Welcome back to another week's edition of Go Gaddis Real Estate Radio right here on AM 920 The Answer. My name is Cleve Gaddis, and I'm so happy you joined us for today's show. In this first segment, we've got the Metro Atlanta residential real estate update for the month of August and through the month of August of 2023 and are something you should know.
About Atlanta segment. We are going to tell you about the new robotic security dog at Mercedes Benz Stadium. Never heard of it before? Well, you soon will. And Atlanta ranks number two in the U. S. in something very important. Something significant from a real estate perspective. We've got these subjects and more.
My name is Cleve Gaddis. You're listening to Go Gaddis Real Estate Radio. Our purpose for this show is to help you learn how to continue to investigate everything when it comes to selling a home or buying a home to make sure that you as a home seller or a home buyer are fully educated before you make any decisions and sign on the dotted line.
I have had hundreds if not thousands of conversations with Home sellers and home buyers over the years who were disappointed. It's something they learned after they closed on their property, either after they sold it or after they bought it. And we don't want you to learn anything at closing or after that you should have learned before.
Now, You can get help from any real estate professional you want to, and there are some very, very good ones here in Metro Atlanta. But just like in any other industry, there are people who only care about the almighty dollar, and you need to work with someone. This is my advice, and it doesn't have to be us, but you need to work with someone who makes sure that you go in Eyes wide open.
And we want to connect with you and it is so easy. Go to gogaddisradio. com That's G O G A D D I S radio. com. You can ask questions that we answer on air or off air. You can make comments or push back, challenge anything I say. You can share ideas with us if you want to. You can request that we do some specific research on your neighborhood to let you know as a homeowner in that neighborhood and everybody else in your neighborhood.
No, whether or not you might have a particular advantage as a home seller and you can subscribe to our podcast. We're available on every major podcasting platform. Let's jump into the Metro Atlanta real estate update for the month of August. We're going to give you August numbers and then year to date numbers.
New listings. There were 5, 256 new listings entered into the listing service, which is a decrease of 18. 4 percent over August of 2022. 41,380 single family detached units. Now this is detached, not the condos and town homes compared to 50 3012 year to date in 2022, which is a decrease of 21.9%, 3,313 sales pending for the month compared to 4,000 4 0 4 in the prior year, which is a 25% decrease, year to date, 30,000 four hundred and eight thirty five.
Single family detached homes have gone pending, which is a 20 percent decrease over the 38, 000 164 homes that went under contract during the same period last year. Closed sales for the month, 3,848. Single family detached. Again, that's not the condos and town homes, which is a 17% decrease, which is a 17% decrease compared to the 4,620 homes that sold in August of 2022.
Year to date. Um, 29,258. Single family detached closings, which is a decrease of 23%. Over the almost 38, 000 closings in 2022. Median sales price, so let's look at average sales price. Average sales price in August, 551, 535, which is 7. 1 percent ahead of where we were this time last August. Average sales price year to date, 529, 504, which is a 2.
2 percent increase over where we were year to date in 2022. Let's take a look at condos and townhomes quickly. New listings for condos and town homes 1,624 in the month of August, which is 4.1% ahead of the 1,694 homes listed in August of 2022. Year to date, 12,135 listings for condos and town homes, which is down 14%.
From the 14,082 listed in the same period in the prior year, pending sales, 1,091 condos and town homes went pending last month, which is 18% less than went pending in August of 2022. Year to date, ninety one hundred and sixty one condos and town homes have gone pending, which is 17% off of where we were.
This time in 2022. Close sales, 1,151 in the month of August, which is 15.6% less. In August of 2022, year to date, eighty seven hundred and thirty two condos and town homes sold in metro Atlanta, which is a decrease of 21.5% over 2022 days on the market, 27 days, excuse me, 33 days, year to date to sell a condo or town home.
Also, 33 days to sell a single family detached home. That's compared to 25 for detached homes in 27 this past year, average sales price. Condo and townhome in the month of August, 397, 000, which is up 6. 5 percent year to date, 389, 000, which means prices are still marching in the right direction when the year over year price is, is, uh, higher than when the month over month prior year is higher than the year over year price.
It means prices are moving in the right direction. Year to date, average sales price condo and townhome 389, 571, which is 3 percent increase over. The prior year, we've got 2. 3 months worth of inventory of single family detached and the exact same amount, 2. 3 months worth of inventory of single family attached.
That is the condos and townhomes. That means if no new inventory came on the market anytime soon that it would take 2. 3 months to sell all of the homes currently listed for sale and all of the condos. and townhomes. In our Here's Something You Should Know About Metro Atlanta segment, meet Benzie, the robotic security dog at Mercedes Benz Stadium.
This was a news story done by our Atlanta's own Fox 5. You know Taylor Swift comes to the Georgia Dome and Beyonce came to the Georgia Dome and Freddie Falcon certainly shows up at the Georgia Dome. Uh, certainly always somewhere on the field or in the stadium, but around Mercedes Benz Stadium, nobody stops fans in their tracks quite like Benz E.
Benz E, in case you haven't seen it on Instagram or TikTok, I don't look at Instagram much or TikTok, so I haven't seen it at all. It's a pioneering, pioneering part of the stadium security team. A sleek, roving robot dog that patrols the property after hours. Benzie's certainly an attention getter.
Everyone loves him unless you're up to no good. Benzie is essentially a mobile security camera equipped with a dozen electronic eyes. Engineers say Benzie can spot possible problems and beam back information before a human security guard is ever placed. In the line of potential danger. I like that. You get situational awareness.
It says you get video streamed in real time. In other words, while Benzie gathers information, its flesh and blood colleagues behind the scenes can assess. The situation making Benzing man's best friend, but not man's replacement. One of the big faux pas with robots is people think robots are replacing jobs, which in this case they are.
But what the stadium says they're doing is they are augmenting a lot of the presence, uh, for dull, dirty, and dangerous tasks that really the human condition isn't ideal for. Mercedes Benz Stadium executives say theirs is the first stadium in the world to use a robotic security dog. Powering it through an existing partnership with AT& T.
If you've just joined us, you're listening to Go Gaddis Real Estate Radio right here on AM 920 The Answer. I'm Cleve Gaddis and I appreciate you joining us for this show. We talk about Atlanta being a great city. In fact, we just finished a segment that is Here's Something You Should Know About Metro Atlanta.
Which we believe everybody in Metro Atlanta should know more about Metro Atlanta. So you love it even more because it's a great place to live. Certainly our traffic needs a little help, but it's a great place to live. We hear about Atlanta being a great city in terms of lifestyle and the ability to find jobs.
I think it was one of the top places in the country for millennials to find jobs. But here's another reason to be so, so proud of the place we now call home. Atlanta ranks number two by home and lot size. And this is from Atlanta Agent Magazine. Atlanta took second place in a new Storage Cafe 50 largest cities.
by median home and lot size with new lots of more than 11, 500 square feet and many median homes at 1953 square feet. Atlanta's second place position comes as residences have expanded while lots have shrunk over the last decade. You've certainly seen that if you've driven around looking at any new developments certainly reflects the city's influx of residents and the limited amount of buildable land.
The Atlanta's Atlanta's medium home value, median home value, uh, stands at 425, 000. We just talked about the mean or the average home value is up closer to almost 400, 000 for condos and townhomes, and in the mid 500s for single family detached homes. Raleigh was number one, Atlanta was number two, followed by Charlotte, Omaha, Nashville, Austin, Jacksonville, Bakersfield, Fresno, and Tulsa.
This segment of the show is brought to you by John Birchfield and Capital City Home Loans. John makes it his mission to guide each homebuyer step by step through the entire loan process so they are educated and confident in the mortgage options available, and can make the best decisions along the way.
You can reach John easily, and he is my preferred mortgage provider. You can reach him easily by calling 678 226. 7887 678 226 7887 if you are listening and you're thinking of selling your home anytime in the next six months or even the next year for that matter you should go to gogadisradio. com g o g a d i s radio.
com click on sell for 28, 000 more or it just says 28, 000 more put in a little bit of information And if you want to see how we can help you sell your house for 28, 000 more than your neighbor, I mean right next door, sold their home for, this will be a great way to do it. You'll put in a little bit of information.
You'll be on and off the site in less than 30 seconds and I'll follow up with you personally to talk to you about our customized maximum value plan where we find that top price for your home and our 15, 000 rehab and refresh budget that'll help put your home in picture perfect shape before you list it.
We're going to take a quick break. When we come back. We're going to talk about the hottest summer on record and maintaining your HVAC systems through all four seasons of the year. Stick with us. We'll be back.