Engel & Völkers Atlanta - Q3 2020 Market Snapshot

MARKET SNAPSHOT 2 0 2 0

Q 3

AT L A N T A ,

G E O R G I A

ENGEL & VÖLKERS ATLANTA Source: 7/1/2020 – 9/30/2020 provided by FMLS

1

FMLS The Impact Area of 21COVID-19 The World Health Organization officially declared coronavirus a pandemic on March 11, 2020. As of September 1, it’s infected over 35 million worldwide and over 7 million in the U.S. This has taken a toll on the U.S. economy and spiked unemployment. Even so, the economy is showing early signs of recovery.

While many unknown factors still cloud predictions on the economic future, the housing market in Atlanta, continues to show signs of healthy growth. Inventory is still low, and demand continues to increase.

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.

Weekly Covid-19 Cases and Pending Sales YTY % Change Atlanta Covid-19 Weekly Cases New Pending Sales with Lag New Pending Sales Forecast

*Source: MarketNSight

January 1 - September 30 WeeklyAtlanta New Pending Sales New Pending Sales 2019 New Pending Sales 2020 with Lag New Pending Sales 2020 Forecast

*Source: MarketNSight

Source: 7/1/2020 – 9/30/2020 provided 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 | 3 Q 2 0

Permit Trend 1/2004 - 8/2020 Atlanta Permits / Month 12 Month Moving Average

*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 some key takeaways: • It’s obvious that the desire for people to own a home in Atlanta is still very strong and getting stronger.

• Underlying strength of the Atlanta real estate market coupled with ultra-low interest rates means a quick recovery should another shut down occur.

• We are continuing to see evidence that housing is maintaining its traditional role of leading the country out of this recession.

Source: 7/1/2020 – 9/30/2020 provided by FMLS

3

FMLS The Impact Area of 21COVID-19

H O W P R E V I O U S R E C E S S I O N S H AV E I M PA C T E D H O U S I N G

Source: 7/1/2020 – 9/30/2020 provided 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 | 3 Q 2 0

As we move through the next few 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 is beginning to — housing is set to help lead the way out.”

We’ll be releasing another detailed report at the end of 2020, make sure you’re signed up to receive it by clicking below.

SIGN UP FOR THE Q4 REPORT

Source: 7/1/2020 – 9/30/2020 provided by FMLS

5

Source: 7/1/2020 – 9/30/2020 provided 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 | 3 Q 2 0

A WORD FROM US

As the economy in Georgia continues to come back to life and the city continues to grapple with the effects of the pandemic, we continue to monitor data each day in an effort to keep 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 third quarter of 2020 has shown little change in supply levels for townhomes and condos, while the single-family home supply levels continue to decrease. As expected, overall supply levels remain well below stable market conditions, which translates to a 1.6-month timeline to sell all of the homes on the market. However, supply levels for higher priced homes can range widely from 2-18 months.

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 COVID-19 pandemic and economic fallout surrounding it, there are many questions about the Atlanta real estate market. Like many other cities, Atlanta has experienced a sharp rise in unemployment. While many furloughed workers have been and will continue to return to work, there are many jobs that are permanently lost. Given current home inventory levels 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 the insight provided within.

Source: 7/1/2020 – 9/30/2020 provided by FMLS

7

Single Family Homes Inside the Perimeter

9

Outside the Perimeter

25

Condominiums

Inside the Perimeter

36

Outside the Perimeter

41

Townhomes

Inside the Perimeter

44

Outside the Perimeter

50

Source: 7/1/2020 – 9/30/2020 provided by FMLS

8

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 0

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

INSIDE THE PERIMETER

Source: 7/1/2020 – 9/30/2020 provided 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

$

$1,175,000

5

2.5

$

59

9.6

BROOKHAVEN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

196 Source: 7/1/2020 – 9/30/2020 provided by FMLS

10

2.5

$640,000

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 0

$

17

BROOKWOOD HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

$1,200,000

12

2.2

$

37

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

388

5.1

$950,000 $

32

Source: 7/1/2020 – 9/30/2020 provided by FMLS

11

Single Family Homes

Inside the Perimeter

CABBAGETOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.4

$435,000

14

$

26

9.6

CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

47 Source: 7/1/2020 – 9/30/2020 provided by FMLS

12

1.9

$370,000

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 0

$

7

CHASTAIN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

5.0

$1,682,500

34

$

COLLEGE PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

26

9.6

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

18

3.2

$290,000 $

41

Source: 7/1/2020 – 9/30/2020 provided 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

$

1.8

$750,000

17

$

58

9.6

DECATUR HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

71 Source: 7/1/2020 – 9/30/2020 provided by FMLS

14

2.0

$625,000

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 0

$

21

DRUID HILLS / EMORY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.3

$590,000

133

$

EAST ATLANTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

13

9.6

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

42

1.2

$417,500 $

6

Source: 7/1/2020 – 9/30/2020 provided by FMLS

15

Single Family Homes

Inside the Perimeter

EAST LAKE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.6

$497,950

36

$

7

9.6

EAST POINT HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

108 Source: 7/1/2020 – 9/30/2020 provided by FMLS

16

2.1

$196,950

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 0

$

14

EDGEWOOD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.1

$425,000

18

$

9

9.6

GARDEN HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

16

5.7

$879,999 $

61

Source: 7/1/2020 – 9/30/2020 provided 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

$

2.5

$547,500

55

$

11

9.6

HAPEVILLE / THOMASVILLE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

26 Source: 7/1/2020 – 9/30/2020 provided by FMLS

18

2.7

$230,000

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 0

$

28

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

$1,030,000

8

4.0

$

10

9.6

KIRKWOOD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

62

1.6

$539,650 $

6

Source: 7/1/2020 – 9/30/2020 provided 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

$746,750

40

$

12

9.6

OAKHURST HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

18 Source: 7/1/2020 – 9/30/2020 provided by FMLS

20

1.7

$632,500

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 0

$

4

OLD FOURTH WARD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.2

$525,000

27

18

$

9.6

ORMEWOOD PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

31

2.0

$560,000 $

4

Source: 7/1/2020 – 9/30/2020 provided by FMLS

21

Single Family Homes

Inside the Perimeter

PEACHTREE HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.9

$682,500

30

$

10

9.6

REYNOLDSTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

13 Source: 7/1/2020 – 9/30/2020 provided by FMLS

22

2.3

$506,000

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 0

$

4

VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.4

$742,500

34

$

16

9.6

VIRGINIA HIGHLANDS / MORNINGSIDE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

99

3.3

$890,000 $

16

Source: 7/1/2020 – 9/30/2020 provided 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

$

2.8

$255,000

192

19

$

9.6

WEST MIDTOWN / UNDERWOOD HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

135 Source: 7/1/2020 – 9/30/2020 provided by FMLS

24

2.9

$440,000

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 0

$

14

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

OUTSIDE THE PERIMETER

Source: 7/1/2020 – 9/30/2020 provided by FMLS

25

Single Family Homes

Outside the Perimeter

ACWORTH HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.3

$300,080

560

$

11

9.6

ALPHARETTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

608 Source: 7/1/2020 – 9/30/2020 provided by FMLS

26

2.0

$480,000

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 0

$

14

CHATTAHOOCHEE HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

4.3

$627,500

12

$

68

9.6

CUMMING HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1118

1.7

$390,000 $

16

Source: 7/1/2020 – 9/30/2020 provided by FMLS

27

Single Family Homes

Outside the Perimeter

DULUTH HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.2

$330,000

243

$

13

9.6

DUNWOODY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

93 Source: 7/1/2020 – 9/30/2020 provided by FMLS

28

2.1

$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 0

$

12

EAST COBB HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.4

$342,450

2

$

6

9.6

JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

215

2.6

$520,000 $

24

Source: 7/1/2020 – 9/30/2020 provided by FMLS

29

Single Family Homes

Outside the Perimeter

KENNESAW HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.4

$300,950

392

$

8

9.6

MABLETON HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

167 Source: 7/1/2020 – 9/30/2020 provided by FMLS

30

1.2

$295,000

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 0

$

8

MARIETTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.1

$360,000

1348

$

13

9.6

MILTON HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

154

3.6

$750,000 $

18

Source: 7/1/2020 – 9/30/2020 provided by FMLS

31

Single Family Homes

Outside the Perimeter

NORCROSS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.7

$239,500

98

$

13

9.6

PEACHTREE CITY HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

23 Source: 7/1/2020 – 9/30/2020 provided by FMLS

32

2.2

$441,000

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 0

$

60

PEACHTREE CORNERS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.9

$430,000

97

$

18

9.6

ROSWELL HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

476

1.8

$475,000 $

14

Source: 7/1/2020 – 9/30/2020 provided by FMLS

33

Single Family Homes

Outside the Perimeter

SANDY SPRINGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.9

$625,000

168

$

31

9.6

SMYRNA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

345 Source: 7/1/2020 – 9/30/2020 provided by FMLS

34

1.9

$395,000

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 0

$

12

SUWANNEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.9

$415,000

452

$

15

9.6

WOODSTOCK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

567

1.4

$325,000 $

9

Source: 7/1/2020 – 9/30/2020 provided by FMLS

35

CONDOMINIUMS

INSIDE THE PERIMETER

Source: 7/1/2020 – 9/30/2020 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 | 3 Q 2 0

Condominiums

Inside the Perimeter

BROOKHAVEN / CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

5.6

$216,000

54

$

29

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

299

5.7

$240,000 $

29

Source: 7/1/2020 – 9/30/2020 provided by FMLS

37

Condominiums

Inside the Perimeter

DECATUR / EMORY / DRUID HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.4

$204,250

48

$

22

9.6

DOWNTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

61 Source: 7/1/2020 – 9/30/2020 provided by FMLS

38

5.9

$240,000

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 0

$

26

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.9

$305,000

17

$

20

9.6

MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

190

5.2

$299,700 $

20

Source: 7/1/2020 – 9/30/2020 provided 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

$

3.8

$260,000

49

$

7

9.6

WEST MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

73 Source: 7/1/2020 – 9/30/2020 provided by FMLS

40

4.9

$220,000

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 0

$

16

CONDOMINIUMS

OUTSIDE THE PERIMETER

Source: 7/1/2020 – 9/30/2020 provided by FMLS

41

Condominiums

Outside the Perimeter

MARIETTA / SMYNRA / VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

1.5

$188,250

130

$

9

9.6

ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

76 Source: 7/1/2020 – 9/30/2020 provided by FMLS

42

2.2

$288,000

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 0

$

15

SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.1

$173,000

141

$

21

9.6

CUMMING HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

17

1.6

$337,000 $

25

Source: 7/1/2020 – 9/30/2020 provided by FMLS

43

TOWNHOMES

INSIDE THE PERIMETER

Source: 7/1/2020 – 9/30/2020 provided by FMLS

44

AT L A N TA M A R K E T I N T E L L I G E N C E | 3 Q 2 0

Townhomes

Inside the Perimeter

BROOKHAVEN / CHAMBLEE HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.5

$450,000

119

$

22

9.6

BUCKHEAD HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

100

4.9

$455,000 $

28

Source: 7/1/2020 – 9/30/2020 provided by FMLS

45

Townhomes

Inside the Perimeter

DECATUR / EMORY / DRUID HILLS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

3.2

$450,000

31

$

22

9.6

DOWNTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

6 Source: 7/1/2020 – 9/30/2020 provided by FMLS

46

3.3

$483,557

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 0

$

99

EAST ATLANTA HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

5.0

$520,000

2

$

41

9.6

INMAN PARK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

11

5.9

$575,000 $

25

Source: 7/1/2020 – 9/30/2020 provided by FMLS

47

Townhomes

Inside the Perimeter

MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

6.0

$530,000

9

24

$

9.6

OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

15 Source: 7/1/2020 – 9/30/2020 provided by FMLS

48

5.3

$610,000

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 0

$

14

WEST MIDTOWN HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

92

2.2

$296,000 $

14

9.6

Source: 7/1/2020 – 9/30/2020 provided by FMLS

49

TOWNHOMES

OUTSIDE THE PERIMETER

Source: 7/1/2020 – 9/30/2020 provided by FMLS

50

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 0

Townhomes

Outside the Perimeter

MARIETTA / SMYNRA / VININGS HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.2

$299,000

293

$

14

9.6

ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

229

2.5

$381,225 $

19

Source: 7/1/2020 – 9/30/2020 provided by FMLS

51

Townhomes

Outside the Perimeter

SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

2.9

$286,000

155

$

23

9.6

CUMMING HOMES SOLD

MEDIAN CLOSED SALES PRICE

MONTHS OF INVENTORY

AVG DAYS ON MARKET

$

66 Source: 7/1/2020 – 9/30/2020 provided by FMLS

52

1.6

$269,250

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 0

$

12

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

Source: 7/1/2020 – 9/30/2020 provided 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.

53