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Metro Atlanta Real Estate Stats - August 2014

By
Real Estate Agent with Keller Williams Realty Partners ~ 678.462.1191 agentandersen@gmail.com Georgia Broker 175548

Just like the weather, the Metro Atlanta real estate market is hot, hot, HOT!  Total August home sales hit their highest level in the past seven years.  The average home sale price is the highest it has been in the last five years.  People are ready to buy!  Here is a breakdown of the North Atlanta real estate stats for August 2014.

Total homes sold in Metro Atlanta in August - 2010 to 2014

According to the statistics provided by the First Multiple Listing Service (FMLS), a total of 4342 homes were sold in the Metro Atlanta real estate market in August 2014.  That is an astounding 30% more than the same time last year and 11.3% more than July 2014.  Two homes sold for $8000 in the Fulton South and North Atlanta areas.  At the other end of the spectrum, two properties sold for $3,600,000 in the North Atlanta neighborhood of Tuxedo Park Buckhead in August 2014.

Average sale price for a Metro Atlanta home sold in August - 2010 to 2014

The most popular price ranges for Metro Atlanta Home Buyers remain in the $200,000 to $400,000 area.  Of the 1541 total homes sold in that range, 585 sold for $200,000-$249,999, 437 sold for $250,000-$299,999 and 519 sold for $300,000-$399,999.  These made up 35.5% of the total homes sold in August 2014.  The list price to sale price ratio (the difference between what a home was listed for and what it ended up selling for) averaged 98% while 46% of the total homes sold spent 30 days or less on the market before they went to contract.

Metro Atlanta Home Sellers should be jumping for joy at this news.  Higher home prices and higher sales mean that there is more competition among Buyers for your property.  Consult with your Metro Atlanta real estate specialist to make sure you price it appropriately for your market and you will find the right Buyer in no time.  Buyers, on the other hand, can still take advantage of the low interest rates available.  Make sure you come in with a strong offer when you find the right Metro Atlanta home.  You won't want to miss out on the opportunity to make that dream home yours.

Laura Andersen, Keller Williams Realty Partners, your North Metro Atlanta REALTOR®

Posted by

Laura Andersen, REALTOR®, Associate Broker / Keller Williams Realty Partners
678-462-1191
AtlantaHOMEListings.com

 

  

  

 

 Laura Andersen | Associate Broker at KW Realty Partners | www.AtlantaHomeListings.com

 

 

 

Comments (2)

Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

Hi Laura,

The metro Atlanta real estate market has a win for everyone - buyers and sellers.  Good job explaining the win win we are experiencing in this post.

Best of GREAT success to you in 2014!

Sep 21, 2014 02:25 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Hi Laura

I like to see what is going on around the country.  Thank you for the info. on Atlanta.

 

Sep 21, 2014 02:36 AM