The Adams Realtors Intown North Market Survey for November 2009 had Poncey Highland, once again, as the only neighborhood that had a positive year over year increase in Average Sales Price, Number of Units Sold and Sales Volume. Ansley Park was the only market that had a positive outcome (meaning negative number) in the Days on the Market category. Ansley’s Number of Units Sold was only down one sale from the previous 12 months.

Here are the results of our November 2009 survey on a market by market basis for Intown North:

The Ansley Park market had a 10% decrease in Average Sales Price with an Average Sales Price of $1,075,968 in ’07-’08 and $964,047 in ’08-’09. The Average Number of Days on the Market dropped from 112 to 109 or 3%. The Number of Units Sold fell by 4% from 25 to 24 in the last 12 months. Annual Sales Volume was down by 14% from $25,823,232 to $22,173,081 in ’08-‘09.

Inman Park’s Average Sales Price fell from $501,959 to $453,296, a drop of 10%. The Average Number of Days on the Market drifted upwards from 75 to 78, an increase of 4%. The Number of Units Sold fell by 14%, from 29 to 25. Annual Sales Volume in this market fell from $14,556,811 in ’07-’08 to $11,332,400 in ’08-’09 or a decrease of 22%.

Midtown’s Average Sales Price dropped by 20%-$588,070 to $470,570. Average Days on the Market grew by 33% from 57 to 76 and the Number of Units Sold fell by 33% from 27 to 18 in the last 12 months. Annual Sales Volume fell by 47% from $15,877,890 to $8,470,260 in the last 12 months.

Morningside had a 6% decrease in Average Sales Price from $670,333 in ’07-‘08 to $631,061 in ’08-‘09. The Average Number of Days on the Market increased by 13% over last year from 76 to 86. The Number of Units Sold dropped by 33% from 155 in ’07-’08 to 104 in ’08-’09. Annual Sales Volume in Morningside went from $103,901,615 to $65,630,344- a 37% decrease from last year.

The Poncey Highland market had an increase in Average Sale Price from $385,280 to $406,663, an increase of 6%. The Average Number of Days on the Market skyrocketed by 300% from 37 to 148 days. The Number of Units Sold was up from 5 to 6 units or 20% over the last year. Annual Sales Volume climbed from $1,926,400 to $2,439,978, a gain of 25%.

The Virginia-Highland market experienced a 12% decline in Average Sales Price-$661,885 to $582,797. The Average Number of Days on the Market increased by 16% from 64 to 74 and the Number of Units Sold dropped from 85 in ’07-’08 to 72 in ’08-’09, a decrease of 15%. Annual Sales Volume fell by 25% from $56,260,225 in ’07-’08 to $41,961,384 in ’08-‘09.

Our next posting will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake along with five City of Decatur neighborhoods.