Sandy Springs Real Estate Market

The Sandy Springs real estate market is best broken down into 3 categories: inside I - 285, Outside I - 285 and new construction. Here is a look at the current real estate market conditions for all three areas for the month of May, 2007. First, let's look at the inside I-285 market:

 The real estate market for Sandy Springs inside I-285 shows:

• 245 active listings
• 46 pending sales
• 18 closed transactions in May
• Absorption rate of 13.6 months

 Outside of I-285 in Sandy Springs:

• 305 homes for sale
• 76 pending sales
• 27 homes sold in May
• Absorption rate is 11.3 months

Sandy Springs new construction:

• 126 available homes
• 14 pending sales
• 6 sold homes
• Absorption rate is 21 months

The market statistics for inside and outside of I-285 includes the abundance of new construction outlined in the third graph and illustrates the underlying problem that does exist in the Atlanta real estate market:

Atlanta luxury real estate is a buyers market.

There are simply too many luxury homes available for the market to absorb in a balanced manner. In fact, the absorption rate is skewed high because there are so many new construction homes available in the luxury real estate market.

We provide you information about real estate markets in and around Atlanta to help make informed real estate decisions, However, these guidelines are often too general for purposes of an individual home. If you are in the market to buy or sell real estate in Sandy Springs, contact us so that we can provide you with the comprehensive and detailed information necessary to make educated decisions about your real estate investment.

Visit our Sandy Springs real estate webpage for more information.

The Ryan Ward Group - 404.630.3187

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