KELLER KNAPP’S 2020 NEIGHBORHOOD HIGHLIGHTS
RANKED ALL 57 NEIGHBORHOODS FOR EACH OF OUR 5 KEY STATS • Sales Price Appreciation • $ per Sq Ft • Units Sold • Days on Market • SP/OLP Ratio
SALES PRICE APPRECIATION Neighborhoods with high sales appreciation are in high demand and may be likely to have higher rates of appreciation than other neighborhoods. TOP 3 NEIGHBORHOODS IN ATLANTA: SALES APPRECIATION Grove Park/Howell Station: $275,417 Median Price | + 55.4% Appreciation Riverside: $314,688 Median Price | + 35.9% Appreciation College Park: $315,152 Median Price | + 33.6% Appreciation
SALES PRICE APPRECIATION While Howell Station may be out of the price range for first-time buyers, Grove Park represents great opportunity!
• Atlanta Beltline and Bellwood Quarry/Westside Park • Microsoft’s $150M+ “Quarry Yards” development • Building permit moratorium is bad for investors but gives more opportunity to owner-occupants!
$ PER SQ FT Neighborhoods with lower $/Sq Ft generally means more affordability and “more bang for the buck” for buyers. TOP 3 NEIGHBORHOODS IN ATLANTA: $ PER SQ FT East Lake Terrace: $311,421 Median Price | 2.1% $ per Sq Ft Doraville: $227,588 Median Price | 5.8% $ per Sq Ft College Park: $315,152 Median Price | 6.0% per Sq Ft
$ PER SQ FT East Lake Terrace is convenient to just about everything but is a tucked away gem in the city!
• On average, 123 sq ft larger and $29.1/SQFT less than East Atlanta. • Lots of investor activity means more renovated homes on the market.
# UNITS SOLD Neighborhoods with more home sales, generally had more inventory. Which may mean less competition and more choices. TOP 3 NEIGHBORHOODS IN ATLANTA: #UNITS SOLD Riverside: $314,688 Median Price | + 34.0% units sold Chosewood/Boulevard Heights: $361,433 Median Price | + 21.4% units sold Doraville: $277,558 Median Price | + 12.7% units sold
# UNITS SOLD Riverside was voted the 5th Hottest Neighborhood in the US in 2017.
• Bellwood Quarry, Westside Park, Upper Westside & West Midtown • Historic homes dating back to the 1800’s, particularly Whittier Mill/Whittier Village • Prices are affordable, more choices, less competition
DAYS ON MARKET Neighborhoods with higher DOM may mean less competition and more motivated sellers. TOP 3 NEIGHBORHOODS IN ATLANTA: DAYS ON MARKET Doraville: $277,558 Median Price | + 104.9% DOM Grove Park/Howell Station: $275,417 Median Price | + 64.3% DOM Chosewood Park/Boulevard Heights: $361,433 Median Price | + 25.5% DOM
DAYS ON MARKET Doraville is only half OTP...so it counts as intown!
• Near the cultural oasis of Buford Highway • Steadily improving area with vibrant and diverse communities. • Now is the time…before investors tap out in Chamblee and move to Doraville.
SALE PRICE / LIST PRICE RATIO Neighborhoods with lower SP/LP% may have less competition, more room for negotiation and possibly more seller concessions. TOP 3 NEIGHBORHOODS IN ATLANTA: SP/LP% Tucker: $327,911 Median Price | + 0.7% SP/LP% Scottdale/Valley Brook: $326,216 Median Price | + 0.7% SP/LP% Riverside: $314,688 Median Price | + 0.7% SP/LP%
SALES PRICE / LIST PRICE RATIO Tucker offers buyers a great balance of affordability and quality.
• Primarily brick ranch homes, which is low maintenance • Typically, larger lot size than ITP • Downtown/Main Street business district • While technically OTP, the convenience to Decatur and Atlanta makes Tucker an honorary intown neighborhood.