3Q15 Developer Services Market Report

MARKET INSIGHTS INTOWN ATLANTA | 3Q15

Analysis of New & Re-sale Condo & Townhome Sales Activity

Experience. Exposure. Results.

CONTENT A Welcome B

Market Summary | Buckhead

C

Market Summary | Midtown

D

Market Summary | Downtown

E

Market Summary | Intown

F

New Townhomes

DEVELOPER SERVICES Representing a consolidation of Atlanta Fine Homes Sotheby’s International Realty’s most successful development sales and marketing teams, the leadership of our new Developer Services division has orchestrated record-breaking sales in Atlanta’s most celebrated high-rise developments.

The Developer Services Division specializes in the strategic consulting, marketing and sales of high-quality residential developments. Backed by the global marketing platform of Sotheby’s International Realty, the experience, exposure and results delivered by our team is unparalleled. We provide developers with customized and comprehensive services, including pre-construction project planning, innovative marketing, and effective sales strategies, resulting in maximum success for our clients.

We hope that you find the following comprehensive market report useful and insightful.

LEADERSHIP

Anne Schwall

Christa Huffstickler

Vice President

Vice President

Ansley Fetz Marketing Director

YOU BUILD HOMES, WE BRING BUYERS.

EXPERIENCE EXPOSURE RESULTS

BUCKHEAD MARKET SUMMARY

Our analysis of the Buckhead luxury condominium market focuses on those residences built no later than 2007 and priced above $700,000, with a minimum of two bedrooms. Generally speaking, availability has remained relatively consistent over the past two quarters, with sales peaking in July, with 10 sales. June represented the busiest month overall, with a total of 20 residences sold or under contract for sale by the end of the month. As it has all year, demand has remained strong for luxury condo residences in Buckhead, with sales closing anywhere from 93-99% of the original asking price.

•

Buckhead continues to remain consistent in terms of luxury sales in the Atlanta area. Through the first three quarters of 2015, there have been anywhere from 40-47 units listed for sale during any one month, with the exception of 55 units listed in September.

•

Sales hit a yearly high in July, with 10 residences closing at an average of over $1.56 million. Prices for luxury condominiums in Buckhead are well placed, with sellers receiving between 93-99% of the original asking price.

•

Average asking prices have remained relatively consistent throughout 2015, with prices ranging from $1.92 million to $2.05 million. Average prices per square foot went from $296/SF to $577/SF at the end of Q3 due to dwindling availability of new construction - with only new construction inventory available at the St. Regis and Mandarin Oriental.

BUCKHEAD

Area 21 - Atlanta North 3Q 2015 Built in 2007- present

Current vs. Prev Month Sep. 15

Aug. 15

Price: $700,000+ Size: 2 BD+ Type: Residential Attached

Current vs. 9 Months Ago % Change

Sep. 15

Jan. 15

% Change

For Sale

55

47

-17%

55

40

37.5%

Sold

4

3

33.3%

4

6

-33.3%

Pended

4

1

300%

4

6

-33.3%

Date

15-Jan

15-Feb

15-Mar

15-Apr

15-May

15-Jun

15-Jul

15-Aug

15-Sep

For Sale

40

46

43

40

40

42

44

47

55

Sold

6

2

8

6

6

7

10

3

4

Pended

6

7

7

7

7

13

5

1

4

Months of Inventory (Closed Sales)

6.7

23

5.4

6.7

6.7

6

4.4

15.7

13.8

Months of Inventory (Pended Sales)

6.7

6.6

6.1

5.7

5.7

3.2

8.8

47

13.8

Absorption Rate (Closed Sales) %

15

4.3

18.6

15

15

16.7

22.7

6.4

7.3

Absorption Rate (Pended Sales) %

15

15.2

16.3

17.5

17.5

31

11.4

2.1

7.3

Avg. Active Price ($000’s)

1923

1963

2037

2082

2048

2037

1987

2045

1970

Avg. Sold Price ($000’s)

1343

2000

1237

954

1752

1159

1561

1610

1995

Avg. Sq. Ft. Price ($)

296

418

421

374

480

427

593

687

577

Sold/List Diff. %

93

93

96

97

94

97

98

93

99

Sold/Orig LP Diff. %

93

93

96

96

95

97

98

89

122

Days on Market

82

58

153

162

159

63

114

128

164

Avg CDOM

152

58

153

162

159

63

126

128

164

Median

905

2000

1123

955

1605

995

1575

1285

1660

NUMBER OF RESIDENCES ON THE MARKET For Sale Sold Pended

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

MONTHS OF INVENTORY Closed Sales (January 2015 - September 2015)

AVERAGE PRICE PER SQ. FT. (January 2015 - September 2015)

*Not all sales data entered in FMLS

BUCKHEAD NEW CONDOS

Mandarin Oriental Residences The Mandarin Oriental Residences are some of the most sought-after units on the market. 10 residences have closed through 3Q15, all fetching between $600-$722/sq. ft.

List Price per SF

$605-786/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

7 total

2014 Total Closings

$690/SF

2015 Closed P/SF Avg SHELL

$620/SF

2015 Closed P/SF Avg FINISHED

$682/SF

2015 Total Closings

10

Pending Price per SF

no pending sales

UNIT #

CLOSED & PENDING DATES

SALES PRICE

53A

1/21/15

$1,500,000

2

42A

3/02/15

$1,700,000

43A

3/25/15

45A

BEDS BATHS

UNIT SF

$/SF

2.5

2091

$717.36

2

2.5

3040

$559.21

$2,150,000

3

3.5

2976

$722.45

5/28/15

$2,150,000

2

2.5

3000

$716.67

40A

5/29/15

$1,995,000

2

2.5

2999

$665.22

42B

6/30/15

$2,135,000

2

2.5

3501

$609.83

39A

7/20/15

$1,950,000

2

2.5

2895

$673.58

38B

9/15/15

$2,525,000

3

3.5

3501

$721.22

50R

9/15/15

$3,200,000

raw

raw

5157

$620.52

51

9/24/15

$3,888,000

4

3.5

5191

$748.99

*All data on this page courtesy of Trendgraphix, 1/1/2015 - 9/30/2015.

Sovereign Sovereign is completely sold out, with the final three residences closing during 3Q15. These 2BD/2.5BA residences closed between $500-$550/sq. ft.

2Q15 SOLD OUT

UNIT #

CLOSED & PENDING DATES

SALES PRICE

3603

3/16/15

$1,390,000

2

3202

7/1/15

$1,575,000

3002

7/31/15

3302

8/8/15

BEDS BATHS

UNIT SF

$/SF

2

2461

$564.81

2

2.5

3104

$507.41

$1,580,000

2

2.5

2882

$548.23

$1,575,000

2

2.5

2882

$546.50

List Price per SF

SOLD OUT

2013 Closed P/SF Avg

$559/SF

2013 Total Closings

22 total

2014 Closed P/SF Avg

$574/SF

2014 Total Closings

15 total

2015 Closed P/SF Avg

$542/SF

2015 Total Closings

4

Pending Price per SF

SOLD OUT

St. Regis Residences There are eight homes remaining at the St. Regis Residences, which include a combination of finished homes and shells ranging from 3,583 to 5,336 sq. ft. New shells are expected to range from $815-$1,065 per sq. ft.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

2210

3/31/15

$2,590,000

shell

2330

5/5/15

$5,056,584

1940

10/31/15

2310

10/31/15

*Not all sales data entered in FMLS

BEDS BATHS

List Price per SF

$815-1045/SF

2013 Closed P/SF Avg

$840/SF

2013 Total Closings

5 total

2014 Closed P/SF Avg

$749 and $850

2014 Total Closings

6 total

2015 Closed P/SF Avg SHELL

$767/SF

UNIT SF

$/SF

shell

3264

$793.50

shell

shell

6824

$741.00

2015 Closed P/SF Avg FINISHED

all shells sold 2015

$4,000,000

shell

shell

4994

$800.96

2015 Total Closings

2

$4,225,000

shell

shell

5336

$791.79

Pending Price per SF

$796/SF

RESALE CONDOS ANALYSIS

BUCKHEAD Although Buckhead continues to offer less inventory than its Midtown neighbor, demand remains high for mid-range resale condominiums. Absorption leaders during through 3Q15 include Lenox Green, Peachtree Place, Eclipse and Ovation, which have all surpassed their 2014 totals. The Sovereign and The Ritz-Carlton Residences set the benchmark for luxury in Buckhead, with 2015 sales averaging $664 and $569/sq. ft., respectively.

•

Buckhead continues to provide a substantial offering of high-end condominiums to potential purchasers, and the market continues to reflect a buying trend.

•

Sales at Lenox Green, Peachtree Place, Eclipse and Ovation have all surpassed last year’s totals through 3Q15.

•

Average prices also surpass their Midtown neighbors, with Sovereign and the Ritz-Carlton leading the way at $664 and $569/SF, respectively.

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

BUILDING NAME

2014 TOTAL CLOSINGS

TOTAL UNITS

2014 CLOSED $/SF AVG.

2015 TOTAL CLOSINGS

2015 CLOSED $/SF AVG.

10 Terminus

500

23

330

7

347

2500 Peachtree

59

3

316

3

291

2828 Peachtree

79

5

240

6

321

3655 Peachtree

13

1

217

0

n/a

Brookside in Garden Hills

36

3

143

1

159

Buckhead Grand

286

29

227

30

243

Buckhead Village Lofts

400

7

211

11

260

Carrington Park

140

10

132

10

143

Cosmopolitan at Lindbergh

258

7

157

3

200

Eclipse

358

29

242

30

264

Gallery

203

18

319

12

333

Habersham Oaks

300

4

165

7

181

Hillside at Lenox

54

3

153

6

161

Le Chateau

66

7

134

7

148

Lenox Green

221

12

122

13

134

Mathieson Exchange

100

7

274

8

262

Meridian Buckhead

230

18

204

8

209

One Brookhaven

18

4

325

1

337

Ovation

270

17

225

22

247

Paces 325

206

21

225

16

232

Paramount

300

30

218

16

226

Park Avenue

124

10

303

7

287

Park Regency

140

9

261

6

287

Peachtree Place

330

32

148

33

183

Phoenix on Peachtree

63

6

266

7

264

Realm

406

48

271

31

299

Southern Bearings Lofts

12

1

158

0

n/a

Sovereign

82

n/a

0

5

664

The Aramore

124

16

202

14

225

The Astoria

69

5

268

3

309

The Borghese

55

6

235

6

241

The Grandview

226

23

177

6

213

The Park at East Paces

81

13

223

2

248

The Peachtree Residences

121

8

210

10

199

The Ritz-Carlton Residences

126

9

448

10

569

The View at Chastain

125

18

197

6

228

The West Paces

62

3

174

7

190

The Wiltshire

48

3

171

3

180

The Winston

37

2

302

3

297

Village Place Brookhaven

52

7

212

11

226

*Not all sales data entered in FMLS

MIDTOWN MARKET SUMMARY

The luxury marketplace in Midtown may not have the same availability in numbers as Buckhead, but units are priced more affordably here. Do not be fooled, though: sellers tend to receive near or even above their original asking price. Availability saw a sharp increase in March due to the completion of 1065 Midtown, an apartment conversion new to the market. Although average listing prices hit a yearly high in March, the highest closed sales prices were seen in July and August, at $1.1 and $1.245 million, respectively.

•

Luxury condominiums continue to remain a scarcity in Midtown, with no more than 35 residences for sale during any one month of 2015. Sales hit their high mark in August, with seven closing averaging $1.1 million.

•

Although inventory is not as plentiful in Midtown, they tend to be more affordable than Buckhead at the moment, due in part to the scarcity of new construction inventory in the Midtown market. New projects coming to market in 2016, including Seventh Midtown and One Museum Place are expected to bring prices here more in line with those of neighboring Buckhead.

•

As it has been in the luxury arena, be prepared to pay near or perhaps more than the asking price. Closed sales received between 97-105% of the original listing price.

MIDTOWN

Area 22 & 23 3Q 2015 Built in 2007- present

Price: $700,000+ Size: 2 BD+ Type: Residential Attached

Current vs. Prev Month Sep. 15

Aug. 15

Current vs. 9 Months Ago % Change

Sep. 15

Jan. 15

% Change

For Sale

28

30

-6.7%

28

16

75%

Sold

3

2

50%

3

4

-25%

Pended

8

9

-11.1%

8

2

300%

Date

15-Jan

15-Feb

15-Mar

15-Apr

15-May

15-Jun

15-Jul

15-Aug

15-Sep

For Sale

16

22

30

30

32

35

34

30

28

Sold

4

1

2

4

2

3

7

2

3

Pended

2

6

4

2

7

8

1

9

8

Months of Inventory (Closed Sales)

4

22

15

7.5

16

11.7

4.9

15

9.3

Months of Inventory (Pended Sales)

8

3.7

7.5

15

4.6

4.4

34

3.3

3.5

Absorption Rate (Closed Sales) %

25

4.5

6.7

13.3

6.3

8.6

20.6

6.7

10.7

Absorption Rate (Pended Sales) %

12.5

27.3

13.3

6.7

21.9

22.9

2.9

30

28.6

Avg. Active Price ($000’s)

1079

1178

1249

1240

1219

1153

1168

1198

1161

Avg. Sold Price ($000’s)

746

797

738

850

749

1051

1100

1245

890

Avg. Sq. Ft. Price ($)

325

304

285

296

246

255

419

460

360

Sold/List Diff. %

96

101

100

100

102

102

98

100

98

Sold/Orig LP Diff. %

97

101

100

100

105

103

98

100

97

Days on Market

188

35

14

98

156

150

151

37

93

Avg CDOM

281

35

14

140

156

150

151

37

93

Median

733

797

738

742

749

814

1315

1246

825

NUMBER OF RESIDENCES ON THE MARKET For Sale Sold Pended

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

MONTHS OF INVENTORY Closed Sales (January 2015 - September 2015)

AVERAGE PRICE PER SQ. FT. (January 2015 - September 2015)

*Not all sales data entered in FMLS

MIDTOWN NEW CONDOS

1065 Midtown Sales at 1065 Midtown began in May 2015, and an impressive nine units closed by the end of 3Q15, and an additional eight residences are under contract. Prices range from $450-$650/sq. ft.

CONVERSION List Price per SF

$508-$629/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

$538/SF

2015 Total Closings

9

Pending Price per SF

$592/SF

UNIT #

CLOSED & PENDING DATES

SALES PRICE

3101

6/30/15

$559,900

1

3202

7/10/15

$1,315,000

3205

7/17/15

3602

BEDS BATHS

UNIT SF

$/SF

1.5

1215

$460.82

2

2.5

2288

$581.03

$1,330,000

3

3

2289

$611.88

7/17/15

$1,400,000

3

3.5

2288

$611.89

3104

8/15/15

$1,750,000

3

3.5

2819

$620.79

3301

8/31/15

$579,900

1

1.5

1215

$477.28

2701

9/15/15

$549,900

1

1.5

1215

$452.59

3001

9/15/15

$569,900

1

1.5

1215

$469.05

3103

9/15/15

$1,120,000

2

2.5

1992

$562.25

3402

11/30/15

$1,350,000

3

3

2288

$590.03

2903

12/31/15

$1,050,000

2

2.5

1992

$527.11

3302

12/31/15

$1,335,000

3

3

2289

$583.22

3604

2/28/16

$1,950,000

3

3.5

2819

$691.73

3504

2/28/16

$1,850,000

3

3.5

2819

$656.26

3603

2/28/16

$1,375,000

2

2.5

1992

$690.26

2901

4/15/16

$550,000

1

1.5

1215

$452.67

2902

1/15/16

$1,250,000

3

3

2288

$546.33

UNIT #

CLOSED & PENDING DATES

SALES PRICE

UNIT SF

$/SF

Ansley Green Ansley Green is a boutique building with only six units, all 2BD/ 2BA offerings ranging in size from 1,650-1,750 sq. ft.

Only one residence is currently available.

UNDER CONSTRUCTION List Price per SF

$432/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

301

4/6/15

$712,397

2

2

1750

$407.08

2014 Total Closings

N/A

302

4/16/15

$694,900

2

2

1750

$397.09

2015 Closed P/SF Avg

under construction

202

9/17/15

$674,900

2

2

1650

$409.03

2015 Total Closings

under construction

201

8/31/15

$728,400

2

2

1750

$416.23

Pending Price per SF

$408/SF

101

9/12/15

$718,600.

2

2

1750

$410.63

BEDS BATHS

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

The Atlantic Once a rental building, sales at The Atlantic resumed sales in 2014. 14 residences closed through 3Q15 and five more are slated to close by Thanksgiving.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

2002

1/9/15

$398,900

2

1906

1/30/15

$282,000

1808

2/20/15

1807

UNIT SF

$/SF

2.5

1369

$291.38

1

1.5

1049

$268.83

$294,900

1

1.5

1132

$260.51

3/13/15

$326,900

1

1.5

1244

$262.78

4305

3/13/15

$662,900

3

3

2027

$327.04

1902

4/9/15

$399,900

2

2.5

1369

$292.11

1702

4/24/15

$399,900

2

2.5

1369

$292.11

2007

5/4/15

$332,000

1

1.5

1049

$316.49

1910

5/15/15

$430,900

2

2.5

1721

$250.38

4306

6/11/15

$615,000

3

3

2027

$303.40

2009

6/12/15

$480,000

2

2.5

1801

$266.52

1806

6/30/15

$299,900

1

1.5

1049

$285.89

613

9/24/15

$392,000

2

2.5

1728

$226.85

813

9/25/15

$415,900

2

2.5

1536

$270.77

1802

10/9/15

$404,900

2

2.5

1369

$295.76

1503

10/16/15

$489,900

2

2.5

1728

$283.51

1804

10/30/15

$441,900

2

2.5

1744

$253.38

1213

10/30/15

$428,900

2

2.5

1728

$248.21

1010

11/20/15

$405,900

2

2.5

1728

$234.90

*Not all sales data entered in FMLS

BEDS BATHS

List Price per SF

$237-491/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

ZERO

2014 Closed P/SF Avg

$282/SF

2014 Total Closings

26 total

2015 Closed P/SF Avg

$280/SF

2015 Total Closings

29

Pending Price per SF

$263/SF

MIDTOWN NEW CONDOS

One Museum Place One of the most sought after new boutique developments, One Museum Place is a five story building currently under construction. Sales have been very brisk with 50% of homes already under contract. The newly released Premier Collection is now selling.

UNDER CONSTRUCTION List Price per SF

$450-850/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

under construction

2015 Total Closings

under construction

Pending Price per SF

$614/SF

Seventh Midtown Currently under construction, this boutique condominium with only 20 units is already 65% sold. Prices range from 387/SF to over 600/SF and closings will begin in January of 2016.

UNDER CONSTRUCTION List Price per SF

$382-591/SF

2013 Closed P/SF Avg

N/A

UNIT #

CLOSED & PENDING DATES

SALES PRICE

2013 Total Closings

N/A

402

2/16/16

$959,900

3

2014 Closed P/SF Avg

N/A

503

2/16/16

$859,900

2014 Total Closings

N/A

601

2/16/16

2015 Closed P/SF Avg

under construction

PH 2

2015 Closed P/SF Avg

under construction

2015 Total Closings

under construction

Pending Price per SF

$471/SF

BEDS BATHS

UNIT SF

$/SF

3

2340

$410.21

2

2.5

2092

$411.04

$1,449,900

3

3

2874

$504.49

2/16/16

$1,589,900

3

3

2710

$586.68

502

2/16/16

$989,900

3

3

2340

$423.03

PH 1

2/16/16

$1,689,900

3

3

2710

$623.58

203

2/16/16

$799,900

2

2.5

2092

$382.36

303

2/16/16

$809,900

2

2.5

2092

$387.14

403

2/16/16

$829,900

2

2.5

2092

$396.70

501

2/16/16

$829,900

2

2.5

1805

$459.78

701

2/16/16

$1,599,900

3

3

2874

$556.68

302

2/29/16

$989,900

3

3

2340

$423.03

202

2/29/16

$979,900

3

3

2340

$418.76

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

White Provision The final two units in the possession of the developer have sold during 3Q15, which means White Provision is now completely sold out.

3Q15 SOLD OUT

UNIT #

CLOSED & PENDING DATES

SALES PRICE

815

1/14/15

$250,000

1

608

6/29/15

$410,000

908

8/15/15

708

9/8/15

*Not all sales data entered in FMLS

BEDS BATHS

UNIT SF

$/SF

1

809

$309.02

3

2.5

1548

$264.86

$499,900

3

2.5

1548

$322.93

$439,900

3

2.5

1548

$284.17

List Price per SF

SOLD OUT

2013 Closed P/SF Avg

$248/SF

2013 Total Closings

9 total

2014 Closed P/SF Avg

$289/SF

2014 Total Closings

9 total

2015 Closed P/SF Avg

$295/SF

2015 Total Closings

4

Pending Price per SF

SOLD OUT

RESALE CONDOS ANALYSIS

MIDTOWN This section of our analysis focuses solely on resales in Midtown with an emphasis on condominiums built and delivered since 2000. Demand is high enough through the first three quarters of 2015 to outpace last year’s totals if current trends hold, all while prices are showing a slight uptick across the board in average prices per square foot. 1280 West, Peachtree Walk, Art Foundry Atlantic Station, Element Atlantic Station and Twelve Atlantic Station have already sold more through 3Q15 than during 2014, while each building has closed for higher average prices than last year as well.

•

This section of our analysis focused solely on resales in Midtown. The third quarter saw a substantial increase in sales at 1280 West, Metropolis, and The Brookwood.

•

Sales at 1280 West have already eclipsed last year’s totals, as have sales at Ansley Above the Park, Art Foundry, Twelve Atlantic Station and more.

•

The number of sales to date through the first three quarters totals 563 in the Midtown area, on pace to pass last year’s total of 694.

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

BUILDING NAME

2014 TOTAL CLOSINGS

TOTAL UNITS

2014 CLOSED $/SF AVG.

2015 TOTAL CLOSINGS

2015 CLOSED $/SF AVG.

1010 Midtown

425

43

360

37

384

1023 Juniper

19

0

n/a

2

243

1280 West

434

20

171

22

189

401 West Tenth

31

2

119

1

156

805 Peachtree

118

11

196

7

214

905 Juniper

92

8

328

11

359

Above the Four Seasons

91

7

310

7

416

Ansley Above the Park

127

5

272

7

290

Aqua

83

6

245

1

291

Art Foundry Atlantic Station

347

20

151

33

163

ATLofts

53

2

143

3

87

Avista

20

1

122

2

202

Brookwood Place

137

14

147

10

179

Cornerstone Village

310

23

172

22

191

Cotting Court

60

5

263

1

251

Element Atlantic Station

322

20

174

21

187

Heritage Place

89

6

181

4

182

Lofts at the Belvedere

48

2

167

1

210

Lofts at the Park

54

6

219

6

229

Luxe

112

12

336

9

328

Manor House

94

11

188

8

204

Mayfair Renaissance

297

23

237

19

278

Mayfair Tower

323

22

237

23

242

Metropolis

498

58

248

52

290

MidCity Lofts

132

13

223

9

257

Parc Vue

136

15

208

7

250

Park Central

397

42

205

23

222

Peachtree Walk

218

9

193

12

201

Piedmont Crest

70

12

280

7

286

Piedmont Park West

28

5

182

3

219

Plaza Midtown

418

57

257

32

269

Spire

393

41

269

31

292

The Belvedere

39

5

228

2

269

The Brookwood

219

17

333

20

353

The Dakota

160

16

225

8

263

The Terraces at Peachtree

96

9

141

3

136

Tuscany

230

26

207

18

222

Twelve Atlantic Station

404

16

211

28

224

Viewpoint

378

59

285

35

323

Virginia Hill

53

5

218

3

197

White Provision

94

13

285

9

288

Wilburn House

69

7

272

4

257

*Not all sales data entered in FMLS

DOWNTOWN MARKET SUMMARY

Sales in Downtown Atlanta continue to grow and are set to eclipse 2014’s total of 98 closings. To date, 80 residences have sold, making 3Q15 a busy one for the Downtown area. Twelve Centennial Park continues to set the mark for activity, with 26 sales through 3Q15, a substantial increase over last year’s 21 sales. The W Residences sets the standard as the most expensive building per square foot, with an average of $343/sq. ft.

•

The market appears to be one for sellers in the Downtown area, as prices per square foot have been increasing across the board.

•

There have been 80 sales through 3Q15, also putting Downtown on pace to pass last year’s total of 98.

•

Twelve Centennial Park leads the way with 26 sales, passing last year’s total of 21, with average prices per square foot increasing by $21 year over year.

DOWNTOWN MARKET ANALYSIS

BUILDING NAME

2014 TOTAL CLOSINGS

TOTAL UNITS

2014 CLOSED $/SF AVG.

2015 TOTAL CLOSINGS

2015 CLOSED $/SF AVG.

123 Luckie

49

1

165

1

190

Castleberry Point

108

10

157

1

161

Centennial House

101

6

126

7

138

Centennial Park North

45

0

n/a

0

n/a

Centennial Park West

93

3

419

7

184

Centennial Station

58

1

116

1

98

Duo

80

3

72

2

108

Enclave at Renaissance

56

1

118

4

126

Fair and Walker Lofts

42

1

106

0

n/a

Fairside Lofts

15

1

83

0

n/a

Museum Tower

167

9

191

7

212

Renaissance Walk

20

0

n/a

0

n/a

The Metropolitan

89

10

100

7

127

The Reynolds

130

13

211

13

220

Twelve Centennial Park

517

21

215

26

237

W Residences

74

18

325

4

343

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

DOWNTOWN NEW CONDOS

W Residences The W Residences are now completely sold out, with the closing of the two-story penthouses at the end of 3Q15, with both residences closing for $436.99 and $455.76 per square foot, respectively.

3Q15 SOLD OUT

UNIT #

CLOSED & PENDING DATES

SALES PRICE

2701

4/30/15

$1,200,000

3

2704

6/1/15

$1,600,000

2703

9/29/15

2706

9/30/15

*Not all sales data entered in FMLS

BEDS BATHS

UNIT SF

$/SF

3.5

3443

$348.53

3

3.5

4153

$385.26

$1,699,000

3

3.5

3888

$436.99

$1,499,000

3

3.5

3289

$455.76

List Price per SF

SOLD OUT

2013 Closed P/SF Avg

$255/SF

2013 Total Closings

36 total

2014 Closed P/SF Avg

11 total

2014 Total Closings

$328/SF

2015 Closed P/SF Avg

$367/SF

2015 Total Closings

2

Pending Price per SF

SOLD OUT

INTOWN MARKET SUMMARY

INTOWN NEW CONDOS

Oakland Park Nine residences have become available as the developer listed the remaining units for sale after initially leasing them. Four have closed through 3Q15 and the final five units are all scheduled to close by the end of the year.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

407

3/27/15

$220,000

2

612

5/22/15

$159,900

512

6/9/15

607

BEDS BATHS

UNIT SF

$/SF

2

1069

$205.80

1

1

765

$209.02

$162,000

1

1

765

$211.76

9/15/15

$257,400

2

2

1096

$234.85

306

10/9/15

$259,900

2

2

1424

$182.51

608

10/15/15

$164,900

1

1

765

$215.56

406

11/20/15

$259,900

2

2

1424

$182.51

506

11/20/15

$269,900

2

2

1424

$189.54

606

12/28/15

$289,900.00

2

2

1424

$203.58

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

*Not all sales data entered in FMLS

List Price per SF

$216-220/SF

2013 Closed P/SF Avg

$178/SF

2013 Total Closings

7

2014 Closed P/SF Avg

$192/SF

2014 Total Closings

2

2015 Closed P/SF Avg

$215/SF

2015 Total Closings

4

Pending Price per SF

no pending sales

RESALE CONDO ANALYSIS

OTHER INTOWN The outlying areas of Atlanta have seen the largest absorption of product due to an increase in apartment offerings over the past few years, including an increased availability of affordable condominiums listed under $200,000. To date, there have been 291 closings through 3Q15 compared with a total of only 305 sales during 2014, which makes the Intown area the most active of any area analyzed in this report.

•

Sales in the other areas of Atlanta have seen the most absorption through 3Q15. To date, there have been 291 condominiums sold, nearly reaching last year’s total of 305.

•

Affordable condos are still in demand, and nowhere is this more evident than at The Enclave at Briarcliff. There have been 26 sales this year, compared with only three last year.

•

BUILDING NAME

As with other areas around town, prices are showing a slight uptick in average prices per square foot across the board.

2014 TOTAL CLOSINGS

TOTAL UNITS

2014 CLOSED $/SF AVG.

2015 TOTAL CLOSINGS

2015 CLOSED $/SF AVG.

15 Waddell

15

3

167

2

188

335 West Ponce

70

1

244

2

225

870 Inman

108

10

280

8

289

Arizona Lofts

115

12

161

12

174

Axis (Phase I Condos)

24

18

149

3

157

AZ2

70

2

171

6

203

Block Lofts

69

12

181

4

203

Brickworks

52

1

247

3

243

Caroline Street Lofts

29

2

157

4

164

Central City Condominiums

88

2

156

5

143

Central Park Lofts

30

0

n/a

1

126

Cheshire Place

32

7

121

5

139

*All data on this page courtesy of Trendgraphix, 1/1/2015 - 9/30/2015.

BUILDING NAME

2014 TOTAL CLOSINGS

TOTAL UNITS

2014 CLOSED $/SF AVG.

2015 TOTAL CLOSINGS

2015 CLOSED $/SF AVG.

City Side Lofts

100

4

51

4

55

City Space Lofts

15

1

158

1

188

City View (at Freedom Pkwy.)

56

0

n/a

0

n/a

City View Lofts (at North Ave.)

20

1

157

1

182

Copenhill Lofts

40

1

224

5

250

Decatur Renaissance

168

14

169

11

206

Dynamic Metal Lofts

39

0

n/a

1

187

Freedom Heights

185

15

159

20

193

Freedom Lofts

60

8

192

5

224

Glen Iris Lofts

110

9

208

8

254

Glenwood Park Condos

45

5

150

8

186

Greenwood Lofts

33

1

213

3

246

Grinnell Lofts

24

6

268

0

n/a

Highland Hall

68

12

142

8

184

Hill Street Lofts

146

6

55

2

99

Inman Green

12

0

n/a

2

154

Inman Hills

32

4

209

3

201

Inman Park Village Lofts

68

7

239

7

271

LaFrance Street Lofts

89

2

149

1

181

Lofts at Reynoldstown Crossing

30

0

n/a

0

n/a

Marble Lofts

17

3

191

2

239

Milltown Lofts

110

13

181

20

230

Moreland Lofts

8

6

135

1

139

One Grant Park

8

0

n/a

0

n/a

Ponce Springs Lofts

115

2

177

7

219

Providence on Ponce

22

2

194

0

n/a

Sager Lofts

24

1

159

0

n/a

Shoe Factory Lofts

41

2

168

2

210

Sky Lofts

207

20

96

11

105

South Park Lofts

46

3

140

2

171

Stratford Commons

128

7

125

4

130

Sutherland Place Lofts

32

2

185

4

210

Talley Street Lofts

90

2

89

3

138

The Artisan

127

11

239

7

287

The Carlton

69

4

216

4

223

The Clairemont

66

6

264

0

n/a

The Clifton

80

3

228

5

248

The Enclave at Briarcliff

270

3

124

26

145

The Stacks

299

39

177

33

204

The Washington

150

0

n/a

5

72

Tribute Lofts

147

10

164

10

177

*Not all sales data entered in FMLS

NEW TOWNHOMES MARKET SUMMARY

BUCKHEAD NEW TOWNHOMES

2108 Defoors Ferry Townhomes There are two floorplans available, with the 3 bedroom option offering a terrace and small fenced green space. There have been five closings through 3Q15 and one more scheduled to close during the fourth quarter.

UNDER CONSTRUCTION List Price per SF

$217-$237/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

under construction

2015 Total Closings

under construction

Pending Price per SF

$234/SF

UNIT #

CLOSED & PENDING DATES

SALES PRICE

101

7/17/15

$599,900

3

106

7/31/15

$579,900

104

8/14/15

105

BEDS BATHS

UNIT SF

$/SF

3.5

2530

$237.11

3

3.5

2530

$237.11

$579,900

3

3.5

2530

$229.21

8/18/15

$579,900

3

3.5

2530

$229.21

107

8/24/15

$599,900

3

3.5

2530

$229.21

102

10/9/15

$579,900

3

3.5

2530

$229.21

UNIT #

CLOSED & PENDING DATES

SALES PRICE

UNIT SF

$/SF

1119

3/20/15

$729,834

4

4.5

3500

$208.52

Enclave on Collier A mix of townhomes and single-family homes, Enclave on Collier has closed six residences through 3Q15, all 3,500 sq. ft. residences averaging between $208-$233/sq. ft.

List Price per SF

$199/214/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

1121

4/16/15

$749,900

3

4.5

3500

$214.26

2014 Total Closings

N/A

1123

5/29/15

$781,230

4

4.5

3500

$223.21

2015 Closed P/SF Avg

$219/SF

1125

6/30/15

$813,938

4

4.5

3500

$232.55

2015 Total Closings

4

1115

7/22/15

$793,640

4

4.5

3500

$226.75

Pending Price per SF

$225/SF

1117

7/30/15

$791,107

3

4.5

3500

$226.03

BEDS BATHS

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

Haven on Briarwood The second phase of sales at Haven on Briarwood is currently underway, with a total of 19 townhomes being sold. Average prices per sq. ft. range between $190-$200.

2Q15 SOLD OUT

UNIT #

CLOSED & PENDING DATES

SALES PRICE

27

1/30/15

$428,000

BEDS BATHS 3

3.5

UNIT SF

$/SF

2550

$167.84

2

2/17/15

$405,477

4

3.5

2550

$159.01

36

2/24/15

$374,900

3

3.5

2000

$187.45

37

2/27/15

$367,940

3

3.5

2000

$183.97

35

4/17/15

$375,000

3

3.5

2000

$187.50

39

5/17/15

$375,000

3

3.5

2000

$187.50

List Price per SF

sold out

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

$176/SF

2014 Total Closings

7

2015 Closed P/SF Avg

$178/SF

2015 Total Closings

10

Pending Price per SF

$200/SF

Lenox Walk Lenox Walk is a boutique development of only five townhomes, which is now completely sold out. Both residences closing this year offered 4 bedrooms and 3.5 bathrooms at a price of $210-$228/SF.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

200

1/9/15

$615,000

4

100

7/8/15

$500,000

4

*Not all sales data entered in FMLS

BEDS BATHS

UNIT SF

$/SF

3.5

2686

$228.97

3.5

2381

$210.00

List Price per SF

$233-246/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

$230/SF

2014 Total Closings

2

2015 Closed P/SF Avg

$219/SF

2015 Total Closings

2

Pending Price per SF

$230/SF

BUCKHEAD NEW TOWNHOMES

Manchester A new development by Hedgewood Homes, Manchester began presales during 2Q15. Homes average about 1,700 sq. ft. in living space and a price range of $200-270/SF. Eight units are expected to close during 4Q15.

UNDER CONSTRUCTION List Price per SF

$236/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

UNIT #

CLOSED & PENDING DATES

SALES PRICE

2063 Manchester

9/30/15

$438,900

3

under construction

226 Telfair

10/30/15

$414,500

2015 Total Closings

under construction

218 Telfair

10/30/15

Pending Price per SF

$237/SF

212 Telfair

BEDS BATHS

UNIT SF

$/SF

2.5

1624

$270.26

4

3

1753

$236.45

$385,000

3

3

1701

$226.34

10/30/15

$354,900

3

3

1701

$208.64

216 Telfair

10/30/15

$383,250

3

3

1701

$225.31

220 Telfair

10/30/15

$383,250

3

3

1701

$225.31

2067 Manchester

11/30/15

$418,000

3

2.5

1714

$243.87

2073 Manchester

12/1/15

$444,900

3

2.5

1714

$259.57

2071 Manchester

12/18/15

$414,900

3

2.5

1704

$243.49

Metropolitan at Phipps With only 11 residences, Metropolitan at Phipps is centrally located in the heart of Buckhead. All residences come with 3-car garages, elevators, 3 bedrooms + den and 3.5 bathrooms.

List Price per SF

$272-304/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

$309/SF

2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings

1

Pending Price per SF

$285/SF

UNIT #

CLOSED & PENDING DATES

SALES PRICE

4

4

4/6/15

$999,900

3

$285/SF

2

8/27/15

$999,900

3

BEDS BATHS

UNIT SF

$/SF

3.5

3500

$285.69

3.5

3500

$285.69

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

St. Andrews St. Andrews will consist of 23 townhomes and nine single-family homes. One residence is under contract for sale, a 3BD/2.5BA home with 2,278 sq. ft. of living space and a price tag of $368/SF.

UNDER CONSTRUCTION

UNIT #

CLOSED & PENDING DATES

SALES PRICE

14

11/30/15

$839,000

BEDS BATHS 3

2.5

UNIT SF

$/SF

2278

$368.31

List Price per SF

$363/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

under construction

2015 Total Closings

under construction

Pending Price per SF

$368/SF

Towns at Druid Hills A new gated community located on N. Druid Hills Road, this new development offers a total of 65 townhomes along with a community pool and cabana. Three home are expected to close in the final quarter of 2015, all offering at least 3,000 sq. ft. of living space with a price tag in the neighborhood of $180/sq. ft.

COMING SOON UNIT #

CLOSED & PENDING DATES

SALES PRICE

35

9/21/15

$540,685

3

33

8/20/15

$569,490

16

8/31/15

18 14 17

UNIT SF

$/SF

3.5

3053

$177.10

4

3.5

3053

$186.53

$561,640

4

3.5

3060

$183.54

10/31/15

$542,860

3

3.5

3053

$177.81

10/31/15

$569,525

3

3.5

3060

$186.12 $188.27

10/31/15

*Not all sales data entered in FMLS

$583,640

BEDS BATHS

4

3.5

3100

List Price per SF

$180-187/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

$177/SF

2015 Total Closings

1

Pending Price per SF

$184/SF

BUCKHEAD NEW TOWNHOMES

Turnbury Gates Partially completed in 2007, the remaining 48 units are being finished by John Wieland Neighborhoods and are currently being offered for sale. Fourteen residences closed during through 3Q15, and two more are currently expected to close in November 2015.

List Price per SF

$179-190/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

$187/SF

2014 Total Closings

17

2015 Closed P/SF Avg

$187/SF

2015 Total Closings

19

Pending Price per SF

$250/SF

UNIT #

CLOSED & PENDING DATES

SALES PRICE

49

2/27/15

$535,165

3

55

3/2/15

$521,620

50

3/12/15

54

BEDS BATHS

UNIT SF

$/SF

3.5

3100

$172.63

3

3.5

3100

$168.26

$538,770

3

3.5

3100

$173.80

3/20/15

$574,162

3

3.5

3100

$185.21

52

3/20/15

$564,962

3

3.5

3100

$182.25

56

4/3/15

$577,875

3

3.5

3100

$186.41

59

4/10/15

$556,962

3

3.5

3000

$185.65

58

4/15/15

$562,051

3

3.5

3100

$181.31

52

5/25/15

$564,962

3

3.5

3100

$182.25

64

5/29/15

$422,606

3

3.5

2100

$201.24

67

5/29/15

$450,559

3

3.5

2118

$212.73

68

5/29/15

$456,399

3

3.5

2118

$215.49

57

6/26/15

$563,000

3

3.5

3100

$181.61

62

7/27/15

$456,808

4

3.5

2375

$192.34

48

11/13/15

$557,650

3

3.5

2118

$263.29

78

11/30/15

$501,389

3

3.5

2118

$236.73

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

BROOKHAVEN NEW TOWNHOMES

Aldredge at Brookhaven Presales began in December 2014 at Aldredge. During the first three quarters of 2015, nine units are under contract to close; all 4 bedroom, 4.5 bathroom offerings between 3,825 and 3,842 sq. ft. of living space.

COMING SOON UNIT #

CLOSED & PENDING DATES

SALES PRICE

10

11/30/15

$953,900

4

5

11/30/15

$1,085,960

11

11/30/15

12

BEDS BATHS

UNIT SF

$/SF

4.5

3842

$248.28

4

4.5

3825

$283.91

$1,021,400

4

4.5

3842

$265.85

12/31/15

$1,048,400

4

4.5

3842

$272.88

14

12/31/15

$996,400

4

4.5

3842

$259.34

16

12/31/15

$1,088,900

4

4.5

3842

$283.42

1

2/1/16

$1,042,400

4

4.5

3842

$271.32

8

5/31/16

$1,104,800

4

4.5

3825

$288.84

4

6/30/16

$1,084,000

4

4.5

3825

$283.40

List Price per SF

N/A

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

under construction

2015 Total Closings

under construction

Pending Price per SF

$273/SF

Brookhaven Crossing Presales began this year, and five townhomes are under contract to sell. All residences offer 3- or 4 bedrooms and 3.5 bathrooms in the neighborhood of $190-$200/sq. ft.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

3583 Adelaide

10/30/15

$435,390

4

3600 Donaldson

12/23/15

$503,490

3589 Adelaide

12/31/15

3584 Adelaide 1561 Brooksbank

UNIT SF

$/SF

3.5

2234

$194.89

3

3.5

2510

$200.59

$427,740

4

3.5

2234

$191.47

1/29/16

$477,915

3

3.5

2510

$190.40

5/31/16

$495,265

3

3.5

2510

$197.32

*Not all sales data entered in FMLS

BEDS BATHS

PRE-SELLING BEGINS 3Q15 List Price per SF

$190-194/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

under construction

2015 Total Closings

under construction

Pending Price per SF

$194/SF

BROOKHAVEN NEW TOWNHOMES

Reserve at Brookleigh Four homes have sold through 3Q15, but all took place in the first quarter of this year. Sales prices for these 3 bedroom, 3.5 bathroom residences ranged from $179-$211/sq. ft.

List Price per SF

$199/SF

2013 Closed P/SF Avg

3

2013 Total Closings

$155/SF

2014 Closed P/SF Avg

$176/SF

2014 Total Closings

48

2015 Closed P/SF Avg

$191/SF

2015 Total Closings

16

Pending Price per SF

$192/SF

Lenox Overlook

1Q15 SOLD OUT List Price per SF

2013 Closed P/SF Avg 2013 Total Closings 2014 Closed P/SF Avg 2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings Pending Price per SF

$157-169/SF $136/SF 42 $143/SF 36 $139/SF 1 sold out

UNIT #

CLOSED & PENDING DATES

SALES PRICE

1592 Durden RD

1/9/15

$432,658

3

1594 Durden DR NE

1/30/15

$476,947

1600 Durden

2/25/15

1632 Canopy Chase

3/6/15

BEDS BATHS

UNIT SF

$/SF

3.5

2250

$192.29

3

3.5

2250

$211.98

$409,900

3

3.5

2249

$182.26

$527,132

3

3.5

2934

$179.66

Savoy at Town Brookhaven Located near Peachtree Road in Brookhaven, the Savoy is made up of 55 townhomes generally ranging in size from 2,100-3,100 sq.ft. 14 townhomes have closed or are under contract so far in 2015.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

0

1/30/15

$655,000

3

9

2/27/15

$511,063

7

3/31/15

$522,821

BEDS BATHS

UNIT SF

$/SF

3.5

2938

$222.94

3

3.5

2148

$237.93

2

3.5

2108

$248.02

2936

4/15/15

$550,000

2

3.5

2108

$260.91

6

4/16/15

$547,811

3

3.5

2108

$259.87

5

4/22/15

$527,350

2

3.5

2148

$245.51

2

4/28/15

$515,503

2

3.5

2108

$244.55

40

5/5/15

$725,343

4

4.5

2988

$242.75

40

5/5/15

$725,373

4

4.5

2988

$242.76

45

5/29/15

$707,700

4

4.5

2998

$236.06

45

5/27/15

$682,578

4

4.5

2998

$227.68

4

5/27/15

$532,250

3

3.5

2108

$252.49

19

5/28/15

$775,000

3

3.5

3053

$253.85

41

5/28/15

$672,168

4

4.5

3577

$187.91

List Price per SF

$205-234/SF

2013 Closed P/SF Avg

$215/SF

2013 Total Closings

3

2014 Closed P/SF Avg

$218/SF

2014 Total Closings

16

2015 Closed P/SF Avg

$240/SF

2015 Total Closings

25

Pending Price per SF

N/A

VININGS NEW TOWNHOMES

Paces View Units 43 through 46 are currently being offered, with units 94-112 to be offered after. Estimated sizes for the new townhomes are expected to be at least 4,000 sq. ft.

List Price per SF

TBD

2013 Closed P/SF Avg

$180/SF

2013 Total Closings

30

2014 Closed P/SF Avg

$176/SF

2014 Total Closings

13

2015 Closed P/SF Avg

$228/SF

2015 Total Closings

5

Pending Price per SF

$235/SF

UNIT #

CLOSED & PENDING DATES

SALES PRICE

1

3/27/15

$875,879

3

3

4/21/15

$922,000

2

5/27/15

4

BEDS BATHS

UNIT SF

$/SF

4.5

3800

$230.49

3

4.5

3800

$242.63

$846,384

3

4.5

3800

$222.73

6/17/15

$835,122

3

4.5

3800

$219.77

2798 Paces

8/31/15

$899,900

3

4.5

3995

$225.26

2714 Paces

12/31/15

$939,900

4

4.5

4000

$234.98

Vinings Parc East Residences at Vinings Parc East offer 3 bedrooms with a bonus room or 2-story townhomes with a basement. Seven residences are expected to close as of the end of 3Q15, with the smallest residence offering 2,355 sq. ft. of living space and the largest at 3,553 sq. ft.

UNDER CONSTRUCTION UNIT #

CLOSED & PENDING DATES

SALES PRICE

N/A

3234 Nobilty Way

11/10/15

$428,300

3

2013 Total Closings

N/A

3226 Nobilty Way

11/11/15

$408,400

2014 Closed P/SF Avg

N/A

3222 Nobilty Way

11/11/15

2014 Total Closings

N/A

3218 Nobility Way

2015 Closed P/SF Avg

N/A

2015 Total Closings Pending Price per SF

UNIT SF

$/SF

3.5

2839

$150.86

3

3.5

2839

$143.85

$408,300

3

3.5

2839

$143.82

11/13/15

$406,200

3

3.5

2839

$143.08

3233 Nobility Way

12/15/15

$414,300

3

2.5

2355

$175.92

N/A

3279 Matthewson

12/23/15

$424,895

4

4.5

3553

$119.59

$145/SF

3275 Matthewson

3/24/16

$396,900

3

3.5

2839

$139.80

List Price per SF

$139-$185/SF

2013 Closed P/SF Avg

BEDS BATHS

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

Vinings on the Chattahoochee Sales at Vinings on the Chattahoochee have been consistent throughout 2015, with 21 units closing through 3Q15. All residences offer 3 bedrooms and 3.5 bathrooms and approximately 2,444 sq. ft. of living space. Prices remain around $120/sq. ft. for units here.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

272

2/27/15

$290,000

3

273

2/27/15

$279,900

267

2/27/15

274

UNIT SF

$/SF

3.5

2444

$118.66

3

3.5

2444

$114.53

$279,900

3

3.5

2444

$114.53

2/27/15

$301,900

3

3.5

2444

$123.53

266

3/31/15

$298,900

3

3.5

2444

$122.30

245

4/17/15

$288,900

3

3.5

2444

$118.21

247

4/17/15

$307,900

3

3.5

2444

$125.98

278

5/6/15

$307,479

3

3.5

2444

$125.81

242

5/8/15

$309,900

3

3.5

2444

$126.80

279

5/18/15

$299,900

3

3.5

2444

$122.71

271

5/21/15

$295,900

3

3.5

2444

$121.07

275

5/28/15

$319,900

3

3.5

2444

$130.89

270

5/29/15

$295,900

3

3.5

2444

$121.07

276

6/19/15

$319,862

3

3.5

2444

$130.88

277

6/4/15

$314,500

3

3.5

2444

$128.68

280

6/5/15

$311,900

3

3.5

2444

$127.62

269

6/26/15

$291,900

3

3.5

2444

$119.44

243

6/30/15

$297,900

3

3.5

2444

$121.89

244

7/20/15

$298,200

3

3.5

2444

$122.01

246

8/27/15

$299,100

3

3.5

2444

$122.38

257

9/30/15

$319,900

3

3.5

2444

$130.89

262

9/30/15

$305,900

3

3.5

2444

$125.16

156

12/29/15

$324,900

3

3.5

2450

$132.61

265

10/30/15

$319,900

3

3.5

2450

$130.57

259

10/20/15

$305,900

3

3.5

2450

$124.86

260

9/30/15

$306,900

3

3.5

2450

$125.27

*Not all sales data entered in FMLS

BEDS BATHS

List Price per SF

$122-130/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

$123/SF

2015 Total Closings

28

Pending Price per SF

$127/SF

MIDTOWN NEW TOWNHOMES

5th & Piedmont This boutique project is a conversion of an older home into six townhomes. Two of these are scheduled to close in October, both 3 bedroom, 3.5 bathroom offerings averaging around $360/sq. ft.

List Price per SF

$343-362/sf

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

under construction

2015 Total Closings

under construction

Pending Price per SF

$362/SF

975 @ the Park List Price per SF

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

Pending Price per SF

SALES PRICE

C

10/27/15

$845,000

3

F

10/30/15

$864,000

3

BEDS BATHS

UNIT SF

$/SF

3.5

2288

$369.31

3.5

2425

$356.28

$296-307/SF N/A

2015 Total Closings

CLOSED & PENDING DATES

1Q15 SOLD OUT

2013 Closed P/SF Avg

2015 Closed P/SF Avg

UNIT #

$308/SF 4 N/A

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

Ansley at Piedmont Presales are underway at Ansley at Piedmont. To date, two units are under contract, both quite spacious at 4,134 sq. ft. of living space. Average prices to date are $356/sq. ft.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

7

9/30/15

$1,468,930

4

1

9/30/15

$1,473,550

4

*Not all sales data entered in FMLS

BEDS BATHS

List Price per SF

$318-319/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

under construction

UNIT SF

$/SF

4.5

4134

$355.33

2015 Total Closings

under construction

4.5

4134

$356.45

Pending Price per SF

$355/SF

DOWNTOWN NEW TOWNHOMES

Moda Reynoldstown Moda is comprised of 57 townhomes and four single-family homes. Seven townhomes have sold or are currently under contract, all 2- or 3-bedroom offerings. 2 bedroom units have 1,400 sq. ft. of living space while 3 bedroom residences have 1,900 sq. ft. Prices range from $168-$212/SF.

UNDER CONSTRUCTION List Price per SF

$167-185/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

UNIT #

CLOSED & PENDING DATES

SALES PRICE

N/A

60

7/31/15

$259,900

2

2015 Closed P/SF Avg

under construction

986

8/31/15

$319,900

2015 Total Closings

under construction

957

8/31/15

Pending Price per SF

$185/SF

995

Commons at Historic Westside TH List Price per SF 2013 Closed P/SF Avg 2013 Total Closings 2014 Closed P/SF Avg 2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings Pending Price per SF

BEDS BATHS

UNIT SF

$/SF

2.5

1400

$185.64

3

3.3

1900

$168.37

$264,900

2

2.5

1400

$189.21

10/30/15

$327,900

3

3.5

1900

$172.58

979

10/31/15

$349,900

3

3.5

1900

$184.16

56

12/27/15

$296,900

2

2.5

1400

$212.07

975

12/31/15

$357,900

3

3.5

1900

$188.37

2Q15 SOLD OUT $99-102/SF $88/SF 7 $97/SF 8 $98/SF 2 sold out

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

Sky Hill Townhomes Construction at Sky Hill is expected to finish in 2015, and the entire 12 townhome project has sold out. The final 2 homes closed in July 2015.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

1

2/11/15

$599,123

3

3

2/13/15

$651,153

2

2/16/15

7 9

BEDS BATHS

2Q15 SOLD OUT

UNIT SF

$/SF

3.5

2600

$230.43

List Price per SF

sold out

3

3.5

2600

$250.44

2013 Closed P/SF Avg

N/A

$459,900

3

3.5

1769

$259.98

2013 Total Closings

N/A

3/6/15

$550,000

3

3.5

1886

$291.62

2014 Closed P/SF Avg

N/A

3/24/15

$519,000

3

3.5

1769

$293.39

2014 Total Closings

N/A

2015 Closed P/SF Avg

$278/SF

2015 Total Closings

11

Pending Price per SF

0

8

3/31/15

$615,672

3

3.5

1886

$326.44

12

5/18/15

$549,900

3

3.5

1886

$291.57

10

5/22/15

$579,900

3

3.5

1886

$307.48

11

5/29/15

$439,900

3

3.5

1769

$248.67

4

6/30/15

$525,000

3

3.5

1769

$296.78

5

7/6/15

$439,900

3

3.5

1769

$248.67

6

7/17/15

$530,000

3

3.5

1769

$299.60

*Not all sales data entered in FMLS

INTOWN NEW TOWNHOMES

Berkeley Village Although the initial phase was completed in 2009, Berkeley Village began selling again and sales have been quite active during 3Q15. Seventeen residences are scheduled to close during November 2015.

List Price per SF

$116-140/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

under construction

2014 Total Closings

N/A

2015 Closed P/SF Avg

$126/SF

2015 Total Closings

5

Pending Price per SF

$130/SF UNIT #

CLOSED & PENDING DATES

SALES PRICE

3221

1/9/15

$253,900

3

3215

2/28/15

$246,900

3211

3/17/15

3213

BEDS BATHS

UNIT SF

$/SF

3.5

2045

$124.16

3

3.5

1772

$139.33

$256,900

4

3.5

2045

$125.62

3/24/15

$246,900

4

3.5

2045

$120.73

3217

4/27/15

$246,900

4

3.5

2045

$120.73

3214

10/31/15

$249,900

4

3.5

2045

$122.20

3222

10/31/15

$259,900

3

3.5

2045

$127.09

3216

10/31/15

$246,900

4

3.5

2045

$120.73

3212

10/31/15

$249,000

3

3.5

2004

$124.25

3218

10/31/15

$249,900

3

3.5

2004

$124.70

3219

10/31/15

$273,900

3

3.5

2004

$136.68

3220

10/31/15

$249,900

4

3.5

2004

$124.70

3225

10/31/15

$279,900

3

3.5

2004

$139.67

3226

10/31/15

$279,900

3

3.5

2004

$139.67

3227

10/31/15

$259,900

4

3.5

2004

$129.69

3228

11/30/15

$269,900

3

3.5

2004

$134.68

3229

11/30/15

$259,900

3

3.5

2004

$129.69

3231

11/30/15

$259,900

3

3.5

2004

$129.69

3232

11/30/15

$269,900

3

3.5

2004

$134.68

3233

11/30/15

$259,900

4

3.5

2004

$129.69

3235

11/30/15

$279,900

3

3.5

2004

$139.67

3236

11/30/15

$269,900

4

3.5

2004

$134.68

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

Axis Townhomes Four residences have closed during the first two quarters of 2015, thanks in part to a reduction in prices at Axis bringing the average price per square foot to around $200.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

1305

3/20/15

$464,900

3

1313

4/24/15

$454,900

1311

4/24/15

1315

5/27/15

BEDS BATHS

UNIT SF

$/SF

3.5

2310

$201.26

3

3.5

2310

$196.93

$454,900

3

3.5

2310

$196.93

$464,900

3

3.5

2310

$201.26

List Price per SF

$196-220/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

$198/SF

2015 Total Closings

4

Pending Price per SF

no pending sales

Highland Park The final 27 townhomes are currently being pre-sold from a reservation list, with four currently under contract - all 4 bedroom, 4.5 bathroom residences with over 3,000 sq. ft. of living space.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

32A

3/16/15

$562,337

4

34

3/19/15

$553,459

4

BEDS BATHS

UNIT SF

$/SF

3.5

2430

3.5

2441

List Price per SF

N/A

$231.41

2013 Closed P/SF Avg

$197/SF

$226.73

2013 Total Closings

13 $209/SF

32

3/25/15

$578,377

4

3.5

2435

$237.53

2014 Closed P/SF Avg

36

3/31/15

$558,686

4

3.5

2445

$228.50

2014 Total Closings

13

41

4/16/15

$577,542

4

3.5

2442

$236.50

2015 Closed P/SF Avg

$236/SF

37

5/20/15

$585,248

4

3.5

2427

$241.14

2015 Total Closings

13

39

5/15/15

$578,198

4

3.5

2439

$237.06

Pending Price per SF

$227/SF

38

5/26/15

$609,589

4

3.5

2427

$251.17

819 East Ave

1/29/16

$729,900

4

4.5

3071

$237.68

823 East Ave

2/19/16

$699,90

4

4.5

3083

$227.02

825 East Ave

2/26/16

$829,900

4

4.5

3847

$215.73

821 East Ave

2/26/16

$699,900

4

4.5

3035

$230.61

*Not all sales data entered in FMLS

INTOWN NEW TOWNHOMES

Lafayette Square Sales have been brisk at Lafayette Square, and Buildings 6, 7, 8, 9 and 11 have completely sold out. To date, 16 residences have closed and an additional 10 residences are scheduled to close by year’s end.

List Price per SF

$142-146/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

$137/SF

2014 Total Closings

UNIT #

CLOSED & PENDING DATES

SALES PRICE

26

974

1/12/15

$397,524

4

2015 Closed P/SF Avg

$151/SF

968

2/26/15

$358,691

2015 Total Closings

16

971

2/27/15

Pending Price per SF

$146/SF

963

BEDS BATHS

UNIT SF

$/SF

3.5

2568

$154.80

3

3.5

2568

$139.68

$360,988

3

3.5

2568

$140.57

2/27/15

$366,845

3

3.5

2568

$142.85

961

3/3/15

$424,563

2

3.5

2568

$165.33

975

3/16/15

$381,024

4

3.5

2568

$148.37

965

3/27/15

$366,800

2

3.5

2568

$142.83

969

3/27/15

$375,067

2

3.5

2568

$146.05

967

3/30/15

$356,500

3

3.5

2568

$138.82

973

5/15/15

$378,854

2

3.5

2568

$147.53

1013

7/16/15

$380,700

2

3.5

2568

$148.25

1005

7/28/15

$424,358

2

3.5

2568

$165.25

1011

8/17/15

$372,897

3

3.5

2568

$145.21

1007

8/28/15

$385,350

3

3.5

2568

$150.06

1002

9/9/15

$424,871

3

3.5

3004

$141.44

1012

9/2/15

$424,292

3

2.5

2123

$199.85

992

10/12/15

$433,200

3

3.5

3004

$144.21

983

10/26/15

$370,900

3

3.5

2568

$144.43

979

10/29/15

$372,900

3

3.5

2568

$145.21

1015

10/29/15

$383,900

4

3.5

2568

$149.49

977

10/19/15

$389,200

3

3.5

2568

$151.56

985

11/2/15

$381,100

2

3.5

2568

$148.40

989

11/17/15

$380,900

2

3.5

2568

$148.33

981

11/18/15

$380,900

2

3.5

2568

$148.33

986

11/18/15

$409,500

4

3.5

3004

$136.32

996

12/15/15

$434,500

3

3.5

3004

$144.64

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

Linden Place As of the end of 3Q15, six residences are under contract to sell at Linden Place - all 3-bedroom, 3.5-bathroom units with a current asking price ranging from $192-217/sq. ft.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

6

2/24/15

$389,900

3

5

2/27/15

$396,492

8

5/15/15

$459,900

BEDS BATHS

UNIT SF

$/SF

3.5

2006

$194.37

List Price per SF

$194-199/SF

3

3.5

2006

$197.65

2013 Closed P/SF Avg

N/A

3

3.5

2366

$194.38

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

$195/SF

2015 Total Closings

9

Pending Price per SF

$198/SF

2

5/19/15

$401,750

3

3.5

2006

$200.27

9

5/22/15

$455,400

4

3.5

2366

$192.48

10

6/12/15

$449,900

4

3.5

2366

$190.15

1

6/15/15

$401,750

3

3.5

2006

$200.27

4

7/5/15

$399,900

3

3.5

2006

$199.35

11

8/31/15

$459,900

4

3.5

2366

$194.38

7

12/31/15

$437,000

3

3.5

2006

$217.85

12

12/31/15

$469,900

3

3.5

2366

$198.61

14

12/31/15

$454,900

3

3.5

2366

$192.27

15

12/31/15

$464,900

3

3.5

2366

$196.49

19

12/31/15

$454,900

3

3.5

2366

$192.27

20

12/31/15

$459,900

3

3.5

2366

$194.38

Seven Twelve Oakview UNIT #

CLOSED & PENDING DATES

SALES PRICE

714 Oakview RD

4/8/15

$590,000

5

716 Oakview RD

4/8/15

$599,000

710 Oakview RD

4/8/15

700 Oakview RD

UNIT SF

$/SF

4.5

2800

$210.71

5

4.5

2800

$213.93

$540,000

3

3.5

2400

$225.00

4/22/15

$480,000

3

3.5

2084

$230.33

704 Oakview RD

4/21/15

$448,000

3

3.5

1900

$235.79

706 Oakview RD

4/22/15

$440,000

3

3.5

1900

$231.58

702 Oakview RD

5/1/15

$470,000

3

3.5

2084

$225.53

720 Oakview RD

5/19/15

$515,000

4

3.5

2141

718 Oakview RD

5/27/15

$530,000

4

3.5

724 Oakview RD

5/28/15

$525,000

4

726 Oakview RD

6/22/15

$520,000

4

*Not all sales data entered in FMLS

BEDS BATHS

Located in Oakhurst Village, Seven Twelve Oakview contains 15 townhomes with four floor plans ranging from 3/3.5 to 5/4.5 residences with 2-car garage, rooftop decks and European interior finishes.

List Price per SF

$249-253/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

$229/SF

$240.54

2015 Total Closings

14

2400

$220.83

Pending Price per SF

no pending sales

3.5

2141

$245.21

3.5

2128

$244.36

INTOWN NEW TOWNHOMES

Virginia Park Virginia Park remains one of the more active townhome communities in Atlanta, with 20 residences sold through 3Q15 and six more slated to close during 4Q15. Prices for these 3BD/3.5BA homes range from $212-225/sq. ft.

List Price per SF

$219-229/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

$218/SF

2015 Total Closings Pending Price per SF

UNIT #

CLOSED & PENDING DATES

SALES PRICE

19

608

12/18/14

$529,900

3

$220/SF

605

1/12/15

$509,900

603

1/23/15

601

BEDS BATHS

UNIT SF

$/SF

3.5

2400

$220.79

3

3.5

2400

$212.46

$512,900

3

3.5

2400

$213.71

1/30/15

$524,900

3

3.5

2400

$218.71

606

2/27/15

$518,900

3

3.5

2400

$216.21

602

3/13/15

$519,900

3

3.5

2400

$216.63

604

3/27/15

$509,900

3

3.5

2400

$212.46

505

4/30/15

$539,900

3

3.5

2400

$224.96

502

5/15/15

$512,900

3

3.5

2400

$213.71

501

5/29/15

$524,900

3

3.5

2400

$218.71

503

5/29/15

$509,900

3

3.5

2400

$212.46

401

6/26/15

$539,900

3

3.5

2400

$224.96

404

6/30/15

$519,900

3

3.5

2400

$216.63

403

6/30/15

$524,900

3

3.5

2400

$218.71

406

7/10/15

$539,900

3

3.5

2400

$224.96

402

7/24/15

$524,900

3

3.5

2400

$218.71

405

7/28/15

$524,900

3

3.5

2400

$218.71

102

8/27/15

$524,900

3

3.5

2400

$218.71

101

8/31/15

$539,900

3

3.5

2400

$224.96

103

8/31/15

$530,900

3

3.5

2400

$221.21

301

10/23/15

$539,900

3

3.5

2400

$224.96

302

10/29/15

$515,900

3

3.5

2400

$214.96

303

10/29/15

$519,900

3

3.5

2400

$216.63

304

10/30/15

$519,900

3

3.5

2400

$216.63

110

12/18/15

$549,900

3

3.5

2400

$229.13

107

12/18/15

$529,900

3

3.5

2400

$220.79

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

Virginia Place Presales began in July at Virginia Place. To date, only one residence is scheduled to close during 4Q15, a 3BD/3.5 BA townhome with 2,376 sq. ft. of living space.

PRE-SELLING BEGAN 3Q15

UNIT #

CLOSED & PENDING DATES

SALES PRICE

103

10/29/15

$539,900

BEDS BATHS 3

3.5

UNIT SF

$/SF

2376

$227.23

List Price per SF

$217-239/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

under construction

2015 Total Closings

under construction

Pending Price per SF

$227/SF

Walker Park Located on Memorial Drive, Walker Park is a boutique townhome development with each residence offering 1,229 sq. ft. of living space. Ten residences closed through 3Q15 and seven more are currently under contract.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

21

2/17/15

$180,000

2

20

2/26/15

$183,300

15

4/23/15

16

$146-158/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

UNIT SF

$/SF

2.5

1229

$146.46

2014 Closed P/SF Avg

N/A

2

2.5

1229

$149.15

2014 Total Closings

N/A

$184,900

2

2.5

1229

$150.45

2015 Closed P/SF Avg

$154/SF

4/15/15

$179,900

2

2.5

1229

$146.38

2015 Total Closings

10

18

5/14/15

$196,200

3

3.5

1229

$159.64

Pending Price per SF

$163/SF

17

5/29/15

$189,900

3

3.5

1229

$154.52

1

9/18/15

$192,075

2

2.5

1229

$156.29

3

9/24/15

$195,000

2

2.5

1229

$158.67

19

9/10/15

$209,900

2

2.5

1229

$170.79

2

9/30/15

$184,900

2

2.5

1229

$150.45

14

10/29/15

$204,900

3

3.5

1229

$166.72

11

11/5/15

$194,900

2

2.5

1229

$158.58

6

12/10/15

$200,000

2

2.5

1229

$162.73

13

12/10/15

$199,900

3

3.5

1229

$162.65

5

1/14/16

$194,900

2

2.5

1229

$158.58

10

2/25/16

$204,900

2

2.5

1229

$166.72

7

3/4/16

$204,900

2

2.5

1229

$166.72

*Not all sales data entered in FMLS

BEDS BATHS

List Price per SF

East Howard Place List Price per SF

UNDER CONSTRUCTION $263-296/SF

Gramercy

1Q15 SOLD OUT List Price per SF

$163/SF

2013 Closed P/SF Avg

N/A

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Closed P/SF Avg

2014 Total Closings

N/A

2014 Total Closings

2015 Closed P/SF Avg

under construction

2015 Closed P/SF Avg

2015 Total Closings

under construction

2015 Total Closings

Pending Price per SF

Hardee Station List Price per SF

$263/SF

2Q15 SOLD OUT $221/SF

Pending Price per SF

$164/SF 24 $161/SF 24 sold out

Highlands of Sandy Springs List Price per SF

sold out $143/SF

2013 Closed P/SF Avg

N/A

2013 Closed P/SF Avg

2013 Total Closings

N/A

2013 Total Closings

2014 Closed P/SF Avg 2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings Pending Price per SF

Oakview Townhomes List Price per SF

$213/SF 5 $220/SF 1 sold out

1Q15 SOLD OUT sold out

2Q15 SOLD OUT

2014 Closed P/SF Avg 2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings Pending Price per SF

Terraces at Glenridge List Price per SF

42 $147/SF 62 $160/SF 9 sold out

1Q15 SOLD OUT $176/SF

2013 Closed P/SF Avg

N/A

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg 2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings Pending Price per SF

Water Tower Stacks

$189/SF 5 $184/SF 3 sold out

COMING SOON

List Price per SF

N/A

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

under construction

2015 Total Closings

under construction

Pending Price per SF

$200/SF

2014 Closed P/SF Avg 2014 Total Closings 2015 Closed P/SF Avg 2015 Total Closings Pending Price per SF

$162/SF 49 $176/SF 2 sold out

MARIETTA NEW TOWNHOMES

The Oaks at Powers Ferry The Oaks at Powers Ferry consists of 158 townhomes offering at least 2,500 sq. ft. of living space. Four residences have sold through 3Q15 and four more are currently under contract.

UNIT #

CLOSED & PENDING DATES

SALES PRICE

BEDS BATHS

UNIT SF

$/SF

139

2/20/15

$276,900

3

2.5

2532

$109.36

135

3/20/15

$269,000

4

3.5

2532

$106.24

137

4/21/15

$277,000

3

2.5

2586

$107.12

40

7/14/15

$304,086

3

3.5

2500

$121.63

54

10/30/15

$291,900

4

3.5

2500

$116.76

62

10/30/15

$309,900

4

3.5

2500

$123.96

60

11/20/15

$292,000

4

3.5

2500

$116.80

50

2/19/16

$296,900

4

3.5

2500

$118.76

List Price per SF

$111-120/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

no info

2014 Total Closings

N/A

2015 Closed P/SF Avg

$111/SF

2015 Total Closings

15

Pending Price per SF

$119/SF

DECATUR NEW TOWNHOMES

Decatur Walk There are 11 units at Decatur Walk, a new development in Downtown Decatur. Four of these are currently under contract, and all residences offer 4 bedrooms and 4.5 bathrooms with at least 2,800 sq. ft. of living space.

UNDER CONSTRUCTION

UNIT #

CLOSED & PENDING DATES

SALES PRICE

9

10/1/15

$607,900

4

5

10/15/15

$609,900

1

11/30/15

11

1/1/16

BEDS BATHS

UNIT SF

$/SF

3.5

3100

$196.10

4

4.5

3225

$189.12

$640,000

4

4.5

3225

$198.45

$678,601

4

4.5

2800

$242.36

List Price per SF

$211-234/SF

2013 Closed P/SF Avg

N/A

2013 Total Closings

N/A

2014 Closed P/SF Avg

N/A

2014 Total Closings

N/A

2015 Closed P/SF Avg

under construction

2015 Total Closings

under construction

Pending Price per SF

$206/SF

Experience Exposure Results

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All data contained herein provided courtesy of TrendGraphix and FMLS, 01/01/2015 - 09/30/2015. © 2015 Atlanta Fine Homes Sotheby’s International Realty, LLC