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Grant Park Real Estate Update

Atlanta, GA 30312 :: Q1 2016 (Jan-Mar)

The Grant Park real estate market is still very strong and we have some very good news and home sales stats for Grant Park Atlanta homeowners in the market report below... Get the latest Grant Park Real Estate Market Update in Atlanta, GA

HOMES SOLD

A total of 24 homes sold in Grant Park in 1Q 2016.  This is down by about 30% from the same period last year, but right on par with 2013 and 2014.  The inventory levels are still VERY LOW in Grant Park, so if there were more homes on the market, the # of homes sold would definitely increase because the demand for Grant Park real estate is definitely there.

HOME PRICES

Grant Park home prices ranged from $80,900 to $706,000, with the average sales price at $367,496, a whopping $61,000 higher (20%) than 1Q 2015!  Truly amazing.

LET'S PUT THIS INTO PERSPECTIVE...

If you bought a $350,000 home in Grant Park last year, it is now worth $420,000!

The average percentage of asking price to final sales price was 96.6% -- or buyers were negotiating 3.4% off the asking price (on average). On a good note, 37.5% of the homes for sale sold at 100% or more of the asking price.

HOW QUICKLY ARE GRANT PARK HOMES SELLING?

On average, it took 58 days to sell a home in this popular Atlanta neighborhood.   That's almost 2 weeks longer than the same time last year (ouch!). After looking at the sales data in more detail, homes are either selling in the first two weeks or they are on the market for 100+ days. If you look at all the homes sold in Grant Park (at the bottom of this article), you'll see that the difference is dramatic.... and almost every home that took a long time to sell was OVERPRICED and they had to reduce their price several times.
  • 37.5% of the Grant Park homes sold in less than 2 weeks
  • 50% sold in less than a month
  • 25% took more than 3 months to sell and all but one had to reduce their price at least once

Grant Park Homes Sold in 1Q 2016

01/01/2016 - 03/31/2016  ::  Current Grant Park homes for sale
STREET BEDS BATHS LIST PRICE SOLD PRICE LP/SP % SQ FT DOM
481 Cherokee Ave 5 3.5 $739,000 $706,000 95.5%        3,264 54
379 Cherokee Pl 5 4.5 $624,900 $570,000 91.2%        3,300 85
550 Boulevard 4 2.5 $595,000 $520,000 87.4%        2,855 177
240 Sydney St 4 3F 2H $534,900 $510,000 95.3%        3,000 45
625 Cameron St 5 3 $499,900 $499,900 100.0%        2,500 5
921 Boulevard 3 2 $475,000 $445,000 93.7%        1,632 45
321 Glenwood Ave 3 2.5 $450,000 $437,500 97.2%        1,672 39
667 Glenwood Ave 3 2 $399,900 $387,000 96.8%        1,472 14
1000 Boulevard 3 2 $365,000 $352,000 96.4%        1,456 153
720 Hobart Ave 3 3.5 $350,000 $350,000 100.0%        1,750 5
313 Harden St 2 2 $345,000 $347,000 100.6%        1,500 21
475 Bryan St 2 2 $339,000 $339,000 100.0%        1,418 0
229 Sydney St 3 2.5 $350,000 $335,000 95.7%        1,450 5
481 Hill St 3 2 $350,000 $325,000 92.9%        1,221 83
872 Boulevard 3 2 $335,000 $316,445 94.5%        1,392 65
626 Atlanta Ave 2 2 $344,500 $311,000 90.3%        1,195 253
972 Boulevard 3 2.5 $309,000 $300,000 97.1%        1,461 116
680 Confederate Ave 3 2 $319,900 $290,000 90.7%        1,248 165
976 Boulevard 2 1 $287,000 $287,000 100.0%        1,354 23
731 Berne St 2 1.5 $285,000 $282,000 98.9%        1,088 2
702 Glenwood Ave 2 1 $224,900 $227,000 100.9%           832 3
775 Rosedale Ave 2 1.5 $224,900 $225,000 100.0%        1,032 5
617 Robinson Ave 3 1 $220,000 $223,000 101.4%        1,020 21
165 Richardson St 2 2 $79,900 $80,900 101.3%        1,379 7

Please note:  All Grant Park (30312) home sales data was extracted from FMLS on April 19, 2016 by Kerry Lucasse.  Information is deemed reliable but not guaranteed.  For the latest report of home sales activity, please call us at the number above and we'll be happy to email you a copy.

Have questions about the Grant Park real estate market and/or current home values?  

Contact the Nest Atlanta team anytime.  We are always here to help!

Call 404-205-8800 or visit inGrantPark.com