Buckhead Market Update

Buckhead’s single family market probably had about $1 billion in single family residential sales last year. There was about $945 million that occurred in First Multiple Listing Service (FMLS) – which captures majority of sales. Below chart has summary. You may find this simple overview of 2016 single family sales helpful:

 

  • Average days on market was 73
  • Average price square foot was $273.72
  • Average sale price was $1,079,823, which is 94% of listing price
  • Last year, Heery Brothers sold $33.5 million
  • Today we have about 20 listings and 8 pending sales
  • Currently there are 491 active single family listings
  • In December/January, there were less than 400.

 

875 Sales Total :: Calendar Year 2016
Bedrooms FullBaths List Price Sales Price Sq Ft Price/SQFT Days on Market
Min 2 1 $126,000 $141,100  N/A $87.60  N/A
Max 10 9 $25,000,000 $17,500,000 34,688 $720.00 972
Avg 4 4 $1,148,232 $1,079,823 3,045 $273.72 73
Median 4 3 $875,000 $833,625 2,800 $268.76 40
Sum $1,004,702,914 $944,845,047

 

Source: FMLS, All Single Sales, Area 21, 1/1/2016 to 12/32/2016. Query dated 2/24/2017. By George Heery, Heery Brothers

Leave a Comment