In our June 2010 survey, Avondale Estates was the only Central DeKalb market with a year over year gain in Average Sales Price. Glenwood Estates was the only market with a gain over the last two years. The Number of Days on the Market was down in all three cities, a good sign. Pine Lake and Decatur were markets that experienced an increase in the Number of Units Sold over the last year and the Decatur neighborhood of Glenwood Estates was the only market that experienced an increase over the last two years. Pine Lake, Glenwood Estates and Oakhurst were the only markets that had an increase in Annual Sales Volume from 2009 to 2010. Glenwood Estates was the only market that had an increase from 2007 to 2010.

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

Avondale Estates experienced an increase in Average Sales Price from $300,933 in 2008-09 to $326,941 in 2009-10 a bump of 9%. The change from ’07 was minus 1% Average Number of Days on the Market declined from 86 to 61 or 29% over the last year. The Number of Units Sold dropped from 57 to 28 or 51% and the decline since 2007 was 55%. Annual Sales Volume declined by 47%% from $17,153,181 to $9,154,348 from ’08-’09 to ’09- ’10 and down 55% from ’07 to present.

The City of Decatur market had an 8% decline in Average Sales Price from $394,912 to $364,082 in the last year. Since 2007 prices in Decatur are down by 5%. Average Days on the Market fell from 65 to 53 or 18%. The Number of Units Sold was up by 3% from 203 to 210 over the last 12 months. Looking back 24 months, the number of units sold was off by 18%. Annual Sales Volume in Decatur fell by 5% from $80,167,136 in 2008-09 to $76,457,720 in 2009-10. Sales Volume is off 22% from 2007-08’s number.

The Pine Lake market experienced a 10% decrease in Annual Sales Price from $148,418 in ’08-‘09 to $133,029 in ’09-‘10. The decline over 24 months was 6%. The Average Days on the Market declined by 18% from 108 days to 89 days. The Number of Units Sold was up from 8 units per year in 2008-09 to 17 units in ’09-’10, an increase of 113%. Annual Sales Volume increased 90% from $1,187,344 to $2,261,493 in the last year and down 16% over the last two.

The Decatur neighborhood of Glenwood Estates had a 12% decrease in Average Sales Price from $552,142 to $486,500. Over a two year period, the Average Sales Price was up 17%. 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 7 in 2008-09 to 9 in 2009-10 or 29%. Over the two year period, the transactions were up by 125%. Annual Sales Volume was up 13% from $3,864,994 in ’08-‘09 to $4,378,994 in ’09-‘10. The increase from 2007-08 was 164%.

The Great Lakes market had a 19% decrease in Average Sales Price from $517,914 in 2008-09 to $420,500 in 2009-10. This market was also down over the two year period. The Average Number of Days on the Market was down by 58% from 118 to 49. The Number of Units Sold fell from 7 to 4 or 43%. Annual Sales Volume was down by 54% from $3,625,398 to $1,682,000 in the last twelve months. Over the last 24 months, volume was down 68%.

The Oakhurst neighborhood had a 4% fall in Average Sales Price from $371,837 in ’08-‘09 to $357,516 in ’09-‘10. The average was virtually unchanged over the last two years. The Average Number of Days on the Market fell by 3% from 59 to 57. The Number of Units Sold went from 72 to 84 units per year or an increase of 17%. This number was down 7% from 2007-08. Annual Sales Volume was up by 12% from $26,772,264 to $30,031,344 in the last 12 months. Since 2007-08, sales volume has dropped by 7%.

The Winnona Park market had a 22% drop in Average Sales Price from $448,033 in 2008-09 to $348,551 in 2009-10. In 2007-08, the Average Sales Price was $397,337. The Average Days on the Market declined by 11% from 94 to 84. The Number of Units Sold decreased from 31 to 19 or 39%% in the last year. Since 2007-08, transactions are off by46%. Annual Sales Volume fell by 52% from $13,889,023 to $6,622,469 in the last year. Over the last two years, the drop in sales volume was also 52%.

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