November Real Estate Update for Vinings and Buckhead

October real estate transaction volume is down in Vinings and Bulkhead, but not as severely as it was in September and August which was dramatically down month over month and year over year.

Vinings numbers are somewhat misleading as the transaction volume has been so low that percentages don’t seem relevant.  The most notable thing to me was that the average sales price was under $800k, which says the main things selling are pretty close to lot prices, not so much resales.

In Buckhead, sales were down 14% year over year and 8% month over month.  Buckhead is a much bigger market, so its most likely a seasonal dip in sales and a lack of inventory in the year over year sales.

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