Cleve Gaddis Gaddis Partners, RE/MAX Center & USA Management (a boutique residential property management company) 10475 Medlock Bridge Road, Suite 119 Johns Creek, GA 30097 www. 770-497-0000 All information contained in this report is believed accurate, but is not warranted.
FMLS Market Charts
80,000 70,000 Single Family Detached - Closings Metro Atlanta 2013 vs. 2012.39% 60,000 65,803 68,256 50,000 40,000 47,826 51,743 57,726 57,218 45,992 44,752 41,740 49,092 54,174 53,965 30,000 20,000 10,000 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: First Multiple Listing Service
Single Family Detached - Average Sale Price Metro Atlanta $300,000 2013 vs. 2012 $250,000 $200,000 $225,022 $231,846 $240,312 $255,168 $260,723 $265,723 $230,617 25.53% $230,762 $197,562 $200,252 $176,326 $183,829 $150,000 $100,000 $50,000 $0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: First Multiple Listing Service
14,000 12,000 Single Family Attached Closings Metro Atlanta 12,052 2013 vs. 2012 6.29% 10,000 10,562 10,771 9,843 10,462 8,000 6,000 4,000 5,514 6,185 8,181 7,794 7,722 7,648 8,758 2,000 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: First Multiple Listing Service
$250,000 Single Family Attached - Average Sales Price Metro Atlanta 2013 vs. 2012 25.72% $200,000 $150,000 $180,365 $187,073 $186,042 $192,495 $195,446 $186,324 $177,318 $175,157 $100,000 $150,811 $143,386 $139,328 $125,126 $50,000 $0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: First Multiple Listing Service
90,000 80,000 82,314 2006 to 2013 Total SFD and SFA Closings Metro Atlanta 2013 vs. 2012.65% 70,000 69,936 64,008 64,427 60,000 50,000 55,794 54,483 51,128 57,850 Total Single Family 40,000 30,000 20,000 68,256 57,218 45,992 44,752 41,470 49,092 54,174 53,965 Single Family Detached Single Family Attached 10,000 12,052 10,711 7,794 7,722 7,648 8,758 9,834 10,462 0 2006 2007 2008 2009 2010 2011 2012 2013 Source: First Multiple Listing Service
140 Single Family Detached Total Days on Market Metro Atlanta 120 100 80 98 131 104 102 100 116 93 125 115 129 109 60 75 40 20 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: First Multiple Listing Service
80,000 70,000 60,000 Single Family Detached - Total Expired Listings Metro Atlanta 63,922 71,676 2013 vs. 2012 26.23% 50,000 51,695 40,000 30,000 34,829 40,845 42,939 39,050 45,847 43,966 35,169 20,000 10,000 20,529 15,114 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: First Multiple Listing Service
35,000 30,000 Single Family Detached - Total Withdrawn Listings Metro Atlanta 2013 vs. 2012 6.83% 25,000 29,186 27,713 20,000 15,000 10,000 10,643 13,022 14,377 15,192 18,959 19,094 16,254 14,420 10,223 9,525 5,000 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: First Multiple Listing Service
80,000 70,000 Total Listing Inventory as of 12/31 Metro Atlanta 75,622 2013 vs. 2012 14.76% 60,000 68,431 50,000 59,425 54,121 54,070 40,000 30,000 34,190 39,326 41,311 44,544 36,659 20,000 23,564 27,043 10,000 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: First Multiple Listing Service
Months of Supply 25 20 15 10 5 0 Months of Supply Metro Atlanta Seller s Market Less than 4 months inventory Balanced Market 4 to 5 months inventory Buyer s Market More than 5 months inventory 2005 2006 2007 2008 2009 2010 2011 2012 2013 New - Residential Detached New - Residential Attached Resale - Residential Detached Resale - Residential Attached Balanced Market Source: First Multiple Listing Service
100.0% 98.0% 96.0% 94.0% 92.0% 90.0% 88.0% 86.0% 84.0% 82.0% 80.0% List-Price to Sales-Price Ratios Single Family Detached in Metro 97.6% 96.7% 94.7% 97.0% 95.6% 88.4% Atlanta 93.6% 93.9% 94.0% 95.1% 86.6% 86.8% 88.5% 90.2% 96.8% 94.9% 2006 2007 2008 2009 2010 2011 2012 2013 OLP/LP LP/SP Source: First Multiple Listing Service
New Construction and Re-Sale Closings in Atlanta 100% 90% 1886 1732 1687 2078 2638 3025 80% 70% 60% 50% 40% 30% 36899 36954 35963 43637 47707 46404 ReSale 60+ ReSale New 20% 10% 0% 20.9% 7.08% 8097 6414 4197 3430 3840 4536 2008 2009 2010 2011 2012 2013 9.19% Source: First Multiple Listing Service
$400,000 $350,000 $300,000 $250,000 $200,000 Average Sales Prices of New and Re-Sale Homes Metro Atlanta $340,782 $244,744 $330,504 $207,495 $298,396 $297,603 $179,866 $187,610 $275,583 $166,367 $283,724 $176,206 $319,590 $222,626 43% higher Avg. Sls. Price New $150,000 $100,000 Avg. Sls. Price Resale $50,000 $0 2007 2008 2009 2010 2011 2012 2013 Source: First Multiple Listing Service
Price Ranges of Single Family Detached Closings in Metro Atlanta 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 878 635 450 467 451 517 599 1023 787 570 560 540 582 776 3526 2352 1800 1838 1792 1970 2769 16388 31569 4684 11165 22185 9745 8886 8573 18452 17547 13437 13064 8267 9952 17798 19940 20284 21251 13013 24015 12824 2007 2008 2009 2010 2011 2012 2013 $1,000,000+ $750,000-$999,999 $500,000-$749,999 $250,000-$499,999 $100,000-$249,999 <$99,999 Source: First Multiple Listing Service
50.00% 45.00% 40.00% Cash Purchases as Percentage of Total Closings Single Family Detached - Priced Under $200,000 - Metro Atlanta 39.91% 45.09% 44.21% 35.00% 30.00% 31.24% 25.00% 20.00% 19.15% 26.41% Cash % 15.00% 10.00% 5.00% In 2013: 13,711 cash closings $1.54 billion 0.00% 2008 2009 2010 2011 2012 2013 Source: First Multiple Listing Service
300.00 S&P/Case-Shiller Home Price Index August of Each Year 250.00 AZ-Phoenix CA-Los Angeles DC-Washington 200.00 FL-Miami GA-Atlanta 150.00 IL-Chicago NC-Charlotte 100.00 129.03 134.90 136.47 110.24 114.31 117.79 122.23 124.73 110.06 110.02 104.81 88.93 95.68 113.37 NV-Las Vegas NY-New York TX-Dallas 50.00 0.00 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: S&P/Case-Shiller
Metro Atlanta County Charts
12,000 10,000 8,000 6,000 4,000 2,000 0 Gwinnett County 10,337 10,516 9,537 8,974 7,681 7,914 7,353 3,464 4,002 2,697 2,272 1,961 1,898 1,074 2007 2008 2009 2010 2011 2012 2013-14.7% $300,000 Total SFD Closings Total SFD Distressed Closings 21.1% of total Gwinnett County Source: First Multiple Listing Service $250,000 $200,000 $150,000 $100,000 $50,000 $241,070 $222,523 $181,828 $176,037 $167,827 $157,777 $162,363 $157,421 $142,737 $150,101 $108,892 $112,857 $192,319 $137,288 +28.1% Avg. Total SP Avg. Distressed SP $0 2007 2008 2009 2010 2011 2012 2013
North Fulton County Source: First Multiple Listing Service 4,500 4,000 3,500 3,000 2,500 3730 2770 2633 2747 3028 3279 4131 +25.9% Total SFD Closings 2,000 1,500 Total SFD Distressed Closings 1,000 500 0 155 270 356 440 383 480 235 2007 2008 2009 2010 2011 2012 2013 5.7 % of total North Fulton County $500,000 $450,000 $400,000 $456,617 $455,497 $410,796 $405,817 $427,108 $392,881 $361,230 +18.2% $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 $375,059 $383,409 $370,524 $350,100 $289,795 $284,992 $308,232 2007 2008 2009 2010 2011 2012 2013 Avg. Total SP Avg. Distressed SP
South Fulton County Source: First Multiple Listing Service 1,800 1,600 1,400 1,200 1,000 800 600 400 200 1,287 234 1,487 1,500 655 531 1,291 545 1,372 499 1,560 761 1,190 404-23.7% Total SFD Closings Total SFD Distressed Closings 33.9 % of total 0 2007 2008 2009 2010 2011 2012 2013 $250,000 South Fulton County $200,000 $192,586 +29.02% $150,000 $100,000 $50,000 $151,830 $131,591 $125,197 $118,565 $142,273 $101,955 $102,410 $117,374 $104,823 $107,919 $104,759 $83,622 $85,813 Avg. Total SP Avg. Distressed SP $0 2007 2008 2009 2010 2011 2012 2013
6,000 5,213 City of Atlanta Source: First Multiple Listing Service 5,000 4,000 3,000 2,000 1,000 4,215 1,128 2,079 4,459 1,744 3,827 3,411 1,083 1,108 3,680 833 4,158 552 +12.9% Total SFD Closings Total SFD Distressed Closings 13.2 % of total 0 2007 2008 2009 2010 2011 2012 2013 City of Atlanta $400,000 $350,000 $353,280 $297,869 $354,938 +19.2% $300,000 $250,000 $200,000 $217,427 $197,349 $284,181 $260,717 Avg. Total SP $150,000 $100,000 $101,593 $59,615 $129,508 $95,147 $64,789 $91,976 $132,346 Avg. Distressed SP $50,000 $0 2007 2008 2009 2010 2011 2012 2013
9,000 8,000 7,000 8,243 Cobb County 8,041 7,051 6,219 6,032 5,992 8,551 +12.9% Source: First Multiple Listing Service 6,000 5,000 Total SFD Closings 4,000 3,000 2,000 1,000 702 1167 1461 1643 1908 2063 1189 Total SFD Distressed Closings 13.2 % of total 0 2007 2008 2009 2010 2011 2012 2013 $300,000 $250,000 $200,000 $150,000 $100,000 $279,727 $255,472 $245,411 $225,781 $221,356 $202,083 $192,121 $163,622 $161,340 $158,088 Cobb County $155,923 $126,026 $113,041 $131,561 +21.4% Avg. Total SP Avg. Distressed SP $50,000 $0 2007 2008 2009 2010 2011 2012 2013
7,000 6,000 6,539 6,031 5,726 Dekalb County 5,118 5,073 6,509 6,385-1.9% Source: First Multiple Listing Service 5,000 4,000 Total SFD Closings 3,000 2,000 1,000 1,193 1,742 1,768 1,429 1,582 1,754 981 Total SFD Distressed Closings 15.4 % of total 0 2007 2008 2009 2010 2011 2012 2013 $300,000 $250,000 $200,000 Dekalb County $265,330 $248,769 $223,661 $184,816 $178,402 $179,446 $167,863 +39.45 % $150,000 Avg. Total SP $100,000 $50,000 $131,504 $105,998 $88,224 $95,987 $104,047 $80,362 $83,339 Avg. Distressed SP $0 2007 2008 2009 2010 2011 2012 2013
Forsyth County 3,500 3,000 2,500 3,283 2,386 2,098 2,199 2,609 2,939 +12.6% Source: First Multiple Listing Service 2,000 Total SFD Closings 1,500 1,000 500 0 642 651 439 529 259 121 2007 2008 2009 2010 2011 2012 Total SFD Distressed Closings 22.1 % of total $400,000 $355,547 Forsyth County $350,000 $300,000 $324,648 $291,159 $293,263 $277,071 $256,347 $263,620 +11.24% $250,000 $279,964 $264,959 $200,000 $150,000 $232,633 $231,184 $190,018 $185,018 $211,885 Avg. Total SP Avg. Distressed SP $100,000 $50,000 $0 2007 2008 2009 2010 2011 2012 2013 Source: First Multiple Listing Service
Cherokee County 4,000 3,500 3,489 3,186 3,609 +13.3% Source: First Multiple Listing Service 3,000 2,813 2,500 2,000 2,344 2,410 2,342 Total SFD Closings 1,500 1,000 500 185 403 665 739 891 977 649 Total SFD Distressed Closings 17.9 % of total 0 2007 2008 2009 2010 2011 2012 2013 $300,000 Cherokee County $253,392 $250,000 $200,000 $232,402 $212,785 $203,348 $180,993 $211,014 $184,276 +14.5% $150,000 $100,000 $198,066 $182,532 $178,867 $182,441 $150,575 $136,053 $139,641 Avg. Total SP Avg. Distressed SP $50,000 $0 2007 2008 2009 2010 2011 2012 2013
Hall County 2,000 1,800 1,779 1,635 1,789 1,834 +2.5% Source: First Multiple Listing Service 1,600 1,400 1,216 1,216 1,351 1,200 1,000 800 600 400 200 131 289 450 511 595 769 397 Total SFD Closings Total SFD Distressed Closings 21.6 % of total 0 2007 2008 2009 2010 2011 2012 2013 300,000 $254,922 Hall County 250,000 200,000 $226,327 $202,984 $193,258 $181,721 $158,667 $158,475 +21.9% 150,000 100,000 50,000 $174,053 $156,681 $149,894 $138,768 $109,630 $106,598 $106,296 Avg. Total SP Avg. Distressed SP 0 2007 2008 2009 2010 2011 2012 2013
Clayton County 1,600 1,400 1,200 1,035 1,225 1,432 1,143 1,289 1,115-22.4% Source: First Multiple Listing Service 1,000 800 600 400 200 221 465 567 486 514 536 865 368 Total SFD Closings Total SFD Distressed Closings 42.5 % of total 0 2007 2008 2009 2010 2011 2012 2013 Clayton County 140,000 120,000 $119,715 100,000 80,000 60,000 40,000 20,000 $83,003 $92,228 $59,822 $62,940 $55,958 $48,588 $66,275 $47,117 $55,952 $57,113 $50,699 $44,046 $39,455 +29.5% Avg. Total SP Avg. Distressed SP 0 2007 2008 2009 2010 2011 2012 2013
Fayette County 300 250 200 280 239 234 186 192 216 244 +13.0% Source: First Multiple Listing Service 150 Total SFD Closings 100 50 24 38 60 38 45 52 34 Total SFD Distressed Closings 13.9 % of total 0 2007 2008 2009 2010 2011 2012 2013 Fayette County $350,000 $300,000 $250,000 $308,204 $294,653 $277,205 $267,005 $227,401 $255,956 $239,630 +6.8% $200,000 $150,000 $100,000 $230,856 $204,486 $194,453 $171,285 $171,005 $162,982 $166,851 Avg. Total SP Avg. Distressed SP $50,000 $0 2007 2008 2009 2010 2011 2012 2013
Rockdale County Source: First Multiple Listing Service 400 350 300 364 329 367 330 295 322 284-11.8% 250 Total SFD Closings 200 150 100 71 105 147 122 89 139 94 Total SFD Distressed Closings 33.0% of total 50 0 2007 2008 2009 2010 2011 2012 2013 $250,000 $210,530 Rockdale County $200,000 $150,000 $100,000 $50,000 $172,777 $152,726 $149,421 $139,831 $169,542 $121,904 $113,566 $143,675 $141,007 $136,289 $115,355 $103,225 $94,918 +18.9% Avg. Total SP Avg. Distressed SP $0 2007 2008 2009 2010 2011 2012 2013
The Effect of Distressed Property Sales on Single Family Sales Prices in 2012 in Metro Atlanta Average Sales Price (Non-Distressed) $220,930 Single Family Detached Average Sales Price (Distressed Closings) $110,676 Single Family Detached -16.7% Average Sales Price (All Closings) $183,827 Single Family Detached Average Sales Price (Non-Distressed) $166,180 Single Family Attached Average Sales Price (Distressed Closings) $82,250 Single Family Attached -15.9% Average Sales Price (All Closings) $139,729 Single Family Attached Source: First Multiple Listing Service
The Effect of Distressed Property Sales on Single Family Sales Prices in 2013 in Metro Atlanta Average Sales Price (Non-Distressed) $258,683 Single Family Detached Average Sales Price (Distressed Closings) $120,509 Single Family Detached -10.81% Average Sales Price (All Closings) $230,731 Single Family Detached Average Sales Price (Non-Distressed) $194,596 Single Family Attached Average Sales Price (Distressed Closings) $92,310 Single Family Attached -9.99% Average Sales Price (All Closings) $175,189 Single Family Attached Source: First Multiple Listing Service
Savings on Short Sales and Foreclosures vs. Market Sales Metro Atlanta 2013 Single Family Detached Non Distressed Avg. Sales Price $258,683 Short Sales Avg. Sales Price $142,731 (44% less) Foreclosures Avg. Sales Price $107,386 (58% less) Single Family Attached Non Distressed Avg. Sales Price $194,596 Short Sales Avg. Sales Price $92,157 (52% less) Foreclosures Avg. Sales Price $92,518 (52% less) Source: First Multiple Listing Service
Mortgage Delinquencies
Source: Mortgage Bankers Association
Source: Mortgage Bankers Association
Price-to-Rent Ratios
Ratio of Annual Rents to Home Prices
Looking Ahead
*1978-2000 *
88,800 New households forming in Metro Atlanta in the next 3 years* *Based on the Urban Land Institute s 2014 Emerging Trends in Real Estate Numbers
250,000 2008-2012 Population and Housing Growth Metro Atlanta 200,000 150,000 54,300 shortage 100,000 191,000 50,000 0 28,700 83,000 Population Growth Housing Permits Actual Housing Permits Required Source: Atlanta Regional Commission
Visit SchoolChimp.com and obtain Metro Atlanta high school ratings as well as other valuable real estate information and demographics for each high school district.
Gaddis Partners Mission: To help those we serve BE SURE about decisions they make because MAKE SURE they are the best educated party in a real estate transaction. Atlanta s Exclusive Provider of the: SURE Home Selling System & SURE Home Buying System
Tune In All Things Real Estate with Cleve Gaddis Fridays at 1 PM
Atlanta Will Continue to Grow By 2040 Year Population Employment 2010 5,473,846 2,699,950 2040 8,256,323 4,472,563 Source: Atlanta Regional Commission
Where Will Growth Take Place in Metro Atlanta? For 20 Counties NNW NNE ENE WNW The Core is not depicted by a growth bar, but increases by 77,024 persons and 65,562 jobs between 2000 and 2030 ESE WSW SSW SSE Source: Atlanta Regional Commission
Metro Atlanta Employment Density - 2030 50 percent of 20-county jobs is inside the blue outline 1.32 = median jobs per acre for census tracts Source: Atlanta Regional Commission
Feel free to contact me with any questions. Cleve Gaddis Gaddis Partners, RE/MAX Center & USA Management (a boutique residential property management company) 10475 Medlock Bridge Road, Suite 119 Johns Creek, GA 30097 www. Office: 770-497-0000