2018 Q2 Market Intelligence

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.