Metro Atlanta Home Sales Remain Brisk
Home buyers are out in force in Metro Atlanta! They are also motivated and decisive. I’ve been writing many offers for the past few weeks! While home buyers remain a bit choosy, they are also taking fast action when they see something they like. Based on our current sales activity, I expect that our real estate market will have a very busy summer!
As always, there is some variety when it comes to how quickly a home will sell. The home condition, location, price range, and local market demand are all part of the picture. Here’s some examples from the Atlanta Business Journal:
Single-family, detached homes in Buckhead have an average sales price of just under $1.1 million, and they are averaging 97 days on market. While market conditions remain favorable to Buckhead home sellers, and Jumbo mortgages still offer advantageous rates, there is a smaller pool of buyers at this price range. Sellers of luxury homes need to be a little patient. The good news, is that patience is being rewarded with offers averaging 92% of the sales price.
The real estate market in Sandy Springs tells a similar story. Single-family homes located outside of the Interstate 285 perimeter have an average sales price of about $616,700, and spend about 100 days on market. Sellers of these homes are getting about 94% of their asking price. Sandy Springs homes inside of the perimeter have an average sales price of about $833,000, and average 108 days on market. These sellers are getting 92% of their asking price.
Meanwhile, Brookhaven homes have an average sales price just under $500k, and home sales are brisk in this price range. These homes are spending only 48 days on market, and sellers are getting 95% of their asking price.
This is just a small sampling of our market activity! I will be happy to provide you with a personal consultation about your home value and the market trends in your neighborhood. Contact me today for your comparative market analysis! It’s free, and there is no obligation to sell your home.
Have questions about Atlanta real estate? I’m only a phone call or email away.
Jill Heineck
Associate Broker
Heineck & Company at Keller Williams Realty
Phone: (404) 418-9157
Email: jill@heineckandcompany.com
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