Kirkwood Home Sales & Market Trends Report
1Q (January – March) 2017 :: Atlanta’s Historic Kirkwood Neighborhood
For those of you that currently own a home in Atlanta’s oh-so-hot Kirkwood neighborhood, we are even more excited to share the 1Q 2017 Market Update with you! Once you see the jaw-dropping stats we know you’ll want to give yourselves a pat on the back for investing your time and money in this amazing Intown commmunity.
|ALL Kirkwood Homes for Sale||New Homes in Kirkwood Atlanta|
|Just Listed this Week in Kirkwood||30317 Real Estate for Sale|
Overivew of the 1Q Kirkwood Real Estate Market
A total of 35 single family homes sold in Kirkwood between January and March. This is down by 15% from the last three years. The demand for homes in Kirkwood is stronger than ever, but current residents love all that’s happening in the neighborhood and aren’t moving! We’re forecasting that this inventory shortage will continue throughout 2017.
** See all the Kirkwood homes that recently sold at the bottom of this report!
We saw another BIG BIG BIG increase in the average single family home sales price this quarter, at $422,169. That’s almost a $40,000 INCREASE from the same time last year. Not too shabby, Kirkwoodians!
A few more interesting nuggets on Kirkwood home values:
- In 1Q, home sales ranged in price from $200,500 to $685,000, with the median sales price at $415,000
- The average sales price has more than DOUBLED from 2011 ($176K vs $422K)
- When looking at home prices in the first quarter of 2015 vs 2017, the average single family home price rose $116,000 — that’s almost a 40% increase in just TWO years!
To put this in perspective, let’s say that you purchased a $325,000 home in Kirkwood two years ago. If you decided to sell it today, there is a good chance that your home is now worth about $440,000. Mind blowing, right??
Aren’t you just the tiniest bit curious what your 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 DOES IT TAKE TO SELL A HOME?
Homes took 44 days to sell on average — BUT 57% of the Kirkwood homes sold in less than 2 weeks.
The median number of days on market was only 6 and we would consider that a more accurate reflection of what is happening in today’s real estate market, as were a few factors at play. First, several new construction and/or home renovations were listed in the MLS before the homes were finished. Also, several homes priced a little too high when they were first listed and they sat on the market – some for almost a year!
Long story short, if you are thinking of selling your home and it is priced at fair market value, it will probably sell within 2 weeks (if not the first weekend!).
ARE BUYERS STILL PAYING TOP DOLLAR?
Yessir! Last quarter homes sold at 98.4% of the asking price, on average — or buyers were able to negotiate an average of 1.6% off the asking price. If you are looking for a home in ths neighborhood, make sure you consult with your agent, as you’ll probably need to offer at least the full asking price, as 52% of the homes sold at or OVER the listing price. The numbers say it all!
Have questions about this home sales report? Want to learn more about the neighborhood? The Nest Atlanta team lives and works in Kirkwood, so we’d love to help with your questions! Call us anytime at:
** Be sure to ask for a Kirkwood neighborhood specialist!
JUST LISTED HOMES IN KIRKWOOD
Homes Sold in Kirkwood
1/1/2017 – 3/31/2017 :: See all the latest homes for sale in Kirkwood
|1947||Bixby St SE||4||3||$509,000||$515,000||3|
|2067||Ridgedale Rd NE||4||2.5||$485,000||$507,500||6|
|25||Rogers St SE||3||2.5||$414,900||$480,000||5|
|1721||Dixie St SE||4||2.5||$475,000||$451,500||39|
|146||Clay St SE||4||3.5||$435,000||$386,000||84|
PLEASE NOTE: The homes sales data used in this Kirkwood real estate market report was extracted from the Atlanta MLS on April 17, 2017 and interpreted by Kerry Lucasse with eXp Realty. Information is deemed reliable, but is not guaranteed and subject to change.
Nest Atlanta team at eXp Realty :: 404-205-8800
… your intown atlanta real estate market gurus!
More Kirkwood Real Estate Resources