Brookhaven GA Real Estate Market Update

1Q 2016 (Jan-March) :: Brought to you by Nest Atlanta :: 404-205-8800

Brookhaven has one of the strongest real estate markets in Metro Atlanta and we love being able to share how this community is growing... and thriving!  See how Brookhaven home sales fared in the first quarter of 2016.... How's the market? Get the full update with the Brookhaven GA Real Estate Market Report 2016

HOME SALES

A total of 105 single family homes sold in the first quarter of 2016.  It's up about 9.0% from the same time last year when 95 homes sold.  The absorption rate very strong (2.5 months), due to the limited inventory.  We don't know how long the seller's market will continue, but if you are contemplating selling your Brookhaven home in the near future, please check our market updates every quarter so you can pick the best time to sell at top dollar... or you can call our Brookhaven real estate experts at 404-205-8800.

BROOKHAVEN HOME PRICES

The average single family home price in 1Q was $630,614.  That about $17,000 higher than the same time last year (2.8%), but slightly below the overall 2015 average.  Looking back to before the market crashed, the average Brookhaven home sales price is right on par with the pre-crash pricing - it was $611K in first quarter of 2008 vs $630K today.   ** Brookhaven home prices ranged from $239,900 to $2,250,000 in first quarter.

HOW QUICKLY ARE HOMES SELLING IN BROOKHAVEN GA?

Last quarter, single family homes sold on in 62 days on average.  The median # of days on the market was only 35 days and that's probably a more accurate reflection of the current market, as 41% of the Brookhaven listings sold in less than 2 weeks.  

ARE BUYERS STILL WILLING TO PAYFULL PRICE?

Absolutely!  The list price to sales price percentage is 95.6%, so buyers are negotiating about 4.4% off the sales price (on average).   27% of the home sales were at 100% or more of the asking price.   Learn more about the Brookhaven community and tour all the current homes for sale... Search Brookhaven GA real estate for sale, direct from the Atlanta MLS

Have questions about the real estate market in Brookhaven, Georgia and current home values?  Call the Nest Atlanta Real Estate Group anytime.  

Text / call :: 404-432-1844

. PLEASE NOTE:  The Brookhaven real estate data (zip code 30319) was extracted from the Atlanta FMLS on April 16, 2016 and interpreted by Kerry Lucasse with the Nest Atlanta team at eXp Realty. All information is deemed reliable but is not guaranteed and is subject to change.  If you would like the complete report of Brookhaven home sales (including home photos), please text or call Kerry at 404-432-1844.  I'd be happy to send to you!