In our February 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 and Pine Lake and up in Decatur. The City of Decatur and its Oakhurst and Winnona Park neighborhoods were, once again, this month, markets that experienced an increase in the Number of Units Sold over the last year. Winnona Park and the City of Decatur were also markets that had an increase in Annual Sales Volume in the last 12 months.

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

Avondale Estates experienced a tiny decrease in Average Sales Price from $294,721 in 2009-10 to $294,146 in the last 12 months. The change from 2008-09 was negative 7% Average Number of Days on the Market declined from 82 to 73 or 11% over the last year. The Number of Units Sold dropped from 50 to 45 or 10% and the decline since 2008-09 was 32%. Annual Sales Volume declined by 10% from $14,736,050 in 2009-10 to $13,236,570 in 2010-11 and down 37% from 2008-09.

The City of Decatur market had a 6% decline in Average Sales Price from $374,235 to $350,191 in the last year. Since 2008-09 prices in Decatur are down by 10%. Average Days on the Market increased slightly over the last year from 59 to 60 days. The Number of Units Sold was up by 9% from 186 to 202 over the last 12 months. Looking back 24 months, the number of units sold was off by 25%. Annual Sales Volume in Decatur increased by 2% from $69,607,710 in 2009-10 to $70,738,582 in 2010-11. Sales Volume is down 33% from 2008-09’s number of $104,967,900.

The Pine Lake market experienced a 2% increase in Average Sales Price from $132,376 in ’09-‘10 to $135,281 in the last 12 months. Over the last 24 months, the Average Sales Price was off 13%. The Average Days on the Market decreased from 96 days to 89 days. The Number of Units Sold was 11 units in the last year, down from 15 in 2009-10. In 2008-09, 17 units sold. Annual Sales Volume decreased by 25% from $1,985,640 to $1,487,398 in the last year and it is down 44% 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 dropped 10%. 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. 5 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 10%.

The Great Lakes market had a 17% decrease in Average Sales Price from $542,785 in 2008-09 to $449,360 in 2010-11. This market was down 7% from 2008-09. The Average Number of Days on the Market was down by 63% from 108 days to 40 days. The Number of Units Sold dropped from 7 to 5 units in the last year. Annual Sales Volume was down by 41% from $3,799,495 to $2,246,800 in the last twelve months. Over the last 24 months, Annual Sales Volume was off by 61%.

The Oakhurst neighborhood had a 3% fall in Average Sales Price from $357,529 in ’09-10 to $348,354 in the last year. The average was down by 7% since 2008-09. The Average Number of Days on the Market was the same, 58 days, in both 2009-10 and 2010-11. The Number of Units Sold went from 79 to 81 units per year or an increase of 3%. This number was down 19% from 2008-09. Annual Sales Volume decreased by 1% from $28,244,791 to $28,054,674 in the last 12 months. Since 2008-09, sales volume has dropped by 25%.

The Winnona Park market had a 1% rise in Average Sales Price from $367,989 in 2009-10 to $371,021 in the last 12 months. In 2008-09, the Average Sales Price was $403,086. The Average Days on the Market declined by 7% from 90 to 84. The Number of Units Sold rose from 21 to 23 or 10% in the last 12 months. Since 2008-09 sales were down by 23%. Annual Sales Volume increased by 10% from $7,727,769 to $8,533,483 in the last year. Over the last two years, the drop in sales volume was 29%.

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