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Luxury housing soars in Alpharetta, stumbles in Johns Creek

by Peter Thomas Ricci

alpharetta-city-hall

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

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