Sandy Springs Market Update

Ready to purchase or sell real estate in Sandy Springs?  Whether it’s a condo, single-family home, land lot, or commercial property keep reading for the latest and greatest on the Sandy Springs real estate market (all data is based on findings in the First Multiple Listing Service, FMLS).

Single-Family Residences

If you desire one of the ritzy single-family homes of Sandy Springs, get primed to purchase one of the 265 properties currently available.  The current homes for sale range in price from $150,000 to $10 million with anywhere from 1 to 8 bedrooms, 1 - 9 full bathrooms, and 0 - 5 half baths.  Within the past month, Sandy Springs has had amazingly 404 homes sale within the price range of $167,000 (for a 2 bedroom/1bath home) to $2,690,000 (for a 8 bedroom/8 full bath/3 half bath home) - the average being a 4 bedroom/3.5 bath home that sells at $597,000 and has 70 days on the market.  As an interesting note, one real estate property with 4 bedrooms and 3.5 baths was lease purchased for $400,000 and was only on the market for 20 days.

Condo Residences

For those looking to have the low-maintenance life, Sandy Springs offers 232 condos for sale of all styles, including garden, townhouse, and loft.  Purchase a trendy 1-bedroom condo for as low as $29,000 or an upscale 4-bedroom real estate property for $825,000.  Currently, there are 9 real estate properties under contract with pending sales.  These homes with pending sales vary from $59,000 for a 1bedroom/1bath with 24 days on the market to $189,900 3 bedroom/2.5 bath with 404 days on the market - the average contract is for 2 bedroom/2 bath for $117,000 that has spent 118 days on the market.

Land/Farm

For you land lovers that desire to build later, there are currently 3 active real estate listings in the FMLS.  These current listings have acreage from 2.4 to 11.5 and asking prices respectively ranging from $1.8 million to $4.5 million. 

Commercial

For those of you that revel in the idea of commercial real estate investing, there is currently one great 5-unit apartment building that is listed at $999,000 that may suit your real estate investor appetite.  There are no other current active commercial real estate listings nor have there been any reported sales within the past month according to the FMLS data.