Market Reports Archives -

Midtown Atlanta 2018 Year End Real Estate Market Report

March 23, 2019 by Thom Abbott

Midtown Atlanta is most often referred to as the most walkable neighborhood in all of the Metro Atlanta area. And that certainly is true. Step out the door of your home or condominium, and lots and lots of restaurants, some shopping, two MARTA transit stations, theater and art museums are all within walking distance. Not to mention the numerous festivals that happen each year in Midtown Atlanta’s “backyard” …. Piedmont Park.

A majority of the living options in Midtown Atlanta consist of condominiums and apartments. The area known as Historic Midtown is the only area with single family homes.

For the purpose of this report, we tried to outline what is considered Midtown in the MLS, as indicate in the photo on the right.

Midtown Atlanta 2018 Year End Real Estate Market Report

Disclaimer: As we do this “15,000 ft overview” of the Midtown Atlanta market, we attempted to keep the search as indicate in the map above. So places like Ansley Park or Atlantic Station are NOT represented in this report.

Single Family Homes

Single family homes in Midtown Atlanta, are found in what is referred to as Historic Midtown, and area primarily defined by 10th Street, Monroe Drive, North Avenue and Piedmont Avenue.

There were 25 homes that sold in 2018, ranging in price from $500,000 to $1,680,000. CLICK HERE to see the report.

Condominiums/Townhomes

Midtown Atlanta is best known for condominium living. And the choices range for converted homes with only 4 units to major high-rise buildings with 400 homes! And as you can see in this 2018 Year End Report, there is a range of prices! There were a total of 667 sales in the area for 2018!

86 condominiums sold between $500,000 and above. This accounted for about 13 percent of the market

78 homes sold between $400,000 and $500,000 or about 12 percent of the market.

160 homes sold between $300,000 and $400,000, about 24 percent of the market.

343 homes, or 51% of the Midtown Atlanta condo market sold for less than $300,000.

82 condos sold for less than $200,000 or about 12 percent of the total sales.

CLICK HERE to see the Complete 2018 Market Report — $500,000 Plus

CLICK HERE to see the Complete 2018 Market Report — $400,000 — $500,000

$300,000 — $400,000 CLICK HERE

$300,000 or less CLICK HERE

What’s The Real Estate Market Like In Midtown Atlanta?

Midtown Atlanta’s real estate market is still moving strong in 2019. However, we are starting to see some homes remain on the market longer and not the past frenzy of offers (and sometimes multiple offers) within a day of going on the market. 2019 will also see the values moderate. This is a GOOD THING, AND NOT A SIGN OF ANY TROUBLE! A real estate market cannot continue at 6% or more appreciation each year. If that were to happen, Midtown Atlanta, or ANY area of Atlanta could quickly become unaffordable to many people. So we look forward to continued price and value appreciation, but just not as dramatic as we have seen in the past few years.

If you are looking to Buy or Sell a home in Midtown Atlanta, MyMidtownMojo.com can help!

Selling? Do you want to sell your Midtown Atlanta single family home or condominium? Call us today at 770.713.1505 to schedule a free market analysis of your home. Or, complete our Seller Information Form and we will be in touch with you!

Buying? Are you looking to buy a Midtown Atlanta home, condo or townhome? We can set up specific searches for you based on price, community or other specifics you may be looking for. In a competitive Seller’s Market, we can alert you of new listings within minutes of them hitting the market! Just complete out Buyer Information Form, or let’s schedule a time to talk about what you are looking for!

Contact MyMidtownMojo and Thomas Ramon Realty@Palmer House Properties at 770.713.1505 or Info@MyMidtownMojo.com for all your Midtown Atlanta real estate needs!

Buckhead 2018 Year End Real Estate Market Report

March 22, 2019 by Thom Abbott

The Buckhead area of Atlanta is usually associated with the “mega-mansions” of places like Tuxedo Park or West Paces Ferry Road, where you find the Governor’s Mansion. For the purpose of this overall Buckhead 2018 Year End Real Estate Market Report, we will just focus on the primary zip code of 30305. Yes, there are parts of 30309, also referred to as Brookwood that could be considered Buckhead as well. But this “snapshot” will give you an idea of the home sales in 2018. You can find more information about Buckhead here.

Buckhead 2018 Year End Real Estate Market Report

Disclaimer: As we do this “15,000 ft overview” of the Buckhead market, there are certainly other homes/neighborhoods that could qualify to be part of Buckhead. But these numbers are from FMLS and Zip Code 30305.

Single Family Homes

Buckhead 2018 Year End Real Estate Market Report — Photo Courtesy of Harry Norman Realtors

We had to break down the single family homes into three categories, just like we did with our Brookhaven, GA Real Estate Market Report. So we will look at homes sold over $1m, homes sold $500,000 – $999,000 and finally homes sold for less than $500,000.

Over $1 Million — There were 104 homes sold, ranging from a high of $4.975M in Tuxedo Park to $1M in Haynes Manor on Peachtree Battle Avenue.

$500,000 – $999,000 — This price range had the highest number of home sales, at 160 homes sold. They ranged from a high of $985,000 in Peachtree Park to $500,000 in Peachtree Hills.

$500,000 or less — As you might expect for Buckhead, there were not many homes sales less than $500,000! Lucky Number 13 to be exact…ranging from a high of $490,000 to a low of $429,900 in Peachtree Hills.

Buckhead, as we mentioned earlier, is known for the mega-mansions along West Paces Ferry, as well as being home to Lenox Mall, Phipps Plaza, the former Ritz Carlton Buckhead and the Buckhead Atlanta shopping area on Pharr Road.

To see the Complete 2018 Market Report CLICK HERE — $1 Million Plus

To see the Complete 2018 Market Report CLICK HERE — $500,000 – $999,000

To see the Complete 2018 Market Report CLICK HERE — $500,000 or less

Condominiums/Townhomes

Buckhead is also known for its pricey condominiums and townhomes! There were 471 sales in 2018, ranging from $3,700,000 at The St. Regis down to a low of $81,000 at Slaton Manor. How’s THAT for a price range of homes….Wow! Of those 471, an amazing number of 365 homes sold under $500,000.

CLICK HERE to see the Complete 2018 Market Report — $500,000 Plus

CLICK HERE to see the Complete 2018 Market Report — $500,000 or less (it’s a big one!)

What’s The Real Estate Market Like In Buckhead?

Buckhead is somewhat of a unique part of the real estate landscape of Atlanta. It’s the place where the mansions are….the shopping and some pretty awesome restaurants. The area is seeing its share of new apartment buildings (think Icon Buckhead next to the Waldorf-Astoria) and upcoming changes to Phipps Plaza as they add a hotel and other amenities. The fact that there were 365 condo sales under $500,000, and there were many that were in the $200-300,000 range make it still affordable for many.

If you are looking to Buy or Sell a home in Buckhead, MyMidtownMojo.com can help!

Selling? Do you want to sell your Buckhead single family home or condominium? Call us today at 770.713.1505 to schedule a free market analysis of your home. Or, complete our Seller Information Form and we will be in touch with you!

Buying? Are you looking to buy a Buckhead home, condo or townhome? We can set up specific searches for you based on price, community or other specifics you may be looking for. In a competitive Seller’s Market, we can alert you of new listings within minutes of them hitting the market! Just complete out Buyer Information Form, or let’s schedule a time to talk about what you are looking for!

Contact MyMidtownMojo and Thomas Ramon Realty@Palmer House Properties at 770.713.1505 or Info@MyMidtownMojo.com for all your Buckhead real estate needs!

Atlanta Real Estate Market Brief — February 2019

March 19, 2019 by Thom Abbott

The Atlanta REALTORS® Association has released their Atlanta Real Estate Market Brief — February 2019.

This market brief examines sales and prices in an 11-county area consisting of Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Fayette, Henry and Paulding Counties. ( So take note…this is a really, really BROAD look at the real estate market in Metro Atlanta!)

Overall residential sales were at 3,464 which is a decrease of 7.4% from the previous year. When you look at price (both average and median) you see they continue to gain traction and are ahead of 2018 numbers. The median sales price in February was $264,000, an increase of 5.6% from February, 2018. The average Sales Price was up by 5.3% to $319,000.

What’s The Atlanta Inventory Like?

Inventory increased by 15.7% from February, 2018 with 12,806 active listings. (Remember those MetroBrokers digital signs back in the day that had 80,000, 90,000 and even 100,000 homes For Sale? Shreeeeek!) New listings were up by 15.4% from February, 2018. The month’s supply over a 12-month period decreased to 2.6 months.

Is This A Normal Real Estate Market?

A normal real estate market has 6 months of inventory. Less than 6 months (as indicated above) is a Seller’s market, and more than 6 months is a Buyer’s market. More inventory means buyers can probably get the Seller to negotiate more on price or other concessions. In a Seller’s market, we find homes selling for list price, and even above list price.

My word of caution in a report as broad as this…..real estate is all about location, location, location. These average sales numbers are just that… an average and what you may see in your neighborhood, city or specific condominium building may vastly differ from these numbers. This is why it’s always best to get a real estate professional to give you a market picture for your home and neighborhood/building.

If you have questions about the value of your home, give us a call, or just fill out the form below and we will be in touch with you!

Brookhaven GA 2018 Year End Real Estate Market Report

March 3, 2019 by Thom Abbott

Brookhaven, GA has always been a desirable location to live, ever since I’ve live in Atlanta! And when it became a city, I think that desirability grew even more as they looked to make things better like zoning and parks.

In this post, we want to focus on the 2018 real estate year in Brookhaven and what the real estate market was like. You can find more information about Brookhaven here.

Brookhaven GA 2018 Year End Real Estate Market Report

Disclaimer: As we do this “15,000 ft overview” of the Brookhaven market, please keep in mind many factors come into play as we pull market numbers. Some homes listed as Brookhaven, are not actually IN the city limits of Brookhaven. Ashford Park is a prime example…parts of it are actually in Chamblee, so some homes will get listed in Chamblee and some get listed in Brookhaven. But this overview will give you a good idea of what’s happening in the Brookhaven area.

Single Family Homes

We had to break down the single family home sales into three categories: Homes sold over $1m, homes sold $500,000 -$999,000 and finally homes sold for $499,999 or less. In 2018, those numbers look like this:

Over $1 Million — There were 49 sales in 2018, ranging from several at $1M to a high of $2,600,000 for 2799 Mabry Road.

$500,000 – $999,000 — A whooping 335 homes sold in this price range in 2018, ranging from $502,000 to $993,000

$500,000 or less — And there was an impressive 169 homes sold in this price range, from a low of $215,000 to a high of $495,000. There is a good chance than many of these homes in the lower price range were torn down to make way for the higher priced new construction that Brookhaven is seeing. On some streets in Brookhaven, we would not be surprised if in a few years there will be no original homes left…having all been torn down and replaced with new construction. It’s pretty amazing.

Brookhaven has a MARTA station on Peachtree Road, and another, just outside its city limits with the Medical Center station on the North side. Town Brookhaven has been the city’s “downtown” of sorts, and now a new development, including a hotel has been proposed right in front of Town Brookhaven,.

CLICK HERE to see the Complete 2018 Market Report – $1 Million

CLICK HERE to see the Complete 2018 Market Report – $500,000 – $999,000

CLICK HERE to see the Complete 2018 Market Report – $500,000 or less

Condominiums/Townhomes

Brookhaven has a variety of condominium and townhome communities. Surprisingly enough, there were like 60-some sales of condominium homes that were in the range of $205,000 or less….making Brookhaven still an affordable location for first time buyers. We do expect, however, to see those prices continue to rise in the coming years as the city works on making changes to areas like Buford Highway where any new construction will be way above these kinds of prices.

In 2018, there 380 sales, ranging in price from $106,000 at Keys Lake Condominiums (off Buford Highway) to a very impressive $1,350,000 for a home at The Aldredge. In looking at the report, you can see a majority of the sales were in the $400-600,000 range.

CLICK HERE to see the Complete 2018 Market Report

What’s The Real Estate Market Like in Brookhaven?

As we said earlier in this report….the housing boom of “tear-down and build new” will most likely continue into the future. We suspect it won’t be long any many streets will no longer have any of the older homes left…all having been torn down and replaced with the much larger $1m+ homes!

Townhomes and condominiums are still affordable in many areas of Brookhaven, but land prices and new construction will surely change that. There are numerous large, older apartment complexes that are more than likely going to get bought up and torn down to make way for new construction. It’s a challenge the city is looking to deal with to include affordable housing requirements for new construction. How that all plays out remains to be seen.

If you are looking to Buy or Sell a home in Brookhaven, MyMidtownMojo.com can help!

Selling? Do you want to sell your Brookhaven single family home or condominium? Call us today at 770.713.1505 to schedule a free market analysis of your home. Or, complete our Seller Information Form and we will be in touch with you!

Buying? Are you looking to buy a Brookhaven home, condo or townhome? We can set up specific searches for you based on price, community or other specifics you may be looking for. In a competitive Seller’s Market, we can alert you of new listings within minutes of them hitting the market! Just complete out Buyer Information Form, or let’s schedule a time to talk about what you are looking for!

Contact MyMidtownMojo and Thomas Ramon Realty@Palmer House Properties at 770.713.1505 or Info@MyMidtownMojo.com for all your Brookhaven real estate needs!

Chamblee GA 2018 Year End Real Estate Market Report

March 3, 2019 by Thom Abbott

Chamblee, Georgia is found between Brookhaven and Doraville. In recent years, this sleepy “little town” has become a vibrant place to live with existing single family neighborhoods, numerous condo options and now, new single family and townhome construction. Also it’s prime location ITP (Inside The Perimeter) has made home values rise dramatically in the past few years.

In this post, we want to focus on the 2018 real estate year in Chamblee and what the real estate market was like. You can find more information about Chamblee here.

Chamblee GA 2018 Year End Real Estate Market Report

Disclaimer: The 30341 Zip Code, which is the primary one for the city, extends WELL beyond the actual boundaries of the City of Chamblee. Therefore, we have worked to limit the scope of this report to real estate sales specifically in the City. But, you will also find homes listed with Chamblee as the city that are not actually inside the Chamblee City limits.

Single Family Homes

In 2018, there were 158 single family homes sold, ranging in price from $153,300 to $880,000. Yes, that is quite the range of home prices. But Chamblee still has “up and coming” areas with recent annexation of areas between Buford Highway and I-285, and more established areas like Huntley Hills, which has started to see new infill construction, and then new construction communities like The Collection at Perimeter Park that has both single-family and townhome options.

Chamblee values (i.e. prices) have risen dramatically in recent years, but as we mentioned there are still several areas where homes can be purchased and with renovations, theses neighborhoods will likely see their prices rise in the future as well.

CLICK HERE to see the Complete 2018 Market Report

Condominiums/Townhomes

This ever popular type of home, both condominium and townhomes, has options in both in Chamblee. Most of the condominium-type communities are located close to Downtown Chamblee and the MARTA station, making them convenient for people who may work in Midtown or Downtown. The arrival of the Whole Foods Market and Peachtree Station shopping center have also been a great addition to the area.

In 2018, there 111 sales, ranging in price from $175,000 at Lofts at 5300 to $526,592 at the new Townsend Chamblee townhome community on Chamblee Dunwoody Road. There are several new townhome communities under construction in the area, and several others in development stages.

CLICK HERE to see the Complete 2018 Market Report

What’s The Real Estate Market Like in Chamblee?

If you are looking for a place where home values have been rising, and will be sure to rise, then look at Chamblee. The City is working on the redevelopment of its Downtown area, not to mention all the other construction that is happening. There are numerous new rental options also available, or coming on-line in the near future to give you an opportunity to experience Chamblee short term, and then find the perfect neighborhood for you!

Affordable single family homes can still be found in some neighborhoods, and like Doraville, are perfect for renovations to return them to the mid-century modern glory. A fully renovated home can easily sell in the low $300,000 range.

Another great source of information about Chamblee can be found at the Chamblee City Website.

If you are looking to Buy or Sell a home in Chamblee, MyMidtownMojo.com can help! We have lived in the Chamblee area for 20-plus years and have seen the changes and opportunities here!

Selling? Do you want to sell your Chamblee single family home or condominium? Call us today at 770.713.1505 to schedule a free market analysis of your home. Or, complete our Seller Information Form and we will be in touch with you!

Buying? Are you looking to buy a Chamblee home, condo or townhome? We can set up specific searches for you based on price, community or other specifics you may be looking for. In a competitive Seller’s Market, we can alert you of new listings within minutes of them hitting the market! Just complete out Buyer Information Form, or let’s schedule a time to talk about what you are looking for!

Contact MyMidtownMojo and Thomas Ramon Realty@Palmer House Properties at 770.713.1505 or Info@MyMidtownMojo.com for all your Chamblee real estate needs!

Doraville GA 2018 Year End Real Estate Market Report

February 27, 2019 by Thom Abbott

Doraville, Georgia might be considered a suburb to some, but it’s prime location at I-285 and I-85 make it a convenient ITP (Inside The Perimeter) location. And one to watch the rising values in the next couple years!

In this post, we want to focus on the 2018 real estate year in Doraville and what the real estate market was like. You can find more information about Doraville here.

Doraville GA 2018 Year End Real Estate Market Report

Disclaimer: The 30340 Zip Code, which is the primary one for the city, extends WELL beyond the actual boundaries of the City of Doraville. Therefore, we have worked to limit the scope of this report to real estate sales specifically in the City.

Single Family Homes

In 2018, there were 44 single family homes sold, ranging in price from $145,000 to $510,300. Thankfully, Doraville is finally experiencing new home construction with the arrival of The Heights at Carver Hills. Hence, this is where you will find homes in the $500,000 range. A majority of the homes sold in the range of $235,000 to $294,900.

Doraville is still an incredible value to be ITP with access to two major freeways AND a MARTA station!

CLICK HERE to see the Complete 2018 Market Report

Condominiums/Townhomes

This ever popular type of home, both condominium and townhomes, have not been much of a factor in the Doraville real estate market, with limited places to choose from. However, with the arrival of The Heights at Carver Hills, home buyers will now have a new construction opportunity, just of Peachtree Industrial and I-285.

In 2018, there 22 sales, ranging in price from $95,000 at Chestnut Creek to $443,815 at The Heights at Carver Hills. Most of these sales were limited to Aspen Woods, Ashlyn Point, Avery Park and Chestnut Place.

CLICK HERE to see the Complete 2018 Market Report

What’s The Real Estate Market Like in Doraville?

If you are looking for hidden value, and a place where home values have been rising, and will be sure to rise, then look at Doraville! While slow out of the gate, the redevelopment of the former GM Doraville plant to Assembly Doraville is sure to draw more attention to the area. There may be future condo living of some sort at Assembly, but if so, you can expect that construction would start in the $400-500,000 range.

Single family homes are still very affordable based on ITP prices, and many homes in Doraville are perfect for renovations to return them to the mid-century modern glory. A fully renovated home can easily sell in the low $300,000 range.

If you are looking to Buy or Sell a home in Doraville, MyAtlantaMojo.com can help!

Selling? Do you want to sell your Doraville single family home or condominium? Call us today at 770.713.1505 to schedule a free market analysis of your home. Or, complete our Seller Information Form and we will be in touch with you!

Buying? Are you looking to buy a Doraville home, condo or townhome? We can set up specific searches for you based on price, community or other specifics you may be looking for. In a competitive Seller’s Market, we can alert you of new listings within minutes of them hitting the market! Just complete out Buyer Information Form, or let’s schedule a time to talk about what you are looking for!

Contact MyMidtownMojo and Thomas Ramon Realty@Palmer House Properties at 770.713.1505 or Info@MyMidtownMojo.com for all your Doraville real estate needs!

Midtown Atlanta 2018 Year End Real Estate Market Report

Single Family Homes

Condominiums/Townhomes

Contact MyMidtownMojo and Thomas Ramon Realty@Palmer House Properties at 770.713.1505 or Info@MyMidtownMojo.com for all your Midtown Atlanta real estate needs!

Buckhead 2018 Year End Real Estate Market Report

Single Family Homes

Condominiums/Townhomes

Contact MyMidtownMojo and Thomas Ramon Realty@Palmer House Properties at 770.713.1505 or Info@MyMidtownMojo.com for all your Buckhead real estate needs!

What’s The Atlanta Inventory Like?

Is This A Normal Real Estate Market?

Brookhaven GA 2018 Year End Real Estate Market Report

Single Family Homes

Condominiums/Townhomes

What’s The Real Estate Market Like in Brookhaven?

Contact MyMidtownMojo and Thomas Ramon Realty@Palmer House Properties at 770.713.1505 or Info@MyMidtownMojo.com for all your Brookhaven real estate needs!

Chamblee GA 2018 Year End Real Estate Market Report

Single Family Homes

Condominiums/Townhomes

What’s The Real Estate Market Like in Chamblee?

Contact MyMidtownMojo and Thomas Ramon Realty@Palmer House Properties at 770.713.1505 or Info@MyMidtownMojo.com for all your Chamblee real estate needs!

Doraville GA 2018 Year End Real Estate Market Report

Single Family Homes

Condominiums/Townhomes

What’s The Real Estate Market Like in Doraville?

Contact MyMidtownMojo and Thomas Ramon Realty@Palmer House Properties at 770.713.1505 or Info@MyMidtownMojo.com for all your Doraville real estate needs!

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