Brookhaven GA Real Estate Market Trends

Written by Posted On Tuesday, 14 January 2020 10:56
Brookhaven GA real estate market trends Brookhaven GA real estate market trends Nest Atlanta Real Estate Group

Brookhaven GA Real Estate Trends Report

3Q 2016  :: Brought to you by Urban Nest Atlanta :: 404-205-8800

 

We had another strong home sales season in Brookhaven, Georgia 30319.  In the report below you will see that some things are leveling off and in other areas, we are seeing record-breaking numbers!  Get the full scoop with our 2016 Brookhaven Home Sales Trends Report below…

 

BROOKHAVEN HOME SALES

 

A total of 155 single family homes sold in Brookhaven (30319) in the third quarter of 2016.  It’s right on par with home sales over the last two years.

The absorption rate is very strong (2.5 months), due to the limited housing inventory in the lower price ranges (under $700K).

 

HOME PRICES IN BROOKHAVEN GA

 

The average single-family home price in 1Q was $721,011.  That about $118,000 higher than the same time last year BUT — yes, there is a but! — this average price may be a bit inflated. Here’s why…

In the last 10+ years, only one Brookhaven home sold over $3.0 million and this quarter there were TWO homes that sold in this price range, so naturally, that skewed our average a bit.

The median sales price in zip code 30319 was $590,000 and is a more accurate reflection of home values in Brookhaven / 30319.

** If you are curious about the record-breaking prices in this zip code, click here to see the most expensive homes sold in 3Q 2016.  The current record holder is  3820 Club Drive.  It sold for $3,825,000 in 2007.

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HOW QUICKLY ARE HOMES SELLING?

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Last quarter, single family homes sold on in 57 days on average.  Because the time to sell a home in Brookhaven varies greatly by the home’s price and there was a wider range than normal this quarter (i.e. low $200s to $3.4 million), we recommend using the median number (33 days) to get a better idea of how quickly homes are selling.

32% of the 30319 homes sold in less than 2 weeks.  IMPRESSSIVE!

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ARE BUYERS STILL WILLING TO PAY FULL PRICE?

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Absolutely!  The list price to sales price percentage is 94.9%, so buyers are negotiating about 5.1% off the sales price (on average).   18.7% of the Brookhaven home sales were at 100% or more of the asking price!.

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Learn more about the fabulous Brookhaven community and tour all the current real estate listings for sale…

Search Brookhaven GA real estate for sale, direct from the Atlanta MLS

 

Have questions about the Brookhaven real estate report and/or current home values?  Call the Urban Nest Atlanta Real Estate Group anytime.  

Text / call :: 404-432-1844

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BROOKHAVEN MARKET HIGHLIGHTS

  • 2 of the 3 most expensive homes sold this quarter — over $3.0 million!
  • 32% of the 30319 real estate listings sold in less than 2 weeks
  • Housing inventory is still very low – especially single family homes under $700K
  • About 20% of the homes sold over asking price (down a bit from previous years)

 

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Kerry Lucasse - Urban Nest Atlanta

As an Atlanta resident for over 25 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 Team at eXp Realty LLC 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.

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