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Grant Park Atlanta Real Estate Trends - 3Q 2015

Written by Posted On Tuesday, 14 January 2020 11:34

Grant Park Real Estate Trends

Grant Park Home Sales TrendsQ3 2015 :: Brought to you by Nest Atlanta

We just finished the quarterly home sales report and the Grant Park Atlanta real estate market is still very strong, even though there are signs that home prices are stabilizing.  As you’ll see in the 3Q 2015 Grant Park Atlanta Real Estate Trends Report, homes are still selling very quickly and for top dollar!

  • The average sales price in Grant Park is $350,289.  We are right on par with the same time last year ($350K vs $347K).  We are up  $70,000 from 3Q 2012 and almost $125,000 from 3Q 2011.  Impressive!
  • Grant Park homes sold last quarter ranged from $176,900 to $530,000, with the median sales price at $355,000.
  • On average, homes sold in just 19 days last quarter — that’s 3x faster than the same time last year and the best we’ve seen in many, many years.
  • After reviewing market data for many of the popular Atlanta neighborhoods, it is clear that Grant Park is leading the pack this year in fastest home sales.  66% of the homes sold in less than 2 weeks, with 40% selling at or over the asking price.
  • A total of 33 homes sold in the July to September timeframe.  That’s 30% more than the same time last year, but right on track with previous quarters this year.

Read the full Grant Park Real Estate Market Report

 

 

THE BURNING QUESTION:   Should I sell now or wait another year or two?

Our crystal ball isn’t always reliable, but based on the Grant Park sales data from the last two years, it looks like the dramatic spikes in home prices are becoming more balanced — 2.5% increases per year instead of 10% increases.    The good news is that the demand for homes in Grant Park is not slowing down any time soon.  The # of home sales are up, buyers are paying top dollar (99% of asking price on average) and are selling quickly (60% sell in less than 2 weeks).   Based on this information, we feel comfortable answering this burning question:

If you decide to sell your Grant Park home the next 6 months, it will probably sell very quickly with multiple offers = Painless.

If you decide to wait and sell your home in 18 months, it will sell for approximately 2.5% more than it would today, but if the interest rates rise during that time, there may be fewer buyers who can qualify and therefore, the demand for homes won’t be what it is today.  You may sell for a bit more, but it may take longer and you probably won’t receive multiple offers and/or full price offers.

 

Have questions about the Grant Park real estate market and/or current home values?  

Contact the Nest Atlanta team anytime.  We are always here to help!

Call 404-432-1844.  Visit http://www.inGrantPark.com

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Please note:  All Virginia Highland (Atlanta 30306) home sales data was extracted from FMLS on October 7, 2015 by Kerry Lucasse.  Information is deemed reliable but not guaranteed.  For the latest report of home sales activity, please call us at the number above and we’ll be happy to email you a copy.

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Kerry Lucasse - Urban Nest Atlanta

As an Atlanta resident for over 20 years, Kerry Lucasse has watched many of the neighborhoods transform into unique and vibrant communities. She turned her passion for historic homes into a career in real estate. 

Kerry takes great pride in her work and enjoys managing the Urban Nest Atlanta Real Estate Group at eXp Realty and utilizing her extensive internet marketing background to assist Atlanta home sellers with the quick sale of their home or investment property. The foundation of her business is having happy and satisfied clients and feels that her job isn't complete until you are raving about your experience to everyone you know!  For more information about Kerry and the Urban Nest team, visit our website.

https://urbanestatl.com
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