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…
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.
Learn more about the Brookhaven community and tour all the current homes for sale…
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
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)
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|
|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|
|1431||Hearst Dr NE||Oglethorpe Estates||5||5.5||$1,499,000||$1,350,000||235|
|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|
|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