Atlanta Area Luxury Home Sales, Prices Increase in Third Quarter

Written by Posted On Thursday, 25 October 2018 09:03

ATLANTA (October 19, 2018) – Luxury home sales and median sale prices rose in the Atlanta Metro area from the third 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 313 sales of residential properties priced $1 million and higher in Q3 2018, a 13.8 percent increase from the prior year’s third 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 Q3 2018 rose to $1,350,000, up 3.2 percent from $1,308,724 in Q3 2017.

“The Atlanta luxury housing market made strong gains in overall property sales over the last quarter,” said Laura Rittenberg, president of Coldwell Banker Residential Brokerage in Atlanta. “Homes are selling at a faster pace than this time last year, even with the surplus of inventory on the market.”

Below are some additional findings from the Q3 Coldwell Banker Residential Brokerage luxury report:

  • Luxury homes took an average of 86 days to sell in Q3 2018, compared to 99 days in Q3 2017
  • Sellers received an average of 93.3 percent of their asking price last quarter, compared to 93.8 percent in Q3 2017
  • At the end of Q3 2018, there were 1,150 luxury homes available, compared to 1,184 luxury homes at the end of Q3 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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