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

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

Avondale Estates experienced an increase in Average Sales Price from $269,997 in 2008-09 to $301,213 in 2009-10 a rise of 12%. The change from ’07 was negative 5% Average Number of Days on the Market declined from 88 to 69 or 22% over the last year. The Number of Units Sold dropped from 53 to 45 or 15% and the decline since 2007 was 22%. Annual Sales Volume declined by 5% from $14,309,841 to $13,554,585 from ’08-’09 to ’09- ’10 and down 27% from 2007.

The City of Decatur market had an 8% decline in Average Sales Price from $383,068 to $353,385 in the last year. Since 2007 prices in Decatur are down by 10%. Average Days on the Market fell slightly over the last year from 60 to 59 days. The Number of Units Sold was up by 21% from 171 to 207 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 13% from $65,504,628 in 2008-09 to $73,150,695 in 2009-10. Sales Volume is down 23% from 2007-08’s number.

The Pine Lake market experienced a 6% decrease in Average Sales Price from $141,786 in ’08-‘09 to $132,712 in ’09-‘10. Over the last 24 months, the Average Sales Price was up 3%. The Average Days on the Market increased from 72 days to 107 days. The Number of Units Sold was 16 units in ’09-’10, up from 11 units sold in ’08-’09 and in ’07-‘08. Annual Sales Volume increased by 36% from $1,559,646 to $2,123,392 in the last year and up 50% over the last two years.

The Decatur neighborhood of Glenwood Estates had a 7% increase in Average Sales Price from $464,250 to $495,666. Over a two year period, the Average Sales Price was up 5%. The Average Days on the Market was up from 45 days to 72 days or 60%. Six units sold in each of the last two 12 month periods compared to the 10 units that sold in ’07-‘08. Annual Sales Volume was up 7% from $2,785,500 in ’08-‘09 to $2,973,996 in ’09-‘10. The decrease from 2007-08 was 37%.

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 up 10% 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 up 10%.

The Oakhurst neighborhood had a 5% fall in Average Sales Price from $364,452 in ’08-‘09 to $346,207 in ’09-‘10. The average was unchanged over the last two years. The Average Number of Days on the Market was up 9% from 56 to 61. The Number of Units Sold went from 71 to 79 units per year or an increase of 11%. This number was up 1% from 2007-08. Annual Sales Volume increased by 6% from $25,876,092 to $27,350,353 in the last 12 months. Since 2007-08, sales volume has risen by 2%.

The Winnona Park market had an 11% drop in Average Sales Price from $398,713 in 2008-09 to $355,384 in 2009-10. In 2007-08, the Average Sales Price was $447,976. The Average Days on the Market declined by 26% from 103 to 76. The Number of Units Sold rose from 20 to 26 or 30% in the last 12 months. Since 2007-08, sales were down by 19%. Annual Sales Volume increased by 16% from $7,974,260 to $9,239,984 in the last year. Over the last two years, the drop in sales volume was 36%.

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