LUXURY MARKET UPDATE QUARTER 3 - 2021
LUXURY MARKET UPDATE METRO ATLANTA | QUARTER 3 2021 $1M - $2.5M AVERAGE NUMBER OF HOMES FOR SALE
650 SAME AS Q2 2021
959 Q3 2020
30%
AVERAGE DAYS ON MARKET
31
Q2 2021
TOTAL HOMES SOLD
TOTAL NEW LISTINGS
Q3 2020
Q2 2021
22%
692 Q3 2020
1%
AVERAGE SOLD PRICE
Q2 2021
19% 33%
MONTHS OF INVENTORY
$1.37M 2.8
44% 50%
Q2 2021
2%
SAME AS Q3 2020
Q3 2020
Q2 2021
Q3 2020
23% 47%
SELLER’S MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. Core Counties combined - Cherokee, Cobb, DeKalb, Forsyth, Fulton, Gwinnett, all residential, $1M - $2.5M stated period versus last period and stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE METRO ATLANTA | QUARTER 3 2021 $2.5M+ AVERAGE NUMBER OF HOMES FOR SALE
206 Q2 2021
11%
167 Q3 2020
5%
AVERAGE DAYS ON MARKET
60 Q2 2021
TOTAL HOMES SOLD
TOTAL NEW LISTINGS
Q2 2021
70 Q3 2020
Q2 2021
11% 27%
AVERAGE SOLD PRICE
1%
Q3 2020
46%
MONTHS OF INVENTORY
$3.34M 8.9 Q3 2020
5% 24%
Q2 2021
3%
Q3 2020
4%
Q2 2021
Q3 2020
9% 28%
BUYER’S
MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. Core Counties combined - Cherokee, Cobb, DeKalb, Forsyth, Fulton, Gwinnett, all residential, $2.5M and above, stated period versus last period and stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE BUCKHEAD | QUARTER 3 2021 $1M - $2.5M AVERAGE NUMBER OF HOMES FOR SALE
132 Q2 2021
210 Q3 2020
16% 40%
AVERAGE DAYS ON MARKET
38 Q2 2021
TOTAL HOMES SOLD
TOTAL NEW LISTINGS
Q2 2021
146 Q3 2020
20% 11%
AVERAGE SOLD PRICE
Q2 2021
Q3 2020
27% 11%
MONTHS OF INVENTORY
$1.53M 2.9 Q3 2020
17% 35%
Q2 2021
5%
Q3 2020
2%
Q2 2021
Q3 2020
22% 41%
SELLER’S MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. FMLS area 21 and 22, all residential, $1M - $2.5M, stated period versus last period and stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE BUCKHEAD | QUARTER 3 2021 $2.5M+ AVERAGE NUMBER OF HOMES FOR SALE
92 Q2 2021
1%
76 Q3 2020
7%
AVERAGE DAYS ON MARKET
60 Q2 2021
3%
TOTAL HOMES SOLD
TOTAL NEW LISTINGS
Q2 2021
12%
40 Q3 2020
9%
AVERAGE SOLD PRICE
Q2 2021
Q3 2020
2% 33%
MONTHS OF INVENTORY
$3.55M 6.9 Q3 2020
2%
Q2 2021
1%
Q3 2020
4%
Q2 2021
Q3 2020
2% 31%
BALANCED MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. FMLS area 21 and 22, all residential, $2.5M and above, stated period versus last period and stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE
DUNWOODY & SANDY SPRINGS | QUARTER 3 2021 $1M - $2.5M AVERAGE NUMBER OF HOMES FOR SALE
46 Q2 2021
78 Q3 2020
7% 52%
AVERAGE DAYS ON MARKET
27 Q2 2021
TOTAL HOMES SOLD
TOTAL NEW LISTINGS
Q2 2021
57 Q3 2020
21% 15%
AVERAGE SOLD PRICE
Q2 2021
Q3 2020
30% 14%
MONTHS OF INVENTORY
$1.33M 2.6 Q3 2020
42% 56%
Q2 2021
14%
Q3 2020
5%
Q2 2021
Q3 2020
68% 64%
SELLER’S MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. FMLS areas 121, 131, and 132, all residential, $1M - $2.5M, stated period versus last period and stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE
DUNWOODY & SANDY SPRINGS | QUARTER 3 2021 $2.5M+ AVERAGE NUMBER OF HOMES FOR SALE
26 Q2 2021
23 Q3 2020
10% 15%
AVERAGE DAYS ON MARKET
56 Q2 2021
TOTAL HOMES SOLD
TOTAL NEW LISTINGS
SAME AS Q2 2021
9 Q3 2020
Q2 2021
10%
AVERAGE SOLD PRICE
Q3 2020
50% 29%
MONTHS OF INVENTORY
$3.15M 9.8 Q3 2020
11% 47%
Q2 2021
11%
Q3 2020
4%
Q2 2021
Q3 2020
19% 29%
BUYER’S
MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. FMLS areas 121, 131, and 132, all residential, $2.5M and above, stated period versus last period and stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE EAST COBB | QUARTER 3 2021 $1M - $2.5M AVERAGE NUMBER OF HOMES FOR SALE
35 Q2 2021
42 Q3 2020
19% 43%
AVERAGE DAYS ON MARKET
22 Q2 2021
TOTAL HOMES SOLD
TOTAL NEW LISTINGS
Q2 2021
48 Q3 2020
54% 38%
AVERAGE SOLD PRICE
Q2 2021
Q3 2020
6% 50%
MONTHS OF INVENTORY
$1.29M 2.6 Q3 2020
42% 78%
Q2 2021
6%
Q3 2020
Q2 2021
Q3 2020
2% 63%
1%
SELLER’S MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. FMLS areas 82 and 83, all residential, $1M - $2.5M, stated period versus last period and stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE EAST COBB | QUARTER 3 2021 $2.5M+ AVERAGE NUMBER OF HOMES FOR SALE
6 Q2 2021
6 Q3 2020
19% 12%
AVERAGE DAYS ON MARKET
N/A Q2 2021
TOTAL HOMES SOLD
TOTAL NEW LISTINGS
0
Q2 2021
Q3 2020
N/A N/A
Q3 2020
100% 200% N/A N/A AVERAGE SOLD PRICE
MONTHS OF INVENTORY
N/A Q3 2020
Q2 2021
Q2 2021
6.3 Q3 2020
N/A N/A
Q2 2021
Q3 2020
19% 12%
BALANCED MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. FMLS areas 82 and 83, all residential, $2.5M and above, stated period versus last period and stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE INTOWN | QUARTER 3 2021 $1M - $2.5M AVERAGE NUMBER OF HOMES FOR SALE
67 Q2 2021
97 Q3 2020
Q2 2021
9% 39%
62 Q3 2020
27% 32%
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
25 Q2 2021
TOTAL HOMES SOLD
TOTAL NEW LISTINGS
Q2 2021
Q3 2020
29% 13%
MONTHS OF INVENTORY
$1.47M 3.4 Q3 2020
4% 40%
Q2 2021
6%
Q3 2020
Q2 2021
Q3 2020
34% 28%
4%
SELLER’S MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. FMLS areas 23 and 24, all residential, $1M - $2.5M, stated period versus last period and stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE INTOWN | QUARTER 3 2021 $2.5M+ AVERAGE NUMBER OF HOMES FOR SALE
11 Q2 2021
15 Q3 2020
43% 38%
AVERAGE DAYS ON MARKET
50 Q2 2021
3%
TOTAL HOMES SOLD
TOTAL NEW LISTINGS
Q2 2021
1 Q3 2020
Q2 2021
67% 150% 67% 67%
AVERAGE SOLD PRICE
MONTHS OF INVENTORY
$2.7M Q3 2020
16%
Q3 2020
Q2 2021
11
Q3 2020
10% 5%
Q2 2021
Q3 2020
43% 69%
BUYER’S
MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. FMLS areas 23 and 24, all residential, $2.5M and above, stated period versus last period and stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE NORTH FULTON | QUARTER 3 2021 $1M - $2.5M AVERAGE NUMBER OF HOMES FOR SALE
101 Q2 2021
176 Q3 2020
6% 36%
AVERAGE DAYS ON MARKET
27 Q2 2021
TOTAL HOMES SOLD
TOTAL NEW LISTINGS
Q2 2021
14%
136 Q3 2020
Q2 2021
2%
Q3 2020
17% 32%
AVERAGE SOLD PRICE
MONTHS OF INVENTORY
$1.37M 2.2 Q3 2020
31% 56%
Q2 2021
3%
Q3 2020
Q2 2021
Q3 2020
29% 52%
5%
SELLER’S MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. FMLS areas 13 and 14, all residential, $1M - $2.5M, stated period versus last period and stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE NORTH FULTON | QUARTER 3 2021 $2.5M+ AVERAGE NUMBER OF HOMES FOR SALE
31 Q2 2021
21 Q3 2020
12% 15%
AVERAGE DAYS ON MARKET
61 Q2 2021
TOTAL HOMES SOLD
TOTAL NEW LISTINGS
Q2 2021
11 Q3 2020
Q2 2021
34% 24%
AVERAGE SOLD PRICE
Q3 2020
38% 120%
MONTHS OF INVENTORY
$2.95M 13.9 Q3 2020
16% 61%
Q2 2021
4%
SAME AS Q3 2020
Q2 2021
3%
Q3 2020
15%
BUYER’S
MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. FMLS areas 13 and 14, all residential, $2.5M and above, stated period versus last period and stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights