One year ago when I published the top Buckhead home sales of 2017, I noted that much of the stale listing inventory above $5 million had been sold and cleared from the market. As predicted, sales momentum in this exclusive market continued throughout 2018.
While segments of the market remain somewhat uncertain, we have sustained strong demand for either new or extensively renovated homes at $4 million and above. I am expecting 2019 to be another strong year for the Buckhead real estate market with 12-18 sales above $4 million.
The top five home sales of 2018 in Buckhead represent some truly spectacular properties. Some interesting trends to note:
- 3 of the 5 homes are located in Buckhead’s Paces Neighborhood where buyers are attracted to the convenient location and large acreage lots that offer natural beauty and privacy.
- 2 of the homes never hit the open market, but instead were “quietly” marketed among Buckhead’s top brokers without being listed in the MLS.
|Address||Sale Price||Closing Date||Acres||Square Feet – Approx||Days On Market||Asking Price|
|2000 Garraux Rd Nw||$8,925,000||03/26/2018||4.2||9,955||236||$9,500,000|
|1690 W Paces Ferry Rd||$7,500,000||11/13/2018||4.7||14,204||1123||$12,900,000|
|3576 Tuxedo Park Nw||$6,000,000||09/06/2018||2.0||6,927||Unlisted||$7,000,000|
|2167 Mount Paran Road||$5,880,000||12/11/2018||5.5||11,542||47||$5,950,000|
|2515 Rivers Road Nw||$5,800,000||03/28/2018||2.0||6500||Unlisted||$5,800,000|
By order of sale price, below are the top 5 Buckhead Home Sales Of 2018