Mid-year review

In addition to my comments in the recent Atlanta Business Chronicle article, I’m digging deeper down into the data to give you the mid-year review on a neighborhood-level.

Top-performing sub-markets are emerging, and as I expected, the Upper Westside is one of them! 

  • Channing Valley/Fernleaf/Ridgewood Heights/Memorial Park/Springlake/Wildwood/Morris Brandon Elementary (30318): average sales price is up 12% year-over-year
  • Adams Crossing/DuPont Commons/Hills Park/Riverside/Westside Station/Whittier Mill/Bolton Academy Elem (30318): average sales price is up 11% year-over-year

Curious how your neighborhood is performing? Download this issue.

While I know would-be buyers are feeling the pinch in what used to be the more affordable parts of the Upper Westside, the number of sales have also increased, indicating more options to buy. If this continues, we will start to see the price increases slow down.

Check out the data below more interesting info for June 2019 vs. June 2018. 

Are you curious what your home could be worth? Get a quick market analysis, or contact me for a complimentary, customized analysis.

Best,

Michelle

More Market Stats: June 2019 vs. June 2018 (for the month only)

Sales Volume down 5%; from 378 to 359
Average Sales Price up 1%; from $766,595 to $774,095
Median Sales Price down 4%; from $645,000 to $618,000
Sales-to-List Price Ratio down 0.3%; from 98.5% to 98.2%
Number of New Listings up 7%; from 493 to 529
Months of Inventory: 4; up one month from June 2018
Average Days on Market decreased very slightly; from 40 to 39 days

*The Hatch Neighborhood Report compares year-to-date sales data to the previous year to measure the health of the housing market of Buckhead, the Upper Westside, and the surrounding areas; and compares that sales activity to the metro area as a whole. Reporting sales activity for the year provides a more accurate measure of the health of the housing marketing, and allows us to identify top-performing neighborhoods.