Real Time Market Trends in Sandy Springs and Dunwoody. Hot or Not?

May 29, 2008

atlanta area luxury real estate statistics

For an explanation about what Market Action Index (MAI) is and who publishes it click to this earlier post.  These charts that I prepared for zip code 30028 and 30050cover the area we know as “Dunwoody” and “Sandy Springs”.  With the incorporation of Sandy Springs into a city the border of which does bleed into 30027 this index will not be a totally correct one.  Refer to 30327 which is primarily Buckhead and is available on that chart.

Sandy Springs, GA

Last updated: Mar 15, 2010

Median List Price:
$379,900
Average List Price:
$495,480
Total Inventory:
67
Price Per Square Foot:
$0/SqFt
Average House Size:
0 SqFt
Average Lot Size:
32670 SqFt
Average # Beds:
4.07
Average # Baths:
3
Homes Sold This Week:
7
New Homes on the Market:
2
Avg Days on Market:
215.66 DOM
Average Age of Home:
42 Years

* The statistics above reflect single-family homes in Sandy Springs, GA in the 30328 zip codes.

Data provided by Altos Research
Plugin created by Dynamo Effects
We will include just these two zipcodes to define Dunwoody and Sandy Springs for monitoring  residential real estate trends.  Keep in mind that these charts are only referring to the “top tier” properties in the area. That is defined as the top 25% of the market in terms of sales price, since we specialize in distinctive and luxury real estate, that is the sector we monitor.  For a more macro view check out this link and if you want to receive a very detailed report weekly on your overall market please comment below and we will make sure you get it in your email every week.

Last updated: Mar 15, 2010

Step 1: Choose your market segments

Timeframes

Price Ranges

Types

Areas

Step 2: Choose the statistics that you want to view

Median Listing Price

Median Listing Price

Number of Listings

Number of Listings

Avg Days on Market

Avg Days on Market

Sold

Sold

Market Action Index

Market Action Index

% Price Decreased

% Price Decreased

PLEASE NOTE: Neither this site nor its operators make any representation or warranty regarding the information presented herein and specifically disclaims all warranties including, but not limited to, any warranty of merchatability or fitness for a particular purpose. Information is deemed reliable but not guaranteed.

Data provided by Altos Research
Plugin created by Dynamo Effects

A Market Action Index (MAI) value greater than 30 typically indicates a “Seller’s Market” because demand is high enough to quickly gobble up available supply.  A hot market will typically cause prices to rise.  MAI values below 30 indicate a “Buyer’s Market” where the inventory of already-listed homes is sufficient to last several months at the current rate of sales.

Related Posts :

About the author: Cheri Riley is the Founding Partner of the Cheri Riley Group at Atlanta Fine Homes Sotheby's International Realty. She has overseen almost two billion dollars in residential real estate sales either directly or under her management. Her passion is uniting extraordinary properties with extraordinary people.

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