Once again, our own Ben Hirsh sold the most expensive home in Sandy Springs for the 1st quarter of 2023! Before we get to our list of the top 10 sales in Sandy Springs, Q1, we have all the stats for the state of the real estate market year-to-date in our community…
The number of homes sold for both single-family and multi-family units continues the substantial downward trend we saw building in 2022. In terms of sales price, Q1 was a roller coaster, therefore it is nearly impossible to predict how the remainder of 2023 will go in terms of the long seller’s market we have been experiencing. The market saw a slight rise in prices in January, a very sharp increase in February, and then a decrease in average sales price year-over-year in March. The jump in February was largely due to two $8 Million+ sales, a $6 Million sale and a $4 Million sale in the same month.
Here are the number of sales and average close price for single family homes in Sandy Springs 1st quarter 2023 and 2022:
| Month | Total Sales | Average Close Price |
|---|---|---|
| January | 26 | $1,050,981 |
| February | 35 | $1,723,733 |
| March | 48 | $1,040,382 |
| Month | Total Sales | Average Close Price |
|---|---|---|
| January | 52 | $953,008 |
| February | 55 | $1,064,302 |
| March | 66 | $1,197,725 |
No surprise, attached housing thus far in 2023 also showed a dramatic slowdown in the number of units sold year-to-date. However, the average sales price decreased a bit in January, then rose in February and March year over year.
Number of sales and average close price for attached housing 1st quarter 2023 and 2022 in Sandy Springs:
| Month | Total Sales | Average Close Price |
|---|---|---|
| January | 33 | $309,633 |
| February | 51 | $369,509 |
| March | 58 | $374,939 |
| Month | Total Sales | Average Close Price |
|---|---|---|
| January | 69 | $315,544 |
| February | 69 | $292,659 |
| March | 78 | $341,959 |
After years of steady increases in housing prices in Sandy Springs, will the slowdown in the number of sales finally begin to impact rising prices? So far, this does not appear to be the trend. The future remains to be seen, but Sandy Springs continues to be a powerful draw due to great schools, thriving restaurants, retail, entertainment, strong community interaction and so much more!
In the heart of Sandy Springs, where the Chattahoochee River winds its way north of… Read More
In its 10th year, Orbit Arts Academy is one of several live performance theater troupes… Read More
Some people complain about traffic congestion. Others do something about it. The City of Sandy Springs… Read More
In the wake of the deeply unsettling events that unfolded in Israel on October 7th,… Read More
2023 saw the largest drop in the number of both single family homes and condos… Read More
For the younger generation, “lamb chop” may be an item on a restaurant menu. But… Read More