Kirkwood Atlanta Real Estate Report for 2016

Every year that we report on the Kirkwood Atlanta real estate market, we are even more amazed at the growth.  Once again, we broke several records (average sales price, most expensive home sold, etc) and are thrilled to share these jaw-dropping sales stats with you.

If you are currently a home owner in the fabulous Kirkwood neighborhood, please give yourself a BIG pat on the back — by investing in this neighborhood, you’ve not only built some serious equity in your home, you’ve also helped make Kirkwood one of the most sought-after communities in Atlanta!

Amazing stats in the Kirkwood Atlanta real estate market update for 2016

 

KIRKWOOD HOME SALES

Over the last six years, an average of 158 homes sold each year in Kirkwood.   In 2016, we experienced another big spike with 191 homes selling in Atlanta’s HOT Kirkwood neighborhood.

13% of the home sales were new construction (up from 9% in 2015) and there were at least as many recently renovated Kirkwood homes that sold this year.

Check out the latest Kirkwood Atlanta home prices and see how values are rising.HOME PRICES

We saw another BIG increase in the average single family home sales price and finished the year at $381,443.  That’s $46,000 HIGHER than 2015 (or 13.7% year over year).

More interesting home value stats:

  • The average sales price in Kirkwood has more than doubled from the  bottom of the market when the 2011 average sales price was only $180,000.
  • From 2014 to 2016, the average single family home price rose $88,000 — that is more than a 30% increase in just TWO years!

…. So if you purchased a $325,000 home two years ago, there is a good chance that it is currently worth about $410,000.

  • 2015 home sales ranged in price from $686,000 to just $112,000
  • View the most expensive homes sold in Kirkwood at the bottom of this report

Wondering what YOUR Kirkwood home is worth?  Request a home valuation and we’ll email you a full report with an estimate on your home’s current value.

 

HOW LONG DID IT TAKE TO SELL A HOME IN 2016?

Kirkwood homes sold in 42 days on average, but 57% of the homes sold in less than 2 weeks.  The median number of days on market was only 14 and we would consider that a more accurate reflection of what is happening in today’s real estate market, as there were several new construction and/or home renovations that were listed in the MLS before they were finished, so they were on the market for 200 to 300 days and that skewed the average.

Long story short, if you are thinking of selling your home and it is priced at fair market value, it will probably sell within 14 days.

ARE KIRKWOOD HOME BUYERS STILL PAYING TOP DOLLAR?  

Yes!  Kirkwood homes sold at 99.3% of the asking price, on average.  An astounding 51% of the homes sold at or OVER the asking price.

Multiple offers are commonplace in Kirkwood, so if you are planning on buying a home in this fabulous n’hood, be prepared to make a strong offer and don’t be afraid to offer over the asking price if the value is there (check with your agent first, of course!).   If you plan to sell your Kirkwood home, we highly recommend that you don’t “pad” the listing price in order to have room for negotiations.

* TIP:  If you are thinking of selling your Kirkwood home in 2016, don’t “pad” the listing price.  If you list your home at the fair market value, potential buyers will typically offer very close to your asking price… and 50% will offer at or OVER your list price.  

What is your home worth in Atlanta and Decatur Georgia?

Most Expensive Homes Sold in Kirkwood

1/1/2016-12/31/2016 :: See all the latest Kirkwood homes for sale

ADDRESS BEDS BATHS SQ FT LIST PRICE SALE PRICE DOM
106 Warren St SE 5 3.5 3200 $700,000 $686,000 14
238 Murray Hill Ave 5 4 3200 $699,900 $680,000 14
206 Warren St NE 5 4.5 3500 $679,900 $679,900 7
137 Mellrich Ave 4 3 2800 $675,000 $675,000 94
1915 Trotti St 5 4 2783 $650,000 $663,000 4
1941 Trotti St 4 3 3016 $647,500 $647,500 11
2284 Oakview Rd 4 3 3100 $649,000 $646,000 219
2096 Delano Dr 4 3 2500 $599,000 $605,000 27
2045 Dunwoody St 4 3.5 2522 $650,000 $600,000 90
366 Leland Terr 4 3 2811 $588,900 $591,400 215
96 Bates Ave NE 4 3 3400 $599,900 $588,000 12
361 Murray Hill Ave 5 4 3893 $669,000 $584,800 295
2131 Ridgedale Rd NE 4 3 2632 $560,000 $575,000 2
260 Kirkwood Rd 5 3 3000 $650,000 $575,000 121
1963 Wade Ave 4 3 $575,000 $575,000 39
193 Howard St 4 3.5 2574 $579,000 $565,000 13
286 Norwood Ave 4 3 2958 $599,900 $564,540 156
21 Lakeview Dr 4 3 3050 $599,900 $557,500 42
370 Park Pl 4 3.5 2694 $578,700 $550,000 119
37 Rockford Rd SE 4 2.5 2500 $559,900 $550,000 12
276 Kirkwood Rd 4 4 2508 $549,000 $549,000 2
1896 Hosea Williams 4 3.5 2220 $550,000 $545,000 4
1679 Dixie St SE 4 3.5 2568 $549,900 $545,000 45
1985 Hallman St 4 3.5 3085 $549,900 $542,500 18
36 Rogers St SE 4 2.5 2136 $535,000 $535,000 7

The Kirkwood Atlanta real estate market sales above were extracted on January 22, 2017 from the FMLS and interpreted by Kerry Lucasse with the Nest Atlanta team at eXp Realty. Information is deemed reliable but is not guaranteed and subject to change.  For a complete list of recently sold homes in Kirkwood, please email us at wecare [at] nestatlanta.com and we’d be happy to email you a copy.

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Have questions about the Kirkwood Atlanta real estate market and or your home’s current value?  We’re always here to help!  Call the Nest Atlanta team at eXp Realty anytime at 404-205-8800.

inKirkwood.com

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A-mazing Kirkwood Atlanta Real Estate Market Stats

Amazing stats in the Kirkwood Atlanta real estate market update for 2016