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...
HOMES SOLDA 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 PRICESGrant 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.
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.
LET'S PUT THIS INTO PERSPECTIVE...
If you bought a $350,000 home in Grant Park last year, it is now worth $420,000!
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 201601/01/2016 - 03/31/2016 :: Current Grant Park homes for sale
|STREET||BEDS||BATHS||LIST PRICE||SOLD PRICE||LP/SP %||SQ FT||DOM|
|240||Sydney St||4||3F 2H||$534,900||$510,000||95.3%||3,000||45|
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.