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ATL A N TAGEORG I A–September 2020–www.LuxuryHomeMarketing.com
ATLANTASINGLE - FAMILY HOMESLUXURY INVENTORY VS. SALES AUGUST 2020InventorySalesLuxury Benchmark Price 1: 736,100 3,500,000 3,000,000 - 3,499,999 2,500,000 - 2,999,999 2,000,000 - 2,499,999716274 1,300,000 - 1,399,999 1,200,000 - 1,299,999 950,000 - 999,999 900,000 - 949,999 850,000 - 899,999 800,000 - 849,999Total Sales Ratio2: 27%615188293710501159147522541463243422953130 736,100 - 799,9991Seller's Market48 1,100,000 - 1,199,999 1,000,000 - 1,099,999Total Sales: 2783 1,500,000 - 1,999,999 1,400,000 - 1,499,999Total Inventory: 1,0465113353Square Feet3PriceBedsBathsSoldInventorySales Ratio-Range--Median Sold--Median Sold--Median Sold--Total--Total--Sold/Inventory-0 - 2,999 825,000432511023%3,000 - 3,999 880,000448519643%4,000 - 4,999 979,000555619828%5,000 - 5,999 1,050,000563913928%6,000 - 6,999 1,167,500662612621%7,000 1,350,000683821018%The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's 14.5%;Balanced 14.5 to 20.5%; Seller's 20.5% plus. If 100% MLS data reported previous month’s sales exceeded current inventory.
ATLANTASINGLE - FAMILY HOMES13 - MONTH LUXURY MARKET TREND 4Median Sales PriceInventorySolds 1,249,950 1,015,0001,403 923,000 920,0001,356171Aug-191,3181491,159104Sep-19Oct-19 1,020,000Nov-19174Dec-19 980,000105Jan-20 1,005,000127Feb-20 947,500169Mar-20 962,500 940,0001,2371,2251,2071,0761,000988160 1,000,000162Apr-201,181 996,2501,128May-20Jun-201,046300204157 950,000278Jul-20Aug-20MEDIAN DATAINVENTORYJulyAugust1,1281,046VARIANCE: -7 %SALE PRICE PER SQFT.JulyAugust250 239VARIANCE: -4 %SOLDSJulySALES PRICEAugust300278VARIANCE: -7 %SALE TO LIST PRICE RATIOJulyAugust97.73% 98.09%VARIANCE: 0 %July996k August950kVARIANCE: -5 % DAYS ON MARKETJulyAugust3127VARIANCE: -13 %ATLANTA MARKET SUMMARY AUGUST 2020 The Atlanta single-family luxury market is a Seller's Market with a 27% Sales Ratio. Homes sold for a median of 98.09% of list price in August 2020. The most active price band is 900,000- 949,999, where the sales ratio is 65%. The median luxury sales price for single-family homes has decreased to 950,000. The median days on market for August 2020 was 27 days, down from 31 in July 2020.Square foot table does not account for listings and solds where square foot data is not disclosed.4Data reported includes Active and Sold properties and does not include Pending properties.3
ATLANTAATTACHED HOMESLUXURY INVENTORY VS. SALES AUGUST 2020InventorySalesLuxury Benchmark Price 1: 500,000 2,500,000 2,000,000 - 2,499,999202111 1,500,000 - 1,999,999216 1,000,000 - 1,499,999 900,000 - 999,999Total Sales Ratio2: 15%4225588614523 600,000 - 649,9997410 550,000 - 599,9999920 540,000 - 549,999225 530,000 - 539,999236 520,000 - 529,999425 510,000 - 519,9991Balanced Market51 700,000 - 799,999 500,000 - 509,999Total Sales: 1008 800,000 - 899,999 650,000 - 699,999Total Inventory: 647287213Square Feet3PriceBedsBathsSoldInventorySales Ratio-Range--Median Sold--Median Sold--Median Sold--Total--Total--Sold/Inventory-0 - 1,999 623,125232418513%2,000 - 2,499 561,000341817810%2,500 - 2,999 565,639443214223%3,000 - 3,499 605,00034116417%3,500 - 3,999 1,085,0004573421%4,000 1,720,0004553116%The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's 14.5%;Balanced 14.5 to 20.5%; Seller's 20.5% plus. If 100% MLS data reported previous month’s sales exceeded current inventory.
ATLANTAATTACHED HOMES13 - MONTH LUXURY MARKET TREND 4Sale Price 625,000 630,000 594,5006225855699494Aug-19Sep-19 587,04261291Oct-19Inventory 611,500 603,750 600,5295645765687392Nov-19Dec-1956Jan-20 620,000Feb-20 590,00064163472Solds100Mar-20 570,000 580,000 566,2506226336215961Apr-20May-206471009681Jun-20 607,500Jul-20Aug-20MEDIAN DATAINVENTORYJulyAugustJuly647VARIANCE: 4 %96621SALE PRICE PER SQFT.JulyAugust249 SOLDS273VARIANCE: 10 % SALES PRICEAugust100VARIANCE: 4 %SALE TO LIST PRICE RATIOJulyAugust98.75% 98.23%VARIANCE: -1 %July566k August608kVARIANCE: 7 % DAYS ON MARKETJulyAugust3129VARIANCE: -6 %ATLANTA MARKET SUMMARY AUGUST 2020 The Atlanta attached luxury market is a Balanced Market with a 15% Sales Ratio. Homes sold for a median of 98.23% of list price in August 2020. The most active price band is 1,500,000- 1,999,999, where the sales ratio is 29%. The median luxury sales price for attached homes has increased to 607,500. The median days on market for August 2020 was 29 days, down from 31 in July 2020.Square foot table does not account for listings and solds where square foot data is not disclosed.4Data reported includes Active and Sold properties and does not include Pending properties.3
The Atlanta single-family luxury market is a Seller's Market with a 27% Sales Ratio. Homes sold for a median of 98.09% of list price in August 2020. The most active price band is 900,000- 949,999, where the sales ratio is 65%. The median luxury sales price for single-family homes has decreased to 950,000.
