The market trend is continuing that we see in the Vinings market into the Buckhead real estate market as well. Decreasing inventory and rising sales with the average selling price going up!

Within the $200,000 to $650,000 price point, sales have been steadily increasing and we’re in multiple offer situations quite frequently. Inventory is trending downward again with sales continuing up.  Good news for all!

The stats are slightly improved in 30327 from $400,000 and up and it looks like inventory and sales increased slightly.  Year over year numbers show improvements, but I think this could vary with an analysis of a tighter price point.

Finally I had a fellow agent say to me the other day that she thought luxury sales were up.  I think we’re seeing things under $2,000,000 continue to sell well, but over $2M it still remains soft.  Inventory remains high and prices continue to soften within the luxury market.  Of course, this pie can be sliced in various ways, but I just wanted to pull data a few different ways to see if what I feel in the market is what is happening statistically.  If you’d like me to pull some data specific to your price point and area, just email me and I’ll do a custom report for you.

Number of Homes For Sale vs. Sold (Apr. 2011 – Jun. 2012)

Buckhead/Atlanta – 30327
Price Point – $200,000 to $650,000

Number of Homes For Sale vs. Sold (Apr. 2011 – Jun. 2012)

Buckhead/Atlanta – 30327
Price Point – $400,000 and up

Number of Homes For Sale vs. Sold (Apr. 2011 – Jun. 2012)

Buckhead/Atlanta – 30327
Price Point – $2,000,000 and up

The market trend is continuing that we see in the Vinings market into the Buckhead real estate market as well.

Decreasing inventory, average selling price is going up which is good considering the inventory is priced higher than what the buyers are looking for.

We remain steady at a year of inventory in Buckhead.  If this trend continues we’ll be approaching a change in the dynamics of the market. 

I had a conversation with an appraiser yesterday to figure out how we’re going to bridge the gap at what buyers perceive the value at and what the appraisers will appraise for.  His comment is that the homeowners are going to need to take the risk to purchase over appraised value as the banks will not.

So the only way to reverse this trend is for cash buyers to put more cash into the transaction.  We’ll see how this plays out over the next several months.

I’m a half full kind of person, so I hope this positive trend continues despite the national news!

Number of Homes For Sale vs. Sold (Nov. 2010 – Jan. 2012)

Buckhead/Atlanta – 30327

Average Price of For Sale and Sold (Nov. 2010 – Jan. 2012)

Buckhead/Atlanta – 30327

Months of Inventory Based on Closed Sales (Nov. 2010 – Jan. 2012)

Buckhead/Atlanta – 30327