June was Atlanta Real Estate Market’s Best Closing Month Since 2011
Posted by Dac Carver — July 13, 2015
ATLANTA, GA - The Atlanta real estate market clocked its best showing of the year in June and best month-over-month performance since 2011. The number of homes sold in Atlanta rose by 15.8% in June from June a year ago. Previous month-over-month increases this year have been in the single digits except when a late winter inventory surge led to a 12.9% increase in March.
According to the local MLS, there were 5,647 home sales in the five-county metro (Cobb, DeKalb, Forsyth, Fulton and Gwinnett) last month compared to 4,878 a year ago, or a difference of 769 sales. Some June closings have yet to reported to the MLS, so the numbers have room to go higher. Total dollar volume sold increased from $1,385,196,854 to $1,718,685,751, a difference of $333,488,897 or 24.1%. Both homes sold and dollar volume sold figures include sales of single family detached homes as well as condos and townhomes.
The average home sales price remained strong, rising 7.2% from the same month a year ago. The average was $304,354 last month compared to $283,908 a year ago. It was the second month in a row that the average was more than $300,000 – a mark that was established only last month.
In Buckhead, the number of homes sold increased 11.8% in June. There were 218 home sales in Buckhead compared to 195 a year ago. The average sales price of single family detached home sales in Buckhead climbed to what is believed to be a monthly record ($1,132,040) and was up 13% from a year ago ($1,001,894).
Sales of Atlanta luxury properties were robust again in June. There were 16 sales of $2 million or more last month compared to just 8 in June 2014. Of the 16 sales, all but two were in Buckhead. The average sales price last month was $2,591,188 compared to $2,383,000 in June 2014, or a difference of 8.7%.
Beacham & Company set company records for closings and dollar volume sold in June and has already closed 74.3% of the business it did in all of 2014. Company dollar volume sold was nearly $80 million in June which surpassed the previous company high by 32.1%. The number of homes sold by the firm was up 56.3% from June 2014.
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.