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.

We have created charts that track the last seven day moving average for sales price and inventory count in ten of Atlanta’s top zipcodes in Buckhead, Vinings, Dunwoody, Sandy Springs, Roswell and East Cobb.  These are dynamic and change once a week.  In addition to  the seven day average you will see the 90 day average tracking behind it.  Note the relationship between the amount of inventory and the selling price.  We will be continuing to add custom charts including one that tracks only the top quartile in each of those area’s. 

This link: Altos Zipcode Charts for Inventory and Price in Atlanta’s Top Tier Neighborhoods will get you to those charts but for a more detailed analysis by zipcode sent to you once a week that offers 10 pages of information specific to that zipcode just email us at cheririley@atlantafinehomes.com

This is a good reference point for determining where the numbers are heading in a given area.  The benefit for a buyer would be help timing an offer.  A seller would benefit when timing a price adjustment. 

 
One Vinings Mountain near Buckhead and the heart of Atlanta’s shopping and dining offers incomparable views with a village atmosphere and world-class view of the city from atop Mount Wilkinson in Vinings. We now have two special opportunities to purchase nearly new residences in this fabulous location. Both are two bedrooms, two and one half baths with totally different floor plans and views.

Residence 1017 is located on the 10^th floor penthouse level and offers sweeping vistas of the North Georgia Mountains, the Golden Triangle area of Cumberland and downtown Buckhead in Atlanta. The sellers have just authorized a dramatic price cut to well below the purchase price. 

One of the most amenity filled buildings in Atlanta, One Vinings Mountain was “first to market” in this well situated community with an effortless lifestyle and tax advantages that no other current offering can match. Pet friendly yet full of luxury touches to pamper you and your guests, One Vinings Mountain is convenient to some of the area’s best parks and trails as well as the Southeast’s premier shopping and dining location.

Call for details and a private tour. We can be reached at 404-944-9992. The Cheri Riley Group-Atlanta Fine Homes Sotheby’s International Realty

Our favorite website tool is the Atlanta Market Snapshot. Right above this post on the blue toolbar, just click and fill out a few bits of information and confidentially sent to you as often as you want is the most detailed market analysis tool available in Atlanta today. Many agents feel this is too much information to give customers and clients direct access too but we feel that the true value of an experienced agent is not handing you raw numbers.  There are trending graphs and maps that pinpoint the exact transactions as well as a direct link to Zillow, the controversial on line appraisal tool.

However, how long a home was on the market for or even what it sold for is not the whole story. We welcome the opportunity to let our clients have all this information in one easy to access format.  If you are visual and like graphs, there are charts,  if you want to drill down to the data, there are details of the properties and transactions. By finding and implementing these latest tools for our friends and clients, we can spend more time showing and selling properties, talking with the owners, buyers and agents and getting and creating the “story” behind the statistics.  Sometimes things are not as they seem,  for instance in today’s market  in many high-end and new construction sales we are seeing trades and swaps becoming another “term” to be negotiated as well as “price”.  This will never show up on a graph or list of sales. 

Terms are very important right now in this very competitive and challenging market.  It’s not just the excess inventory that is a seller’s competition, it’s the skill, experience and creative negotiating abilities of the agents handling the competing properties.

I love that we are able to provide our customers and clients with this information in the most effective and timely way possible.   Just know that we are a phone call or live chat away for the “story” behind the statistics.

Here to serve you,