2018 seems to have come and gone in a flash as we’re nearly three weeks into 2019 already. At the start of every year, we sit down to answer the question we get asked more than any other, “How’s the market?” At Nest Realty Atlanta, we understand the importance of providing our clients with the insight to make confident, informed decisions. One of the ways we achieve this goal is by analyzing vast amounts of market data and delivering it in a relatable fashion. We are excited to release our 2018 Nest Realty Atlanta Annual Report.
This report provides a comprehensive look at how our local market performed not only last year, but in years past as well. Whether you’re considering selling your current home, buying a home, or just interested in learning more about our local real estate market, we hope this report serves as a valuable tool.
The Atlanta area real estate market turned in another solid performance in 2018. Tight inventory meant lower sales numbers in the more established markets, but the markets experiencing reinvestment and development showed explosive growth! Standout neighborhoods with more than 10% appreciation in median price included: Avondale Estates, Brookhaven, College Park, East Atlanta/Ormewood Park, Edgewood, Inman Park, Kirkwood, Old Fourth Ward, Poncey-Highland, South Atlanta, Southwest Beltline neighborhoods, Summerhill/Peoplestown, Vinings and Virginia-Highland.
Some incredible appreciation is seen in South Atlanta, the Southwest Beltline neighborhoods (West End, Adair Park, Capitol View, Capitol View Manor, Pittsburgh, and Oakland City) and Summerhill/Peoplestown. This growth in the southern area of the city is driven by the Beltline and large development projects and is offering more affordable home solutions for savvy buyers.
Be sure to read the full 2018 Nest Realty Atlanta Annual Report below to learn more about how the Atlanta market performed in 2018.
Have questions? Contact your Nest Broker today to find out what this report means for you and to discuss your real estate goals.
We’re happy to help you Live Where You Love and MOVE Boldly in 2019.
Note that most of the neighborhoods included a combination of single family and attached (condo/townhome) inventory. Due to this, the numbers in Ansley Park are a bit misleading. Ansley did not incur a 50% appreciation but had more condo sales in 2017 to reduce that average price. Going forward we hope to share data further broken out to reflect the detached and attached inventory in these neighborhoods.