According to our August 2010 survey, all of the Central DeKalb markets had a year over year drop in Average Sales Price. Glenwood Estates, Great Lake and the City of Pine Lake were the only markets with a gain over the last two years. The Number of Days on the Market was, once again, down in all three cities. Pine Lake and Decatur, as well as the Decatur neighborhoods of Oakhurst and Glenwood Estates, were markets that experienced an increase in the Number of Units Sold over the last year. Pine Lake, Glenwood Estates, Oakhurst and the City of Decatur were the only markets that had an increase in Annual Sales Volume from 2009 to 2010. Glenwood Estates, Great Lakes and Pine Lake were the only markets that had an increase in Sales Volume from 2007 to 2010.

Here are the results of our Adams Realtors August 2010 survey:

Avondale Estates experienced a decrease in Average Sales Price from $305,364 in 2008-09 to $285,598 in 2009-10 a fall of 6%. The change from ’07 was negative 8% Average Number of Days on the Market declined from 85 to 69 or 30% over the last year. The Number of Units Sold dropped from 55 to 50 or 9% and the decline since 2007 was 12%. Annual Sales Volume declined by 15% from $16,795,020 to $14,279,900 from ’08-’09 to ’09- ’10 and down 19% from 2007.

The City of Decatur market had a 7% decline in Average Sales Price from $389,239 to $363,007 in the last year. Since 2007 prices in Decatur are down by 5%. Average Days on the Market fell from 60 to 56 or 7%. The Number of Units Sold was up by 14% from 185 to 211 over the last 12 months. Looking back 24 months, the number of units sold was off by 14%. Annual Sales Volume in Decatur increased by 6% from $75,009,215 in 2008-09 to $76,594,477 in 2009-10. Sales Volume is off 18% from 2007-08’s number.

The Pine Lake market experienced a 9% decrease in Average Sales Price from $158,135 in ’08-‘09 to $143,855 in ’09-‘10. Over the last 24 months, the Average Sales Price increased by 18%. The Average Days on the Market declined by 7% from 94 days to 87 days. The Number of Units Sold was up from 10 units per year in 2008-09 to 18 units in ’09-’10, an increase of 80%. Annual Sales Volume increased 64% from $1,581,350 to $2,589,390 in the last year and up 77% over the last two years.

The Decatur neighborhood of Glenwood Estates had a 3% decrease in Average Sales Price from $502,500 to $486,500. Over a two year period, the Average Sales Price was up 2%. The Average Days on the Market was up from 41 days to 56 days or 37%. Glenwood Estates experienced an increase in the Number of Units Sold from 4 in 2008-09 to 9 in 2009-10 or 125%. Annual Sales Volume was up 118% from $2,010,000 in ’08-‘09 to $4,378,500 in ’09-‘10. The increase from 2007-08 was 2%.

The Great Lakes market had a 6% decrease in Average Sales Price from $503,357 in 2008-09 to $471,257 in 2009-10. This market was up 4% over the two year period. The Average Number of Days on the Market was down by 63% from 123 days to 45 days. The Number of Units Sold remained constant at 7 in each of the last two 12 month periods. Annual Sales Volume was down by 6% from $3,523,499 to $3,298,799 in the last twelve months. Over the last 24 months, Annual Sales Volume was up 21%.

The Oakhurst neighborhood had a 2% fall in Average Sales Price from $362,338 in ’08-‘09 to $354,996 in ’09-‘10. The average was also down 2% over the last two years. The Average Number of Days on the Market was up by 7% from 56 to 60. The Number of Units Sold went from 70 to 82 units per year or an increase of 17%. This number was down 2% from 2007-08. Annual Sales Volume was up by 15% from $25,363,660 to $29,107,212 in the last 12 months. Since 2007-08, sales volume has fallen by 4%.

The Winnona Park market had a 20% drop in Average Sales Price from $441,243 in 2008-09 to $351,948 in 2009-10. In 2007-08, the Average Sales Price was $422,366. The Average Days on the Market declined by 10% from 86 to 77. The Number of Units Sold decreased from 26 to 25 or 4%% in the last 12 months. Since 2007-08, transactions are off by 7%. Annual Sales Volume fell by 23% from $11,472,318 to $8,798,700 in the last year. Over the last two years, the drop in sales volume was also 23%.

Our next posting will cover the Tri-Cities of College Park, East Point and Hapeville.