Updated commentary on trends in each of the top zipcodes in North Atlanta.

These charts represent an index that combines the prices, inventory and days on market to arrive at an index number. Index numbers give you just one statistic to watch and makes it easier to grasp trends over several markets. Higher than 30 and it is a “seller’s market” lower than 30 and it is a “buyer’s market”. While the indexes confirm that we are still in a buyer’s market, note the trend for each of these top zipcodes.

For more in-depth analysis by zipcode sent directly to you every week. Let us know and we will be glad to include you on our personalized eblast list.  These are customized to the areas you are interested in and can include actual sold data and days on market for each transaction.

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.

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 fill out the request form and we will make sure you get it in your email every week.

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. 

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 30062 and 30068 cover the area we know as “East Cobb”.  To someone unfamiliar with the area it may not make sense because most of this area has a Marietta address. 

For purposes of tracking though we will include just those two zipcodes to define “East Cobb” 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 fill out the request form and we will make sure you get it in your email every week.

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. 

 Remember that an index above 30 indicates a hot market where demand is greater than supply and prices start to reflect that. Below 30 and you are entering a cooler market where buyers have more of an advantage.

Four different zip codes cover the community of Buckhead in Atlanta, Georgia.  30342 encompasses the Chastain area and straddles both sides of Roswell Road taking in Brookhaven and North Buckhead.  30327 is the “finger bowl district” as defined by that area above West Paces Ferry Road from Northside Drive to the West and Roswell Road to the East.  30305 is the Lenox area and the east side of Peachtree Road.  30309 is the south Buckhead area.  It encompasses Brookwood Hills, Brookwood, Collier Hills and Peachtree Hills and takes you to the southernmost border of Buckhead. 

According to Altos Charts the Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Market zone for a long period, prices are likely in for a downward correction.

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. 

A cold market will typically cause prices to fall.  On the real time charts that we have displayed on this site we have selected the four zipcodes in Atlanta that cover the Buckhead market. 

In addition we have isolated the top quartile to track.  The top quartile is the top 25% of sales in each area. 

We are also providing charts in real time for Vinings, East Cobb and Roswell with the 7 day average and the 90 day average both illustrated.  For a detailed report that shows price per square foot, days on market, average selling price and current inventory levels contact us and we will send you an executive summary.  In addition we compile a ten page extensive report for each of the ten zipcodes in those areas.  Contact us for you copy.  Download this sample of the Vinings 30339 Market Update to view a report.