Engel & Völkers Atlanta - 2019 Q4 Market Intelligence

MARKET INTELLIGENCE 2 0 1 9

Q 4

AT L A N T A ,

G E O R G I A

ENGEL & VÖLKERS ATLANTA

A WORD FROM US

The fourth quarter in the Atlanta real estate market has brought plenty of surprises.

On the following pages of this report you will find a cohesive set of data points which help showcase current market conditions in the condominium, townhome, and singlefamily home market of areas within Cobb, DeKalb, & Fulton counties.

Overall, the fourth quarter of 2019 has brought a slight increase to the supply levels for townhomes and condos, while the single-family home supply levels have decreased.

As expected, overall supply levels remain well below stable market conditions, which translates to a 6-month timeline to sell all of the homes on the market. As home values increase, more and more homeowners are trying to capitalize on the increase in equity from their homes. Economic conditions in Atlanta, like the explosive job growth and population boom, along with a minimal unemployment rate have helped this amazing city thrive in an expansionary time. We appreciate you looking through this report and hope you harness and spread the word on all the insight provided within.

Single Family Homes Inside the Perimeter

01

Outside the Perimeter

17

Condominiums

Inside the Perimeter

28

Outside the Perimeter

33

Townhomes

Inside the Perimeter

36

Outside the Perimeter

42

S I N G L E FA M I LY H O M E S

INSIDE THE PERIMETER

1

Single Family Homes

Inside the Perimeter

ANSLEY PARK / SHERWOOD FOREST HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

$1,152,000

12

8.5

$

56

9.6

BROOKHAVEN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

135

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

2

2.5

$606,500

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

16

BROOKWOOD HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.8

$940,000

2

$

169

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

261

5

$945,000 $

38

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

3

Single Family Homes

Inside the Perimeter

CABBAGETOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.5

$366,791

20

$

26

9.6

CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

72

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

4

3

$375,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

37

CHASTAIN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.5

$1,141,862

25

$

COLLEGE PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

16

9.6

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

298

3

$395,750 $

32

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

5

Single Family Homes

Inside the Perimeter

COLLIER HILLS/ ARDMORE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.8

$655,000

17

$

21

9.6

DECATUR HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

275

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

6

2.9

$266,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

29

DRUID HILLS / EMORY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.3

$719,500

24

$

EAST ATLANTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

25

9.6

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

56

2.9

$387,000 $

33

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

7

Single Family Homes

Inside the Perimeter

EAST LAKE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.2

655,000

106

$

40

9.6

EAST POINT HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

64

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

8

2.9

$174,500

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

32

EDGEWOOD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

5.1

$285,951

16

$

50

9.6

GARDEN HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

9

3.7

$970,000 $

55

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

9

Single Family Homes

Inside the Perimeter

GRANT PARK / GLENWOOD PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.5

$482,000

32

$

17

9.6

HAPEVILLE / THOMASVILLE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

19

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

10

2.3

$182,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

47

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.2

$730,000

6

$

21

9.6

KIRKWOOD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

42

2.7

$431,000 $

32

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

11

Single Family Homes

Inside the Perimeter

LAKE CLAIRE / LITTLE FIVE POINTS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.2

$530,700

20

$

30

9.6

OAKHURST HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

18

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

12

1.4

$558,250

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

42

OLD FOURTH WARD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.4

$669,950

52

13

$

9.6

ORMEWOOD PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

28

2

$416,000 $

13

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

13

Single Family Homes

Inside the Perimeter

PEACHTREE HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.4

$635,000

29

$

9

9.6

REYNOLDSTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

37

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

14

1.8

$475,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

26

VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

5.7

$625,000

15

$

42

9.6

VIRGINIA HIGHLANDS / MORNINGSIDE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

64

3.4

$925,500 $

26

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

15

Single Family Homes

Inside the Perimeter

WEST END / CAPITOL VIEW HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4

$222,3000

155

33

$

9.6

WEST MIDTOWN / UNDERWOOD HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

88

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

16

3.5

$399,500

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

28

S I N G L E FA M I LY H O M E S

OUTSIDE THE PERIMETER

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

17

Single Family Homes

Outside the Perimeter

ACWORTH HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.1

$266,745

420

$

25

9.6

ALPHARETTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

360

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

18

3.3

$435,500

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

40

CHATTAHOOCHEE HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

7.9

$462,200

10

$

61

9.6

CUMMING HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

699

2.8

$354,000 $

40

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

19

Single Family Homes

Outside the Perimeter

DULUTH HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.7

$300,000

193

$

21

9.6

DUNWOODY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

69

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

20

2.2

$475,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

42

EAST COBB HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.9

$423,000

246

$

33

9.6

JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

143

3.7

$477,000 $

35

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

21

Single Family Homes

Outside the Perimeter

KENNESAW HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.9

$265,000

293

$

25

9.6

MABLETON HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

151

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

22

2.2

$255,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

25

MARIETTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.5

$320,000

883

$

24

9.6

MILTON HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

90

5.2

$721,250 $

54

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

23

Single Family Homes

Outside the Perimeter

NORCROSS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.6

$210,000

101

$

18

9.6

PEACHTREE CITY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

20

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

24

3.3

$342,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

69

PEACHTREE CORNERS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.7

$385,500

65

$

25

9.6

ROSWELL HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

282

3

$415,000 $

27

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

25

Single Family Homes

Outside the Perimeter

SANDY SPRINGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.7

$601,130

119

$

35

9.6

SMYRNA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

238

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

26

2.8

$387,700

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

19

SUWANNEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.1

$378,000

239

$

39

9.6

WOODSTOCK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

436

1.9

$289,450 $

19

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

27

CONDOMINIUMS

INSIDE THE PERIMETER

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

28

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

Condominiums

Inside the Perimeter

BROOKHAVEN / CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

5.3

$204,500

22

$

53

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

279

4.3

$248,500 $

38

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

29

Condominiums

Inside the Perimeter

DECATUR / EMORY / DRUID HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.6

$218,000

29

$

18

9.6

DOWNTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

48

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

30

4.3

$211,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

32

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.8

$274,500

4

$

6

9.6

MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

143

3.2

$296,900 $

29

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

31

Condominiums

Inside the Perimeter

OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.3

$250,950

30

$

23

9.6

WEST MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

61

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

32

3.4

$238,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

43

CONDOMINIUMS

OUTSIDE THE PERIMETER

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

33

Condominiums

Outside the Perimeter

MARIETTA / SMYNRA / VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.0

$179,900

191

$

29

9.6

ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

109

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

34

2.1

$197,500

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

38

SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

116

2.6

$169,000 $

43

9.6

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

35

TOWNHOMES

INSIDE THE PERIMETER

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

36

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

Townhomes

Inside the Perimeter

BROOKHAVEN / CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.3

$460,645

89

$

35

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

93

4.7

$500,073 $

39

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

37

Townhomes

Inside the Perimeter

DECATUR / EMORY / DRUID HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.4

$500,073

44

$

15

9.6

DOWNTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

38

5.7

$297,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

47

EAST ATLANTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.5

$208,775

2

$

55

9.6

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1

1.5

$545,000 $

15

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

39

Townhomes

Inside the Perimeter

MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.0

$480,000

9

31

$

9.6

OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

12

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

40

3.6

$439,450

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

$

46

WEST MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

64

4.4

$332,000 $

34

9.6

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

41

TOWNHOMES

OUTSIDE THE PERIMETER

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

42

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

Townhomes

Outside the Perimeter

MARIETTA / SMYNRA / VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3

$342,000

293

$

64

9.6

ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

265

2.8

$329,900 $

48

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

43

Townhomes

Outside the Perimeter

SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

164

3.1

$288,700 $

9.6

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

44

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9

41

Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

45

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Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS © 2020 Engel & Völkers. 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 & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.

46

AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 1 9