Sandy Springs New Construction Luxury Homes

Posted Apr 28, 2007 @ 8:36 am, Viewed by 739 Visitors, Read 748 Times.

Sandy Springs is one of the most popular areas for buyers and builders for new construction luxury real estate in the Metro Atlanta area. Here are some market statistics to see how the Sandy Springs real estate market is fairing compared with some surrounding areas in the luxury homes market.

Luxury Homes Between 1 and 2 Million Dollars

  • 35 active listings
  • 6 pending
  • Sold in the last 30 days - 1
  • Sold in the last 60 days - 2
  • Sold in the last 90 days - 5
  • Sold homes per month - 1.667
  • Absorption rate - 21 months
  • Days on market - 134 for the sold homes.
  • List price to sales price - 98%

New Construction Luxury Homes Between 2 and 3 Million

  • 18 active listings
  • 1 pending sale
  • Sold in last 30 days - 0
  • Sold in last 60 days - 1
  • Sold in last 90 days - 1
  • Sold homes last 6 months - 3
  • Sold homes per month - .5
  • Absorption rate - 36 months
  • Days on market - 176
  • List price to sales price - 96%

Sandy Springs New Homes Between 3 and 4 Million

  • 4 active listings
  • 1 contingent
  • No sales in the last 6 months

Luxury Real Estate in Sandy Springs above 4 Million Dollars

  • 3 active listings
  • 0 pending sale
  • 1 sold in the last 6 months
  • Days on market - 342
  • List price to sale price - 91%

All Sandy Springs New Construction above 1 Million Dollars - Six Months Back

  • 59 active listings
  • 8 pending
  • Sold in last 30 days - 2
  • Sold in last 60 days - 4
  • Sold in last 90 days - 7
  • Sold in last 6 months - 17
  • Sold per month - 2.833
  • Absorption rate - 21 months
  • List price to sold price - 98%

Let's take a look at the Buckhead real estate market for new construction homes over 1 million dollars for a comparison of the two luxury real estate markets:

  • Active - 171
  • Pending - 13
  • Sold in last 30 days - 5
  • Sold in last 60 days - 8
  • Sold in last 90 days - 15
  • Sold in last 6 months - 23
  • Homes sold per month - 3.83
  • Absorption rate - 44.64 months
  • List price to sales price - 99%

The upside that can be seen from these statistics is the actual number of available choices a buyer has in the Atlanta luxury real estate market makes it an excellent time to purchase a home. As a buyer, you have considerable leverage because of the number of available homes is so high. As a seller, pricing and marketing become critical factors in whether or not your new home will sell or sit on the market tying up precious capital. The best method of marketing these properties is with a strong, targeted, high ranking website that will allow buyers from around the world who might be moving to Atlanta to find your home in this sea of new construction.

If you would like more information about how the Ryan Ward Real Estate Team can position your home in front of an international real estate buying audience contact us.

Contact Us By Email or

Phone at 404.630.3187

 

Please visit our top rated Atlanta Luxury Real Estate to find out more about luxury Atlanta homes

Ryan is a REALTOR® serving the Atlanta Real Estate Market including Alpharetta, Buckhead, Chastain Park, Dunwoody, East Cobb, Roswell, Sandy Springs, Milton and John's Creek.

Phone: (404) 630-3187
Atlanta Real Estate
ryan (@) ryanwardrealestate.com

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Ryan Ward

Ryan Ward Welcome to my real estate blog! I will try to provide you with relevant and timely information about the Atlanta real estate market as well as information that you can use if you are in the market to buy or sell real estate. Read More

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