2018 Q4 Market Report | Engel & Völkers Atlanta

MARKET INTELLIGENCE 2 0 1 8

Q 4

AT L A N T A , G E O R G I A

ENGEL & VÖLKERS ATLANTA

2

ATLANTA MARKET INTELLIGENCE | 4Q18

ATLANTA MARKET INTELLIGENCE | 4Q18

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A WORD FROM US As the newest and fastest growing real estate brokerage in Atlanta, Georgia, Engel & Vรถlkers has grown to 6 office locations around Metro Atlanta. The strength of its remarkable brand has made Engel & Vรถlkers the most recognized real estate firm worldwide with over 10,000 Advisors in over 800 offices, spanning 34 countries and 6 continents. Engel & Vรถlkers Atlanta has established themselves as leaders in the real estate industry offering their clientele unmatchable, global reach with extensive, local expertise on new home sales and general brokerage real estate.

It is our pleasure to present our 2018 Quarter 4 Atlanta Market Intelligence Report, where you will find comprehensive reports on residential attached condominiums and townhomes and residential detached single family homes in the following FMLS areas: 21, 22, 23, 24, 51, 52, 71, and 132.

TABLE OF CONTENTS A WORD FROM US . . ...................................................................................................2 FMLS AREA 21...........................................................................................................6 CONDOS........................................................................................................10 TOWNHOMES................................................................................................14 SINGLE FAMILY DETACHED.........................................................................18 FMLS AREA 22...........................................................................................................22 CONDOS........................................................................................................26 TOWNHOMES................................................................................................30 SINGLE FAMILY DETACHED.........................................................................34 FMLS AREA 23...........................................................................................................38 CONDOS........................................................................................................42 TOWNHOMES................................................................................................46 SINGLE FAMILY DETACHED.........................................................................50 FMLS AREA 24...........................................................................................................54 CONDOS........................................................................................................58 TOWNHOMES................................................................................................62 SINGLE FAMILY DETACHED.........................................................................66 FMLS AREA 51...........................................................................................................70 CONDOS........................................................................................................74 TOWNHOMES................................................................................................78 SINGLE FAMILY DETACHED.........................................................................82 FMLS AREA 52...........................................................................................................86 CONDOS........................................................................................................90 TOWNHOMES................................................................................................94 SINGLE FAMILY DETACHED.........................................................................98 FMLS AREA 71...........................................................................................................102 CONDOS........................................................................................................106 TOWNHOMES................................................................................................110 SINGLE FAMILY DETACHED.........................................................................114 FMLS AREA 132.........................................................................................................118 CONDOS........................................................................................................122 TOWNHOMES................................................................................................126 SINGLE FAMILY DETACHED.........................................................................130

ATLANTA MARKET INTELLIGENCE | 4Q18

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ATLANTA

21

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21

8

FMLS AREA 21 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 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.

ATLANTA

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9 9

ATLANTA MARKET INTELLIGENCE REPORT | 4Q18 | FMLS AREA 21 ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21

FMLS AREA 21

SUMMARY OF MARKET ACTIVITY

ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 21 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 25 360 30 32 95% 1

$200K $299K 69 446 37 28 96% 2

$300K $399K 44 225 19 47 96% 2

$400K $499K 38 114 10 76 95% 4

$500K $599K 22 64 5 108 94% 4

$600K $699K 23 51 4 116 96% 5

$700K $799K 22 45 4 118 96% 6

$800K $899K 23 23 2 163 95% 12

$900K $999K 6 13 1 134 93% 6

$1M $2M 27 44 4 155 92% 7

$2M $5M 14 12 1 221 87% 14

AVG/ > $5M 3 0 0 0 0% 0

TOTALS 316 1397 116 55 95% 3

SOURCE: FMLS 2019; Area 21, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 21 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 7 21 2 22 88% 4

$200K $299K 4 5 0 67 95% 10

$300K $399K 2 11 1 131 90% 2

$400K $499K 6 43 4 65 94% 2

$500K $599K 19 100 8 52 96% 2

$600K $699K 32 99 8 53 96% 4

$700K $799K 18 84 7 89 95% 3

$800K $899K 16 76 6 87 93% 3

$900K $999K 19 59 5 66 93% 4

$1M $2M 137 256 21 126 92% 6

$2M $5M 61 76 6 153 90% 10

AVG/ > $5M 11 2 0 141 96% 66

TOTALS 332 832 69 93 93% 5

SOURCE: FMLS 2019; Area 21, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

ENGEL & VÖLKERS ATLANTA

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ATLANTA

ATLANTA MARKET INTELLIGENCE AREA2121| |CONDOS CONDOS ATLANTA MARKET INTELLIGENCE || 4Q18 4Q18 || FMLS FMLS AREA

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FMLS AREA 21 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 21 decreased 5.9% on a year-over-year basis from 256 in December 2017 to 241 in December 2018. The number of new condo listings in FMLS Area 21 decreased 37.2% on a year-overyear basis from 78 in December 2017 to 49 in December 2018. The number of condo sales in FMLS Area 21 decreased 38.7% on a year-over-year basis from 93 in December 2017 to 57 in December 2018. The months of inventory for condos in FMLS Area 21 increased 53.6% on a year-over-year basis from 2.8 months in December 2017 to 4.2 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 7.2%

+ 0.7%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 5.9%

- 37.2%

- 38.7%

+ 53.6%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 8.3%

RATIO OF SP/OLP

- 7.7%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | CONDOS

11 11

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 21 decreased 5.9% on a year-over-year basis from 256 in December 2017 to 241 in December 2018.

The number of new condo listings in FMLS Area 21 decreased 37.2% on a year-over-year basis from 78 in December 2017 to 49 in December 2018.

The number of condo sales in FMLS Area 21 decreased 38.7% on a year-over-year basis from 93 in December 2017 to 57 in December 2018.

400

400

300

300

200

200

100

100

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

0

MONTHS OF INVENTORY

10

The months of inventory for condos in FMLS Area 21 increased 53.6% on a year-over-year basis from 2.8 months in December 2017 to 4.2 months in December 2018.

8 6 4 2 0

2Q16

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4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE 21 || CONDOS CONDOS ATLANTA MARKET INTELLIGENCE | |4Q18 4Q18 | |FMLS FMLS AREA AREA 21

12 12

MEDIAN SALE PRICE

+ 7.2%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$600,000

The median list price for condos in FMLS Area 21 increased 21.2% on a year-over-year basis from $221,950 in December 2017 to $269,000 in December 2018.

$500,000 $400,000

The median sale price for condos in FMLS Area 21 increased 7.2% on a year-over-year basis from $235,000 in December 2017 to $252,000 in December 2018.

$300,000 $200,000 $100,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

- 8.3%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$600,000

The average list price for condos in FMLS Area 21 increased 93.3% on a year-over-year basis from $317,691 in December 2017 to $614,088 in December 2018.

$500,000 $400,000

The average sale price for condos in FMLS Area 21 decreased 8.3% on a year-over-year basis from $372,875 in December 2017 to $342,072 in December 2018.

$300,000 $200,000 $100,000 $0

2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | CONDOS

13 13

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 7.7% 120

The median number of continuous days on market (CDOM) for condos in FMLS Area 21 decreased 7.7% on a yearover-year basis from 26 days in December 2017 to 24 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 0.7%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102%

The ratio of SP/OLP for condos in FMLS Area 21 increased 0.7% on a year-overyear basis from 96.4% in December 2017 to 97.1% in December 2018.

100% 98%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96% 94% 92%

2Q16

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4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

14 14

ATLANTA MARKET INTELLIGENCE AREA21 21 | | TOWNHOMES TOWNHOMES ATLANTA MARKET INTELLIGENCE || 4Q18 4Q18 || FMLS FMLS AREA

FMLS AREA 21 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 21 decreased 15.5% on a year-over-year basis from 84 in December 2017 to 71 in December 2018. The number of new townhome listings in FMLS Area 21 decreased 61.1% on a year-over-year basis from 18 in December 2017 to 7 in December 2018. The number of townhome sales in FMLS Area 21 decreased 31.0% on a year-over-year basis from 29 in December 2017 to 20 in December 2018. The months of inventory for townhomes in FMLS Area 21 increased 22.6% on a year-over-year basis from 2.9 months in December 2017 to 3.6 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 15.5%

- 61.1%

- 31.0%

+ 22.6%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 6.8%

- 12.6%

- 1.3%

- 5.0%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | TOWNHOMES

15 15

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | TOWNHOMES

SUPPLY DYNAMICS

150

120

The number of active townhome listings in FMLS Area 21 decreased 15.5% on a year-over-year basis from 84 in December 2017 to 71 in December 2018.

The number of new townhome listings in FMLS Area 21 decreased 61.1% on a year-over-year basis from 18 in December 2017 to 7 in December 2018.

The number of townhome sales in FMLS Area 21 decreased 31.0% on a year-over-year basis from 29 in December 2017 to 20 in December 2018.

150

120

90

90

60

60

30

30

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

0

MONTHS OF INVENTORY

10

The months of inventory for townhomes in FMLS Area 21 increased 22.6% on a yearover-year basis from 2.9 months in December 2017 to 3.6 months in December 2018.

8 6 4 2 0

2Q16

4Q16

www.evatlanta.com

2Q17

4Q17

ENGEL & VÖLKERS ATLANTA

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | TOWNHOMES ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | TOWNHOMES

16 16

MEDIAN SALE PRICE

- 6.8%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for townhomes in FMLS Area 21 increased 14.2% on a year-over-year basis from $459,500 in December 2017 to $524,900 in December 2018.

$750,000 $600,000

The median sale price for townhomes in FMLS Area 21 decreased 6.8% on a year-over-year basis from $520,292 in December 2017 to $485,075 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

- 12.6%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$900,000

The average list price for townhomes in FMLS Area 21 increased 6.7% on a year-over-year basis from $544,944 in December 2017 to $581,686 in December 2018.

$750,000 $600,000

The average sale price for townhomes in FMLS Area 21 decreased 12.6% on a year-overyear basis from $616,731 in December 2017 to $538,924 in December 2018.

$450,000 $300,000 $150,000 $0 2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | TOWNHOMES

17 17

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | TOWNHOMES MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 5.0% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 21 decreased 5.0% on a year-over-year basis from 80 days in December 2017 to 76 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 1.3%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102.0%

The ratio of SP/OLP for townhomes in FMLS Area 21 decreased 1.3% on a yearover-year basis from 97.5% in December 2017 to 96.2% in December 2018.

100.0% 98.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96.0% 94.0% 92.0%

2Q16

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4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

18 18

ATLANTA MARKET INTELLIGENCE || 4Q18 4Q18 || FMLS FMLS AREA ATLANTA MARKET INTELLIGENCE AREA2121| |SFD SFD

FMLS AREA 21

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 21 decreased 0.3% on a year-over-year basis from 349 in December 2017 to 348 in December 2018. The number of new SFD listings in FMLS Area 21 increased 92.0% on a year-over-year basis from 25 in December 2017 to 48 in December 2018. The number of SFD sales in FMLS Area 21 decreased 39.2% on a year-over-year basis from 74 in December 2017 to 45 in December 2018. The months of inventory for SFD in FMLS Area 21 increased 64.0% on a year-over-year basis from 4.7 months in December 2017 to 7.7 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 20.8%

+ 0.4%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 0.3%

+ 92.0%

- 39.2%

+ 64.0%

ENGEL & VÖLKERS ATLANTA ATLANTA

+ 10.2%

RATIO OF SP/OLP

+ 37.3%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | SFD

19 19

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 21 decreased 0.3% on a year-over-year basis from 349 in December 2017 to 348 in December 2018.

600

The number of new SFD listings in FMLS Area 21 increased 92.0% on a year-over-year basis from 25 in December 2017 to 48 in December 2018.

600

500

The number of SFD sales in FMLS Area 21 decreased 39.2% on a year-over-year basis from 74 in December 2017 to 45 in December 2018.

500

400

400

300

300

200

200

100

100

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

0

MONTHS OF INVENTORY

16

The months of inventory for SFD in FMLS Area 21 increased 64.0% on a year-over-year basis from 4.7 months in December 2017 to 7.7 months in December 2018.

12 8 4 0

2Q16

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4Q16

2Q17

4Q17

ENGEL & VÖLKERS ATLANTA

2Q18

4Q18

ATLANTA

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ATLANTA MARKET 4Q18 || FMLS FMLSAREA AREA2121| SFD | SFD ATLANTA MARKETINTELLIGENCE INTELLIGENCE || 4Q18

20

MEDIAN SALE PRICE

+ 20.8%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 21 increased 43.9% on a year-over-year basis from $749,900 in December 2017 to $1,078,924 in December 2018.

$1,500,000 $1,250,000 $1,000,000

The median sale price for SFD in FMLS Area 21 increased 20.8% on a year-over-year basis from $725,000 in December 2017 to $875,750 in December 2018.

$750,000 $500,000 $250,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

+ 10.2%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 21 increased 21.9% on a year-over-year basis from $1,035,140 in December 2017 to $1,262,267 in December 2018.

$1,500,000 $1,250,000 $1,000,000

The average sale price for SFD in FMLS Area 21 increased 10.2% on a year-over-year basis from $971,357 in December 2017 to $1,069,963 in December 2018.

$750,000 $500,000 $250,000 $0 2Q16

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA ATLANTA

4Q17

2Q18

4Q18

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | SFD

21 21

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 21 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 37.3% 120

The median number of continuous days on market (CDOM) for SFD in FMLS Area 21 increased 37.3% on a yearover-year basis from 51 days in December 2017 to 70 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 0.4%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102%

The ratio of SP/OLP for SFD in FMLS Area 21 increased 0.4% on a year-over-year basis from 93.9% in December 2017 to 94.3% in December 2018.

99%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96%

93%

90%

2Q16

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4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

22

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22

24

FMLS AREA 22 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 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 (I-75/85) to the east, the Chattahoochee River and I-285 to the west, I-75 to the north and I-20 to the south.

ATLANTA

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ATLANTA INTELLIGENCE | 4Q18| |4Q18 FMLS AREAAREA 22 22 ATLANTA MARKET MARKET INTELLIGENCE REPORT | FMLS

25 25

FMLS AREA 22

SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 22 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 33 227 19 38 91% 2

$200K $299K 30 284 24 26 99% 1

$300K $399K 30 136 11 46 99% 3

$400K $499K 21 52 4 86 98% 5

$500K $599K 16 29 2 91 99% 7

$600K $699K 9 11 1 73 100% 10

$700K $799K 3 5 0 108 97% 7

$800K $899K 10 1 0 0 100% 120

$900K $999K 1 1 0 0 100% 12

$1M $2M 4 3 0 250 89% 16

$2M $5M 1 1 0 223 89% 12

AVG/ > $5M 0 0 0 0 0% 0

TOTALS 158 750 63 42 96% 3

SOURCE: FMLS 2019; Area 22, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 22 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 64 446 37 36 95% 2

$200K $299K 33 101 8 34 96% 4

$300K $399K 15 96 8 32 98% 2

$400K $499K 12 93 8 42 97% 2

$500K $599K 12 33 3 73 99% 4

$600K $699K 16 19 2 61 97% 10

$700K $799K 5 5 0 116 93% 12

$800K $899K 0 6 1 188 96% 0

$900K $999K 4 5 0 80 92% 10

$1M $2M 6 17 1 145 90% 4

$2M $5M 3 6 1 208 85% 6

AVG/ > $5M 3 1 0 1123 58% 36

TOTALS 173 828 69 46 96% 3

SOURCE: FMLS 2019; Area 22, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

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ATLANTA MARKET INTELLIGENCE ATLANTA MARKET INTELLIGENCE| 4Q18 | 4Q18| |FMLS FMLSAREA AREA 22 22 || CONDOS CONDOS

26

FMLS AREA 22 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 22 increased 31.7% on a year-over-year basis from 82 in December 2017 to 108 in December 2018. The number of new condo listings in FMLS Area 22 increased 8.8% on a year-over-year basis from 34 in December 2017 to 37 in December 2018. The number of condo sales in FMLS Area 22 decreased 73.2% on a year-over-year basis from 56 in December 2017 to 15 in December 2018. The months of inventory for condos in FMLS Area 22 increased 391.7% on a year-over-year basis from 1.5 months in December 2017 to 7.2 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 31.7%

+ 8.8%

- 73.2%

+ 391.7%

ENGEL & VÖLKERS ATLANTA ATLANTA

- 24.4%

- 12.1%

- 0.3%

+ 80%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | CONDOS

27 27

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 22 increased 31.7% on a year-over-year basis from 82 in December 2017 to 108 in December 2018.

The number of new condo listings in FMLS Area 22 increased 8.8% on a year-over-year basis from 34 in December 2017 to 37 in December 2018.

200

200

The number of condo sales in FMLS Area 22 decreased 73.2% on a year-over-year basis from 56 in December 2017 to 15 in December 2018.

150

150

100

100

50

50

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

0

MONTHS OF INVENTORY

10

The months of inventory for condos in FMLS Area 22 increased 391.7% on a year-overyear basis from 1.5 months in December 2017 to 7.2 months in December 2018.

8 6 4 2 0

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | CONDOS ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | CONDOS

28 28

MEDIAN SALE PRICE

- 24.4%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$600,000

The median list price for condos in FMLS Area 22 increased 5.9% on a year-over-year basis from $221,950 in December 2017 to $235,000 in December 2018.

$450,000

The median sale price for condos in FMLS Area 22 decreased 24.4% on a year-over-year basis from $240,750 in December 2017 to $182,000 in December 2018.

$300,000

$150,000

$0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

- 12.1%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$600,000

The average list price for condos in FMLS Area 22 increased 7.2% on a year-over-year basis from $289,650 in December 2017 to $310,457 in December 2018.

$450,000

The average sale price for condos in FMLS Area 22 decreased 12.1% on a year-over-year basis from $268,558 in December 2017 to $235,967 in December 2018.

$300,000

$150,000

$0

2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | CONDOS

29 29

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 80.0% 120

The median number of continuous days on market (CDOM) for condos in FMLS Area 22 increased 80% on a year-overyear basis from 15 days in December 2017 to 27 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 0.3%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102%

The ratio of SP/OLP for condos in FMLS Area 22 decreased 0.3% on a year-overyear basis from 97.7% in December 2017 to 97.4% in December 2018.

100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92%

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

30 30

ATLANTA MARKET INTELLIGENCE ATLANTA MARKET INTELLIGENCE| 4Q18 | 4Q18| FMLS | FMLSAREA AREA22 22 | | TOWNHOMES TOWNHOMES

FMLS AREA 22 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 22 increased 6.0% on a year-over-year basis from 50 in December 2017 to 53 in December 2018. The number of new townhome listings in FMLS Area 22 increased 111.1% on a year-overyear basis from 9 in December 2017 to 19 in December 2018. The number of townhome sales in FMLS Area 22 decreased 52.9% on a year-over-year basis from 17 in December 2017 to 8 in December 2018. The months of inventory for townhomes in FMLS Area 22 increased 125.3% on a year-over-year basis from 2.9 months in December 2017 to 6.6 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 6.0%

+ 111.1%

- 52.9%

+ 125.3%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 24.1%

- 27.0%

- 0.8%

- 64.1%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | TOWNHOMES

31 31

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | TOWNHOMES

SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 22 increased 6.0% on a year-over-year basis from 50 in December 2017 to 53 in December 2018.

80

The number of new townhome listings in FMLS Area 22 increased 111.1% on a year-over-year basis from 9 in December 2017 to 19 in December 2018.

The number of townhome sales in FMLS Area 22 decreased 52.9% on a year-over-year basis from 17 in December 2017 to 8 in December 2018.

80

60

60

40

40

20

20

0

0 1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 22 increased 125.3% on a yearover-year basis from 2.9 months in December 2017 to 6.6 months in December 2018.

12 10 8 6 4 2 0

2Q16

www.evatlanta.com

4Q16

2Q17

4Q17

ENGEL & VÖLKERS ATLANTA

2Q18

4Q18

ATLANTA www.evatlanta.com

32 32

ATLANTA MARKET INTELLIGENCE ATLANTA MARKET INTELLIGENCE| 4Q18 | 4Q18| |FMLS FMLSAREA AREA 22 22 || TOWNHOMES TOWNHOMES

MEDIAN SALE PRICE

- 24.1%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$600,000

The median list price for townhomes in FMLS Area 22 increased 0.1% on a year-over-year basis from $419,900 in December 2017 to $420,900 in December 2018.

$500,000 $400,000

The median sale price for townhomes in FMLS Area 22 decreased 24.1% on a year-overyear basis from $329,000 in December 2017 to $249,700 in December 2018.

$300,000 $200,000 $100,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

- 27.0%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for townhomes in FMLS Area 22 decreased 18.4% on a year-over-year basis from $500,460 in December 2017 to $408,358 in December 2018.

$600,000 $500,000 $400,000

The average sale price for townhomes in FMLS Area 22 decreased 27% on a year-over-year basis from $336,653 in December 2017 to $245,913 in December 2018.

$300,000 $200,000 $100,000 $0

2Q16

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | TOWNHOMES

33

33

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | TOWNHOMES MEDIAN CDOM

- 64.1%

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET The median number of continuous days on market (CDOM) for townhomes in FMLS Area 22 decreased 64.1% on a year-over-year basis from 39 days in December 2017 to 14 days in December 2018.

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 0.8%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for townhomes in FMLS Area 22 decreased 0.8% on a yearover-year basis from 100.0% in December 2017 to 99.2% in December 2018.

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

A neutral market will have a ratio of roughly 95%. Ratios below 95% indicate a buyer’s market and ratios above 95% indicate a seller’s market.

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ENGEL & VÖLKERS ATLANTA

ATLANTA

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ATLANTA MARKET INTELLIGENCE AREA2222| |SFD SFD ATLANTA MARKET INTELLIGENCE || 4Q18 4Q18 || FMLS FMLS AREA

34 34

FMLS AREA 22

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 22 increased 1.6% on a year-over-year basis from 186 in December 2017 to 189 in December 2018. The number of new SFD listings in FMLS Area 22 increased 17.9% on a year-over-year basis from 56 in December 2017 to 66 in December 2018. The number of SFD sales in FMLS Area 22 decreased 32.3% on a year-over-year basis from 65 in December 2017 to 44 in December 2018. The months of inventory for SFD in FMLS Area 22 increased 50.1% on a year-over-year basis from 2.9 months in December 2017 to 4.3 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 37.9%

+ 3.2%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 1.6%

+ 17.9%

- 32.3%

+ 50.1%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 0.5%

RATIO OF SP/OLP

+ 3.6%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | SFD

35 35

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 22 increased 1.6% on a year-over-year basis from 186 in December 2017 to 189 in December 2018.

400

The number of new SFD listings in FMLS Area 22 increased 17.9% on a year-over-year basis from 56 in December 2017 to 66 in December 2018.

400

The number of SFD sales in FMLS Area 22 decreased 32.3% on a year-over-year basis from 65 in December 2017 to 44 in December 2018.

300

300

200

200

100

100

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

0

MONTHS OF INVENTORY

10

The months of inventory for SFD in FMLS Area 22 increased 50.1% on a year-over-year basis from 2.9 months in December 2017 to 4.3 months in December 2018.

8 6 4 2 0

2Q16

www.evatlanta.com

4Q16

2Q17

4Q17

ENGEL & VÖLKERS ATLANTA

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE 22 | | SFD SFD ATLANTA MARKET INTELLIGENCE | | 4Q18 4Q18 || FMLS FMLS AREA AREA 22

36 36

MEDIAN SALE PRICE

+ 37.9%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for SFD in FMLS Area 22 increased 84.1% on a year-over-year basis from $97,450 in December 2017 to $179,450 in December 2018.

$750,000 $600,000 $450,000

The median sale price for SFD in FMLS Area 22 increased 37.9% on a year-over-year basis from $145,000 in December 2017 to $199,900 in December 2018.

$300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

- 0.5%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$900,000

The average list price for SFD in FMLS Area 22 decreased 2.1% on a year-over-year basis from $231,291 in December 2017 to $226,495 in December 2018.

$750,000 $600,000 $450,000

The average sale price for SFD in FMLS Area 22 decreased 0.5% on a year-over-year basis from $252,901 in December 2017 to $251,723 in December 2018.

$300,000 $150,000 $0 2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | SFD

37 37

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 22 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 3.6% 120

The median number of continuous days on market (CDOM) for SFD in FMLS Area 22 increased 3.6% on a year-overyear basis from 28 days in December 2017 to 29 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

RATIO OF SP/OLP

+ 3.2%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102%

The ratio of SP/OLP for SFD in FMLS Area 22 increased 3.2% on a year-over-year basis from 93.8% in December 2017 to 96.8% in December 2018.

100% 98%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96% 94% 92%

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

23

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23

40

FMLS AREA 23 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 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 (I75/85) to the west, the Fulton/DeKalb line to the east, I-85 to the north, and I-20 to the south.

ATLANTA

www.evatlanta.com

41 41

ATLANTAMARKET MARKET INTELLIGENCE REPORT FMLS AREA ATLANTA INTELLIGENCE | 4Q18| | 4Q18 FMLS| AREA 23 23

FMLS AREA 23

SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 23 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 30 246 21 34 97% 1

$200K $299K 63 496 41 24 82% 2

$300K $399K 54 315 26 28 99% 2

$400K $499K 32 177 15 33 99% 2

$500K $599K 29 81 7 56 99% 4

$600K $699K 15 58 5 94 97% 3

$700K $799K 10 23 2 102 98% 5

$800K $899K 11 13 1 56 98% 10

$900K $999K 4 7 1 52 95% 7

$1M $2M 19 13 1 129 97% 18

$2M $5M 7 2 0 294 104% 42

AVG/ > $5M 0 0 0 0 0% 0

TOTALS 274 1431 119 34 92% 2

SOURCE: FMLS 2019; Area 23, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 23 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 10 19 2 13 94% 6

$200K $299K 3 10 1 44 83% 4

$300K $399K 2 32 3 27 96% 1

$400K $499K 13 47 4 35 98% 3

$500K $599K 14 58 5 32 96% 3

$600K $699K 17 57 5 37 97% 4

$700K $799K 13 49 4 43 96% 3

$800K $899K 16 32 3 55 96% 6

$900K $999K 8 40 3 79 96% 2

$1M $2M 49 110 9 101 95% 5

$2M $5M 8 13 1 117 97% 7

AVG/ > $5M 0 0 0 0 0% 0

TOTALS 153 467 39 58 96% 4

SOURCE: FMLS 2019; Area 23, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

ENGEL & VÖLKERS ATLANTA

www.evatlanta.com

www.evatlanta.com

ATLANTA

ATLANTA MARKET INTELLIGENCE ATLANTA MARKET INTELLIGENCE| 4Q18 | 4Q18| FMLS | FMLSAREA AREA 23 23 || CONDOS CONDOS

42

FMLS AREA 23 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 23 increased 50.3% on a year-over-year basis from 149 in December 2017 to 224 in December 2018. The number of new condo listings in FMLS Area 23 decreased 10.5% on a year-overyear basis from 76 in December 2017 to 68 in December 2018. The number of condo sales in FMLS Area 23 decreased 44.4% on a year-over-year basis from 99 in December 2017 to 55 in December 2018. The months of inventory for condos in FMLS Area 23 increased 170.6% on a year-over-year basis from 1.5 months in December 2017 to 4.1 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 6.2%

+ 0.6%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 50.3%

- 10.5%

- 44.4%

+ 170.6%

ENGEL & VÖLKERS ATLANTA ATLANTA

- 3.0%

RATIO OF SP/OLP

+ 41.2%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | CONDOS

43 43

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 23 increased 50.3% on a year-over-year basis from 149 in December 2017 to 224 in December 2018.

The number of new condo listings in FMLS Area 23 decreased 10.5% on a year-over-year basis from 76 in December 2017 to 68 in December 2018.

400

400

The number of condo sales in FMLS Area 23 decreased 44.4% on a year-over-year basis from 99 in December 2017 to 55 in December 2018.

300

300

200

200

100

100

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

0

MONTHS OF INVENTORY

10

The months of inventory for condos in FMLS Area 23 increased 170.6% on a year-overyear basis from 1.5 months in December 2017 to 4.1 months in December 2018.

8 6 4 2 0

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE 23 || CONDOS ATLANTA MARKET INTELLIGENCE| |4Q18 4Q18| |FMLS FMLSAREA AREA 23 CONDOS

44

MEDIAN SALE PRICE

+ 6.2%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for condos in FMLS Area 23 increased 4.5% on a year-over-year basis from $289,450 in December 2017 to $302,450 in December 2018.

$750,000 $600,000

The median sale price for condos in FMLS Area 23 increased 6.2% on a year-over-year basis from $267,500 in December 2017 to $284,000 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

- 3.0%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$900,000

The average list price for condos in FMLS Area 23 increased 0.5% on a year-over-year basis from $336,429 in December 2017 to $338,100 in December 2018.

$750,000 $600,000

The average sale price for condos in FMLS Area 23 decreased 3.0% on a year-over-year basis from $328,706 in December 2017 to $318,685 in December 2018.

$450,000 $300,000 $150,000 $0 2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | CONDOS

45 45

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 41.2% 120

The median number of continuous days on market (CDOM) for condos in FMLS Area 23 increased 41.2% on a yearover-year basis from 17 days in December 2017 to 24 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

RATIO OF SP/OLP

+ 0.6%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102%

The ratio of SP/OLP for condos in FMLS Area 23 increased 0.6% on a year-overyear basis from 97.1% in December 2017 to 97.7% in December 2018.

100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92%

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

46 46

ATLANTA MARKET INTELLIGENCE 23 || TOWNHOMES ATLANTA MARKET INTELLIGENCE| |4Q18 4Q18| |FMLS FMLSAREA AREA 23 TOWNHOMES

FMLS AREA 23 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 23 increased 32.5% on a year-over-year basis from 40 in December 2017 to 53 in December 2018. The number of new townhome listings in FMLS Area 23 decreased 21.4% on a year-over-year basis from 14 in December 2017 to 11 in December 2018. The number of townhome sales in FMLS Area 23 decreased 55.6% on a year-over-year basis from 18 in December 2017 to 8 in December 2018. The months of inventory for townhomes in FMLS Area 23 increased 198.1% on a year-over-year basis from 2.2 months in December 2017 to 6.6 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 32.5%

- 21.4%

- 55.6%

+ 198.1%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 1.7%

- 2.7%

- 1.2%

- 12.0%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | TOWNHOMES

47 47

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | TOWNHOMES

SUPPLY DYNAMICS

60

48

The number of active townhome listings in FMLS Area 23 increased 32.5% on a year-over-year basis from 40 in December 2017 to 53 in December 2018.

The number of new townhome listings in FMLS Area 23 decreased 21.4% on a year-over-year basis from 14 in December 2017 to 11 in December 2018.

60

The number of townhome sales in FMLS Area 23 decreased 55.6% on a year-over-year basis from 18 in December 2017 to 8 in December 2018.

48

36

36

24

24

12

12

0

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

MONTHS OF INVENTORY

10

The months of inventory for townhomes in FMLS Area 23 increased 198.1% on a yearover-year basis from 2.2 months in December 2017 to 6.6 months in December 2018.

8 6 4 2 0

2Q16

www.evatlanta.com

4Q16

2Q17

4Q17

ENGEL & VÖLKERS ATLANTA

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | TOWNHOMES ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | TOWNHOMES

48 48

MEDIAN SALE PRICE

- 1.7%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for townhomes in FMLS Area 23 increased 42.8% on a year-over-year basis from $489,500 in December 2017 to $699,000 in December 2018.

$750,000 $600,000

The median sale price for townhomes in FMLS Area 23 decreased 1.7% on a year-over-year basis from $460,000 in December 2017 to $452,050 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

- 2.7%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$900,000

The average list price for townhomes in FMLS Area 23 increased 27.7% on a year-over-year basis from $513,400 in December 2017 to $655,808 in December 2018.

$750,000 $600,000

The average sale price for townhomes in FMLS Area 23 decreased 2.7% on a year-over-year basis from $499,376 in December 2017 to $485,775 in December 2018.

$450,000 $300,000 $150,000 $0 2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | TOWNHOMES

49 49

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | TOWNHOMES MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 12.0% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 23 decreased 12.0% on a year-over-year basis from 25 days in December 2017 to 22 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 1.2%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

105.0%

The ratio of SP/OLP for townhomes in FMLS Area 23 decreased 1.2% on a yearover-year basis from 100% in December 2017 to 98.8% in December 2018.

102.0% 99.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96.0% 93.0% 90.0%

2Q16

4Q16

2Q17

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE AREA2323| |SFD SFD ATLANTA MARKET INTELLIGENCE || 4Q18 4Q18 || FMLS FMLS AREA

50 50

FMLS AREA 23

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 23 increased 14.8% on a year-over-year basis from 135 in December 2017 to 155 in December 2018. The number of new SFD listings in FMLS Area 23 increased 17.9% on a year-over-year basis from 28 in December 2017 to 33 in December 2018. The number of SFD sales in FMLS Area 23 decreased 44.4% on a year-over-year basis from 45 in December 2017 to 25 in December 2018. The months of inventory for SFD in FMLS Area 23 increased 106.7% on a year-over-year basis from 3.0 months in December 2017 to 6.2 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 25.3%

+ 0.7%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 14.8%

+ 17.9%

- 44.4%

+ 106.7%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 26.7%

RATIO OF SP/OLP

- 16.1%

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | SFD

51 51

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 23 increased 14.8% on a year-over-year basis from 135 in December 2017 to 155 in December 2018.

The number of new SFD listings in FMLS Area 23 increased 17.9% on a year-over-year basis from 28 in December 2017 to 33 in December 2018.

250

250

The number of SFD sales in FMLS Area 23 decreased 44.4% on a year-over-year basis from 45 in December 2017 to 25 in December 2018.

200

200

150

150

100

100

50

50

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

0

MONTHS OF INVENTORY

10

The months of inventory for SFD in FMLS Area 23 increased 106.7% on a year-overyear basis from 3.0 months in December 2017 to 6.2 months in December 2018.

8 6 4 2 0

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE 23 || SFD SFD ATLANTA MARKET INTELLIGENCE | |4Q18 4Q18 | | FMLS FMLS AREA AREA 23

52 52

MEDIAN SALE PRICE

+ 25.3%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 23 decreased 28% on a year-over-year basis from $937,450 in December 2017 to $675,000 in December 2018.

$1,250,000 $1,000,000 $750,000

The median sale price for SFD in FMLS Area 23 increased 25.3% on a year-over-year basis from $760,000 in December 2017 to $952,500 in December 2018.

$500,000 $250,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

+ 26.7%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 23 decreased 23.5% on a year-over-year basis from $925,893 in December 2017 to $708,595 in December 2018.

$1,250,000 $1,000,000

The average sale price for SFD in FMLS Area 23 increased 26.7% on a year-over-year basis from $750,944 in December 2017 to $951,298 in December 2018.

$750,000 $500,000 $250,000 $0

2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | SFD

53 53

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 23 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 16.1% 120

The median number of continuous days on market (CDOM) for SFD in FMLS Area 23 decreased 16.1% on a yearover-year basis from 31 days in December 2017 to 26 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

RATIO OF SP/OLP

+ 0.7%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102%

The ratio of SP/OLP for SFD in FMLS Area 23 increased 0.7% on a year-over-year basis from 96.3% in December 2017 to 97.0% in December 2018.

100% 98%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96% 94% 92%

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

24

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 24

56

FMLS AREA 24 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 85

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.

ATLANTA

www.evatlanta.com

57 57

ATLANTAMARKET MARKET INTELLIGENCE REPORT FMLS AREA ATLANTA INTELLIGENCE | 4Q18| | 4Q18 FMLS| AREA 24 24

FMLS AREA 24

SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 24 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 3 39 3 37 98% 1

$200K $299K 6 59 5 13 101% 1

$300K $399K 1 49 4 17 100% 0

$400K $499K 23 31 3 62 97% 9

$500K $599K 11 38 3 72 100% 3

$600K $699K 1 6 1 50 98% 2

$700K $799K 0 0 0 0 0% 0

$800K $899K 1 0 0 0 0% 0

$900K $999K 0 0 0 0 0% 0

$1M $2M 0 0 0 0 0% 0

$2M $5M 0 0 0 0 0% 0

AVG/ > $5M 0 0 0 0 0% 0

TOTALS 46 222 19 32 99% 2

SOURCE: FMLS 2019; Area 24, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 24 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 8 30 3 63 95% 3

$200K $299K 13 96 8 46 95% 2

$300K $399K 33 155 13 29 98% 3

$400K $499K 20 149 12 44 99% 2

$500K $599K 15 104 9 61 99% 2

$600K $699K 14 58 5 58 98% 3

$700K $799K 6 45 4 41 98% 2

$800K $899K 6 17 1 77 97% 4

$900K $999K 4 8 1 19 96% 6

$1M $2M 5 19 2 89 92% 3

$2M $5M 1 0 0 0 0% 0

AVG/ > $5M 0 0 0 0 0% 0

TOTALS 125 681 57 47 97% 2

SOURCE: FMLS 2019; Area 24, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

ENGEL & VÖLKERS ATLANTA

www.evatlanta.com

www.evatlanta.com

ATLANTA

ATLANTA MARKET INTELLIGENCE ATLANTA MARKET INTELLIGENCE| 4Q18 | 4Q18| FMLS | FMLSAREA AREA 24 24 || CONDOS CONDOS

58

FMLS AREA 24 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 24 increased 50% on a year-over-year basis from 6 in December 2017 to 9 in December 2018. The number of new condo listings in FMLS Area 24 increased 50% on a year-over-year basis from 4 in December 2017 to 6 in December 2018. The number of condo sales in FMLS Area 24 decreased 66.7% on a year-over-year basis from 6 in December 2017 to 2 in December 2018. The months of inventory for condos in FMLS Area 24 increased 350% on a year-over-year basis from 1.0 months in December 2017 to 4.5 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 16%

+ 0.4%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 50%

+ 50%

- 66.7%

+ 350%

ENGEL & VÖLKERS ATLANTA ATLANTA

+ 8%

RATIO OF SP/OLP

- 6%

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 24 | CONDOS

59 59

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 24 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 24 increased 50% on a year-over-year basis from 6 in December 2017 to 9 in December 2018.

The number of new condo listings in FMLS Area 24 increased 50% on a year-over-year basis from 4 in December 2017 to 6 in December 2018.

50

50

The number of condo sales in FMLS Area 24 decreased 66.7% on a year-over-year basis from 6 in December 2017 to 2 in December 2018.

40

40

30

30

20

20

10

10

0

0 1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

MONTHS OF INVENTORY

10

The months of inventory for condos in FMLS Area 24 increased 350% on a year-over-year basis from 1.0 months in December 2017 to 4.5 months in December 2018.

8 6 4 2 0

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE 24 || CONDOS CONDOS ATLANTA MARKET INTELLIGENCE| |4Q18 4Q18 | |FMLS FMLS AREA AREA 24

60 60

MEDIAN SALE PRICE

+ 16.0%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for condos in FMLS Area 24 decreased 14.4% on a year-over-year basis from $279,950 in December 2017 to $239,500 in December 2018.

$750,000 $600,000

The median sale price for condos in FMLS Area 24 increased 16.0% on a year-over-year basis from $250,000 in December 2017 to $289,950 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

+ 8.0%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$900,000

The average list price for condos in FMLS Area 24 decreased 3.7% on a year-over-year basis from $282,700 in December 2017 to $272,317 in December 2018.

$750,000 $600,000

The average sale price for condos in FMLS Area 24 increased 8% on a year-over-year basis from $268,500 in December 2017 to $289,950 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 24 | CONDOS

61 61

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 24 | CONDOS MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 6.0%

The median number of continuous days on market (CDOM) for condos in FMLS Area 24 decreased 6% on a year-overyear basis from 17 days in December 2017 to 16 days in December 2018.

120

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 0.4%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

103%

The ratio of SP/OLP for condos in FMLS Area 24 increased 0.4% on a year-overyear basis from 99.6% in December 2017 to 100% in December 2018.

101%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

99% 97% 95% 93%

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

62 62

ATLANTA MARKET INTELLIGENCE ATLANTA MARKET INTELLIGENCE| 4Q18 | 4Q18| |FMLS FMLSAREA AREA 24 24 || TOWNHOMES TOWNHOMES

FMLS AREA 24 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 24 increased 60.9% on a year-over-year basis from 23 in December 2017 to 37 in December 2018. The number of new townhome listings in FMLS Area 24 increased 33.3% on a year-over-year basis from 6 in December 2017 to 8 in December 2018. The number of townhome sales in FMLS Area 24 increased 450% on a year-over-year basis from 2 in December 2017 to 11 in December 2018. The months of inventory for townhomes in FMLS Area 24 decreased 70.8% on a year-over-year basis from 11.5 months in December 2017 to 3.4 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 60.9%

+ 33.3%

+ 450%

- 70.8%

ENGEL & VÖLKERS ATLANTA ATLANTA

+ 32.4%

+ 28.8%

- 2.2%

+ 1366.7%

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 24 | TOWNHOMES

63 63

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 24 | TOWNHOMES

SUPPLY DYNAMICS

50

40

The number of active townhome listings in FMLS Area 24 increased 60.9% on a year-over-year basis from 23 in December 2017 to 37 in December 2018.

The number of new townhome listings in FMLS Area 24 increased 33.3% on a year-over-year basis from 6 in December 2017 to 8 in December 2018.

50

The number of townhome sales in FMLS Area 24 increased 450% on a year-over-year basis from 2 in December 2017 to 11 in December 2018.

40

30

30

20

20

10

10

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

0

MONTHS OF INVENTORY

16

The months of inventory for townhomes in FMLS Area 24 decreased 70.8% on a yearover-year basis from 11.5 months in December 2017 to 3.4 months in December 2018.

12 8 4 0

2Q16

www.evatlanta.com

4Q16

2Q17

4Q17

ENGEL & VÖLKERS ATLANTA

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE ATLANTA MARKET INTELLIGENCE| 4Q18 | 4Q18| |FMLS FMLSAREA AREA 24 24 || TOWNHOMES TOWNHOMES

64

MEDIAN SALE PRICE

+ 32.4%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for townhomes in FMLS Area 24 decreased 1.7% on a year-over-year basis from $503,750 in December 2017 to $495,100 in December 2018.

$750,000 $600,000

The median sale price for townhomes in FMLS Area 24 increased 32.4% on a year-over-year basis from $377,500 in December 2017 to $499,900 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

+ 28.8%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$900,000

The average list price for townhomes in FMLS Area 24 decreased 4.7% on a year-over-year basis from $435,900 in December 2017 to $415,414 in December 2018.

$750,000 $600,000

The average sale price for townhomes in FMLS Area 24 increased 28.8% on a year-over-year basis from $377,500 in December 2017 to $486,074 in December 2018.

$450,000 $300,000 $150,000 $0 2Q16

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 24 | TOWNHOMES

65 65

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 24 | TOWNHOMES MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 1366.7% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 24 increased 1366.7% on a year-over-year basis from 3 days in December 2017 to 44 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 2.2%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

104.0%

The ratio of SP/OLP for townhomes in FMLS Area 24 decreased 2.2% on a yearover-year basis from 100.2% in December 2017 to 98.0% in December 2018.

102.0% 100.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98.0% 96.0% 94.0% 92.0%

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE AREA2424| |SFD SFD ATLANTA MARKET INTELLIGENCE || 4Q18 4Q18 || FMLS FMLS AREA

66

FMLS AREA 24

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 24 increased 2.4% on a year-over-year basis from 127 in December 2017 to 130 in December 2018. The number of new SFD listings in FMLS Area 24 increased 7.9% on a year-over-year basis from 38 in December 2017 to 41 in December 2018. The number of SFD sales in FMLS Area 24 decreased 29.8% on a year-over-year basis from 47 in December 2017 to 33 in December 2018. The months of inventory for SFD in FMLS Area 24 increased 45.8% on a year-over-year basis from 2.7 months in December 2017 to 3.9 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 2.4%

+ 7.9%

- 29.8%

+ 45.8%

ENGEL & VÖLKERS ATLANTA ATLANTA

+ 29.7%

+ 17.1%

- 0.9%

- 6.9%

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 24 | SFD

67 67

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 24 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 24 increased 2.4% on a year-over-year basis from 127 in December 2017 to 130 in December 2018.

The number of new SFD listings in FMLS Area 24 increased 7.9% on a year-over-year basis from 38 in December 2017 to 41 in December 2018.

250

250

The number of SFD sales in FMLS Area 24 decreased 29.8% on a year-over-year basis from 47 in December 2017 to 33 in December 2018.

200

200

150

150

100

100

50

50

0

0 1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

MONTHS OF INVENTORY 10

The months of inventory for SFD in FMLS Area 24 increased 45.8% on a year-over-year basis from 2.7 months in December 2017 to 3.9 months in December 2018.

8 6 4 2 0

2Q16

www.evatlanta.com

4Q16

2Q17

4Q17

ENGEL & VÖLKERS ATLANTA

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE AREA24 24| | SFD SFD ATLANTA MARKET INTELLIGENCE || 4Q18 4Q18 || FMLS FMLS AREA

68 68

MEDIAN SALE PRICE

+ 29.7%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 24 increased 15.7% on a year-over-year basis from $414,900 in December 2017 to $479,900 in December 2018.

$900,000 $750,000 $600,000

The median sale price for SFD in FMLS Area 24 increased 29.7% on a year-over-year basis from $374,000 in December 2017 to $485,000 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

+ 17.1%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 24 increased 5.4% on a year-over-year basis from $482,573 in December 2017 to $508,512 in December 2018.

$900,000 $750,000 $600,000

The average sale price for SFD in FMLS Area 24 increased 17.1% on a year-over-year basis from $415,757 in December 2017 to $486,970 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 24 | SFD

69 69

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 24 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 6.9%

The median number of continuous days on market (CDOM) for SFD in FMLS Area 24 decreased 6.9% on a yearover-year basis from 29 days in December 2017 to 27 days in December 2018.

120

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 0.3%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 24 decreased 0.9% on a year-over-year basis from 96.9% in December 2017 to 96.0% in December 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92%

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

51

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51

72

FMLS AREA 51 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 85

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.

ATLANTA

www.evatlanta.com

73 73

ATLANTAMARKET MARKET INTELLIGENCE REPORT FMLS AREA ATLANTA INTELLIGENCE | 4Q18| | 4Q18 FMLS| AREA 51 51

FMLS AREA 51

SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 51 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 16 84 7 24 97% 2

$200K $299K 21 162 14 27 98% 2

$300K $399K 13 80 7 38 98% 2

$400K $499K 55 147 12 73 98% 4

$500K $599K 17 62 5 94 97% 3

$600K $699K 5 16 1 106 89% 4

$700K $799K 1 6 1 70 101% 2

$800K $899K 8 3 0 93 96% 32

$900K $999K 1 0 0 0 0% 0

$1M $2M 3 3 0 2 103% 12

$2M $5M 0 0 0 0 0% 0

AVG/ > $5M 0 0 0 0 0% 0

TOTALS 140 563 47 48 97% 3

SOURCE: FMLS 2019; Area 51, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 51 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 4 28 2 22 87% 2

$200K $299K 13 70 6 39 96% 2

$300K $399K 41 156 13 36 95% 3

$400K $499K 19 156 13 30 97% 1

$500K $599K 22 137 11 46 97% 2

$600K $699K 22 93 8 69 97% 3

$700K $799K 20 86 7 84 98% 3

$800K $899K 15 65 5 63 97% 3

$900K $999K 22 38 3 76 96% 7

$1M $2M 26 50 4 105 95% 6

$2M $5M 3 2 0 21 95% 18

AVG/ > $5M 0 0 0 0 0% 0

TOTALS 207 881 73 52 96% 3

SOURCE: FMLS 2019; Area 51, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

ENGEL & VÖLKERS ATLANTA

www.evatlanta.com

www.evatlanta.com

ATLANTA

ATLANTA MARKET INTELLIGENCE ATLANTA MARKET INTELLIGENCE| 4Q18 | 4Q18| FMLS | FMLSAREA AREA 51 51 || CONDOS CONDOS

74 74

FMLS AREA 51 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 51 increased 89.5% on a year-over-year basis from 19 in December 2017 to 36 in December 2018. The number of new condo listings in FMLS Area 51 increased 40.0% on a year-over-year basis from 10 in December 2017 to 14 in December 2018. The number of condo sales in FMLS Area 51 decreased 57.7% on a year-over-year basis from 26 in December 2017 to 11 in December 2018. The months of inventory for condos in FMLS Area 51 increased 347.8% on a year-over-year basis from 0.7 months in December 2017 to 3.3 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 89.5%

+ 40.0%

- 57.7%

+ 347.8%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 12.6%

+ 12.1%

- 2.8%

+ 109.5%

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | CONDOS

75 75

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 51 increased 89.5% on a year-over-year basis from 19 in December 2017 to 36 in December 2018.

The number of new condo listings in FMLS Area 51 increased 40.0% on a year-over-year basis from 10 in December 2017 to 14 in December 2018.

The number of condo sales in FMLS Area 51 decreased 57.7% on a year-over-year basis from 26 in December 2017 to 11 in December 2018.

100

100

80

80

60

60

40

40

20

20

0

0 1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

MONTHS OF INVENTORY

10

The months of inventory for condos in FMLS Area 51 increased 347.8% on a year-overyear basis from 0.7 months in December 2017 to 3.3 months in December 2018.

8 6 4 2 0

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | CONDOS ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | CONDOS

76 76

MEDIAN SALE PRICE

+ 12.6%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for condos in FMLS Area 51 increased 9.6% on a year-over-year basis from $182,500 in December 2017 to $200,000 in December 2018.

$750,000 $600,000

The median sale price for condos in FMLS Area 51 increased 12.6% on a year-over-year basis from $226,375 in December 2017 to $255,000 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

+ 12.1%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$900,000

The average list price for condos in FMLS Area 51 increased 5.2% on a year-over-year basis from $199,960 in December 2017 to $210,300 in December 2018.

$750,000 $600,000

The average sale price for condos in FMLS Area 51 increased 12.1% on a year-over-year basis from $216,613 in December 2017 to $242,900 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | CONDOS

77 77

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 109.5%

The median number of continuous days on market (CDOM) for condos in FMLS Area 51 increased 109.5% on a yearover-year basis from 21 days in December 2017 to 44 days in December 2018.

120

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 2.8%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102%

The ratio of SP/OLP for condos in FMLS Area 51 decreased 2.8% on a year-overyear basis from 98.5% in December 2017 to 95.7% in December 2018.

100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92%

2Q16

4Q16

2Q17

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

78

ATLANTA MARKET INTELLIGENCE 51 || TOWNHOMES ATLANTA MARKET INTELLIGENCE| |4Q18 4Q18| |FMLS FMLSAREA AREA 51 TOWNHOMES

FMLS AREA 51 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 51 increased 5.2% on a year-over-year basis from 96 in December 2017 to 101 in December 2018. The number of new townhome listings in FMLS Area 51 increased 33.3% on a year-overyear basis from 12 in December 2017 to 16 in December 2018. The number of townhome sales in FMLS Area 51 increased 13.3% on a year-over-year basis from 15 in December 2017 to 17 in December 2018. The months of inventory for townhomes in FMLS Area 51 decreased 7.2% on a year-over-year basis from 6.4 months in December 2017 to 5.9 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 2.3%

+ 0.8%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 5.2%

+ 33.3%

+ 13.3%

- 7.2%

ENGEL & VÖLKERS ATLANTA ATLANTA

+ 14.3%

RATIO OF SP/OLP

+ 16.0%

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | TOWNHOMES

79 79

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | TOWNHOMES

SUPPLY DYNAMICS

120

100

The number of active townhome listings in FMLS Area 51 increased 5.2% on a year-over-year basis from 96 in December 2017 to 101 in December 2018.

The number of new townhome listings in FMLS Area 51 increased 33.3% on a year-over-year basis from 12 in December 2017 to 16 in December 2018.

The number of townhome sales in FMLS Area 51 increased 13.3% on a year-over-year basis from 15 in December 2017 to 17 in December 2018.

120

100

80

80

60

60

40

40

20

20

0

0 1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 51 decreased 7.2% on a yearover-year basis from 6.4 months in December 2017 to 5.9 months in December 2018.

10 8 6 4 2 0

2Q16

4Q16

www.evatlanta.com

2Q17

4Q17

ENGEL & VÖLKERS ATLANTA

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | TOWNHOMES ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | TOWNHOMES

80 80

MEDIAN SALE PRICE

+ 2.3%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$750,000

The median list price for townhomes in FMLS Area 51 decreased 15.4% on a year-over-year basis from $517,400 in December 2017 to $437,500 in December 2018.

$600,000 $450,000

The median sale price for townhomes in FMLS Area 51 increased 2.3% on a year-over-year basis from $446,000 in December 2017 to $456,321 in December 2018.

$300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

+ 14.3%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$750,000

The average list price for townhomes in FMLS Area 51 increased 0.7% on a year-over-year basis from $493,340 in December 2017 to $496,744 in December 2018.

$600,000 $450,000

The average sale price for townhomes in FMLS Area 51 increased 14.3% on a year-over-year basis from $422,165 in December 2017 to $482,692 in December 2018.

$300,000 $150,000 $0

2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | TOWNHOMES

81 81

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | TOWNHOMES MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 16.0% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 51 increased 16.0% on a year-over-year basis from 25 days in December 2017 to 29 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 0.8%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102.0%

The ratio of SP/OLP for townhomes in FMLS Area 51 increased 0.8% on a yearover-year basis from 96.8% in December 2017 to 97.6% in December 2018.

100.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98.0%

96.0%

94.0%

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE AREA5151| |SFD SFD ATLANTA MARKET INTELLIGENCE || 4Q18 4Q18 || FMLS FMLS AREA

82

FMLS AREA 51

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 51 increased 12.0% on a year-over-year basis from 184 in December 2017 to 206 in December 2018. The number of new SFD listings in FMLS Area 51 increased 86.1% on a year-over-year basis from 36 in December 2017 to 67 in December 2018. The number of SFD sales in FMLS Area 51 decreased 21.4% on a year-over-year basis from 70 in December 2017 to 55 in December 2018. The months of inventory for SFD in FMLS Area 51 increased 42.5% on a year-over-year basis from 2.6 months in December 2017 to 3.7 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 27.4%

+ 0.1%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 12.0%

+ 86.1%

- 21.4%

+ 42.5%

ENGEL & VÖLKERS ATLANTA ATLANTA

+ 22.2%

RATIO OF SP/OLP

+ 91.3%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | SFD

83 83

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 51 increased 12.0% on a year-over-year basis from 184 in December 2017 to 206 in December 2018.

The number of new SFD listings in FMLS Area 51 increased 86.1% on a year-over-year basis from 36 in December 2017 to 67 in December 2018.

400

400

The number of SFD sales in FMLS Area 51 decreased 21.4% on a year-over-year basis from 70 in December 2017 to 55 in December 2018.

300

300

200

200

100

100

0

0 1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

MONTHS OF INVENTORY 10

The months of inventory for SFD in FMLS Area 51 increased 42.5% on a year-over-year basis from 2.6 months in December 2017 to 3.7 months in December 2018

8 6 4 2 0

2Q16

www.evatlanta.com

4Q16

2Q17

4Q17

ENGEL & VÖLKERS ATLANTA

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE 51 | | SFD SFD ATLANTA MARKET INTELLIGENCE | | 4Q18 4Q18 || FMLS FMLS AREA AREA 51

84 84

MEDIAN SALE PRICE

+ 27.4%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 51 decreased 12.3% on a year-over-year basis from $625,000 in December 2017 to $548,000 in December 2018.

$900,000 $750,000 $600,000

The median sale price for SFD in FMLS Area 51 increased 27.4% on a year-over-year basis from $392,500 in December 2017 to $500,000 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

+ 22.2%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 51 decreased 5.0% on a year-over-year basis from $640,108 in December 2017 to $608,221 in December 2018.

$900,000 $750,000 $600,000

The average sale price for SFD in FMLS Area 51 increased 22.2% on a year-over-year basis from $443,741 in December 2017 to $542,449 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | SFD

85 85

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 51 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 91.3%

The median number of continuous days on market (CDOM) for SFD in FMLS Area 51 increased 91.3% on a yearover-year basis from 23 days in December 2017 to 44 days in December 2018.

120

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 0.1%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 51 increased 0.1% on a year-over-year basis from 97.2% in December 2017 to 97.3% in December 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92%

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

52

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52

88

FMLS AREA 52 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 85

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.

ATLANTA

www.evatlanta.com

89 89

ATLANTA MARKET INTELLIGENCE REPORT | 4Q18 | FMLS AREA 52 ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52

FMLS AREA 52

SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 52 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 38 286 24 24 94% 2

$200K $299K 15 137 11 21 99% 1

$300K $399K 12 93 8 21 98% 2

$400K $499K 19 79 7 70 96% 3

$500K $599K 12 17 1 92 97% 8

$600K $699K 4 13 1 32 100% 4

$700K $799K 2 7 1 66 99% 3

$800K $899K 5 1 0 0 100% 60

$900K $999K 0 7 1 18 100% 0

$1M $2M 0 0 0 0 0% 0

$2M $5M 0 0 0 0 0% 0

AVG/ > $5M 0 0 0 0 0% 0

TOTALS 107 640 53 28 96% 2

SOURCE: FMLS 2019; Area 52, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 52 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 57 427 36 37 94% 2

$200K $299K 102 416 35 48 96% 3

$300K $399K 82 465 39 39 97% 2

$400K $499K 65 352 29 49 97% 2

$500K $599K 43 216 18 53 97% 2

$600K $699K 18 147 12 56 96% 1

$700K $799K 20 84 7 65 96% 3

$800K $899K 10 58 5 48 98% 2

$900K $999K 20 29 2 84 97% 8

$1M $2M 29 50 4 94 96% 7

$2M $5M 2 6 1 19 94% 4

AVG/ > $5M 0 0 0 0 0% 0

TOTALS 448 2250 188 48 96% 2

SOURCE: FMLS 2019; Area 52, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

ENGEL & VÖLKERS ATLANTA

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www.evatlanta.com

ATLANTA

ATLANTA MARKET INTELLIGENCE ATLANTA MARKET INTELLIGENCE| 4Q18 | 4Q18| FMLS | FMLSAREA AREA 52 52 || CONDOS CONDOS

90 90

FMLS AREA 52 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 52 increased 117.9% on a year-over-year basis from 28 in December 2017 to 61 in December 2018. The number of new condo listings in FMLS Area 52 decreased 40.7% on a year-over-year basis from 27 in December 2017 to 16 in December 2018. The number of condo sales in FMLS Area 52 decreased 48% on a year-over-year basis from 25 in December 2017 to 13 in December 2018. The months of inventory for condos in FMLS Area 52 increased 319% on a year-over-year basis from 1.1 month in December 2017 to 4.7 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 117.9%

- 40.7%

- 48%

+ 319%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 2.7%

- 3.3%

- 2.1%

+ 240%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | CONDOS

91 91

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 52 increased 117.9% on a year-over-year basis from 28 in December 2017 to 61 in December 2018.

The number of new condo listings in FMLS Area 52 decreased 40.7% on a year-over-year basis from 27 in December 2017 to 16 in December 2018.

125

125

The number of condo sales in FMLS Area 52 decreased 48% on a year-over-year basis from 25 in December 2017 to 13 in December 2018.

100

100

75

75

50

50

25

25

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

0

MONTHS OF INVENTORY

10

The months of inventory for condos in FMLS Area 52 increased 319% on a year-over-year basis from 1.1 month in December 2017 to 4.7 months in December 2018.

8 6 4 2 0

2Q16

4Q16

2Q17

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE 52 || CONDOS CONDOS ATLANTA MARKET INTELLIGENCE | |4Q18 4Q18 | |FMLS FMLS AREA AREA 52

92 92

MEDIAN SALE PRICE

- 2.7%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for condos in FMLS Area 52 increased 14.7% on a year-over-year basis from $170,000 in December 2017 to $194,925 in December 2018.

$750,000 $600,000

The median sale price for condos in FMLS Area 52 decreased 2.7% on a year-over-year basis from $185,000 in December 2017 to $180,000 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

- 3.3%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$900,000

The average list price for condos in FMLS Area 52 increased 7.4% on a year-over-year basis from $185,639 in December 2017 to $199,466 in December 2018.

$750,000 $600,000

The average sale price for condos in FMLS Area 52 decreased 3.3% on a year-over-year basis from $205,701 in December 2017 to $198,866 in December 2018.

$450,000 $300,000 $150,000 $0 2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | CONDOS

93 93

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 240% 120

The median number of continuous days on market (CDOM) for condos in FMLS Area 52 increased 240% on a year-overyear basis from 5 days in December 2017 to 17 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

RATIO OF SP/OLP

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

- 2.1%

102%

The ratio of SP/OLP for condos in FMLS Area 52 increased 2.2% on a year-overyear basis from 96.7% in December 2017 to 94.7% in December 2018.

100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92%

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

94 94

ATLANTA MARKET INTELLIGENCE 52 || TOWNHOMES ATLANTA MARKET INTELLIGENCE| |4Q18 4Q18| |FMLS FMLSAREA AREA 52 TOWNHOMES

FMLS AREA 52 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 52 increased 28.9% on a year-over-year basis from 45 in December 2017 to 58 in December 2018. The number of new townhome listings in FMLS Area 52 decreased 65.5% on a year-over-year basis from 29 in December 2017 to 10 in December 2018. The number of townhome sales in FMLS Area 52 decreased 40.6% on a year-over-year basis from 32 in December 2017 to 19 in December 2018. The months of inventory for townhomes in FMLS Area 52 increased 117.1% on a year-over-year basis from 1.4 months in December 2017 to 3.1 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

- 3.6%

+ 0.3%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 28.9%

- 65.5%

- 40.6%

+ 117.1%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 8.5%

RATIO OF SP/OLP

- 62.2%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | TOWNHOMES

95 95

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | TOWNHOMES

SUPPLY DYNAMICS The number of active townhome listings in FMLS Area 52 increased 28.9% on a year-over-year basis from 45 in December 2017 to 58 in December 2018.

150

120

The number of new townhome listings in FMLS Area 52 decreased 65.5% on a year-over-year basis from 29 in December 2017 to 10 in December 2018.

The number of townhome sales in FMLS Area 52 decreased 40.6% on a year-over-year basis from 32 in December 2017 to 19 in December 2018.

150

120

90

90

60

60

30

30

0

0 1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

MONTHS OF INVENTORY The months of inventory for townhomes in FMLS Area 52 increased 117.1% on a yearover-year basis from 1.4 months in December 2017 to 3.1 months in December 2018.

10 8 6 4 2 0

2Q16

4Q16

www.evatlanta.com

2Q17

4Q17

ENGEL & VÖLKERS ATLANTA

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | TOWNHOMES ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | TOWNHOMES

96 96

MEDIAN SALE PRICE

- 3.6%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$750,000

The median list price for townhomes in FMLS Area 52 decreased 24% on a year-over-year basis from $433,596 in December 2017 to $329,450 in December 2018.

$600,000 $450,000

The median sale price for townhomes in FMLS Area 52 decreased 3.6% on a year-over-year basis from $337,000 in December 2017 to $325,000 in December 2018.

$300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

- 8.5%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$750,000

The average list price for townhomes in FMLS Area 52 decreased 8.3% on a year-over-year basis from $377,572 in December 2017 to $346,160 in December 2018.

$600,000 $450,000

The average sale price for townhomes in FMLS Area 52 decreased 8.5% on a year-over-year basis from $331,947 in December 2017 to $303,600 in December 2018.

$300,000 $150,000 $0

2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | TOWNHOMES

97 97

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | TOWNHOMES MEDIAN CDOM

- 62.2%

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 52 decreased 62.2% on a year-over-year basis from 37 days in December 2017 to 14 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

RATIO OF SP/OLP

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

+ 0.3% RATIO OF SALE PRICE TO ORIGINAL LIST PRICE 102.0%

The ratio of SP/OLP for townhomes in FMLS Area 52 increased 0.3% on a yearover-year basis from 98.0% in December 2017 to 98.3% in December 2018.

100.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98.0%

96.0%

94.0%

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE AREA5252| |SFD SFD ATLANTA MARKET INTELLIGENCE || 4Q18 4Q18 || FMLS FMLS AREA

98

FMLS AREA 52

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 52 increased 15.1% on a year-over-year basis from 410 in December 2017 to 472 in December 2018. The number of new SFD listings in FMLS Area 52 increased 19.1% on a year-over-year basis from 131 in December 2017 to 156 in December 2018. The number of SFD sales in FMLS Area 52 decreased 33.9% on a year-over-year basis from 189 in December 2017 to 125 in December 2018. The months of inventory for SFD in FMLS Area 52 increased 74.1% on a year-over-year basis from 2.2 months in December 2017 to 3.8 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 15.1%

+ 19.1%

- 33.9%

+ 74.1%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 0.3%

- 1.4%

- 0.6%

+ 46.9%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | SFD

99 99

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 52 increased 15.1% on a year-over-year basis from 410 in December 2017 to 472 in December 2018.

The number of new SFD listings in FMLS Area 52 increased 19.1% on a year-over-year basis from 131 in December 2017 to 156 in December 2018.

800

800

The number of SFD sales in FMLS Area 52 decreased 33.9% on a year-over-year basis from 189 in December 2017 to 125 in December 2018.

600

600

400

400

200

200

0

0 1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

MONTHS OF INVENTORY 10

The months of inventory for SFD in FMLS Area 52 increased 74.1% on a year-over-year basis from 2.2 months in December 2017 to 3.8 months in December 2018.

8 6 4 2 0

2Q16

www.evatlanta.com

4Q16

2Q17

4Q17

ENGEL & VÖLKERS ATLANTA

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE 52 | | SFD SFD ATLANTA MARKET INTELLIGENCE | | 4Q18 4Q18 || FMLS FMLS AREA AREA 52

100 100

MEDIAN SALE PRICE

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

- 0.3%

The median list price for SFD in FMLS Area 52 increased 2.4% on a year-over-year basis from $325,000 in December 2017 to $334,450 in December 2018.

$900,000 $750,000 $600,000

The median sale price for SFD in FMLS Area 52 decreased 0.3% on a year-over-year basis from $348,000 in December 2017 to $347,000 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

- 1.4%

The average list price for SFD in FMLS Area 52 increased 1.3% on a year-over-year basis from $384,019 in December 2017 to $388,906 in December 2018.

$900,000 $750,000 $600,000

The average sale price for SFD in FMLS Area 52 decreased 1.4% on a year-over-year basis from $391,431 in December 2017 to $386,057 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | SFD

101 101

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 52 | SFD

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 46.9%

The median number of continuous days on market (CDOM) for SFD in FMLS Area 52 increased 46.9% on a yearover-year basis from 32 days in December 2017 to 47 days in December 2018.

120

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 0.6%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for SFD in FMLS Area 52 decreased 0.6% on a year-over-year basis from 96.4% in December 2017 to 95.8% in December 2018.

102% 100%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

98% 96% 94% 92%

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

71

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71

104

FMLS AREA 71 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 85

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.

ATLANTA

www.evatlanta.com

105 105

ATLANTAMARKET MARKET INTELLIGENCE REPORT FMLS AREA ATLANTA INTELLIGENCE | 4Q18| | 4Q18 FMLS| AREA 71 71

FMLS AREA 71

SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 71 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 8 89 7 16 95% 1

$200K $299K 9 126 11 32 98% 1

$300K $399K 16 97 8 40 99% 2

$400K $499K 5 14 1 154 95% 4

$500K $599K 2 11 1 40 49% 2

$600K $699K 2 6 1 79 96% 4

$700K $799K 2 4 0 53 99% 6

$800K $899K 3 3 0 47 94% 12

$900K $999K 2 11 1 183 97% 2

$1M $2M 4 10 1 96 86% 5

$2M $5M 0 0 0 0 0% 0

AVG/ > $5M 0 0 0 0 0% 0

TOTALS 53 371 31 42 95% 2

SOURCE: FMLS 2019; Area 71, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 71 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 10 70 6 34 94% 2

$200K $299K 15 40 3 41 98% 5

$300K $399K 15 39 3 44 98% 5

$400K $499K 4 24 2 24 98% 2

$500K $599K 3 12 1 39 98% 3

$600K $699K 2 13 1 64 94% 2

$700K $799K 2 8 1 181 92% 3

$800K $899K 14 3 0 52 97% 56

$900K $999K 3 2 0 49 97% 18

$1M $2M 10 14 1 88 96% 9

$2M $5M 3 2 0 221 95% 18

AVG/ > $5M 0 0 0 0 0% 0

TOTALS 81 227 19 45 96% 4

SOURCE: FMLS 2019; Area 71, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

ENGEL & VÖLKERS ATLANTA

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ATLANTA

ATLANTA MARKET INTELLIGENCE 71 || CONDOS CONDOS ATLANTA MARKET INTELLIGENCE | |4Q18 4Q18 | |FMLS FMLS AREA AREA 71

106

FMLS AREA 71 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 71 increased 31.6% on a year-over-year basis from 19 in December 2017 to 25 in December 2018. The number of new condo listings in FMLS Area 71 increased 16.7% on a year-over-year basis from 6 in December 2017 to 7 in December 2018. The number of condo sales in FMLS Area 71 decreased 50% on a year-over-year basis from 18 in December 2017 to 9 in December 2018. The months of inventory for condos in FMLS Area 71 increased 163.2% on a year-over-year basis from 1.1 months in December 2017 to 2.8 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 31.6%

+ 16.7%

- 50%

+ 163.2%

ENGEL & VÖLKERS ATLANTA ATLANTA

- 11.8%

- 3.2%

- 0.9%

- 53.7%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | CONDOS

107 107

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 71 increased 31.6% on a year-over-year basis from 19 in December 2017 to 25 in December 2018.

The number of new condo listings in FMLS Area 71 increased 16.7% on a year-over-year basis from 6 in December 2017 to 7 in December 2018.

80

80

The number of condo sales in FMLS Area 71 decreased 50% on a year-over-year basis from 18 in December 2017 to 9 in December 2018.

60

60

40

40

20

20

0

0 1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

MONTHS OF INVENTORY

10

The months of inventory for condos in FMLS Area 71 increased 163.2% on a year-overyear basis from 1.1 months in December 2017 to 2.8 months in December 2018.

8 6 4 2 0

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | CONDOS ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | CONDOS

108 108

MEDIAN SALE PRICE

- 11.8%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for condos in FMLS Area 71 decreased 30.8% on a year-over-year basis from $367,000 in December 2017 to $254,000 in December 2018.

$750,000 $600,000

The median sale price for condos in FMLS Area 71 decreased 11.8% on a year-over-year basis from $170,000 in December 2017 to $150,000 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

- 3.2%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$900,000

The average list price for condos in FMLS Area 71 decreased 41.9% on a year-over-year basis from $412,650 in December 2017 to $239,686 in December 2018.

$750,000 $600,000

The average sale price for condos in FMLS Area 71 decreased 3.2% on a year-over-year basis from $210,768 in December 2017 to $204,100 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | CONDOS

109 109

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 53.7%

The median number of continuous days on market (CDOM) for condos in FMLS Area 71 decreased 53.7% on a yearover-year basis from 41 days in December 2017 to 19 days in December 2018.

120

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 0.9%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE The ratio of SP/OLP for condos in FMLS Area 71 decreased 0.9% on a year-overyear basis from 96.8% in December 2017 to 95.9% in December 2018.

102% 100% 98%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96% 94% 92% 90%

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

110 110

ATLANTA MARKET INTELLIGENCE 71 || TOWNHOMES ATLANTA MARKET INTELLIGENCE| |4Q18 4Q18| |FMLS FMLSAREA AREA 71 TOWNHOMES

FMLS AREA 71 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 71 increased 16.0% on a year-over-year basis from 25 in December 2017 to 29 in December 2018. The number of new townhome listings in FMLS Area 71 decreased 52.9% on a year-over-year basis from 17 in December 2017 to 8 in December 2018. The number of townhome sales in FMLS Area 71 decreased 15.4% on a year-over-year basis from 13 in December 2017 to 11 in December 2018. The months of inventory for townhomes in FMLS Area 71 increased 37.1% on a year-over-year basis from 1.9 months in December 2017 to 2.6 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 16.0%

- 52.9%

- 15.4%

+ 37.1%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 3.1%

- 2.3%

- 0.6%

+ 83.3%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | TOWNHOMES

111 111

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | TOWNHOMES

SUPPLY DYNAMICS

100

75

The number of active townhome listings in FMLS Area 71 increased 16.0% on a year-over-year basis from 25 in December 2017 to 29 in December 2018.

The number of new townhome listings in FMLS Area 71 decreased 52.9% on a year-over-year basis from 17 in December 2017 to 8 in December 2018.

The number of townhome sales in FMLS Area 71 decreased 15.4% on a year-over-year basis from 13 in December 2017 to 11 in December 2018.

100

75

50

50

25

25

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

0

MONTHS OF INVENTORY 10

The months of inventory for townhomes in FMLS Area 71 increased 37.1% on a yearover-year basis from 1.9 months in December 2017 to 2.6 months in December 2018.

8 6 4 2 0

2Q16

www.evatlanta.com

4Q16

2Q17

4Q17

ENGEL & VÖLKERS ATLANTA

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | TOWNHOMES ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | TOWNHOMES

112 112

MEDIAN SALE PRICE

+ 3.1%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$500,000

The median list price for townhomes in FMLS Area 71 decreased 2.5% on a year-over-year basis from $299,900 in December 2017 to $292,450 in December 2018.

$400,000 $300,000

The median sale price for townhomes in FMLS Area 71 increased 3.1% on a year-over-year basis from $286,000 in December 2017 to $295,000 in December 2018.

$200,000 $100,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

- 2.3%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$500,000

The average list price for townhomes in FMLS Area 71 increased 8.3% on a year-over-year basis from $375,947 in December 2017 to $407,338 in December 2018.

$400,000 $300,000

The average sale price for townhomes in FMLS Area 71 decreased 2.3% on a year-over-year basis from $363,811 in December 2017 to $355,400 in December 2018.

$200,000 $100,000 $0 2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | TOWNHOMES

113 113

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | TOWNHOMES MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 83.3% 120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 71 increased 83.3% on a year-over-year basis from 18 days in December 2017 to 33 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 0.6%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102.0%

The ratio of SP/OLP for townhomes in FMLS Area 71 decreased 0.6% on a yearover-year basis from 98.7% in December 2017 to 98.1% in December 2018.

100.0% 98.0%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96.0% 94.0% 92.0%

2Q16

4Q16

2Q17

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE AREA7171| |SFD SFD ATLANTA MARKET INTELLIGENCE || 4Q18 4Q18 || FMLS FMLS AREA

114 114

FMLS AREA 71

SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 71 increased 54.7% on a year-over-year basis from 53 in December 2017 to 82 in December 2018. The number of new SFD listings in FMLS Area 71 increased 28.6% on a year-over-year basis from 14 in December 2017 to 18 in December 2018. The number of SFD sales in FMLS Area 71 decreased 21.1% on a year-over-year basis from 19 in December 2017 to 15 in December 2018. The months of inventory for SFD in FMLS Area 71 increased 96% on a year-over-year basis from 2.8 months in December 2017 to 5.5 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 30.2%

+ 0.4%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 54.7%

+ 28.6%

- 21.1%

+ 96.0%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 7.5%

RATIO OF SP/OLP

+ 88.9%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | SFD

115 115

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 71 increased 54.7% on a year-over-year basis from 53 in December 2017 to 82 in December 2018.

The number of new SFD listings in FMLS Area 71 increased 28.6% on a year-over-year basis from 14 in December 2017 to 18 in December 2018.

The number of SFD sales in FMLS Area 71 decreased 21.1% on a year-over-year basis from 19 in December 2017 to 15 in December 2018.

MONTHS OF INVENTORY The months of inventory for SFD in FMLS Area 71 increased 96% on a year-over-year basis from 2.8 months in December 2017 to 5.5 months in December 2018.

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE 71 | | SFD SFD ATLANTA MARKET INTELLIGENCE | | 4Q18 4Q18 || FMLS FMLS AREA AREA 71

116

MEDIAN SALE PRICE

+ 30.2%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE The median list price for SFD in FMLS Area 71 decreased 44.2% on a year-over-year basis from $389,950 in December 2017 to $217,500 in December 2018.

$1,200,000 $1,000,000 $800,000

The median sale price for SFD in FMLS Area 71 increased 30.2% on a year-over-year basis from $249,900 in December 2017 to $325,455 in December 2018.

$600,000 $400,000 $200,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

+ 7.5%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE The average list price for SFD in FMLS Area 71 decreased 42.3% on a year-over-year basis from $521,950 in December 2017 to $301,106 in December 2018.

$1,200,000 $1,000,000 $800,000

The average sale price for SFD in FMLS Area 71 increased 7.5% on a year-over-year basis from $341,942 in December 2017 to $367,672 in December 2018.

$600,000 $400,000 $200,000 $0

2Q16

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | SFD

117 117

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 71 | SFD MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 88.9%

The median number of continuous days on market (CDOM) for SFD in FMLS Area 71 increased 88.9% on a yearover-year basis from 18 days in December 2017 to 34 days in December 2018.

200

150

100

50

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 0.4%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

104%

The ratio of SP/OLP for SFD in FMLS Area 71 increased 0.4% on a year-over-year basis from 96.2% in December 2017 to 96.6% in December 2018.

100% 96%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

92% 88% 84%

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

132

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132

120

FMLS AREA 132 132 51 400

71

21

285

85

75 285 85

22

23 24

20

32

31

285

52

20

53

75 85

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.

ATLANTA

www.evatlanta.com

121 121

ATLANTAMARKET MARKET INTELLIGENCE REPORT FMLS AREA ATLANTA INTELLIGENCE | 4Q18| | 4Q18 FMLS| AREA 132 132

FMLS AREA 132 SUMMARY OF MARKET ACTIVITY ATTACHED HOMES The following table shows activity for attached homes (condos and townhomes) in FMLS Area 132 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 9 51 4 41 101% 2

$200K $299K 9 40 3 36 97% 3

$300K $399K 4 28 2 76 97% 2

$400K $499K 14 44 4 77 97% 4

$500K $599K 11 29 2 56 98% 5

$600K $699K 4 9 1 95 101% 5

$700K $799K 0 0 0 0 0% 0

$800K $899K 0 1 0 592 95% 0

$900K $999K 1 3 0 465 100% 4

$1M $2M 3 2 0 546 96% 18

$2M $5M 0 0 0 0 0% 0

AVG/ > $5M 0 0 0 0 0% 0

TOTALS 55 207 17 68 98% 3

SOURCE: FMLS 2019; Area 132, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

DETACHED HOMES The following table shows activity for detached homes (single family) in FMLS Area 132 from January 1, 2018 to December 31, 2018.

CATEGORY ACTIVE LISTINGS ANNUAL CLOSINGS MONTHLY CLOSINGS AVERAGE CDOM SP/OLP MONTHS OF INVENTORY

$0 $199K 0 0 0 0 0% 0

$200K $299K 0 0 0 0 0% 0

$300K $399K 0 9 1 85 82% 0

$400K $499K 4 26 2 63 92% 2

$500K $599K 10 39 3 65 94% 3

$600K $699K 11 34 3 70 90% 4

$700K $799K 10 23 2 95 96% 5

$800K $899K 15 26 2 88 95% 7

$900K $999K 5 12 1 123 89% 5

$1M $2M 54 69 6 121 92% 9

$2M $5M 28 15 1 131 94% 22

AVG/ > $5M 3 0 0 0 0% 0

TOTALS 140 253 21 93 92% 7

SOURCE: FMLS 2019; Area 132, All attached product closed trailing 12 months (January 1, 2018 – December 31, 2018)

ENGEL & VÖLKERS ATLANTA

www.evatlanta.com

www.evatlanta.com

ATLANTA

ATLANTA MARKET INTELLIGENCE 132| | CONDOS CONDOS ATLANTA MARKET INTELLIGENCE || 4Q18 4Q18 || FMLS FMLS AREA AREA 132

122

FMLS AREA 132 CONDOMINIUMS

SUMMARY OF CONDOMINIUM MARKET ACTIVITY The number of active condo listings in FMLS Area 132 increased 11.1% on a year-over-year basis from 18 in December 2017 to 20 in December 2018. The number of new condo listings in FMLS Area 132 increased 266.7% on a year-overyear basis from 3 in December 2017 to 11 in December 2018. The number of condo sales in FMLS Area 132 decreased 12.5% on a year-over-year basis from 8 in December 2017 to 7 in December 2018. The months of inventory for condos in FMLS Area 132 increased 27% on a year-over-year basis from 2.3 months in December 2017 to 2.9 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

RATIO OF SP/OLP

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 11.1%

+ 266.7%

- 12.5%

+ 27%

ENGEL & VÖLKERS ATLANTA ATLANTA

+ 13.9%

+ 14.1%

- 5.1%

+ 400%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132 | CONDOS

123 123

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132 | CONDOS

SUPPLY DYNAMICS The number of active condo listings in FMLS Area 132 increased 11.1% on a year-over-year basis from 18 in December 2017 to 20 in December 2018.

The number of new condo listings in FMLS Area 132 increased 266.7% on a year-over-year basis from 3 in December 2017 to 11 in December 2018.

The number of condo sales in FMLS Area 132 decreased 12.5% on a year-over-year basis from 8 in December 2017 to 7 in December 2018.

40

40

30

30

20

20

10

10

0

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

MONTHS OF INVENTORY

16

The months of inventory for condos in FMLS Area 132 increased 27% on a year-over-year basis from 2.3 months in December 2017 to 2.9 months in December 2018.

12 8 4 0

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132 | CONDOS ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132 | CONDOS

124

MEDIAN SALE PRICE

+ 13.9%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$900,000

The median list price for condos in FMLS Area 132 increased 86.6% on a year-over-year basis from $112,500 in December 2017 to $209,900 in December 2018.

$750,000 $600,000

The median sale price for condos in FMLS Area 132 increased 13.9% on a year-over-year basis from $143,550 in December 2017 to $163,500 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

+ 14.1%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$900,000

The average list price for condos in FMLS Area 132 increased 36.8% on a year-over-year basis from $145,800 in December 2017 to $199,427 in December 2018.

$750,000 $600,000

The average sale price for condos in FMLS Area 132 increased 14.1% on a year-over-year basis from $144,938 in December 2017 to $165,343 in December 2018.

$450,000 $300,000 $150,000 $0

2Q16

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132 | CONDOS

125 125

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132 | CONDOS

MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

+ 400% 120

The median number of continuous days on market (CDOM) for condos in FMLS Area 132 increased 400% on a yearover-year basis from 4 days in December 2017 to 20 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

- 5.1%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102%

The ratio of SP/OLP for condos in FMLS Area 132 decreased 5.1% on a year-overyear basis from 100.6% in December 2017 to 95.5% in December 2018.

100% 98%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96% 94% 92%

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

126 126

ATLANTA MARKET INTELLIGENCE 132 || TOWNHOMES ATLANTA MARKET INTELLIGENCE| |4Q18 4Q18| |FMLS FMLSAREA AREA 132 TOWNHOMES

FMLS AREA 132 TOWNHOMES

SUMMARY OF TOWNHOME MARKET ACTIVITY The number of active townhome listings in FMLS Area 132 decreased 14.7% on a year-over-year basis from 34 in December 2017 to 29 in December 2018. The number of new townhome listings in FMLS Area 132 decreased 64.3% on a year-over-year basis from 14 in December 2017 to 5 in December 2018. The number of townhome sales in FMLS Area 132 decreased 55.6% on a year-over-year basis from 9 in December 2017 to 4 in December 2018. The months of inventory for townhomes in FMLS Area 132 increased 91.9% on a year-over-year basis from 3.8 months in December 2017 to 7.3 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

+ 17.5%

+ 10.8%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

- 14.7%

- 64.3%

- 55.6%

+ 91.9%

ATLANTA ENGEL & VÖLKERS ATLANTA

+ 12.9%

RATIO OF SP/OLP

+ 110.5%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132 | TOWNHOMES

127 127

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132 | TOWNHOMES

SUPPLY DYNAMICS

75

60

The number of active townhome listings in FMLS Area 132 decreased 14.7% on a year-over-year basis from 34 in December 2017 to 29 in December 2018.

The number of new townhome listings in FMLS Area 132 decreased 64.3% on a year-over-year basis from 14 in December 2017 to 5 in December 2018.

75

The number of townhome sales in FMLS Area 132 decreased 55.6% on a year-over-year basis from 9 in December 2017 to 4 in December 2018.

60

45

45

30

30

15

15

0

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

MONTHS OF INVENTORY

15

The months of inventory for townhomes in FMLS Area 132 increased 91.9% on a yearover-year basis from 3.8 months in December 2017 to 7.3 months in December 2018.

12 9 6 3 0

2Q16

4Q16

2Q17

4Q17

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE ATLANTA MARKET INTELLIGENCE| 4Q18 | 4Q18| FMLS | FMLSAREA AREA 132 132 || TOWNHOMES TOWNHOMES

128

MEDIAN SALE PRICE

+ 17.5%

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

$1,000,000

The median list price for townhomes in FMLS Area 132 increased 4.7% on a year-over-year basis from $441,604 in December 2017 to $462,275 in December 2018.

$800,000 $600,000

The median sale price for townhomes in FMLS Area 132 increased 17.5% on a year-over-year basis from $491,400 in December 2017 to $577,194 in December 2018.

$400,000 $200,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

+ 12.9%

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

$1,000,000

The average list price for townhomes in FMLS Area 132 increased 2.3% on a year-over-year basis from $454,603 in December 2017 to $465,090 in December 2018.

$800,000 $600,000

The average sale price for townhomes in FMLS Area 132 increased 12.9% on a year-over-year basis from $467,189 in December 2017 to $527,347 in December 2018.

$400,000 $200,000 $0 2Q16

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132 | TOWNHOMES

129 129

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132 | TOWNHOMES MEDIAN CDOM

+ 110.5%

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

120

The median number of continuous days on market (CDOM) for townhomes in FMLS Area 132 increased 110.5% on a year-over-year basis from 57 days in December 2017 to 120 days in December 2018.

90

60

30

0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 10.8%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

103.0%

The ratio of SP/OLP for townhomes in FMLS Area 132 increased 10.8% on a year-over-year basis from 92.5% in December 2017 to 102.5% in December 2018.

100.0% 97.0% 94.0% 91.0% 88.0%

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE AREA132 132| | SFD SFD ATLANTA MARKET INTELLIGENCE || 4Q18 4Q18 || FMLS FMLS AREA

130 130

FMLS AREA 132 SINGLE FAMILY DETACHED (SFD)

SUMMARY OF SFD MARKET ACTIVITY The number of active SFD listings in FMLS Area 132 increased 18.3% on a year-over-year basis from 131 in December 2017 to 155 in December 2018. The number of new SFD listings in FMLS Area 132 decreased 28.6% on a year-over-year basis from 21 in December 2017 to 15 in December 2018. The number of SFD sales in FMLS Area 132 decreased 54.5% on a year-over-year basis from 22 in December 2017 to 10 in December 2018. The months of inventory for SFD in FMLS Area 132 increased 160.3% on a year-over-year basis from 6 months in December 2017 to 15.5 months in December 2018.

MARKET ACTIVITY DASHBOARD | YEAR-OVER-YEAR COMPARISON

NUMBER OF ACTIVE LISTINGS

NUMBER OF CLOSINGS

MEDIAN SALE PRICE

- 2.7%

+ 0.3%

NUMBER OF NEW LISTINGS

MONTHS OF INVENTORY

AVERAGE SALE PRICE

MEDIAN CDOM

+ 18.3%

- 28.6%

- 54.5%

+ 160.3%

ATLANTA ENGEL & VÖLKERS ATLANTA

- 6.5%

RATIO OF SP/OLP

- 15.3%

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ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132 | SFD

131 131

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 121 | SFD

SUPPLY DYNAMICS The number of active SFD listings in FMLS Area 132 increased 18.3% on a year-over-year basis from 131 in December 2017 to 155 in December 2018.

The number of new SFD listings in FMLS Area 132 decreased 28.6% on a year-over-year basis from 21 in December 2017 to 15 in December 2018.

250

250

The number of SFD sales in FMLS Area 132 decreased 54.5% on a year-over-year basis from 22 in December 2017 to 10 in December 2018.

200

200

150

150

100

100

50

50

0

0

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

MONTHS OF INVENTORY

20

The months of inventory for SFD in FMLS Area 132 increased 160.3% on a year-overyear basis from 6 months in December 2017 to 15.5 months in December 2018.

16 12 8 4 0

2Q16

4Q16

2Q17

www.evatlanta.com

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

ATLANTA MARKET INTELLIGENCE 132 || SFD SFD ATLANTA MARKET INTELLIGENCE| |4Q18 4Q18| |FMLS FMLSAREA AREA 132

132 132

MEDIAN SALE PRICE

MEDIAN LIST PRICE VS MEDIAN SALE PRICE

- 2.7%

$2,250,000

The median list price for SFD in FMLS Area 132 increased 13.3% on a year-over-year basis from $750,000 in December 2017 to $850,000 in December 2018.

$2,000,000 $1,750,000 $1,500,000

The median sale price for SFD in FMLS Area 132 decreased 2.7% on a year-over-year basis from $834,825 in December 2017 to $812,500 in December 2018.

$1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

AVERAGE SALE PRICE

AVERAGE LIST PRICE VS AVERAGE SALE PRICE

- 6.5%

The average list price for SFD in FMLS Area 132 increased 2% on a year-over-year basis from $1,031,229 in December 2017 to $1,051,560 in December 2018.

$2,250,000 $2,000,000 $1,750,000 $1,500,000

The average sale price for SFD in FMLS Area 132 decreased 6.5% on a year-over-year basis from $954,666 in December 2017 to $892,700 in December 2018.

$1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 2Q16

4Q16

2Q17

ATLANTA ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

www.evatlanta.com www.evatlanta.com

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132 | SFD

133 133

ATLANTA MARKET INTELLIGENCE | 4Q18 | FMLS AREA 132 | SFD MEDIAN CDOM

MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET

- 15.3% 150

The median number of continuous days on market (CDOM) for SFD in FMLS Area 132 decreased 15.3% on a yearover-year basis from 124 days in December 2017 to 105 days in December 2018.

120 90 60 30 0

2Q16

4Q16

2Q17

4Q17

2Q18

4Q18

Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.

RATIO OF SP/OLP

+ 0.3%

RATIO OF SALE PRICE TO ORIGINAL LIST PRICE

102%

The ratio of SP/OLP for SFD in FMLS Area 132 increased 0.3% on a year-over-year basis from 91.2% in December 2017 to 91.5% in December 2018.

100% 98%

The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.

96% 94% 92% 90% 88%

2Q16

www.evatlanta.com

4Q16

2Q17

ENGEL & VÖLKERS ATLANTA

4Q17

2Q18

4Q18

ATLANTA www.evatlanta.com

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