The latest edition of The Beacham Insider takes a look at how Atlanta home prices continued to shoot higher in the first five months of 2013. The average home sales price for the first five months of 2013 increased 25% from the same period a year ago. Conversely, home sales are down 10% from last year. Both situations are primarily due to a severe lack of inventory – perhaps the lowest amount of housing inventory in Atlanta’s history relative to population. The top performing areas of Atlanta have at least one thing in common: top performing public schools. On the luxury side of the Atlanta real estate market, the situation is quite different. Sales were up 46% but the average sales price remained unchanged from a year ago. We take a look at five global trends in the luxury real estate market in this edition of The Beacham Insider along with the big announcement that Beacham has joined the prestigious Luxury Portfolio International marketing affiliation.
