Christian Ross - April 2020 Market Intelligence

MARKET INTELLIGENCE A P R I L

Christian Ross • Engel & Völkers Atlanta 1745 Peachtree St • Atlanta • GA 30309 Office +1– 12/31/2019 404-845-7724 • Mobile +1 404-309-1098 Source: 10/1/2019 provided

by InfoSparks

by FMLS christian.ross@evatlanta.com christiansoldit.com

2 0 2 0

R E C A P

ENGEL & VÖLKERS ATLANTA 1

FMLS The Impact Area of 21COVID-19 The World Health Organization officially declared coronavirus, the disease caused by COVID-19, a pandemic on March 11, 2020. It’s already infected over 2.5 million and claimed more than 170,000 lives worldwide.

Shelter-in-place orders have been issued across the country and almost 22 million Americans have filed for unemployment since the outbreak of the pandemic.

Given these extraordinary times, Engel & Völkers Atlanta is taking an exceptionally close look at the Atlanta real estate market to better understand and anticipate market conditions.

METRO ATLANTA Month/Year

Sales (DET)

Sales (ATT)

Avg. Close Price (DET)

Avg. Close Price (ATT)

For Sale (DET)

For Sale (ATT)

Mar-20

6298

1331

$332,122

$289,518

16361

3568

Mar-19

6424

1278

$317,208

$263,630

17714

3221

YoY Change

-2%

4%

5%

10%

-8%

11%

* Source: FMLS data, Metro-Atlanta, March 2019 and March 2020

GA Weekly Covid-19 Cases and Pending Sales YTY % Change New Pending Sales w/ Lag Covid-19 Weekly Cases New Pending Sales Forecast *Source: MarketNSight

Metro Atlanta For Sale / Sold / Pending For Sale Sold New Pending Sales * Source: Trendgraphix, April 2018-April 2020, Metro-Atlanta area

Source: 1/1/2020 – 3/31/2020 provided by v by FMLS

2

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Monthly Inventory Based on Closed Sales

* Source: Trendgraphix, April 2018-April 2020, Metro-Atlanta area

January 1st - May 7th Weekly-Atlanta New Pending Sales New Pending Sales 2019 New Pending Sales 2020 w/ Lag New Pending Sales 202 Forecast

*Source: MarketNSight

Given the data above, alongside the analysis of industry experts, such as John Hunt of MarketNSight, Robert Dietz, the NAHB Chief Economist, and Georgia State University’s Chief Economist Dr. Rajeev Dhawan, here are our predictions for the next several months for the Atlanta real estate market:

• Previously we forecasted a bleak outlook for April and May, down 55%-60%. We have been pleasantly surprised at the data. In the month of April, the market only retracted 15%.

• According to current data, May 2020 data will show a 10% increase over the first week of May 2019.

• Why is housing performing better than many predicted?

• We entered this crisis with historically low inventories for most sub-markets in Metro Atlanta. Low inventory coupled with high demand, has left many consumers competing with multiple other consumers for the same home(s). In many pricing segments, it is still a seller’s market.

• All indicators point to housing taking its traditional role of leading the country out of this recession in the 3rd and 4th quarters of 2020.

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

3

FMLS The Impact Area of 21COVID-19

RECESSION DOES NOT EQUAL HOUSING CRISIS

HOME PRICES DURING LAST 5 RECESSIONS

Home Prices Appreciated During 3 of the Last 5 Recessions

6.1%

1980

6.6% 3.5% 1981

1991

1.9%

2008 2001

19.7%

Source: 1/1/2020 – 3/31/2020 provided by v by FMLS

4

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

As we move through the next few weeks and months, it will be important to remember that, as the data shows, there is still a supply and demand issue. Industry expert and NAHB Chief Economist, Robert Dietz, says it best- “The housing sector enters this recession underbuilt rather than overbuilt. That means as the economy rebounds — which it will at some stage — housing is set to help lead the way out.”

While we continue to monitor all relevant data to the Atlanta real estate market, the effects of the pandemic cannot fully be seen yet. This period only begins to reflect the pandemic’s impact; the most fully formed data will come in the second and third quarters.

We’ll be releasing our detailed May report soon and our comprehensive Q2 report in July. Make sure you’re signed up to receive them by clicking below.

SIGN UP FOR MARKET INTELLIGENCE REPORTS

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

5

A WORD FROM US

As the economy in Georgia comes back to life, we continue to monitor data day to day and are committed to keeping our clients and company informed on the state of the real estate market. 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 single-family home markets of areas and neighborhoods within metro-Atlanta.

Overall, the last two months have shown a slight increase to the supply levels for townhomes condos, and single-family homes. As expected, overall supply levels remain well below stable market conditions, which translates to a 3.3-month timeline to sell all of the homes on the market. However, supply levels for higher priced homes can range widely from 2 to 20 months. As home values continue to rise, more and more homeowners are trying to capitalize on the increase in equity from their homes. It’s important to point out that increasing home values get smaller as price rises. This is largely due to the fact that some price segments have much higher supply levels.

Economic conditions in Atlanta, like the explosive job growth and population boom, have helped this amazing city thrive in an expansionary time. However, with the recent COVID-19 pandemic and the economic fallout surrounding it, there are many questions about the Atlanta real estate market. Atlanta, like many other cities, has experienced a sharp rise in unemployment since the stay-at-home order was implemented. As the city begins returning to work, many who were furloughed will return to work. However, a portion of jobs lost will be permanent. Given current inventory and sales data, this will have a minimal impact on the Atlanta real estate market.

We hope the information within the following pages will provide clarity and confidence in this time of change and uncertainty. We appreciate you looking through this report and hope you harness and spread the word on all the insight provided within.

Source: 1/1/2020 – 3/31/2020 provided by v by FMLS

6

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

FMLS Area Breakdowns Area 21

09

Area 22

15

Area 23

21

Area 24

27

Area 51

33

Area 52

39

Area 53

45

Area 31

51

Area 32

57

Area 71

63

Area 132

69

Area 131

75

Area 121

81

Areas 61-62

87

Areas 72-75

93

Areas 81-83

99

Area 13

105

Area 14

111

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

7

FMLS

AREA 21

9

FMLS Area 21 Overview

April 2020

FMLS AREA 21

132 51

SUMMARY OF MARKET ACTIVITY

400

71

21

285

85

75 285 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.

22

52

23 24

20

20

32

31

53

75

285

85

ATTA C H E D H OME S The following table shows activity for attached homes (condos and townhomes) in FMLS Area 21 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

63

131

71

46

38

34

21

19

10

31

14

2

480

ANNUAL CLOSINGS

250

417

208

94

54

65

39

27

21

44

15

1

1235

MONTHLY CLOSINGS

21

35

17

8

5

5

3

2

2

4

1

0

103

AVERAGE CDOM

36

62

63

97

110

115

141

157

83

121

166

352

74

96%

94%

96%

95%

93%

95%

96%

96%

95%

94%

95%

87%

95%

3

4

4

6

8

6

6

8

6

8

11

24

5

CATEGORY

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 21 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

ACTIVE LISTINGS

3

3

ANNUAL CLOSINGS

19

6

MONTHLY CLOSINGS

2

1

2

CATEGORY

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$300K $399K

$400K - $499K

$500K $599K

7

5

22

18

49

87

4

7

11

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

32

36

27

30

120

86

23

394

129

101

85

58

304

68

5

929

8

7

5

25

6

0

77

54

13

64

68

89

75

74

99

91

94

129

268

89

88%

100%

92%

94%

83%

94%

93%

93%

92%

93%

92%

87%

92%

2

6

5

1

3

3

4

4

6

5

15

55

5

Source: FMLS Source: FMLS

10

$600K $699K

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 21 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Area 21 increased 4.9% on a month-over-month basis from 384 in March 2020 to 403 in April 2020. The number of new condo listings in FMLS Area 21 decreased 35.4% on a month-over-month basis from 144 in March 2020 to 93 in April 2020. The number of condo sales in FMLS Area 21 decreased 30.9% on a month-over-month basis from 81 in March 2020 to 56 in April 2020. The months of inventory for condos in FMLS Area 21 increased 51.8% on a month-over-month basis from 5 months in March 2020 to 7 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+4.9%

-30.9%

-4.9%

+0.5%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-35.4% +51.8% -17.6%

+6.5%

Source: FMLS

11

Townhomes

April 2020

FMLS AREA 21 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Area 21 decreased 1.9% on a month-over-month basis from 103 in March 2020 to 101 in April 2020. The number of new townhome listings in FMLS Area 21 decreased 50.0% on a month-over-month basis from 38 in March 2020 to 19 in April 2020. The number of townhome sales in FMLS Area 21 decreased 21.7% on a month-over-month basis from 23 in March 2020 to 18 in April 2020. The months of inventory for townhomes in FMLS Area 21 increased 25.3% on a month-over-month basis from 4.5 months in March 2020 to 5.6 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

-1.9%

-21.7%

-10.3%

+0.5%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-50.0% +25.3% -22.3% +15.9%

Source: FMLS

12

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Single-Family

April 2020

FMLS AREA 21 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Area 21 increased 5.2% on a month-over-month basis from 421 in March 2020 to 443 in April 2020. The number of new single-family listings in FMLS Area 21 decreased 25.6% on a month-over-month basis from 168 in March 2020 to 125 in April 2020. The number of single-family sales in FMLS Area 21 decreased 26.7% on a month-over-month basis from 90 in March 2020 to 66 in April 2020. The months of inventory for single-family in FMLS Area 21 increased 49.6% on a month-over-month basis from 4.7 months in March 2020 to 7.0 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+5.2%

-26.7%

-6.0%

+1.5%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-25.6% +49.6%

-9.6%

-41.7%

Source: FMLS

13

FMLS

AREA 22

15

FMLS Area 21 Overview

April 2020

FMLS AREA 22

132 51

SUMMARY OF MARKET ACTIVITY

400

71

21

285

85

75 285 85

First Multiple Listing Service (FMLS) Area 22 includes Downtown and Atlanta’s westside neighborhoods. It includes Home Park, Loring Heights, Castleberry Hill, Blandtown, the portion of Buckhead that falls south of I-75 and numerous other neighborhoods. FMLS Area 22 is bound by the connector (I75/85) to the east, the Chattahoochee River and I-285 to the west, I-75 to the north and I-20 to the south.

22

52

23 24

20

20

32

31

53

75

285

85

ATTA C H E D H OME S The following table shows activity for attached homes (condos and townhomes) in FMLS Area 22 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

41

72

33

29

15

12

8

2

3

2

0

0

217

ANNUAL CLOSINGS

196

235

144

50

55

20

4

5

3

2

0

0

714

MONTHLY CLOSINGS

16

20

12

4

5

2

0

0

0

0

0

0

60

AVERAGE CDOM

63

46

66

74

105

150

271

81

25

171

0

0

64

73%

94%

98%

98%

97%

93%

91%

98%

99%

96%

0%

0%

89%

3

4

3

7

3

7

24

5

12

12

0

0

4

CATEGORY

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 22 from March, 1 2020 thru April, 30 2020.

CATEGORY

$0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

114

54

30

20

26

11

4

4

2

11

7

2

285

ANNUAL CLOSINGS

371

166

91

124

54

21

11

7

5

10

5

0

865

MONTHLY CLOSINGS

31

14

8

10

5

2

1

1

0

1

0

0

72

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

54

60

56

52

49

94

79

23

64

110

240

0

58

88%

95%

96%

97%

98%

98%

98%

100%

96%

95%

81%

0%

93%

4

4

4

2

6

6

4

7

5

13

17

0

4

Source: FMLS Source: FMLS

16

$700K $799K

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 22 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Area 22 decreased 0.6% on a month-over-month basis from 167 in March 2020 to 166 in April 2020. The number of new condo listings in FMLS Area 22 decreased 50.6% on a monthover-month basis from 77 in March 2020 to 38 in April 2020. The number of condo sales in FMLS Area 22 decreased 51.1% on a month-over-month basis from 47 in March 2020 to 23 in April 2020. The months of inventory for condos in FMLS Area 22 increased 103.1% on a month-over-month basis from 3.6 months in March 2020 to 7.2 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

-0.6% NUMBER OF NEW LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

MONTHS OF INVENTORY

AVERAGE SALE PRICE

-51.1% +16.5%

SALES PRICE TO LIST PRICE RATIO

+0.5% MEDIAN CUMULATIVE DAYS ON MARKET

-50.6% +103.1% +21.1% -28.6%

Source: FMLS

17

Townhomes

April 2020

FMLS AREA 22 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Area 22 decreased 2.4% on a month-over-month basis from 84 in March 2020 to 82 in April 2020. The number of new townhome listings in FMLS Area 22 decreased 53.3% on a month-over-month basis from 43 in March 2020 to 20 in April 2020. The number of townhome sales in FMLS Area 22 increased 8.3% on a month-over-month basis from 24 in March 2020 to 26 in April 2020. The months of inventory for townhomes in FMLS Area 22 decreased 9.9% on a month-over-month basis from 3.5 months in March 2020 to 3.2 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

SALES PRICE TO LIST PRICE RATIO

-2.4%

+8.3%

+8.5%

-1.0%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-53.3%

-9.9%

Source: FMLS

18

MEDIAN SALE PRICE

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

-9.8%

+5.7%

Single-Family

April 2020

FMLS AREA 22 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Area 22 increased 29.2% on a month-over-month basis from 295in March 2020 to 381 in April 2020. The number of new single-family listings in FMLS Area 22 increased 5.7% on a month-over-month basis from 123 in March 2020 to130 in April 2020. The number of single-family sales in FMLS Area 22 decreased 22.7% on a month-over-month basis from 66 in March 2020 to 51 in April 2020. The months of inventory for single-family in FMLS Area 22 increased 67.1% on a month-over-month basis from 4.5 months in March 2020 to 7.5 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

+29.2% NUMBER OF NEW LISTINGS

+5.7%

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

MONTHS OF INVENTORY

AVERAGE SALE PRICE

-22.7% +26.1%

SALES PRICE TO LIST PRICE RATIO

-0.2% MEDIAN CUMULATIVE DAYS ON MARKET

+67.1% +12.0% -44.4%

Source: FMLS

19

FMLS

AREA 23

21

FMLS Area 21 Overview

April 2020

FMLS AREA 23

132 51

SUMMARY OF MARKET ACTIVITY

400

71

21

285

85

75 285 85

First Multiple Listing Service (FMLS) Area 23 is made up of Midtown and Atlanta’s eastside neighborhoods that fall within Fulton County. It includes Ansley Park, Morningside-Lenox Park, Virginia-Highland, Old Fourth Ward, Inman Park, Cabbagetown and numerous other neighborhoods. FMLS Area 23 is bound by the connector (I-75/85) to the west, the Fulton/DeKalb line to the east, I-85 to the north, and I-20 to the south.

22

52

23 24

20

20

32

31

53

75

285

85

ATTA C H E D H OME S The following table shows activity for attached homes (condos and townhomes) in FMLS Area 23 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

56

84

81

35

54

25

21

16

11

29

11

0

423

ANNUAL CLOSINGS

200

470

346

181

93

56

23

31

12

27

4

0

1443

MONTHLY CLOSINGS

17

39

29

15

8

5

2

3

1

2

0

0

120

AVERAGE CDOM

47

50

41

62

86

94

102

88

52

120

402

0

58

95%

97%

97%

97%

98%

97%

98%

97%

99%

95%

92%

0%

97%

3

2

3

2

7

5

11

6

11

13

33

0

4

CATEGORY

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 23 from March, 1 2020 thru April, 30 2020.

CATEGORY

$0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

5

4

4

12

16

16

14

15

9

60

11

0

166

ANNUAL CLOSINGS

9

12

26

62

70

66

69

48

26

122

15

0

525

MONTHLY CLOSINGS

1

1

2

5

6

6

6

4

2

10

1

0

44

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

22

66

65

57

67

49

58

54

57

90

62

0

65

64%

86%

96%

93%

98%

95%

96%

97%

96%

96%

93%

0%

95%

7

4

2

2

3

3

2

4

4

6

9

0

4

Source: FMLS Source: FMLS

22

$900K $999K

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 23 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Area 23 increased 8.0% on a month-over-month basis from 325 in March 2020 to 351 in April 2020. The number of new condo listings in FMLS Area 23 increased 222.0% on a month-over-month basis from 41 in March 2020 to 132 in April 2020. The number of condo sales in FMLS Area 23 decreased 39.4% on a month-over-month basis from 127 in March 2020 to 77 in April 2020. The months of inventory for condos in FMLS Area 23 increased 78.1% on a month-over-month basis from 2.6 months in March 2020 to 4.6 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+8.0%

-39.4%

+0.3%

+1.5%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

+222.0% +78.1%

-2.1%

-28.6%

Source: FMLS

23

Townhomes

April 2020

FMLS AREA 23 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Area 23 increased 4.2% on a month-over-month basis from 96 in March 2020 to 100 in April 2020. The number of new townhome listings in FMLS Area 23 decreased 40.5% on a month-over-month basis from 42 in March 2020 to 25 in April 2020. The number of townhome sales in FMLS Area 23 decreased 16.7% on a month-over-month basis from 18 in March 2020 to 25 in April 2020. The months of inventory for townhomes in FMLS Area 23 increased 25.0% on a month-over-month basis from 5.3 months in March 2020 to 6.7 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

+4.2% NUMBER OF NEW LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

MONTHS OF INVENTORY

AVERAGE SALE PRICE

-16.7% +38.0%

SALES PRICE TO LIST PRICE RATIO

-0.1% MEDIAN CUMULATIVE DAYS ON MARKET

-40.5% +25.0% +20.1% +259.5%

Source: FMLS

24

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Single-Family

April 2020

FMLS AREA 23 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Area 23 increased 21.5% on a month-over-month basis from 158 in March 2020 to 192 in April 2020. The number of new single-family listings in FMLS Area 23 decreased 8.5% on a month-over-month basis from 82 in March 2020 to 75 in April 2020. The number of single-family sales in FMLS Area 23 decreased 9.5% on a month-over-month basis from 42 in March 2020 to 38 in April 2020. The months of inventory for single-family in FMLS Area 23 increased 34.3% on a month-over-month basis from 3.8 months in March 2020 to 5.1 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+21.5%

-9.5%

+0.9%

-0.8%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-8.5%

+34.3%

-5.4%

+13.3%

Source: FMLS

25

FMLS

AREA 24

27

FMLS Area 21 Overview

April 2020

FMLS AREA 24

132 51

SUMMARY OF MARKET ACTIVITY

400

71

21

285

85

75 285 85

22

First Multiple Listing Service (FMLS) Area 24 includes Atlanta’s eastside neighborhoods that fall within DeKalb County. It includes Druid Hills, Candler Park, Lake Claire, Edgewood, Kirkwood, East Atlanta and several other neighborhoods. FMLS Area 24 is bound by the Fulton/DeKalb line to the west, and the City of Atlanta bounds to the east, north and south.

52

23 24

20

20

32

31

53

75

285

85

ATTA C H E D H OME S The following table shows activity for attached homes (condos and townhomes) in FMLS Area 24 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

3

7

7

9

21

7

4

2

1

2

0

0

63

ANNUAL CLOSINGS

36

66

62

67

34

10

5

1

0

0

0

0

281

MONTHLY CLOSINGS

3

6

5

6

3

1

0

0

0

0

0

0

23

AVERAGE CDOM

62

42

50

95

85

36

33

56

0

0

0

0

62

95%

97%

97%

97%

99%

98%

99%

97%

0%

0%

0%

0%

97%

1

1

1

2

7

8

10

24

0

0

0

0

3

CATEGORY

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 24 from March, 1 2020 thru April, 30 2020.

CATEGORY

$0 $199K

$200K $299K

$300K $399K

$400K - $499K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

3

20

20

26

14

14

16

5

4

9

3

0

134

ANNUAL CLOSINGS

18

108

142

168

105

53

49

16

15

29

2

0

705

MONTHLY CLOSINGS

2

9

12

14

9

4

4

1

1

2

0

0

59

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

96

69

57

48

40

57

53

46

75

68

19

0

54

87%

90%

89%

98%

98%

97%

98%

97%

98%

99%

95%

0%

94%

2

2

2

2

2

3

4

4

3

4

18

0

2

Source: FMLS Source: FMLS

28

$500K $599K

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 24 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Area 24 decreased 9.5% on a month-over-month basis from 21 in March 2020 to 19 in April 2020. The number of new condo listings in FMLS Area 24 decreased 53.3% on a monthover-month basis from 15 in March 2020 to 7 in April 2020. The number of condo sales in FMLS Area 24 decreased 11.1% on a month-over-month basis from 9 in March 2020 to 8 in April 2020. The months of inventory for condos in FMLS Area 24 increased 1.8% on a month-over-month basis from 2.3 months in March 2020 to 2.4 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

-9.5%

-11.1%

+3.9%

+0.4%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-53.3%

+1.8%

-2.3%

-61.3%

Source: FMLS

29

Townhomes

April 2020

FMLS AREA 24 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Area 24 increased 16.0% on a month-over-month basis from 50 in March 2020 to 58 in April 2020. The number of new townhome listings in FMLS Area 24 decreased 26.9% on a month-over-month basis from 26 in March 2020 to 19 in April 2020. The number of townhome sales in FMLS Area 24 decreased 45.5% on a month-over-month basis from 11 in March 2020 to 6 in April 2020. The months of inventory for townhomes in FMLS Area 24 increased 112.7% on a month-over-month basis from 4.5 months in March 2020 to 9.7 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+16.0%

-45.5%

+5.4%

+1.0%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-26.9% +112.7% +1.6%

Source: FMLS

30

SALES PRICE TO LIST PRICE RATIO

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

-63.2%

Single-Family

April 2020

FMLS AREA 24 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Area 24 increased 8.4% on a month-over-month basis from 154 in March 2020 to 167 in April 2020. The number of new single-family listings in FMLS Area 24 decreased 15.0% on a month-over-month basis from 100 in March 2020 to 85 in April 2020. The number of single-family sales in FMLS Area 24 decreased 24.6% on a month-over-month basis from 57 in March 2020 to 43 in April 2020. The months of inventory for single-family in FMLS Area 24 increased 43.7% on a month-over-month basis from 2.7 months in March 2020 to 3.9 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

+8.4% NUMBER OF NEW LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

MONTHS OF INVENTORY

AVERAGE SALE PRICE

-24.6% +16.0%

-15.0% +43.7%

+7.9%

SALES PRICE TO LIST PRICE RATIO

+1.0% MEDIAN CUMULATIVE DAYS ON MARKET

-64.7%

Source: FMLS

31

FMLS

AREA 51

33

FMLS Area 21 Overview

April 2020

FMLS AREA 51

132 51

SUMMARY OF MARKET ACTIVITY

400

71

21

285

85

75 285 85

22

First Multiple Listing Service (FMLS) Area 51 encompasses the DeKalb County municipalities of Brookhaven, Chamblee and Doraville. It includes Ashford Park, North Brookhaven, Keswick Forest and numerous other neighborhoods. FMLS Area 51 is bound by the Fulton/DeKalb line to the west, I-85 to the east and south, and I-285 to the north.

52

23 24

20

20

32

31

53

75

285

85

ATTA C H E D H OME S The following table shows activity for attached homes (condos and townhomes) in FMLS Area 51 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

15

33

31

50

22

12

10

5

0

1

0

0

179

ANNUAL CLOSINGS

76

107

95

176

76

8

6

3

1

1

0

0

549

MONTHLY CLOSINGS

6

9

8

15

6

1

1

0

0

0

0

0

46

AVERAGE CDOM

47

48

54

102

71

68

121

222

42

6

0

0

74

62%

98%

98%

98%

99%

97%

98%

97%

106%

97%

0%

0%

93%

2

4

4

3

3

18

20

20

0

12

0

0

4

CATEGORY

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 51 from March, 1 2020 thru April, 30 2020.

CATEGORY

$0 $199K

$200K $299K

$300K $399K

$400K - $499K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

0

7

21

27

20

18

24

10

9

27

2

0

165

ANNUAL CLOSINGS

6

52

148

148

130

105

75

48

41

70

5

0

828

MONTHLY CLOSINGS

1

4

12

12

11

9

6

4

3

6

0

0

69

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

6

30

59

46

44

47

54

75

89

74

54

0

54

67%

97%

95%

96%

97%

97%

97%

96%

97%

96%

95%

0%

96%

0

2

2

2

2

2

4

3

3

5

5

0

2

Source: FMLS Source: FMLS

34

$500K $599K

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 51 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Area 51 decreased 1.6% on a month-over-month basis from 62 in March 2020 to 61 in April 2020. The number of new condo listings in FMLS Area 51 decreased 46.4% on a monthover-month basis from 28 in March 2020 to 15 in April 2020. The number of condo sales in FMLS Area 51 decreased 15.8% on a month-over-month basis from 19 in March 2020 to 16 in April 2020. The months of inventory for condos in FMLS Area 51 increased 16.8% on a month-over-month basis from 3.3 months in March 2020 to 3.8 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

-1.6% NUMBER OF NEW LISTINGS

-46.4%

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

MONTHS OF INVENTORY

AVERAGE SALE PRICE

-15.8% +25.7%

SALES PRICE TO LIST PRICE RATIO

+0.0% MEDIAN CUMULATIVE DAYS ON MARKET

+16.8% +23.5% +30.0%

Source: FMLS

35

Townhomes

April 2020

FMLS AREA 51 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Area 51 increased 13.1% on a month-over-month basis from 107 in March 2020 to 121 in April 2020. The number of new townhome listings in FMLS Area 51 decreased 22.7% on a month-over-month basis from 44 in March 2020 to 34 in April 2020. The number of townhome sales in FMLS Area 51 increased 6.1% on a month-over-month basis from 33 in March 2020 to 35 in April 2020. The months of inventory for townhomes in FMLS Area 51 increased 6.6% on a month-over-month basis from 3.2 months in March 2020 to 3.5 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

SALES PRICE TO LIST PRICE RATIO

+13.1%

+6.1%

-0.7%

-0.4%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-22.7%

+6.6%

Source: FMLS

36

MEDIAN SALE PRICE

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

+4.5%

-48.9%

Single-Family

April 2020

FMLS AREA 51 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Area 51 increased 11.4% on a month-over-month basis from 193 in March 2020 to 215 in April 2020. The number of new single-family listings in FMLS Area 51 decreased 24.4% on a month-over-month basis from 127 in March 2020 to 96 in April 2020. The number of single-family sales in FMLS Area 51 decreased 26.1% on a month-over-month basis from 69 in March 2020 to 51 in April 2020. The months of inventory for single-family in FMLS Area 51 increased 50.7% on a month-over-month basis from 2.8 months in March 2020 to 4.2 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

+11.4% -26.1%

-24.4% +50.7%

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+4.1%

-0.4%

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-2.8%

+57.1%

Source: FMLS

37

FMLS

AREA 52

39

FMLS Area 21 Overview

April 2020

FMLS AREA 52

132 51

SUMMARY OF MARKET ACTIVITY

400

71

21

285

85

75 285 85

22

First Multiple Listing Service (FMLS) Area 52 includes the DeKalb County municipalities of Decatur and Avondale Estates, as well as portions of unincorporated DeKalb County. It includes and numerous other neighborhoods. FMLS Area 52 is bound by I-285 to the east, the City of Atlanta line to the west, I-85 to the north, and I-20 to the south.

52

23 24

20

20

32

31

53

75

285

85

ATTA C H E D H OME S The following table shows activity for attached homes (condos and townhomes) in FMLS Area 52 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

47

34

32

40

22

4

5

5

1

1

0

0

191

ANNUAL CLOSINGS

214

180

126

84

25

11

3

7

0

0

0

0

650

MONTHLY CLOSINGS

18

15

11

7

2

1

0

1

0

0

0

0

54

AVERAGE CDOM

41

50

47

91

60

46

34

127

0

0

0

0

51

93%

97%

98%

97%

98%

98%

95%

101%

0%

0%

0%

0%

96%

3

2

3

6

11

4

20

9

0

0

0

0

4

CATEGORY

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 52 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

ACTIVE LISTINGS

60

108

78

68

ANNUAL CLOSINGS

352

460

475

323

MONTHLY CLOSINGS

29

38

40

27

19

CATEGORY

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$300K $399K

$400K - $499K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

72

36

28

19

15

47

4

0

535

222

131

76

47

21

56

2

0

2165

11

6

4

2

5

0

0

180

39

69

54

58

57

57

71

89

105

56

141

0

60

93%

94%

96%

96%

97%

97%

98%

93%

96%

96%

92%

0%

95%

2

3

2

3

4

3

4

5

9

10

24

0

3

Source: FMLS Source: FMLS

40

$500K $599K

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 52 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Area 52 increased 4.7% on a month-over-month basis from 85 in March 2020 to 89 in April 2020. The number of new condo listings in FMLS Area 52 decreased 36.4% on a month-overmonth basis from 55 in March 2020 to 35 in April 2020. The number of condo sales in FMLS Area 52 decreased 3.4% on a month-over-month basis from 29 in March 2020 to 28 in April 2020. The months of inventory for condos in FMLS Area 52 increased 8.4% on a month-over-month basis from 2.9 months in March 2020 to 3.2 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+4.7%

-3.4%

-9.6%

-1.0%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-36.4% +84.0% +18.3% +61.5%

Source: FMLS

41

Townhomes

April 2020

FMLS AREA 52 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Area 52 decreased 6.8% on a month-over-month basis from 118 in March 2020 to 110 in April 2020. The number of new townhome listings in FMLS Area 52 decreased 53.7% on a month-over-month basis from 67 in March 2020 to 31 in April 2020. The number of townhome sales in FMLS Area 52 decreased 3.0% on a month-over-month basis from 33 in March 2020 to 32 in April 2020. The months of inventory for townhomes in FMLS Area 52 decreased 3.9% on a month-over-month basis from 3.6 months in March 2020 to 3.4 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

SALES PRICE TO LIST PRICE RATIO

-6.8%

-3.0%

-6.7%

+1.5%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-53.7%

-3.9%

Source: FMLS

42

MEDIAN SALE PRICE

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

-8.4%

-19.2%

Single-Family

April 2020

FMLS AREA 52 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Area 52 increased 14.7% on a month-over-month basis from 565 in March 2020 to 648 in April 2020. The number of new single-family listings in FMLS Area 52 decreased 13.8% on a month-over-month basis from 312 in March 2020 to 269 in April 2020. The number of single-family sales in FMLS Area 52 decreased 8.9% on a month-over-month basis from 169 in March 2020 to 154 in April 2020. The months of inventory for single-family in FMLS Area 52 increased 25.9% on a month-over-month basis from 3.3 months in March 2020 to 4.2 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+14.7%

-8.9%

+9.3%

+1.3%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-13.8% +25.9%

+8.2%

-50.0%

Source: FMLS

43

FMLS

AREA 53

45

FMLS Area 21 Overview

April 2020

FMLS AREA 53

132 51

SUMMARY OF MARKET ACTIVITY

400

71

21

285

85

75 285 85

22

First Multiple Listing Service (FMLS) Area 53 is situated in the East Atlanta region, within the I-285 perimeter. It includes Gresham Park, Whitehall Forest Estates, East Atlanta, and several other neighborhoods. FMLS Area 53 is bordered by the Fulton/Dekalb county line, I-285 and I-20.

52

23 24

20

20

32

31

53

75

285

85

ATTA C H E D H OME S The following table shows activity for attached homes (condos and townhomes) in FMLS Area 53 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

11

4

4

3

0

0

0

0

0

0

0

0

22

ANNUAL CLOSINGS

22

12

9

0

0

0

0

0

0

0

0

0

43

MONTHLY CLOSINGS

2

1

1

0

0

0

0

0

0

0

0

0

4

AVERAGE CDOM

58

102

51

0

0

0

0

0

0

0

0

0

63

93%

98%

50%

0%

0%

0%

0%

0%

0%

0%

0%

0%

85%

6

4

5

*

*

*

0

0

0

0

0

0

6

CATEGORY

SP/OLP MONTHS OF INVENTORY

Source: FMLS * - no sales were recorded in this price segment during the specified time period

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 53 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

ACTIVE LISTINGS

19

29

11

10

5

0

0

0

0

0

0

0

74

ANNUAL CLOSINGS

89

80

53

40

8

1

0

0

0

0

0

0

271

MONTHLY CLOSINGS

7

7

4

3

1

0

0

0

0

0

0

0

23

CATEGORY

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

66

66

64

61

140

0

0

0

0

0

0

0

69

93%

95%

98%

56%

103%

99%

0%

0%

0%

0%

0%

0%

89%

3

4

2

3

8

0

0

0

0

0

0

0

3

Source: FMLS Source: FMLS

46

AVG/ TOTALS

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 53 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Area 53 decreased 40.0% on a month-over-month basis from 5 in March 2020 to 3 in April 2020. The number of new condo listings in FMLS Area 53 increased 100.0% on a monthover-month basis from 1 in March 2020 to 2 in April 2020. The number of condo sales in FMLS Area 53 decreased 50.0% on a month-over-month basis from 2 in March 2020 to 3 in April 2020. The months of inventory for condos in FMLS Area 53 increased 20.0% on a month-over-month basis from 2.5 months in March 2020 to 3.0 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

-40.0% NUMBER OF NEW LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-50.0% +309.3% +8.2%

+100.0% +20.0% +309.3% +88.8%

Source: FMLS

47

Townhomes

April 2020

FMLS AREA 53 SU MMARY OF TO WNHOMES MAR KET ACT IVIT Y The number of active townhome listings in FMLS Area 53 increased 70.0% on a month-over-month basis from 10 in March 2020 to 17 in April 2020. The number of new townhome listings in FMLS Area 53 increased 266.7% on a month-over-month basis from 3 in March 2020 to 11 in April 2020. The number of townhome sales in FMLS Area 53 decreased 100.0% on a month-over-month basis from 2 in March 2020 to 0 in April 2020. The months of inventory for townhomes in FMLS Area 53 decreased 60.0% on a month-over-month basis from 5 months in March 2020 to 0 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

+70.0% -100.0%

+266.7% -60.0% *- no sales were recorded during the specified time period

Source: FMLS

48

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

*

*

*

*

Single-family

April 2020

FMLS AREA 53 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Area 53 increased 10.8% on a month-over-month basis from 83 in March 2020 to 92 in April 2020. The number of new single-family listings in FMLS Area 53 decreased 9.8% on a month-over-month basis from 41 in March 2020 to 37 in April 2020. The number of single-family sales in FMLS Area 53 decreased 16.7% on a month-over-month basis from 24 in March 2020 to 20 in April 2020. The months of inventory for single-family in FMLS Area 53 increased 33.0% on a month-over-month basis from 3.5 months in March 2020 to 4.6 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

+10.8% -16.7% +26.8%

-9.8%

+33.0%

+9.7%

SALES PRICE TO LIST PRICE RATIO

+1.4% MEDIAN CUMULATIVE DAYS ON MARKET

-73.5%

Source: FMLS

49

FMLS

AREA 31

51

FMLS Area 21 Overview

April 2020

FMLS AREA 31

132 51

SUMMARY OF MARKET ACTIVITY

400

71

21

285

85

75 285 85

22

First Multiple Listing Service (FMLS) Area 31 includes the southwestern portion of Atlanta. It includes Sylvan Hills, Cascade Road, East Point, and several other neighborhoods. FMLS Area 31 is in South Fulton County and is bordered by Douglas, Carroll, and Coweta counties.

52

23 24

20

20

32

31

53

75

285

85

ATTA C H E D H OME S The following table shows activity for attached homes (condos and townhomes) in FMLS Area 31 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

41

26

5

4

0

0

0

0

0

0

0

0

76

ANNUAL CLOSINGS

161

35

4

0

1

1

0

0

0

0

0

0

202

MONTHLY CLOSINGS

13

3

0

0

0

0

0

0

0

0

0

0

17

AVERAGE CDOM

44

63

16

0

4

174

0

0

0

0

0

0

51

72%

98%

47%

0%

50%

92%

0%

0%

0%

0%

0%

0%

76%

3

9

15

*

0

0

0

0

0

0

0

0

5

CATEGORY

SP/OLP MONTHS OF INVENTORY

Source: FMLS * - no sales were recorded in this price segment during the specified time period

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 31 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

ACTIVE LISTINGS

232

ANNUAL CLOSINGS

990

MONTHLY CLOSINGS

83

CATEGORY

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

180

99

42

11

4

1

0

0

0

0

0

569

624

252

46

6

5

2

2

0

0

0

0

1927

52

21

4

1

0

0

0

0

0

0

0

161

60

62

60

44

9

205

34

122

0

0

0

0

60

91%

94%

92%

98%

99%

100%

95%

96%

0%

0%

0%

0%

92%

3

3

5

11

22

10

6

0

0

0

0

0

4

Source: FMLS Source: FMLS

52

AVG/ TOTALS

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 31 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Area 31 decreased 5.0% on a month-over-month basis from 20 in March 2020 to 19 in April 2020. The number of new condo listings in FMLS Area 31 decreased 83.3% on a monthover-month basis from 12 in March 2020 to 2 in April 2020. The number of condo sales in FMLS Area 31 increased 25.0% on a month-over-month basis from 4 in March 2020 to 5 in April 2020. The months of inventory for condos in FMLS Area 31 decreased 24.0% on a month-over-month basis from 5.0 months in March 2020 to 3.8 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

-5.0% NUMBER OF NEW LISTINGS

-83.3%

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

MONTHS OF INVENTORY

AVERAGE SALE PRICE

+25.0% +48.0%

-24.0%

-37.6%

SALES PRICE TO LIST PRICE RATIO

+5.1% MEDIAN CUMULATIVE DAYS ON MARKET

-57.3%

Source: FMLS

53

Townhomes

April 2020

FMLS AREA 31 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Area 31 decreased 12.5% on a month-over-month basis from 72 in March 2020 to 63 in April 2020. The number of new townhome listings in FMLS Area 31 decreased 64.9% on a month-over-month basis from 37 in March 2020 to 13 in April 2020. The number of townhome sales in FMLS Area 31 decreased 33.3% on a month-over-month basis from 9 in March 2020 to 6 in April 2020. The months of inventory for townhomes in FMLS Area 31 increased 31.3% on a month-over-month basis from 8.0 months in March 2020 to 10.0 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

SALES PRICE TO LIST PRICE RATIO

MEDIAN CUMULATIVE DAYS ON MARKET

-12.5%

-33.3%

+7.3%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

-64.9%

+31.3%

Source: FMLS

54

MEDIAN SALE PRICE

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

-15.8%

-0.1%

-44.4%

Single-Family

April 2020

FMLS AREA 31 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Area 31 increased 13.7% on a month-over-month basis from 593 in March 2020 to 674 in April 2020. The number of new single-family listings in FMLS Area 31 decreased 4.1% on a month-over-month basis from 270 in March 2020 to 259 in April 2020. The number of single-family sales in FMLS Area 31 decreased 20.9% on a month-over-month basis from 129 in March 2020 to 102 in April 2020. The months of inventory for townhomes in FMLS Area 31 increased 43.7% on a month-over-month basis from 4.6 months in March 2020 to 6.6 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

+13.7% -20.9%

-4.1%

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+3.6%

+0.0%

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

+43.7% +10.3% -50.0%

Source: FMLS

55

FMLS

AREA 32

57

FMLS Area 21 Overview

April 2020

FMLS AREA 32

132 51

SUMMARY OF MARKET ACTIVITY

400

71

21

285

85

75 285 85

22

First Multiple Listing Service (FMLS) Area 32 is situated in southern Atlanta, to the west of I-75, within Fulton County. It includes Glenrose Heights, Orchard Knob, Rosedale Heights, and several other neighborhoods. FMLS Area 32 is bordered by Clayton and Dekalb counties.

52

23 24

20

20

32

31

53

75

285

85

ATTA C H E D H OME S The following table shows activity for attached homes (condos and townhomes) in FMLS Area 32 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

75

38

27

25

15

11

6

1

0

1

1

0

200

ANNUAL CLOSINGS

270

138

124

103

56

27

14

3

2

0

0

0

737

MONTHLY CLOSINGS

23

12

10

9

5

2

1

0

0

0

0

0

61

AVERAGE CDOM

51

57

53

43

34

68

79

103

27

0

0

0

51

90%

96%

90%

99%

98%

98%

97%

102%

98%

0%

0%

0%

93%

3

3

3

3

3

5

5

4

0

0

0

0

3

CATEGORY

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 32 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

ACTIVE LISTINGS

12

25

16

ANNUAL CLOSINGS

50

79

66

MONTHLY CLOSINGS

4

7

6

CATEGORY

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

11

7

1

1

0

0

0

0

0

73

43

14

6

0

0

0

0

0

0

258

4

1

1

0

0

0

0

0

0

22

38

44

62

96

120

62

0

0

0

0

0

0

64

93%

99%

98%

99%

100%

97%

0%

0%

0%

0%

0%

0%

97%

3

4

3

3

6

2

0

0

0

0

0

0

3

Source: FMLS Source: FMLS

58

AVG/ TOTALS

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 32 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Area 32 decreased 2.9% on a month-over-month basis from 35 in March 2020 to 34 in April 2020. The number of new condo listings in FMLS Area 32 increased 12.5% on a monthover-month basis from 8 in March 2020 to 9 in April 2020. The number of condo sales in FMLS Area 32 increased 166.7% on a month-over-month basis from 3 in March 2020 to 8 in April 2020. The months of inventory for condos in FMLS Area 32 decreased 63.6% on a month-over-month basis from 11.7 months in March 2020 to 4.3 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

-2.9% NUMBER OF NEW LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

MONTHS OF INVENTORY

AVERAGE SALE PRICE

+166.7% +64.5%

+12.5% -63.6%

+0.1%

SALES PRICE TO LIST PRICE RATIO

+1.9% MEDIAN CUMULATIVE DAYS ON MARKET

+2550%

Source: FMLS

59

Townhomes

April 2020

FMLS AREA 32 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Area 32 increased 0.0% on a month-over-month basis from 509 in March 2020 to 50 in April 2020. The number of new townhome listings in FMLS Area 32 increased 38.1% on a month-over-month basis from 21 in March 2020 to 29 in April 2020. The number of townhome sales in FMLS Area 32 decreased 87.7% on a month-over-month basis from 73 in March 2020 to 9 in April 2020. The months of inventory for townhomes in FMLS Area 32 increased 711.1% on a month-over-month basis from 0.7 months in March 2020 to 5.6 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

SALES PRICE TO LIST PRICE RATIO

+0.0%

-87.7%

-15.6%

+1.0%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

+38.1% +711.1%

Source: FMLS

60

MEDIAN SALE PRICE

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

-2.4%

-16.4%

Single-family

April 2020

FMLS AREA 32 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Area 32 increased 13.0% on a month-over-month basis from 207 in March 2020 to 234 in April 2020. The number of new single-family listings in FMLS Area 32 decreased 11.7% on a month-over-month basis from 111 in March 2020 to 98 in April 2020. The number of single-family sales in FMLS Area 32 decreased 1.8% on a month-over-month basis from 55 in March 2020 to 44 in April 2020. The months of inventory for single-family in FMLS Area 32 increased 15.1% on a month-over-month basis from 3.8 months in March 2020 to 4.3 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+13.0%

-1.8%

-16.1%

-2.1%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-11.7%

+15.1%

-8.1%

-27.6%

Source: FMLS

61

FMLS

AREA 71

63

FMLS Area 21 Overview

April 2020

FMLS AREA 71

132 51

SUMMARY OF MARKET ACTIVITY

400

71

21

285

85

75 285 85

22

First Multiple Listing Service (FMLS) Area 71 includes the easternmost portion of Cobb County that falls within I-285. It includes Cumberland, Vinings and several other neighborhoods.

FMLS Area 71 is bound by I-285 to the west, the Chattahoochee River to the east, north and south.

52

23 24

20

20

32

31

53

75

285

85

ATTA C H E D H OME S The following table shows activity for attached homes (condos and townhomes) in FMLS Area 71 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

10

15

10

10

9

3

2

0

0

6

0

0

65

ANNUAL CLOSINGS

82

112

130

19

11

7

5

2

4

12

0

0

384

MONTHLY CLOSINGS

7

9

11

2

1

1

0

0

0

1

0

0

32

AVERAGE CDOM

44

42

52

77

85

66

60

251

136

100

0

0

53

97%

98%

97%

101%

97%

96%

98%

97%

95%

96%

0%

0%

97%

1

2

1

6

10

5

5

0

0

6

0

0

2

CATEGORY

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 71 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

ACTIVE LISTINGS

4

10

3

2

4

2

ANNUAL CLOSINGS

69

88

51

15

11

10

MONTHLY CLOSINGS

6

7

4

1

1

1

1

CATEGORY

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$300K $399K

$400K - $499K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

5

6

3

11

4

0

54

11

10

4

20

1

0

290

1

0

2

0

0

24

16

54

69

43

73

55

160

90

63

104

364

0

59

93%

96%

99%

96%

96%

94%

88%

90%

88%

94%

81%

0%

95%

1

1

1

2

4

2

5

7

9

7

48

0

2

Source: FMLS Source: FMLS

64

$500K $599K

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 71 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Area 71 increased 6.7% on a month-over-month basis from 30 in March 2020 to 32 in April 2020. The number of new condo listings in FMLS Area 71 decreased 5.9% on a month-overmonth basis from 17 in March 2020 to 16 in April 2020. The number of condo sales in FMLS Area 71 increased 6.7% on a month-over-month basis from 15 in March 2020 to 16 in April 2020. The months of inventory for condos in FMLS Area 71 increased 0.0%% on a month-over-month basis from 2.0 months in March 2020 to 2.0 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+6.7%

+6.7%

-2.4%

+0.1%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-5.9%

+0.0%

-8.6%

+13.3%

Source: FMLS

65

Townhomes

April 2020

FMLS AREA 71 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Area 71 decreased 13.3% on a month-over-month basis from 45 in March 2020 to 39 in April 2020. The number of new townhome listings in FMLS Area 71 decreased 70.0% on a month-over-month basis from 30 in March 2020 to 9 in April 2020. The number of townhome sales in FMLS Area 71 decreased 5.3% on a month-over-month basis from 19 in March 2020 to 18 in April 2020. The months of inventory for townhome in FMLS Area 71 decreased 8.5% on a month-over-month basis from 2.4 months in March 2020 to 2.2 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

SALES PRICE TO LIST PRICE RATIO

-13.3%

-5.3%

+0.0%

+0.5%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-70.0%

-8.5%

Source: FMLS

66

MEDIAN SALE PRICE

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

-1.7%

+41.2%

Single-Family

April 2020

FMLS AREA 71 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Area 71 increased 7.0% on a month-over-month basis from 71 in March 2020 to 76 in April 2020. The number of new single-family listings in FMLS Area 71 decreased 30.0% on a month-over-month basis from 40 in March 2020 to 28 in April 2020. The number of single-family sales in FMLS Area 71 decreased 69.2% on a month-over-month basis from 26 in March 2020 to 8 in April 2020. The months of inventory for single-family in FMLS Area 71 increased 247.9% on a month-over-month basis from 2.7 months in March 2020 to 9.5 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+7.0%

-69.2%

-29.4%

-1.8%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-30.0% +247.9% -46.9% -70.6%

Source: FMLS

67

FMLS

AREA 132

69

FMLS Area 21 Overview

April 2020

FMLS AREA 132 SUMMARY OF MARKET ACTIVITY

132 51 400

71

21

285

85

75 285 85

22

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.

52

23 24

20

20

32

31

53

75

285

85

ATTA C H E D H OME S The following table shows activity for attached homes (condos and townhomes) in FMLS Area 132 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

8

10

5

9

11

2

1

0

0

2

0

0

48

ANNUAL CLOSINGS

33

41

31

41

29

10

0

1

4

5

0

0

195

MONTHLY CLOSINGS

3

3

3

3

2

1

0

0

0

0

0

0

16

AVERAGE CDOM

48

54

39

73

126

65

0

214

198

101

0

0

69

93%

96%

81%

96%

96%

100%

0%

89%

94%

98%

0%

0%

93%

3

3

2

3

5

2

0

0

0

5

0

0

3

CATEGORY

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 132 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

ACTIVE LISTINGS

0

0

ANNUAL CLOSINGS

0

0

MONTHLY CLOSINGS

0

0

CATEGORY

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$400K - $499K

$500K $599K

$600K $699K

0

2

13

12

4

25

39

40

0

2

3

3

4

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

8

5

11

45

32

3

131

50

11

13

81

23

0

286

1

1

7

2

0

24

0

0

94

92

95

77

121

133

80

123

138

0

108

0%

0%

83%

89%

95%

96%

94%

96%

95%

93%

94%

0%

94%

0

0

0

1

4

4

2

5

10

7

17

0

5

Source: FMLS Source: FMLS

70

$700K $799K

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 132 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Area 132 decreased 11.1% on a month-over-month basis from 27 in March 2020 to 42 in April 2020. The number of new condo listings in FMLS Area 132 decreased 46.2% on a monthover-month basis from 13 in March 2020 to 7 in April 2020. The number of condo sales in FMLS Area 132 decreased 50.0% on a month-over-month basis from 10 in March 2020 to 5 in April 2020. The months of inventory for condos in FMLS Area 132 increased 77.0% on a month-over-month basis from 2.7 months in March 2020 to 4.8 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

-11.1%

-50.0%

-9.3%

-1.6%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-46.2% +77.8% -17.7%

-45.2%

Source: FMLS

71

Townhomes

April 2020

FMLS AREA 132 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Area 132 increased 17.9% on a month-over-month basis from 28 in March 2020 to 33 in April 2020. The number of new townhome listings in FMLS Area 132 decreased 20.0% on a month-over-month basis from 10 in March 2020 to 8 in April 2020. The number of townhome sales in FMLS Area 132 decreased 33.3% on a month-over-month basis from 9 in March 2020 to 6 in April 2020. The months of inventory for townhome in FMLS Area 132 increased 76.8% on a month-over-month basis from 3.1 months in March 2020 to 5.5 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

+17.9% -33.3%

-20.0% +76.8%

Source: FMLS

72

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

-13.8%

+0.2%

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-8.8%

-63.5%

Single-Family

April 2020

FMLS AREA 132 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Area 132 increased 3.3% on a month-over-month basis from 150 in March 2020 to 155 in April 2020. The number of new single-family listings in FMLS Area 132 decreased 30.4% on a month-over-month basis from 46 in March 2020 to 32 in April 2020. The number of single-family sales in FMLS Area 132 decreased 26.9% on a month-over-month basis from 26 in March 2020 to 19 in April 2020. The months of inventory for single-family in FMLS Area 132 increased 41.4% on a month-over-month basis from 5.8 months in March 2020 to 8.2 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+3.3%

-26.9%

+5.2%

+1.2%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-30.4% +41.4% -13.7%

+6.3%

Source: FMLS

73

FMLS

AREA 131

75

FMLS Area 21 Overview

April 2020

FMLS AREA 131 SUMMARY OF MARKET ACTIVITY

13

14

81 82

84

First Multiple Listing Service (FMLS) Area 131 includes the northernmost portion of Sandy Springs. It includes North Springs, Perimeter Center, and several other neighborhoods. FMLS Area 131 is defined as being within Sandy Springs, but north of I-285.

121

131

132 51 400

71

21

285

85

75 285 85

22

ATTA C H E D H OME S

52

23 24

20

The following table shows activity for attached homes (condos and townhomes) in FMLS Area 131 from March, 1 2020 thru April, 30 2020.

32

31

$0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

ACTIVE LISTINGS

55

23

11

18

8

7

2

4

ANNUAL CLOSINGS

334

133

90

56

28

13

10

MONTHLY CLOSINGS

28

11

8

5

2

1

1

AVERAGE CDOM

26

44

62

83

138

134

97%

92%

96%

96%

94%

2

2

1

4

3

CATEGORY

SP/OLP MONTHS OF INVENTORY

20

53

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

3

4

0

0

135

1

1

2

0

0

668

0

0

0

0

0

56

49

31

164

162

0

0

50

96%

97%

92%

98%

94%

0%

0%

95%

6

2

48

36

24

0

0

2

285

85

75

Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 131 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

ACTIVE LISTINGS

0

ANNUAL CLOSINGS

1

MONTHLY CLOSINGS

0

CATEGORY

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

0

2

13

22

27

13

1

32

93

92

53

31

0

3

8

8

4

3

2

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

4

9

36

5

0

131

25

16

52

2

0

398

1

4

0

0

33

0

1

74

60

55

95

64

67

74

86

216

0

71

37%

50%

91%

94%

97%

94%

95%

96%

95%

97%

79%

0%

95%

0

0

1

2

3

6

5

2

7

8

30

0

4

Source: FMLS Source: FMLS

76

$800K $899K

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 131 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Areas 131 increased 12.8% on a month-over-month basis from 78 in March 2020 to 88 in April 2020. The number of new condo listings in FMLS Areas 131 increased 15.8% on a monthover-month basis from 38 in March 2020 to 44 in April 2020. The number of condo sales in FMLS Areas 131 decreased 53.3% on a month-over-month basis from 30 in March 2020 to 14 in April 2020. The months of inventory for condos in FMLS Areas 131 increased 141.8% on a month-over-month basis from 2.6 months in March 2020 to 6.3 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

+12.8% -53.3%

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

-1.4%

-0.3%

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

+15.8% +141.8% +2.7%

-45.8%

Source: FMLS

77

Townhomes

April 2020

FMLS AREA 131 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Areas 131 decreased 7.6% on a month-over-month basis from 66 in March 2020 to 61 in April 2020. The number of new townhome listings in FMLS Areas 131 decreased 48.3% on a month-over-month basis from 29 in March 2020 to 15 in April 2020. The number of townhome sales in FMLS Areas 131 decreased 22.7% on a month-over-month basis from 22 in March 2020 to 17 in April 2020. The months of inventory for townhomes in FMLS Areas 131 increased 19.6% on a month-over-month basis from 3.0 months in March 2020 to 3.6 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

SALES PRICE TO LIST PRICE RATIO

-7.6%

-22.7%

-32.5%

+0.0%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-48.3% +19.6%

Source: FMLS

78

MEDIAN SALE PRICE

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

-9.3%

+58.6%

Single-family

April 2020

FMLS AREA 131 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Areas 131 increased 9.5% on a month-over-month basis from 137 in March 2020 to 150 in April 2020. The number of new single-family listings in FMLS Areas 131 decreased 7.3% on a month-over-month basis from 55 in March 2020 to 51 in April 2020. The number of single-family sales in FMLS Areas 131 decreased 22.2% on a month-over-month basis from 36 in March 2020 to 28 in April 2020. The months of inventory for single-family in FMLS Areas 131 increased 40.8% on a month-over-month basis from 3.8 months in March 2020 to 5.4 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

+9.5% NUMBER OF NEW LISTINGS

-7.3%

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

MONTHS OF INVENTORY

AVERAGE SALE PRICE

-22.2% +14.2%

+40.8% +10.9%

SALES PRICE TO LIST PRICE RATIO

-0.1% MEDIAN CUMULATIVE DAYS ON MARKET

-21.4%

Source: FMLS

79

FMLS

AREA 121

81

FMLS Area 21 Overview

April 2020

FMLS AREA 121

13

SUMMARY OF MARKET ACTIVITY

14

81 82

First Multiple Listing Service (FMLS) Area 121 includes the city of Dunwoody. It includes Dunwoody Country Club, Withmere, Wynterhall, and several other neighborhoods. FMLS Area 121 is bordered on the west by Ga-400, the north by Holcomb Bridge Road, the east by Cheshire Bridge Rd., and the south by I-285.

84

121

131

132 51 400

71

21

285

85

75 285 85

ATTA C H E D H OME S

22

52

23 24

20

The following table shows activity for attached homes (condos and townhomes) in FMLS Area 121 from March, 1 2020 thru April, 30 2020. $200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

ACTIVE LISTINGS

16

15

17

11

10

0

0

0 285

0

ANNUAL CLOSINGS

54

120

50

57

33

0

2

0

MONTHLY CLOSINGS

5

10

4

5

3

0

0

0

AVERAGE CDOM

27

54

69

141

57

0

143

65%

97%

85%

95%

97%

0%

4

2

4

2

4

*

CATEGORY

SP/OLP MONTHS OF INVENTORY

$800K $899K

31 $900K $999K

$0 $199K

$1M $2M

32

20

$2M -53 > $5M $5M

AVG/ TOTALS

75

0

0

0

69

0

0

0

0

316

0

0

0

0

26

0

0

0

0

0

71

102%

0%

0%

0%

0%

0%

89%

0

0

0

0

0

0

3

85

Source: FMLS * - no sales were recorded in this price segment during the specified time period

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 121 from March, 1 2020 thru April, 30 2020.

CATEGORY

$0 $199K

$200K $299K

$300K $399K

$400K - $499K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

0

1

8

39

36

18

22

6

6

22

3

0

161

ANNUAL CLOSINGS

3

16

89

166

155

75

42

12

5

22

0

0

585

MONTHLY CLOSINGS

0

1

7

14

13

6

4

1

0

2

0

0

49

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

26

42

55

63

63

62

40

96

115

127

0

0

63

58%

88%

93%

97%

96%

96%

98%

90%

97%

93%

0%

0%

95%

0

1

1

3

3

3

6

6

14

12

0

0

3

Source: FMLS Source: FMLS

82

$500K $599K

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 121 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Areas 121 increased 19.5% on a month-over-month basis from 41 in March 2020 to 49 in April 2020. The number of new condo listings in FMLS Areas 121 increased 5.6% on a monthover-month basis from 18 in March 2020 to 19 in April 2020. The number of condo sales in FMLS Areas 121 decreased 11.8% on a month-over-month basis from 17 in March 2020 to 15 in April 2020. The months of inventory for condos in FMLS Areas 121 increased 35.4% on a month-over-month basis from 2.4 months in March 2020 to 3.3 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

+19.5% -11.8%

+5.6%

+35.4%

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+0.0%

+0.8%

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

+5.0%

-78.7%

Source: FMLS

83

Townhomes

April 2020

FMLS AREA 121 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Areas 121 decreased 22.2% on a month-over-month basis from 36 in March 2020 to 28 in April 2020. The number of new townhome listings in FMLS Areas 121 decreased 85.7% on a month-over-month basis from 14 in March 2020 to 2 in April 2020. The number of townhome sales in FMLS Areas 121 decreased 50.0% on a month-over-month basis from 18 in March 2020 to 9 in April 2020. The months of inventory for townhomes in FMLS Areas 121 increased 55.6% on a month-over-month basis from 2.0 months in March 2020 to 3.1 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

SALES PRICE TO LIST PRICE RATIO

-22.2%

-50.0%

-0.3%

-2.5%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-85.7% +55.6%

Source: FMLS

84

MEDIAN SALE PRICE

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

-3.2%

-55.6%

Single-family

April 2020

FMLS AREA 121 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Areas 121 increased 7.3% on a month-over-month basis from 177 in March 2020 to 190 in April 2020. The number of new single-family listings in FMLS Areas 121 decreased 23.0% on a month-over-month basis from 87 in March 2020 to 67 in April 2020. The number of single-family sales in FMLS Areas 121 increased 7.0% on a month-over-month basis from 43 in March 2020 to 46 in April 2020. The months of inventory for single-family in FMLS Areas 121 increased 0.3% on a month-over-month basis from 4.1 months in March 2020 to 4.1 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+7.3%

+7.0%

-0.5%

-0.1%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-23.0%

+0.3%

+3.1%

+88.9%

Source: FMLS

85

FMLS

AREA 61-62

87

FMLS Area 21 Overview

April 2020

FMLS AREA 61-62 SUMMARY OF MARKET ACTIVITY

13

62

14

81 82

First Multiple Listing Service (FMLS) Area 61-62 encompasses Norcross, Duluth, Buford, and Suwanee. It includes Riverbrooke, The Village at Albion Farms, Berkley Lake, and several other neighborhoods. FMLS Areas 61 and 62 are defined as the borders of Norcross, Duluth, Buford, and Suwanee

84

61

121

131

132 51 400

71

21

285

85

75 285 85

22

52

23 24

20

ATTA C H E D H OME S

20

32

31

53

The following table shows activity for attached homes (condos and townhomes) in FMLS Area 61-62 from March, 1 2020 thru April, 30 2020.

285

75

85

$0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

24

138

250

171

90

44

30

20

19

55

19

0

860

ANNUAL CLOSINGS

243

1423

1214

547

221

88

50

22

26

66

5

0

3905

MONTHLY CLOSINGS

20

119

101

46

18

7

4

2

2

6

0

0

325

AVERAGE CDOM

29

33

62

74

99

89

140

98

145

157

158

0

56

92%

96%

97%

97%

96%

95%

95%

97%

91%

91%

93%

0%

96%

1

1

2

4

5

6

7

11

9

10

46

0

3

CATEGORY

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 61-62 from March, 1 2020 thru April, 30 2020.

CATEGORY

$0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

27

56

79

30

2

0

0

0

0

0

0

0

194

ANNUAL CLOSINGS

345

349

227

35

4

0

0

0

0

0

0

0

960

MONTHLY CLOSINGS

29

29

19

3

0

0

0

0

0

0

0

0

80

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

57

33

75

41

337

0

0

0

0

0

0

0

45

90%

98%

99%

100%

99%

0%

0%

0%

0%

0%

0%

0%

95%

1

2

4

10

6

0

0

0

0

0

0

0

2

Source: FMLS Source: FMLS

88

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 61-62 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Areas 61-62 increased 36.8% on a month-over-month basis from 19 in March 2020 to 26 in April 2020. The number of new condo listings in FMLS Areas 61-62 increased 13.3% on a month-over-month basis from 15 in March 2020 to 17 in April 2020. The number of condo sales in FMLS Areas 61-62 increased 0.0% on a month-over-month basis from 13 in March 2020 to 13 in April 2020. The months of inventory for condos in FMLS Areas 61-62 increased 36.8% on a month-over-month basis from 1.5 months in March 2020 to 2.0 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+36.8%

+0.0%

+20.3%

-2.3%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

+13.3% +36.8% +40.0% +220.0%

Source: FMLS

89

Townhomes

April 2020

FMLS AREA 61-62 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Areas 61-62 increased 4.5% on a month-over-month basis from 176 in March 2020 to 184 in April 2020. The number of new townhome listings in FMLS Areas 61-62 decreased 23.1% on a month-over-month basis from 104 in March 2020 to 80 in April 2020. The number of townhome sales in FMLS Areas 61-62 decreased 14.9% on a month-over-month basis from 67 in March 2020 to 57 in April 2020. The months of inventory for townhomes in FMLS Areas 61-62 increased 22.9% on a month-over-month basis from 2.6 months in March 2020 to 3.2 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

SALES PRICE TO LIST PRICE RATIO

+4.5%

-14.9%

+7.5%

+0.0%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-23.7% +22.9%

Source: FMLS

90

MEDIAN SALE PRICE

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

+0.3%

-56.0%

Single-family

April 2020

FMLS AREA 61-62 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Areas 61-62 increased 16.4% on a month-over-month basis from 908 in March 2020 to 1057 in April 2020. The number of new single-family listings in FMLS Areas 61-62 decreased 9.9% on a month-over-month basis from 484 in March 2020 to 436 in April 2020. The number of single-family sales in FMLS Areas 61-62 decreased 25.0% on a month-over-month basis from 336 in March 2020 to 252 in April 2020.

The months of inventory for single-family in FMLS Areas 61-62 increased 55.2% on a month-over-month basis from 2.7 months in March 2020 to 4.2 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

+16.4% -25.0%

-9.9%

+55.2%

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

-0.3%

+0.3%

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

+3.8%

-42.3%

Source: FMLS

91

FMLS

AREA 72-75

93

FMLS Area 21 Overview

April 2020

FMLS AREA 72-75 SUMMARY OF MARKET ACTIVITY

75

81 82 74 84

First Multiple Listing Service (FMLS) Area 72-75 includes the eastern region of Cobb County, the areas surrounding Marietta, Kennesaw, and Acworth. It includes Dobbins Air Force Base, Peach Arbor, Cumberland Ridge, and many other neighborhoods.

FMLS Areas 72-75 are bound within Cobb county and to the west of I-75.

73

132 51 400

71 72

21

285

85

75 285 85

22

52

23 24

20

ATTA C H E D H OME S

285

20

32

31

53

75 85

The following table shows activity for attached homes (condos and townhomes) in FMLS Area 72-75 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

27

56

79

30

2

0

0

0

0

0

0

0

194

ANNUAL CLOSINGS

1220

2479

1486

791

363

146

57

31

18

33

1

1

6626

MONTHLY CLOSINGS

102

207

124

66

30

12

5

3

2

3

0

0

552

AVERAGE CDOM

28

36

54

70

80

120

83

67

92

157

703

234

47

95%

97%

98%

98%

87%

98%

97%

95%

96%

90%

78%

97%

96%

0

0

1

0

0

0

9

10

5

13

0

0

2

CATEGORY ACTIVE LISTINGS

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 72-75 from March, 1 2020 thru April, 30 2020.

CATEGORY

$0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

ACTIVE LISTINGS

57

82

86

49

12

7

0

0

0

0

0

0

293

ANNUAL CLOSINGS

711

662

299

87

26

6

1

0

0

0

0

0

1792

MONTHLY CLOSINGS

59

55

25

7

2

1

0

0

0

0

0

0

149

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

31

54

74

109

213

63

66

0

0

0

0

0

48

96%

97%

99%

98%

100%

96%

93%

0%

0%

0%

0%

0%

97%

1

1

3

7

6

14

0

0

0

0

0

0

2

Source: FMLS Source: FMLS

94

AVG/ TOTALS

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 72-75 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Areas 72-75 increased 18.5% on a month-over-month basis from 54 in March 2020 to 64 in April 2020. The number of new condo listings in FMLS Areas 72-75 decreased 36.0% on a month-over-month basis from 50 in March 2020 to 32 in April 2020. The number of condo sales in FMLS Areas 72-75 decreased 44.7% on a month-over-month basis from 47 in March 2020 to 26 in April 2020. The months of inventory for condos in FMLS Areas 72-75 increased 114.2% on a month-over-month basis from 1.1 months in March 2020 to 2.5 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

+18.5% -44.7%

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

-1.0%

+0.5%

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-36.0% +114.2% -10.3%

-85.7%

Source: FMLS

95

Townhomes

April 2020

FMLS AREA 72-75 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Areas 72-75 increased 2.2% on a month-over-month basis from 275 in March 2020 to 281 in April 2020. The number of new townhome listings in FMLS Areas 72-75 decreased 21.7% on a month-over-month basis from 166 in March 2020 to 130 in April 2020. The number of townhome sales in FMLS Areas 72-75 decreased 12.0% on a month-over-month basis from 92 in March 2020 to 81 in April 2020. The months of inventory for townhomes in FMLS Areas 72-75 increased 16.1% on a month-over-month basis from 3.0 months in March 2020 to 3.5 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

SALES PRICE TO LIST PRICE RATIO

+2.2%

-12.0%

-8.4%

+1.2%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-21.7% +16.1%

Source: FMLS

96

MEDIAN SALE PRICE

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

-2.7%

-57.7%

Single-family

April 2020

FMLS AREA 72-75 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Areas 72-75 increased 14.8% on a month-over-month basis from 1235 in March 2020 to 1418 in April 2020. The number of new single-family listings in FMLS Areas 72-75 decreased 1.6% on a month-over-month basis from 748 in March 2020 to 736 in April 2020. The number of single-family sales in FMLS Areas 72-75 decreased 8.3% on a month-over-month basis from 515 in March 2020 to 472 in April 2020.

The months of inventory for single-family in FMLS Areas 72-75 increased 25.3% on a month-over-month basis from 2.4 months in March 2020 to 3.0 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+14.8%

-8.3%

+1.7%

+0.1%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-1.6%

+25.3%

+4.4%

-40.0%

Source: FMLS

97

FMLS

AREA 81-83

99

FMLS Area 21 Overview

April 2020

FMLS AREA 81-83 SUMMARY OF MARKET ACTIVITY

81 82 74 83

First Multiple Listing Service (FMLS) Area 81-83 includes the area commonly referred to as East Cobb County. It includes White Oaks Landing, Downing Street, Brentwood Park, and many other neighborhoods. FMLS Areas 81-83 are defined as being within Cobb county, but to the east of I-75.

73

132 51 400

71 72

21

285

85

75 285 85

22

23 24

20

ATTA C H E D H OME S

52

20

32

31

53

The following table shows activity for attached homes (condos and townhomes) in FMLS Area 81-83 from March, 1 2020 thru April, 30 2020.

75

285

85

$0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

24

18

13

11

12

10

2

3

2

0

0

0

95

ANNUAL CLOSINGS

276

113

64

32

10

7

5

2

1

0

0

0

510

MONTHLY CLOSINGS

23

9

5

3

1

1

0

0

0

0

0

0

43

AVERAGE CDOM

32

37

89

96

74

79

167

70

39

0

0

0

47

90%

97%

97%

98%

95%

100%

99%

100%

100%

0%

0%

0%

93%

1

2

2

4

14

17

5

18

24

0

0

0

2

CATEGORY

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 81-83 from March, 1 2020 thru April, 30 2020.

CATEGORY ACTIVE LISTINGS

$0 $199K

$200K $299K

$300K $399K

$400K - $499K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

7

76

125

114

84

60

32

37

16

76

9

1

637

ANNUAL CLOSINGS

136

829

827

475

248

159

116

65

35

67

4

0

2961

MONTHLY CLOSINGS

11

69

69

40

21

13

10

5

3

6

0

0

247

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

17

43

48

58

70

78

83

106

182

190

54

0

56

95%

95%

96%

90%

97%

97%

95%

97%

95%

90%

99%

0%

95%

1

1

2

3

4

5

3

7

5

14

27

0

3

Source: FMLS Source: FMLS

100

$500K $599K

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

Condominiums

April 2020

FMLS AREA 81-83 SU MMARY OF C O ND OMINIUM MARKET ACT IVIT Y The number of active condo listings in FMLS Areas 81-83 decreased 12.3% on a month-over-month basis from 57 in March 2020 to 50 in April 2020. The number of new condo listings in FMLS Areas 81-83 decreased 37.0% on a month-over-month basis from 27 in March 2020 to 17 in April 2020. The number of condo sales in FMLS Areas 81-83 decreased 54.5% on a month-over-month basis from 22 in March 2020 to 10 in April 2020. The months of inventory for condos in FMLS Areas 81-83 increased 93.0% on a month-over-month basis from 2.6 months in March 2020 to 5.0 months in April 2020.

M A R K E T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

-12.3%

-54.5%

+5.3%

+1.1%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-37.0% +93.0% +15.5% +10.5%

Source: FMLS

101

Townhomes

April 2020

FMLS AREA 81-83 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Areas 81-83 decreased 1.5% on a month-over-month basis from 65 in March 2020 to 64 in April 2020. The number of new townhome listings in FMLS Areas 81-83 decreased 6.1% on a month-over-month basis from 33 in March 2020 to 31 in April 2020. The number of townhome sales in FMLS Areas 81-83 decreased 25.0% on a month-over-month basis from 24 in March 2020 to 18 in April 2020. The months of inventory for townhomes in FMLS Areas 81-83 increased 31.3% on a month-over-month basis from 2.7 months in March 2020 to 3.6 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

-1.5% NUMBER OF NEW LISTINGS

-6.1%

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

MONTHS OF INVENTORY

AVERAGE SALE PRICE

-25.0% +12.4%

+31.3%

Source: FMLS

102

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

+5.6%

SALES PRICE TO LIST PRICE RATIO

-1.3% MEDIAN CUMULATIVE DAYS ON MARKET

+66.7%

Single-family

April 2020

FMLS AREA 81-83 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Areas 81-83 increased 10.9% on a month-over-month basis from 687 in March 2020 to 762 in April 2020. The number of new single-family listings in FMLS Areas 81-83 decreased 24.4% on a month-over-month basis from 405 in March 2020 to 306 in April 2020. The number of single-family sales in FMLS Areas 81-83 decreased 16.7% on a month-over-month basis from 245 in March 2020 to 204 in April 2020.

The months of inventory for single-family in FMLS Areas 81-83 decreased 33.2% on a month-over-month basis from 2.8 months in March 2020 to 3.7 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+10.9%

-16.7%

+7.7%

+1.6%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-24.4% +33.2%

+2.6%

-55.0%

Source: FMLS

103

FMLS

AREA 13

105

FMLS Area 21 Overview

April 2020

FMLS AREA 13 13

14

81 82

84

121

131

132 51 400

71

21

285

85

75 285 85

22

23 24

20

20

31

285

85

Source: FMLS

106

52

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

32 First Multiple53 Listing Service (FMLS) Area 13 includes the western portion of Alpharetta and Eastern portion of Roswell. It includes White Columns Golf Club, Crabapple Woods, Mountain Park, 75 and several other neighborhoods. FMLS Area 13 is in North Fulton County and is bordered by Cobb, Cherokee, and Forsyth counties.

FMLS AREA 13 SUMMARY OF MARKET ACTIVITY

AT TA C H E D H OME S The following table shows activity for attached homes (condos and townhomes) in FMLS Area 13 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

10

24

44

55

45

24

10

6

2

5

0

0

225

ANNUAL CLOSINGS

117

248

192

124

82

51

12

15

12

16

0

0

869

MONTHLY CLOSINGS

10

21

16

10

7

4

1

1

1

1

0

0

72

AVERAGE CDOM

22

35

61

111

129

137

40

115

111

100

0

0

67

96%

98%

98%

97%

98%

98%

99%

100%

100%

104%

0%

0%

98%

1

1

3

5

7

6

10

5

2

4

0

0

3

CATEGORY

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 13 from March, 1 2020 thru April, 30 2020.

CATEGORY

$0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

1

9

69

53

46

44

51

55

35

92

24

3

482

ANNUAL CLOSINGS

7

129

397

359

276

190

127

84

56

124

14

0

1763

MONTHLY CLOSINGS

1

11

33

30

23

16

11

7

5

10

1

0

147

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

12

35

55

55

63

82

123

129

132

138

111

0

75

92%

96%

96%

96%

97%

96%

96%

97%

96%

96%

91%

0%

96%

2

1

2

2

2

3

5

8

7

9

21

0

3

Source: FMLS

Source: FMLS

107

Townhomes

April 2020

FMLS AREA 13 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Area 13 increased 13.9% on a month-over-month basis from 180 in March 2020 to 205 in April 2020. The number of new townhome listings in FMLS Area 13 decreased 14.3% on a month-over-month basis from 84 in March 2020 to 72 in April 2020. The number of townhome sales in FMLS Area 13 decreased 4.0% on a month-over-month basis from 50 in March 2020 to 48 in April 2020. The months of inventory for townhome in FMLS Area 13 increased 18.6% on a month-over-month basis from 3.6 months in March 2020 to 4.3 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

SALES PRICE TO LIST PRICE RATIO

+13.9%

-4.0%

-0.3%

+0.5%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-14.3% +18.6%

Source: FMLS

108

MEDIAN SALE PRICE

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

-5.2%

-48.1%

Single-Family

April 2020

FMLS AREA 13 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Area 13 increased 20.1% on a month-over-month basis from 547 in March 2020 to 657 in April 2020. The number of new single-family listings in FMLS Area 13 decreased 20.1% on a month-over-month basis from 264 in March 2020 to 211 in April 2020. The number of single-family sales in FMLS Area 13 decreased 14.8% on a month-over-month basis from 149 in March 2020 to 127 in April 2020. The months of inventory for single-family in FMLS Area 13 increased 40.9% on a month-over-month basis from 3.7 months in March 2020 to 5.2 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

+20.1% -14.8% +10.8%

-20.1% +40.9%

+9.1%

SALES PRICE TO LIST PRICE RATIO

+0.8% MEDIAN CUMULATIVE DAYS ON MARKET

-25.0%

Source: FMLS

109

FMLS

AREA 14

111

FMLS Area 21 Overview

April 2020

FMLS AREA 14 13

14

81 82

84

121

131

132 51 400

71

21

285

85

75 285 85

22

23 24

20

20

31

285

85

Source: FMLS

112

52

AT L A N TA M A R K E T I N T E L L I G E N C E | 1 Q 2 0

32 53 First Multiple Listing Service (FMLS) Area 14 includes the southern and eastern portions of Alpharetta. It includes Seven Oaks, 75 Windward, St. Raphael, and several other neighborhoods. FMLS Area 14 is in North Fulton County and is bordered by Forsyth, Gwinnett, and Dekalb counties.

FMLS AREA 14 SUMMARY OF MARKET ACTIVITY

AT TA C H E D H OME S The following table shows activity for attached homes (condos and townhomes) in FMLS Area 14 from March, 1 2020 thru April, 30 2020. $0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

9

7

30

16

3

2

1

0

0

0

0

0

68

ANNUAL CLOSINGS

77

166

100

58

11

2

1

0

0

0

0

0

415

MONTHLY CLOSINGS

6

14

8

5

1

0

0

0

0

0

0

0

35

AVERAGE CDOM

21

39

74

75

155

155

51

0

0

0

0

0

54

65%

93%

97%

97%

95%

98%

106%

0%

0%

0%

0%

0%

89%

1

1

4

3

3

12

12

0

0

0

0

0

2

CATEGORY

SP/OLP MONTHS OF INVENTORY Source: FMLS

DE TA C H E D H OME S The following table shows activity for detached homes (single family) in FMLS Area 14 from March, 1 2020 thru April, 30 2020.

CATEGORY

$0 $199K

$200K $299K

$300K $399K

$400K - $499K

$500K $599K

$600K $699K

$700K $799K

$800K $899K

$900K $999K

$1M $2M

$2M $5M

> $5M

AVG/ TOTALS

ACTIVE LISTINGS

0

11

60

92

73

58

41

26

16

61

12

0

450

ANNUAL CLOSINGS

7

196

568

424

325

212

93

53

27

51

3

1

1960

MONTHLY CLOSINGS

1

16

47

35

27

18

8

4

2

4

0

0

163

AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

8

37

53

60

67

85

97

107

115

159

271

313

67

95%

96%

95%

80%

97%

96%

96%

95%

96%

91%

82%

83%

92%

0

1

1

3

3

3

5

6

7

14

48

0

3

Source: FMLS

Source: FMLS

113

Townhomes

April 2020

FMLS AREA 14 SU MMARY OF TOWNHOME MARKET ACT IVIT Y The number of active townhome listings in FMLS Area 14 increased 20.4% on a month-over-month basis from 54 in March 2020 to 65 in April 2020. The number of new townhome listings in FMLS Area 14 decreased 8.3% on a month-over-month basis from 24 in March 2020 to 22 in April 2020. The number of townhome sales in FMLS Area 14 decreased 18.2% on a month-over-month basis from 22 in March 2020 to 18 in April 2020. The months of inventory for townhome in FMLS Area 14 increased 47.1% on a month-over-month basis from 2.5 months in March 2020 to 3.6 months in April 2020.

M A R KE T AC TIV ITY DASHB OAR D | APR IL 2020 VS MARCH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

+20.4% -18.2% +13.7%

-8.3%

+47.1%

Source: FMLS

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-1.9%

SALES PRICE TO LIST PRICE RATIO

+0.3% MEDIAN CUMULATIVE DAYS ON MARKET

-6.7%

Single-Family

April 2020

FMLS AREA 14 S U MMARY OF SIN GL E - FAMILY D ETACHED MARKET ACT IVIT Y The number of active single-family listings in FMLS Area 14 increased 0.0% on a month-over-month basis from 504 in March 2020 to 504 in April 2020. The number of new single-family listings in FMLS Area 14 decreased 26.1% on a month-over-month basis from 241 in March 2020 to 178 in April 2020. The number of single-family sales in FMLS Area 14 decreased 9.7% on a month-over-month basis from 145 in March 2020 to 131 in April 2020. The months of inventory for single-family in FMLS Area 14 increased 10.7% on a month-over-month basis from 3.5 months in March 2020 to 3.8 months in April 2020.

M A R KE T AC TIV ITY DASHBOARD | APRIL 2020 VS MAR CH 2020

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

SALES PRICE TO LIST PRICE RATIO

+0.0%

-9.7%

+5.6%

+0.3%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CUMULATIVE DAYS ON MARKET

-26.1% +10.7%

+4.8%

-6.3%

Source: FMLS

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Source: 1/1/2020 – 3/31/2020 provided by v 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.

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