In our March 2010 survey of the Atlanta in DeKalb neighborhoods, Edgewood and East Lake were the only markets that did not have a year over year decrease in Average Sales Price. East Atlanta, East Lake and Kirkwood all experienced a decline in the Average Days on the Market. Edgewood was the only market to experience no change in the number of Units Sold and an increase Annual Sales Volume.

Here are the results of the March 2010 survey:

Candler Park had a 7% decline in Average Sales Price over the last year-$451,844 in 2008-09 to $419,320 in 2009-10. The Average Number of Days on the Market jumped by 144% from 45 to 110. The Number of Units Sold dropped by 2% from 47 in ’08-‘09 to 46 in the last 12 months. Annual Sales Volume was off by 9% over the last year-$21,236,668 in ’08-‘09 to $19,288,720 in ’09-‘10.

The Druid Hills market had a fall in Average Sales Price from $602,261 in 2008-09
to $591,504 in 2009-10, a drop of 2%. The Average Number of Days on the Market
expanded by 25% from 71 to 89. The Number of Units Sold decreased from 74
to 53 in 2009-10, a fall of 28%. Annual Sales Volume was off by
30% from $44,567,314 in ’08-‘09 to $31,349,712 in ’09-‘10.

East Atlanta had an 11% decrease in Average Sales Price-$201,779 to $179,848.
Average Days on the Market fell by only 1% from 74 to 73 days. East Atlanta also had a 1% decrease in the Number of Units Sold-118 in 2008-09 to 117 in 2009-10. Annual Sales Volume fell by 12% from $23,809,922 in ’08-‘09 to $21,042,216 in ’09-‘10.

The East Lake market had a tiny decrease in Average Sales Price from $209,618 to $209,606. The Average Number of Days on the Market fell from 98 to 49, a drop of 50%. The Number of Units Sold was off by 16% from 51 to 43 in 2009-10. Annual Sales Volume in the market declined by 16%-$10,690,518 to $9,013,058 in the last 12 months.

Edgewood had an increase in Average Sales Price of 11% from $148,092 to $165,110. Average Days on the Market increased from 67 to 76 in ’08-’09 a jump of 13%. The Number of Units Sold averaged 49 per year over the last two years. Annual Sales Volume increased from $7,256,508 in 2008-09 to $8,090,390 in 2009-10 or 11%.

Kirkwood had a decrease in Average Sales Price of 3%-$228,360 to $220,920. The Average Number of Days on the Market fell from 68 to 67 or 1%. The Number of Units Sold decreased by 21% from 157 to 124 and Annual Sales Volume was down by 24%-$35,852,520 in ’08-‘09 to $27,394,080 in ’09-‘10.

The Lake Claire market had a decline of 11% in Average Sales Price from $467,517 to $416,517. The Average Number of Days on the Market increased by 86% from 51 to 95 and the Number of Units Sold decreased by 21% from 34 in 2008-09 to 27 in 2009-10. Annual Sales Volume for the market was off by 29% from $15,895,578 in 2008-09 to $11,247,795 in 2009-10.

We will look at the results from the Intown North markets in our next posting.