Engel & Völkers Atlanta - Q1 2020 Market Snapshot

MARKET SNAPSHOT 2 0 2 0

Q 1

AT L A N T A ,

G E O R G I A

ENGEL & VÖLKERS ATLANTA Source: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

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

January 1 - April 14 WeeklyAtlanta New Pending Sales YTY Percent Change New Pending Sales *Source: MarketNSight, Jan 1- Apr 14, 2020 in Metro-Atlanta

Metro Atlanta For Sale / Sold / Pending For Sale Sold New Pending Sales * Source: Trendgraphix, March 2018-March 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 S N A P S H O T | 1 Q 2 0

Monthly Inventory Based on Closed Sales

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

New Under Contract Trend 1/2013-3/2020 Atlanta Permits per Month TTM Moving Avg YTY % Change Monthly YTY % Change

*Source: MarketNSight, Jan 1- Apr 14, 2020 in Metro-Atlanta

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:

• We believe the last half of April will be worse than the first half. Our best estimate is that final April 2020 pending sales will be down 50% to 55% from April 2019.

• Our current thinking is that May will be down again 50% to 55%, and then we will start to see upward movement in June. We will still be down, but at a decreasing negative rate. Look for June to be down year to year 30% to 40%, July to be down year to year 20% to 30%, and August to be flat to down 10% year to year.

• We should see housing retake its traditional role of leading the country out of this recession in the fourth quarter of this year.

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 S N A P S H O T | 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 data across the Atlanta real estate market, the effects of COVID-19 cannot fully be seen yet. The end of quarter one reflects only the beginning of the pandemic’s impact; the most fullyformed data will come during the second quarter.

We’ll be releasing a detailed report at the end of the second quarter, make sure you’re signed up to receive it by clicking below.

SIGN UP FOR THE Q2 REPORT

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

5

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

6

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

A WORD FROM US

The first quarter in the Atlanta real estate market has brought plenty of surprises. On the following pages of this report you will find a cohesive set of data points which help showcase current market conditions in the condominium, townhome, and singlefamily home markets of areas and neighborhoods within metro-Atlanta.

Overall, the first quarter of 2020 has shown a slight increase to the supply levels for townhomes and condos, while the single-family home supply levels have decreased.

As expected, overall supply levels remain well below stable market conditions, which translates to a 3-month timeline to sell all of the homes on the market. As home values increase, more and more homeowners are trying to capitalize on the increase in equity from their homes. Economic conditions in Atlanta, like the explosive job growth and population boom, 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. 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: 10/1/2019 – 12/31/2019 provided by InfoSparks by FMLS

7

Single Family Homes Inside the Perimeter

09

Outside the Perimeter

25

Condominiums

Inside the Perimeter

37

Outside the Perimeter

41

Townhomes

Inside the Perimeter

45

Outside the Perimeter

51

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

8

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

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

INSIDE THE PERIMETER

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

9

Single Family Homes

Inside the Perimeter

ANSLEY PARK / SHERWOOD FOREST HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

$1,060,000

9

8.4

$

43

9.6

BROOKHAVEN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

145

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

10

2.5

$635,000

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

25

BROOKWOOD HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.6

$774,500

4

$

31

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

238

5

$855,000 $

37

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

11

Single Family Homes

Inside the Perimeter

CABBAGETOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.9

$654,000

5

$

53

9.6

CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

36

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

12

1.5

$375,000

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

27

CHASTAIN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

5.8

$1,180,000

17

$

COLLEGE PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

24

9.6

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

10

4.7

$340,000 $

26

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

13

Single Family Homes

Inside the Perimeter

COLLIER HILLS/ ARDMORE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.7

$720,000

9

$

49

9.6

DECATUR HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

46

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

14

2.3

$550,000

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

10

DRUID HILLS / EMORY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.7

$720,000

9

$

EAST ATLANTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

49

9.6

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

36

1.6

$481,200 $

33

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

15

Single Family Homes

Inside the Perimeter

EAST LAKE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.6

$655,000

16

$

47

9.6

EAST POINT HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

63

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

16

2.5

$176,000

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

22

EDGEWOOD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.3

$405,000

19

$

38

9.6

GARDEN HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

14

4.2

$912,500 $

24

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

17

Single Family Homes

Inside the Perimeter

GRANT PARK / GLENWOOD PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.8

$495,000

31

$

21

9.6

HAPEVILLE / THOMASVILLE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

11

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

18

3.1

$215,000

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

34

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.4

$757,250

24

$

53

9.6

KIRKWOOD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

17

2.2

$431,500 $

17

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

19

Single Family Homes

Inside the Perimeter

LAKE CLAIRE / LITTLE FIVE POINTS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.6

$635,000

19

$

15

9.6

OAKHURST HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

5

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

20

1.7

$550,000

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

5

OLD FOURTH WARD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.7

$580,000

7

36

$

9.6

ORMEWOOD PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

19

1.3

$439,900 $

36

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

21

Single Family Homes

Inside the Perimeter

PEACHTREE HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.3

$733,500

16

$

6

9.6

REYNOLDSTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

5

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

22

1.7

$442,000

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

39

VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.9

$664,250

22

$

56

9.6

VIRGINIA HIGHLANDS / MORNINGSIDE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

55

2.5

$835,000 $

29

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

23

Single Family Homes

Inside the Perimeter

WEST END / CAPITOL VIEW HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.7

$236,500

142

35

$

9.6

WEST MIDTOWN / UNDERWOOD HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

103

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

24

2.7

$410,000

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

36

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

OUTSIDE THE PERIMETER

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

25

Single Family Homes

Outside the Perimeter

ACWORTH HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.8

$272,985

367

$

31

9.6

ALPHARETTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

318

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

26

2.7

$430,500

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

35

CHATTAHOOCHEE HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

8.9

$637,438

6

$

78

9.6

CUMMING HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

669

2.3

$354,900 $

42

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

27

Single Family Homes

Outside the Perimeter

DULUTH HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.3

$305,000

167

$

27

9.6

DUNWOODY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

61

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

28

2.1

$465,000

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

15

EAST COBB HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.4

$360,000

551

$

23

9.6

JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

128

3.1

$517,500 $

45

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

29

Single Family Homes

Outside the Perimeter

KENNESAW HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.7

$280,000

230

$

22

9.6

MABLETON HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

129

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

30

1.9

$270,000

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

23

MARIETTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.4

$331,000

847

$

22

9.6

MILTON HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

76

4.9

$664,400 $

50

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

31

Single Family Homes

Outside the Perimeter

NORCROSS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.9

$255,200

78

$

20

9.6

PEACHTREE CITY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

13

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

32

2.8

$319,900

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

59

PEACHTREE CORNERS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.6

$390,000

57

$

35

9.6

ROSWELL HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

294

2.4

$400,000 $

30

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

33

Single Family Homes

Outside the Perimeter

SANDY SPRINGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

43

$620,000

122

$

38

9.6

SMYRNA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

209

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

34

2.4

$365,000

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

30

SUWANNEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.8

$365,000

247

$

44

9.6

WOODSTOCK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

345

1.8

$290,000 $

21

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

35

CONDOMINIUMS

INSIDE THE PERIMETER

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

36

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

Condominiums

Inside the Perimeter

BROOKHAVEN / CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.4

$205,000

45

$

43

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

250

4.0

$245,125 $

43

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

37

Condominiums

Inside the Perimeter

DECATUR / EMORY / DRUID HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.4

$230,000

46

$

31

9.6

DOWNTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

57

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

38

4.2

$220,000

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

33

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.0

$300,000

11

$

4

9.6

MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

145

2.9

$314,900 $

30

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

39

Condominiums

Inside the Perimeter

OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.9

$263,000

42

$

24

9.6

WEST MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

59

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

40

3.1

$192,900

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

30

CONDOMINIUMS

OUTSIDE THE PERIMETER

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

41

Condominiums

Outside the Perimeter

MARIETTA / SMYNRA / VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.4

$188,000

103

$

23

9.6

ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

52

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

42

2.1

$216,500

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

16

SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

125

2.4

$186,000 $

23

9.6

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

43

TOWNHOMES

INSIDE THE PERIMETER

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

44

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

Townhomes

Inside the Perimeter

BROOKHAVEN / CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.5

$451,763

64

$

40

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

88

4.1

$471,450 $

66

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

45

Townhomes

Inside the Perimeter

DECATUR / EMORY / DRUID HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.8

$432,837

39

$

38

9.6

DOWNTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

7

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

46

4.1

$449,900

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

28

EAST ATLANTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.6

$272,000

5

$

57

9.6

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3

2.1

$422,000 $

6

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

47

Townhomes

Inside the Perimeter

MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.5

$673,000

5

35

$

9.6

OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

5

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

48

5.0

$588,500

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

$

20

WEST MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

62

3.1

$294,500 $

37

9.6

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

49

TOWNHOMES

OUTSIDE THE PERIMETER

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

50

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

Townhomes

Outside the Perimeter

MARIETTA / SMYNRA / VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.1

$257,000

183

$

19

9.6

ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

182

2.4

$350,000 $

36

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

51

Townhomes

Outside the Perimeter

SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

138

2.2

$310,450 $

9.6

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

52

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0

35

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

53

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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.

54

AT L A N TA M A R K E T S N A P S H O T | 1 Q 2 0