Chastain Park Breaks Record for Home Sales in 2015

Chastain Park Breaks All-Time Record for Home Sales in 2015Chastain Park breaks record for home sales in 2015 by eclipsing 2005’s record of 98.

Chastain Park sellers achieved an Average Sale Price of $1,239,399 based on the sales from 2015 that have closed thus far. Sometimes a few huge sales can skew the average sale price but that was not really the case here. The median home sold at $1,193,500 so the middle of the pack was around $1.2M.  Days on Market, however, was a different story. The average Days on Market was 91 days which was skewed by several sales that took over a year. The median Days on Market was 47 days which is a much better indication of the true market.

Chastain Park Breaks Record for Home Sales in 2015

The Highs and Lows on Price

The highest sale posted in Chastain Park was $3,600,000 for a king-sized flip project on King Road (pardon the pun).  The lowest sale was for an older, partially complete contemporary house on Dykes Drive at $420,000.  The days of buying a property in Chastain Park under $500k are getting fewer and farther between! There were only three in 2015 out of 104 total sales.

The tables below show the four market slices we track and how they fared each month. First for supply and then for sales.

Chastain Park Breaks Record for Home Sales in 2015

The Highs and Lows by Month

January really set the pace in 2015 with four times as many homes sold as in 2014! April, June and July also more than doubled their 2014 counterparts.

Chastain Park Breaks Record for Home Sales in 2015

The Highs and Lows of Supply

Sellers did their part! They managed to put more homes on the market without flooding it. As the green bars below show, the overall supply of homes ranged between 50 and 60 throughout 2015 which exceeded the numbers from the previous three years.

Chastain Park Breaks Record for Home Sales in 2015

Summary

As a resident and local expert, we study and preview the homes for sale in Chastain Park every day. You can feel even the slightest change in momentum when you watch anything that closely. We have a custom search running constantly that alerts us to any listings or sales in Chastain Park.  That information can be crucial for both selecting the most strategic List Price OR the best starting Offer Price – depending on which side you are on. If you are considering a move in Chastain Park, you owe it to yourself to meet with us first. 

Call or email Michael Bunch directly on his cell at 404-307-4915 or at michael@BunchRealEstateGroup.com

Keller Williams Realty expands into Luxury Real Estate in Atlanta

Charter KW Luxury Homes  Atlanta small

As one of the Charter Members in Atlanta , we are thrilled!

KW LUXURY HOMES INTERNATIONAL LAUNCHES IN ATLANTA, GA

Atlanta Luxury Sign

Atlanta, GA December 7, 2012 — Keller Williams Realty announced today that one of the largest luxury divisions join the ranks of KW Luxury Homes International. With close to 60 current members the metro Atlanta division will formally launch on January 7, 2013 with a new look, image and benefits to both clients and agent members. The division focuses on listing and selling homes in the $750,000 and above price range.

With more than 1,200 members, KW Luxury Homes International is the elite, luxury properties arm of Keller Williams Realty, currently the largest real estate franchise in the United States. The organization offers eligible associates extensive training, marketing and technology resources as well as elite designation as a Luxury Homes Specialist via The Institute for Luxury Homes Marketing and benefits with the Wall Street Journal online.

Shaun Rawls, Operating Partner, The Rawls Group, Atlanta noted: “Launching this division is reminiscent of launching Keller Williams in the basement of my home thirteen years ago. Only this time, we launched at the St. Regis, Buckhead. I am thrilled to be a part of one of the most successful luxury homes divisions in Atlanta and look forward to the growth and great success in the Atlanta market. This area is an obvious place for this brand and we are excited to be leading one of the most powerful groups in the area.

Dee Shultz, the founder and chairman of KW Luxury Homes International said: “We know that the vast majority of luxury property transactions – on both the buying and selling side – are driven through agent connections, and our agents are among the most well-connected in North America! With Keller Williams Realty’s network of 75,000 associates and our luxury-specific referral network, we serve our buyers and sellers at a higher-level.”

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About Keller Williams Realty, Inc. and KW Luxury Homes International:

Keller Williams Realty Inc. is the second-largest real estate franchise operation in the United States, with almost 700 offices and more than 75,000 associates in the United States and Canada. The company has grown exponentially since the opening of the first Keller Williams Realty office in 1983, and continues to cultivate its agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders. In 2007, the company founded a member-organization for its luxury homes specialists, KW Luxury Homes International, providing training, marketing, and technology resources for associates serving high-end clientele. For more information, or to search for luxury homes for sale, visit (www.kwluxuryhomes.com).