Beacham & Company, REALTORS® Reports Atlanta Real Estate Sales Slow in April, but Average Home Sales Price Surges
Posted by Dac Carver — May 8, 2015
ATLANTA, GA — The number of Atlanta home sales in April was unchanged compared to the same month a year ago as the market struggled to replace housing inventory that was sold the previous month – one of the city’s best sales months in years.
Although all sales are not yet reported to the local MLS, the number of sales in the five-county metro (Cobb, DeKalb, Forsyth, Fulton and Gwinnett) was 12 sales short of the total from a year ago. There were 4,126 sales of single family detached homes and condominiums in April compared to 4,144 sales in April 2014.
Meanwhile, the average home sales price increased 11 percent in April compared to April 2014. The average home sales price in Atlanta last month was $289,199 compared to $259,813 a year ago.
Home sales in Buckhead followed the same trend lines as the rest of the market in April. There were 185 home sales in Buckhead compared to 187 a year ago. The average sales price of single family detached home sales in Buckhead was $997,669 last month compared to $921,242 a year ago, or a difference of 8.3 percent.
Housing inventory continues to be a challenge for the Atlanta real estate market. The number of single family homes for sale in the local MLS was up just 5% from a year ago but was flat-to-down in key markets such as Buckhead, Midtown, Morningside, Virginia-Highland, East Cobb, Alpharetta, Smyrna, Vinings and others.
Beacham & Company agents again outperformed the market in April with a 20 percent increase in number of home sales and a 42 percent increase in company dollar volume sold. Year-to-date, the firm is up 50.3 percent in number of homes sold and 43.6 percent in dollar volume sold from its previous record for the first four months of a year.
About Beacham & Company, REALTORS®
Beacham & Company, REALTORS® is an independent, locally-owned, full service residential real estate brokerage firm that specializes in Atlanta luxury real estate. Since its inception in 2006, Beacham & Company has the top producing agents in Atlanta by dollar volume of real estate sold and the highest average sales price of any firm in Atlanta. The firm is located in the heart of Buckhead at One Buckhead Plaza next to the St. Regis Hotel and across the street from Buckhead Atlanta shopping district. The firm has more than 90 full-time licensed sales associates.