Today’s Custom Home Magazine in Atlanta features Cheri Riley of Atlanta Fine Homes Sotheby’s International Realty in their June/July Issue now on newsstands with a circulation of over 50K copies per issue.  In addition the new Vinings development, Avignon, by Kairos Development is featured.   Avignon is one the most attractive new developments under construction in Vinings. 

Click here to download a complete copy of Cheri’s article in Today’s Custom Home.

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.  This chart that I prepared for zip code 30339 covers the area we know as “Vinings Village“.  To someone unfamiliar with the area it may not make sense because it has an Atlanta address and there are also neighborhoods with a Smyrna address that refer to their location as Vinings.  Vinings Village is bordered by the railroad tracks to the west and the river to the east.  Hwy 41 to the north and Log Cabin Road to the south. 

Keep in mind that this chart is 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. 

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.

 Luxury Homes, Global Reach
 
Atlanta Fine Homes Sotheby’s International Realty and the Cheri Riley Group take great pride in using considerable experience, resources, and global connections to artfully unite extraordinary properties with extraordinary lives. Born of local leaders with global plans, and combining the strength of the storied auction house, we continue to provide exceptional service and astute valuation for many of the Atlanta’s finest and most luxurious homes.