FROM OUR PRINCIPAL BROKER
WESLEE KNAPP
You know what I’ve learned this year? While 2024 has seen a lot of change in the real estate market, it doesn’t change the fact that hiring a REALTOR® to ensure good real estate fundamentals is more important than ever.
Earlier this year, we saw a landmark lawsuit turn NAR and the residential real estate market on its heels. It has forced agents and brokers to change the way we do business, the way we’ve worked together with other agents, and how we communicate with each other and our clients. And, at Keller Knapp, we believe that change is good – it has reinforced the rules that have always been there and have pushed our industry to be more transparent.
That being said, the fundamentals of buying and/or selling a home have not changed. Investing in real estate – whether it’s a home for your family to live in, a second home, a rental property or a flipper – is the most timetested way to build generational wealth.
Historically, we know that interest rates increase and decrease. Inventory and affordability often move up and down with each other. Market activity fluctuates seasonally. But, it’s said that the best time to buy real estate is….5 years ago. Why? Because, looking in the rearview mirror, real estate is one of the best investments that will stand the test of time for just about anyone.
When the time comes to buy or sell real estate, hiring a qualified REALTOR® is more important than ever. At Keller Knapp Realty, we help our clients navigate through a market full of change, while maintaining a strong knowledge of the fundamentals. And, with more than 20 years of experience as Atlanta’s most trusted neighborhood real estate firm, we’ve seen it all. When you’re ready, we’re ready!
Sincerely,
Weslee Knapp, REALTOR® Principal Broker, Owner Local Real Estate Expertise... Like Only a Neighbor Can.
3RD QUARTER
SINGLE-FAMILY
ANALYSIS
QUARTER 2024 SINGLE-FAMILY HOMES
3RD QUARTER 2024 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $1,570,572
#UNITS SOLD ~ 169
SOLD PRICE/LIST PRICE ~ 96.1%
AVERAGE DAYS ON MARKET ~ 23
NORTHWEST ATLANTA
NEIGHBORHOODS
Sandy Springs (W)
Sandy Springs (S)
Chastain Park
Peachtree Hills/Peachtree Park Collier
3RD QUARTER 2024 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $785,250
#UNITS SOLD ~ 163
SOLD PRICE/LIST PRICE ~ 97.6%
AVERAGE DAYS ON MARKET ~ 9
3RD QUARTER 2024 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $482,250
#UNITS SOLD ~ 89
SOLD PRICE/LIST PRICE ~ 99.4%
AVERAGE DAYS ON MARKET ~ 11
3RD QUARTER 2024 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $672,510
#UNITS SOLD ~ 178
SOLD PRICE/LIST PRICE ~ 98.8%
AVERAGE DAYS ON MARKET ~ 9
3RD QUARTER 2024 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $889,685
#UNITS SOLD ~ 175
SOLD PRICE/LIST PRICE ~ 97.3%
AVERAGE DAYS ON MARKET ~ 19
INTOWN ATLANTA
3RD QUARTER 2024 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $864,000
#UNITS SOLD ~ 39
SOLD PRICE/LIST PRICE ~ 100.1%
AVERAGE DAYS ON MARKET ~ 6
3RD QUARTER 2024 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $397,375
#UNITS SOLD ~ 172
SOLD PRICE/LIST PRICE ~
SOUTHEAST ATLANTA
3RD QUARTER 2024 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $449,649
#UNITS SOLD ~ 223
SOLD PRICE/LIST PRICE ~ 97.1%
AVERAGE DAYS ON MARKET ~ 19
3RD QUARTER 2024 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $310,923
#UNITS SOLD ~ 280
SOLD PRICE/LIST PRICE ~ 94.7%
AVERAGE DAYS ON MARKET ~ 31
SOUTHWEST ATLANTA
3RD QUARTER 2024 KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE ~ $549,196
#UNITS SOLD ~ 186
SOLD PRICE/LIST PRICE ~ 96.6%
AVERAGE DAYS ON MARKET ~ 19
3RD QUARTER
CONDOS & TOWNHOMES
TOWNHOMES ANALYSIS QUARTER 2024
Our overview of the Condo and Townhome market includes 5 Metro Atlanta Areas that make up approximately 85% of the total Residential Attached
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.
3RD
CONDOS
TOWNHOMES
CONDOS
TOWNHOMES
3RD QUARTER 2024 KEY METRICS
CONDOS
TOWNHOMES
CONDOS
TOWNHOMES
3RD QUARTER 2024 KEY METRICS
CONDOS
TOWNHOMES
EAST ATLANTA OFFICE