Atlanta Luxury Home Sale Prices Continued A Rise in Fourth Quarter

Written by Posted On Wednesday, 30 January 2019 11:04
$2.345 million listing by Robin Blass at 425 Rivertrail Ct, Atlanta $2.345 million listing by Robin Blass at 425 Rivertrail Ct, Atlanta

Luxury home sales and median sale prices continued a modest rise in the Atlanta Metro area from the fourth quarter of 2017, according to a new report by Coldwell Banker Residential Brokerage, a leading provider of luxury real estate services in Atlanta.

The median sales price for luxury properties in Q4 2018 rose to $1,341,250, up 3.2 percent from $1,300,000 in Q4 2017. There were 249 sales of residential properties priced $1 million and higher in Q4 2018, a 2.9 percent increase from the prior year’s fourth quarter.

The data is based on sales of $1 million-plus homes in the Atlanta Metro area recorded by the Multiple Listing Service.

“The Atlanta luxury housing market continued to be very active in the last quarter of 2018,” said Laura Rittenberg, president of Coldwell Banker Residential Brokerage in Atlanta. “Year-over-year, the sales of luxury homes rose to over thirteen percent.”

Below are some additional findings from the Q4 Coldwell Banker Residential Brokerage luxury report:

  • Luxury homes took an average of 93 days to sell in Q4 2018, compared to 107 days in Q4 2017
  • Sellers received an average of 93.9 percent of their asking price last quarter, compared to 92.0 percent in Q4 2017
  • At the end of Q4 2018, there were 962 luxury homes available, compared to 950 luxury homes at the end of Q4 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

Coldwell Banker Residential Brokerage in Atlanta is a leading residential real estate brokerage company with 12 offices and approximately 900 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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