In our March 2011 survey of the Central DeKalb markets, all of the markets, except for Pine Lake and Winnona Park, had a year over year decrease in Average Sales Price. The Number of Days on the Market was down in Avondale Estates, Pine Lake and in the City of Decatur. Avondale Estates, the City of Decatur and its Oakhurst and Winnona Park neighborhoods were markets that experienced an increase in the Number of Units Sold over the last year. Avondale Estates, the City of Decatur, Oakhurst and Winnona Park were also markets that had an increase in Annual Sales Volume in the last year.

Here are the results of our Adams Realtors March 2011 survey:

Avondale Estates experienced a 5% decrease in Average Sales Price from $306,432 in 2009-10 to $290,208 in the last 12 months. The change from 2008-09 was also negative 5%. Average Number of Days on the Market declined from 84 to 74 or 12% over the last year. The Number of Units Sold increased from 45 to 48 or 7% and the decline since 2008-09 was 23%. Annual Sales Volume increased by 1% from $13,789,440 in 2009-10 to $13,929,964 in 2010-11 and down 27% from 2008-09.

The City of Decatur market had a 6% decline in Average Sales Price from $368,948 to $346,985 in the last year. Since 2008-09 prices in Decatur are down by 11%. Average Days on the Market decreased slightly over the last year from 60 to 59 days. The Number of Units Sold was up by 9% from 183 to 199 over the last 12 months. Looking back 24 months, the number of units sold was off by 14%. Annual Sales Volume in Decatur increased by 2% from $67,517,484 in 2009-10 to $69,050,015 in 2010-11. Sales Volume is down 24% from 2008-09’s number of $90,333,840.

The Pine Lake market experienced a 1% increase in Average Sales Price from $132,925 in ’09-‘10 to $134,261 in the last 12 months. Over the last 24 months, the Average Sales Price was up 4%. The Average Days on the Market decreased from 94 days to 88 days. The Number of Units Sold was 13 units in the last year, down from 14 in 2009-10. In 2008-09, 12 units sold. Annual Sales Volume decreased by 6% from $1,860,950 to $1,745,393 in the last year and it is down 13% over the last two years.

The Decatur neighborhood of Glenwood Estates had a 23% decrease in Average Sales Price from $508,562 to $392,800. Over a two year period, the Average Sales Price also dropped 23%. The Average Days on the Market was up from 58 days to 66 days or 14%. Five units sold in the last year compared to 8 units that sold in 2009-10. 8 units also sold in ’08-‘09. Annual Sales Volume was down 52% from $4,068,496 in 2009-10 to $1,964,000 in 2010-11. The decrease from 2008-09 was also 52%.

The Great Lakes market had a 23% decrease in Average Sales Price from $542,785 in 2008-09 to $415,300 in 2010-11. This market was down 3% from 2008-09. The Average Number of Days on the Market was down by 66% from 108 days to 37 days. The Number of Units Sold dropped from 7 to 6 units in the last year. Annual Sales Volume was down by 34% from $3,799,495 to $2,491,800 in the last twelve months. Over the last 24 months, Annual Sales Volume was up by 17%.

The Oakhurst neighborhood had a 5% fall in Average Sales Price from $353,796 in ’09-10 to $335,855 in the last year. The average was down by 7% since 2008-09. The Average Number of Days on the Market fell from 62 days in 2009-10 to 56 days in 2010-11. The Number of Units Sold went from 77 to 83 units per year or an increase of 8%. This number was up 14% from 2008-09. Annual Sales Volume rose by 2% from $27,242,292 to $27,875,965 in the last 12 months. Since 2008-09, sales volume has increased by 5%.

The Winnona Park market had a 2% increase in Average Sales Price from $358,913 in 2009-10 to $364,478 in the last 12 months. In 2008-09, the Average Sales Price was $445,862. The Average Days on the Market increased 1% from 81 to 82. The Number of Units Sold rose from 20 to 23 or 15% in the last 12 months. Since 2008-09 sales were up by 5%. Annual Sales Volume increased by 17% from $7,178,260 to $8,382,994 in the last year. Over the last two years, the drop in sales volume was 48%.

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