3q15 developer services market report

MARKETINSIGHTS

INTOWN ATLANTA | 3Q15

Analysis of New & Re-sale Condo & Townhome Sales Activity

Experience. Exposure. Results.

CONTENTA Welcome

B Market Summary | Buckhead

C Market Summary | Midtown

D Market Summary | Downtown

E Market Summary | Intown

F New Townhomes

DEVELOPER SERVICES

Representing a consolidation of Atlanta Fine Homes Sotheby’s

International Realty’s most successful development sales and

marketing teams, the leadership of our new Developer Services

division has orchestrated record-breaking sales in Atlanta’s most

celebrated high-rise developments.

The Developer Services Division specializes in the strategic

consulting, marketing and sales of high-quality residential

developments. Backed by the global marketing platform of

Sotheby’s International Realty, the experience, exposure and results

delivered by our team is unparalleled. We provide developers with

customized and comprehensive services, including pre-construction

project planning, innovative marketing, and effective sales strategies,

resulting in maximum success for our clients.

We hope that you find the following comprehensive market report

useful and insightful.

Anne SchwallVice President

Christa HuffsticklerVice President

Ansley FetzMarketing Director

LEADERSHIP

YOU BUILD HOMES, WE BRING BUYERS.

EXPERIENCEEXPOSURE

RESULTS

BUCKHEADMARKET SUMMARY

Our analysis of the Buckhead luxury condominium

market focuses on those residences built no later than

2007 and priced above $700,000, with a minimum of

two bedrooms. Generally speaking, availability has

remained relatively consistent over the past two

quarters, with sales peaking in July, with 10 sales. June

represented the busiest month overall, with a total of

20 residences sold or under contract for sale by the end

of the month. As it has all year, demand has remained

strong for luxury condo residences in Buckhead, with

sales closing anywhere from 93-99% of the original

asking price.

Buckhead continues to remain consistent in terms of

luxury sales in the Atlanta area. Through the first three

quarters of 2015, there have been anywhere from 40-47

units listed for sale during any one month, with the

exception of 55 units listed in September.

Sales hit a yearly high in July, with 10 residences closing

at an average of over $1.56 million. Prices for luxury

condominiums in Buckhead are well placed, with sellers

receiving between 93-99% of the original asking price.

Average asking prices have remained relatively

consistent throughout 2015, with prices ranging from

$1.92 million to $2.05 million. Average prices per square

foot went from $296/SF to $577/SF at the end of Q3

due to dwindling availability of new construction - with

only new construction inventory available at the St. Regis

and Mandarin Oriental.

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BUCKHEAD

NUMBER OF RESIDENCES ON THE MARKET

For Sale

Sold

Pended

Area 21 - Atlanta North3Q 2015Built in 2007- present

Price: $700,000+Size: 2 BD+Type: Residential Attached

Current vs. Prev Month Current vs. 9 Months Ago

Sep. 15 Aug. 15 % Change Sep. 15 Jan. 15 % Change

For Sale 55 47 -17% 55 40 37.5%

Sold 4 3 33.3% 4 6 -33.3%

Pended 4 1 300% 4 6 -33.3%

Date 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep

For Sale 40 46 43 40 40 42 44 47 55

Sold 6 2 8 6 6 7 10 3 4

Pended 6 7 7 7 7 13 5 1 4

Months of Inventory (Closed Sales) 6.7 23 5.4 6.7 6.7 6 4.4 15.7 13.8

Months of Inventory (Pended Sales) 6.7 6.6 6.1 5.7 5.7 3.2 8.8 47 13.8

Absorption Rate (Closed Sales) % 15 4.3 18.6 15 15 16.7 22.7 6.4 7.3

Absorption Rate (Pended Sales) % 15 15.2 16.3 17.5 17.5 31 11.4 2.1 7.3

Avg. Active Price ($000’s) 1923 1963 2037 2082 2048 2037 1987 2045 1970

Avg. Sold Price ($000’s) 1343 2000 1237 954 1752 1159 1561 1610 1995

Avg. Sq. Ft. Price ($) 296 418 421 374 480 427 593 687 577

Sold/List Diff. % 93 93 96 97 94 97 98 93 99

Sold/Orig LP Diff. % 93 93 96 96 95 97 98 89 122

Days on Market 82 58 153 162 159 63 114 128 164

Avg CDOM 152 58 153 162 159 63 126 128 164

Median 905 2000 1123 955 1605 995 1575 1285 1660

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015.

MONTHS OF INVENTORYClosed Sales (January 2015 - September 2015)

AVERAGE PRICE PER SQ. FT.(January 2015 - September 2015)

*Not all sales data entered in FMLS

UNIT # CLOSED &PENDING DATES SALES PRICE BEDS BATHS UNIT SF $/SF

53A 1/21/15 $1,500,000 2 2.5 2091 $717.36

42A 3/02/15 $1,700,000 2 2.5 3040 $559.21

43A 3/25/15 $2,150,000 3 3.5 2976 $722.45

45A 5/28/15 $2,150,000 2 2.5 3000 $716.67

40A 5/29/15 $1,995,000 2 2.5 2999 $665.22

42B 6/30/15 $2,135,000 2 2.5 3501 $609.83

39A 7/20/15 $1,950,000 2 2.5 2895 $673.58

38B 9/15/15 $2,525,000 3 3.5 3501 $721.22

50R 9/15/15 $3,200,000 raw raw 5157 $620.52

51 9/24/15 $3,888,000 4 3.5 5191 $748.99

The Mandarin Oriental Residences are some of the most sought-after units on the market. 10 residences have closed through 3Q15, all fetching between $600-$722/sq. ft.

Mandarin OrientalResidences

List Price per SF $605-786/SF

2013 Closed P/SF Avg N/A

2013 Total Closings N/A

2014 Closed P/SF Avg 7 total

2014 Total Closings $690/SF

2015 Closed P/SF Avg SHELL $620/SF

2015 Closed P/SF Avg FINISHED $682/SF

2015 Total Closings 10

Pending Price per SF no pending sales

BUCKHEAD NEW CONDOS

*All data on this page courtesy of Trendgraphix, 1/1/2015 - 9/30/2015.

Sovereign is completely sold out, with the final three residences closing during 3Q15. These 2BD/2.5BA residences closed between $500-$550/sq. ft.

Sovereign

2Q15 SOLD OUT

List Price per SF SOLD OUT

2013 Closed P/SF Avg $559/SF

2013 Total Closings 22 total





Pending Price per SF SOLD OUT


3603 3/16/15 $1,390,000 2 2 2461 $564.81

3202 7/1/15 $1,575,000 2 2.5 3104 $507.41

3002 7/31/15 $1,580,000 2 2.5 2882 $548.23

3302 8/8/15 $1,575,000 2 2.5 2882 $546.50


2210 3/31/15 $2,590,000 shell shell 3264 $793.50

2330 5/5/15 $5,056,584 shell shell 6824 $741.00

1940 10/31/15 $4,000,000 shell shell 4994 $800.96

2310 10/31/15 $4,225,000 shell shell 5336 $791.79

There are eight homes remaining at the St. Regis Residences, which include a combination of finished homes and shells ranging from 3,583 to 5,336 sq. ft. New shells are expected to range from $815-$1,065 per sq. ft.

St. Regis Residences




2014 Closed P/SF Avg $749 and $850


2015 Closed P/SF Avg SHELL $767/SF

2015 Closed P/SF Avg FINISHED all shells sold 2015


Pending Price per SF $796/SF


RESALE CONDOS ANALYSIS

BUCKHEAD

Although Buckhead continues to offer less inventory than its Midtown neighbor, demand remains

high for mid-range resale condominiums. Absorption leaders during through 3Q15 include Lenox

Green, Peachtree Place, Eclipse and Ovation, which have all surpassed their 2014 totals. The

Sovereign and The Ritz-Carlton Residences set the benchmark for luxury in Buckhead, with 2015

sales averaging $664 and $569/sq. ft., respectively.

Buckhead continues to provide a substantial offering of

high-end condominiums to potential purchasers, and the

market continues to reflect a buying trend.

Sales at Lenox Green, Peachtree Place, Eclipse and Ovation

have all surpassed last year’s totals through 3Q15.

Average prices also surpass their Midtown neighbors, with

Sovereign and the Ritz-Carlton leading the way at $664 and

$569/SF, respectively.

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BUILDING NAME TOTAL UNITS 2014 TOTAL CLOSINGS

2014 CLOSED $/SF AVG.

2015 TOTAL CLOSINGS


10 Terminus 500 23 330 7 347

2500 Peachtree 59 3 316 3 291

2828 Peachtree 79 5 240 6 321

3655 Peachtree 13 1 217 0 n/a

Brookside in Garden Hills 36 3 143 1 159

Buckhead Grand 286 29 227 30 243

Buckhead Village Lofts 400 7 211 11 260

Carrington Park 140 10 132 10 143

Cosmopolitan at Lindbergh 258 7 157 3 200

Eclipse 358 29 242 30 264

Gallery 203 18 319 12 333

Habersham Oaks 300 4 165 7 181

Hillside at Lenox 54 3 153 6 161

Le Chateau 66 7 134 7 148

Lenox Green 221 12 122 13 134

Mathieson Exchange 100 7 274 8 262

Meridian Buckhead 230 18 204 8 209

One Brookhaven 18 4 325 1 337

Ovation 270 17 225 22 247

Paces 325 206 21 225 16 232

Paramount 300 30 218 16 226

Park Avenue 124 10 303 7 287

Park Regency 140 9 261 6 287

Peachtree Place 330 32 148 33 183

Phoenix on Peachtree 63 6 266 7 264

Realm 406 48 271 31 299

Southern Bearings Lofts 12 1 158 0 n/a

Sovereign 82 n/a 0 5 664

The Aramore 124 16 202 14 225

The Astoria 69 5 268 3 309

The Borghese 55 6 235 6 241

The Grandview 226 23 177 6 213

The Park at East Paces 81 13 223 2 248

The Peachtree Residences 121 8 210 10 199

The Ritz-Carlton Residences 126 9 448 10 569

The View at Chastain 125 18 197 6 228

The West Paces 62 3 174 7 190

The Wiltshire 48 3 171 3 180

The Winston 37 2 302 3 297

Village Place Brookhaven 52 7 212 11 226


MIDTOWNMARKET SUMMARY

The luxury marketplace in Midtown may not have the

same availability in numbers as Buckhead, but units are

priced more affordably here. Do not be fooled, though:

sellers tend to receive near or even above their original

asking price. Availability saw a sharp increase in March

due to the completion of 1065 Midtown, an apartment

conversion new to the market. Although average listing

prices hit a yearly high in March, the highest closed sales

prices were seen in July and August, at $1.1 and $1.245

million, respectively.

Luxury condominiums continue to remain a scarcity

in Midtown, with no more than 35 residences for sale

during any one month of 2015. Sales hit their high mark

in August, with seven closing averaging $1.1 million.

Although inventory is not as plentiful in Midtown, they

tend to be more affordable than Buckhead at the

moment, due in part to the scarcity of new construction

inventory in the Midtown market. New projects coming

to market in 2016, including Seventh Midtown and One

Museum Place are expected to bring prices here more in

line with those of neighboring Buckhead.

As it has been in the luxury arena, be prepared to pay

near or perhaps more than the asking price. Closed sales

received between 97-105% of the original listing price.

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NUMBER OF RESIDENCES ON THE MARKET

For Sale

Sold

Pended

Current vs. Prev Month Current vs. 9 Months Ago

Sep. 15 Aug. 15 % Change Sep. 15 Jan. 15 % Change

For Sale 28 30 -6.7% 28 16 75%

Sold 3 2 50% 3 4 -25%

Pended 8 9 -11.1% 8 2 300%

Date 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep

For Sale 16 22 30 30 32 35 34 30 28

Sold 4 1 2 4 2 3 7 2 3

Pended 2 6 4 2 7 8 1 9 8

Months of Inventory (Closed Sales) 4 22 15 7.5 16 11.7 4.9 15 9.3

Months of Inventory (Pended Sales) 8 3.7 7.5 15 4.6 4.4 34 3.3 3.5

Absorption Rate (Closed Sales) % 25 4.5 6.7 13.3 6.3 8.6 20.6 6.7 10.7

Absorption Rate (Pended Sales) % 12.5 27.3 13.3 6.7 21.9 22.9 2.9 30 28.6

Avg. Active Price ($000’s) 1079 1178 1249 1240 1219 1153 1168 1198 1161

Avg. Sold Price ($000’s) 746 797 738 850 749 1051 1100 1245 890

Avg. Sq. Ft. Price ($) 325 304 285 296 246 255 419 460 360

Sold/List Diff. % 96 101 100 100 102 102 98 100 98

Sold/Orig LP Diff. % 97 101 100 100 105 103 98 100 97

Days on Market 188 35 14 98 156 150 151 37 93

Avg CDOM 281 35 14 140 156 150 151 37 93

Median 733 797 738 742 749 814 1315 1246 825

MIDTOWN Area 22 & 233Q 2015Built in 2007- present

Price: $700,000+Size: 2 BD+Type: Residential Attached


MONTHS OF INVENTORYClosed Sales (January 2015 - September 2015)

AVERAGE PRICE PER SQ. FT.(January 2015 - September 2015)


Ansley Green is a boutique building with only six units, all 2BD/2BA offerings ranging in size from 1,650-1,750 sq. ft. Only one residence is currently available.

UNDER CONSTRUCTION

Ansley Green


301 4/6/15 $712,397 2 2 1750 $407.08

302 4/16/15 $694,900 2 2 1750 $397.09

202 9/17/15 $674,900 2 2 1650 $409.03

201 8/31/15 $728,400 2 2 1750 $416.23

101 9/12/15 $718,600. 2 2 1750 $410.63

List Price per SF $432/SF





2015 Closed P/SF Avg under construction

2015 Total Closings under construction


Sales at 1065 Midtown began in May 2015, and an impressive nine units closed by the end of 3Q15, and an additional eight residences are under contract. Prices range from $450-$650/sq. ft.

CONVERSION

1065 Midtown


3101 6/30/15 $559,900 1 1.5 1215 $460.82

3202 7/10/15 $1,315,000 2 2.5 2288 $581.03

3205 7/17/15 $1,330,000 3 3 2289 $611.88

3602 7/17/15 $1,400,000 3 3.5 2288 $611.89

3104 8/15/15 $1,750,000 3 3.5 2819 $620.79

3301 8/31/15 $579,900 1 1.5 1215 $477.28

2701 9/15/15 $549,900 1 1.5 1215 $452.59

3001 9/15/15 $569,900 1 1.5 1215 $469.05

3103 9/15/15 $1,120,000 2 2.5 1992 $562.25

3402 11/30/15 $1,350,000 3 3 2288 $590.03

2903 12/31/15 $1,050,000 2 2.5 1992 $527.11

3302 12/31/15 $1,335,000 3 3 2289 $583.22

3604 2/28/16 $1,950,000 3 3.5 2819 $691.73

3504 2/28/16 $1,850,000 3 3.5 2819 $656.26

3603 2/28/16 $1,375,000 2 2.5 1992 $690.26

2901 4/15/16 $550,000 1 1.5 1215 $452.67

2902 1/15/16 $1,250,000 3 3 2288 $546.33

List Price per SF $508-$629/SF








MIDTOWN NEW CONDOS


Once a rental building, sales at The Atlantic resumed sales in 2014. 14 residences closed through 3Q15 and five more are slated to close by Thanksgiving.

The Atlantic


2002 1/9/15 $398,900 2 2.5 1369 $291.38

1906 1/30/15 $282,000 1 1.5 1049 $268.83

1808 2/20/15 $294,900 1 1.5 1132 $260.51

1807 3/13/15 $326,900 1 1.5 1244 $262.78

4305 3/13/15 $662,900 3 3 2027 $327.04

1902 4/9/15 $399,900 2 2.5 1369 $292.11

1702 4/24/15 $399,900 2 2.5 1369 $292.11

2007 5/4/15 $332,000 1 1.5 1049 $316.49

1910 5/15/15 $430,900 2 2.5 1721 $250.38

4306 6/11/15 $615,000 3 3 2027 $303.40

2009 6/12/15 $480,000 2 2.5 1801 $266.52

1806 6/30/15 $299,900 1 1.5 1049 $285.89

613 9/24/15 $392,000 2 2.5 1728 $226.85

813 9/25/15 $415,900 2 2.5 1536 $270.77

1802 10/9/15 $404,900 2 2.5 1369 $295.76

1503 10/16/15 $489,900 2 2.5 1728 $283.51

1804 10/30/15 $441,900 2 2.5 1744 $253.38

1213 10/30/15 $428,900 2 2.5 1728 $248.21

1010 11/20/15 $405,900 2 2.5 1728 $234.90



2013 Total Closings ZERO







One of the most sought after new boutique developments, One Museum Place is a five story building currently under construction. Sales have been very brisk with 50% of homes already under contract. The newly released Premier Collection is now selling.

One MuseumPlace

UNDER CONSTRUCTION










402 2/16/16 $959,900 3 3 2340 $410.21

503 2/16/16 $859,900 2 2.5 2092 $411.04

601 2/16/16 $1,449,900 3 3 2874 $504.49

PH 2 2/16/16 $1,589,900 3 3 2710 $586.68

502 2/16/16 $989,900 3 3 2340 $423.03

PH 1 2/16/16 $1,689,900 3 3 2710 $623.58

203 2/16/16 $799,900 2 2.5 2092 $382.36

303 2/16/16 $809,900 2 2.5 2092 $387.14

403 2/16/16 $829,900 2 2.5 2092 $396.70

501 2/16/16 $829,900 2 2.5 1805 $459.78

701 2/16/16 $1,599,900 3 3 2874 $556.68

302 2/29/16 $989,900 3 3 2340 $423.03

202 2/29/16 $979,900 3 3 2340 $418.76

Currently under construction, this boutique condominium with only 20 units is already 65% sold. Prices range from 387/SF to over 600/SF and closings will begin in January of 2016.

Seventh Midtown










UNDER CONSTRUCTION


MIDTOWN NEW CONDOS


815 1/14/15 $250,000 1 1 809 $309.02

608 6/29/15 $410,000 3 2.5 1548 $264.86

908 8/15/15 $499,900 3 2.5 1548 $322.93

708 9/8/15 $439,900 3 2.5 1548 $284.17

The final two units in the possession of the developer have sold during 3Q15, which means White Provision is now completely sold out.

White Provision









3Q15 SOLD OUT


RESALE CONDOS ANALYSIS

MIDTOWN

This section of our analysis focuses solely on resales in Midtown with an emphasis on condominiums

built and delivered since 2000. Demand is high enough through the first three quarters of 2015 to

outpace last year’s totals if current trends hold, all while prices are showing a slight uptick across the

board in average prices per square foot. 1280 West, Peachtree Walk, Art Foundry Atlantic Station,

Element Atlantic Station and Twelve Atlantic Station have already sold more through 3Q15 than

during 2014, while each building has closed for higher average prices than last year as well.

This section of our analysis focused solely on resales in Mid-

town. The third quarter saw a substantial increase in sales at

1280 West, Metropolis, and The Brookwood.

Sales at 1280 West have already eclipsed last year’s totals,

as have sales at Ansley Above the Park, Art Foundry, Twelve

Atlantic Station and more.

The number of sales to date through the first three quarters

totals 563 in the Midtown area, on pace to pass last year’s

total of 694.

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2015 TOTAL CLOSINGS


1010 Midtown 425 43 360 37 384

1023 Juniper 19 0 n/a 2 243

1280 West 434 20 171 22 189

401 West Tenth 31 2 119 1 156

805 Peachtree 118 11 196 7 214

905 Juniper 92 8 328 11 359

Above the Four Seasons 91 7 310 7 416

Ansley Above the Park 127 5 272 7 290

Aqua 83 6 245 1 291

Art Foundry Atlantic Station 347 20 151 33 163

ATLofts 53 2 143 3 87

Avista 20 1 122 2 202

Brookwood Place 137 14 147 10 179

Cornerstone Village 310 23 172 22 191

Cotting Court 60 5 263 1 251

Element Atlantic Station 322 20 174 21 187

Heritage Place 89 6 181 4 182

Lofts at the Belvedere 48 2 167 1 210

Lofts at the Park 54 6 219 6 229

Luxe 112 12 336 9 328

Manor House 94 11 188 8 204

Mayfair Renaissance 297 23 237 19 278

Mayfair Tower 323 22 237 23 242

Metropolis 498 58 248 52 290

MidCity Lofts 132 13 223 9 257

Parc Vue 136 15 208 7 250

Park Central 397 42 205 23 222

Peachtree Walk 218 9 193 12 201

Piedmont Crest 70 12 280 7 286

Piedmont Park West 28 5 182 3 219

Plaza Midtown 418 57 257 32 269

Spire 393 41 269 31 292

The Belvedere 39 5 228 2 269

The Brookwood 219 17 333 20 353

The Dakota 160 16 225 8 263

The Terraces at Peachtree 96 9 141 3 136

Tuscany 230 26 207 18 222

Twelve Atlantic Station 404 16 211 28 224

Viewpoint 378 59 285 35 323

Virginia Hill 53 5 218 3 197

White Provision 94 13 285 9 288

Wilburn House 69 7 272 4 257


DOWNTOWNMARKET SUMMARY

Sales in Downtown Atlanta continue to grow and are

set to eclipse 2014’s total of 98 closings. To date, 80

residences have sold, making 3Q15 a busy one for the

Downtown area. Twelve Centennial Park continues to

set the mark for activity, with 26 sales through 3Q15, a

substantial increase over last year’s 21 sales. The W

Residences sets the standard as the most expensive

building per square foot, with an average of $343/sq. ft.

The market appears to be one for sellers in the

Downtown area, as prices per square foot have been

increasing across the board.

There have been 80 sales through 3Q15, also putting

Downtown on pace to pass last year’s total of 98.

Twelve Centennial Park leads the way with 26 sales,

passing last year’s total of 21, with average prices per

square foot increasing by $21 year over year.

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2015 TOTAL CLOSINGS


123 Luckie 49 1 165 1 190

Castleberry Point 108 10 157 1 161

Centennial House 101 6 126 7 138

Centennial Park North 45 0 n/a 0 n/a

Centennial Park West 93 3 419 7 184

Centennial Station 58 1 116 1 98

Duo 80 3 72 2 108

Enclave at Renaissance 56 1 118 4 126

Fair and Walker Lofts 42 1 106 0 n/a

Fairside Lofts 15 1 83 0 n/a

Museum Tower 167 9 191 7 212

Renaissance Walk 20 0 n/a 0 n/a

The Metropolitan 89 10 100 7 127

The Reynolds 130 13 211 13 220

Twelve Centennial Park 517 21 215 26 237

W Residences 74 18 325 4 343

DOWNTOWN MARKET ANALYSIS



2701 4/30/15 $1,200,000 3 3.5 3443 $348.53

2704 6/1/15 $1,600,000 3 3.5 4153 $385.26

2703 9/29/15 $1,699,000 3 3.5 3888 $436.99

2706 9/30/15 $1,499,000 3 3.5 3289 $455.76

The W Residences are now completely sold out, with the closing of the two-story penthouses at the end of 3Q15, with both residences closing for $436.99 and $455.76 per square foot, respectively.

W Residences

3Q15 SOLD OUT




2014 Closed P/SF Avg 11 total





DOWNTOWN NEW CONDOS


INTOWNMARKET SUMMARY


Nine residences have become available as the developer listed the remaining units for sale after initially leasing them. Four have closed through 3Q15 and the final five units are all scheduled to close by the end of the year.

Oakland Park










407 3/27/15 $220,000 2 2 1069 $205.80

612 5/22/15 $159,900 1 1 765 $209.02

512 6/9/15 $162,000 1 1 765 $211.76

607 9/15/15 $257,400 2 2 1096 $234.85

306 10/9/15 $259,900 2 2 1424 $182.51

608 10/15/15 $164,900 1 1 765 $215.56

406 11/20/15 $259,900 2 2 1424 $182.51

506 11/20/15 $269,900 2 2 1424 $189.54

606 12/28/15 $289,900.00 2 2 1424 $203.58

INTOWN NEW CONDOS

*All data on this page courtesy of TrendGraphix, 1/1/2015 - 9/30/2015. *Not all sales data entered in FMLS



2015 TOTAL CLOSINGS


15 Waddell 15 3 167 2 188

335 West Ponce 70 1 244 2 225

870 Inman 108 10 280 8 289

Arizona Lofts 115 12 161 12 174

Axis (Phase I Condos) 24 18 149 3 157

AZ2 70 2 171 6 203

Block Lofts 69 12 181 4 203

Brickworks 52 1 247 3 243

Caroline Street Lofts 29 2 157 4 164

Central City Condominiums 88 2 156 5 143

Central Park Lofts 30 0 n/a 1 126

Cheshire Place 32 7 121 5 139

RESALE CONDO ANALYSIS

OTHER INTOWN

The outlying areas of Atlanta have seen the largest absorption of product due to an increase in

apartment offerings over the past few years, including an increased availability of affordable

condominiums listed under $200,000. To date, there have been 291 closings through 3Q15

compared with a total of only 305 sales during 2014, which makes the Intown area the most

active of any area analyzed in this report.

Sales in the other areas of Atlanta have seen the most absorption

through 3Q15. To date, there have been 291 condominiums sold,

nearly reaching last year’s total of 305.

Affordable condos are still in demand, and nowhere is this more

evident than at The Enclave at Briarcliff. There have been 26 sales

this year, compared with only three last year.

As with other areas around town, prices are showing a slight

uptick in average prices per square foot across the board.

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*All data on this page courtesy of Trendgraphix, 1/1/2015 - 9/30/2015.



2015 TOTAL CLOSINGS


City Side Lofts 100 4 51 4 55

City Space Lofts 15 1 158 1 188

City View (at Freedom Pkwy.) 56 0 n/a 0 n/a

City View Lofts (at North Ave.) 20 1 157 1 182

Copenhill Lofts 40 1 224 5 250

Decatur Renaissance 168 14 169 11 206

Dynamic Metal Lofts 39 0 n/a 1 187

Freedom Heights 185 15 159 20 193

Freedom Lofts 60 8 192 5 224

Glen Iris Lofts 110 9 208 8 254

Glenwood Park Condos 45 5 150 8 186

Greenwood Lofts 33 1 213 3 246

Grinnell Lofts 24 6 268 0 n/a

Highland Hall 68 12 142 8 184

Hill Street Lofts 146 6 55 2 99

Inman Green 12 0 n/a 2 154

Inman Hills 32 4 209 3 201

Inman Park Village Lofts 68 7 239 7 271

LaFrance Street Lofts 89 2 149 1 181

Lofts at Reynoldstown Crossing 30 0 n/a 0 n/a

Marble Lofts 17 3 191 2 239

Milltown Lofts 110 13 181 20 230

Moreland Lofts 8 6 135 1 139

One Grant Park 8 0 n/a 0 n/a

Ponce Springs Lofts 115 2 177 7 219

Providence on Ponce 22 2 194 0 n/a

Sager Lofts 24 1 159 0 n/a

Shoe Factory Lofts 41 2 168 2 210

Sky Lofts 207 20 96 11 105

South Park Lofts 46 3 140 2 171

Stratford Commons 128 7 125 4 130

Sutherland Place Lofts 32 2 185 4 210

Talley Street Lofts 90 2 89 3 138

The Artisan 127 11 239 7 287

The Carlton 69 4 216 4 223

The Clairemont 66 6 264 0 n/a

The Clifton 80 3 228 5 248

The Enclave at Briarcliff 270 3 124 26 145

The Stacks 299 39 177 33 204

The Washington 150 0 n/a 5 72

Tribute Lofts 147 10 164 10 177


NEWTOWNHOMESMARKET SUMMARY

There are two floorplans available, with the 3 bedroom option offering a terrace and small fenced green space. There have been five closings through 3Q15 and one more scheduled to close during the fourth quarter.

2108 Defoors Ferry Townhomes









UNDER CONSTRUCTION


A mix of townhomes and single-family homes, Enclave on Collier has closed six residences through 3Q15, all 3,500 sq. ft. residences averaging between $208-$233/sq. ft.

Enclave on Collier

List Price per SF $199/214/SF









1119 3/20/15 $729,834 4 4.5 3500 $208.52

1121 4/16/15 $749,900 3 4.5 3500 $214.26

1123 5/29/15 $781,230 4 4.5 3500 $223.21

1125 6/30/15 $813,938 4 4.5 3500 $232.55

1115 7/22/15 $793,640 4 4.5 3500 $226.75

1117 7/30/15 $791,107 3 4.5 3500 $226.03


101 7/17/15 $599,900 3 3.5 2530 $237.11

106 7/31/15 $579,900 3 3.5 2530 $237.11

104 8/14/15 $579,900 3 3.5 2530 $229.21

105 8/18/15 $579,900 3 3.5 2530 $229.21

107 8/24/15 $599,900 3 3.5 2530 $229.21

102 10/9/15 $579,900 3 3.5 2530 $229.21

BUCKHEAD NEW TOWNHOMES


The second phase of sales at Haven on Briarwood is currently underway, with a total of 19 townhomes being sold. Average prices per sq. ft. range between $190-$200.

Haven on Briarwood

2Q15 SOLD OUT

List Price per SF sold out









27 1/30/15 $428,000 3 3.5 2550 $167.84

2 2/17/15 $405,477 4 3.5 2550 $159.01

36 2/24/15 $374,900 3 3.5 2000 $187.45

37 2/27/15 $367,940 3 3.5 2000 $183.97

35 4/17/15 $375,000 3 3.5 2000 $187.50

39 5/17/15 $375,000 3 3.5 2000 $187.50

Lenox Walk is a boutique development of only five townhomes, which is now completely sold out. Both residences closing this year offered 4 bedrooms and 3.5 bathrooms at a price of $210-$228/SF.

Lenox Walk










200 1/9/15 $615,000 4 3.5 2686 $228.97

100 7/8/15 $500,000 4 3.5 2381 $210.00



2063 Manchester 9/30/15 $438,900 3 2.5 1624 $270.26

226 Telfair 10/30/15 $414,500 4 3 1753 $236.45

218 Telfair 10/30/15 $385,000 3 3 1701 $226.34

212 Telfair 10/30/15 $354,900 3 3 1701 $208.64

216 Telfair 10/30/15 $383,250 3 3 1701 $225.31

220 Telfair 10/30/15 $383,250 3 3 1701 $225.31

2067 Manchester 11/30/15 $418,000 3 2.5 1714 $243.87

2073 Manchester 12/1/15 $444,900 3 2.5 1714 $259.57

2071 Manchester 12/18/15 $414,900 3 2.5 1704 $243.49


4 4/6/15 $999,900 3 3.5 3500 $285.69

2 8/27/15 $999,900 3 3.5 3500 $285.69

A new development by Hedgewood Homes, Manchester began presales during 2Q15. Homes average about 1,700 sq. ft. in living space and a price range of $200-270/SF. Eight units are expected to close during 4Q15.

Manchester









With only 11 residences, Metropolitan at Phipps is centrally located in the heart of Buckhead. All residences come with 3-car garages, elevators, 3 bedrooms + den and 3.5 bathrooms.

Metropolitan at Phipps









UNDER CONSTRUCTION


St. Andrews will consist of 23 townhomes and nine single-family homes. One residence is under contract for sale, a 3BD/2.5BA home with 2,278 sq. ft. of living space and a price tag of $368/SF.

St. Andrews









UNDER CONSTRUCTION


14 11/30/15 $839,000 3 2.5 2278 $368.31


A new gated community located on N. Druid Hills Road, this new development offers a total of 65 townhomes along with a community pool and cabana. Three home are expected to close in the final quarter of 2015, all offering at least 3,000 sq. ft. of living space with a price tag in the neighborhood of $180/sq. ft.

Towns at Druid Hills









COMING SOON


35 9/21/15 $540,685 3 3.5 3053 $177.10

33 8/20/15 $569,490 4 3.5 3053 $186.53

16 8/31/15 $561,640 4 3.5 3060 $183.54

18 10/31/15 $542,860 3 3.5 3053 $177.81

14 10/31/15 $569,525 3 3.5 3060 $186.12

17 10/31/15 $583,640 4 3.5 3100 $188.27

Partially completed in 2007, the remaining 48 units are being finished by John Wieland Neighborhoods and are currently being offered for sale. Fourteen residences closed during through 3Q15, and two more are currently expected to close in November 2015.

Turnbury Gates










49 2/27/15 $535,165 3 3.5 3100 $172.63

55 3/2/15 $521,620 3 3.5 3100 $168.26

50 3/12/15 $538,770 3 3.5 3100 $173.80

54 3/20/15 $574,162 3 3.5 3100 $185.21

52 3/20/15 $564,962 3 3.5 3100 $182.25

56 4/3/15 $577,875 3 3.5 3100 $186.41

59 4/10/15 $556,962 3 3.5 3000 $185.65

58 4/15/15 $562,051 3 3.5 3100 $181.31

52 5/25/15 $564,962 3 3.5 3100 $182.25

64 5/29/15 $422,606 3 3.5 2100 $201.24

67 5/29/15 $450,559 3 3.5 2118 $212.73

68 5/29/15 $456,399 3 3.5 2118 $215.49

57 6/26/15 $563,000 3 3.5 3100 $181.61

62 7/27/15 $456,808 4 3.5 2375 $192.34

48 11/13/15 $557,650 3 3.5 2118 $263.29

78 11/30/15 $501,389 3 3.5 2118 $236.73




10 11/30/15 $953,900 4 4.5 3842 $248.28

5 11/30/15 $1,085,960 4 4.5 3825 $283.91

11 11/30/15 $1,021,400 4 4.5 3842 $265.85

12 12/31/15 $1,048,400 4 4.5 3842 $272.88

14 12/31/15 $996,400 4 4.5 3842 $259.34

16 12/31/15 $1,088,900 4 4.5 3842 $283.42

1 2/1/16 $1,042,400 4 4.5 3842 $271.32

8 5/31/16 $1,104,800 4 4.5 3825 $288.84

4 6/30/16 $1,084,000 4 4.5 3825 $283.40

Presales began in December 2014 at Aldredge. During the first three quarters of 2015, nine units are under contract to close; all 4 bedroom, 4.5 bathroom offerings between 3,825 and 3,842 sq. ft. of living space.

Aldredge at Brookhaven

COMING SOON

List Price per SF N/A









3583 Adelaide 10/30/15 $435,390 4 3.5 2234 $194.89

3600 Donaldson 12/23/15 $503,490 3 3.5 2510 $200.59

3589 Adelaide 12/31/15 $427,740 4 3.5 2234 $191.47

3584 Adelaide 1/29/16 $477,915 3 3.5 2510 $190.40

1561 Brooksbank 5/31/16 $495,265 3 3.5 2510 $197.32

Presales began this year, and five townhomes are under contract to sell. All residences offer 3- or 4 bedrooms and 3.5 bathrooms in the neighborhood of $190-$200/sq. ft.

Brookhaven Crossing

PRE-SELLING BEGINS 3Q15










BROOKHAVEN NEW TOWNHOMES

Four homes have sold through 3Q15, but all took place in the first quarter of this year. Sales prices for these 3 bedroom, 3.5 bathroom residences ranged from $179-$211/sq. ft.

Reserve at Brookleigh


2013 Closed P/SF Avg 3








1592 Durden RD 1/9/15 $432,658 3 3.5 2250 $192.29

1594 Durden DR NE 1/30/15 $476,947 3 3.5 2250 $211.98

1600 Durden 2/25/15 $409,900 3 3.5 2249 $182.26

1632 Canopy Chase 3/6/15 $527,132 3 3.5 2934 $179.66

BROOKHAVEN NEW TOWNHOMES

Lenox Overlook 1Q15 SOLD OUT








Pending Price per SF sold out

Located near Peachtree Road in Brookhaven, the Savoy is made up of 55 townhomes generally ranging in size from 2,100-3,100 sq.ft. 14 townhomes have closed or are under contract so far in 2015.

Savoy at Town Brookhaven








Pending Price per SF N/A


0 1/30/15 $655,000 3 3.5 2938 $222.94

9 2/27/15 $511,063 3 3.5 2148 $237.93

7 3/31/15 $522,821 2 3.5 2108 $248.02

2936 4/15/15 $550,000 2 3.5 2108 $260.91

6 4/16/15 $547,811 3 3.5 2108 $259.87

5 4/22/15 $527,350 2 3.5 2148 $245.51

2 4/28/15 $515,503 2 3.5 2108 $244.55

40 5/5/15 $725,343 4 4.5 2988 $242.75

40 5/5/15 $725,373 4 4.5 2988 $242.76

45 5/29/15 $707,700 4 4.5 2998 $236.06

45 5/27/15 $682,578 4 4.5 2998 $227.68

4 5/27/15 $532,250 3 3.5 2108 $252.49

19 5/28/15 $775,000 3 3.5 3053 $253.85

41 5/28/15 $672,168 4 4.5 3577 $187.91

Residences at Vinings Parc East offer 3 bedrooms with a bonus room or 2-story townhomes with a basement. Seven residences are expected to close as of the end of 3Q15, with the smallest residence offering 2,355 sq. ft. of living space and the largest at 3,553 sq. ft.

Vinings Parc East









UNDER CONSTRUCTIONUNIT # CLOSED &

PENDING DATES SALES PRICE BEDS BATHS UNIT SF $/SF

3234 Nobilty Way 11/10/15 $428,300 3 3.5 2839 $150.86

3226 Nobilty Way 11/11/15 $408,400 3 3.5 2839 $143.85

3222 Nobilty Way 11/11/15 $408,300 3 3.5 2839 $143.82

3218 Nobility Way 11/13/15 $406,200 3 3.5 2839 $143.08

3233 Nobility Way 12/15/15 $414,300 3 2.5 2355 $175.92

3279 Matthewson 12/23/15 $424,895 4 4.5 3553 $119.59

3275 Matthewson 3/24/16 $396,900 3 3.5 2839 $139.80


VININGS NEW TOWNHOMES

Units 43 through 46 are currently being offered, with units 94-112 to be offered after. Estimated sizes for the new townhomes are expected to be at least 4,000 sq. ft.

Paces View

List Price per SF TBD









1 3/27/15 $875,879 3 4.5 3800 $230.49

3 4/21/15 $922,000 3 4.5 3800 $242.63

2 5/27/15 $846,384 3 4.5 3800 $222.73

4 6/17/15 $835,122 3 4.5 3800 $219.77

2798 Paces 8/31/15 $899,900 3 4.5 3995 $225.26

2714 Paces 12/31/15 $939,900 4 4.5 4000 $234.98


3234 Nobilty Way 11/10/15 $428,300 3 3.5 2839 $150.86

3226 Nobilty Way 11/11/15 $408,400 3 3.5 2839 $143.85

3222 Nobilty Way 11/11/15 $408,300 3 3.5 2839 $143.82

3218 Nobility Way 11/13/15 $406,200 3 3.5 2839 $143.08

3233 Nobility Way 12/15/15 $414,300 3 2.5 2355 $175.92

3279 Matthewson 12/23/15 $424,895 4 4.5 3553 $119.59

3275 Matthewson 3/24/16 $396,900 3 3.5 2839 $139.80

Sales at Vinings on the Chattahoochee have been consistent throughout 2015, with 21 units closing through 3Q15. All residences offer 3 bedrooms and 3.5 bathrooms and approximately 2,444 sq. ft. of living space. Prices remain around $120/sq. ft. for units here.

Vinings on the Chattahoochee










272 2/27/15 $290,000 3 3.5 2444 $118.66

273 2/27/15 $279,900 3 3.5 2444 $114.53

267 2/27/15 $279,900 3 3.5 2444 $114.53

274 2/27/15 $301,900 3 3.5 2444 $123.53

266 3/31/15 $298,900 3 3.5 2444 $122.30

245 4/17/15 $288,900 3 3.5 2444 $118.21

247 4/17/15 $307,900 3 3.5 2444 $125.98

278 5/6/15 $307,479 3 3.5 2444 $125.81

242 5/8/15 $309,900 3 3.5 2444 $126.80

279 5/18/15 $299,900 3 3.5 2444 $122.71

271 5/21/15 $295,900 3 3.5 2444 $121.07

275 5/28/15 $319,900 3 3.5 2444 $130.89

270 5/29/15 $295,900 3 3.5 2444 $121.07

276 6/19/15 $319,862 3 3.5 2444 $130.88

277 6/4/15 $314,500 3 3.5 2444 $128.68

280 6/5/15 $311,900 3 3.5 2444 $127.62

269 6/26/15 $291,900 3 3.5 2444 $119.44

243 6/30/15 $297,900 3 3.5 2444 $121.89

244 7/20/15 $298,200 3 3.5 2444 $122.01

246 8/27/15 $299,100 3 3.5 2444 $122.38

257 9/30/15 $319,900 3 3.5 2444 $130.89

262 9/30/15 $305,900 3 3.5 2444 $125.16

156 12/29/15 $324,900 3 3.5 2450 $132.61

265 10/30/15 $319,900 3 3.5 2450 $130.57

259 10/20/15 $305,900 3 3.5 2450 $124.86

260 9/30/15 $306,900 3 3.5 2450 $125.27


MIDTOWN NEW TOWNHOMES


C 10/27/15 $845,000 3 3.5 2288 $369.31

F 10/30/15 $864,000 3 3.5 2425 $356.28

This boutique project is a conversion of an older home into six townhomes. Two of these are scheduled to close in October, both 3 bedroom, 3.5 bathroom offerings averaging around $360/sq. ft.

5th & Piedmont

List Price per SF $343-362/sf









975 @ the Park 1Q15 SOLD OUT








Pending Price per SF N/A

Presales are underway at Ansley at Piedmont. To date, two units are under contract, both quite spacious at 4,134 sq. ft. of living space. Average prices to date are $356/sq. ft.

Ansley at Piedmont










7 9/30/15 $1,468,930 4 4.5 4134 $355.33

1 9/30/15 $1,473,550 4 4.5 4134 $356.45


Commons at Historic Westside TH 2Q15 SOLD OUT









DOWNTOWN NEW TOWNHOMES

Moda is comprised of 57 townhomes and four single-family homes. Seven townhomes have sold or are currently under contract, all 2- or 3-bedroom offerings. 2 bedroom units have 1,400 sq. ft. of living space while 3 bedroom residences have 1,900 sq. ft. Prices range from $168-$212/SF.

Moda Reynoldstown










60 7/31/15 $259,900 2 2.5 1400 $185.64

986 8/31/15 $319,900 3 3.3 1900 $168.37

957 8/31/15 $264,900 2 2.5 1400 $189.21

995 10/30/15 $327,900 3 3.5 1900 $172.58

979 10/31/15 $349,900 3 3.5 1900 $184.16

56 12/27/15 $296,900 2 2.5 1400 $212.07

975 12/31/15 $357,900 3 3.5 1900 $188.37

UNDER CONSTRUCTION


Construction at Sky Hill is expected to finish in 2015, and the entire 12 townhome project has sold out. The final 2 homes closed in July 2015.

Sky Hill Townhomes








Pending Price per SF 0

2Q15 SOLD OUTUNIT # CLOSED &PENDING DATES SALES PRICE BEDS BATHS UNIT SF $/SF

1 2/11/15 $599,123 3 3.5 2600 $230.43

3 2/13/15 $651,153 3 3.5 2600 $250.44

2 2/16/15 $459,900 3 3.5 1769 $259.98

7 3/6/15 $550,000 3 3.5 1886 $291.62

9 3/24/15 $519,000 3 3.5 1769 $293.39

8 3/31/15 $615,672 3 3.5 1886 $326.44

12 5/18/15 $549,900 3 3.5 1886 $291.57

10 5/22/15 $579,900 3 3.5 1886 $307.48

11 5/29/15 $439,900 3 3.5 1769 $248.67

4 6/30/15 $525,000 3 3.5 1769 $296.78

5 7/6/15 $439,900 3 3.5 1769 $248.67

6 7/17/15 $530,000 3 3.5 1769 $299.60


INTOWN NEW TOWNHOMES



3221 1/9/15 $253,900 3 3.5 2045 $124.16

3215 2/28/15 $246,900 3 3.5 1772 $139.33

3211 3/17/15 $256,900 4 3.5 2045 $125.62

3213 3/24/15 $246,900 4 3.5 2045 $120.73

3217 4/27/15 $246,900 4 3.5 2045 $120.73

3214 10/31/15 $249,900 4 3.5 2045 $122.20

3222 10/31/15 $259,900 3 3.5 2045 $127.09

3216 10/31/15 $246,900 4 3.5 2045 $120.73

3212 10/31/15 $249,000 3 3.5 2004 $124.25

3218 10/31/15 $249,900 3 3.5 2004 $124.70

3219 10/31/15 $273,900 3 3.5 2004 $136.68

3220 10/31/15 $249,900 4 3.5 2004 $124.70

3225 10/31/15 $279,900 3 3.5 2004 $139.67

3226 10/31/15 $279,900 3 3.5 2004 $139.67

3227 10/31/15 $259,900 4 3.5 2004 $129.69

3228 11/30/15 $269,900 3 3.5 2004 $134.68

3229 11/30/15 $259,900 3 3.5 2004 $129.69

3231 11/30/15 $259,900 3 3.5 2004 $129.69

3232 11/30/15 $269,900 3 3.5 2004 $134.68

3233 11/30/15 $259,900 4 3.5 2004 $129.69

3235 11/30/15 $279,900 3 3.5 2004 $139.67

3236 11/30/15 $269,900 4 3.5 2004 $134.68

Although the initial phase was completed in 2009, Berkeley Village began selling again and sales have been quite active during 3Q15. Seventeen residences are scheduled to close during November 2015.

Berkeley Village









Four residences have closed during the first two quarters of 2015, thanks in part to a reduction in prices at Axis bringing the average price per square foot to around $200.

AxisTownhomes










1305 3/20/15 $464,900 3 3.5 2310 $201.26

1313 4/24/15 $454,900 3 3.5 2310 $196.93

1311 4/24/15 $454,900 3 3.5 2310 $196.93

1315 5/27/15 $464,900 3 3.5 2310 $201.26



32A 3/16/15 $562,337 4 3.5 2430 $231.41

34 3/19/15 $553,459 4 3.5 2441 $226.73

32 3/25/15 $578,377 4 3.5 2435 $237.53

36 3/31/15 $558,686 4 3.5 2445 $228.50

41 4/16/15 $577,542 4 3.5 2442 $236.50

37 5/20/15 $585,248 4 3.5 2427 $241.14

39 5/15/15 $578,198 4 3.5 2439 $237.06

38 5/26/15 $609,589 4 3.5 2427 $251.17

819 East Ave 1/29/16 $729,900 4 4.5 3071 $237.68

823 East Ave 2/19/16 $699,90 4 4.5 3083 $227.02

825 East Ave 2/26/16 $829,900 4 4.5 3847 $215.73

821 East Ave 2/26/16 $699,900 4 4.5 3035 $230.61

The final 27 townhomes are currently being pre-sold from a reservation list, with four currently under contract - all 4 bedroom, 4.5 bathroom residences with over 3,000 sq. ft. of living space.

Highland Park












974 1/12/15 $397,524 4 3.5 2568 $154.80

968 2/26/15 $358,691 3 3.5 2568 $139.68

971 2/27/15 $360,988 3 3.5 2568 $140.57

963 2/27/15 $366,845 3 3.5 2568 $142.85

961 3/3/15 $424,563 2 3.5 2568 $165.33

975 3/16/15 $381,024 4 3.5 2568 $148.37

965 3/27/15 $366,800 2 3.5 2568 $142.83

969 3/27/15 $375,067 2 3.5 2568 $146.05

967 3/30/15 $356,500 3 3.5 2568 $138.82

973 5/15/15 $378,854 2 3.5 2568 $147.53

1013 7/16/15 $380,700 2 3.5 2568 $148.25

1005 7/28/15 $424,358 2 3.5 2568 $165.25

1011 8/17/15 $372,897 3 3.5 2568 $145.21

1007 8/28/15 $385,350 3 3.5 2568 $150.06

1002 9/9/15 $424,871 3 3.5 3004 $141.44

1012 9/2/15 $424,292 3 2.5 2123 $199.85

992 10/12/15 $433,200 3 3.5 3004 $144.21

983 10/26/15 $370,900 3 3.5 2568 $144.43

979 10/29/15 $372,900 3 3.5 2568 $145.21

1015 10/29/15 $383,900 4 3.5 2568 $149.49

977 10/19/15 $389,200 3 3.5 2568 $151.56

985 11/2/15 $381,100 2 3.5 2568 $148.40

989 11/17/15 $380,900 2 3.5 2568 $148.33

981 11/18/15 $380,900 2 3.5 2568 $148.33

986 11/18/15 $409,500 4 3.5 3004 $136.32

996 12/15/15 $434,500 3 3.5 3004 $144.64

Sales have been brisk at Lafayette Square, and Buildings 6, 7, 8, 9 and 11 have completely sold out. To date, 16 residences have closed and an additional 10 residences are scheduled to close by year’s end.

Lafayette Square











6 2/24/15 $389,900 3 3.5 2006 $194.37

5 2/27/15 $396,492 3 3.5 2006 $197.65

8 5/15/15 $459,900 3 3.5 2366 $194.38

2 5/19/15 $401,750 3 3.5 2006 $200.27

9 5/22/15 $455,400 4 3.5 2366 $192.48

10 6/12/15 $449,900 4 3.5 2366 $190.15

1 6/15/15 $401,750 3 3.5 2006 $200.27

4 7/5/15 $399,900 3 3.5 2006 $199.35

11 8/31/15 $459,900 4 3.5 2366 $194.38

7 12/31/15 $437,000 3 3.5 2006 $217.85

12 12/31/15 $469,900 3 3.5 2366 $198.61

14 12/31/15 $454,900 3 3.5 2366 $192.27

15 12/31/15 $464,900 3 3.5 2366 $196.49

19 12/31/15 $454,900 3 3.5 2366 $192.27

20 12/31/15 $459,900 3 3.5 2366 $194.38

As of the end of 3Q15, six residences are under contract to sell at Linden Place - all 3-bedroom, 3.5-bathroom units with a current asking price ranging from $192-217/sq. ft.

Linden Place









Located in Oakhurst Village, Seven Twelve Oakview contains 15 townhomes with four floor plans ranging from 3/3.5 to 5/4.5 residences with 2-car garage, rooftop decks and European interior finishes.

Seven Twelve Oakview










714 Oakview RD 4/8/15 $590,000 5 4.5 2800 $210.71

716 Oakview RD 4/8/15 $599,000 5 4.5 2800 $213.93

710 Oakview RD 4/8/15 $540,000 3 3.5 2400 $225.00

700 Oakview RD 4/22/15 $480,000 3 3.5 2084 $230.33

704 Oakview RD 4/21/15 $448,000 3 3.5 1900 $235.79

706 Oakview RD 4/22/15 $440,000 3 3.5 1900 $231.58

702 Oakview RD 5/1/15 $470,000 3 3.5 2084 $225.53

720 Oakview RD 5/19/15 $515,000 4 3.5 2141 $240.54

718 Oakview RD 5/27/15 $530,000 4 3.5 2400 $220.83

724 Oakview RD 5/28/15 $525,000 4 3.5 2141 $245.21

726 Oakview RD 6/22/15 $520,000 4 3.5 2128 $244.36



Virginia Park remains one of the more active townhome communities in Atlanta, with 20 residences sold through 3Q15 and six more slated to close during 4Q15. Prices for these 3BD/3.5BA homes range from $212-225/sq. ft.

Virginia Park










608 12/18/14 $529,900 3 3.5 2400 $220.79

605 1/12/15 $509,900 3 3.5 2400 $212.46

603 1/23/15 $512,900 3 3.5 2400 $213.71

601 1/30/15 $524,900 3 3.5 2400 $218.71

606 2/27/15 $518,900 3 3.5 2400 $216.21

602 3/13/15 $519,900 3 3.5 2400 $216.63

604 3/27/15 $509,900 3 3.5 2400 $212.46

505 4/30/15 $539,900 3 3.5 2400 $224.96

502 5/15/15 $512,900 3 3.5 2400 $213.71

501 5/29/15 $524,900 3 3.5 2400 $218.71

503 5/29/15 $509,900 3 3.5 2400 $212.46

401 6/26/15 $539,900 3 3.5 2400 $224.96

404 6/30/15 $519,900 3 3.5 2400 $216.63

403 6/30/15 $524,900 3 3.5 2400 $218.71

406 7/10/15 $539,900 3 3.5 2400 $224.96

402 7/24/15 $524,900 3 3.5 2400 $218.71

405 7/28/15 $524,900 3 3.5 2400 $218.71

102 8/27/15 $524,900 3 3.5 2400 $218.71

101 8/31/15 $539,900 3 3.5 2400 $224.96

103 8/31/15 $530,900 3 3.5 2400 $221.21

301 10/23/15 $539,900 3 3.5 2400 $224.96

302 10/29/15 $515,900 3 3.5 2400 $214.96

303 10/29/15 $519,900 3 3.5 2400 $216.63

304 10/30/15 $519,900 3 3.5 2400 $216.63

110 12/18/15 $549,900 3 3.5 2400 $229.13

107 12/18/15 $529,900 3 3.5 2400 $220.79


Presales began in July at Virginia Place. To date, only one residence is scheduled to close during 4Q15, a 3BD/3.5 BA townhome with 2,376 sq. ft. of living space.

Virginia Place









PRE-SELLING BEGAN 3Q15


103 10/29/15 $539,900 3 3.5 2376 $227.23

Located on Memorial Drive, Walker Park is a boutique townhome development with each residence offering 1,229 sq. ft. of living space. Ten residences closed through 3Q15 and seven more are currently under contract.

Walker Park










21 2/17/15 $180,000 2 2.5 1229 $146.46

20 2/26/15 $183,300 2 2.5 1229 $149.15

15 4/23/15 $184,900 2 2.5 1229 $150.45

16 4/15/15 $179,900 2 2.5 1229 $146.38

18 5/14/15 $196,200 3 3.5 1229 $159.64

17 5/29/15 $189,900 3 3.5 1229 $154.52

1 9/18/15 $192,075 2 2.5 1229 $156.29

3 9/24/15 $195,000 2 2.5 1229 $158.67

19 9/10/15 $209,900 2 2.5 1229 $170.79

2 9/30/15 $184,900 2 2.5 1229 $150.45

14 10/29/15 $204,900 3 3.5 1229 $166.72

11 11/5/15 $194,900 2 2.5 1229 $158.58

6 12/10/15 $200,000 2 2.5 1229 $162.73

13 12/10/15 $199,900 3 3.5 1229 $162.65

5 1/14/16 $194,900 2 2.5 1229 $158.58

10 2/25/16 $204,900 2 2.5 1229 $166.72

7 3/4/16 $204,900 2 2.5 1229 $166.72

Gramercy 1Q15 SOLD OUT









East Howard Place UNDER CONSTRUCTION









Hardee Station 2Q15 SOLD OUT









Highlands of Sandy Springs 2Q15 SOLD OUT









Oakview Townhomes 1Q15 SOLD OUT









Terraces at Glenridge 1Q15 SOLD OUT









Water Tower Stacks COMING SOON









The Oaks at Powers Ferry consists of 158 townhomes offering at least 2,500 sq. ft. of living space. Four residences have sold through 3Q15 and four more are currently under contract.

The Oaks at Powers Ferry




2014 Closed P/SF Avg no info






139 2/20/15 $276,900 3 2.5 2532 $109.36

135 3/20/15 $269,000 4 3.5 2532 $106.24

137 4/21/15 $277,000 3 2.5 2586 $107.12

40 7/14/15 $304,086 3 3.5 2500 $121.63

54 10/30/15 $291,900 4 3.5 2500 $116.76

62 10/30/15 $309,900 4 3.5 2500 $123.96

60 11/20/15 $292,000 4 3.5 2500 $116.80

50 2/19/16 $296,900 4 3.5 2500 $118.76

MARIETTA NEW TOWNHOMES

DECATUR NEW TOWNHOMES


9 10/1/15 $607,900 4 3.5 3100 $196.10

5 10/15/15 $609,900 4 4.5 3225 $189.12

1 11/30/15 $640,000 4 4.5 3225 $198.45

11 1/1/16 $678,601 4 4.5 2800 $242.36

There are 11 units at Decatur Walk, a new development in Downtown Decatur. Four of these are currently under contract, and all residences offer 4 bedrooms and 4.5 bathrooms with at least 2,800 sq. ft. of living space.

Decatur Walk

UNDER CONSTRUCTION









Experience

Exposure

Results

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All data contained herein provided courtesy of TrendGraphix and FMLS, 01/01/2015 - 09/30/2015.

© 2015 Atlanta Fine Homes Sotheby’s International Realty, LLC

3q15 developer services market report

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