About Sandy Springs reporter. (Sandy Springs, GA) 2007-current | View Entire Issue (Jan. 2, 2022)
Ashley Battleson, Bayne Battleson Group, Atlanta Fine Homes Sotheby’s All current signs point to 2022 being another very strong year in the Atlanta real estate market The Res idential Detached Average Sales Price increased 20% YTD 2021 vs YTD 2020. Inven tory continues to be at historically low lev els, buyer demand remains extremely high and interest rates remain low. All of these things make for a hot market but as a real estate agent, it also makes it very challeng ing. The continued inventory shortage will have an impact on home prices increasing. Patti Junger, Dorsey Alston Realtors A lack of inven tory will contin ue to be a problem. New listings are down 5.2% year- to-date in Metro Atlanta, while the number of sales are up nearly 20%. This is an indicator of strong demand. This trend holds across every submarket, including Buckhead, Intown and Sandy Springs. We currently have less than two months of inventory in almost every sub- market in metro Atlanta, where six months of inventory is considered a balanced mar ket. Therefore, all indications are we will continue to see a seller’s market in 2022. The lack of inventory will continue to push prices upward in the coming year. Bill Murray, Berkshire Hathaway HomeServices I think there will be leveling off. We can’t stay at 18- 20% growth every year. We should be around 10-13% since inflation is at about 5%. It’s a big market. It’s just gotten convoluted because there’s no inventory to meet the demand. Angie Ponsell and Shannon Parkerson, Ponsell Luxury Group, Keller Williams Realty All indicators show that 2022 should re main a seller’s market. There will contin ue to be a large shortage of home sales and competitive interest rates. This allows in dividuals to “cash out” on the accumulat ed equity and appreciation value of their homes and make a move for their current lifestyle. Jason Cook, Ansley Real Estate I think the out look is very opti mistic for Atlanta for the foreseeable future. People are moving here from other places in the country. Atlanta is still a good deal, as far as the hous ing market. Our city is drawing a lot of people and compa nies from around the country. People from New York or California don’t blink at a $1M price tag for a home, which is great for us. Valerie Levin, Berkshire Hathaway HomeServices New construc tion continues to be challenging due to the supply chain disruptions hitting industries around the world. Of course, this crisis is a result of Cov- id-19 paired with a boom in demand. The new home buyer must be very patient and expect the price of the property to in crease from time of purchase. Top Home Sales in 2021 Here are some of 2021 ’s highest-priced home sales in the Buckhead, Brookhav- en, Dunwoody and Sandy Springs communities. (Source: Staff research, Realtor.com) 4295 Lalcehaven Dr. NE Buckhead 251 Valley Road NW, Atlanta, 30305 $18,100,000 Sold 9/30/21 Seller's Agent: N/A Buyer's Agent: N/A 165 Valley Road NW, Atlanta, 30305 $8,375,000 Sold 9/15/21 Seller's Agent: Studie Young, HOME Real Es tate Buyer's Agent: Glennis Beacham, Beacham and Company Realtors Brookhaven 4295 Lakehaven Dr. NE, Atlanta, 30319 $7,107,531 Sold 2/25/21 Seller’s Agents: Kim Boyd, Betsy Akers, Atlan ta Fine Homes Sotheby's International Buyer's Agent: Giuliano Tornusciolo, Keller Williams Realty, First Atlanta Dunwoody 1539 Summerford Court, Atlanta, 30338 $1,520 million Sold 7/28/21 Seller’s Agent: Karen Cannon, Karen Cannon Realtors Inc. Buyer's Agent: Dashondra Mashia, Palmer- House Properties Sandy Springs 4544 Peachtree Dunwoody Road NE, Sandy Springs 30342 $6,950,000 Sold 11/08/21 Seller’s Agent: Gwendolyn McKinley, Corey Warren, GG Sells Atlanta Inc. Buyer's Agent: Veronica Smith, Solid Source Realty GA 165 Valley Road NW scenthound. ROUTINE DOG CARE & GROOMING Beach goer? Pool lover? Dirt digger? Grass roller? Try us for just TWO LOCATIONS DUNWOODY VILLAGE 678-990-1900 NOW OPEN! CHASTAIN SQUARE 470-607-5100 FIND MORE LOCATIONS AT scenthound.com @reporter_newspapers JANUARY 2022| 17
