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MARKET INTELLIGENCE INTELLIGENCE 2 0 1 8 2 0 1 8

Q 1 Q 1

A T L A N T A, A T L A N T A,

G E O R G I A G E O R G I A

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

& VÖLKERS ATLANTA


21


ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21

4

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

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ATLANTA MARKET INTELLIGENCE REPORT | 1Q18 | FMLS AREA 21

ATLANTA MARKET INTELLIGENCE | 1Q18 | FMLS AREA 21

5

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)

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

10 6

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

7 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

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1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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

12 8

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

9 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

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1Q16

3Q16

ENGEL & VÖLKERS ATLANTA

1Q17

3Q17

1Q18

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2017 YEAR-END ATLANTA MARKET INTELLIGENCE

10

Market Intelligence Eclipse Condominium

2018 1st Quarter Sales Market Intelligence

Market Intelligence

Eclipse Condominium

Eclipse Condominium

2018 1st Quarter Sales

2018 1st Quarter Sales

ATLANTA

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1745 Peachtre


2017 YEAR-END ATLANTA MARKET INTELLIGENCE

11

Lowest Priced Sale 1Q 2018 ................................................................... $95,000 Highest Priced Sale in 1Q 2018 ........................................................... $218,000 ACTIVE LISTINGS UNIT NUMBER

BED/BATH

SF

LIST PRICE

804

1|1

790

$230,000

601

1|1

827

$215,000

303

1|1

779

$213,900

UNIT NUMBER

BED/BATH

SF

LIST PRICE

905

2|2

1,159

$359,900

508

2|2

1,060

$350,000

2215

1|1

797

$269,900

2107

1|1

762

$240,000

PENDING SALES

Source FMLS 2017 CLOSED SALES UNIT NUMBER

BED/BATH

SF

DAYS ON MARKET

SOLD PRICE

% TO LIST

1202

1|1

770

5

$231,500

101%

1204

1|1

790

248

$215,000

91%

1206

1|1

771

0

$231,000

97%

1410

2|2

1,060

42

$385,000

100%

1510

2|2

1,060

42

$385,000

96%

501

1|1

827

92

$188,000

90%

707

1|1

762

7

$228,000

70%

917

1|1

762

56

$232,000

99%

1405

2|2

1,158

118

$350,000

95%

1605

2|2

1,158

9

$369,900

100%

Source FMLS 2017

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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.

Q1 2018 Market Intelligence | Chad Davis  
Q1 2018 Market Intelligence | Chad Davis  
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