Buckhead Market Stats May 2009

June 11, 2009

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

The average sold price was $793,000.  This is a 12% decrease over May 2008.

The average active listing price was $1,359,000. This is a 9.4% decrease over May 2008.

There were 925 homes for sale (9.4% decrease over May 2008 ).

39 homes sold and 63 homes went under contract.  One year ago, 60 homes sold (35% decline) and 72 homes went under contract (12.5% decline).

For single family homes over $1 million:

The average sold price was $1,534,000 (up 9.4% over May 2008 ).

The average listing price was $2,294,000 (down 1.4% over May 2008 ).

There were 403 homes for sale (22.9% decline over May 2008 ).

10 homes sold and 21 homes went under contract. One year ago, 20 homes sold (50% decline) and 24 went under contract (12.5% decline).

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


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