Page 1

MARKET INTELLIGENCE 2 0 1 8

Q 1

A T L A N T A,

Sarah Coleman Real Estate Advisor C: 678.387.7662 O: 404.845.7724 sarahcoleman.evatlanta.com sarah.coleman@evatlanta.com

G E O R G I A


21


ATLANTA MARKET INTELLIGENCE | 1Q18 | 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 | 1Q18 | FMLS AREA 21

ATLANTA MARKET INTELLIGENCE | 1Q18 | 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 April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 32 491 41 40 93% 1

$200K 2 $299K 50 446 37 36 96% 2

$300K 2 $399K 38 202 17 61 96% 2

$400K 2 $499K 23 118 10 82 96% 3

$500K 2 $599K 32 64 5 96 94% 7

$600K 2 $699K 17 61 5 97 95% 3

$700K 2 $799K 35 41 3 116 96% 10

$800K 2 $899K 21 9 1 99 95% 28

$900K 2 $999K 21 16 1 146 93% 16

$1M 2 $2M 35 46 4 168 93% 9

$2M 2 $5M 20 11 1 406 100% 22

AVG/ >:$5M 2 0 0 0 0% 0

TOTALS 326 1505 125 59 95% 3

SOURCE: FMLS 2018; Area 21, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 21 from April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 2 15 1 9 99% 3

$200K 2 $299K 1 4 0 31 99% 6

$300K 2 $399K 2 16 1 82 91% 2

$400K 2 $499K 3 42 4 73 94% 1

$500K 2 $599K 24 102 9 81 95% 3

$600K 2 $699K 33 123 10 62 96% 3

$700K 2 $799K 35 88 7 105 95% 5

$800K 2 $899K 33 67 6 95 91% 6

$900K 2 $999K 28 58 5 96 93% 6

$1M 2 $2M 166 255 21 118 93% 8

$2M 2 $5M 90 74 6 167 90% 15

AVG/ >:$5M 14 2 0 126 95% 84

TOTALS 431 846 71 100 92% 6

SOURCE: FMLS 2018; Area 21, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

ENGEL & VÖLKERS ATLANTA

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ATLANTA


ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | 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 20.3% on a year-over-year basis from 300 in March 2017 to 239 in March 2018. The number of new condo listings in FMLS Area 21 decreased 10.5% on a year-over-year basis from 153 in March 2017 to 137 in March 2018. The number of condo sales in FMLS Area 21 saw no change on a year-over-year basis from 116 in March 2017 to 116 in March 2018. The months of inventory for condos in FMLS Area 21 decreased 20.3% on a year-over-year basis from 2.6 months in March 2017 to 2.1 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 10.3%

+ 0.7%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 20.3%

- 10.5%

+/- 0%

- 20.3%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 10.1%

RATIO OF SP/OLP

- 28%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | CONDOS

11 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 21 decreased 20.3% on a year-over-year basis from 300 in March 2017 to 239 in March 2018. The number of new condo listings in FMLS Area 21 decreased 10.5% on a year-over-year basis from 153 in March 2017 to 137 in March 2018. The number of condo sales in FMLS Area 21 did not change on a year-over-year basis from 116 in March 2017 to 116 in March 2018.

400

400

300

300

200

200

100

100

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY 10

The months of inventory for condos in FMLS Area 21 decreased 20.3% on a year-overyear basis from 2.6 months in March 2017 to 2.1 months in March 2018.

8 6 4 2 0

3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com


ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA21 21 || CONDOS CONDOS

12 12

MEDIAN SALE PRICE

+ 10.3%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$500,000

The median list price for condos in FMLS Area 21 increased 18.2% on a year-over-year basis from $236,900 in March 2017 to $279,900 in March 2018.

$400,000 $300,000

The median sale price for condos in FMLS Area 21 increased 10.3% on a year-over-year basis from $209,950 in March 2017 to $231,500 in March 2018.

$200,000 $100,000 $0

2Q15

4Q15

2Q16

4Q16

2Q17

4Q17

AVERAGE SALE PRICE

+ 10.1%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$750,000

The average list price for condos in FMLS Area 21 increased 2% on a year-over-year basis from $417,507 in March 2017 to $425,867 in March 2018.

$600,000 $450,000

The average sale price for condos in FMLS Area 21 increased 10.1% on a year-over-year basis from $268,551 in March 2017 to $295,608 in March 2018.

$300,000 $150,000 $0 2Q15

4Q15

2Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q16

2Q17

4Q17

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | CONDOS

13 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 28%

The median number of continuous days on market (CDOM) for condos in FMLS Area 21 decreased 28% on a year-overyear basis from 25 days in March 2017 to 18 days in March 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

+ 0.7%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for condos in FMLS Area 21 increased 0.7% on a year-overyear basis from 97.3% in March 2017 to 98% in March 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


10 14

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA21 21 || TOWNHOMES TOWNHOMES

FMLS AREA 21 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 21 increased 3.6% on a year-over-year basis from 84 in March 2017 to 87 in March 2018. The number of new townhome listings in FMLS Area 21 increased 23.3% on a year-over-year basis from 30 in March 2017 to 37 in March 2018. The number of townhome sales in FMLS Area 21 decreased 8.3% on a year-over-year basis from 24 in March 2017 to 22 in March 2018. The months of inventory for townhomes in FMLS Area 21 increased 13% on a year-over-year basis from 3.5 months in March 2017 to 4 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

- 15.3%

+ 0.5%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 3.6%

+ 23.3%

- 8.3%

+ 13%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 0.6%

RATIO OF SP/OLP

- 65.6%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | TOWNHOMES

15 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | TOWNHOMES

SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 21 increased 3.6% on a year-over-year basis from 84 in March 2017 to 87 in March 2018.

150

The number of new townhome listings in FMLS Area 21 increased 23.3% on a year-over-year basis from 30 in March 2017 to 37 in March 2018.

150

120

The number of townhome sales in FMLS Area 21 decreased 8.3% on a year-over-year basis from 24 in March 2017 to 22 in March 2018.

120

90

90

60

60

30

30

0

0 2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

MONTHS OF INVENTORY 10

The months of inventory for townhomes in FMLS Area 21 increased 13% on a yearover-year basis from 3.5 months in March 2017 to 4 months in March 2018.

8 6 4 2 0 3Q15

www.evatlanta.com

1Q16

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com


ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA21 21 | | TOWNHOMES TOWNHOMES

12 16

MEDIAN SALE PRICE

- 15.3%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for townhomes in FMLS Area 21 increased 21.7% on a year-over-year basis from $492,950 in March 2017 to $600,000 in March 2018.

$750,000 $600,000

The median sale price for townhomes in FMLS Area 21 decreased 15.3% on a year-overyear basis from $478,500 in March 2017 to $405,500 in March 2018.

$450,000 $300,000 $150,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 0.6%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$900,000

The average list price for townhomes in FMLS Area 21 decreased 7.2% on a year-over-year basis from $651,493 in March 2017 to $604,525 in March 2018.

$750,000 $600,000

The average sale price for townhomes in FMLS Area 21 increased 0.6% on a year-over-year basis from $531,021 in March 2017 to $534,113 in March 2018.

$450,000 $300,000 $150,000 $0

3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | TOWNHOMES

17 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | TOWNHOMES

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 65.6% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 21 decreased 65.6% on a year-over-year basis from 32 days in March 2017 to 11 days in March 2018.

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

+ 0.5%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for townhomes in FMLS Area 21 increased 0.5% on a yearover-year basis from 99.5% in March 2017 to 100% in March 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%

3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com


10 18

MARKET INTELLIGENCE | 1Q18| FMLS | FMLS AREA AREA 2121| |SFD ATLANTA ATLANTA MARKET INTELLIGENCE | 1Q18 SFD

FMLS AREA 21

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 21 decreased 18.4% on a year-over-year basis from 510 in March 2017 to 416 in March 2018. The number of new SFD listings in FMLS Area 21 decreased 11.6% on a year-over-year basis from 225 in March 2017 to 199 in March 2018. The number of SFD sales in FMLS Area 21 increased 19.7% on a year-overyear basis from 66 in March 2017 to 79 in March 2018. The months of inventory for SFD in FMLS Area 21 decreased 31.9% on a year-over-year basis from 7.7 months in March 2017 to 5.3 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 18.9%

+ 1.0%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 18.4%

- 11.6%

+ 19.7%

- 31.9%

ENGEL & VÖLKERS ATLANTA ATLANTA

+ 10.1%

RATIO OF SP/OLP

+ 38.5%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | SFD

19

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | SFD

11

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 21 decreased 18.4% on a year-over-year basis from 510 in March 2017 to 416 in March 2018.

600

The number of new SFD listings in FMLS Area 21 decreased 11.6% on a year-over-year basis from 225 in March 2017 to 199 in March 2018.

600

500

The number of SFD sales in FMLS Area 21 increased 19.7% on a year-over-year basis from 95 in March 2017 to 76 in March 2018.

500

400

400

300

300

200

200

100

100

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY 16

The months of inventory for SFD in FMLS Area 21 decreased 31.9% on a year-overyear basis from 7.7 months in March 2017 to 5.3 months in March 2018.

12 8 4 0 3Q15

www.evatlanta.com

1Q16

3Q16

1Q17

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA

www.evatlanta.com


ATLANTA ATLANTA MARKETMARKET INTELLIGENCE | 1Q18 | FMLS 21| |SFD SFD INTELLIGENCE | 1Q18 | FMLSAREA AREA 21

12 20

MEDIAN SALE PRICE

+ 18.9%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 21 decreased 1.5% on a year-over-year basis from $990,000 in March 2017 to $975,000 in March 2018.

$1,500,000 $1,250,000 $1,000,000

The median sale price for SFD in FMLS Area 21 increased 18.9% on a year-over-year basis from $736,171 in March 2017 to $875,000 in March 2018.

$750,000 $500,000 $250,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 10.1%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 21 decreased 6.6% on a year-over-year basis from $1,311,977 in March 2017 to $1,225,643 in March 2018.

$1,500,000 $1,250,000 $1,000,000

The average sale price for SFD in FMLS Area 21 increased 10.1% on a year-over-year basis from $1,008,950 in March 2017 to $1,111,336 in March 2018.

$750,000 $500,000 $250,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | SFD

21 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 38.5% 120

The median number of continuous days on market (CDOM) for SFD in FMLS Area 21 increased 38.5% on a yearover-year basis from 26 days in March 2017 to 36 days in March 2018.

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

+ 1.0%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 21 increased 1% on a year-over-year basis from 95.4% in March 2017 to 96.4% in March 2018.

102%

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%

3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com


132


ATLANTA MARKET INTELLIGENCE | 1Q18 | 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 | 1Q18 | FMLS AREA 132 ATLANTA MARKET INTELLIGENCE | 1Q18 | 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 April 1, 2017 to March 31, 2018.

CATEGORY ACTIVE'LISTINGS ANNUAL'CLOSINGS MONTHLY'CLOSINGS AVERAGE'CDOM SP/OLP MONTHS'OF'INVENTORY

$0 2 $199K 7 77 6 20 99% 1

$200K 2 $299K 3 31 3 23 98% 1

$300K 2 $399K 9 25 2 45 98% 5

$400K 2 $499K 15 53 4 66 97% 4

$500K 2 $599K 6 27 2 58 99% 3

$600K 2 $699K 2 2 0 24 95% 12

$700K 2 $799K 0 1 0 4 100% 0

$800K 2 $899K 0 2 0 385 84% 0

$900K 2 $999K 2 1 0 89 101% 24

$1M 2 $2M 1 0 0 0 0% 0

$2M 2 $5M 0 0 0 0 0% 0

AVG/ >:$5M 0 0 0 0 0% 0

TOTALS 45 219 18 48 97% 2

SOURCE: FMLS 2018; Area 132, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 132 from April 1, 2017 to March 31, 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 45% 0

$300K 2 $399K 0 16 1 75 89% 0

$400K 2 $499K 4 24 2 78 92% 2

$500K 2 $599K 18 35 3 75 94% 6

$600K 2 $699K 12 34 3 83 90% 4

$700K 2 $799K 13 18 2 88 94% 9

$800K 2 $899K 19 22 2 79 96% 10

$900K 2 $999K 5 13 1 113 92% 5

$1M 2 $2M 62 76 6 174 92% 10

$2M 2 $5M 32 17 1 209 91% 23

AVG/ >:$5M 2 0 0 0 0% 0

TOTALS 167 256 21 119 92% 8

SOURCE: FMLS 2018; Area 132, All attached product closed trailing 12 months (Apr 1, 2017 – Mar 31, 2018)

ENGEL & VÖLKERS ATLANTA

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ATLANTA


ATLANTA MARKET | 1Q18 | FMLS AREA 132 ATLANTAINTELLIGENCE MARKET INTELLIGENCE | 1Q18 | 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 25% on a year-over-year basis from 12 in March 2017 to 15 in March 2018. The number of new condo listings in FMLS Area 132 decreased 31.3% on a year-over-year basis from 16 in March 2017 to 11 in March 2018. The number of condo sales in FMLS Area 132 increased 225% on a year-overyear basis from 4 in March 2017 to 13 in March 2018. The months of inventory for condos in FMLS Area 132 decreased 61.5% on a year-over-year basis from 3.0 months in March 2017 to 1.2 months in March 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%

- 31.3%

+ 225%

- 61.5%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 38.2%

- 32.6%

- 0.3%

- 40%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | CONDOS

123 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 132 increased 25% on a year-over-year basis from 12 in March 2017 to 15 in March 2018. The number of new condo listings in FMLS Area 132 decreased 31.3% on a year-over-year basis from 16 in March 2017 to 11 in March 2018. The number of condo sales in FMLS Area 132 increased 225% on a year-over-year basis from 4 in March 2017 to 13 in March 2018.

40

40

30

30

20

20

10

10

0

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

MONTHS OF INVENTORY 16

The months of inventory for condos in FMLS Area 132 decreased 61.5% on a year-overyear basis from 3.0 months in March 2017 to 1.2 months in March 2018.

12 8 4 0 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com


ATLANTA MARKET | 1Q18 | FMLS AREA 132 ATLANTAINTELLIGENCE MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132| |CONDOS CONDOS

12124

MEDIAN SALE PRICE

- 38.2%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for condos in FMLS Area 132 increased 100.5% on a year-over-year basis from $114,700 in March 2017 to $230,000 in March 2018.

$900,000 $750,000 $600,000

The median sale price for condos in FMLS Area 132 decreased 38.2% on a year-over-year basis from $249,000 in March 2017 to $154,000 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

- 32.6%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for condos in FMLS Area 132 increased 65.7% on a year-over-year basis from $144,475 in March 2017 to $239,400 in March 2018.

$900,000 $750,000 $600,000

The average sale price for condos in FMLS Area 132 decreased 32.6% on a year-over-year basis from $290,750 in March 2017 to $196,023 in March 2018.

$450,000 $300,000 $150,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com


ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | CONDOS

125 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | 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 132 decreased 40% on a yearover-year basis from 10 days in March 2017 to 6 days in March 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 condos in FMLS Area 132 decreased 0.3% on a year-overyear basis from 98.4% in March 2017 to 98.1% in March 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


10126

ATLANTA MARKET | 1Q18 | FMLS AREA 132 ATLANTAINTELLIGENCE MARKET INTELLIGENCE | 1Q18 | 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 an increase of 8% on a year-over-year basis from 25 in March 2017 to 27 in March 2018. The number of new townhome listings in FMLS Area 132 decreased 16.7% on a yearover-year basis from 12 in March 2017 to 10 in March 2018. The number of townhome sales in FMLS Area 132 decreased 7.7% on a year-over-year basis from 13 in March 2017 to 12 in March 2018. The months of inventory for townhomes in FMLS Area 132 increased 17% on a year-over-year basis from 1.9 months in March 2017 to 2.3 months in March 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

+ 8%

- 16.7%

- 7.7%

+ 17%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 6.1%

+ 12%

- 1.2%

+ 700%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | TOWNHOMES

127 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | TOWNHOMES

SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 132 increased 8% on a year-over-year basis from 25 in March 2017 to 27 in March 2018. The number of new townhome listings in FMLS Area 132 decreased 16.7% on a year-over-year basis from 12 in March 2017 to 10 in March 2018. 75

75

The number of townhome sales in FMLS Area 132 decreased 7.7% on a year-over-year basis from 13 in March 2017 to 12 in March 2018.

60

60

45

45

30

30

15

15

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

0

MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 132 increased 17% on a yearover-year basis from 1.9 months in March 2017 to 2.3 months in March 2018.

15 12 9 6 3 0 3Q15

1Q16

3Q16

1Q17

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

3Q17

1Q18

ATLANTA www.evatlanta.com


ATLANTA MARKET | 1Q18| 1Q18 | FMLS AREA 132 ATLANTAINTELLIGENCE MARKET INTELLIGENCE | FMLS AREA 132| TOWNHOMES | TOWNHOMES

12128

MEDIAN SALE PRICE

+ 6.1%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$750,000

The median list price for townhomes in FMLS Area 132 increased 5% on a year-over-year basis from $444,900 in March 2017 to $467,284 in March 2018.

$600,000 $450,000

The median sale price for townhomes in FMLS Area 132 increased 6.1% on a year-over-year basis from $424,145 in March 2017 to $449,820 in March 2018.

$300,000 $150,000 $0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

+ 12%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$750,000

The average list price for townhomes in FMLS Area 132 increased 11.6% on a year-over-year basis from $466,092 in March 2017 to $520,337 in March 2018.

$600,000 $450,000

The average sale price for townhomes in FMLS Area 132 increased 12% on a year-over-year basis from $391,857 in March 2017 to $439,029 in March 2018.

$300,000 $150,000 $0

3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com


ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | TOWNHOMES

129 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | TOWNHOMES

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 700% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 132 increased 700% on a year-over-year basis from 14 days in March 2017 to 112 days in March 2018.

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

- 1.2%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for townhomes in FMLS Area 132 decreased 1.2% on a yearover-year basis from 98.5% in March 2017 to 97.3% in March 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% 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com


ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA SFD ATLANTA MARKET INTELLIGENCE | 1Q18 | 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 decreased 1.2% on a year-over-year basis from 168 in March 2017 to 166 in March 2018. The number of new SFD listings in FMLS Area 132 increased 6.7% on a year-over-year basis from 60 in March 2017 to 64 in March 2018. The number of SFD sales in FMLS Area 132 decreased 28.6% on a year-overyear basis from 28 in March 2017 to 20 in March 2018. The months of inventory for SFD in FMLS Area 132 increased 38.3% on a year-over-year basis from 6.0 months in March 2017 to 8.3 months in March 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

- 12.1%

+ 0.3%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 1.2%

+ 6.7%

- 28.6%

+ 38.3%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 13.7%

RATIO OF SP/OLP

- 55.4%

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ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | SFD

131 11

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 121 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 121 increased 66.7% on a year-over-year basis from 33 in March 2017 to 55 in March 2018. The number of new SFD listings in FMLS Area 121 increased 73.9% on a year-over-year basis from 23 in March 2017 to 40 in March 2018. 100

100

The number of SFD sales in FMLS Area 121 increased 37.5% on a year-over-year basis from 8 in March 2017 to 11 in March 2018.

80

80

60

60

40

40

20

20

0

0

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

MONTHS OF INVENTORY 16

The months of inventory for SFD in FMLS Area 121 increased 21.2% on a year-overyear basis from 4.1 months in March 2017 to 5.0 months in March 2018.

12 8 4 0 3Q15

1Q16

3Q16

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

ATLANTA www.evatlanta.com


ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA132 132 || SFD SFD

12132

MEDIAN SALE PRICE

- 12.1%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 132 decreased 29.2% on a year-over-year basis from $1,172,500 in March 2017 to $830,000 in March 2018.

$2,250,000 $2,000,000 $1,750,000 $1,500,000

The median sale price for SFD in FMLS Area 132 decreased 12.1% on a year-over-year basis from $693,750 in March 2017 to $609,800 in March 2018.

$1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

AVERAGE SALE PRICE

- 13.7%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 132 decreased 28.8% on a year-over-year basis from $1,532,299 in March 2017 to $1,090,398 in March 2018.

$2,250,000 $2,000,000 $1,750,000

The average sale price for SFD in FMLS Area 132 decreased 13.7% on a year-over-year basis from $1,068,824 in March 2017 to $922,024 in March 2018.

$1,500,000 $1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 3Q15

1Q16

3Q16

ATLANTA ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

www.evatlanta.com www.evatlanta.com


ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | SFD

133 13

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 132 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 55.4%

The median number of continuous days on market (CDOM) for SFD in FMLS Area 132 decreased 55.4% on a yearover-year basis from 92 days in March 2017 to 41 days in March 2018.

150 120 90 60 30 0

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

RATIO OF SP/OLP

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 SALE PRICE TO ORIGINAL LIST PRICE

+ 0.3%

The ratio of SP/OLP for SFD in FMLS Area 132 increased 0.3% on a year-over-year basis from 95.8% in March 2017 to 96.1% in March 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% 88% 3Q15

www.evatlanta.com

1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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.

2018 Q1 Market Intelligence | Ashley Battleson  
2018 Q1 Market Intelligence | Ashley Battleson  
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