In the March 2010 Adams Realtors Intown North Market Survey, Poncey Highland was the only market that had a positive year over year increase in Average Sales Price. Poncey Highland was also the only market that experienced a fall in the Days on the Market. Ansley Park and Inman Park were the only markets that had an increase in the Number of Units Sold and Inman Park had an increase in Annual Sales Volume while Ansley Park’s Annual Sales Volume remained essentially static in each of the last two years.

Here are the results of our March 2010 survey of Intown North markets:

The Ansley Park market experienced an 18% decrease in Average Sales Price with an Average Sales Price of $1,054,194 in 2008-09 and $864,896 in 2009-10. The Average Number of Days on the Market increased from 105 to 110 or 5%. The Number of Units Sold increased from 18 to 22 units in 2009-10. Annual Sales Volume increased by a fraction from $18,975,492 in 2008-09 to $19,027,712 in 2009-10.

Inman Park’s Average Sales Price declined from $494,432 to $438,548, a fall of 11%. The Average Number of Days on the Market increased from 67 to 81, a rise of 21%. The Number of Units Sold increased by 16%, from 25 to 29. Annual Sales Volume in the market increased from $12,360,800 in ’08-‘09 to $12,717,892 in ’09-‘10 or a rise of 3%.

Midtown’s Average Sales Price declined by 5%-$530,857 to $487,822. Average Days on the Market was up slightly from 72 to 73 and the Number of Units Sold fell by 33% from 27 to 18 in the last year. Annual Sales Volume was off by 39% from $14,333,139 to $8,780,796 over the last year.

Morningside had a 5% fall in Average Sales Price from $653,935 in 2008-09 to $618,004 in 2009-10. The Average Number of Days on the Market rose by 34% over last year from 73 to 98. The Number of Units Sold fell by 22% from 134 in ’08-‘09 to 104 in ’09-‘10. Annual Sales Volume in Morningside dropped from $87,627,290 to $64,272,416- a 27% decrease from last year.

The Poncey Highland market had an increase in Average Sale Price from $400,116 to $402,625, a rise of 1%. The Average Number of Days on the Market was down by 52% from 122 to 58 days. The Number of Units Sold fell from 6 units per year to 4 units per year. Annual Sales Volume dropped from $2,400,696 to $1,610,500 a decline of 33%.

The Virginia-Highland market suffered a 14% decline in Average Sales Price-$651,651 to $559,819. The Average Number of Days on the Market increased by 23% from 66 to 81 and the Number of Units Sold decreased from 82 in ’08-‘09 to 78 in ’09-‘10, a decline of 5%. Annual Sales Volume was off by 18% from $53,435,382 in 2008-09 to $43,665,882 in 2009-10.

Our next posting will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake along with four City of Decatur neighborhoods.