Virginia Highland Real Estate Market Report

Atlanta, Georgia 30306 :: 2017 Home Sales & Market Trends

We are thrilled to present the 2017 Virginia Highland real estate market report!  This popular (and extremely charming) Intown Atlanta neighborhood saw a BIG spike in the average home sales price and homes were selling at a record pace.  Check out the latest VAHI market update below, along with recently sold homes, 30306 pricing trends and our forecast for 2018.  Please don't hesitate to reach out to us at 404-432-1844 if you have any questions.

 

2017 Overview of the Virginia Highlands Real Estate Market

HOMES SOLD

81 single family homes sold in Virginia Highlands in 2017.  That's down significantly from the previous year when 2019 homes sold.  The low inventory most likely contributed to the spike in home prices, as you'll see in the next section of this market report.

VIRGINIA HIGHLAND HOME PRICES 

The average single family home sales price in Atlanta's Virginia Highland neighborhood is $848,899.  That's a remarkable $71,000 spike from the same time last year -- about a 9% increase year over year!

  • Single family home sales prices ranged from $420,000 to $1,725,000 in 2017
  • The median sales price was $775,000
  • Less than 10% of the homes were new construction and all but one sold for over $1M

HOW QUICKLY ARE HOMES SELLING?

In 2017, Virginia Highlands homes sold in 51 days on average.  That's down 10% from 2016.  The biggest change was the median number of days it took to sell a home --  only 13 days.  That's almost two weeks LESS to sell a home in Virginia Highland!  If you are thinking of selling your home, please note that the median is a more accurate representation of the current real estate market.

57% of the Virginia Highland homes sold in 2 weeks or LESS!

*** See all the homes that sold below, including how long it took to sell each one.  The last column is called "DOM" and that stands for "Days on the Market".  

ARE BUYERS STILL WILLING TO PAY TOP DOLLAR?

Definitely!  The list price to sales price percentage is 97.4%, so buyers are negotiating about 2.6% off the sales price (on average).  This was a solid increase from 2016, when the listing price to final sales price was only 95%.  A 2% increase means $17,000 more for the average VAHI homeowner.

35% of the Virginia Highlands homes sold at at 100% or more of the asking price..

OUR FORECAST FOR 2018 

Home prices / vales will continue to grow, but at a more modest rate

Time on market :: The higher priced homes ($1.2M and up) will sit on the market longer than in recent years, but homes in the lower price point (under $650K) will sell quickly and may still have multiple offers

Home sales :: Will stay on par with this year or dip slightly, as many home owners seek to better understand the new 2018 taxes and how (or if) property tax and mortgage interest deductions will impact their bottom line.

What is your home worth in Atlanta and Decatur Georgia?

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Current Homes for Sale in Virginia Highland


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Virginia Highland Homes Sold in 2017

Single family home sales :: January 1, 2017 to December 31, 2017

ADDRESS BEDS BATHS LIST SOLD DOM
1020 Bellevue Dr 5 4.5 $1,849,000 $1,725,000 63
929 Adair Ave 4 3.5 $1,599,000 $1,550,000 26
988 Lanier Blvd 5 4 $1,375,000 $1,418,435 8
1117 Hudson Dr 5 4.5 $1,439,000 $1,410,000 214
751 Drewry St 5 4.5 $1,375,000 $1,375,000 6
853 Ponce De Leon 4 5 $1,525,000 $1,360,000 86
1156 Saint Augustine 5 3.5 $1,395,000 $1,330,000 12
1080 Rosedale Rd 7 6 $1,298,000 $1,306,870 16
1029 Drewry St 5 4.5 $1,350,000 $1,300,000 173
1087 Virginia Ave NE 4 5 $1,299,500 $1,300,000 10
1100 Rosedale Dr 5 4.5 $1,227,500 $1,215,000 3
1008 Rosewood Dr 4 3 $1,250,000 $1,195,000 12
830 Ponce De Leon 3 5 $1,390,000 $1,189,000 184
1009 Adair Ave 4 3 $1,175,000 $1,175,000 1
989 Drewry St 7 8 $1,199,500 $1,175,000 555
757 Drewry St 5 4.5 $1,295,000 $1,150,000 154
664 Cresthill Ave 4 4 $1,149,000 $1,100,000 6
533 Orme Circle 4 3.5 $1,175,000 $1,050,000 100
1162 Saint Augustine 5 4.5 $999,850 $1,040,000 3
1146 Briarcliff Pl 4 3.5 $1,050,000 $1,010,000 25
1151 Orme Cir 4 4 $1,024,000 $968,200 13
791 Crestridge Dr 5 4.5 $959,000 $941,000 735
964 Highland Ave 3 3 $900,000 $925,000 5
1310 Highland Ave 5 3 $949,000 $912,000 43
1035 Rosedale Rd 5 4 $900,000 $903,500 9
750 Drewry St 3 3 $900,000 $900,000 2
1092 Rosewood Dr 4 3 $899,000 $899,000 2
976 Adair Ave 3 2 $899,000 $899,000 20
796 Clemont Dr 4 3 $925,000 $885,000 25
791 Barnett St NE 4 3.5 $850,000 $850,000 8
1338 Highland 4 3 $924,900 $835,000 60
677 Elmwood Dr 3 2.5 $799,000 $825,000 4
1167 Saint Louis Pl 3 3.5 $825,000 $825,000 3
617 Cresthill Ave 3 3 $825,000 $823,000 4
910 Los Angeles Ave 2 2.5 $795,000 $820,000 6
788 Bonaventure Ave 3 2 $800,000 $800,000 12
1310 Stillwood Dr 4 3.5 $824,900 $787,500 67
1250 Briarwood Dr 5 3.5 $799,900 $786,000 92
767 Brookridge Dr 3 2 $779,900 $780,000 3
952 Highland View 3 3 $849,000 $776,000 21
1127 Stillwood Dr 3 2 $769,000 $775,000 2
1154 Saint Charles Pl 4 3.5 $840,000 $765,000 234
639 Elmwood Dr 5 3 $775,000 $755,000 8
933 Highland Ave 3 3 $775,000 $745,000 34
751 Park Dr 3 2 $739,000 $739,000 5
1082 Bellevue Dr 3 2 $750,000 $739,000 4
1035 Rosewood Dr 4 2 $738,000 $738,000 9
754 Virginia Circle 5 2 $699,000 $735,000 3
797 Crestridge Dr 3 2.5 $775,000 $735,000 210
1110 Rosedale Dr 3 2 $739,000 $730,000 27
1074 Rosedale Rd 4 3.5 $799,000 $727,500 216
1138 St Louis Pl 3 3 $735,000 $726,000 6
931 Amsterdam Ave 4 3 $699,000 $717,750 5
1095 Virginia 4 3 $700,000 $690,000 7
781 Adair Ave 3 3 $685,000 $685,000 7
690 Virginia Ave NE 3 2 $735,000 $670,000 25
731 Elkmont Dr 3 2 $665,000 $660,000 14
989 Greenwood 3 2 $689,000 $653,000 20
760 Drewry St 4 2 $650,000 $650,000 0
1274 Briarwood 3 2 $615,000 $640,000 1
772 Adair Ave 3 2 $689,900 $640,000 53
1152 Orme 3 2 $650,000 $635,000 22
905 Virginia 2 2 $650,000 $634,000 18
973 Rosedale 3 2 $672,500 $632,000 43
1126 Rosedale 4 3 $649,900 $632,000 7
808 Highland Terr 3 2 $675,000 $626,250 78
865 Los Angeles 3 1 $625,000 $625,000 1
1168 Saint Louis 2 2 $655,000 $614,000 53
566 Orme Circle 3 2 $659,900 $601,000 69
1169 Hancock Dr 3 2 $599,900 $589,900 39
1185 Rosedale Rd 3 2 $599,000 $575,000 35
1179 Monroe Dr NE 3 2 $560,000 $572,000 3
885 Ponce De Leon 2 2 $550,000 $565,000 3
970 Highland Ave 3 3 $599,500 $557,500 13
778 Barnett St 3 2 $559,900 $554,900 43
800 Barnett Street 2 2 $525,000 $525,000 4
748 Barnett St NE 2 2 $500,000 $500,000 13
788 Barnett St NE 2 2 $549,000 $500,000 4
1206 Monroe Dr NE 3 1.5 $499,900 $495,000 8
1074 Saint Louis Pl 3 2 $485,000 $477,500 11
1336 Chalmette Dr 3 1.5 $435,000 $420,000 13
Virginia Highland real estate market and home sales data was extracted from the Atlanta FMLS on January 14, 2017 and interpreted by Kerry Lucasse with the Nest Atlanta Real Estate team at eXp Realty. All information is deemed reliable but is not warranted, as it is subject to change.  If you would like the complete report of Virginia Highlands home sales (including photos of each home sold), please text or call Kerry at 404-432-1844.  

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Home Pricing Trends in Zip Code 30306

Single family homes :: Last 5 years


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Picture of Virginia Highland Tudor home in this issue of the 2017 Virginia highland real estate market report for 2017.

Have questions about the current Virginia Highland real estate market? Call the Nest Atlanta team anytime.

We're right in the neighborhood and always here to help!

Text / call :: 404-205-8800

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