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Buckhead Market Stats March 2009

April 10, 2009

For all single family homes in all price ranges Buckhead (Atlanta, Georgia) during March 2009:

The average sold price was $758,000.  This is a 28% decrease over March 2008.

The average active listing price was $1,412,000. This is a 4.5% decrease over March 2008.

There were 874 homes for sale (5% increase over March 2008 ).

30 homes sold and 40 homes went under contract.  One year ago, 64 homes sold (53% decline) and 65 homes went under contract (39% decline).

For single family homes over $1 million:

The average sold price was $1,529,000 (down 23% over March 2008 ).

The average listing price was $2,342,000 (up 1.8% over March 2008 ).

There were 397 homes for sale (14% decline over March 2008 ).

6 homes sold and 8 homes went under contract. One year ago, 23 homes sold (74% decline) and 19 went under contract (58% decline).

Information provided by Atlanta Fine Homes Sotheby’s International Realty with the Source: Trendgraphix.

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One comment

  1. Wow that data really paints a picture of what’s going on the the residential realestate market. In my opinion Atlanta did not take part in the extreme real estate boom of a few years ago as Florida, California, and Neveda amoung others did but it is being taken down a similar road as those markets lead the rest of the country down. Hopefully the reduced prices and historically low mortgage rates will lead to an uptick in our Atlanta market activity.



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