Grant Park Real Estate Market Trends Report
3Q 2017 Home Values, Trends and Recently Sold Homes in Atlanta’s Grant Park Neighborhood
The Summer / Early Fall season is usually a slower time for Atlanta home sales — but not for the fabulous Grant Park neighborhood! Home prices experienced a record-breaking spike and almost half the homes sold in less than two weeks. If you live in Grant Park, you know that all the new restaurants along the Memorial Drive corridor and the upcoming Beltline Trail are bringing more and more home buyers to your lovely Intown Atlanta neighborhood. Below you will find a full overview of 2017 Grant Park real estate market trends for the third quarter (July – September). Once you see the jaw-dropping home sales stats we know you’ll want to give yourselves a pat on the back for investing in this amazing ‘hood. Enjoy!
3Q 2017 Grant Park Real Estate Market Trends
A total of 27 single family homes sold in Grant Park in the third quarter of 2017. It’s right on par with the same time last year.
Even though 27 homes sold the demand for homes in Grant Park is VERY strong, so if there were more homes for sale (especially those under $500K), we feel confident that twice the number of homes would have sold. If you are a home buyer, the market is a bit challenging, due to low inventory and bidding wars… but if you are a selling a home in Grant Park, there probably isn’t going to be a better time! Not only will your home sell quickly, usually you have at least 2 or 3 buyers that you can choose from. If you are considering listing your home, please don’t miss our real estate market updates every quarter so you can pick the best time to sell at top dollar… or just give us a call at 404.432.1844 or 404-205-8800.
GRANT PARK HOME PRICES
The average single family home price was $477,435. That’s a WHOPPING $73,000 increase from the same time last year!
- Grant Park home prices ranged from $239,900 to $720,000 in 3Q 2017
- The median sales price was $510,000
- There were several recently renovated homes that sold in Grant Park (zip code 30312), but only one newer construction home (built in 2015)
ARE BUYERS REALLY PAYING TOP DOLLAR?
Full price offers are definitely the norm in Grant Park! The list price to sales price percentage is 96.5%, so buyers are negotiating about 3.5% off the home sales price, on average. This is slightly down from 98% last year, but still 41% of the homes sold at 100% or more of the asking price.
HOW QUICKLY ARE LISTINGS SELLING?
Earlier this year, homes were selling in about 7 days, but in 3Q, the median number of days to sell a home in Grant Park was 21 days. The average # of days it took to sell a home was 37.
45% of the Grant Park homes sold in less than 2 weeks!
In conclusion, the Grant Park real estate market is still VERY strong. Low inventory is driving price increases, but homes are taking a bit longer to sell and buyers are starting to negotiate about 1% to 2% more off the listing price. We highly recommend checking in very quarter for the latest real estate market stats. We want you to be a well-informed home buyer and/or a super savvy home seller! Our Grant Park experts on the Grow Real Estate Group team are also available if you have any questions about the current market, so please don’t hesitate to reach out. We’re here to help!
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Current Homes for Sale in Grant Park
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Grant Park Homes Sold
Single family home sales between 07/01/2017 – 00/30/2017
|462||Bryan St SE||4||3||$600,000||$590,000||4|
|319||Saint Paul Ave||4||2.5||$575,000||$575,000||5|
|406||Bryan St SE||3||2.5||$429,000||$420,000||2|
Grant Park Atlanta real estate sale stats were extracted from the Atlanta MLS (FMLS) on October 9, 2016 and interpreted by Kerry Lucasse with the Grow Real Estate Group at eXp Realty. Information deemed accurate but is subject to change. Please note that inn the chart above, “TDOM” stands for “Total Days on Market” and the square footage is an estimate from the tax records, home builder or appraiser.
If you would like a copy of the full sales report, including photos of the recently sold homes, please text or call Kerry at 404-432-1844. She would be happy to email you a copy!