Brookhaven Real Estate Market Report :: 2Q 2015
If you ask anyone, we think they will agree that Brookhaven is the hottest real estate market in the North Atlanta / Perimeter area. Since it was incorporated a few years ago, more and more businesses are setting up shop in Brookhaven, dozens of annual events now call Brookhaven home and new home and townhomes are popping up all around the community. Thanks to the new developments, prime location for commuters (and shoppers!) and excellent schools, it is no surprise that we have some impressive news to share in our 2Q 2015 Brookhaven Real Estate Market & Home Sales Report.
Median Home Sales Price in Brookhaven
The median sales price has almost doubled from the bottom of the market. Brookhaven homes sold on average at $280,000 at the bottom of the market and in 2Q 2015, they averaged almost $500,000.
How Long Does it Take to SELL a Home in Brookhaven?
Days on Market (or DOM) is a common industry term, and you will see below that Brookhaven real estate is selling more quickly than it has in YEARS! The median DOM is only 18 days — compared to 84 days in early 2012.
Listing Price vs Final Sales Price (%)
In other words, how much are buyers negotiating off the asking price? The answer is definitely in the seller’s favor, with homes selling about 2.5% less than the price. Please note that this doesn’t include seller paid closing costs. If you are thinking of selling your Brookhaven home, know that at least 55% of home buyers will ask for a portion or all of their closing costs to be covered by the seller.
Number of Homes Sold in Brookhaven
A total of 169 Brookhaven (30319 zip code) homes sold in 2Q2015, ranging in price from $235K to 2.57M. Just in May, 77 Brookhaven homes sold… that’s a 30.5% increase from May 2014! It is also important to note that there has been a severe shortage of inventory over the last 2+ years, so it is likely that many more homes would have sold, because there is definitely the demand for Brookhaven housing.
Have questions about the Brookhaven real estate market?
Our Brookhaven real estate agents are always here to help! If you would like a more detailed report or are curious about your home’s current value, please call Kerry Lucasse and the Metro Atlanta Suburbs team Atlanta Real Estate Group at 404-205-8800 or 404-432-1844.
You can also search ALL the homes for sale in Brookhaven, direct from the MLS.