Ormewood Park Home Sales | Spring 2017

Ormewood Park Home Sales | Spring 2017

Ormewood Park Home Sales Update Spring 2017 Hello Neighbors!  Since Ormewood Park was named the Hottest Intown Atlanta Neighborhood of 2016, we wanted to keep close tabs on the Spring real estate market, so you'll know if it's the right time to buy or sell. Below you'll find the latest real estate market stats, a list of all the Ormewood Park homes that sold this year, just listed homes and a short video overview of the current market.  Enjoy!     Quick Sales Stats 19 homes currently under contract / pending 35 homes sold year to date Price range is $156,000 to $ Average sales price - $379,779 Median sales price - $362,000 Time to sell a home - 6 days (median) Range is 6 to 238 days, with an average of 27 days     Homes Sold YTD in Ormewood ADDRESS BEDS BATHS LIST SOLD DOM 1107 Moreland Pl 5 4 $649,900 $677,500 4 1045 Berne St 4 4 $679,900 $679,900 15 1149 Hall Ave 4 3 $619,000 $609,000 6 851 Gilbert St 4 2.5 $515,000 $540,000 5 952 Underwood Ave 3 2.5 $539,900 $520,000 102 1080 Mercer St 3 2.5 $499,900 $499,900 4 787 Essie Ave 3 2 $449,900 $469,000 3 695 Vernon Ave 3 2 $429,900 $458,500 6 1156 Vickers St 4 3 $499,900 $430,000 160 1012 Woodland Ave 3 2 $439,900 $430,000 3 1036 Sanders Ave 3 2 $400,000 $400,000 4 921 Moreland Ave 3 2.5 $399,900 $385,300 11 804 Woodland Ave 2 2 $359,900 $376,000 4 668 Siloam Ave 3 2 $349,900 $375,000 3 1386 Custer Way 3 2.5 $348,700 $371,373 238 887 Confederate Ave...
Ormewood Park Home Sales Report 2016

Ormewood Park Home Sales Report 2016

Ormewood Park Home Sales & Real Estate Report 2016 (January - December) ::  Brought to you by Nest Atlanta It was a record breaking year for Ormewood Park!  Not only were homes flying off the shelves, home values rose faster than we've seen in more than a decade. Without question, this is the hottest neighborhood for rising home values Intown.  If you are a proud owner of a home in Ormewood Park, please read the Homes Sales Report below and then give yourself a pat on the back for investing in this fabulous neighborhood! . Overivew of the 2016 Ormewood Park Real Estate Market  HOMES SOLD  A total of 115 single family homes sold in 2016.  This is comparable to 2015 when 120 homes sold.  The demand for Ormewood Park homes 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. ORMEWOOD HOME PRICES We saw another HUGE (and we mean HUGE) increase in the average single family home sales price this quarter, at $359,270 .  That's a $66,000 INCREASE from 2015.  Out of all the Intown Atlanta neighborhoods we recently surveyed, Ormewood Park had the highest year over year increase -- 25.5%! To put this in perspective, let's say that you purchased a $3000,000 home in Ormewood Park a year or two ago.  If you decided to sell it today, there is a good chance that your home is now worth about $400,000. Definitely worthy of a happy dance, right? A few more interesting nuggets: In 2016,  home sales ranged in price from $123,000 to $675,000, with the median sales price at $351,500....
How HOT is Your Atlanta Neighborhood?

How HOT is Your Atlanta Neighborhood?

Home values are rising all around town, right? But are you in the HOTTEST Atlanta neighborhood? Everywhere you go people are talking about Intown Atlanta homes selling like hotcakes with multiple offers and at prices we'd only dreamed of.  It's easy to see that home values are rising like crazy... but by exactly how much? We researched 16 popular Atlanta neighborhoods, from Grant Park to Brookhaven to find out how much the average home sales price rose from 2015 to 2016. Take a peek at the list below to see how quickly single family home prices are increasing... and if you are in the hottest Atlanta neighborhood! . Comparison of Home Values by Atlanta Neighborhood Average Sales Price :: Percentage Increase from 2015 to 2016 And the winner is…. Ormewood Park takes home the gold with a 25.5% increase in the average home sales price from last year.  W-O-W! Next on the list was Edgewood with a 20% increase and then East Atlanta (full 30316 zip code) with a 17.8% increase in home prices between 2015 and 2016.  Right behind East Atlanta was Kirkwood and Midtown (30308) with a 13.8% and 14.4% increase, respectively. BIG CONGRATS to all of you who own homes in these super hot Atlanta neighborhoods! For a better understanding of the average sales price by neighborhood and the percentage increase year-over year, please see the chart below and/or scroll to the bottom of this article for detailed market reports on many of the Intown Atlanta neighborhoods. If there is an Atlanta neighborhood that we didn’t include that you would like to add in our next update, please let us know!  Also, if you are curious about your home’s current value,...
Kirkwood Real Estate Market Report | 1Q 2017

Kirkwood Real Estate Market Report | 1Q 2017

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  HOMES SOLD  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! HOME PRICES 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...
Oakhurst GA Real Estate Stats | 1Q 2017

Oakhurst GA Real Estate Stats | 1Q 2017

Oakhurst Real Estate Market Update 1Q 2017 :: Brought to you by Nest Atlanta Real Estate Group Welcome to the latest edition of the Oakhurst GA market update! After reviewing all the recent home sales stats, we just have one word -- WOW! Inventory is really, really low in Oakhurst, so that dramatically impacted the number of sales in the first quarter of 2017.  The limited number of available homes did, however, push up the average sales price and cause many homes to sell well over the asking price.  Get the full scoop on Oakhurst home sales below... Oakhurst Homes for Sale New Homes in Oakhurst 30030 Real Estate for Sale Newly Listed Homes in Oakhurst City of Decatur Townhomes Oakhurst Bungalows for Sale . Overview of Oakhurst GA Real Estate Stats HOME SALES Between January and March, only 11 homes sold in Oakhurst Decatur.  This is way down from the past 7 years. Usually about 16 homes sell in the first quarter of each year.  The lower number of homes sold wasn’t due to lack of demand, just a serious shortage of real estate listings.  At the time of this post, there are only 15 homes for sale in Oakhurst 30030 (and most are new construction). HOME PRICES Thankfully one good thing did come out of having fewer home sales -- it drove the average sales price up (again!).  The average single family home sales price in Oakhurst was $598,209.  This is decent spike in the average home sales price – up $17,000 from the same time last year (1Q 2016). Oakhurst home prices ranged from $348,000 to $980,000 in 1Q of 2017 The...
Virginia Highland Home Sales Report | 1Q 2017

Virginia Highland Home Sales Report | 1Q 2017

Virginia Highland Real Estate Report   1Q 2017 (January - March) :: Brought to you by Nest Atlanta Group at eXp Realty Virginia Highland continues to have a strong real estate market, even with the dramatic fluctuations in the average quarterly sales price. Below you'll find all the details on the first quarter market les each year, including homes sold, current values and how long it takes to sell a home in the popular Atlanta neighborhood of Virginia Highlands.  If you have any questions about the stats, please call anytime at 404.432.1844. Enjoy! Virginia Highland Homes for Sale New Construction Homes 30306 Real Estate for Sale Newly Listed Homes in VAHI Virginia Highland Townhomes Virginia Highland Bungalows . Overview of VAHI Home Sales in 1Q 2017  VIRGINIA HIGHLAND HOME SALES Between January and March, 15 homes sold in Virginia Highlands.  This is down 25% from the same time last year and about 15% less than the average of the last five years. The lower number of homes sold wasn't due to lack of demand, just a shortage of real estate listings.  At the time of this post, there are only 19 homes for sale in Virginia Highlands. HOME PRICES The average single family home sales price was $768,377.  This is another massive SPIKE in the average home sales price - up $96,000 from the same time last year (1Q 2015).  Now before any of you start dancing a little jig, be sure to check out the following graph.  You'll see that the average sales price in the first quarter can vary dramatically. Virginia Highland home prices ranged from $495,000 to $1,300,000 in 1Q of...
30316 Real Estate Market & Home Sales | 1Q 2017

30316 Real Estate Market & Home Sales | 1Q 2017

30316 Real Estate Market Report  1Q 2017 (Jan-March) :: Including East Atlanta and Ormewood Park neighborhoods The 30316 real estate market is H-O-T.  Inventory is low and demand for housing is off the charts.  Ormewood Park, East Atlanta and a small portion of Cabbagetown are situated in zip code 30316 and all are highly sought-after - especially with home buyers that are in the $250K to $550K price range.  In the latest edition of the 30316 Real Estate Market Report, you'll find everything from current home values to the time it takes to sell a home. Enjoy! Search zip code 30316 homes for sale   3Q 2016 30316 Real Estate Trends Report 30316 Home Sales 137 homes sold in the 1st quarter of this year, which is UP 10% from the same time last year. Inventory levels are still quite low, with less than 2 months of inventory in Ormewood Park and East Atlanta. Home Prices The average sales price for a single family home skyrocketed to $299,639  -- UP $52,000 from the same time last year.  This is one of the biggest spikes we've seen recently and a large contributor is most likely the limited number of homes for sale in the 30316 neighborhoods. * The median sales price was $305,000 * 30316 home sales ranged from $81,500 to $679,900 How quickly are homes selling? Homes in this popular Atlanta zip code are selling in  homes are selling in 45 days on average, which is almost 50% faster than the same time last year.  The median number of days on the market was only 15 days and that's a more accurate reflection of the current 30316 real estate market....
Brookhaven 30319 Real Estate Market Report for 2016

Brookhaven 30319 Real Estate Market Report for 2016

Brookhaven 30319 Real Estate Report 2016 Market Update :: Brought to you by the Nest Atlanta Real Estate Group Thanks to a prime location, excellent schools and world-class shopping / entertainment, Brookhaven is one of the most highly sought-after community in Metro Atlanta.  Brookhaven 30319 real estate is also one of the most difficult to find a home for many home buyers, due to limited inventory and the ever increasing home prices. Last year more than half of the homes had a listing price of over $600,000.  Keep reading to learn more about home sales trends and how long is takes to sell a home in 30319.  Enjoy! . 2016 Brookhaven Real Estate Market & Home Values  HOME SALES Last year a total of 570 homes sold in the 30319 zip code.  This up 4.0% from 2015 when 545 homes sold in Brookhaven 30319. BROOKHAVEN HOME PRICES We saw another modest, but  the average home sales price in 2016 - up $43,000 from the previous year!  In 2016, the average single family home sales price was $666,384, which is 6.9% higher than last year's average of $623,000.  If we compare today's average sales price to the bottom of the market (2011), Brookhaven homes are selling for $200,000 MORE on average. Also in 2016, the median sales price was $590,000 (a whopping $40K higher than the previous year) 30319 home prices ranged from $222,000 to $3,481,000 It was a record breaking year for home prices!  A home on Club Drive was the highest sale in Brookhaven history at $3.48 million!  At the bottom of this article, you will find the most expensive homes sold...
Oakhurst Home Sales | 2016 Decatur GA Real Estate Market Update

Oakhurst Home Sales | 2016 Decatur GA Real Estate Market Update

2016 Oakhurst Home Sales & Real Estate Report Brought to you by the Nest Atlanta Real Estate Group :: 404-205-8800 Oakhurst is one of the most highly sought-after neighborhoods in City of Decatur and the Intown Atlanta.  It is also one of the most difficult to find a home for many home buyers.  New construction homes with a price tag of $850K+ are becoming a larger percentage of the overall Oakhurst home sales each year, so buyers in the $400K to $600K range often end up in a BIG bidding war for their dream home. Because of the limited number of homes available for sale and the increased pricing for new construction, you'll see below that's it's made a dramatic impact on the 2016 Oakhurst home sales and property values!  The Nest Atlanta team is pleased to present you with the latest real estate report... enjoy!   2016 Oakhurst Home Sales Report  HOME SALES Last year a total of 77 homes sold in the City of Decatur's Oakhurst neighborhood.  This is about 12% less than the previous year (2015) and just slightly below the prior two years. Because Oakhurst is in such high demand and current residents love their neighborhood, inventory levels remain very low. OAKHURST HOME PRICES We saw another HUGE SPIKE in the average home sales price in 2016 - up $46,000 from the previous year!  In 2016, the average Oakhurst single family home sales price was $640,506, which is  8.0% higher than last yearand a whopping $300,000 higher than in 2010.  The dramatic rise in the average home price is partially due to all the new construction homes...