A Significant Shift in Sandy Springs Home Sales Brings Great News for Buyers and Sellers!

For the first time in over five years, the 3^rd quarter of 2024 has brought a significant shift in the local housing market. After years of steady declines, the number of single-family homes sold has seen a slight increase compared to the same period last year. According to the market data, six more single-family homes were sold in Q3 2024 than in Q3 2023, breaking the trend of decreasing sales numbers that had persisted since 2020.

Single-family home prices continue to climb year-over-year, which is also great news for sellers. The townhome and condominium market, on the other hand, tells a slightly different story, and brings welcome news for buyers in Sandy Springs.

Single-Family Homes Sales for 3^rd Quarter 2020 – Present

Year	Number of Homes Sold	Average Sales Price
Q3 2020	271	$920,158
Q3 2021	261	$973,635
Q3 2022	172	$1,076,946
Q3 2023	132	$1,169,824
Q3 2024	138	$1,232,728

After years of steady price increases in multi-family homes since 2020, Q3 2024 saw a marginal decline in prices for the first time in recent memory. Buyers, who have been patiently waiting, may find opportunities in the more affordable market.

We are cautious but optimistic when looking at the factors that may be playing a role in the price dip. If you’ve been waiting for the right time to purchase, now may be your chance to act before prices potentially climb again.

Multi-Family Homes Sales for 3^rd Quarter 2020 – Present

Year	Number of Homes Sold	Average Sales Price
Q3 2020	265	$280,839
Q3 2021	303	$307,918
Q3 2022	210	$343,218
Q3 2023	171	$384,649
Q3 2024	153	$357,580

Featured Properties

1

4645 Lake Forrest Drive

4645 Lake Forrest Drive, Atlanta, Georgia 30342

Sold 09/04/2024

7Bedroom(s)

9Bathroom(s)

73Picture(s)

11,925Sqft

Immerse yourself in the unparalleled luxury of this newly constructed masterpiece by Cohan Custom Homes, a beacon of West Coast organic modern architecture fused with the highest standards of sustainable living. The estate, perched on a serene hilltop one-acre lot and enclosed within an automatic gate, offers the epitome of seclusion and privacy.

$5,900,000

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2

216 Mount Paran Road

216 Mount Paran Road, Atlanta, Georgia 30327

Sold 09/04/2024

8Bedroom(s)

6Bathroom(s)

40Picture(s)

7,080Sqft

Million dollar price reduction. 2024’s MOST ANTICIPATED LISTING! The Hamptons meets Atlanta. Tucked away on 5.7+ acres with meticulously landscaped grounds. We have all driven by this one and admired the white board fencing and lawns surrounding the home. The main house consists of 6 bedrooms, 4 full baths and 2 half baths.

$5,309,900

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3

1111 Crest Valley Drive

1111 Crest Valley Drive, Atlanta, Georgia 30327

Sold 08/29/2024

6Bedroom(s)

7Bathroom(s)

90Picture(s)

12,000Sqft

Welcome to this enchanting gated villa- a timeless masterpiece nestled on 2.1 acres with serene landscape, design by architect Bill Harrison and built by Beacham.

$4,592,500

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4

876 Crest Valley Drive

876 Crest Valley Drive, Sandy Springs, Georgia 30327

Sold 09/03/2024

6Bedroom(s)

6Bathroom(s)

9Parking(s)

70Picture(s)

10,444Sqft

Indulge & Live your Best Life in this Serence & Secluded Entertainer's Paradise, just minutes to Chastain Park, great restaurants, fitness centers, shopping, medical & professional offices. This Turn-Key, European Riviera-Style Estate on 2 Lush & Level Private Acres in fabulous Sandy Springs/North Buckhead is ready for it's New Owner.

$4,300,000

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5

4914 Powers Ferry Road

4914 Powers Ferry Road, Atlanta, Georgia 30327

Sold 07/01/2024

5Bedroom(s)

5Bathroom(s)

44Picture(s)

7,400Sqft

This stately French Provincial home in Sandy Springs (30327) is centrally located near Chastain Park, Mt Paran/ Northside, and the best Buckhead and Sandy Springs ITP have to offer! The resort-like backyard includes a stone terrace with a beautiful pool and spa.

$3,200,000

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6

5600 Long Island Drive Nw

5600 Long Island Drive Nw, Sandy Springs, Georgia 30327

Sold 09/10/2024

6Bedroom(s)

6Bathroom(s)

66Picture(s)

9,000Sqft

Impressive gated estate home with pool ideally situated on private 2 acres in the heart of Sandy Springs! Custom built in 2016, this home effortlessly combines luxury finishes and large gracious rooms. Exquisitely manicured level front yard with beautiful landscaping welcomes you to this stunning property.

$3,195,000

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7

4530 Peachtree Dunwoody Road Ne

4530 Peachtree Dunwoody Road Ne, Atlanta, Georgia 30342

Sold 08/20/2024

4Bedroom(s)

4Bathroom(s)

95Picture(s)

4,649Sqft

Nestled on a 1-acre pristine lot, discover this stunning residence located on one of Atlanta's most prestigious tree-lined avenues. A private road leads to the main entrance where motorized iron gates part ways to reveal a home of unparalleled craftsmanship and sophistication.

$2,815,000

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8

155 Pine Lake Drive

155 Pine Lake Drive, Atlanta, Georgia 30327

Sold 09/23/2024

6Bedroom(s)

6Bathroom(s)

67Picture(s)

7,400Sqft

This CHASTAIN PARK turn-key new construction is a dream-come-true. The Harrison Design team has thought of everything.

$2,800,000

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9

98 Johnson Ferry Road Nw

98 Johnson Ferry Road Nw, Sandy Springs, Georgia 30328

Sold 08/15/2024

8Bedroom(s)

6Bathroom(s)

87Picture(s)

8,000Sqft

Discover unparalleled sophistication and comfort at this exquisite newly built property located at 98 Johnson Ferry Road, Sandy Springs, Georgia. This impressive estate is perfectly situated on a .84-acre lot, featuring a luxurious 6,000+/- sq ft main house with five bedrooms, alongside a charming 2,000+/- sq ft carriage house offering three additional bedrooms.

$2,800,000

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10

6098 River Chase Circle

6098 River Chase Circle, Atlanta, Georgia 30328

Sold 09/09/2024

4Bedroom(s)

4Bathroom(s)

79Picture(s)

8,197Sqft

Nestled in the highly sought-after River Chase neighborhood of Atlanta, Cliffwood Estate is a stunning Tudor-style home that offers the ultimate in luxury living. This magnificent 5-bedroom, 5.2-bathroom house is perched on a sprawling 1.35-acre lot, surrounded by lush greenery that provides the perfect amount of privacy and seclusion.

$2,435,000