Buckhead Home Sales Slow - New Buyer Opportunities
Posted by Ben Hirsh on Wednesday, September 15th, 2010 at 4:27pm.The number of single-family homes sold in Buckhead declined in August to 57 homes with an average sale price of $722,000. That number is down from the 62 homes sold in August 2009 and the 75 homes sold in July of this year.
August was not a great month for Buckhead home sales, but the market has long-term health and the overall number of homes for sale has actually declined to 877 homes. This represents a decline in the number of homes for sale in Buckhead by 7.2% over the last 60 days.
Bottom line? Seasonal changes and motivated sellers are giving some of the best deals of the year to todays buyers, so call me if you are ready to go! The good news for sellers is that the listing inventory continues to decline and buyers still view Buckhead as the premier area of intown Atlanta. This means long-term stability and high demand driven by our vibrant and growing community.
Most expensive home sold in Buckhead during August
675 West Paces Ferry Rd sold for $2,400,000 after 68 days on the market. This 6200 square foot home has all of the bells and whistles that you would expect for the price.
Least Expensive Home Sold in Buckhead During August
This 2 bedroom/ 2 bath home at 3024 Clarendale weighs in at a modest 1101 square feet and ranks as Buckheads low-price leader for August. The home was built in 1930 and sold for $199,900 after the seller had it on the market for quite a while.
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