Engel & Völkers Atlanta - Q1 2021 Market Intelligence Snapshot Aida Friebe

MARKET

SNAPSHOT

2 0 2 1

Q 1

AT L A N T A ,

Aida Friebe • Engel & Völkers Atlanta 1745 Peachtree St • Atlanta • GA 30309 Office +1 404-845-7724 • Mobile +1 404-626-9339 Source: 1/1/2021 – 3/31/2020 provided by FMLS aida.friebe@evatlanta.com aidafriebe.evatlanta.com

G E O R G I A

ENGEL & VÖLKERS ATLANTA AIDA FRIEBE i

Source: 1/1/2021 – 3/31/2020 provided by FMLS

ii

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 1

A WORD FROM US

As we look back on the first quarter of a brand new year – a year of economic recovery following one severely impacted by a global pandemic and a contentious election – it is important to understand the impact these challenges had and still continue to have on the Atlanta 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 first quarter of 2021 has shown a continuing drop in supply levels for single family homes and townhomes, and for the first time since 1Q20, a drop in condominium supply. However, supply levels for higher priced homes can range widely from 2-18 months. The effects of this dwindling supply of homes has resulted, in most segments, in continued price increases.

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 the insight provided within.

Source: 1/1/2021 – 3/31/2020 provided by FMLS

iii

Single Family Homes Inside the Perimeter

01

Outside the Perimeter

17

Condominiums

Inside the Perimeter

28

Outside the Perimeter

33

Townhomes

Inside the Perimeter

36

Outside the Perimeter

42

Source: 1/1/2021 – 3/31/2020 provided by FMLS

iv

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 1

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

INSIDE THE PERIMETER

Source: 1/1/2021 – 3/31/2020 provided by FMLS

1

Single Family Homes

Inside the Perimeter

ANSLEY PARK / SHERWOOD FOREST HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

$1,650,000

7

3.5

$

60

9.6

BROOKHAVEN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

155 Source: 1/1/2021 – 3/31/2020 provided by FMLS

2

1.7

$720,000

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 1

$

12

BROOKWOOD HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

$1,435,000

3

1.7

$

87

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

284

3

$920,000 $

21

Source: 1/1/2021 – 3/31/2020 provided by FMLS

3

Single Family Homes

Inside the Perimeter

CABBAGETOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.6

$470,000

5

$

16

9.6

CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

50 Source: 1/1/2021 – 3/31/2020 provided by FMLS

4

1

$384,500

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 1

$

9

CHASTAIN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.3

$1,202,500

20

$

COLLEGE PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

8

9.6

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

16

1.8

$331,450 $

11

Source: 1/1/2021 – 3/31/2020 provided by FMLS

5

Single Family Homes

Inside the Perimeter

COLLIER HILLS/ ARDMORE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.3

$683,500

15

$

13

9.6

DECATUR HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

57 Source: 1/1/2021 – 3/31/2020 provided by FMLS

6

1.1

$581,250

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 1

$

11

DRUID HILLS / EMORY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.6

$740,000

26

$

EAST ATLANTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

14

9.6

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

35

0.8

$410,629 $

4

Source: 1/1/2021 – 3/31/2020 provided by FMLS

7

Single Family Homes

Inside the Perimeter

EAST LAKE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1

$531,500

18

$

18

9.6

EAST POINT HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

66 Source: 1/1/2021 – 3/31/2020 provided by FMLS

8

1.2

$213,500

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 1

$

18

EDGEWOOD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.2

$510,000

21

$

11

9.6

GARDEN HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

11

2.6

$790,000 $

72

Source: 1/1/2021 – 3/31/2020 provided by FMLS

9

Single Family Homes

Inside the Perimeter

GRANT PARK / GLENWOOD PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.9

$510,000

41

$

4

9.6

HAPEVILLE / THOMASVILLE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

16 Source: 1/1/2021 – 3/31/2020 provided by FMLS

10

1.5

$206,500

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 1

$

28

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.9

$750,000

7

$

10

9.6

KIRKWOOD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

18

0.6

$545,000 $

6

Source: 1/1/2021 – 3/31/2020 provided by FMLS

11

Single Family Homes

Inside the Perimeter

LAKE CLAIRE / LITTLE FIVE POINTS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.9

$685,000

17

$

5

9.6

OAKHURST HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

12 Source: 1/1/2021 – 3/31/2020 provided by FMLS

12

0.8

$549,500

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 1

$

12

OLD FOURTH WARD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.5

$650,000

8

26

$

9.6

ORMEWOOD PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

20

1.3

$480,000 $

5

Source: 1/1/2021 – 3/31/2020 provided by FMLS

13

Single Family Homes

Inside the Perimeter

PEACHTREE HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.8

$620,000

16

$

4

9.6

REYNOLDSTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

8 Source: 1/1/2021 – 3/31/2020 provided by FMLS

14

0.6

$545,000

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 1

$

9

VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.8

$725,000

28

$

30

9.6

VIRGINIA HIGHLANDS / MORNINGSIDE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

52

1.8

$1,000,000 $

19

Source: 1/1/2021 – 3/31/2020 provided by FMLS

15

Single Family Homes

Inside the Perimeter

WEST END / CAPITOL VIEW HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.9

$280,000

162

18

$

9.6

WEST MIDTOWN / UNDERWOOD HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

116 Source: 1/1/2021 – 3/31/2020 provided by FMLS

16

1.2

$470,000

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 1

$

12

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

OUTSIDE THE PERIMETER

Source: 1/1/2021 – 3/31/2020 provided by FMLS

17

Single Family Homes

Outside the Perimeter

ACWORTH HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.8

$307,500

359

$

6

9.6

ALPHARETTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

376 Source: 1/1/2021 – 3/31/2020 provided by FMLS

18

0.9

$526,000

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 1

$

7

CHATTAHOOCHEE HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3

$637,250

12

$

14

9.6

CUMMING HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

666

0.7

$408,000 $

6

Source: 1/1/2021 – 3/31/2020 provided by FMLS

19

Single Family Homes

Outside the Perimeter

DULUTH HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.9

$380,000

189

$

6

9.6

DUNWOODY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

69 Source: 1/1/2021 – 3/31/2020 provided by FMLS

20

1.1

$550,000

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 1

$

4

EAST COBB HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.9

$395,000

701

$

7

9.6

JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

138

0.8

$615,000 $

6

Source: 1/1/2021 – 3/31/2020 provided by FMLS

21

Single Family Homes

Outside the Perimeter

KENNESAW HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.6

$320,000

218

$

4

9.6

MABLETON HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

114 Source: 1/1/2021 – 3/31/2020 provided by FMLS

22

0.6

$328,213

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 1

$

5

MARIETTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1

$375,000

994

$

8

9.6

MILTON HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

81

1.7

$805,000 $

9

Source: 1/1/2021 – 3/31/2020 provided by FMLS

23

Single Family Homes

Outside the Perimeter

NORCROSS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.6

$255,000

61

$

10

9.6

PEACHTREE CITY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

25 Source: 1/1/2021 – 3/31/2020 provided by FMLS

24

1.8

$394,000

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 1

$

11

PEACHTREE CORNERS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.7

$455,000

54

$

6

9.6

ROSWELL HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

284

0.8

$506,000 $

7

Source: 1/1/2021 – 3/31/2020 provided by FMLS

25

Single Family Homes

Outside the Perimeter

SANDY SPRINGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.7

$662,500

148

$

12

9.6

SMYRNA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

289 Source: 1/1/2021 – 3/31/2020 provided by FMLS

26

0.8

$425,000

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 1

$

10

SUWANNEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.6

$443,905

204

$

7

9.6

WOODSTOCK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

356

0.7

$336,625 $

4

Source: 1/1/2021 – 3/31/2020 provided by FMLS

27

CONDOMINIUMS

INSIDE THE PERIMETER

Source: 1/1/2021 – 3/31/2020 provided by FMLS

28

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

Condominiums

Inside the Perimeter

BROOKHAVEN / CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.6

$219,000

60

$

43

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

310

4.2

$250,000 $

40

Source: 1/1/2021 – 3/31/2020 provided by FMLS

29

Condominiums

Inside the Perimeter

DECATUR / EMORY / DRUID HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.4

$209,000

59

$

12

9.6

DOWNTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

67 Source: 1/1/2021 – 3/31/2020 provided by FMLS

30

4.1

$257,000

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 1

$

53

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.6

$422,500

18

$

5

9.6

MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

197

3.6

$297,000 $

33

Source: 1/1/2021 – 3/31/2020 provided by FMLS

31

Condominiums

Inside the Perimeter

OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.3

$273,375

44

$

21

9.6

WEST MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

77 Source: 1/1/2021 – 3/31/2020 provided by FMLS

32

3.4

$245,000

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 1

$

39

CONDOMINIUMS

OUTSIDE THE PERIMETER

Source: 1/1/2021 – 3/31/2020 provided by FMLS

33

Condominiums

Outside the Perimeter

MARIETTA / SMYNRA / VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.9

$209,500

126

$

11

9.6

ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

39 Source: 1/1/2021 – 3/31/2020 provided by FMLS

34

1.2

$254,000

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 1

$

6

SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.4

$183,450

160

$

25

9.6

CUMMING HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

20

0.7

$375,000 $

13

Source: 1/1/2021 – 3/31/2020 provided by FMLS

35

TOWNHOMES

INSIDE THE PERIMETER

Source: 1/1/2021 – 3/31/2020 provided by FMLS

36

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

Townhomes

Inside the Perimeter

BROOKHAVEN / CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.1

$499,900

127

$

42

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

120

2.7

$446,500 $

34

Source: 1/1/2021 – 3/31/2020 provided by FMLS

37

Townhomes

Inside the Perimeter

DECATUR / EMORY / DRUID HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2

$415,500

31

$

17

9.6

DOWNTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4 Source: 1/1/2021 – 3/31/2020 provided by FMLS

38

1

$507,005

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 1

$

137

EAST ATLANTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.6

$549,900

3

$

35

9.6

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

10

1.5

$637,750 $

9

Source: 1/1/2021 – 3/31/2020 provided by FMLS

39

Townhomes

Inside the Perimeter

MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.5

$450,000

5

$

4.3

9.6

OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

25 Source: 1/1/2021 – 3/31/2020 provided by FMLS

40

3

$800,000

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 1

$

38

WEST MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

78

1.8

$366,700 $

15

9.6

Source: 1/1/2021 – 3/31/2020 provided by FMLS

41

TOWNHOMES

OUTSIDE THE PERIMETER

Source: 1/1/2021 – 3/31/2020 provided by FMLS

42

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

Townhomes

Outside the Perimeter

MARIETTA / SMYNRA / VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1

$320,395

234

$

11

9.6

ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

182

1

$417,390 $

10

Source: 1/1/2021 – 3/31/2020 provided by FMLS

43

Townhomes

Outside the Perimeter

SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.1

$349,000

169

$

19

9.6

CUMMING HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

49 Source: 1/1/2021 – 3/31/2020 provided by FMLS

44

0.5

$280,000

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 1

$

5

www.evatlanta.com 1745 Peachtree Street, Atlanta, GA 30309, USA | 404.845.7724

Source: 1/1/2021 – 3/31/2020 provided by FMLS © 2021 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.

45