Kirkwood Home Sales & Real Estate Trends

Q3 2016 (July-September) :: Presented by Nest Atlanta Real Estate Group

Kirkwood is officially one of the hottest real estate markets in the Intown Atlanta area right now and once you see the Kirkwood home sales stats, we’re sure you’ll agree… and probably pat yourself on the back if you currently own a home in this charming neighborhood.  Take a peek below at the 3Q 2016 Kirkwood Home Sales & Real Estate Trends Report….

It's time for the 3Q 2016 Kirkwood Home Sales and Real Estate Trends Report!

3Q 2016 Kirkwood Home Sales Overview

KIRKWOOD HOME SALES

Over the last five years, an average of 43 single family homes sold in the 3rd quarter.   This year, 60 Kirkwood homes sold!

On average, about 20 homes per month sell in Kirkwood.  Currently there are only 28 homes for sale, so inventory levels are VERY LOW.  The absorption rate is less than 1.5 months and a typical “balanced market” has about 6 months of inventory for sale at any given time.

What does this mean to YOU?  Well, if you are a Kirkwood home owner that is thinking of selling your home in the next 3 to 9 months, you will be in one of the strongest seller’s markets we’ve seen in decades.  If you are thinking of buying a home in Kirkwood, be prepared for bidding wars and offering over the asking price.  Make sure you have a local real estate agent by your side who knows the Kirkwood real estate market well so they can advise you on the best offer strategy.

** Be sure to scroll down to the bottom of this post to sell all the homes that sold in Kirkwood this quarter.

HOME PRICES IN KIRKWOOD

The average sales price this quarter was $366,540.  That’s $18,000 HIGHER (5.0%) from the same time last year and $100,000 more than the average sales price during the peak of the market in 2007.  Pretty impressive!

  • The median Kirkwood home sales price was $367,000
  • Homes ranged in price from $140,000 all the way up to $680,000
  • 10% of the homes were new construction and sold in the mid $500s to high $600s

ARE BUYERS STILL PAYING CLOSE TO ASKING PRICE?

Definitely!  Kirkwood homes sold at 98.8% of the asking price, on average.  The median was 99.8%, meaning that buyers only negotiated about 0.2% off the asking price.  Last quarter, 50% sold at or over the asking price.

HOW FAST ARE HOMES SELLING?

The time it takes to sell a home in Kirkwood is only 38 days on average, but 48% of the properties sold in less than 2 weeks.

The median number of days a home is on the market was only 15 and this is most likely a better reflection of the current market in Kirkwood, as many of the new construction homes are listed before they are complete and end up taking longer to sell.  The typical home should sell in about 15 days if it is priced at fair market value.

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Have questions about this market report?  Call us anytime at 404-432-1844.

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Recent Kirkwood Home Sales

Listings sold in Kirkwood Atlanta 7/1/16-9/30/16 :: See all the latest Kirkwood real estate listings

ADDRESS BEDS BATHS LIST PRICE SOLD PRICE DOM*
238 Murray Hill Ave 5 4 $699,900 $680,000 14
1915 Trotti St 5 4 $650,000 $663,000 5
2284 Oakview Rd 4 3 $649,000 $646,000 220
2096 Delano Dr 4 3 $599,000 $605,000 27
370 Park Pl 4 3.5 $578,700 $550,000 27
263 Murray Hill Ave 4 3 $545,000 $534,000 15
1677 Stanwood Ave 4 3 $529,900 $529,900 3
1585 Paxon St 4 3 $549,000 $520,000 111
224 Warren St 4 2 $485,000 $485,000 6
1638 Alder Ct 4 3 $475,000 $470,000 150
2314 1st Ave 4 3 $479,900 $470,000 33
91 Bates Ave 3 2.5 $499,900 $469,000 36
154 Eleanor St 4 3.5 $500,000 $450,000 179
358 Murray Hill Ave 3 2.5 $449,900 $449,900 5
17 Bates Ave 3 2 $459,000 $440,000 29
249 Martha Ave 4 3 $525,000 $440,000 76
88 Clifton St 3 2.5 $449,000 $439,000 4
154 Locust St 3 2 $424,900 $435,000 10
223 Sisson Ave 3 2 $395,000 $420,000 6
2286 Oakview Rd 3 2 $399,900 $420,000 4
2271 Hosea L Williams 4 3 $445,000 $415,000 37
2049 Robson Pl 2 2 $399,900 $415,000 11
97 Rogers St 3 2 $409,900 $415,000 4
76 Clay St 3 2 $419,900 $410,000 28
129 Martha Ave 3 2 $399,900 $405,000 12
124 Lake Terr 3 2.5 $399,900 $405,000 1
2165 Hosea L Williams 4 3 $419,900 $399,900 37
135 Palatka 4 2.5 $400,000 $395,000 36
2306 Sutton 3 2 $389,900 $392,900 7
2085 EMERY 5 2 $379,900 $369,000 15
2310 Hosea L Williams 4 2 $364,900 $364,900 2
19 Wyman St 3 2 $355,000 $355,000 5
204 Locust St 3 2 $350,000 $350,000 3
44 Clay St 3 2 $365,000 $350,000 19
2089 College Ave 4 2 $349,900 $349,900 20
2277 Ridgedale Rd NE 3 2 $379,000 $347,000 18
208 Palatka St 3 3 $349,900 $325,000 332
2140 Hosea L Williams 3 2 $349,900 $315,000 71
288 Leland Terr 3 2 $310,000 $315,000 9
1557 Paxon St 3 2.5 $310,000 $305,000 13
141 Warren St 3 2 $300,000 $302,680 16
87 Warren St 2 2 $299,000 $289,000 51
151 Murray Hill Ave 2 1 $269,900 $272,000 3
111 Montgomery 3 2 $299,900 $270,000 43
196 Murray Hill Ave 3 2 $279,900 $270,000 20
1470 Woodbine Ave 3 2 $260,000 $263,000 52
69 Lake Terr 3 2 $249,900 $255,000 11
2299 Sutton St 2 1 $250,000 $250,000 3
187 Dearborn St 2 2 $239,900 $239,900 46
344 Sisson Ave 2 1 $225,000 $235,000 12
5 Lakeview Dr 3 1 $275,000 $220,000 75
212 Locust St 3 2 $215,000 $210,000 9
159 Palatka St 2 1 $149,900 $206,000 7
93 Dearborn St 3 1 $199,900 $205,000 11
139 Campbell St 3 2 $184,900 $184,900 68
386 Eleanor St 2 1 $179,000 $175,000 12
139 Bixby Terr 2 1 $165,000 $168,000 22
147 Palatka St 2 1 $129,900 $165,000 7
1500 Woodbine Ave 2 1 $200,000 $157,500 62
2015 Bixby St 2 1 $150,000 $140,000 8

* DOM stands for “Days on Market” or the time it took to sell the home.

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Have questions about the Kirkwood real estate market and current home values?  Call the Nest Atlanta team at eXp Realty anytime.  Our Kirkwood real estate specialists are always here to help!

404-205-8600

Or visit us at:  inKirkwood.com

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Kirkwood real estate sales data was extracted from Atlanta FMLS on October 15, 2016 and interpreted by Kerry Lucasse with eXp Realty.  Information is deemed reliable but is not warranted and subject to change.