While the Commercial real estate markets but have made some headway in recovery the residential side has starts and stops and still remains unstable in certain areas. The southeastern residential market were down 3.4% in the latest data set from the National Association of Realtors. However these sales are up 0.50% from last year’s numbers. The medium selling price for an existing home is reported to be $192,000 rounded.
Commercial Multifamily Market Atlanta
Current Atlanta market trends data indicates a decrease of -7.4% in the median asking price per unit for Multifamily properties compared to the prior 3 months, with an increase of +36.7% compared to last year's prices. County-wide, asking prices for multifamily properties are -5.1% lower at $47,330 per unit compared to the current median price of $54,616 per unit for multifamily properties in Atlanta, GA.
Office Markets
Current Atlanta market trends data indicates a decrease of -3.8% in the median asking price per sq. ft. for Office properties compared to the prior 3 months, with an increase of +7.4% compared to last year's prices. County-wide, asking prices for Office properties are -1.8% lower at $133 per sq. ft. compared to the current median price of $143 per sq. ft. for Office properties in Atlanta, GA.
Industrial
Nov 15 vs. 3 mo. prior Y-O-Y
State $46.87 -0.5% +0.2%
Metro $57.41 -0.7% +0.5%
County $64.91 +2.1% +14.6%
Retail
Current Atlanta market trends data indicates a decrease of -0.6% in the median asking price per sq. ft. for Retail Commercial properties compared to the prior 3 months, with an increase of +2.0% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are -3.2% lower at $148 per sq. ft. compared to the current median price of $164 per sq. ft. for Retail Commercial properties in Atlanta, GA.
The overall market is up and down depending on the month of the survey. One or more high sales in a month can skew the results of a survey. I think it is reasonable to state that the overall market is still stagnate and a full recovery is nowhere in sight based on the data I have reviewed.
Change may come after the presidential election if there is a reasonable person in the White House. However this is very much an unknown at this time.
Sources NAR, Costar and Loopnet.