Hank Miller

Atlanta Real Estate 2nd Quarter 2011 Area Comparisons

Chartmasters has completed their typical outstanding review of the 2nd Quarter 2011 Atlanta real estate market data. Metro map overlays are posted, there were some interesting results from the data analysis. Highlights from the report include:

• Compared to this time last year, 1.5% more homes have sold – but this was due to increases in the under 200K market.
• Most foreclosure activity was in Paulding County, the least in Sandy Springs inside 285
• Most short sale activity was in SE Dekalb County, the least in Sandy Springs outside of 285
• Highest median sale price was in the Buckhead area, lowest in SW Atlanta
• Highest median positive price change was in Buckhead, lowest was in south metro Atlanta
• In 2nd Qtr 2011, 47.4% of all listings failed to sell
• In 2nd Qtr 2011, 35.9% of homes had multiple listing periods
• In 2nd Qtr 2011, 66.9% of homes had price reductions

The entire metro Atlanta area is broken out geographically by MLS area and can be SEEN HERE. As always, a word of caution – this is an overview and while Chartmasters does a good job of segregating the data into defined groups, every home and situation is different. Take all of this in context – it’s excellent as an overview, just keep it in perspective.

Visit the Atlanta Real Estate Market Conditions page and sign up for weekly Altos Data reports for any of over a hundred zip codes. Please EMAIL US or call 678-428-8276 with any questions.

This entry was posted on Saturday, August 6th, 2011 at 17:38 and is filed under Featured Article, Market Conditions, Metro Atlanta Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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