Metro Atlanta Market Trends
Real estate trends throughout Metro Atlanta showed mostly positive signs up through the end of May. Final numbers show new listings were down 1.3% from a month earlier, but up 11.2% compared to May of 2013.
Closed sales jumped 28.2% from April 2014 and were up 3.9% compared to May 2013. New pending sales were at 7,350 which is about 2% less than the year prior, yet it is still much higher than the five year average of 6,010 new pending sales in the month of May. The median sold price also jumped 12.1% to $200,700 in May.
Notice the price jump in the graph below which shows huge price increases during the spring and summer of 2013 which also seem to be following the same trend this year. With the peak home buying season in full force, just how much higher will home prices climb this year?
Median Sale Price With # Closed Transactions - 24 Mo Prior
City Of Atlanta Real Estate Market Update
SOLD! Under Contract In 5 Days
Listed at $147,900, this townhome had tons of interest right from the start. Buyers loved the well-kept community and the property's ideal location. The open house on the first weekend brought in over 15 visitors. The home was under contract by the end of the weekend for near asking price. Due to lower comparable sales in the area, the appraised value of the property came in lower than the contract price, therefore modifications to the contract price were made prior to closing. For more information about Chamblee real estate or to start your purchase or sale, contact me today.
Listing Description:
Rare opportunity in a great location near Brookhaven with easy access to everything! Move-in ready fee simple townhome in a professionally managed, well kept community. This unit is privately located on cul-d-sac and has newer: roof, skylights, double pane windows and plantation blinds. Open floor plan downstairs with two master sized bedrooms upstairs.
This home features a private backyard with patio and tons of greenery. This is a low maintenance town home with extremely affordable utilities and monthly HOA fees. Outdoor storage, cozy fireplace, new light fixtures and HSA home warranty available....
SOLD! Under Contract For 96.4% Of List!
This beautifully renovated Tucker home recently sold for $327,500 which was just over 96% of the original list price. A higher than list offer was received after a price drop which included seller contributions toward buyer closing costs.
Listing Description:
A gorgeous renovated two-story Cape Cod with large yard, new windows, new concrete & brick siding and recent updates in kitchen & baths. The kitchen has granite countertops, stainless steel appliances and island opens to vaulted keeping room. Family room with fireplace framed by custom built-in shelving. Hardwood floors throughout except in office and master bedroom which have new carpet.
Renovated master bath with granite counters, large tiled shower and access to walk-in closet. Bedroom and full bath on main level, separate office on main level. Nice private backyard with blooming shrubs and flowers. Second driveway allows private access on side of home. Two car garage has walk up area overhead with additional storage area.
Additional Listing Photos:
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