All of the Central DeKalb Cities had positive year over year gains in Average Sales Price with Pine Lake experiencing a significant increase in Average Sales Price. The only City of Decatur neighborhood to experience a fall in Average Sales Price was Decatur Heights. The Number of Days on the Market was down in all of the cities and two of the Decatur neighborhoods. Every market had a decrease in the Number of Units Sold, except for the Great Lakes neighborhood, which remained unchanged. The City of Pine Lake and the Great Lakes neighborhood were the only markets that experienced an increase in sales volume.

Here are the results of our September 2009 survey:

Avondale Estates had a 7% increase in Average Sales Price from $310,281 in ’07-’08 to $331,667 in ’08-’09. Average Days on the Market decreased from 93 to 81- a fall of 13%. The Number of Units Sold fell from 60 to 34 or 43%. Annual Sales Volume was down 39% from $18,616,860 to $11,276,678.

The City of Decatur market experienced a 3% increase in Average Sales Price from $376,258 to $388,876 in the last year. Average Days of the Market fell from 69 to 60 or 13%. The Number of Units Sold decreased by 28% from 241 to 174. Annual Sales Volume in Decatur fell by 25% from $90,678,178 in ’07-’08 to $67,664,424 in ’08-’09.

The Pine Lake market had a huge 36% price increase over the last 12 months with an Annual Sales Price in ’07-’08 of $117,018 and $158,794 in ’08-’09. The Average Days on the Market in Pine Lake fell by 24% from 113 days to 86 days. The Number of Units Sold declined from 11 units to 9 units or 18%. Annual Sales Volume was up 11% from $1,287,198 to $1,429,146 in the last year.

The Average Sales Price in the City of Decatur neighborhood of Decatur Heights fell 21% from $381,455 in ’07-’08 to $302,745 in ’08-’09. Average Days on the Market was up by 3% from 79 to 81 and the Number of Units Sold dropped from 23 to 11 or 52%. Total Sales Volume was down by 62% from $8,773,465 in ’07-’08 to $3,330,195 in the last 12 months

The Decatur neighborhood of Glenwood Estates experienced a 10% increase in Average Sales Price from $465,991 to $512,900. The Average Days on the Market fell from 68 days to 44 days or 35%. Glenwood Estates had a 55% drop in the Number of Units Sold from 11 to 5. Annual Sales Volume fell 50% from $5,125,901 to $2,564,500 in the ’08-‘09.

The Great Lakes market had a 16% increase in Average Sales Price from $458,566 in ’07-’08 to $530,416 in ’08-’09. The Average Number of Days on the Market increased by 79% from 62 to 111. The Number of Units Sold was unchanged from last year at 6 units. Annual Sales Volume increased by 16% from $2,751,396 to $3,182,496 in the last year.

The Oakhurst neighborhood experienced a 6% increase in Average Sales Price from $347,237 in ’07-’08 to $367,497 in ’08-’09. The Average Number of Days on the Market decreased by 18% from 67 to 55. The Number of Units Sold dropped 14% from 81 to 70 and Annual Sales Volume fell by 9% from $28,126,197 to $25,724,790 in the last 12 months.

The Winnona Park market had a 3% increase in Average Sales Price from $434,995 in ’07-’08 to $448,833 in ’08-’09. The Average Days on the Market increased by 35% from 79 to 107 and the Number of Units Sold fell from 30 to 20 or 33% in the last year. Annual Sales Volume was down by 31% from $13,049,850 to $8,976,660 in the last 12 month..

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