2021 Q3 Market Snapshot | Engel & Völkers Atlanta

MARKET SNAPSHOT 2 0 2 1

Q 3

AT L A N T A ,

G E O R G I A

ENGEL & VÖLKERS ATLANTA Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

1

A Word From Us ENGEL & VÖLKERS

So, where are we now and what does the future hold? By analyzing previous periods and the factors surrounding them, we can paint a fairly clear picture of the near future.

First, looking back to 2020, the period was dominated by the COVID-19 pandemic. The beginning of the year saw the traditional “early Spring” market arriving right as the pandemic began to come into view. Shortly after quarantine began, demand for single family and townhomes increased substantially. Because of their communal spaces and lifestyles that depend on nearby amenities (parks, restaurants, shops, etc.), condo sales receded and inventory levels increased by nearly 40%. This trend continued until 4Q2020, when demand increased and inventory levels were diminished by 20%. As the pandemic receded, so too did its effect on the condo market; resulting in a return to prepandemic supply and demand levels by the end of 2020.

Demand for single family and townhome product continued to increase exponentially. Rapid absorption of new home inventory drove supply levels to historic lows. Broken supply chains, delayed production of materials, and sky rocketing costs to construct slowed production and completion of new

2021

homes, exacerbating the low supply levels. has been a year of recovery for the city of Atlanta- unemployment has dropped

below pre-pandemic levels, businesses are growing, travel is back, and the future of metro-Atlanta is looking brighter than ever. This incredible growth hasn’t come without its challenges. Demand for homes of all types across the

Demand for homes of all types across the metro area has surged to levels that far exceed supply.

metro area has surged to levels that far exceed supply.

This, along with other factors, has driven up home prices

Vaccinations began in 1Q2021, causing COVID cases

by 20% within the past year alone. Residential building

to drop significantly. The economy began to see an

permit applications are at historic lows, far from meeting

accelerated recovery, boosted by pandemic savings

demand, and prices for land, materials, and labor continue

and government stimulus. Pent up demand coupled with

to increase. Despite these challenges, Atlanta, compared

additional savings lead to aggressive spending for homes,

to other major metro areas, remains relatively affordable,

home improvement, automobiles, and travel. The metro

making it a highly sought-after place to live.

Atlanta real estate market started the year with 1.6 months of inventory, substantially lower than previous years, which ranged from 4-6 months of inventory. By mid year, months

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

2

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

of inventory plummeted to an all-time low of 0.8 months,

housing. In short, there are simply no factors that indicate

an average days on market of 17, and an average sale

that the Atlanta market is at risk for a bubble. If demand is

price of $478,000. This, coupled with increased building

only increasing, what about future supply? The below graph

costs, resulted in an 18% average sale price increase from

illustrates the number of permits obtained in the metro

January 2021 to June 2021. These drastic numbers have

Atlanta area over the past 24 years. The pre-recession

fueled a belief that there is a bubble in the metro Atlanta

period is widely acknowledged as a time in which supply met

housing market. For buyers and sellers, the answer is a

demand. As the graph shows, building permits obtained in

reassuring- no.

Q1 & Q2 2021 are less than half the level obtained 24 years

These drastic numbers have fueled a belief that there is a bubble in the metro Atlanta housing market.

prior, in 1997. Since 1997, metro-Atlanta has added almost one million new residents, a 20% increase in population.

Supply chain issues, rising materials costs, and decreasing land availability and affordability are all factors that will effect the market’s ability to produce enough homes to meet market demand. Would-be homeowners are forced to turn to existing inventory which continues to lead to aggressive

Home prices, like most of the economy, are driven by supply

price increases. Simply put- there are not enough homes of

and demand. Supply, as previously mentioned, has never

any type in metro Atlanta to meet demand, and there are no

been lower, and demand has never been higher. The influx

factors in play that support the possibility of a bubble.

of new residents (over 100,000 in the past year alone), Atlanta Permit Trend 1997 - 6/2021

paired with high impact companies relocating or adding offices in Atlanta continues to feed the rising demand for homes in the metro area. Large companies such as

Souce: Engel & Völkers Atlanta, HUD, and Federal Reserve Economic Data, 1997-2021.

7000

6000

5000

Microsoft, Facebook, and Google are relocating or adding tens of thousands of new jobs to the city center. Tech companies and the burgeoning movie industry continue to add jobs, creating demand for other small businesses and

4000

3000

2000

1000

20 21

20 20

20 19

20 18

20 17

20 16

20 15

20 14

20 13

20 12

20 11

20 10

20 09

20 08

20 07

20 06

20 05

20 04

20 03

20 02

20 01

20 00

19 99

19 98

19 97

0

Permi ts/ Month

… there are simply no factors that indicate that the Atlanta market is at risk for a bubble.

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

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

3

Single Family Homes Inside the Perimeter

5

Outside the Perimeter

21

Condominiums

Inside the Perimeter

32

Outside the Perimeter

37

Townhomes

Inside the Perimeter

40

Outside the Perimeter

46

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

4

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

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

INSIDE THE PERIMETER

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

5

Single Family Homes

Inside the Perimeter

ANSLEY PARK / SHERWOOD FOREST HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.5

$1,400,000

27

$

28

9.6

BROOKHAVEN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

416

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

6

2.0

$740,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

8

BROOKWOOD HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.6

$1,540,000

11

$

7

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

854

2.5

$1,110,000 $

12

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

7

Single Family Homes

Inside the Perimeter

CABBAGETOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.2

$705,000

9

$

4

9.6

CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

139

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

8

1.3

$397,300

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

7

CHASTAIN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.3

$1,295,000

47

$

COLLEGE PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

12

9.6

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

28

2.3

$379,700 $

14

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

9

Single Family Homes

Inside the Perimeter

COLLIER HILLS/ ARDMORE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.8

$837,250

26

$

5

9.6

DECATUR HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

182

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

10

1.3

$689,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

5

DRUID HILLS / EMORY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.1

$832,500

79

$

EAST ATLANTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

6

9.6

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

103

1.0

$456,750 $

6

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

11

Single Family Homes

Inside the Perimeter

EAST LAKE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.3

$582,000

49

$

5

9.6

EAST POINT HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

177

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

12

1.4

$230,777

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

8

EDGEWOOD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.2

$567,000

47

$

5

9.6

GARDEN HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

56

1.4

$947,500 $

14

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

13

Single Family Homes

Inside the Perimeter

GRANT PARK / GLENWOOD PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.4

$555,000

91

$

5

9.6

HAPEVILLE / THOMASVILLE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

32

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

14

1.8

$262,500

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

7

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.2

$1,030,000

21

$

5

9.6

KIRKWOOD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

85

1.4

$556,000 $

4

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

15

Single Family Homes

Inside the Perimeter

LAKE CLAIRE / LITTLE FIVE POINTS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.2

$699,250

40

$

6

9.6

OAKHURST HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

39

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

16

1.1

$737,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

4

OLD FOURTH WARD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.9

$725,000

31

7

$

9.6

ORMEWOOD PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

64

1.1

$524,000 $

5

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

17

Single Family Homes

Inside the Perimeter

PEACHTREE HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.1

$750,000

50

$

8

9.6

REYNOLDSTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

24

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

18

1.1

$644,500

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

5

VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.6

$778,000

52

$

23

9.6

VIRGINIA HIGHLANDS / MORNINGSIDE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

177

2.0

$947,000 $

8

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

19

Single Family Homes

Inside the Perimeter

WEST END / CAPITOL VIEW HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.1

$325,000

353

10

$

9.6

WEST MIDTOWN / UNDERWOOD HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

278

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

20

1.3

$500,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

7

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

OUTSIDE THE PERIMETER

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

21

Single Family Homes

Outside the Perimeter

ACWORTH HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.2

$350,000

975

$

5

9.6

ALPHARETTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1133

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

22

1.1

$585,800

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

5

CHATTAHOOCHEE HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.7

$798,571

26

$

20

9.6

CUMMING HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1874

0.9

$469,950 $

5

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

23

Single Family Homes

Outside the Perimeter

DULUTH HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.2

$420,000

500

$

5

9.6

DUNWOODY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

247

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

24

1.3

$590,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

5

EAST COBB HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.1

$448,000

1868

$

5

9.6

JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

388

1.0

$635,000 $

6

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

25

Single Family Homes

Outside the Perimeter

KENNESAW HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.0

$354,500

743

$

5

9.6

MABLETON HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

336

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

26

1.0

$350,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

5

MARIETTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.1

$410,000

2718

$

6

9.6

MILTON HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

286

1.6

$929,736 $

6

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

27

Single Family Homes

Outside the Perimeter

NORCROSS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.4

$286,100

171

$

5

9.6

PEACHTREE CITY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

55

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

28

2.7

$430,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

9

PEACHTREE CORNERS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.0

$484,000

193

$

5

9.6

ROSWELL HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

924

1.1

$535,000 $

5

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

29

Single Family Homes

Outside the Perimeter

SANDY SPRINGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.8

$755,000

333

$

9

9.6

SMYRNA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

643

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

30

1.2

$449,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

6

SUWANNEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.0

$493,750

762

$

5

9.6

WOODSTOCK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1061

1.0

$370,000 $

5

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

31

CONDOMINIUMS

INSIDE THE PERIMETER

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

32

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

Condominiums

Inside the Perimeter

BROOKHAVEN / CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.4

$240,000

156

$

13

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

791

2.9

$259,000 $

24

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

33

Condominiums

Inside the Perimeter

DECATUR / EMORY / DRUID HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.6

$225,000

137

$

11

9.6

DOWNTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

159

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

34

3.2

$244,500

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

29

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.1

$334,900

31

$

12

9.6

MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

510

2.3

$315,000 $

24

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

35

Condominiums

Inside the Perimeter

OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.8

$280,000

147

$

12

9.6

WEST MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

204

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

36

2.3

$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 | 3 Q 2 1

$

14

CONDOMINIUMS

OUTSIDE THE PERIMETER

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

37

Condominiums

Outside the Perimeter

MARIETTA / SMYNRA / VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

0.9

$210,000

263

$

5

9.6

ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

125

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

38

0.9

$277,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

5

SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.0

$197,750

330

$

6

9.6

CUMMING HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

33

0.5

$375,000 $

9

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

39

TOWNHOMES

INSIDE THE PERIMETER

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

40

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

Townhomes

Inside the Perimeter

BROOKHAVEN / CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.4

$525,000

229

$

19

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

311

2.0

$485,000 $

13

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

41

Townhomes

Inside the Perimeter

DECATUR / EMORY / DRUID HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.8

$473,883

116

$

11

9.6

DOWNTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

10

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

42

1.2

$521,865

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

0

EAST ATLANTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.8

$452,750

16

$

69

9.6

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

23

1.4

$637,500 $

7

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

43

Townhomes

Inside the Perimeter

MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.2

$527,450

22

7

$

9.6

OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

45

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

44

2.0

$620,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

17

WEST MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

218

$388,000

1.1 $

8

9.6

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

45

TOWNHOMES

OUTSIDE THE PERIMETER

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

46

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

Townhomes

Outside the Perimeter

MARIETTA / SMYNRA / VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.0

$345,404

579

$

7

9.6

ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

511

0.8

$430,000 $

7

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

47

Townhomes

Outside the Perimeter

SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.4

$373,500

346

$

8

9.6

CUMMING HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

118

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points

48

0.7

$307,000

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 1

$

4

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

Source: TrendGraphix, FMLS Closed Sales 3Q20 v 3Q21, All Price Points © 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.

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