2016 Kirkwood Atlanta Real Estate Market Report

2016 Kirkwood Atlanta Real Estate Market Report

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!   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. 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...
Ormewood Park Real Estate Market Report | 3Q 2016

Ormewood Park Real Estate Market Report | 3Q 2016

Ormewood ParkReal Estate Market Update Atlanta, Georgia 30316 :: 3Q 2016 (July-September) It's time again for the Ormewood Park real estate market report!  This popular Intown Atlanta neighborhood had some of the biggest price increases last quarter and it's safe to say that it's one of the highest this quarter as well.  Home sales are up from the same time last year and we are also seeing some higher priced homes selling.  See the full Ormewood Park Real Estate Market Update below (it's just a 5 minute read!).... Overview of the Ormewood Park Real Estate Market HOMES SOLD 33 Ormewood Park homes sold in 3Q.  That's up 33% from last quarter! At the time of this post, there are only 8 Ormewood Park homes for sale, so there is a definitely a significant housing shortage. HOME PRICES IN ORMEWOOD PARK The average single family home sales price is $356,820.  That is up $38,000 from the same time last year, a whopping 12% increase. *  Single family home prices ranged from $123,900 to $567,500 last quarter *  There were quite a few recently renovated homes that sold, but no new construction properties. HOW QUICKLY ARE HOMES SELLING? Last quarter, Ormewood Park homes sold on average in 24 days.  That's about 50% faster than the same time last year.  The median # of days to sell a home in this popular Atlanta neighborhood was only 11 days.  That's a more accurate represenation of the current market. 60% of the Ormewood Park homes sold in 2 weeks or LESS! *** See all the Ormewood Park homes that sold below, including how long it took to sell each one.  Check the DOM or...
Virginia Highland Homes Sales and Market Trends Report | 3Q 2016

Virginia Highland Homes Sales and Market Trends Report | 3Q 2016

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.... . 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...
Kirkwood Home Sales & Real Estate Trends | Fall 2016

Kirkwood Home Sales & Real Estate Trends | Fall 2016

Kirkwood Home Sales & Real Estate Trends Q3 2016 (July-September) :: Presented by Nest Atlanta Real Estate Group Kirkwood is officially one of the hottest real estate markets in the Intown Atlanta area right now and once you see the Kirkwood home sales stats, we're sure you'll agree... and probably pat yourself on the back if you currently own a home in this charming neighborhood.  Take a peek below at the 3Q 2016 Kirkwood Home Sales & Real Estate Trends Report.... 3Q 2016 Kirkwood Home Sales Overview KIRKWOOD HOME SALES Over the last five years, an average of 43 single family homes sold in the 3rd quarter.   This year, 60 Kirkwood homes sold! On average, about 20 homes per month sell in Kirkwood.  Currently there are only 28 homes for sale, so inventory levels are VERY LOW.  The absorption rate is less than 1.5 months and a typical "balanced market" has about 6 months of inventory for sale at any given time. What does this mean to YOU?  Well, if you are a Kirkwood home owner that is thinking of selling your home in the next 3 to 9 months, you will be in one of the strongest seller's markets we've seen in decades.  If you are thinking of buying a home in Kirkwood, be prepared for bidding wars and offering over the asking price.  Make sure you have a local real estate agent by your side who knows the Kirkwood real estate market well so they can advise you on the best offer strategy. ** Be sure to scroll down to the bottom of this post to sell all the homes...
30319 Real Estate Market Update | Brookhaven GA

30319 Real Estate Market Update | Brookhaven GA

30319 Real Estate Market Update 3Q 2016 (July-September) :: Brought to you by Nest Atlanta :: 404-205-8800 We had another strong Summer / Early Fall selling season in Brookhaven.  In the report below you will see that some things are leveling off and in other areas, we are seeing record-breaking numbers!  See the full 30319 Real Estate Market Update below...   30319 HOME SALES A total of 155 single family homes sold in the third quarter of 2016.  It's right on par with home sales over the last two years. The absorption rate is very strong (2.5 months), due to the limited housing inventory in the lower price ranges (under $700K). HOME PRICES IN BROOKHAVEN The average single family home price in 1Q was $721,011.  That about $118,000 higher than the same time last year BUT -- yes, there is a but! -- this average price may be a bit inflated. Here's why... In the last 10+ years, only one Brookhaven home sold over $3.0 million and this quarter there were TWO homes that sold in this price range, so naturally that skewed our average a bit. The median sales price in zip code 30319 was $590,000 and is a more accurate reflection of home values in Brookhaven / 30319. ** If you are curious about the record breaking prices in this zip code, scroll to the bottom of this post to see the most expensive homes sold in 3Q 2016.  The current record holder is  3820 Club Drive.  It sold for $3,825,000 in 2007. HOW QUICKLY ARE HOMES SELLING IN 30319? Last quarter, single family homes sold on in 57 days on average.  Because the...
Real Estate Market Update for Oakhurst | Decatur 30030

Real Estate Market Update for Oakhurst | Decatur 30030

Oakhurst Real Estate Market Update City of Decatur, Georgia 30030 :: 3Q 2016 (July-September) It's time again for the Real Estate Market Report for Oakhurst!  As the City of Decatur's most highly-sought after neighborhood, home sales in Oakhurst have been very strong for years.  Last Spring there were a few (teeny tiny) signs of the market slowing and we are seeing a few more this quarter.  Don't worry, Oakhurst is holding it's own, we just want to make sure our readers are well-informed, especially if you are trying to make any decisions about moving in the next few years!  See the full Summer Market Update for Oakhurst below.... . HOMES SOLD 18 Oakhurst homes sold in 2Q.  It's down substantially (25%) from the same time last year when 24 homes sold.   Without a doubt there is a shortage of Oakhurst real estate listings, especially under $600,000, but the demand is still very high so homes like this one on Madison Avenue typically sell in the first day or two with 5 to 10 offer. Currently, there are only 14 Oakhurst homes on the market and all but TWO are under $600K. A whopping 75% of the Oakhurst listings are over $800K, which prices many home buyers out of this fabulous neighborhood. HOME PRICES IN OAKHURST The average single family home in Oakhurst is $655,175.  That is up $10,000 from the same time last year, but is only a 1.5% increase overall. For the last few years we've watched the average sales price rise by 10%, 15% and even 30% in a years time and now it looks like that is leveling off a bit.  For those of you who...
Grant Park Atlanta Real Estate Market Report | 3Q 2016

Grant Park Atlanta Real Estate Market Report | 3Q 2016

Grant Park Atlanta Real Estate Market  3Q 2016 (April - June) :: Brought to you by Nest Atlanta :: 404-205-8800 Grant Park has one of the strongest real estate markets in the Intown Atlanta neighborhoods and home values are still on the rise.  We are pleased to present the 3Q 2016 Grant Park Atlanta Real Estate Market Update, brought to you by your neighborhood experts at the Nest Atlanta Real Estate Group.  Learn more about property values, how long it takes to sell a home and more below... 3Q Grant Park Atlanta Real Estate Market HOME SALES A total of 29 single family homes sold in the third quarter of 2016.  It’s right on par with last Spring when there were 33 home sales. The demand for Grant Park real estate is still very strong, especially for homes under $500K and inventory in this price range is still quite low, so we are seeing multiple offers on many of the homes, including our recent listing at  351 Oakland Ave SE -- it received 9 offers in the first weekend! As a home buyer, this market can be challenging, but for those of you selling a home in Grant Park, it's a remarkable time!  Now we know this "Seller's Market" won't last for much longer (we are forecasting 6 to 12 months), so if you are considering listing your home, please don't miss our real estate market updates every quarter so you can pick the best time to sell at top dollar… or just give us a call at 404.432.1844! HOME PRICES IN GRANT PARK The average single family home price was $404,390.  That about $54,000 higher than the same time last...
How FAST are Home Values Rising in Your Atlanta Neighborhood?

How FAST are Home Values Rising in Your Atlanta Neighborhood?

Nest Atlanta Real Estate Trends Report How FAST are Home Values Rising in Your Atlanta Neighborhood? We reviewed the latest real estate sales in over 20 popular Atlanta neighborhoods - from East Atlanta to Brookhaven - to see how quickly home values rose over the last year (1H 2015 vs 1H 2016).  There are a few communities that didn't make our list in the past that are now QUICKLY rising to the top!  And even though the Nest Atlanta real estate agents live and breathe Atlanta real estate, we have to say that we were even surprised at some of the results! Take a peek at the list below to see how quickly single family home prices are increasing in your n'hood.... Average Atlanta Home Sale Prices by Neighborhood :: Percentage increase from the first half of 2015 to the first half of 2016 :: And the winner is.... Edgewood takes home the gold with a 33% increase in the average home sales price from the same time last year.  Read the latest Edgewood market report. Next on the list was Ormewood Park with 25.8% and then East Atlanta (full 30316 zip code) is at 21.2% increase in home values.  Right behind East Atlanta was Kirkwood and Midtown (30308) with an 18.4% and 17.5%, respectively.  Big congrats to all of you who own homes in these 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 neighborhoods. If there is an Atlanta neighborhood that we...
Edgewood Real Estate Market Report | 2Q 2016

Edgewood Real Estate Market Report | 2Q 2016

Nest Atlanta presents... Edgewood Real Estate Market Report for 2Q 2016 Atlanta's Edgewood community took a big leap in home values this year, thanks to some new construction, new developments along Moreland Avenue and the more affordable Intown home prices.  We are thrilled to share some jaw-dropping sales stats with you in this edition of the Edgewood real estate market report.... Sumary of the Edgewood Real Estate Market HOME SALES In 2Q (April-June), a total of 19 homes sold in Edgewood.  This is down by about 30% from the same time last year, but the GOOD NEWS is that most of the investment or fixer upper homes have new owners and are in the process of renovation!  In 2Q 2016, almost 30% of the Edgewood home sales were under $199K.  We didn't see ANY home sales this year at that price point. HOME PRICES The average single family home sales price was $378,765 last quarter.  That is a whopping $100,000 INCREASE (36%) from the same time last year. As mentioned above, all the low dollar homes seem to have been scooped up, so the least expensive Edgewood home sold in Spring 2016 was $207,500 (vs $85,000 last year).  Edgewood home sales prices ranged from $207,500 to $537,000 with the median price at $379,000. HOW QUICKLY ARE EDGEWOOD HOMES SELLING? Because inventory levels were down this year, homes sold much faster than usual and averaged just 24 days on the market.  Last year at this time, it took almost twice as long to sell a home in Edgewood... 46 days to be exact! An astounding 63% of the Edgewood homes sold in less than 2...