Atlanta Area Luxury Home Sales, Prices Increase in Second Quarter

Written by Posted On Wednesday, 11 July 2018 08:53

ATLANTA (July 11, 2018) – Luxury home sales and median sale prices rose in the Atlanta Metro area from the second quarter of 2017, according to a new report by Coldwell Banker Residential Brokerage, a leading provider of luxury real estate services in Atlanta.

There were 385 sales of residential properties priced $1 million and higher in Q2 2018, an 18.1 percent increase from the prior year’s second quarter. The data is based on sales of $1 million-plus homes in the Atlanta Metro area recorded by the Multiple Listing Service.

The median sales price for luxury properties in Q2 2018 rose to $1,325,000, up 1.9 percent from $1,300,000 in Q2 2017.

“Overall, the Atlanta luxury housing market saw a strong increase in sales in the second quarter of the year,” said Laura Rittenberg, president of Coldwell Banker Residential Brokerage in Atlanta. “The strong bump in sales is very encouraging as we get further into the summer selling months.”

Below are some additional findings from the Q2 Coldwell Banker Residential Brokerage luxury report:

  • Luxury homes took an average of 85 days to sell in Q2 2018, compared to 81 days in Q2 2017
  • Sellers received an average of 93.7 percent of their asking price last quarter, the same as in Q2 2017
  • At the end of Q2 2018, there were 1,199 luxury homes available, compared to 1,237 luxury homes at the end of Q2 2017

The Atlanta Metro Area Luxury Home Report is presented by Coldwell Banker Residential Brokerage, a specialist in high-end real estate sales. Through its internationally renowned Global Luxury program, Coldwell Banker is recognized around the world for its expertise in the luxury housing market. 

Coldwell Banker Residential Brokerage in Atlanta is a leading residential real estate brokerage company with 13 offices and approximately 850 affiliated agents serving the communities of Greater Atlanta. Real estate agents affiliated with Coldwell Banker Residential Brokerage are independent contractor agents and are not employees of the company. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation's largest residential real estate brokerage company. For more information, visit ColdwellBankerHomes.com.

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