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Atlanta’s Home Prices Jump 10 Percent in One Year as Production Boom Fuels Home Market

Atlanta’s Home Prices Jump 10 Percent in One Year as Production Boom Fuels Home Market

In the past decade, Atlanta has earned the moniker Hollywood of the South. The city boasts a population

In the past decade, Atlanta has earned the moniker Hollywood of the South. The city boasts a population of around 500,000 in Atlanta proper and roughly 6 million in the greater metro area, with a rising number of full-time and part-time residents who are entertainment industry professionals. Many have been lured to work on productions like Black Panther: Wakanda ForeverThe Walking Dead, and the new Father of the Bride, or to find more stable work at the 700-acre Trilith Studios or Tyler Perry Studios in the heart of Atlanta.

Long a mecca for hip-hop artists and Black creators, Atlanta has also become increasingly popular with public figures from all walks of life. The undisputed media king of Atlanta — Tyler Perry — recently completed an astounding $100 million estate on 2,100 acres in the city of Douglasville, near his 330-acre studio complex. Celebrities who live or have had homes in Atlanta include Elton John, Melissa McCarthy, Ludacris, André 3000, Norman Reedus, Cardi B, Shaquille O’Neal, Gucci Mane, Jane Fonda, and The Vampire Diaries co-creator Julie Plec. Whitney Houston was also a longtime resident; the Alpharetta home where she and Bobby Brown shot Being Bobby Brown is on the market for $1.9 million.

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Setting the Pace, Year after Year

With growth that continues to surpass national benchmarks, Engel & Völkers remains a proven leader in sales performance across global markets.

53%

Higher Average Sale Price in The U.S. vs. National Average

40%

Higher U.S Sales Volume Growth than Direct International Competitor

33%

Of Advisor Involved in $1 M+ Transactions

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