 56.5%
+ 53.3%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 26.3%
RATIO OF SP/OLP
- 16.7%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 24 | CONDOS
59 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 June 2017 to 6 in June 2018. The number of new condo listings in FMLS Area 24 decreased 50% on a year-over-year basis from 12 in June 2017 to 6 in June 2018.
50
50
The number of condo sales in FMLS Area 24 decreased 56.5% on a year-over-year basis from 23 in June 2017 to 10 in June 2018. 40
40
30
30
20
20
10
10
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY
10
The months of inventory for condos in FMLS Area 24 increased 53.3% on a year-over-year basis from 0.4 months in June 2017 to 0.6 months in June 2018.
8 6 4 2 0
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 24 24 || CONDOS CONDOS
12 60
MEDIAN SALE PRICE
+ 34.4%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for condos in FMLS Area 24 decreased 8% on a year-over-year basis from $254,950 in June 2017 to $234,500 in June 2018.
$900,000 $750,000 $600,000
The median sale price for condos in FMLS Area 24 increased 34.4% on a year-over-year basis from $208,300 in June 2017 to $280,00 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 26.3%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for condos in FMLS Area 24 decreased 5.6% on a year-over-year basis from $267,058 in June 2017 to $252,133 in June 2018.
$900,000 $750,000 $600,000
The average sale price for condos in FMLS Area 24 increased 26.3% on a year-over-year basis from $215,828 in June 2017 to $272,690 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 24 | CONDOS
61 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 24 | CONDOS
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
- 16.7%
The median number of continuous days on market (CDOM) for condos in FMLS Area 24 decreased 16.7% on a yearover-year basis from 6 days in June 2017 to 5 days in June 2018.
120
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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 The ratio of SP/OLP for condos in FMLS Area 24 increased 1.5% on a year-overyear basis from 99.5% in June 2017 to 101% in June 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%
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
10 62
ATLANTA MARKET | 2Q18 | FMLS AREA ATLANTA INTELLIGENCE MARKET INTELLIGENCE | 2Q18 | 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 105.3% on a year-over-year basis from 19 in June 2017 to 39 in June 2018. The number of new townhome listings in FMLS Area 24 decreased 20% on a year-over-year basis from 15 in June 2017 to 12 in June 2018. The number of townhome sales in FMLS Area 24 decreased 25% on a year-over-year basis from 12 in June 2017 to 9 in June 2018. The months of inventory for townhomes in FMLS Area 24 increased 173.7% on a year-over-year basis from 1.6 months in June 2017 to 4.3 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 30.7%
+ 0.1%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
+ 105.3%
- 20%
- 25%
+ 173.7%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 20.1%
RATIO OF SP/OLP
+ 16.7%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 24 | TOWNHOMES
63 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 24 | TOWNHOMES
SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 24 increased 105.3% on a year-over-year basis from 19 in June 2017 to 39 in June 2018.
50
40
The number of new townhome listings in FMLS Area 24 decreased 20% on a year-over-year basis from 15 in June 2017 to 12 in June 2018.
50
The number of townhome sales in FMLS Area 24 decreased 25% on a year-over-year basis from 12 in June 2017 to 9 in June 2018.
40
30
30
20
20
10
10
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 24 increased 173.7% on a yearover-year basis from 1.6 months in June 2017 to 4.3 months in June 2018.
16 12 8 4 0
4Q15
www.evatlanta.com
2Q16
4Q16
2Q17
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET | 2Q18 | FMLS AREA ATLANTA INTELLIGENCE MARKET INTELLIGENCE | 2Q18 | FMLS AREA24 24 | | TOWNHOMES TOWNHOMES
12 64
MEDIAN SALE PRICE
+ 30.7%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for townhomes in FMLS Area 24 increased 95.3% on a year-over-year basis from $243,000 in June 2017 to $474,500 in June 2018.
$900,000 $750,000 $600,000
The median sale price for townhomes in FMLS Area 24 increased 30.7% on a year-over-year basis from $336,575 in June 2017 to $440,000 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 20.1%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for townhomes in FMLS Area 24 increased 50.6% on a year-over-year basis from $299,387 in June 2017 to $450,858 in June 2018.
$900,000 $750,000 $600,000
The average sale price for townhomes in FMLS Area 24 increased 20.1% on a year-over-year basis from $377,214 in June 2017 to $453,199 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 24 | TOWNHOMES
65 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 24 | 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 24 increased 16.7% on a year-over-year basis from 6 days in June 2017 to 7 days in June 2018.
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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
+ 0.1%
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for townhomes in FMLS Area 24 increased 0.1% on a yearover-year basis from 100% in June 2017 to 100.1% in June 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%
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA ATLANTA MARKET INTELLIGENCE | 2Q18 SFD MARKET INTELLIGENCE | 2Q18| 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 decreased 2.2% on a year-over-year basis from 137 in June 2017 to 134 in June 2018. The number of new SFD listings in FMLS Area 24 decreased 17.6% on a year-over-year basis from 102 in June 2017 to 84 in June 2018. The number of SFD sales in FMLS Area 24 increased 36.1% on a year-over-year basis from 61 in June 2017 to 83 in June 2018. The months of inventory for SFD in FMLS Area 24 decreased 28.1% on a year-over-year basis from 2.2 months in June 2017 to 1.6 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 3.1%
+ 1.7%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
- 2.2%
- 17.6%
+ 36.1%
- 28.1%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 10%
RATIO OF SP/OLP
- 46.2%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 24 | SFD
67 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 24 | SFD
SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 24 decreased 2.2% on a year-over-year basis from 137 in June 2017 to 134 in June 2018. The number of new SFD listings in FMLS Area 24 decreased 17.6% on a year-over-year basis from 102 in June 2017 to 84 in June 2018. 250
250
The number of SFD sales in FMLS Area 24 increased 36.1% on a year-over-year basis from 61 in June 2017 to 83 in June 2018.
200
200
150
150
100
100
50
50
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY The months of inventory for SFD in FMLS Area 24 decreased 28.1% on a year-overyear basis from 2.2 months in June 2017 to 1.6 months in June 2018.
10 8 6 4 2 0 4Q15
www.evatlanta.com
2Q16
4Q16
2Q17
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 2Q18 | FMLS 24| |SFD SFD INTELLIGENCE | 2Q18 | FMLSAREA AREA 24
12 68
MEDIAN SALE PRICE
+ 3.1%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 24 increased 7.5% on a year-over-year basis from $416,650 in June 2017 to $449,500 in June 2018.
$900,000 $750,000 $600,000
The median sale price for SFD in FMLS Area 24 increased 3.1% on a year-over-year basis from $436,500 in June 2017 to $450,000 in June 2018.
$450,000 $300,000 $150,000 $0 4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 10%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 24 increased 8.9% on a year-over-year basis from $469,350 in June 2017 to $511,276 in June 2018.
$900,000 $750,000 $600,000
The average sale price for SFD in FMLS Area 24 increased 10% on a year-over-year basis from $446,322 in June 2017 to $490,828 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 24 | SFD
69 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 24 | SFD
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
- 46.2%
The median number of continuous days on market (CDOM) for SFD in FMLS Area 24 decreased 46.2% on a yearover-year basis from 13 days in June 2017 to 7 days in June 2018.
120
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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
+ 1.7%
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 24 increased 1.7% on a year-over-year basis from 98.3% in June 2017 to 100% in June 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%
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
51
ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 MARKET INTELLIGENCE REPORT | 2Q18| FMLS | FMLS AREA AREA 51 ATLANTA INTELLIGENCE | 2Q18 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 July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 7 121 10 27 98% 2
$200K 2 $299K 20 162 14 23 99% 2
$300K 2 $399K 10 73 6 32 98% 2
$400K 2 $499K 39 104 9 88 98% 5
$500K 2 $599K 13 55 5 90 98% 3
$600K 2 $699K 5 21 2 54 98% 3
$700K 2 $799K 5 7 1 70 107% 9
$800K 2 $899K 6 4 0 58 93% 18
$900K 2 $999K 0 1 0 0 101% 0
$1M 2 $2M 2 3 0 32 99% 8
$2M 2 $5M 0 0 0 0 0% 0
AVG/ >:$5M 0 0 0 0 0% 0
TOTALS 107 551 46 45 98% 2
SOURCE: FMLS 2018; Area 51, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 51 from July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 4 15 1 28 99% 1
$200K 2 $299K 5 88 7 28 95% 1
$300K 2 $399K 21 161 13 34 96% 2
$400K 2 $499K 23 147 12 31 98% 2
$500K 2 $599K 29 119 10 51 97% 3
$600K 2 $699K 16 97 8 82 96% 2
$700K 2 $799K 22 75 6 101 97% 4
$800K 2 $899K 17 55 5 64 97% 4
$900K 2 $999K 18 33 3 79 98% 7
$1M 2 $2M 29 31 3 94 95% 11
$2M 2 $5M 4 2 0 26 95% 24
AVG/ >:$5M 0 0 0 0 0% 0
TOTALS 188 823 69 53 96% 3
SOURCE: FMLS 2018; Area 51, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
ENGEL & VÖLKERS ATLANTA
www.evatlanta.com
www.evatlanta.com
ATLANTA
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 25.8% on a year-over-year basis from 31 in June 2017 to 23 in June 2018. The number of new condo listings in FMLS Area 51 decreased 36.8% on a year-over-year basis from 38 in June 2017 to 24 in June 2018. The number of condo sales in FMLS Area 51 decreased 47.2% on a year-over-year basis from 36 in June 2017 to 19 in June 2018. The months of inventory for condos in FMLS Area 51 increased 40.6% on a year-over-year basis from 0.9 months in June 2017 to 1.2 months in June 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
- 25.8%
- 36.8%
- 47.2%
+ 40.6%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 5%
+ 4.6%
- 2.3%
- 36.4%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | CONDOS
75 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | CONDOS
SUPPLY DYNAMICS The number of active condo listings in FMLS Area 51 decreased 25.8% on a year-over-year basis from 31 in June 2017 to 23 in June 2018. The number of new condo listings in FMLS Area 51 decreased 36.8% on a year-over-year basis from 38 in June 2017 to 24 in June 2018. The number of condo sales in FMLS Area 51 decreased 47.2% on a year-over-year basis from 36 in June 2017 to 19 in June 2018.
100
100
80
80
60
60
40
40
20
20
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY 10
The months of inventory for condos in FMLS Area 51 increased 40.6% on a year-over-year basis from 0.9 months in June 2017 to 1.2 months in June 2018.
8 6 4 2 0
4Q15
2Q16
4Q16
www.evatlanta.com
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | CONDOS ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | CONDOS
12 76
MEDIAN SALE PRICE
+ 5%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for condos in FMLS Area 51 decreased 4.5% on a year-over-year basis from $224,950 in June 2017 to $214,900 in June 2018.
$900,000 $750,000 $600,000
The median sale price for condos in FMLS Area 51 increased 5% on a year-over-year basis from $200,000 in June 2017 to $210,000 in June 2018.
$450,000 $300,000 $150,000 $0 4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 4.6%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for condos in FMLS Area 51 increased 11.9% on a year-over-year basis from $211,692 in June 2017 to $239,987 in June 2018.
$900,000 $750,000 $600,000
The average sale price for condos in FMLS Area 51 increased 4.6% on a year-over-year basis from $208,511 in June 2017 to $218,005 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | CONDOS
77 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | CONDOS
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
- 36.4%
The median number of continuous days on market (CDOM) for condos in FMLS Area 51 decreased 36.4% on a yearover-year basis from 11 days in June 2017 to 7 days in June 2018.
120
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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
- 2.3%
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for condos in FMLS Area 51 decreased 2.3% on a year-overyear basis from 100% in June 2017 to 97.7% in June 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%
4Q15
2Q16
4Q16
www.evatlanta.com
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
10 78
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 12.7% on a year-over-year basis from 71 in June 2017 to 80 in June 2018. The number of new townhome listings in FMLS Area 51 increased 58.1% on a year-over-year basis from 31 in June 2017 to 49 in June 2018. The number of townhome sales in FMLS Area 51 increased 7.4% on a year-over-year basis from 27 in June 2017 to 29 in June 2018. The months of inventory for townhomes in FMLS Area 51 increased 4.9% on a year-over-year basis from 2.6 months in June 2017 to 2.8 months in June 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
+ 12.7%
+ 58.1%
+ 7.4%
+ 4.9%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 18%
+ 2.1%
- 0.7%
+ 115.8%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | TOWNHOMES
79 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | TOWNHOMES
SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 51 increased 12.7% on a year-over-year basis from 71 in June 2017 to 80 in June 2018. The number of new townhome listings in FMLS Area 51 increased 58.1% on a year-over-year basis from 31 in June 2017 to 49 in June 2018. 120
120
The number of townhome sales in FMLS Area 51 increased 7.4% on a year-over-year basis from 27 in June 2017 to 29 in June 2018.
100
100
80
80
60
60
40
40
20
20
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 51 increased 4.9% on a yearover-year basis from 2.6 months in June 2017 to 2.8 months in June 2018.
10 8 6 4 2 0 4Q15
2Q16
www.evatlanta.com
4Q16
2Q17
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | TOWNHOMES ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | TOWNHOMES
12 80
MEDIAN SALE PRICE
+ 18%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for townhomes in FMLS Area 51 decreased 17.9% on a year-over-year basis from $534,728 in June 2017 to $438,950 in June 2018.
$750,000 $600,000
The median sale price for townhomes in FMLS Area 51 increased 18% on a year-over-year basis from $400,000 in June 2017 to $472,000 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 2.1%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for townhomes in FMLS Area 51 decreased 24.6% on a year-over-year basis from $530,014 in June 2017 to $399,875 in June 2018.
$750,000 $600,000 $450,000
The average sale price for townhomes in FMLS Area 51 increased 2.1% on a year-over-year basis from $435,906 in June 2017 to $445,003 in June 2018.
$300,000 $150,000 $0 4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | TOWNHOMES
81 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | TOWNHOMES
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
+ 115.8%
The median number of continuous days on market (CDOM) for townhomes in FMLS Area 51 increased 115.8% on a year-over-year basis from 19 days in June 2017 to 41 days in June 2018.
120
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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 51 decreased 0.7% on a yearover-year basis from 98.5% in June 2017 to 97.8% in June 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%
4Q15
2Q16
4Q16
www.evatlanta.com
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
10 82
ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 2Q18 51| |SFD SFD INTELLIGENCE | 2Q18| FMLS | FMLS AREA AREA 51
FMLS AREA 51
SINGLE FAMILY DETACHED (SFD)
SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 51 decreased 14.3% on a year-over-year basis from 223 in June 2017 to 191 in June 2018. The number of new SFD listings in FMLS Area 51 increased 6.3% on a year-over-year basis from 112 in June 2017 to 119 in June 2018. The number of SFD sales in FMLS Area 51 increased 21.7% on a year-over-year basis from 83 in June 2017 to 101 in June 2018. The months of inventory for SFD in FMLS Area 51 decreased 29.6% on a year-over-year basis from 2.7 months in June 2017 to 1.9 months in June 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
- 14.3%
+ 6.3%
+ 21.7%
- 29.6%
ENGEL & VÖLKERS ATLANTA ATLANTA
+ 10.3%
+ 11.7%
- 0.9%
- 53.6%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | SFD
83 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | SFD
SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 51 decreased 14.3% on a year-over-year basis from 223 in June 2017 to 191 in June 2018. The number of new SFD listings in FMLS Area 51 increased 6.3% on a year-over-year basis from 112 in June 2017 to 119 in June 2018. 400
400
The number of SFD sales in FMLS Area 51 increased 21.7% on a year-over-year basis from 83 in June 2017 to 101 in June 2018.
300
300
200
200
100
100
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY The months of inventory for SFD in FMLS Area 51 decreased 29.6% on a year-overyear basis from 2.7 months in June 2017 to 1.9 months in June 2018.
10 8 6 4 2 0
4Q15
www.evatlanta.com
2Q16
4Q16
2Q17
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 2Q18 | FMLS 51 | | SFD SFD INTELLIGENCE | 2Q18 | FMLSAREA AREA 51
12 84
MEDIAN SALE PRICE
+ 10.3%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 51 decreased 6.1% on a year-over-year basis from $569,950 in June 2017 to $535,000 in June 2018.
$900,000 $750,000 $600,000
The median sale price for SFD in FMLS Area 51 increased 10.3% on a year-over-year basis from $515,000 in June 2017 to $568,000 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 11.7%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 51 increased 5.7% on a year-over-year basis from $610,168 in June 2017 to $644,882 in June 2018.
$900,000 $750,000 $600,000
The average sale price for SFD in FMLS Area 51 increased 11.7% on a year-over-year basis from $534,507 in June 2017 to $597,241 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | SFD
85 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 51 | SFD
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
- 53.6%
The median number of continuous days on market (CDOM) for SFD in FMLS Area 51 decreased 53.6% on a yearover-year basis from 28 days in June 2017 to 13 days in June 2018.
120
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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
+ 0.9%
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 51 increased 0.9% on a year-over-year basis from 97.5% in June 2017 to 98.4% in June 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%
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
52
ATLANTA MARKET INTELLIGENCE | 2Q18 | 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
www.evatlanta.com
ATLANTA MARKET INTELLIGENCE REPORT | 2Q18 | FMLS AREA 52
ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 32 318 27 25 95% 2
$200K 2 $299K 20 137 11 29 99% 2
$300K 2 $399K 13 79 7 22 98% 3
$400K 2 $499K 7 100 8 65 97% 1
$500K 2 $599K 15 18 2 136 96% 19
$600K 2 $699K 8 19 2 71 99% 5
$700K 2 $799K 1 7 1 52 104% 2
$800K 2 $899K 7 0 0 0 0% 0
$900K 2 $999K 1 1 0 1 100% 12
$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 104 679 57 36 97% 2
SOURCE: FMLS 2018; Area 52, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 52 from July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 44 524 44 41 92% 1
$200K 2 $299K 98 475 40 39 97% 3
$300K 2 $399K 87 442 37 38 97% 3
$400K 2 $499K 79 356 30 45 97% 3
$500K 2 $599K 64 230 19 52 97% 3
$600K 2 $699K 26 136 11 58 97% 2
$700K 2 $799K 39 86 7 81 97% 5
$800K 2 $899K 15 70 6 60 99% 3
$900K 2 $999K 12 35 3 76 93% 4
$1M 2 $2M 38 53 4 100 98% 9
$2M 2 $5M 7 4 0 8 95% 21
AVG/ >:$5M 0 0 0 0 0% 0
TOTALS 509 2411 201 47 96% 3
SOURCE: FMLS 2018; Area 52, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
ENGEL & VÖLKERS ATLANTA
www.evatlanta.com
www.evatlanta.com
ATLANTA
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 increased 40.5% on a year-over-year basis from 37 in June 2017 to 52 in June 2018. The number of new condo listings in FMLS Area 52 increased 36.8% on a year-over-year basis from 38 in June 2017 to 52 in June 2018. The number of condo sales in FMLS Area 52 decreased 14.6% on a year-over-year basis from 41 in June 2017 to 35 in June 2018. The months of inventory for condos in FMLS Area 52 increased 64.6% on a year-over-year basis from 0.9 months in June 2017 to 1.5 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 21.9%
+ 1.1%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
+ 40.5%
+ 36.8%
- 14.6%
+ 64.6%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 22.7%
RATIO OF SP/OLP
+/- 0%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 52 | CONDOS
91 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 52 | CONDOS
SUPPLY DYNAMICS The number of active condo listings in FMLS Area 52 increased 40.5% on a year-over-year basis from 37 in June 2017 to 52 in June 2018. The number of new condo listings in FMLS Area 52 increased 36.8% on a year-over-year basis from 38 in June 2017 to 52 in June 2018. The number of condo sales in FMLS Area 52 decreased 14.6% on a year-over-year basis from 41 in June 2017 to 35 in June 2018.
125
125
100
100
75
75
50
50
25
25
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY 10
The months of inventory for condos in FMLS Area 52 increased 64.6% on a year-over-year basis from 0.9 months in June 2017 to 1.5 months in June 2018.
8 6 4 2 0
4Q15
2Q16
4Q16
www.evatlanta.com
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS CONDOS ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLSAREA AREA 52 52 || CONDOS
12 92
MEDIAN SALE PRICE
+ 21.9%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for condos in FMLS Area 52 increased 18.4% on a year-over-year basis from $168,900 in June 2017 to $199,900 in June 2018.
$900,000 $750,000 $600,000
The median sale price for condos in FMLS Area 52 increased 21.9% on a year-over-year basis from $155,000 in June 2017 to $189,000 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 22.7%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for condos in FMLS Area 52 increased 50% on a year-over-year basis from $155,844 in June 2017 to $233,692 in June 2018.
$900,000 $750,000 $600,000
The average sale price for condos in FMLS Area 52 increased 22.7% on a year-over-year basis from $169,076 in June 2017 to $207,444 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 52 | CONDOS
93 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 52 | CONDOS
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
+/- 0%
The median number of continuous days on market (CDOM) for condos in FMLS Area 52 stayed constant on a year-overyear basis from 5 days in June 2017 to 5 days in June 2018.
120
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
RATIO OF SP/OLP
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE
+ 1.1%
The ratio of SP/OLP for condos in FMLS Area 52 increased 1.1% on a year-overyear basis from 100% in June 2017 to 101.1% in June 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.
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
10 94
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 12.9% on a year-over-year basis from 62 in June 2017 to 54 in June 2018. The number of new townhome listings in FMLS Area 52 decreased 10.3% on a year-over-year basis from 39 in June 2017 to 35 in June 2018. The number of townhome sales in FMLS Area 52 decreased 11.1% on a year-over-year basis from 36 in June 2017 to 32 in June 2018. The months of inventory for townhomes in FMLS Area 52 decreased 2% on a year-over-year basis from 1.7 months in June 2017 to 1.6 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 1.1%
+ 1.5%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
- 12.9%
- 10.3%
- 11.1%
- 2.0%
ATLANTA ENGEL & VÖLKERS ATLANTA
- 3.6%
RATIO OF SP/OLP
- 50%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 52 | TOWNHOMES
95 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 52 | TOWNHOMES
SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 52 decreased 12.9% on a year-over-year basis from 62 in June 2017 to 54 in June 2018. The number of new townhome listings in FMLS Area 52 decreased 10.3% on a year-over-year basis from 39 in June 2017 to 35 in June 2018. 150
150
The number of townhome sales in FMLS Area 52 decreased 11.1% on a year-over-year basis from 36 in June 2017 to 32 in June 2018.
120
120
90
90
60
60
30
30
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 52 decreased 2% on a year-overyear basis from 1.7 months in June 2017 to 1.6 months in June 2018.
10 8 6 4 2 0
4Q15
2Q16
www.evatlanta.com
4Q16
2Q17
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA52 52 | | TOWNHOMES TOWNHOMES
12 96
MEDIAN SALE PRICE
+ 1.1%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for townhomes in FMLS Area 52 increased 3.6% on a year-over-year basis from $275,000 in June 2017 to $285,000 in June 2018.
$750,000 $600,000 $450,000
The median sale price for townhomes in FMLS Area 52 increased 1.1% on a year-over-year basis from $369,500 in June 2017 to $373,500 in June 2018.
$300,000 $150,000 $0 4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
- 3.6%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for townhomes in FMLS Area 52 increased 24.3% on a year-over-year basis from $280,156 in June 2017 to $348,277 in June 2018.
$750,000 $600,000 $450,000
The average sale price for townhomes in FMLS Area 52 decreased 3.6% on a year-over-year basis from $344,885 in June 2017 to $332,588 in June 2018.
$300,000 $150,000 $0 4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 52 | TOWNHOMES
97 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 52 | TOWNHOMES
MEDIAN CDOM
- 50%
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
120
The median number of continuous days on market (CDOM) for townhomes in FMLS Area 52 decreased 50% on a year-over-year basis from 12 days in June 2017 to 6 days in June 2018.
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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 The ratio of SP/OLP for townhomes in FMLS Area 52 increased 1.5% on a yearover-year basis from 98.5% in June 2017 to 100% in June 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%
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 2Q18 52| |SFD SFD INTELLIGENCE | 2Q18| 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 0.2% on a year-over-year basis from 524 in June 2017 to 523 in June 2018. The number of new SFD listings in FMLS Area 52 increased 10.3% on a year-over-year basis from 301 in June 2017 to 332 in June 2018. The number of SFD sales in FMLS Area 52 decreased 7.3% on a year-over-year basis from 247 in June 2017 to 229 in June 2018. The months of inventory for SFD in FMLS Area 52 increased 7.7% on a yearover-year basis from 2.1 months in June 2017 to 2.3 months in June 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
- 0.2%
+ 10.3%
- 7.3%
+ 7.7%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 11.6%
+ 15.9%
- 0.3%
+ 20%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 52 | SFD
99 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 52 | SFD
SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 52 decreased 0.2% on a year-over-year basis from 524 in June 2017 to 523 in June 2018. The number of new SFD listings in FMLS Area 52 increased 10.3% on a year-over-year basis from 301 in June 2017 to 332 in June 2018. The number of SFD sales in FMLS Area 52 decreased 7.3% on a year-over-year basis from 247 in June 2017 to 229 in June 2018.
800
800
600
600
400
400
200
200
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY The months of inventory for SFD in FMLS Area 52 increased 7.7% on a year-over-year basis from 2.1 months in June 2017 to 2.3 months in June 2018.
10 8 6 4 2 0 4Q15
www.evatlanta.com
2Q16
4Q16
2Q17
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 2Q18 | FMLS 52 | | SFD SFD INTELLIGENCE | 2Q18 | FMLSAREA AREA 52
12100
MEDIAN SALE PRICE
MEDIAN LIST PRICE VS MEDIAN SALE PRICE
+ 11.6%
The median list price for SFD in FMLS Area 52 decreased 5.2% on a year-over-year basis from $397,000 in June 2017 to $376,250 in June 2018.
$900,000 $750,000 $600,000
The median sale price for SFD in FMLS Area 52 increased 11.6% on a year-over-year basis from $348,500 in June 2017 to $389,000 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
AVERAGE LIST PRICE VS AVERAGE SALE PRICE
+ 15.9%
The average list price for SFD in FMLS Area 52 increased 1.7% on a year-over-year basis from $429,266 in June 2017 to $436,625 in June 2018.
$900,000 $750,000 $600,000
The average sale price for SFD in FMLS Area 52 increased 15.9% on a year-over-year basis from $383,967 in June 2017 to $444,852 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 52 | SFD
101 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 52 | SFD
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
+ 20%
The median number of continuous days on market (CDOM) for SFD in FMLS Area 52 increased 20% on a year-overyear basis from 10 days in June 2017 to 12 days in June 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 SFD in FMLS Area 52 decreased 0.3% on a year-over-year basis from 99.2% in June 2017 to 98.9% in June 2018.
102% 100%
The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.
98% 96% 94% 92%
3Q15
www.evatlanta.com
1Q16
3Q16
ENGEL & VÖLKERS ATLANTA
1Q17
3Q17
1Q18
ATLANTA www.evatlanta.com
71
ATLANTA MARKET INTELLIGENCE | 2Q18 | 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
www.evatlanta.com
ATLANTA MARKET MARKET INTELLIGENCE REPORT | 2Q18| FMLS | FMLS AREA AREA 71 ATLANTA INTELLIGENCE | 2Q18 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 July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 12 90 8 29 98% 3
$200K 2 $299K 11 160 13 34 98% 1
$300K 2 $399K 22 81 7 40 98% 4
$400K 2 $499K 4 21 2 145 96% 2
$500K 2 $599K 8 11 1 56 96% 13
$600K 2 $699K 3 9 1 63 93% 4
$700K 2 $799K 1 5 0 43 97% 2
$800K 2 $899K 1 4 0 61 95% 3
$900K 2 $999K 8 9 1 199 99% 11
$1M 2 $2M 5 6 1 49 98% 10
$2M 2 $5M 0 0 0 0 0% 0
AVG/ >:$5M 0 0 0 0 0% 0
TOTALS 75 396 33 45 98% 2
SOURCE: FMLS 2018; Area 71, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 71 from July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 6 60 5 27 97% 1
$200K 2 $299K 6 34 3 36 97% 2
$300K 2 $399K 13 28 2 34 96% 6
$400K 2 $499K 4 20 2 38 98% 3
$500K 2 $599K 4 13 1 51 97% 4
$600K 2 $699K 5 11 1 90 94% 5
$700K 2 $799K 8 5 0 114 94% 19
$800K 2 $899K 9 2 0 49 97% 54
$900K 2 $999K 9 0 0 0 0% 0
$1M 2 $2M 8 13 1 107 94% 7
$2M 2 $5M 3 1 0 75 95% 36
AVG/ >:$5M 0 0 0 0 0% 0
TOTALS 75 187 16 44 96% 5
SOURCE: FMLS 2018; Area 71, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
ENGEL & VÖLKERS ATLANTA
www.evatlanta.com
www.evatlanta.com
ATLANTA
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 38.5% on a year-over-year basis from 39 in June 2017 to 24 in June 2018. The number of new condo listings in FMLS Area 71 decreased 48.4% on a year-over-year basis from 31 in June 2017 to 16 in June 2018. The number of condo sales in FMLS Area 71 stayed constant on a year-over-year basis from 17 in June 2017 to 17 in June 2018. The months of inventory for condos in FMLS Area 71 decreased 38.5% on a year-over-year basis from 2.3 months in June 2017 to 1.4 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 5.7%
+ 1.7%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
- 38.5%
- 48.4%
+/- 0%
- 38.5%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 2.9%
RATIO OF SP/OLP
- 11.1%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | CONDOS
107 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | CONDOS
SUPPLY DYNAMICS The number of active condo listings in FMLS Area 71 decreased 38.5% on a year-over-year basis from 39 in June 2017 to 24 in June 2018. The number of new condo listings in FMLS Area 71 decreased 48.4% on a year-over-year basis from 31 in June 2017 to 16 in June 2018. The number of condo sales in FMLS Area 71 stayed constant on a year-over-year basis from 17 in June 2017 to 17 in June 2018.
80
80
60
60
40
40
20
20
0
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
MONTHS OF INVENTORY 10
The months of inventory for condos in FMLS Area 71 decreased 38.5% on a year-overyear basis from 2.3 months in June 2017 to 1.4 months in June 2018.
8 6 4 2 0
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA71 71 || CONDOS CONDOS
12108
MEDIAN SALE PRICE
+ 5.7%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for condos in FMLS Area 71 decreased 35.6% on a year-over-year basis from $287,000 in June 2017 to $184,950 in June 2018.
$900,000 $750,000 $600,000
The median sale price for condos in FMLS Area 71 increased 5.7% on a year-over-year basis from $238,000 in June 2017 to $251,500 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 2.9%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for condos in FMLS Area 71 decreased 44.3% on a year-over-year basis from $358,853 in June 2017 to $199,969 in June 2018.
$900,000 $750,000 $600,000
The average sale price for condos in FMLS Area 71 increased 2.9% on a year-over-year basis from $239,935 in June 2017 to $246,906 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | CONDOS
109 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | CONDOS
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
- 11.1%
The median number of continuous days on market (CDOM) for condos in FMLS Area 71 decreased 11.1% on a yearover-year basis from 9 days in June 2017 to 8 days in June 2018.
120
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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
+ 1.7%
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for condos in FMLS Area 71 increased 1.7% on a year-overyear basis from 96.7% in June 2017 to 98.3% in June 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%
4Q15
2Q16
4Q16
www.evatlanta.com
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
10110
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA71 71 || TOWNHOMES TOWNHOMES
FMLS AREA 71 TOWNHOMES
SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 71 increased 18.2% on a year-over-year basis from 33 in June 2017 to 39 in June 2018. The number of new townhome listings in FMLS Area 71 decreased 9.1% on a year-over-year basis from 22 in June 2017 to 20 in June 2018. The number of townhome sales in FMLS Area 71 increased 58.8% on a year-over-year basis from 17 in June 2017 to 27 in June 2018. The months of inventory for townhomes in FMLS Area 71 decreased 25.6% on a year-over-year basis from 1.9 months in June 2017 to 1.4 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 12.3%
+ 1.6%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
+ 18.2%
- 9.1%
+ 58.8%
- 25.6%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 36%
RATIO OF SP/OLP
+ 6.3%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | TOWNHOMES
111 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | TOWNHOMES
SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 71 increased 18.2% on a year-over-year basis from 33 in June 2017 to 39 in June 2018. The number of new townhome listings in FMLS Area 71 decreased 9.1% on a year-over-year basis from 22 in June 2017 to 20 in June 2018. 100
100
The number of townhome sales in FMLS Area 71 increased 58.8% on a year-over-year basis from 17 in June 2017 to 27 in June 2018.
75
75
50
50
25
25
0
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 71 decreased 25.6% on a yearover-year basis from 1.9 months in June 2017 to 1.4 months in June 2018.
10 8 6 4 2 0
4Q15
2Q16
www.evatlanta.com
4Q16
2Q17
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | TOWNHOMES ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | TOWNHOMES
12112
MEDIAN SALE PRICE
+ 12.3%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for townhomes in FMLS Area 71 increased 11.8% on a year-over-year basis from $286,000 in June 2017 to $319,654 in June 2018.
$500,000 $400,000 $300,000
The median sale price for townhomes in FMLS Area 71 increased 12.3% on a year-over-year basis from $285,000 in June 2017 to $320,000 in June 2018.
$200,000 $100,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 36%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for townhomes in FMLS Area 71 increased 4.4% on a year-over-year basis from $316,764 in June 2017 to $330,620 in June 2018.
$500,000 $400,000 $300,000
The average sale price for townhomes in FMLS Area 71 increased 36% on a year-over-year basis from $292,935 in June 2017 to $398,488 in June 2018.
$200,000 $100,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | TOWNHOMES
113 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | TOWNHOMES
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
+ 6.3% 120
The median number of continuous days on market (CDOM) for townhomes in FMLS Area 71 increased 6.3% on a year-over-year basis from 16 days in June 2017 to 17 days in June 2018.
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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
+ 1.6%
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for townhomes in FMLS Area 71 increased 1.6% on a yearover-year basis from 98.4% in June 2017 to 100% in June 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%
4Q15
2Q16
4Q16
www.evatlanta.com
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA ATLANTA MARKET INTELLIGENCE | 2Q18 71| |SFD SFD MARKET INTELLIGENCE | 2Q18| 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 75.6% on a year-over-year basis from 45 in June 2017 to 79 in June 2018. The number of new SFD listings in FMLS Area 71 increased 150% on a year-over-year basis from 12 in June 2017 to 30 in June 2018. The number of SFD sales in FMLS Area 71 decreased 25% on a year-over-year basis from 16 in June 2017 to 12 in June 2018. The months of inventory for SFD in FMLS Area 71 increased 134.1% on a year-overyear basis from 2.8 months in June 2017 to 6.6 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 34%
+ 0.7%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
+ 75.6%
+ 150%
- 25%
+ 134.1%
ATLANTA ENGEL & VÖLKERS ATLANTA
- 1.7%
RATIO OF SP/OLP
+ 35%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | SFD
115 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | SFD
SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 71 increased 75.6% on a year-over-year basis from 45 in June 2017 to 79 in June 2018. The number of new SFD listings in FMLS Area 71 increased 150% on a year-over-year basis from 12 in June 2017 to 30 in June 2018. 100
100
The number of SFD sales in FMLS Area 71 decreased 25% on a year-over-year basis from 16 in June 2017 to 12 in June 2018.
80
80
60
60
40
40
20
20
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY The months of inventory for SFD in FMLS Area 71 increased 134.1% on a year-overyear basis from 2.8 months in June 2017 to 6.6 months in June 2018.
16 12 8 4 0 4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 2Q18 | FMLS 71 | | SFD SFD INTELLIGENCE | 2Q18 | FMLSAREA AREA 71
12116
MEDIAN SALE PRICE
+ 34%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 71 decreased 38.8% on a year-over-year basis from $408,450 in June 2017 to $249,950 in June 2018.
$1,200,000 $1,000,000 $800,000
The median sale price for SFD in FMLS Area 71 increased 34% on a year-over-year basis from $327,133 in June 2017 to $438,500 in June 2018.
$600,000 $400,000 $200,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
- 1.7%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 71 decreased 27.5% on a year-over-year basis from $474,733 in June 2017 to $344,373 in June 2018.
$1,200,000 $1,000,000 $800,000
The average sale price for SFD in FMLS Area 71 decreased 1.7% on a year-over-year basis from $565,835 in June 2017 to $556,083 in June 2018.
$600,000 $400,000 $200,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | SFD
117 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 71 | SFD
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
+ 35%
The median number of continuous days on market (CDOM) for SFD in FMLS Area 71 increased 35% on a year-overyear basis from 20 days in June 2017 to 27 days in June 2018.
200
150
100
50
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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 SFD in FMLS Area 71 increased 0.7% on a year-over-year basis from 96.8% in June 2017 to 97.5% in June 2018.
104% 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.
96% 92% 88% 84%
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
132
ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 | 2Q18 | FMLS AREA 132 ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 July 1, 2017 to June 30, 2018.
CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY
$0 2 $199K 5 68 6 25 99% 1
$200K 2 $299K 7 38 3 25 98% 2
$300K 2 $399K 7 24 2 52 97% 5
$400K 2 $499K 13 58 5 63 97% 3
$500K 2 $599K 9 31 3 57 99% 6
$600K 2 $699K 2 4 0 30 99% 6
$700K 2 $799K 0 1 0 4 100% 0
$800K 2 $899K 0 2 0 385 84% 0
$900K 2 $999K 3 2 0 334 99% 18
$1M 2 $2M 1 1 0 457 89% 12
$2M 2 $5M 0 0 0 0 0% 0
AVG/ >:$5M 0 0 0 0 0% 0
TOTALS 47 229 19 52 97% 2
SOURCE: FMLS 2018; Area 132, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 132 from July 1, 2017 to June 30, 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 90% 0
$300K 2 $399K 0 11 1 65 88% 0
$400K 2 $499K 10 25 2 77 91% 5
$500K 2 $599K 13 40 3 49 95% 4
$600K 2 $699K 16 42 4 90 91% 5
$700K 2 $799K 14 22 2 96 94% 8
$800K 2 $899K 17 26 2 91 95% 8
$900K 2 $999K 12 13 1 118 92% 11
$1M 2 $2M 75 77 6 143 92% 12
$2M 2 $5M 25 17 1 206 91% 18
AVG/ >:$5M 2 0 0 0 0% 0
TOTALS 184 274 23 107 92% 8
SOURCE: FMLS 2018; Area 132, All attached product closed trailing 12 months (July 1, 2017 – June 30, 2018)
ENGEL & VÖLKERS ATLANTA
www.evatlanta.com
www.evatlanta.com
ATLANTA
ATLANTA MARKET | 2Q18 | FMLS AREA 132 ATLANTAINTELLIGENCE MARKET INTELLIGENCE | 2Q18 | 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 41.7% on a year-over-year basis from 12 in June 2017 to 17 in June 2018. The number of new condo listings in FMLS Area 132 decreased 40% on a year-over-year basis from 15 in June 2017 to 9 in June 2018. The number of condo sales in FMLS Area 132 saw no change on a year-over-year basis from 14 in June 2017 to 14 in June 2018. The months of inventory for condos in FMLS Area 132 increased 41.7% on a year-over-year basis from 0.9 months in June 2017 to 1.2 months in June 2018.
MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON
NUMBER OF ACTIVE LISTINGS
NUMBER OF CLOSINGS
MEDIAN SALE PRICE
+ 48.7%
+ 0.5%
NUMBER OF NEW LISTINGS
MONTHS OF INVENTORY
AVERAGE SALE PRICE
MEDIAN CDOM
+ 41.7%
- 40%
+/- 0%
+ 41.7%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 31.4%
RATIO OF SP/OLP
- 60%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 132 | CONDOS
123 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 132 | CONDOS
SUPPLY DYNAMICS The number of active condo listings in FMLS Area 132 increased 41.7% on a year-over-year basis from 12 in June 2017 to 17 in June 2018. The number of new condo listings in FMLS Area 132 decreased 40% on a year-over-year basis from 15 in June 2017 to 9 in June 2018.
40
40
The number of condo sales in FMLS Area 132 saw no change on a year-over-year basis from 14 in June 2017 to 14 in June 2018. 30
30
20
20
10
10
0
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
MONTHS OF INVENTORY
16
The months of inventory for condos in FMLS Area 132 increased 41.7% on a year-overyear basis from 0.9 months in June 2017 to 1.2 months in June 2018.
12 8 4 0
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET | 2Q18 | FMLS AREA 132 ATLANTAINTELLIGENCE MARKET INTELLIGENCE | 2Q18 | FMLS AREA 132| |CONDOS CONDOS
12124
MEDIAN SALE PRICE
+ 48.7%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE
$900,000
The median list price for condos in FMLS Area 132 increased 57.1% on a year-over-year basis from $175,000 in June 2017 to $275,000 in June 2018.
$750,000 $600,000
The median sale price for condos in FMLS Area 132 increased 48.7% on a year-over-year basis from $114,500 in June 2017 to $170,250 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 31.4%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE
$900,000
The average list price for condos in FMLS Area 132 increased 21.5% on a year-over-year basis from $217,860 in June 2017 to $264,644 in June 2018.
$750,000 $600,000
The average sale price for condos in FMLS Area 132 increased 31.4% on a year-over-year basis from $150,986 in June 2017 to $198,341 in June 2018.
$450,000 $300,000 $150,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 132 | CONDOS
125 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 132 | CONDOS
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
- 60% 120
The median number of continuous days on market (CDOM) for condos in FMLS Area 132 decreased 60% on a yearover-year basis from 20 days in June 2017 to 8 days in June 2018.
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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
102%
The ratio of SP/OLP for condos in FMLS Area 132 increased 0.5% on a year-overyear basis from 98.2% in June 2017 to 98.7% in June 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% 4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
10126
ATLANTA MARKET | 2Q18 | FMLS AREA 132 ATLANTAINTELLIGENCE MARKET INTELLIGENCE | 2Q18 | 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 no change on a year-over-year basis from 30 in June 2017 to 30 in June 2018. The number of new townhome listings in FMLS Area 132 decreased 47.8% on a year-over-year basis from 23 in June 2017 to 12 in June 2018. The number of townhome sales in FMLS Area 132 increased 9.1% on a year-over-year basis from 11 in June 2017 to 12 in June 2018. The months of inventory for townhomes in FMLS Area 132 decreased 8.3% on a year-over-year basis from 2.7 months in June 2017 to 2.5 months in June 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%
- 47.8%
+ 9.1%
- 8.3%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 9%
+ 6.4%
- 0.2%
- 6.1%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 132 | TOWNHOMES
127 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 132 | TOWNHOMES
SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 132 saw no change on a year-over-year basis from 30 in June 2017 to 30 in June 2018.
75
60
The number of new townhome listings in FMLS Area 132 decreased 47.8% on a year-over-year basis from 23 in June 2017 to 12 in June 2018.
75
The number of townhome sales in FMLS Area 132 increased 9.1% on a year-over-year basis from 11 in June 2017 to 12 in June 2018.
60
45
45
30
30
15
15
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 132 decreased 8.3% on a yearover-year basis from 2.7 months in June 2017 to 2.5 months in June 2018.
15 12 9 6 3 0
4Q15
2Q16
4Q16
2Q17
www.evatlanta.com
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET | 2Q18| 2Q18 | FMLS AREA 132 ATLANTAINTELLIGENCE MARKET INTELLIGENCE | FMLS AREA 132| TOWNHOMES | TOWNHOMES
12128
MEDIAN SALE PRICE
+ 9%
MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for townhomes in FMLS Area 132 increased 14.2% on a year-over-year basis from $483,386 in June 2017 to $552,188 in June 2018.
$1,000,000 $800,000 $600,000
The median sale price for townhomes in FMLS Area 132 increased 9% on a year-over-year basis from $429,620 in June 2017 to $468,260 in June 2018.
$400,000 $200,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
+ 6.4%
AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for townhomes in FMLS Area 132 increased 1.4% on a year-over-year basis from $457,689 in June 2017 to $463,903 in June 2018.
$1,000,000 $800,000 $600,000
The average sale price for townhomes in FMLS Area 132 increased 6.4% on a year-over-year basis from $436,255 in June 2017 to $463,981 in June 2018.
$400,000 $200,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 132 | TOWNHOMES
129 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 132 | TOWNHOMES
MEDIAN CDOM
- 6.1%
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
120
The median number of continuous days on market (CDOM) for townhomes in FMLS Area 132 decreased 6.1% on a year-over-year basis from 49 days in June 2017 to 46 days in June 2018.
90
60
30
0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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 townhomes in FMLS Area 132 decreased 0.2% on a yearover-year basis from 98.8% in June 2017 to 98.6% in June 2018.
103.0% 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.
97.0% 94.0% 91.0% 88.0%
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA SFD ATLANTA MARKET INTELLIGENCE | 2Q18 | 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 increased 2.8% on a year-over-year basis from 176 in June 2017 to 181 in June 2018. The number of new SFD listings in FMLS Area 132 increased 4.4% on a year-over-year basis from 45 in June 2017 to 47 in June 2018. The number of SFD sales in FMLS Area 132 decreased 3.2% on a year-over-year basis from 31 in June 2017 to 30 in June 2018. The months of inventory for SFD in FMLS Area 132 increased 6.3% on a yearover-year basis from 5.7 months in June 2017 to 6 months in June 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
+ 2.8%
+ 4.4%
- 3.2%
+ 6.3%
ATLANTA ENGEL & VÖLKERS ATLANTA
+ 6.8%
+ 8.2%
- 1.7%
+/- 0%
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 132 | SFD
131 11
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 121 | SFD
SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 132 increased 2.8% on a year-over-year basis from 176 in June 2017 to 181 in June 2018. The number of new SFD listings in FMLS Area 132 increased 4.4% on a year-over-year basis from 45 in June 2017 to 47 in June 2018.
250
250
The number of SFD sales in FMLS Area 132 decreased 3.2% on a year-over-year basis from 31 in June 2017 to 30 in June 2018.
200
200
150
150
100
100
50
50
0
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
0
MONTHS OF INVENTORY
16
The months of inventory for SFD in FMLS Area 132 increased 6.3% on a year-over-year basis from 5.7 months in June 2017 to 6 months in June 2018.
12 8 4 0
4Q15
2Q16
4Q16
2Q17
www.evatlanta.com
ENGEL & VÖLKERS ATLANTA
4Q17
2Q18
ATLANTA www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA132 132 || SFD SFD
12132
MEDIAN SALE PRICE
MEDIAN LIST PRICE VS MEDIAN SALE PRICE
+ 6.8%
$2,250,000
The median list price for SFD in FMLS Area 132 saw no change on a year-over-year basis from $849,900 in June 2017 to $850,000 in June 2018.
$2,000,000 $1,750,000 $1,500,000
The median sale price for SFD in FMLS Area 132 increased 6.8% on a year-over-year basis from $810,000 in June 2017 to $865,000 in June 2018.
$1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
AVERAGE SALE PRICE
AVERAGE LIST PRICE VS AVERAGE SALE PRICE
+ 8.2%
The average list price for SFD in FMLS Area 132 decreased 2.8% on a year-over-year basis from $1,029,971 in June 2017 to $1,000,659 in June 2018.
$2,250,000 $2,000,000 $1,750,000 $1,500,000
The average sale price for SFD in FMLS Area 132 increased 8.2% on a year-over-year basis from $1,041,543 in June 2017 to $1,127,043 in June 2018.
$1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0
4Q15
2Q16
4Q16
ATLANTA ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
www.evatlanta.com www.evatlanta.com
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 132 | SFD
133 13
ATLANTA MARKET INTELLIGENCE | 2Q18 | FMLS AREA 132 | SFD
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
+/- 0% 150
The median number of continuous days on market (CDOM) for SFD in FMLS Area 132 saw no change on a yearover-year basis from 46 days in June 2017 to 46 days in June 2018.
120 90 60 30 0
4Q15
2Q16
4Q16
2Q17
4Q17
2Q18
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
- 1.7%
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE
102%
The ratio of SP/OLP for SFD in FMLS Area 132 decreased 1.7% on a year-over-year basis from 96.6% in June 2017 to 95% in June 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% 90% 88%
4Q15
www.evatlanta.com
2Q16
4Q16
ENGEL & VÖLKERS ATLANTA
2Q17
4Q17
2Q18
ATLANTA www.evatlanta.com
www.evatlanta.com 1745 Peachtree Street, Atlanta, GA 30309, USA | 404.845.7724
Š 2017 Engel & VÜlkers. All rights reserved. Each brokerage is independently owned and operated. All information is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & VÜlkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.