K E L L E R K N A P P R E A L T Y . C O M M E T R O A T L A N T A QTR 2 2023 MARKET R E P O R T
In Atlanta we ve heard many words to describe the real estate market over the last year Crazy Wild Exhausting Exh larating Challeng ng A roller coaster! But, here at Keller Knapp Realty, we like to say that this market is full of opportunity We believe our current real estate market in Atlanta represents tremendous opportunit es for buyers and sellers And our agents & staff never stop working hard to help our clients find those opportunities – whether it s a first home purchase, building wealth through investment or making a transit on to a dream home
As the market continues to move toward a more balanced env ronment, there are cons stent themes that we keep hearing in the media. Rates have stabilized after last year ’ s spike. Inflat on continues to drop, perhaps avoiding a recession. Low inventory st ll plagues key markets, which will likely deter any significant decrease in home prices The affordable housing shortage persists Atlanta and other high-growth metropolitan markets. And these trends will likely be with us for the foreseeable future With these market challenges, securing the help of a knowledgeable, experienced & savvy REALTOR® becomes even more important in uncovering the unique opportunities this market environment presents
At Keller Knapp, we believe it s about much more than ust real estate Our agents live work & play n the communities that we serve, & uphold an unwavering comm tment to developing personal, l felong relationships with our clients as their trusted real estate advisor With nearly 200 agents in three Atlanta offices, we continue our comm tment to our original company m ssion – to be a great Neighbor Local Real Estate Expertise... Like Only a Neighbor Can
We thank each one of you – our friends, family, neighbors & clients – for your support, referrals & trust in Keller Knapp Realty.
Sincerely,
Weslee Knapp REALTOR® Principal Broker, Owner
F R O M O U R P R I N C I P A L B R O K E R W E S L E E K N A P P
MARKET ANALYSIS
NORTHEAST ATLANTA
2ND QUARTER 2023 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $807,900
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER
#UNITS SOLD ~ 202
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER
SOLD PRICE/LIST PRICE ~ 100.0%
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -2.3% -3.5%
AVERAGE DAYS ON MARKET ~
7
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 33.3% 235.0%
85 1
NEIGHBORHOODS Brookhaven - North Chamblee Doraville Brookhaven - South North Buckhead/Pine Hills 1 2 3 4 5 2 3 4 5 285 141 85 23 85 285
5.7% -3.6%
-32.9% -31.9%
2ND QUARTER 2023 KEY METRICS
AVERAGE
78 29 10 78 85 CITY OF TUCKER NEIGHBORHOODS City of Tucker - West City of Tucker - East 1 2 285 140 1 2
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -4.2% 1.0%
SOLD ~ 88 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -34.8% 6.0% SOLD PRICE/LIST PRICE ~ 99.8% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -1.0% -3.6%
SINGLE-FAMILY HOMES SALES PRICE ~ $421,438
#UNITS
DAYS
~ 7 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 16.7% 45.2%
ON MARKET
2ND QUARTER 2023 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $662,675
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER
#UNITS SOLD ~ 223
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -20.4% -32.8%
SOLD PRICE/LIST PRICE ~ 100.1%
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -1.8% -2.7%
AVERAGE DAYS ON MARKET ~ 6
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -3.4% 13.0%
85 85 1
NEIGHBORHOODS North Druid Hills Northlake Leafmore/Sagamore Hills Medlock Park Druid Hills 1 2 3 4 5 2 3 4 5 285 20 154 85 400 285 154
NORTH DECATUR
1.5%
-5.1%
2ND QUARTER 2023 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $1,032,444
#UNITS SOLD ~ 216
SOLD PRICE/LIST PRICE ~ 100%
85 INTOWN ATLANTA NEIGHBORHOODS Ansley Park + Lindridge Martin-Manor Virginia Highland + Morningside Candler Park + Lake Claire Kirkwood + Edgewood East Lake Cabbagetown + Reynoldstown Inman Park Old Fourth Ward Midtown 1 2 3 4 5 6 7 8 75 20 1 2 9 8 5 3 4 6 78 23 9 7
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 13.2% 15.6%
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -20.3% -33.2%
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -3.1% -1.6%
~ 7 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 56.1% 277.8%
AVERAGE DAYS ON MARKET
2ND QUARTER 2023 KEY METRICS
SINGLE-FAMILY
FROM
FROM
FROM
FROM
1 20 2 154 78 78 23 CITY
NEIGHBORHOODS Decatur Oakhurst 1 2
OF DECATUR
PRICE ~ $947,500
HOMES SALES
PREVIOUS YEAR
QUARTER 16.6% 23.3% #UNITS SOLD ~ 57
FROM PREVIOUS
YEAR
QUARTER -33.7% -23.5% SOLD PRICE/LIST PRICE ~ 101.4%
PREVIOUS
FROM PREVIOUS
-3.9% 0.2% AVERAGE DAYS ON MARKET ~ 6
PREVIOUS YEAR FROM PREVIOUS QUARTER
37.5% 75.0%
PREVIOUS YEAR FROM PREVIOUS QUARTER
2ND QUARTER 2023 KEY METRICS
154 1 3 2 4 20 285 10 78 285 78 20 SOUTH DECATUR NEIGHBORHOODS Scottdale Avondale Estates Belvedere Park Candler-McAfee 1 2 3 4 85
SINGLE-FAMILY HOMES
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 4.6% -7.8%
SOLD ~ 218 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -7.2% -32.9%
~ 99.1% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -3.3% -4.3%
SALES PRICE ~ $430,663
#UNITS
SOLD PRICE/LIST PRICE
SOUTHEAST ATLANTA
2ND QUARTER 2023 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $462,944
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -27.0% -37.0%
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER
75 675 285 166 154 4 2 5 6 7 9 1 8 3 285 85 20
NEIGHBORHOODS Summerhill/Peoplestown Grant Park Chosewood Park/Benteen Ormewood East Atlanta East Lake Terrace Gresham Park Pennington Park/Balleau Woods Lakewood 1 2 3 4 5 6 7 8 9
1.0% 6.7%
#UNITS SOLD ~ 251
SOLD PRICE/LIST PRICE ~ 99.3%
-2.2% -3.5%
AVERAGE DAYS ON MARKET ~ 15
56.8%
92.8%
2ND QUARTER 2023 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $339,990
#UNITS SOLD ~ 313
SOLD PRICE/LIST PRICE ~ 97.0%
AVERAGE DAYS ON MARKET ~ 25
85 1 SOUTHWEST ATLANTA NEIGHBORHOODS Audobon Forest/Cascade Heights West End/Adair Park Oakland City/Venetian Hills Pittsburgh/Sylvan Hills East Point Hapeville College Park 1 2 3 4 5 6 7 2 3 4 5 6 7 20 285 20 154 85 75
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -3.6% 3.3%
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -19.7% -44.6%
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -3.2% -3.4%
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 142.5% 55.1%
2ND QUARTER 2023 KEY METRICS
SINGLE-FAMILY HOMES
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 180.4% 54.7%
1 85 2 3 4 5 6 7 285 75 20 20 85 285
NEIGHBORHOODS Vinings Buckhead - West Underwood Hills/Westside Station Grove Park + Howell Station Mosley Park + Washington Park Collier Heights Riverside 1 2 3 4 5 6 7
WESTSIDE
SALES PRICE ~ $560,371
-3.9% -0.7%
#UNITS SOLD ~ 194
-27.9% -39.8%
SOLD PRICE/LIST PRICE ~ 98.0%
-2.2% -1.9%
AVERAGE DAYS ON MARKET ~ 22
MARKET ANALYSIS
2ND QUARTER 2023
CONDOS & TOWNHOMES
METRO ATLANTA
Our overview of the Condo and Townhome market includes 5 Metro Atlanta Areas that make up approximately 85% of the total Residential Attached sales. These areas are rich in high-density and multi-family housing. We also present Condos and Townhomes separately, because there is a substantial price difference between the two types of homes.
1 2 3 4 5 20 675 75 85 85 400 20 75 285 285
AREA BREAKDOWN CONDOS & TOWNHOMES Northwest Atlanta Northeast Atlanta North Decatur Intown Atlanta Westside 1 2 3 4 5
2ND QUARTER 2023 KEY METRICS
CONDOS
TOWNHOMES
ATLANTA
NORTHWEST
PRICE ~ $300,000 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -3.2% 3.6% #UNITS SOLD ~ 176 SOLD PRICE/LIST PRICE ~ 98.4% AVERAGE DAYS ON MARKET ~ 18 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -34.3% 31.3% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -1.6% 1.2% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 100% -28.0% SALES PRICE ~ $552,670 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -4.7% -2.3% #UNITS SOLD ~ 58 SOLD PRICE/LIST PRICE ~ 99.0% AVERAGE DAYS ON MARKET ~ 12 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -15.9% 26.1% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -2.6% 1.2% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 140.0% -36.8%
SALES
2ND QUARTER 2023 KEY METRICS
CONDOS
TOWNHOMES
NORTHEAST ATLANTA
SALES PRICE ~ $300,00 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 3.4% 0% #UNITS SOLD ~ 116 SOLD PRICE/LIST PRICE ~ 99.1% AVERAGE DAYS ON MARKET ~ 13 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -18.9% 78.5% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -2.3% 0.7% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 160.0% -40.9% SALES PRICE ~ $572,500 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -6.5% -1.9% #UNITS SOLD ~ 71 SOLD PRICE/LIST PRICE ~ 100% AVERAGE DAYS ON MARKET ~ 6 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -26.0% 4.4% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -1.9% 1.0% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 20.0% -70.0%
2ND QUARTER 2023 KEY METRICS
CONDOS
TOWNHOMES
NORTH DECATUR
SALES PRICE ~ $259,950 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 8.3% 9.7% #UNITS SOLD ~ 62 SOLD PRICE/LIST PRICE ~ 99.6% AVERAGE DAYS ON MARKET ~ 6 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -28.7% 63.2% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -2.6% 1.2% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 20.0% -70.0% SALES PRICE ~ $541,800 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 5.9% 23.7% #UNITS SOLD ~ 37 SOLD PRICE/LIST PRICE ~ 100% AVERAGE DAYS ON MARKET ~ 10 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -11.9% 117.6% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -3.0% 2.0% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 100.0% -33.3%
2ND QUARTER 2023 KEY METRICS
CONDOS
TOWNHOMES
INTOWN ATLANTA
SALES PRICE ~ $361,000 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 1.5% 9.7% #UNITS SOLD ~ 267 SOLD PRICE/LIST PRICE ~ 98.9% AVERAGE DAYS ON MARKET ~ 11 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -35.2% 15.6% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -1.1% 0.4% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 120.0% -38.9% SALES PRICE ~ $601,327 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 2.5% 4.2% #UNITS SOLD ~ 65 SOLD PRICE/LIST PRICE ~ 100% AVERAGE DAYS ON MARKET ~ 16 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -42.5% 20.4% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -1.6% 1.5% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 220.0% -15.8%
2ND QUARTER 2023 KEY METRICS
CONDOS
TOWNHOMES
WESTSIDE
SALES PRICE ~ $304,190 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 2.2% 9.1% #UNITS SOLD ~ 775 SOLD PRICE/LIST PRICE ~ 99% AVERAGE DAYS ON MARKET ~ 13 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -29.9% 43.9% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -1.7% 1.4% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 123.3% -38.7% SALES PRICE ~ $526,395 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 6.7% 13.2% #UNITS SOLD ~ 114 SOLD PRICE/LIST PRICE ~ 99.4% AVERAGE DAYS ON MARKET ~ 14 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -19.7% 21.3% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -2.2% 1.1% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 133.3% -60.0%
Disclaimer will go here about where data for Market Report was attained as well as some info on Keller Knapp, Inc fully supports the principles of the Fair Housing Act and the Equal Opportunity Act Lorem ipsum dolor sit amet consectetur adipiscing elit Maecenas mollis semper enim ac ultricies augue dignissim eget Vivamus vitae arcu in augue scelerisque vulputate 7 1 5 E A S T L A K E D R , D E C A T U R , G A 3 0 0 3 0 4 0 4 - 3 7 0 - 0 0 9 2 DECATUR OFFICE 1 0 2 7 M O N R O E D R , A T L A N T A , G A 3 0 3 0 6 4 0 4 - 5 9 4 - 8 7 0 0 MIDTOWN OFFICE 4 7 1 - A F L A T S H O A L S A V E S E , A T L A N T A , G A 3 0 3 1 6 4 0 4 - 2 5 4 - 5 2 0 6 EAST ATLANTA OFFICE K E L L E R K N A P P R E A L T Y . C O M
