It’s probably no surprise that line graphs depicting home values along the existing and future Atlanta Beltline look like partial silhouettes of Mt. Everest.
Especially when considering the city’s Beltline bonanza has roughly coincided with the Great Recession’s death.
But according to an April analysis by online real estate company Knock, median home price performances in specific Beltline neighborhoods (including Buckhead and West End) have been less eye-popping than others.
Knock’s analysis gives a snapshot (spanning from barely post-recession times through last year) of interesting housing trends all around the Beltline, breaking down values for homes within a two-mile radius of specific points on each trail section.
Some of the findings focus on specific Beltline parks and could present a limited if not skewed picture (as in the way home prices exploded around D.H. Stanton Park, near the future Southside Trail, by 63 percent between 2012 and 2013. Which isn’t to say the energy-efficient park didn’t play a role).
Anyhow, the study begins in Buckhead, where homes near the longstanding Northside Trail were relatively pricey back in 2012 and have stayed there.
Next stop is the under-construction Westside Trail (more specifically, the two-mile radius around midpoint Kipp Strive Academy, where homes in 2012 were selling for a little more than $23,000 after almost 100 days on market.
Prices in 2016 had nearly tripled (though they remained relatively low at $65,000) while days on market were halved, per Knock’s numbers.
Meanwhile, on the Eastside Trail front, the point of analysis was the intersection of 10th Street and Monroe Drive, where median home prices surprisingly saw a dip in 2015.
Last year, properties sold for a median of $285,000 and took 40 days to sell, per the study.
Heading farther south, homes within two miles of Krog Street Market and the Eastside Trail’s extension were indexing below overall median prices—until 2016, when they skyrocketed to $275,000, the study found.
Wrote analysts: “Homes are now going faster in this area than they are in any of other areas we analyzed ... We can’t say for sure why this area is in such high demand all of a sudden, but we suspect that the Krog Street Market might have something to do with it.”
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