Buckhead Information

Fun with numbers …

The incredible marketing group at Atlanta Fine Homes Sotheby’s International Realty created this fun piece for our upcoming placement in Peachtree Battle Living Magazine. It ties in to our last post about the Buckhead market and zeros in on Zip Code 30305.

Statistics for single family residential in zip code 30305, etc

Statistics for single family residential in zip code 30305, etc

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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
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Housing Expectations in 2016

Housing Expectations 2016- NAR

 

The Atlanta market should continue to outperform the national housing prices. 4th Quarter 2014 vs 4th Quarter 2015 has shown an approximate. 30% increase in prices for Cherokee, Cobb, DeKalb, Forsyth, Fulton and Gwinnett Counties (combined). While we will not continue to increase at this rate, we see 2016 will usher in healthy increases in housing prices. Equity market volatility can favor real estate.

 

Here is a little something from the National Association of Realtors.

 

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Should I file for homestead exemption this year?

 

what-is-a-homestead-exemption

In Georgia, homeowners are entitled to a homestead exemption on the house they live in as their primary residence.  If you’ve just moved to a new home, and live in it on January 1 of this year, you will need to file for your homestead exemption.  The forms and information on where and when to file can be found on the county website links below.

 

Fulton County Information & Forms

Cobb County Information & Forms

Dekalb County Information

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Homesnap and Heery Brothers

Photographic search on your smartphone.

Photographic search on your smartphone.

Get Homesnap for iPhone, iPad or Android. Using Homesnap, you can snap a photo of any home to find out all about it. Homesnap draws on our massive homes database to show you how much the home is worth, when it last sold, interior features details, local school ratings, similar listings, nearby sales and more.

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