May 2010 Buckhead Home Sales Report (Carson Matthews)June 11, 2010
Submitted by Atlanta Fine Homes Sotheby’s International Realty agent Carson Matthews; extracted from his blog, The Buckhead Blog.
Below are the statistics I have compiled for Buckhead home sales in May 2010. These numbers reflect single-family detached homes in area 21. You can also view the “Buckhead Home Sales Reports” to see historical data for Buckhead.
Closed Sales in Buckhead
Homes Sold in May -62 (up from 46 in April)
Average List Price – $829,832 (up from $796,000 in April)
Average Sales Price – $751,614 (up from 732,000 in April)
Average Sales Price/List Price Ratio – 90.5%
Average Days on Market – 87 Days
Last month I reported that there were 158 homes pending sale at the end of April. As of today there are 112 homes in Buckhead under contract. It will be interesting to see how many of those close before June 30th when the Home Buyer Tax Credit ends. Of the 62 homes that closed in May, 34 of them were under $800,000 and therefore qualified for the tax credit.
Did you go under contract on a home recently? If so, we’d be interested to know if the Home Buyer’s Tax Credit was an incentive for you to do so by April 30th. Let us know!