The Alpharetta luxury housing market is among the top-performing in the nation, according to a new analysis from Redfin.
In 2016’s second quarter, the average sales price for luxury housing in Alpharetta was $1.281 million, a 15.8 percent increase over last year that is not only stronger than the 5.9 percent increase for the rest of the area’s housing, but also far above the 0.8 percent increase for the nation’s luxury markets.
Also, Redfin noted that the luxury homebuyers in Alpharetta were likely full-time residents, rather than foreign investors, which bodes well for the market’s long-term health.
As well as Alpharetta’s market has progressed, the Johns Creek market took a step back in the second quarter. According to additional Redfin stats, luxury housing in Johns Creek averaged $1.11 million, a 2 percent decline; that compares with a 5.7 percent increase for the rest of the Johns Creek market.
Click on the tabs below to adjust between the nation’s top-performing (and top-slowing) luxury markets.
| City | Average Sale Price – Luxury | YOY Change | Average Sale Price – Rest of Market | YOY Change |
|---|---|---|---|---|
| Stuart, FL | $2,935,000 | 139.4% | $279,000 | 26.2% |
| Longmont, CO | $1,358,000 | 28.7% | $387,000 | 18.0% |
| Henderson, NV | $1,149,000 | 28.4% | $262,000 | 5.2% |
| Murrieta, CA | $1,017,000 | 24.2% | $377,000 | 9.9% |
| Miami Beach | $8,851,000 | 21.6% | $683,000 | 16.8% |
| Asheville, NC | $1,000,000 | 17.1% | $281,000 | 10.2% |
| Alpharetta | $1,281,000 | 15.8% | $379,000 | 5.9% |
| Boston | $3,556,000 | 15.7% | $649,000 | 7.3% |
| Portland, OR | $1,216,000 | 15.2% | $412,000 | 13.2% |
| Boca Raton | $3,024,000 | 13.4% | $335,000 | 1.8% |
| San Diego | $2,511,000 | 13.2% | $568,000 | 6.4% |
| Bend, OR | $1,142,000 | 11.9% | $402,000 | 12.3% |
| Highlands Ranch, CO | $1,039,000 | 11.7% | $437,000 | 7.1% |
| Clearwater, FL | $1,062,000 | 11.1% | $191,000 | 13.0% |
| Tampa | $1,130,000 | 10.9% | $222,000 | 12.7% |
| City | Average Sale Price – Luxury | YOY Change | Average Sale Price – Rest of Market | YOY Change |
|---|---|---|---|---|
| The Woodlands | $1,639,000 | -23.4% | $380,000 | -11.6% |
| Palm Desert, CA | $1,626,000 | -22.9% | $337,000 | 4.3% |
| Hollywood, FL | $1,255,000 | -14.3% | $247,000 | 6.5% |
| Long Beach, CA | $1,386,000 | -13.6% | $485,000 | 6.4% |
| Oceanide, CA | $1,021,000 | -13.1% | $439,000 | 4.0% |
| San Francisco | $5,133,000 | -11.1% | $1,285,000 | 0.9% |
| Scottsdale, AZ | $2,008,000 | -10.4% | $437,000 | 3.3% |
| Alexandria | $1,215,000 | -5.7% | $470,000 | 1.1% |
| Fort Lauderdale | $2,123,000 | -4.9% | $336,000 | 1.5% |
| Bellevue, WA | $3,017,000 | -4.2% | $791,000 | 12.2% |
| Washington, D.C. | $2,294,000 | -4.1% | $589,000 | 3.5% |
| West Palm Beach | $1,216,000 | -3.8% | $190,000 | 2.7% |
| Temecula, CA | $1,182,000 | -3.8% | $427,000 | 5.4% |
| Sarasota, FL | $1,638,000 | -3.4% | $276,000 | 4.9% |
| John Creek, GA | $1,110,000 | -2.0% | $391,000 | 5.7% |
Photo Credit: Thomson200, Creative Commons CC0 1.0 Universal Public Domain Dedication, https://commons.wikimedia.org/wiki/File:Alpharetta,_Georgia_City_Hall.jpg