In September, Lake Claire was the only Atlanta in DeKalb market that experienced an increase in Average Sales Price. The Edgewood, East Lake & Kirkwood markets had a positive trend of decreasing in Average Days on the Market. Kirkwood was the only market that did not have a decline in the Number of Units Sold and all markets experienced a decrease in Annual Sales Volume.

Here are the results of the September 2009 survey:

Candler Park experienced a 4% decrease in Average Sales Price over the last 12 months-$457,778 in ’07-’08 to $437,309 in ’08-’09. The Average Number of Days on the Market was up by a whopping 89% from 45 to 85. The Number of Units Sold was down by 8% from 52 in ’07-’08 to 48 in the last twelve months. Annual Sales Volume was down by 12%-$23,804,456 to $20,000,832 in the last year.

The Druid Hills market saw a drop in Average Sales Price from $642,869 in ’07-’08
to $582,157 in ’08-’09, a fall of 8%. The Average Number of Days on the Market
increased by 32% from 68 to 90 and the Number of Units Sold decreased from 77
to 50 over the last 12 months, a decline of 35%. Annual Sales Volume was down
41% from $49,500,913 in ’07-‘08 to $29,107,850 this year.

East Atlanta had a 17% decrease in Average Sales Price-$214,787 to $179,246.
The East Atlanta market was up by 1% in the Average Days on the Market from 74 to 75 days and had a 17% fall in the Number of Units Sold-126 in ’07-’08 to 104 in ’08-’09. Annual Sales Volume decreased by 31% from $27,063,162 to $18,641,584 in the last 12 months.

The East Lake market had a 7% decrease in Average Sales Price from $225,299 to $209,459. The Average Number of Days on the Market fell from 90 to 66, a decrease of 27%. The Number of Units Sold decreased by 29% from 55 to 39 in the last year. Annual Sales Volume in the market was down by 34%-$12,391,445 to $8,168,901.

Edgewood experienced a 12% decrease in Average Sales Price from $162,231 to $142,992. Average Days on the Market fell by 3% from 72 to 70. The Number of Units Sold dropped from 50 in ’07-’08 to 42 in ’08-’09, a decline of 16%. Annual Sales Volume went from $8,111,550 to $6,005,664 over the last year, a fall of 26%.

Kirkwood had a decrease in Average Sales Price of 10%-$248,074 to $222,893. The Average Number of Days on the Market fell from 67 to 62 or 14%. The Number of Units Sold was up by 7% from 135 to 145 and Annual Sales Volume decreased by only 3%-$33,489,990 to $32,319,485 over the past year.

The Lake Claire market had an increase of 3% in Average Sales Price from $435,673 to $448,969. The Average Number of Days on the Market increased by 7% from 59 to 63 and the Number of Units Sold dropped by 50% from 46 in ’07-’08 to 23 in’08-’09. Annual Sales Volume for the market fell by 48% from $20,040,958 to $10,326,287 over the last year.

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