Appraisal Institute State of Atlanta Housing Market.

Appraisal InstituteState of AtlantaHousing Market

National Housing Market

NORTHEAST - ANALYSIS

Market Unemployment Median Annual Rate Home Price % Change

Buffalo 6.2% $95,000 9.2%Philadelphia 4.9% $176,000 3.5%Boston 4.5% $411,000 16.4%Baltimore 4.5% $244,000 8.9%Washington DC 3.2% $387,000 24.8%New York 5.8% $444,000 18.1%Bergen, NJ 4.1% $462,000 19.7%Long Island 3.9% $454,000 17.3%Source: Dismal.com/NAR

MIDWEST - ANALYSIS


St Louis 5.8% $123,000 1.7%Pittsburgh 5.7% $113,000 7.6%Detroit 7.6% $168,000 5.7%Cincinnati 5.0% $142,000 2.9%Columbus 4.7% $144,000 3.6%Cleveland 6.4% $156,000 5.4%Minneapolis 4.2% $226,000 7.1%Chicago 5.9% $259,000 8.4%Denver 5.3% $240,000 2.1%Source: Dismal.com/NAR

WEST - ANALYSIS


Phoenix 3.3% $197,000 20.9%Las Vegas 3.8% $293,000 12.7%San Diego 3.6% $597,000 8.3%Orange County 3.2% $672,000 4.0%Los Angeles 6.1% $486,000 11.5%Riverside, CA 5.5% $350,000 20.7%San Francisco 4.3% $705,000 12.8%Portland 6.6% $226,000 10.2%Seattle 5.3% $326,000 12.4%Source: Dismal.com/NAR

SOUTHEAST - ANALYSISMarket Unemployment Median Annual

Rate Home Price % Change

Dallas 6.0% $143,000 5.9%Charlotte 5.6% $169,000 4.3%Raleigh 3.6% $180,000 1.1%Houston 6.1% $142,000 6.8%Atlanta 4.4% $162,000 5.9%Tampa 3.8% $208,700 23.0%Naples 3.7% $491,400 25.0%Orlando 4.1% $242,300 45.0%Ft Lauderdale 4.4% $378,000 29.0%Sarasota 3.1% $336,800 39.0%West Palm Beach 5.3% $406,800 30.0%

Atlanta Housing Market

ATLANTA HOUSING MARKETATLANTA HOUSING MARKETATLANTA HOUSING MARKETATLANTA HOUSING MARKET

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2Q99 4Q99 2Q00 4Q00 2Q01 4Q01 2Q02 4Q02 2Q03 4Q03 2Q04 4Q04 2Q05

Quarterly Starts Quarterly Closings



-

10,000

20,000

30,000

40,000

50,000

60,000

2Q99 4Q99 2Q00 4Q00 2Q01 4Q01 2Q02 4Q02 2Q03 4Q03 2Q04 4Q04 2Q05

Annual Starts Annual Closings


-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

2Q99 4Q99 2Q00 4Q00 2Q01 4Q01 2Q02 4Q02 2Q03 4Q03 2Q04 4Q04 2Q05

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

Finished Vacant Under Construction Housing MOS


-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2Q00 3Q00 4Q00 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02 3Q02 4Q02 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q050.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

Finished Vacant Finished Vacant MOS


-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2Q99 4Q99 2Q00 4Q00 2Q01 4Q01 2Q02 4Q02 2Q03 4Q03 2Q04 4Q04 2Q05

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

Finished Vacant Finished Vacant % of Total Inv.


-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

2Q99 4Q99 2Q00 4Q00 2Q01 4Q01 2Q02 4Q02 2Q03 4Q03 2Q04 4Q04 2Q05

Lot Delivery Quarterly Starts


-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

2Q99 4Q99 2Q00 4Q00 2Q01 4Q01 2Q02 4Q02 2Q03 4Q03 2Q04 4Q04 2Q05

VDL Inventory Annual Starts


-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

2Q99 4Q99 2Q00 4Q00 2Q01 4Q01 2Q02 4Q02 2Q03 4Q03 2Q04 4Q04 2Q05

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

VDL Inventory VDL MOS


0 2,000 4,000 6,000 8,000 10,000 12,000

Fulton (North)

Cherokee

Forsyth

Gwinnett

Cobb

Dekalb

Paulding

Hall

Clayton

Douglas

Fayette

Fulton (South)

Henry

Rockdale

Coweta

Newton VDL Inventory

Annual Starts


0.0 5.0 10.0 15.0 20.0 25.0 30.0

Fulton (North)

Cherokee

Forsyth

Gwinnett

Cobb

Dekalb

Paulding

Hall

Clayton

Douglas

Fayette

Fulton (South)

Henry

Rockdale

Coweta

Newton

VDL MOS

Months of Supply


0 5,000 10,000 15,000 20,000 25,000

Fulton (North)

Cherokee

Forsyth

Gwinnett

Cobb

Dekalb

Paulding

Hall

Clayton

Douglas

Fayette

Fulton (South)

Henry

Rockdale

Coweta

Newton

Annual Starts Future Lots


0.0 2.0 4.0 6.0 8.0 10.0 12.0

Fulton (North)

Cherokee

Forsyth

Gwinnett

Cobb

Dekalb

Paulding

Hall

Clayton

Douglas

Fayette

Fulton (South)

Henry

Rockdale

Coweta

Newton

Housing Inventory MOS

Months of Supply


-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

Fult

on (

Nort

h)

Cher

oke

e

Fors

yth

Gw

innet

t

Cobb

Dek

alb

Pau

ldin

g

Hal

l

Cla

yton

Dougla

s

Faye

tte

Fult

on (

South

)

Hen

ry

Rock

dal

e

Cow

eta

New

ton

ANNUAL STARTS ANNUAL CLOSINGS Housing Mos


0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

0-$150,000

$150,000 -$200,000

$200,000 -$300,000

$300,000 -$400,000

$400,000 -$500,000

$500,000 -$600,000

$600,000 -$750,000

$750,000 -UP

ANNUAL STARTS ANNUAL CLOSINGS


0

5,000

10,000

15,000

20,000

25,000

0-$150,000

$150,000-

$200,000

$200,000-

$300,000

$300,000-

$400,000

$400,000-

$500,000

$500,000-

$600,000

$600,000-

$750,000

$750,000- UP

VDL INVENTORY ANNUAL STARTS

ATLANTA TOP COMMUNITIES

RANKED BY SALESSubdivision Name Market Area Price Range Annual Starts Annual Sales

Woodlands Cherokee $160-$265 308 356

Summer Grove Coweta $131-$395 255 281

Bridge Mill Cherokee $110-$855 288 260

Breckinridge Station Gwinnett $155-$231 130 259

Windermere Forsyth $224-$750 193 230

Eagles Landing Henry $105-$890 215 223

Bentwater Paulding $140-$575 175 209

Mulberry Park Gwinnett $124-$181 175 184

Heron Bay Henry $140-$1000 238 183

Hamilton Mill Gwinnett $180-$825 149 182

Anneewakee Trails Douglas $117-$400 174 164

Ellington Newton $115-$160 173 163

Boulder Forest Dekalb $172-$195 136 157

Whittington Forsyth $145-$204 143 145

River Green Cherokee $150-$475 191 144

ATLANTA TOP ATLANTA TOP COMMUNITIESCOMMUNITIES

RANKED BY SALESRANKED BY SALESSubdivision Name Market Area Price Range Annual Starts Annual Sales

ShakeRag Farms Forsyth $182-$250 120 136

Amhurst Fulton (South) $136-$285 107 133

Sandpiper's Cove Fulton (South) $150-$194 149 131

Bridle Point Gwinnett $131-$174 175 125

Cooks Landing Fulton (South) $158-$196 112 124

Sugarloaf/ Longmont Gwinnett $191-$283 113 116

Sterling on the Lake Hall $207-$380 189 115

TH/ Ellison Lakes Cobb $150-$175 118 115

Trilogy Park Gwinnett $228-$326 108 115

Monarch Village Henry $100-$300 90 114

Townsend Creek Gwinnett $180-$246 105 108

Villa Chase Gwinnett $240-$310 122 107

Walden Park Fulton (South) $160-$400 102 107

Apalachee Heritage Gwinnett $183-$327 101 106

River Park Cherokee $120-$183 108 104

UNDER $150,000

$150,000 to $ 200,000

$200,000 to $400,000

$400,000 to $600,000

ATLANTA CLOSINGS by Price Range

$600,000 and over 3% 4%

28% 22%

29% 31 %

35% 36 %

6% 7%

2Q 20052Q 2004

…now you know

Appraisal Institute State of Atlanta Housing Market.

Documents

sales slide

northeast analysis slide

southeast analysis slide

midwest analysis slide

national housing market

atlanta closings

price range