We are used to hearing about bidding wars in California, but post-Covid tight inventory and rising building costs are two main factors contributing to historic numbers of bidding wars right here in Sandy Springs. Close to half of the homes sold in Sandy Springs during the first 4 months of 2022 have sold for over list price. We were curious to pin down some of these numbers and also see if we could spot any patterns for property sold at or over 100% of asking.
Here is a look at Close Price to List Price ratios over the last 4 months:
Close Price to List Price Ratio
| January | February | March | April | |
| Single Family Homes | 98.3% | 100.1% | 101.3% | 103.3 % |
| Condos/Townhomes | 100.0% | 100.3% | 102.5% | 103.2% |
221 single family homes sold in Sandy Springs during the first 4 months of 2022. Of those, 35 sold at list price. 102 homes, close to half, sold over list price. Only one home listed for over $2.5 Million sold at 100% of asking price. All of the remaining homes sold at, or over, list were under $2.5 Million. We found an overwhelming majority of the homes that sold at, or over, list price in the $1 Million+ category were renovated or updated to current design trends. We zeroed in on this price range to take a closer look at the similarities of the homes that inspired bidding wars. When viewing the photos of all of these homes, we saw a great deal of crisp, white walls and kitchens. Exterior spaces with pools and outdoor kitchens, as well as lushly landscaped, or otherwise beautiful and relaxing yards were another common theme. Trendy staging was a third. Which were the most expensive to sell for over list? Which had the highest percentage over list? Show us the patterns, you say…
Ten of the Most Interesting Sandy Springs Homes to sell at or above list price YTD
|
|
Address |
Sale Price |
List Price |
|
#1 |
4736 Lake Forrest Dr |
$3,500,000 |
$3,500,000 |
|
#2 |
6280 Aberdeen Dr |
$2,500,000 |
$2,400,000 |
|
#3 |
5915 Errol Pl |
$1,960,000 |
$1,799,000 |
|
#4 |
65 Barbara Ln |
$1,758,221 |
$1,675,000 |
|
#5 |
5628 Sherrell Dr |
$1,555,000 |
$1,395,000 |
|
#6 |
33 Spring Oaks Ct |
$1,500,000 |
$1,190,000 |
|
#7 |
8265 Hewlett Rd |
$1,450,000 |
$1,300,000 |
|
#8 |
6278 Mountain Brook Way |
$1,400,000 |
$1,350,000 |
|
#9 |
6105 Heards Creek Dr |
$1,250,000 |
$1,095,000 |
|
#10 |
29 Wing Mill Rd |
$1,176,000 |
$849,000 |
#1
The most expensive to sell at list price in Sandy Springs was built in 2018 and is located on ¾ acre about a block from Chastain Park. The finishes are gorgeous throughout, and outside space includes a walk-out bluestone covered patio with fireplace overlooking a stunning pool and backyard.
Featured Properties
4736 Lake Forrest Drive
#2
The most expensive to sell for over list price, this home photographs beautifully! Built in 2016 and over 9,000 sq ft, the house is perfectly staged. Both the finishes and the furniture are airy, neutral and current.
Featured Properties
6280 Aberdeen Drive
#3
This home is one of THREE that sold in Glen Errol subdivision year-to-date for over list price! At 109% of asking, this house has been painted white inside and out. While some of the finishes inside the house are more current than others, the crisp, bright paint job is the most efficient and economical way to dramatically update the home.
Featured Properties
5515 Errol Place
#4
Steps from Chastain Park, this ranch home has 2,900 sq ft of finished space, sits on just over ½ acre, and was totally renovated in 2020. The backyard features a gorgeous saltwater Pebble Tec pool that is heated and walk-out from the main level. All the winning buyer needed to do was furnish and move in!
Featured Properties
65 Barbara Lane
#5
This 3,000 sq ft 50s ranch home underwent a sleek and sophisticated total renovation in 2017. Sitting on ½ acre, the amazing outdoor space features a beautiful stone deck with fireplace overlooking the stunning saltwater pool and spa which abuts an awesome covered outdoor kitchen complete with grill, fridge, dishwasher, kegerator, and pizza oven!
Featured Properties
5628 Sherrell Drive
#6
You read those numbers right! At 126% over asking, this home sold for the 2nd highest percentage of asking price year-to-date. Built in 1982, this cool contemporary has been renovated almost exclusively in black and white. Walk right out of the main level to the heated Pebble Tec pool and spa complete with outdoor kitchen overlooking the beautiful, green backyard with fire pit.
Featured Properties
33 Spring Oaks Court
#7
Sitting on 2.5 acres, this home underwent complete renovation in 2020. The renovation was exquisitely executed to showcase the traditional style of the home.
Featured Properties
8265 Hewlett Road
#8
Built in 1967, this 4300 sq ft home in Riverside subdivision has undergone a very trendy renovation. No surprise that this house sits on over ½ acre, and the backyard includes a large pool, spa, grilling area and fire pit.
Featured Properties
6278 Mountain Brook Way
#9
1970s chic with a complete transitional renovation! Sitting on a beautiful lot that is close to ¾ acre, the exterior is super cool and unique to the 70s, while the total interior renovation features the trendiest design styles.
Featured Properties
6105 Heards Creek Drive
#10
At 139% of asking price, this home has likely sold for the highest percentage over list than any other in quite some time! This contemporary home, built in 1992, sits in the Bentwater section of Grogan’s Bluff and rests at a high point of the close to 1.5 acre property with gorgeous Chattahoochee views. The interior features clean white walls and warm wood tones throughout, and it should be no surprise that the pool and grilling deck are overlooking the Chattahoochee!
Featured Properties
