2018 THEMUFFLEY R EPORT

MONTHLY REVIEWJ A N U A R Y 2 0 1 8

ATLANTA’S LEADING RESIDENTIAL REAL ESTATE REPORT

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ON THE MARKET 675 West Paces Ferry Road No. 6, Atlanta GA 30327

2018 THEMUFFLEY R EPORT

MONTHLY REVIEWJ A N U A R Y 2 0 1 8

MuffleyHomes.com

National MARKET NEWS According to the National Association of Realtors (NAR), national inventory has risen in January by 4.1% from

December, but remains 9.5% lower than January 2017. The national supply is now at 3.4 months. Existing home

sales had a 4.8% decrease from last year. This is the largest annual decline in existing home sales since August

2014. Sales price continues to rise in January, making this the 71st consecutive month of year-over-year gains.

Atlanta MARKET-WIDECovering 11 Counties:

DEMAND: Total home sales are down 33.6% from last month,

bringing sales to 3,013 in January. Georgia trends

predict a continual increase in sales in the coming

months, historically reaching its apex in June.

PRICE:Average and median sales prices continue to climb

this month. January’s average sales price increased

7.6% from last year to $299,000. The median sales

price also saw an increase of 9.9% from last year,

which brought it to $245,000.

SUPPLY:The Atlanta area inventory continues to drop in this

month to a 2.2 month supply, a 27% decrease from

January 2017. Inventory now totals 10,735 homes

for sale, down from 11,813 units in December. Of

these 10,735 homes for sale, 3,582 of those are new

listings. This is an increase of 41% from December.

ATLANTA’S LEADING RESIDENTIAL REAL ESTATE REPORT

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

ON THE MARKET

3861 Randall Mill Road, Atlanta GA 30327

Atlanta trends of increasing sales price and decreasing inventory continues in 2018. According to data from the

Atlanta Realtors Association, inventory is down 27% from last year. This decrease brings the total supply down

to a 2.2 month supply. The average price continues to rise for the 11 Atlanta area counties, increasing 7.6%

from January 2017 to $299,000. Atlanta also saw a 4% decrease in sales from last year.

Perfor mance BY AREA | INTOWNThe highest number of sales was seen in Area 52 (North Druid Hills,

Decatur, Avondale, Belvedere Park) with 105 single family homes sold.

Area 52 also had the greatest sales price / opening price ratio at 96.7%.

Homes in Area 22 (Buckhead, Bolton, Watts Road, Bellwood) sold the

quickest in January, spending an average of 44 days on the market. Area

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

Park) attained the highest average sales price at $1,101,738.

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

Area 21 48 $1,101,738 92.64% 83 130

Area 22 63 $194,458 96.01% 44 62

Area 23 26 $781,569 95.79% 73 92

Area 24 37 $439,678 95.54% 54 74

Area 51 46 $653,675 94.66% 55 75

Area 52 105 $354,665 96.71% 49 62

Area 132 16 $794,907 83.36% 79 129

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,Va-Hi, 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 sold quickest in Area 22, spending an average of 44 days on the market. Area 52 saw the greatest sales price/opening price ratio at 96.7%.

2018MONTHLY REVIEWJ A N U A R Y 2 0 1 8

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PRICE: The home sold in Brookwood Hills yielded the highest

price / square foot average in January at $390.92. Square footage

is least expensive in Chastain Park with an average price / square

foot of $113.64. 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: Homes sold in Brookhaven spent the

longest time on the market with an average of 237 days. Spending

an average of only 18 days on the market, Collier Hills homes sold

fastest this month.

INVENTORY: Out of the Intown neighborhoods, the greatest

inventory is found in Buckhead with 127 active listings. North

SOURCES: Sales counts and figures in this report are based on reported information via FMLS and via custom reports by Smart Numbers. 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 0 — — — — — — — —

TUXEDO PARK 1 24 $1,090,000 $10,695,000 $3,551,579 $2,740,000 $2,740,000 — — 159

KINGSWOOD 0 11 $1,485,000 $12,500,000 $4,024,582 — — — — —

N BUCKHEAD 5 50 $335,000 $1,995,500 $1,063,023 $472,800 $1,345,000 3,913 $262.64 116

CHASTAIN PARK 1 22 $624,900 $2,950,000 $1,478,282 $625,000 $625,000 5,500 $113.64 171

ANSLEY PARK 3 18 $825,000 $2,995,000 $1,438,306 $1,088,500 $1,675,000 2,665 $345.97 76

VIRGINIA-HIGHLAND 6 15 $525,000 $1,950,000 $1,097,520 $514,800 $1,953,668 1,643 $297.65 147

MORNINGSIDE 8 47 $525,000 $3,200,000 $1,296,681 $574,875 $1,141,500 2,790 $306.18 88

DRUID HILLS 6 40 $445,000 $2,700,000 $1,083,045 $407,500 $1,430,000 2,484 $265.18 28

INMAN PARK 0 4 $750,000 $1,235,000 $987,500 — — — — —

GARDEN HILLS 2 12 $595,000 $1,874,000 $1,168,646 $550,000 $2,100,000 3,766 $335.57 52

PINE HILLS 5 25 $485,000 $1,500,000 $786,067 $350,000 $1,571,400 2,784 $272.65 151

HISTORIC BROOKHAVEN 0 17 $839,900 $3,395,000 $1,762,465 — — — — —

ASHFORD PARK 8 17 $399,900 $1,159,000 $713,415 $375,000 $1,300,000 2,817 $268.51 21

BROOKHAVEN 3 36 $335,000 $3,459,000 $1,622,369 $825,000 $2,400,000 5,244 $287.72 237

BUCKHEAD 7 127 $375,000 $14,500,000 $2,372,617 $620,000 $2,100,000 4,522 $279.05 53

SANDY SPRINGS 1 12 $869,900 $4,295,000 $2,031,025 $550,000 $550,000 2,901 $189.59 39

HAYNES MANOR 4 8 $549,950 $3,599,000 $1,203,981 $550,000 $1,820,000 3,821 $277.32 96

CASTLEWOOD 1 1 $1,275,000 $1,275,000 $1,275,000 $599,900 $599,900 2,444 $245.46 29

CHASTAIN BUCKHEAD 0 0 — — — — — — — —

PEACHTREE BATTLE 2 4 $560,000 $7,850,000 $2,577,225 $1,400,000 $1,480,000 5,950 $248.74 86

BROOKWOOD HILLS 1 4 $749,000 $1,699,000 $1,186,500 $2,075,000 $2,075,000 5,308 $390.92 —

COLLIER HILLS 4 3 $599,900 $1,299,000 $932,933 $499,000 $700,000 1,904 $326.83 18

VININGS 0 8 $749,000 $2,850,000 $1,364,000 — — — — —

SILVER LAKE 0 0 — — — — — — — —

BRITTANY 2 3 $899,999 $1,415,000 $1,188,333 $570,000 $1,849,000 5,365 $208.64 44

BROOKHAVEN (AS CITY) 35 111 $299,000 $3,395,000 $878,074 $245,000 $1,849,000 3,355 $221.15 63

SANDY SPRINGS (AS CITY) 30 222 $369,000 $5,600,000 $1,064,567 $379,000 $1,430,000 3,779 $188.48 67

ATLANTA (AS CITY) 420 1600 $17,000 $14,700,000 $880,860 $28,000 $3,500,000 2,142 $153.90 51

Out of the Intown neighborhoods, the greatest inventory is found in Buckhead with 127 active listings. Buckhead also had the highest priced home on the market at $14.5M.

INTOWN NEIGHBORHOOD COMPARISON CHART

2018MONTHLY REVIEWJ A N U A R Y 2 0 1 8

Perfor mance BY NEIGHBORHOOD – INTOWN

Buckhead has the second largest inventory with 50 homes for sale,

followed closely by Morningside with 47 listings.

SALES: With 8 sales each in January, Morningside and Ashford

Park tied for the greatest number of home sales of the Intown

neighborhoods studied. Buckhead follows closely with 7 single-

family homes sold.

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

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

Woodcliff) attained the highest average sales price at $677,736 and saw the greatest sales price /

opening price ratio at 99.9%. Homes sold quickest in Area 14 (Roswell, Alpharetta, Johns Creek)

with homes spending an average of 64 days on the market.

MuffleyHomes.com 2018MONTHLY REVIEWJ A N U A R Y 2 0 1 8

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

Area 13 87 $495,610 93.7% 50 66

Area 14 82 $448,813 95.66% 48 64

Area 61 44 $330,123 97.07% 39 84

Area 62 148 $327,285 95.54% 49 72

Area 121 1 $570,000 97.44% 65 175

Area 131 21 $677,736 99.94% 48 71

Area 221 66 $466,864 94.45% 69 90

Area 222 77 $353,577 95.9% 72 88

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

With 148 single-family homes sold, Area 62 had the highest number of sales, followed by Area 13 with 87 sales.

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Perfor mance BY NEIGHBORHOOD

PRICE: Of homes sold in January, those in Milton and Dun-

woody had the highest price per square foot average at $151.88

and $151.71, respectively. The most affordable average price

per square foot of $107.06 was in Norcross. Cumming has the

highest priced home on the market at $9.5M. Milton comes in

second with a home listed at $6.6M.

DAYS ON MARKET: Homes sold quickest in Dunwoody and

Roswell, each with homes spending an average of 37 days on the

market before being sold. January’s longest average came from

Milton where homes spent an average of 75 days on the market.

INVENTORY: Cumming has the greatest number of homes

on the market of all North Atlanta neighborhoods studied.

Cumming has 832 homes for sale, followed by Alpharetta with

360 and Roswell with 237.

SALES:With 169, Cumming had the most homes sold in January

with sales prices ranging from $17,000 to $1.1M. Roswell and

Suwanee follow with 73 and 70 sales, respectively.

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 25 151 $ 280,000 $5,125,000 $992,350 $268,000 $999,000 3,585 $133.00 49

MILTON 17 196 $310,000 $6,599,000 $1,126,249 $283,400 $1,170,000 4,396 $151.88 75

CUMMING 169 832 $110,000 $9,500,000 $483,521 $17,000 $1,100,000 2,918 $125.06 67

ROSWELL 73 237 $209,000 $5,250,000 $688,096 $200,000 $1,099,999 3,094 $147.16 37

NORCROSS 20 42 $153,900 $799,000 $337,874 $99,000 $502,635 2,294 $107.06 72

DUNWOODY 15 52 $289,000 $1,200,000 $610,373 $295,000 $641,000 2,693 $151.71 37

PEACHTREE CORNERS 2 45 $274,000 $1,195,000 $573,022 $260,000 $715,000 3,052 $127.37 38

SUWANEE 70 216 $169,000 $4,500,000 $691,895 $165,000 $2,150,000 2,974 $129.31 58

DULUTH 42 139 $155,000 $5,795,000 $843,679 $160,000 $1,225,000 2,970 $117.92 53

ALPHARETTA 69 360 $85,000 $4,299,000 $733,504 $212,500 $1,175,000 3,148 $144.19 63

Suwanee had the highest sales price of the North Atlanta cities at $2.15M, while Cumming had the highest priced home on the market at $9.5M.

NORTH ATLANTA NEIGHBORHOOD COMPARISON CHART

2018MONTHLY REVIEWJ A N U A R 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 | 366 Blackland Road, Atlanta GA 30342