30319 Real Estate Market Update

3Q 2016 (July-September) :: Brought to you by Nest Atlanta :: 404-205-8800

We had another strong Summer / Early Fall selling season in Brookhaven.  In the report below you will see that some things are leveling off and in other areas, we are seeing record-breaking numbers!  See the full 30319 Real Estate Market Update below…

Check out the 30319 real estate market update for Brookhaven GA

 

30319 HOME SALES

A total of 155 single family homes sold in the third quarter of 2016.  It’s right on par with home sales over the last two years.

The absorption rate is very strong (2.5 months), due to the limited housing inventory in the lower price ranges (under $700K).

HOME PRICES IN BROOKHAVEN

The average single family home price in 1Q was $721,011.  That about $118,000 higher than the same time last year BUT — yes, there is a but! — this average price may be a bit inflated. Here’s why…

In the last 10+ years, only one Brookhaven home sold over $3.0 million and this quarter there were TWO homes that sold in this price range, so naturally that skewed our average a bit.

The median sales price in zip code 30319 was $590,000 and is a more accurate reflection of home values in Brookhaven / 30319.

** If you are curious about the record breaking prices in this zip code, scroll to the bottom of this post to see the most expensive homes sold in 3Q 2016.  The current record holder is  3820 Club Drive.  It sold for $3,825,000 in 2007.

HOW QUICKLY ARE HOMES SELLING IN 30319?

Last quarter, single family homes sold on in 57 days on average.  Because the time to sell a home varies greatly by the home’s price and there was a wider range than normal this quarter (i.e. low $200s to $3.4 million), we recommend using the median number (33 days) to get a better idea of how quickly homes are selling.

32% of the 30319 real estate listings sold in less than 2 weeks.

ARE BUYERS STILL WILLING TO PAY FULL PRICE?

Absolutely!  The list price to sales price percentage is 94.9%, so buyers are negotiating about 5.1% off the sales price (on average).   18.7% of the home sales were at 100% or more of the asking price.

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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

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30319 MARKET HIGHLIGHTS

  • 2 of the 3 most expensive homes sold this quarter — over $3.0 million!
  • 32% of the 30319 real estate listings sold in less than 2 weeks
  • Housing inventory is still very low – especially single family homes under $700K
  • About 20% of the homes sold over asking price (down a bit from previous years)

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Most Expensive Homes Sold in Brookhaven, GA 30319

Top 25 home sales between 7/1/2016-9/30/2016 :: See what’s currently for sale in Brookhaven’s 30319 zip code

ADDRESS NEIGHBORHOOD BEDS BATHS LIST PRICE SALES PRICE DOM
3914 Club Dr NE Brookhaven 6 5F 3H $3,595,000 $3,481,000 26
4000 Brookhaven Dr Brookhaven 5 5F 2H $3,100,000 $3,007,000 1
3915 Club Dr NE Brookhaven 5 4F 2H $2,100,000 $1,920,000 104
4543 Club Circle Club Forest 6 6F 2H $1,749,000 $1,749,000 238
2875  Mabry Lane Brookhaven 5 4F 2H $1,875,000 $1,675,000 66
3070 Lanier Dr NE Oglethorpe Estates 6 6.5 $1,700,000 $1,600,000 76
4080 Brookhaven Dr Brookhaven 4 4.5 $1,599,000 $1,599,000 0
900 Club Station Dr Historic Brookhaven 5 4.5 $1,599,000 $1,517,500 61
4412 Club Dr NE Brookhaven 5 4.5 $1,625,000 $1,500,000 496
4192 Club Drive Brookhaven 4 4F 2H $1,599,900 $1,485,000 68
3915 Vermont Rd Brookhaven 5 5.5 $1,550,000 $1,350,000 164
1431 Hearst Dr NE Oglethorpe Estates 5 5.5 $1,499,000 $1,350,000 235
917 Stovall Blvd Brookhaven 4 3 $1,499,000 $1,337,500 244
3012 Oglethorpe Way Park At Oglethorpe 6 4.5 $1,430,000 $1,310,000 382
3535 Kingsboro Rd Ridgedale Park 6 4.5 $1,425,000 $1,309,000 91
1088 Hunters Brook Ct Brookhaven 5 5.5 $1,299,000 $1,281,000 22
2837 Redding Rd Ashford Park 5 4.5 $1,350,000 $1,275,000 263
1529 Windsor Pkwy Park At Oglethorpe 5 5.5 $1,275,000 $1,255,000 13
1010 Club Lane Brookhaven 5 3 $1,350,000 $1,190,000 74
1688 Windsor Pkwy Windsor Oaks 5 4.5 $1,250,000 $1,180,000 123
3067 Oglethorpe Way Park At Oglethorpe 5 5.5 $1,199,777 $1,174,777 24
4110 Chippewa Place Nancy Creek Heights 5 4.5 $950,000 $1,167,983 21
2619 Dogwood Terr Ashford Park 5 4.5 $1,150,000 $1,150,000 15
1040 Balmoral Rd Derby Hills 5 4.5 $1,299,000 $1,100,000 191
2662 Thompson Rd Ashford Park 5 4.5 $1,125,000 $1,081,500 20

PLEASE NOTE:  The Brookhaven 30319 real estate data (zip code 30319) was extracted from the Atlanta FMLS on October 11, 2016 and interpreted by Kerry Lucasse with the Nest Atlanta Real Estate Group at eXp Realty. All information is deemed reliable but is not warranted.  If you would like the complete report of 30319 home sales (including home photos), please text or call Kerry at 404-432-1844.  

MORE ABOUT 30319 REAL ESTATE

Brookhaven GA Real Estate Market Report – 2Q 2016

Sarah Smith Elementary

Ashford Park Elementary

Official City of Brookhaven website

30319 Real Estate for Sale

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