Nest Atlanta presents...

Edgewood Real Estate Market Report for 2Q 2016

Atlanta's Edgewood community took a big leap in home values this year, thanks to some new construction, new developments along Moreland Avenue and the more affordable Intown home prices.  We are thrilled to share some jaw-dropping sales stats with you in this edition of the Edgewood real estate market report.... Get the latest Atlanta home sales trends with the Edgewood Real Estate Market Report

Sumary of the Edgewood Real Estate Market

HOME SALES

In 2Q (April-June), a total of 19 homes sold in Edgewood.  This is down by about 30% from the same time last year, but the GOOD NEWS is that most of the investment or fixer upper homes have new owners and are in the process of renovation!  In 2Q 2016, almost 30% of the Edgewood home sales were under $199K.  We didn't see ANY home sales this year at that price point.

HOME PRICES

The average single family home sales price was $378,765 last quarter.  That is a whopping $100,000 INCREASE (36%) from the same time last year. As mentioned above, all the low dollar homes seem to have been scooped up, so the least expensive Edgewood home sold in Spring 2016 was $207,500 (vs $85,000 last year).  Edgewood home sales prices ranged from $207,500 to $537,000 with the median price at $379,000.

HOW QUICKLY ARE EDGEWOOD HOMES SELLING?

Because inventory levels were down this year, homes sold much faster than usual and averaged just 24 days on the market.  Last year at this time, it took almost twice as long to sell a home in Edgewood... 46 days to be exact! An astounding 63% of the Edgewood homes sold in less than 2 weeks.

ARE SELLERS STILL GETTING CLOSE TO THE ASKING PRICE?

Absolutely!  If homes are priced at fair market value when they are first listed, buyers flock to the homes and are willing to pay at or over the asking price.  On average, Edgewood homes sold at 98.5% of the asking price, but more than half (53%) sold in less than 2 weeks. .

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Explore all the homes for sale in Edgewood Atlanta

Edgewood Real Estate Sales YTD

January - June, 2016 :: See all the latest homes for sale in Edgewood
ADDRESS BEDS BATHS LIST PRICE SALE PRICE DOM
63 Whitefoord Ave 4 3 $525,000 $537,000 0
1360 Finley St 3 2.5 $529,000 $529,000 6
203 Flora Ave 5 3 $540,000 $505,000 59
187 Whitefoord Ave 4 3 $499,900 $499,900 7
93 Dahlgren St 3 3 $459,000 $460,000 74
1282 Wylie St 4 2.5 $475,000 $450,000 175
1532 Foote St 4 3 $425,000 $430,500 4
20 Sanderson St 4 3 $459,000 $430,000 42
240 Mayson Ave 4 3.5 $425,000 $429,000 4
1219 Mortimer Pl 3 2.5 $415,000 $415,000 7
184 Hutchinson St 3 2 $410,000 $412,000 6
1351 Wylie St 3 2 $399,900 $400,600 0
49 Whitefoord Ave 4 3 $400,000 $397,000 46
36 Whitefoord Ave 3 2 $359,900 $379,000 3
10 Leslie St 3 2 $389,900 $349,000 39
135 Mortimer St 3 2 $340,000 $345,000 5
41 Vinson Dr 3 2 $334,900 $342,000 5
164 Whitefoord Ave 4 3 $297,500 $335,000 6
72 Flora Ave 2 2 $340,000 $335,000 15
71 Vannoy St 3 2 $339,000 $334,500 16
206 Flora Ave 2 2 $300,000 $317,500 3
1485 Memorial Dr 4 3 $325,000 $310,000 47
51 Vinson Dr 2 2 $299,000 $284,000 25
130 Battlefield 2 2 $270,000 $276,000 4
80 Dahlgren St 3 2 $272,500 $272,500 97
1365 Hardee St 3 2 $281,000 $266,000 46
30 Leslie St 3 1 $265,900 $260,000 99
259 Patterson Ave 3 2 $239,900 $220,000 215
1526 Foote St 3 1 $210,000 $207,500 7
30 Hutchinson St 3 1.5 $169,900 $165,000 10
61 Moreland Ave 3 1 $179,900 $164,000 125
1550 Marona St 3 2.5 $149,900 $150,000 33
184 Dahlgren St 2 1 $126,000 $141,100 6
1533 Foote St 3 1 $140,000 $123,000 38
** DOM stands for "Days on Market" or the time it took to sell the house. Edgewood Atlanta real estate sales data (single family homes only) extracted from the Atlanta MLS on August 20. Data was interpreted by Kerry Lucasse with the Nest Atlanta Real Estate Group at eXp Realty.  If you would like a detailed report of Edgewood home sales (including photos), please contact Kerry at 404-432-1844 and we'd be happy to email a copy to you! .

Helpful Edgewood Resources

Search MLS for all the Homes for Sale in Edgewood Atlanta More Atlanta Real Estate Market Reports Edgewood Neighborhood Association 30317 Real Estate for Sale   This Edgewood Real Estate Report was brought to you by your Intown Neighborhood experts at the Nest Atlanta Real Estate Group.  For more information about how we help home buyers and home sellers, please visit us at NestAtlanta.com or call anytime at 404-205-8800.