In our November 2010 survey, all of the Central DeKalb markets had a year over year drop in Average Sales Price. The Number of Days on the Market was unchanged in Decatur, down Avondale Estates and up in Pine Lake. The City of Decatur, as well as it’s neighborhoods of Oakhurst and Glenwood Estates, were markets that experienced an increase in the Number of Units Sold over the last year. Glenwood Estates, Oakhurst and the City of Decatur were the only markets that had an increase in Annual Sales Volume from 2009 to 2010.

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

Avondale Estates experienced a decrease in Average Sales Price from $297,141 in 2008-09 to $293,268 in 2009-10 a fall of 1%. The change from ’07 was negative 8% Average Number of Days on the Market declined from 92 to 68 or 26% over the last year. The Number of Units Sold dropped from 55 to 45 or 18% and the decline since 2007 was 20%. Annual Sales Volume declined by 19% from $16,342,755 to $13,197,060 from ’08-’09 to ’09- ’10 and down 26% from 2007.

The City of Decatur market had an 8% decline in Average Sales Price from $386,015 to $356,030 in the last year. Since 2007 prices in Decatur are down by 5%. Average Days on the Market stayed the same over the last two years at 59 days. The Number of Units Sold was up by 32% from 154 to 204 over the last 12 months. Looking back 24 months, the number of units sold was off by 19%. Annual Sales Volume in Decatur increased by 22% from $59,446,310 in 2008-09 to $72,630,120 in 2009-10. Sales Volume is down 23% from 2007-08’s number.

The Pine Lake market experienced a 4% decrease in Average Sales Price from $134,926 in ’08-‘09 to $129,376 in ’09-‘10. Over the last 24 months, the Average Sales Price was flat. The Average Days on the Market increased by 5% from 79 days to 83 days. The Number of Units Sold was 13 units per year in both 2008-09 and ’09-’10. Annual Sales Volume fell 4% from $1,754,038 to $1,681,888 in the last year and up 30% over the last two years.

The Decatur neighborhood of Glenwood Estates had an 11% decrease in Average Sales Price from $512,900 to $456,428. Over a two year period, the Average Sales Price was down 2%. The Average Days on the Market was up from 44 days to 68 days or 55%. Glenwood Estates experienced an increase in the Number of Units Sold from 5 in 2008-09 to 7 in 2009-10 or 40%. Annual Sales Volume was up 25% from $2,564,500 in ’08-‘09 to $3,194,996 in ’09-‘10. The decrease from 2007-08 was 38%.

The Great Lakes market had a 15% decrease in Average Sales Price from $529,312 in 2008-09 to $449,360 in 2009-10. This market was down 2% over the two year period. The Average Number of Days on the Market was down by 59% from 97 days to 40 days. The Number of Units Sold dropped from 8 to 5 units in the last year. Annual Sales Volume was down by 47% from $4,234,496 to $2,246,800 in the last twelve months. Over the last 24 months, Annual Sales Volume was down 18%.

The Oakhurst neighborhood had a 3% fall in Average Sales Price from $364,323 in ’08-‘09to $353,532 in ’09-‘10. The average was up 3% over the last two years. The Average Number of Days on the Market was UP 21% from 52 to 63. The Number of Units Sold went from 65 to 76 units per year or an increase of 17%. This number was down 13% from 2007-08. Annual Sales Volume was up by 13% from $23,680,995 to $26,868,432 in the last 12 months. Since 2007-08, sales volume has fallen by 10%.

The Winnona Park market had a 19% drop in Average Sales Price from $417,659 in 2008-09 to $339,868 in 2009-10. In 2007-08, the Average Sales Price was $437,628. The Average Days on the Market declined by 35% from 106 to 69. The Number of Units Sold fell from 23 to 22 or 4% in the last 12 months. Since 2007-08, sales were down by 27%. Annual Sales Volume fell by 22% from $9,606,157 to $7,477,096 in the last year. Over the last two years, the drop in sales volume was 43%.

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