Chartmasters has completed their typically outstanding review of the 2nd Quarter 2011 Atlanta real estate market data. Metro map overlays are posted, there were some interesting results 
from the data analysis. Highlights from the report include:
- Compared to this time last year, 1.5% more homes have sold – but this was due to increases in the under 200K market.
- Most foreclosure activity was in Paulding County, the least in Sandy Springs inside 285
- Most short sale activity was in SE Dekalb County, the least in Sandy Springs outside of 285
- Highest median sale price was in the Buckhead area, lowest in SW Atlanta
- Highest median positive price change was in Buckhead, lowest was in south metro Atlanta
- In 2nd Qtr 2011, 47.4% of all listings failed to sell
- In 2nd Qtr 2011, 35.9% of homes had multiple listing periods
- In 2nd Qtr 2011, 66.9% of homes had price reductions
The entire metro Atlanta area is broken out geographically by MLS area and can be SEEN HERE. As always, a word of caution – this is an overview and while Chartmasters does a good job of segregating the data into defined groups, every home and situation is different. Take all of this in context – it’s excellent as an overview, just keep it in perspective.
Visit the Atlanta Real Estate Market Conditions page and sign up for weekly Altos Data reports for any of over a hundred zip codes. Please EMAIL US or call 678-428-8276 with any questions.
Hank Miller is an Associate Broker & Certified Appraiser working full time in real estate since 1989. He specializes in the north Atlanta real estate market which includes Alpharetta, Marietta, Roswell, Duluth, Kennesaw, Sandy Springs and surrounding areas. Visit the main site at www.hounddogrealestate.com and reach Hank anytime at 678-428-8276 or EMAIL Hank
