2018 THEMUFFLEY R EPORT

MONTHLY REVIEWM A Y 2 0 1 8

ATLANTA’S LEADING RESIDENTIAL REAL ESTATE REPORT

MuffleyHomes.com

ON THE MARKET 2501 Walker’s Glen Lane, Buford, GA 30519

2018 THEMUFFLEY R EPORT

MONTHLY REVIEWM A Y 2 0 1 8

MuffleyHomes.com

National MARKET NEWS According to the National Association of Realtors (NAR), May’s existing-home sales were down on a year-over-

year basis for the third month in a row. Sales are now at 5.43M, 3% lower than last year. In May, the national

supply decreased by 6.1% from last year, but increased by 2.8% from the previous month. This increase brings

the national supply to a 4.1 month supply. Year over year, the national supply has now fallen for 36 consecutive

months. 56% of homes sold in May were off the market in under 30 days.

Atlanta MARKET-WIDECovering 11 Counties:

DEMAND: An increase from last month brings total home sales in

Atlanta for the month of May to 5,838. Though sales

are up from April, this number is a 4.7% decrease from

May 2017.

PRICE:Average and median sales prices continue to climb

this month. May’s average sales price increased

7.5% from last year to $344,000 in 2018. The

median sales price also saw an increase of 9.7%

from last year, bringing it to $282,000.

SUPPLY:The Atlanta area inventory continues to rise on a

monthly basis. May is up to a 2.7-month supply from

a 2.5-month supply in April. Atlanta saw a 10.2%

decrease from May 2017. Inventory totals 13,156

homes for sale, up from 12,283 units in April. Of

these current active listings, 5,202 of those are new

listings added in May.

ATLANTA’S LEADING RESIDENTIAL REAL ESTATE REPORT

CHEROKEE, CLAYTON, COBB, DEKALB, DOUGLAS, FAYETTE, FORSYTH, FULTON, GWINNETT, PAULDING, AND ROCKDALE.

ON THE MARKET

5163 Northland Drive, Sandy Springs, GA 30342

According to data from the Atlanta Realtors Association, inventory is down 10.2% from last year, but has

risen 7.1% from last month. This increase brings the total supply up to a 2.7-month supply. The average price

continues to rise for the 11 Atlanta area counties, increasing 7.7% from May 2017. Atlanta saw a 4.7% decrease

in sales from last year.

Perfor mance BY AREA | INTOWNFor the fi fth consecutive month this year, the highest number of sales was

seen in Area 52 (North Druid Hills, Decatur, Avondale, Belvedere Park).

In May, 275 single family homes sold in this area spent an average of 29

days on the market. Area 24 (Little Five, Edgewood, Kirkwood, East Lake)

saw the greatest sales price / opening price ratio at 99.5%, and homes in

Area 51 (Brookhaven, Ashford Park, Dunwoody Forest, Chamblee) spent

the shortest time listed with an average of 27 days on the market. Area 21

(Buckhead, Chastain Park, Peachtree Park) attained the highest average

sales price at $1,138,445.

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AREA SALES AVG. SALES PRICE SP/OP AVG. DOM AVG. DOMT

Area 21 87 $1,138,445 96.59% 44 69 5

Area 22 81 $279,863 96.93% 31 34 2

Area 23 51 $879,658 97.56% 37 46 3

Area 24 77 $462,719 99.46% 29 35 2

Area 51 95 $584,385 97.30% 27 39 3

Area 52 275 $417,602 97.60% 29 40 2

Area 132 41 $878,793 93.63% 44 73 6

INTOWN AREA KEY (GENERAL NEIGHBORHOODS CAPTURED)

21: Buckhead, Haynes Manor, West Paces Ferry, Chastain Park, Peachtree Park

22: Buckhead, Bolton, Watts Road, Bellwood (West of I75)

23: Ansley Park, Midtown,VaHi, Morningside, Inman Park, Cabbagetown

24: Little Five, Edgewood, Kirkwood, East Lake

51: Brookhaven, Ashford Park, Dunwoody Forest, Chamblee

52: North Druid Hills, Decatur, Avondale, Belvedere Park

132: North Buckhead, Londonberry

Homes in Area 51 sold the quickest in May, spending an average of just 27 days on the market with an average sales price of $584,385.

2018MONTHLY REVIEWM A Y 2 0 1 8

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PRICE: Ansley Park yielded the highest price / square foot average

in May at $381.56. Square footage is least expensive in Sandy

Springs with a price / square foot average of $192.2. Buckhead

had the highest priced home on the market at $14.5M, followed

by homes in Kingswood at $12.5M and Tuxedo Park at $10.7M.

DAYS ON MARKET: As of May, a home in Tuxedo Park spent

the longest time on the market at 377 days. With just one home

sold each, the quickest sales this month were in Castlewood and

Collier Hills where homes spent just two and three days on the

market, respectively.

SOURCES: Sales counts and figures in this report are based on reported information via FMLS. Neighborhood specific data is based on neighborhood designations as recorded in FMLS.

NEIGHBORHOOD SALES INVENTORY MIN. LIST MAX LIST AVG. LIST SALES PRICE MIN SALES PRICE MAX SQ. FT. TOTAL PRICE/SQ. FT. AVG. DOM

RIVERVIEW 0 1 $339,000 $339,000 $339,000 - - - - -

TUXEDO PARK 1 26 $475,000 $10,695,000 $3,396,669 $1,425,000 $1,425,000 - - 377

KINGSWOOD 1 15 $1,449,000 $12,500,000 $3,373,827 $2,300,000 $2,300,000 7,800 $294.87 108

N BUCKHEAD 7 47 $359,500 $2,695,000 $1,241,452 $313,310 $575,000 2,148 $234.14 35

CHASTAIN PARK 6 39 $695,000 $5,775,000 $1,775,000 $949,000 $2,800,000 3,765 $339.73 16

ANSLEY PARK 2 19 $925,000 $3,195,000 $1,559,784 $1,370,000 $1,910,000 4,350 $381.56 74

VIRGINIA-HIGHLAND 4 24 $440,000 $2,250,000 $1,164,321 $755,000 $1,302,500 3,425 $320.17 7

MORNINGSIDE 16 81 $574,500 $2,395,000 $1,252,516 $413,000 $1,736,261 3,042 $310.55 55

DRUID HILLS 1 2 $1,250,000 $3,100,000 $2,175,000 $1,015,000 $1,015,000 3,903 $260.06 10

INMAN PARK 4 4 $1,175,000 $1,499,000 $1,273,475 $640,000 $775,000 2,149 $341.24 13

GARDEN HILLS 3 15 $575,000 $1,798,000 $1,122,860 $830,000 $1,475,000 4,330 $280.93 62

PINE HILLS 10 32 $449,000 $1,475,000 $734,805 $525,000 $1,410,000 3,750 $227.62 55

HISTORIC BROOKHAVEN 2 14 $835,000 $3,290,000 $1,809,464 $800,000 $839,900 2,243 $356.67 6

ASHFORD PARK 16 17 $419,900 $1,185,000 $773,459 $397,000 $899,000 2,374 $268.45 29

BROOKHAVEN 3 27 $625,000 $3,295,000 $1,832,333 $1,325,000 $1,862,700 6,172 $325.95 87

BUCKHEAD 19 141 $550,000 $14,500,000 $2,644,084 $313,310 $4,150,000 4,311 $316.91 69

SANDY SPRINGS 5 21 $428,000 $5,399,000 $1,802,043 $353,000 $935,000 3,830 $192.20 101

HAYNES MANOR 3 12 $625,000 $3,350,000 $1,544,750 $765,000 $2,750,000 4,939 $282.15 53

CASTLEWOOD 1 3 $945,000 $1,825,000 $1,286,667 $840,000 $840,000 3,107 $270.36 2

CHASTAIN BUCKHEAD 0 0 - - - - - - - -

PEACHTREE BATTLE 4 5 $560,000 $1,500,000 $920,800 $494,000 $925,000 2,541 $315.11 10

BROOKWOOD HILLS 0 5 $794,000 $2,395,000 $1,374,250 - - - - -

COLLIER HILLS 1 8 $535,000 $1,199,000 $772,113 $690,000 $690,000 - - 3

VININGS 1 39 $499,900 $2,715,000 $1,101,038 $880,000 $880,000 4,055 $217.02 97

SILVER LAKE 0 0 - - - - - - - -

BRITTANY 0 6 $899,999 $1,369,000 $1,099,667 - - - - -

BROOKHAVEN (AS CITY) 47 139 $309,900 $3,295,000 $850,469 $284,900 $1,365,000 2,706 $236.04 30

SANDY SPRINGS (AS CITY) 55 255 $375,000 $5,399,000 $1,026,893 $285,000 $1,275,720 3,450 $179.64 51

ATLANTA (AS CITY) 647 1907 $31,080 $14,800,000 $944,163 $16,850 $4,150,000 2,186 $176.19 38

The highest priced homes are seen in Tuxedo Park where there are 26 homes on the market priced between $475,000 and $10.7M - an average of $3,396,669.

INTOWN NEIGHBORHOOD COMPARISON CHART

2018MONTHLY REVIEWM A Y 2 0 1 8

Perfor mance BY NEIGHBORHOOD – INTOWNINVENTORY: Out of all Intown neighborhoods studied in May,

the greatest inventory was found in Buckhead and Morningside.

Buckhead had the most homes for sale, with 141 homes listed.

Morningside had the second largest inventory with 81 homes for

sale, followed by North Buckhead with 47 listings.

SALES: With 19 sales in May, Buckhead had the greatest number

of home sales of the Intown neighborhoods studied. Buckhead is

followed by Ashford Park and Morningside each with 16 homes

sold.

Perfor mance BY AREA | NORTH ATLANTAThe highest number of sales was seen in Area 62 (Duluth, Suwanee, Sugar Hill, Buford) with

304 single-family homes sold. Area 131 (Sandy Springs, Chattahoochee Plantation, North Harbor,

Woodcliff) attained the highest average sales price at $675,442. Area 121 (Dunwoody, Sandy

Springs) saw the greatest sales price / opening price ratio at 98.87% and homes are selling

quickest here with homes spending an average of 13 days on the market.

MuffleyHomes.com 2018MONTHLY REVIEWM A Y 2 0 1 8

AREA SALES AVG. SALES PRICE SP/OP AVG. DOM AVG. DOMT

Area 13 192 $546,230 97.47% 34 43 $72,500 $2,510,000 3,796 $146.27 49

Area 14 203 $504,361 96.00% 35 33 $293,000 $1,765,000 4,869 $164.44 33

Area 61 95 $349,994 98.52% 23 37 $57,500 $1,030,000 3,070 $127.96 47

Area 62 304 $360,511 97.88% 35 43 $139,000 $1,150,000 3,109 $145.24 28

Area 121 50 $497,052 98.87% 13 21 $107,000 $552,800 1,959 $114.98 25

Area 131 37 $675,442 96.97% 49 54 $300,000 $1,010,000 2,783 $177.20 13

Area 221 175 $455,293 97.70% 39 58 $274,000 $1,120,000 3,515 $133.43 34

Area 222 128 $440,073 98.09% 50 63 $173,000 $1,770,000 3,232 $124.90 32

AREA KEY (GENERAL NEIGHBORHOODS CAPTURED)

13: Milton, Roswell, Alpharetta, Crabapple

14: Roswell, Alpharetta, Johns Creek

61: Norcross, Peachtree Corners, Berkeley Lake

62: Duluth, Suwanee, Sugar Hill, Buford

121: Dunwoody, Sandy Springs

131: Sandy Springs, Chattahoochee Plantation, North Harbor, Woodcliff

221: Cumming, Alpharetta

222: Cumming

Buyers should act quickly in sought-after Area 121 where the comparatively small number of homes sold spent an average of just 13 days on the market.

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Perfor mance BY NEIGHBORHOOD

PRICE: Of homes sold in May, those in Dunwoody had the

highest price per square foot average at $177.20 compared to

the most affordable average price per square foot of $114.98 in

Norcross. Cumming had the highest priced home on the market

at $9.5M. Johns Creek comes in second with a home at $6.75M.

Milton follows closely with a listing at $6.6M.

DAYS ON MARKET: Homes sold quickest in Dunwoody with

homes spending an average of 13 days on the market. Norcross

and Roswell followed closely with homes spending an average of

25 and 28 days on the market, respectively. May’s longest average

comes from Duluth with homes spending an average of 61 days

on the market before being sold.

INVENTORY: Cumming had the greatest number of homes

on the market of all North Atlanta neighborhoods studied.

Cumming had 1,040 homes for sale, followed by Alpharetta

with 571 and Roswell with 385. Cumming also had the greatest

range of inventory with listings ranging from $130,000 to $9.5M.

SALES:Coming in at 380 sales in May, Cumming had the greatest

number of homes sold of the North Atlanta neighborhoods

with sales prices ranging from $57,500 to $1M. Cumming is

followed by Alpharetta with 195 homes sold.

NEIGHBORHOOD SALES INVENTORY MIN. LIST MAX LIST AVG. LIST SALES PRICE MIN SALES PRICE MAX SQ. FT. TOTAL PRICE/SQ. FT. AVG. DOM

JOHNS CREEK 69 231 $284,900 $6,750,000 $770,023 $72,500 $2,510,000 3,796 $146.27 49

MILTON 37 248 $235,000 $6,599,000 $1,066,774 $293,000 $1,765,000 4,869 $164.44 33

CUMMING 380 1,040 $130,000 $9,500,000 $474,117 $57,500 $1,030,000 3,070 $127.96 47

ROSWELL 157 385 $165,000 $5,250,000 $641,424 $139,000 $1,150,000 3,109 $145.24 28

NORCROSS 37 47 $149,000 $799,900 $350,742 $107,000 $552,800 1,959 $114.98 25

DUNWOODY 42 102 $315,000 $1,389,500 $630,036 $300,000 $1,010,000 2,783 $177.20 13

PEACHTREE CORNERS 37 60 $294,995 $2,499,500 $577,428 $274,000 $1,120,000 3,515 $133.43 34

SUWANEE 140 374 $168,000 $4,399,800 $617,800 $173,000 $1,770,000 3,232 $124.90 32

DULUTH 82 216 $139,900 $5,795,000 $670,020 $140,000 $2,000,000 4,099 $136.46 61

ALPHARETTA 195 571 $195,000 $4,200,000 $682,764 $68,000 $1,684,181 3,832 $170.83 60

May was a great month to be a seller in North Atlanta where homes in all neighborhoods averaged two months or less on the market before being sold.

NORTH ATLANTA NEIGHBORHOOD COMPARISON CHART

2018MONTHLY REVIEWM A Y 2 0 1 8

Perfor mance BY NEIGHBORHOOD – NORTH ATLANTA

SOURCES: Sales counts and figures in this report are based on reported information via FMLS. Neighborhood specific data is based on neighborhood designations as recorded in FMLS.

ON THE MARKET 100 Fernwater Court, Roswell, GA 30075