New Realities Market Trends by Allison Sinkler

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NEW MARKET REALITIES PRE AND POST MARKET TRENDS










Price Range: $500,000 - $999,999 SQFT Range: 0 - No Limit Property Res - Single Family Residence - All Properties - All Properties Types: All Properties Bedrooms: 0 - No Limit Full Baths: 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit

Prepared for you by: Allison Sinkler

Atlanta North (21), Sandy Springs (132)

Number of Homes For Sale vs. Sold vs. Pended (May. 2019 - Jul. 2020)

allison.sinkler@harrynorman.com allison.sinkler@harrynorman.com <allison.sinkler@harrynorman.com> Wed 9/2/2020 3:04 PM To: Lindsey Beck <Lindsey.Beck@harrynorman.com> This is specific to Buckhead and Sandy Springs market. Maybe this could be included at end with the following: If you would like more detailed statistics specific to your neighborhood and price range, please contact me directly. Now is a great time to sell in a market that is favorable to sellers and also a good time to buy with historically low mortgage rates. Please let me know how I may assist you with your real estate needs.

Facts and Trends TM Published August 2020* Location: Atlanta North (21) (FMLS), Sandy Springs (132) (FMLS) Price Range: $500,000 - $999,999 SQFT Range: 0 - No Limit Res - Single Family Residence - All Properties - All Properties Property Curnt vs. Prev Month Types: All Properties

Curnt vs. Same Month 1 Yr Ago

Curnt vs. Same Qtr 1 Yr Ago


Curnt vs. Prev Month

Curnt vs. Same Month 1 Yr Ago

Jul. 20 Jun. 20 % Change

Jul. 20

Jul. 19

% Change

Curnt vs. Same Qtr 1 Yr Ago May. 20 to Jul. 20 May. 19 to Jul. 19 % Change

For Sale

156

167

-6.6%

156

244

-36.1%

156

244

-36.1%

Sold

58

64

-9.4%

58

62

-6.5%

163

185

-11.9%

Pended

70

71

-1.4%

70

56

25%

198

187

5.9%

TODAY’S STATS Current vs. Prev MTD 9/1/20 9/1/20

8/1/20 8/1/20

For Sale

169

161

Sold

1

Pended

1

Current vs. Same MTD 1 Yr Ago

% Change

9/1/20 9/1/20

9/1/19 9/1/19

5%

169

220

0

N/A

1

1

0%

1

% Change

Current vs. Prev YTD 1/1/20 9/1/20

1/1/19 9/1/19

% Change

-23.2%

169

220

-23.2%

0

N/A

405

411

-1.5%

1

0%

453

472

-4%

July 2020 is a Seller's market**

Home For Sale in July 2020 is 156 units. It is down 6.6% compared to last month and down 36.1% compared to last year. Home Closed in July 2020 is 58 units. It is down 9.4% compared to last month and down 6.5% compared to last year. Home Placed under Contract in July 2020 is 70 units. It is down 1.4% compared to last month and up 25% compared to last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.


Atlanta North (21), Sandy Springs (132) Months of Inventory Based on Closed Sales (May. 2019 - Jul. 2020)

allison.sinkler@harrynorman.com allison.sinkler@harrynorman.com <allison.sinkler@harrynorman.com> Wed 9/2/2020 3:04 PM To: Lindsey Beck <Lindsey.Beck@harrynorman.com> This is specific to Buckhead and Sandy Springs market. Maybe this could be included at end with the following: If you would like more detailed statistics specific to your neighborhood and price range, please contact me directly. Now is a great time to sell in a market that is favorable to sellers and also a good time to buy with historically low mortgage rates. Please let me know how I may assist you with your real estate needs.

Facts and Trends TM Published August 2020* Location: Atlanta North (21) (FMLS), Sandy Springs (132) (FMLS) Price Range: $500,000 - $999,999 SQFT Range: 0 - No Limit Res - Single Family Residence - All Properties - All Curnt Properties Property vs. -Prev Month Types: All Properties

Curnt vs. Same Month 1 Yr Ago

Curnt vs. Same Qtr 1 Yr Ago


Curnt vs. Prev Month

Curnt vs. Same Month 1 Yr Ago

Jul. 20 Jun. 20 % Change Months of Inventory (Closed Sales)

2.7

2.6

Jul. 20

Jul. 19

2.7

3.9

3.8%

% Change

Curnt vs. Same Qtr 1 Yr Ago May. 20 to Jul. 20 May. 19 to Jul. 19 % Change

-30.5%

3.3

4.2

-21.2%

TODAY’S STATS Current vs. Prev MTD 9/1/20 9/1/20

8/1/20 8/1/20

5.6

0

Months of Inventory (Closed Sales)

Current vs. Same MTD 1 Yr Ago

% Change N/A

9/1/20 9/1/20

9/1/19 9/1/19

5.6

0

% Change

Current vs. Prev YTD 1/1/20 9/1/20

1/1/19 9/1/19

3.4

4.4

N/A

% Change -22.9%

July 2020 is a Seller's market**

Months of Inventory based on Closed Sales in July 2020 is 2.7. It is up 3.8% compared to last month and down 30.5% compared to last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.

Date

5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20 3/20 4/20 5/20 6/20 7/20

For Sale

270

271

244

226

220

207

185

150

155

160

195

204

190

167

156

New Listing

135

96

77

95

95

76

53

32

93

103

109

64

72

91

99


**Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.

Date

5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20 3/20 4/20 5/20 6/20 7/20

For Sale

270

271

244

226

220

207

185

150

155

160

195

204

190

167

156

New Listing

135

96

77

95

95

76

53

32

93

103

109

64

72

91

99

Sold

61

62

62

53

62

43

46

45

30

44

56

47

41

64

58

Pended

69

62

56

57

52

47

34

32

41

66

44

40

57

71

70

Months of Inventory (Closed Sales)

4.4

4.4

3.9

4.3

3.5

4.8

4

3.3

5.2

3.6

3.5

4.3

4.6

2.6

2.7

Months of Inventory (Pended Sales)

3.9

4.4

4.4

4

4.2

4.4

5.4

4.7

3.8

2.4

4.4

5.1

3.3

2.4

2.2

Absorption Rate (Closed Sales) %

22.6

22.9

25.4

23.5

28.2

20.8

24.9

30

19.4

27.5

28.7

23

21.6

38.3

37.2

Absorption Rate (Pended Sales) %

25.6

22.9

23

25.2

23.6

22.7

18.4

21.3

26.5

41.3

22.6

19.6

30

42.5

44.9

Avg. Active Price

753

755

761

749

740

739

742

746

739

764

761

760

762

748

775

Avg. Sold Price

713

713

713

696

718

722

708

732

726

747

719

748

734

728

727

Avg. Sq. Ft. Price (Sold)

237

254

230

258

235

229

248

227

248

230

256

255

253

259

256

Sold/List Diff. %

98

97

97

97

96

96

97

97

97

96

98

97

97

98

97

Sold/Orig LP Diff. %

97

95

91

94

91

93

93

93

94

92

96

95

94

96

94

Avg Days on Market

36

42

50

53

77

57

48

63

61

103

42

38

45

51

49

Avg CDOM

64

63

81

88

97

99

54

88

127

169

91

63

66

63

66

Median Sold Price

692

678

710

670

696

708

679

725

713

755

692

735

710

718

702

If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart


New Market Realities

If you would like more detailed statistics specific to your neighborhood and price range, please contact me directly. Now is a great time to sell in a market that is favorable to sellers and also a good time to buy with Avg. Sq. Ft. Price

237

254

Sold/List Diff. %

98

97

Sold/Orig LP Diff. %

97

Avg Days on Market

230

258

235

229

248

227

248

230

256

255

253

259

256

97

97

96

96

97

97

97

96

98

97

97

98

97

95

91

94

91

93

93

93

94

92

96

95

94

96

94

36

42

50

53

77

57

48

63

61

103

42

38

45

51

49

Avg CDOM

64

63

81

88

91

63

66

63

66

Median Sold Price

692

678

710

670

692

735

710

718

702

(Sold) historically low mortgage rates. Please let me know how I may assist

you with your real estate needs.

ALLISON SINKLER 97 99 54 88 127 169 REALTORÂŽ

Cell: 696 404-240-2759 708 679 725 713 Office: 404-261-2700 Allison.Sinkler@HarryNorman.com

755

If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart *All reports are published August 2020, based on data available at the end of July 2020, except for the today’s stats. All reports presented are based on data supplied by the FMLS and GAMLS. GAMLS and FMLS do not guarantee or are not responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.


Buckhead Northwest Office | 4401 Northside Pkwy NW, # 250 | Atlanta, GA 30327 | Jeff Yeomans, Managing Broker The above information is believed accurate, but is not warranted. This offer is subject to errors, omissions, prior sale and withdrawals without notice


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