CONTACT US TODAY: 404-370-0092

SunTrust Park’s impact on real estate.

By in Uncategorized with 0 Comments

Take me out to the ballgame…

As the Braves progress through the playoffs, why not take a minute to inspect progress in the direct vicinity of SunTrust Park.

Ground broke on SunTrust Park 9/14/14, so we can say that was when real estate was initially impacted, but let’s look at just the last 6 months.


Condos and townhomes will be the subject of this analysis simply because single family homes make up a very small percentage of sales close to SunTrust Park.

The past 6 months, condos and townhomes within a 2 mile vicinity of the stadium sold for 284k on average. During that same timeframe last year they sold for 268k.  That’s an increase of 5.7%, during the same period, Atlanta as a whole rose 4.3%.  It’s also worth noting that average time on market fell from 49 days last year to 46 days this year.  This number is slightly higher than Atlanta as a whole, which indicates even though value is increasing, demand has been somewhat flat.

If this local market can stay as hot as Acuña’s bat, the future looks very bright.

Share This
About The Author
Weslee Knapp

Weslee is President and Broker of Keller Knapp, Inc. Along with managing the company, Weslee uses his management consulting skills to work with buyers and sellers of residential, multi-family, and commercial property. He was previously a management consultant. He has worked for Coopers & Lybrand, Pricewaterhouse Coopers, and IBM in consulting, and he has consulted for numerous Fortune 500 companies. Weslee is a member of the Atlanta Board of Realtors and Urban Land Institute, He is also President of the Board for Community Friendship, providing outreach services to the homeless, and Vice President and board member for the Olmstead Linear Park Alliance; recent Chair of the Atlanta Urban Design Commission, LEAD Atlanta Graduate, and avid runner. Weslee is a graduate of Georgia Tech with a degree in Industrial and Systems Engineering. Weslee was ranked #2 agent by sales in Metro Atlanta for 2013, and he was #8 in 2012. He was also named to the Atlanta Business Chronicle's 40 under 40 for 2014. His greatest strengths are his sons, Bennett and Oliver, and his dog, Bella!