Our fingertips are heavily calloused as every time Case-Shiller drops a bomb on Atlanta real estate we rush to remind everyone that the data needs to be kept in context. Atlanta is far too large and far too economically diverse to be considered as "one" market. Several micro markets have been stable for several months, others have found stability over the last few. The impact of REO and distressed homes has impacted the stats; investors and first time buyers have been incredibly busy and the result are increases in activity. The best way to review this data is by using both charts; compare the increase in sale price with median sale price; you will clearly see the impact of distressed inventory.

The charts below are courtesy of Chartmasters and they illustrate change in median sale price (year over year) and median sale price (2nd qtr '12 only). Key points:

  • Median sale price is greatest in the Sandy Springs area (ITP) at $610K, the Buckhead area at 570K and South Buckhead area at 480K. Overall average is 151K.
  • Greatest increase in median sale price was in SW Fulton County at 121.4%, Western Gwinnett County at 55.6% and the Vinings area at 42.6%. Overall average was +5.9%.

An area map is below, find your area of interest and scroll down to the charts. A broad look at the Atlanta real estate market 2nd quarter '12 stats, impact of distressed homes and Atlanta marketing trends are also available for your review. Current data updated weekly by zip code is always available at the Atlanta Real Estate Conditions pages.

Hank Miller,SRA
Associate Broker & Certified Appraiser
Atlanta Communities Real Estate
678-428-8276 direct
hank@hmtatlanta.com
www.hmtatlanta.com

 

 

 
This post has been included in Georgia Real Estate News
Post is included in group: Advice for Buyers
Post is included in group: Advice for Sellers
Post is included in group: Atlanta Real Estate Q&A
Post is included in group: Posts to Localism
Post is included in group: Local Expert

0 Comments on Home Prices Change Atlanta - 2nd Quarter 12
What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Hmt_650 Rainmaker_large

Hank Miller, Broker & Certified Appraiser

Alpharetta, GA

More about me…

Atlanta Communities Real Estate Brokerage

Address: 3730 Roswell Road, Marietta, GA, 30062

Office Phone: (678) 428-8276

Email Me

The HMT blog is written by Hank Miller of The Hank Miller Team. He is a licensed broker and certified real estate appraiser in the state of GA. Since 1989, real estate has been his full time occupation and Hank consistently ranks at the very top of Atlanta area agents in overall production. He is known as much for his attention to detail as he is for his candor.


Listings

Links

Archives

RSS 2.0 Feed for this blog