1st Quarter 2012 Buckhead Home Sales Report

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Buckhead real estate has been really busy in the first quarter of 2012.  Everyone you talk with feels like homes are selling faster, great homes are getting multiple offers, and the mood around town is quite chipper.  This is a very welcome atmosphere that we have been missing for a while.  While the first quarter of 2012 shows some improvement over the first quarter of 2011, it still has its challenges.  We saw an uptick in the number of homes sold this quarter and the sales price to list price ratio is getting back in line.  The average list price and sales price are both down compared to last year, but this is likely a market correction.  You can see in the chart below that Buckhead sellers are now getting 92% of their list price compared to 89% in the same period of 2011.  To me, this shows that homes are being priced closer to their actual value which in turn generates a quicker sale.

Here is a chart showing the comparison between the 1st quarter of 2011 & 2012:





2nd Quarter Outlook:
There are already 84 pending sales in the books for the second quarter, and considering its the middle of April, I foresee those numbers being really strong.  That does not include another 40 homes that are slated to close, but are still contingent.



If you want a more targeted market analysis for your neighborhood, please contact me and I would be happy to assist you.
Thank you,
Carson MatthewsAtlanta Fine Homes Sotheby's International Realty678-595-9286www.TheBuckheadOffice.com