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Atlanta’s luxury housing market is heating up

by Peter Thomas Ricci

atlanta-luxury-real-estate-housing-market

Atlanta has one of the busiest luxury housing markets in the country, according to the new Luxury Market Report from Coldwell Banker Previews International.

In 2015, Previews reported, sales of homes priced $1 million and above totaled 1,140 in Atlanta. That was a 21 percent increase over 2014, and was the fourth-highest increase in the nation; as of Feb. 2016, there were 982 active listings in Atlanta priced $1 million or above.

Below are Previews’ rankings for luxury markets with the largest sales increases:

Metro Area YOY Increase in $1M+ Sales in 2015 Luxury Sales – 2015
Austin 32% 694
Fort Lauderdale 31% 789
Seattle 30% 979
Atlanta 21% 1,140
San Diego 19% 1,165
Dallas 13% 848
Chicago 12% 1,149
Naples 12% 1,135
Newport Beach 11% 678
Santa Barbara 11% 744

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