Q2 2023 - Luxury Real Estate Market Update

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LUXURY MARKET UPDATE QUARTER 2 - 2023

LUXURY MARKET UPDATE

METRO ATLANTA | QUARTER 2 2023

$1M - $2.5M

HOMES FOR SALE (END Q2)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

COMPARED TO Q2 2022

29

946 11% 52.6%

COMPARED TO Q2 2022

818

COMPARED TO Q2 2022

AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET

1336 $1.42M

10% 1.1%

COMPARED TO Q2 2022

SELLER’S MARKET

6 months of inventory is a balanced market

COMPARED TO Q2 2022

3.5

21% 40.5%

MONTHS OF INVENTORY

COMPARED TO Q2 2022

Source: TrendGraphix. Core Counties combined - Cherokee, Cobb, DeKalb, Forsyth, Fulton, Gwinnett, all residential, $1M - $2.5M, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.

For more information and great insights go to HarryNorman.com/Insights

LUXURY MARKET UPDATE

METRO ATLANTA | QUARTER 2 2023

$2.5M+

HOMES FOR SALE (END Q2)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

264

COMPARED TO Q2 2022

95

COMPARED TO Q2 2022

63

294 13.1% 57.5%

COMPARED TO Q2 2022

AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET

$3.73M

2.3% 5.3%

COMPARED TO Q2 2022

BUYER’S MARKET

6 months of inventory is a balanced market

COMPARED TO Q2 2022

9.3

7.8% 22.4%

MONTHS OF INVENTORY

COMPARED TO Q2 2022

Source: TrendGraphix. Core Counties combined - Cherokee, Cobb, DeKalb, Forsyth, Fulton, Gwinnett, all residential, $2.5M and above, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.

For more information and great insights go to HarryNorman.com/Insights

TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $1M - $2.5M For more information and great insights go to HarryNorman.com/Insights LUXURY
BUCKHEAD | QUARTER 2 2023 Source: TrendGraphix. ZIP 30305 (FMLS), ZIP 30318 (FMLS), ZIP 30326 (FMLS), ZIP 30327 (FMLS), ZIP 30342 (FMLS), all residential, $1M - $2.5M, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. SELLER’S MARKET 6 months of inventory is a balanced market 115 3.5 174 $1.55M 34 135 5.5% 36% 25.3% 0.7% 36.5% 66% COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022
MARKET UPDATE
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $2.5M+ For more information and great insights go to HarryNorman.com/Insights
BUCKHEAD | QUARTER 2 2023 Source: TrendGraphix. ZIP 30305 (FMLS), ZIP 30318 (FMLS), ZIP 30326 (FMLS), ZIP 30327 (FMLS), ZIP 30342 (FMLS), all residential, $2.5M and above stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 44 7.1 109 $4.03M
104
CHANGE 7.9%
12%
COMPARED TO Q2 2022
TO Q2 2022
TO Q2 2022
TO Q2 2022
TO Q2 2022
TO Q2 2022
MARKET 6 months of inventory is a balanced market
LUXURY MARKET UPDATE
49
1.9% NO
3.7%
11%
COMPARED
COMPARED
COMPARED
COMPARED
COMPARED
BUYER’S

LUXURY MARKET UPDATE

CHEROKEE COUNTY | QUARTER 2 2023

$1M+

HOMES FOR SALE (END Q2)

TOTAL HOMES SOLD

109

TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET

37

COMPARED TO Q2 2022

59

104 23.8% 136%

COMPARED TO Q2 2022

COMPARED TO Q2 2022

$2.09M

19.8% 55.2%

COMPARED TO Q2 2022

BUYER’S MARKET

6 months of inventory is a balanced market

COMPARED TO Q2 2022

8.4

12.1% 10.5%

MONTHS OF INVENTORY

COMPARED TO Q2 2022

Source: TrendGraphix. CHEROKEE COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.

For more information and great insights go to HarryNorman.com/Insights

LUXURY MARKET UPDATE

COWETA COUNTY | QUARTER 2 2023

$1M+

HOMES FOR SALE (END Q2)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

19

NO CHANGE

COMPARED TO Q2 2022

8

COMPARED TO Q2 2022

11.1%

COMPARED TO Q2 2022

41

15 51.9%

COMPARED TO Q2 2022

AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET

$1.45M

5.6% 21.7%

COMPARED TO Q2 2022

SELLER’S MARKET

6 months of inventory is a balanced market

MONTHS OF INVENTORY

5.6

12%

COMPARED TO Q2 2022

Source: TrendGraphix. COWETA COUNTY (GAMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.

For more information and great insights go to HarryNorman.com/Insights

TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $1M+ For more information and great insights go to HarryNorman.com/Insights
DUNWOODY & SANDY SPRINGS | QUARTER 2 2023 Source: TrendGraphix. ZIP 30319 (FMLS), ZIP 30327 (FMLS), ZIP 30328 (FMLS), ZIP 30338 (FMLS), ZIP 30339 (FMLS), ZIP 30342 (FMLS), ZIP 30350 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 209 3.6 356 $1.88M 32 250 17.9% 33.3% 10.3% 4% 24.3% 56.4% COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 SELLER’S MARKET 6 months of inventory is a balanced market
LUXURY MARKET UPDATE

LUXURY MARKET UPDATE

TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $1M+ For more information and great insights go to HarryNorman.com/Insights
EAST COBB | QUARTER 2 2023 Source: TrendGraphix. ZIP 30062 (FMLS), ZIP 30066 (FMLS), ZIP 30067 (FMLS), ZIP 30068 (FMLS), ZIP 30075 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 81 3.5 119 $1.49M 25 94 1.1% 3.8% 26.5% 3.3% 22.9% 30.1% COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022
TO Q2 2022
TO Q2 2022
TO Q2 2022 SELLER’S MARKET 6 months of inventory is a balanced market
COMPARED
COMPARED
COMPARED

LUXURY MARKET UPDATE

FAYETTE COUNTY | QUARTER 2 2023

$1M+

HOMES FOR SALE (END Q2)

30

21.1%

COMPARED TO Q2 2022

17

13.3%

COMPARED TO Q2 2022

47

14.5%

TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET

COMPARED TO Q2 2022

$1.37M

7.4%

COMPARED TO Q2 2022

SELLER’S MARKET

TOTAL HOMES SOLD

27

92.9%

COMPARED TO Q2 2022

MONTHS OF INVENTORY

3.3

58.9%

COMPARED TO Q2 2022

6 months of inventory is a balanced market

Source: TrendGraphix. FAYETTE COUNTY (GAMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.

For more information and great insights go to HarryNorman.com/Insights

LUXURY MARKET UPDATE

FORSYTH COUNTY | QUARTER 2 2023

$1M+

HOMES FOR SALE (END Q2)

92 17.9%

COMPARED TO Q2 2022

25

78.6%

COMPARED TO Q2 2022

134

10.7%

TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET

COMPARED TO Q2 2022

$1.39M

2.1%

COMPARED TO Q2 2022

SELLER’S MARKET

6 months of inventory is a balanced market

TOTAL HOMES SOLD

64

31.9%

COMPARED TO Q2 2022

MONTHS OF INVENTORY

4.3

72.3%

COMPARED TO Q2 2022

Source: TrendGraphix. FORSYTH COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.

For more information and great insights go to HarryNorman.com/Insights

LUXURY MARKET UPDATE

GWINNETT COUNTY | QUARTER 2 2023

$1M+

HOMES FOR SALE (END Q2)

123 2.5%

COMPARED TO Q2 2022

37

12.1%

COMPARED TO Q2 2022

119

11.9%

TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET

COMPARED TO Q2 2022

$1.59M

4.4%

COMPARED TO Q2 2022

SELLER’S MARKET

TOTAL HOMES SOLD

63

20.3%

COMPARED TO Q2 2022

MONTHS OF INVENTORY

5.9

28.5%

COMPARED TO Q2 2022

6 months of inventory is a balanced market

Source: TrendGraphix. GWINNETT COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.

For more information and great insights go to HarryNorman.com/Insights

TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $1M+ For more information and great insights go to HarryNorman.com/Insights
INTOWN | QUARTER 2 2023 Source: TrendGraphix. ZIP 30306 (FMLS), ZIP 30307 (FMLS), ZIP 30308 (FMLS), ZIP 30309 (FMLS), ZIP 30312 (FMLS), ZIP 30316 (FMLS), ZIP 30317 (FMLS), ZIP 30324 (FMLS), ZIP 30329 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 133 3.6 222 $1.65M 26 160 26% 62.5% 0.5% 7.3% 17.9% 51% COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 SELLER’S MARKET 6 months of inventory is a balanced market
LUXURY MARKET UPDATE
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $1M+ For more information and great insights go to HarryNorman.com/Insights
NORTH FULTON | QUARTER 2 2023 Source: TrendGraphix. ZIP 30004 (FMLS), ZIP 30005 (FMLS), ZIP 30009 (FMLS), ZIP 30022 (FMLS), ZIP 30075 (FMLS), ZIP 30076 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 192 3.7 313 $1.55M 33 234 9.9% 106.3% 4.9% 3.1% 11.5% 27.2% COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 SELLER’S MARKET 6 months of inventory is a balanced market
LUXURY MARKET UPDATE
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY
WEST COBB | QUARTER 2 2023 Source: TrendGraphix. ZIP 30060 (FMLS), ZIP 30062 (FMLS), ZIP 30064 (FMLS), ZIP 30066 (FMLS), ZIP 30080(FMLS), ZIP 30082 (FMLS), ZIP 30101 (FMLS), ZIP 30126 (FMLS), ZIP 30127 (FMLS), ZIP 30144 (FMLS), ZIP 30152 (FMLS), ZIP 30168 (FMLS), ZIP 30339 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 76 5.2 151 $1.37M 38 132 48.3% 90% 7.1% 1.9% 7.3% 58.4% COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 SELLER’S MARKET 6 months of inventory is a balanced market
MARKET UPDATE

LUXURY MARKET UPDATE

HOMES FOR SALE (END Q2)

11 37.5%

COMPARED TO Q2 2022

$1M+

TOTAL NEW LISTINGS

16

166.7%

COMPARED TO Q2 2022

AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET

38

2.6%

COMPARED TO Q2 2022

$1.49M

4.6%

COMPARED TO Q2 2022

SELLER’S MARKET

6 months of inventory is a balanced market

TOTAL HOMES SOLD

6

50%

COMPARED TO Q2 2022

MONTHS OF INVENTORY

5.5

8.3%

COMPARED TO Q2 2022

BLAIRSVILLE | QUARTER 2 2023 Source: TrendGraphix. Zip 30512, all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.

For more information and great insights go to HarryNorman.com/Insights

LUXURY MARKET UPDATE

BLUE RIDGE | QUARTER 2 2023

$1M+

HOMES FOR SALE (END Q2)

47 11.9%

COMPARED TO Q2 2022

TOTAL NEW LISTINGS

53

TOTAL HOMES SOLD

14

12.5%

COMPARED TO Q2 2022

COMPARED TO Q2 2022

57

23%

COMPARED TO Q2 2022

AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET

$1.72M

6% 21.7%

COMPARED TO Q2 2022

MONTHS OF INVENTORY

10.1

27.9%

COMPARED TO Q2 2022

BUYER’S MARKET

Source: TrendGraphix. Zip 30513, all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted

For more information and great insights go to HarryNorman.com/Insights

6 months of inventory is a balanced market

LUXURY MARKET UPDATE

HALL COUNTY | QUARTER 2 2023

$1M+

HOMES FOR SALE (END Q2)

66

6.5%

COMPARED TO Q2 2022

TOTAL NEW LISTINGS

67

6.9%

COMPARED TO Q2 2022

AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET

36

29.4%

COMPARED TO Q2 2022

$1.44M

1.5%

COMPARED TO Q2 2022

BALANCED MARKET

6 months of inventory is a balanced market

TOTAL HOMES SOLD

38

11.6%

COMPARED TO Q2 2022

MONTHS OF INVENTORY

5.2

20.8%

COMPARED TO Q2 2022

Source: TrendGraphix. HALL COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted

For more information and great insights go to HarryNorman.com/Insights

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