Virginia Highland Homes Sales & Market Trends Report

3Q 2016 (July-Sept) :: Brought to you by Nest Atlanta Real Estate Group

The Virginia Highland real estate market seemed to be slowing down over the last few quarters, but it popped right back up again with a large percentage of million dollar home sales and lower inventory caused almost half of the listings to sell in less than two weeks.  Read the full Virginia Highland Home Sales and Market Trends Report.... Check out the 3Q Virginia Highland home sales report and get the scoop on the real estate market trends. .

3Q 2016 VAHI Market Trends Report

Virginia Highland Home Sales

26 homes sold in the 3rd quarter of this year, which is DOWN 30% from the same time last year. Inventory levels are still quite low, with less than 3 months of Virginia Highland listings for sale and only one new home was listed in the last week. We think there are two issues at play...
  • Buyers are getting priced out of the neighborhood.  23% of the homes sold last quarter were over a million dollars and if you look at the current Virginia Highland homes for sale, over 40% of the listings are over a million dollars.
  • Many home owners have expressed concern about the uncertainty of the upcoming election and having a challenging time finding their new home before the put their current one on the market.  The demand for real estate in this popular Intown neighborhood is still very strong -- especially for homes under $800K, so hopefully more home owners will feel comfortable in the near future and put their homes on the market!

Home Prices

The average sales price for a single family home skyrocketed to $785,875 -- UP $101K from the same time last year.  This is the biggest spike we've seen in a few years and it could be due to the high percentage of homes that sold over the million dollar mark (23%) and very few listings were available in the lower price points. Nest Atlanta homes sold in Virginia HighlandThe highest priced home in Virginia Highland was sold by Nest Atlanta's very own Jenny Schwartz! This stunning new construction home at 749 Ponce De Leon Terrace NE featured 4 bedrooms, 4.5 baths, chef's kitchen and an open floor plans. Muffley&Assoc was the listing broker and Jenny Schwartz at eXp Realty was the buyer broker.  This gem sold for a whopping $1,299,900 - the highest in 3Q 2016! ** See all the Virginia Highland home sales and stats at the bottom of this article,  

How quickly are homes selling?

Virginia Highland homes are selling in 38 days on average, which is a bit faster than the same time last year.  The median number of days on the market was only 25 and that's probably a more accurate reflection of the current 30306 real estate market. Also, 43% of the homes sold in less than 2 weeks! .

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

or visit our Virginia Highland Real Estate Guide.   What is your home worth in Atlanta and Decatur Georgia? .

Recent Virginia Highland Home Sales

7/1/2016-9/30/2016 :: See all the latest real estate for sale in Virginia Highland
ADDRESS BEDS BEDS LIST PRICE SOLD PRICE DOM
749 Ponce De Leon Terr 4 4.5 $1,299,900 $1,299,900 55
1185 Lanier Blvd NE 5 5.5 $1,299,000 $1,273,000 26
566 Cresthill Ave NE 4 3.5 $1,150,000 $1,060,000 112
932 Highland Ave 4 3.5 $1,099,000 $1,050,000 12
560 Cresthill Ave NE 4 3 $1,099,000 $1,043,200 8
1151 Lanier Blvd NE 6 4 $1,150,000 $1,015,000 48
740 Virginia Circle 4 4 $995,000 $970,000 7
1102 Saint Charles Pl 5 4.5 $939,000 $959,000 1
852 Adair Ave 5 4 $1,050,000 $950,000 26
1356 Chalmette Dr 6 5 $899,900 $859,000 109
1104 Rosedale Rd 4 4 $839,900 $840,000 7
939 Highland View 3 3 $895,000 $812,500 10
890 Drewry St NE 3 2.5 $749,900 $715,000 112
930 Adair Ave 3 2 $725,000 $715,000 10
1097 Hudson Dr 3 2.5 $700,000 $710,000 4
1066 Virginia Ave NE 3 2 $699,900 $707,500 5
1012 Bellevue Dr 3 2 $699,500 $689,000 19
1159 Saint Louis Pl 3 2 $725,000 $651,000 180
861 Arlington Pl 4 2 $749,000 $650,000 48
1170 Rosedale Rd 3 2 $675,000 $650,000 24
952 Highland Terr 3 2 $639,000 $630,000 14
1020 Greenwood Ave 3 2 $550,000 $550,000 7
739 Ponce De Leon Pl 2 2.5 $450,000 $442,750 26
1254 Stillwood Dr 3 2 $465,000 $440,000 52
1319 Chalmette Dr 3 3 $439,000 $425,900 30
1165 Monroe Dr 3 2 $425,000 $325,000 47
Virginia Highland home sales data was extracted from the Atlanta FMLS on 10/31/2016 and interpreted by Kerry Lucasse with eXp Realty.  If you'd like a copy of the full home sales report (including photos and property details), please reach out to Kerry at 404-432-1844 and we'd be happy to send you the report. .

Other Virginia Highland Resources

2015 Review of the Virginia Highland Real Estate Market Atlanta homes for sale in Springdale Park Elementary (SPARK) Other Atlanta neighborhoods near EMORY 30306 Real Estate for Sale (including Virginia Highland and part of Morningside, Poncey Highland, Druid Hills)