In our April 2010 survey of the Atlanta in DeKalb neighborhoods, Druid Hills joined Edgewood and East Lake as the only markets that experienced a year over year increase in Average Sales Price. East Lake was the only market to experience a decline in the Average Days on the Market. Candler Park and East Atlanta were the only markets to experience an increase in the Number of Units Sold. East Atlanta and Edgewood were the only markets to have an increase Annual Sales Volume. With three markets having experienced an increase in Average Sales Price and two markets showing an improvement in Sales Volume, the Atlanta in DeKalb markets are beginning to show signs of life!

Here are the results of the April 2010 survey:

Candler Park had a 7% decline in Average Sales Price over the last year-$456,214 in 2008-09 to $423,640 in 2009-10. The Average Number of Days on the Market increased by 122% from 50 to 111. The Number of Units Sold was up by 2% from 44 in ’08-‘09 to 45 in the last 12 months. Annual Sales Volume was down by 5% over the last year-$20,073,416 in ’08-‘09 to $19,063,800 in ’09-‘10.

The Druid Hills market had a rise in Average Sales Price from $575,316 in 2008-09
to $621,269 in 2009-10, an increase of 8%. The Average Number of Days on the Market
was up by 18% from 78 to 92. The Number of Units Sold fell from 79 to 54 in 2009-10,
a drop of 32%. Annual Sales Volume was down by 26% from $45,449,964 in ’08-‘09 to
33,548,526 in ’09-‘10.

East Atlanta had a 6% decrease in Average Sales Price-$198,043 to $185,818.
Average Days on the Market increased by 17% from 64 to 75 days. East Atlanta also experienced a 9% increase in the Number of Units Sold-111 in 2008-09 to 121 in 2009-10. Annual Sales Volume was up by 2% from $21,982,773 in ’08-‘09 to $22,483,978 in ’09-‘10.

The East Lake market had a 1% increases in Average Sales Price from $210,943 to $213,530. The Average Number of Days on the Market fell from 93 to 51, a drop of 45%. The Number of Units Sold was off by 17% from 52 to 43 in 2009-10. Annual Sales Volume in the market declined by 16%-$10,969,036 to $9,181,790 in the last 12 months.

Edgewood had an increase in Average Sales Price of 16% from $142,317 to $164,684. Average Days on the Market increased from 67 to 73 in ’08-’09 a jump of 9%. The Number of Units Sold fell by 2% from 51 to 50 in the last year. Annual Sales Volume increased by 13% from $7,258,167 in 2008-09 to $8,234,200 in 2009-10.

Kirkwood had a drop in Average Sales Price of 5%-$230,032 to $217,839. The Average Number of Days on the Market rose from 66 to 74 or 12%. The Number of Units Sold fell by 20% from 154 to 123 and Annual Sales Volume dropped by 24%-from $35,424,928 in ’08-‘09 to $26,794,197 in ’09-‘10.

The Lake Claire market suffered a fall of 14% in Average Sales Price from $459,950 to $397,096. The Average Number of Days on the Market rose by 106% from 48 to 99 and the Number of Units Sold fell by 7% from 30 in 2008-09 to 28 in 2009-10. Annual Sales Volume for the market was down by 19% from $13,798,500 in 2008-09 to $11,118,688 in 2009-10.

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