In our March 2010 survey, Pine Lake was the only Central DeKalb city that had a gain in Average Sales Price. Avondale Estates had a tiny decline in Average Sales Price. The Number of Days on the Market fell in all three cities. Pine Lake and the Great Lakes and Oakhurst neighborhoods in Decatur were markets that experienced an increase in the Number of Units Sold. Those same three markets also experienced an increase in Annual Sales Volume.

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

Avondale Estates experienced a microscopic drop in Average Sales Price from $306,662 in 2008-09 to $306,432 in 2009-10. Average Days on the Market declined from 90 to 84 or 7% over the last year. The Number of Units Sold dropped from 62 to 45 or 27%. Annual Sales Volume declined by 27% from $19,013,044 to $13,789,440.

The City of Decatur market had a 5% decline in Average Sales Price from $389,370 to $368,948 in the last year. Average Days on the Market fell from 68 to 60 or 12%. The Number of Units Sold dropped by 21% from 232 to 183. Annual Sales Volume in Decatur fell by 25% from $90,333,840 in 2008-09 to $67,517,484 in 2009-10.

The Pine Lake market experienced a 3% increase in Annual Sales Price from $128,533 in ’08-‘09 to $132,925 in ’09-‘10. The Average Days on the Market in Pine Lake declined by 13% from 108 days to 94 days. The Number of Units Sold was up from 12 units per year in 2008-09 to 14 units in ’09-‘10. Annual Sales Volume increased 33% from $1,542,396 to $1,860,950 in the last year.

The Decatur neighborhood of Glenwood Estates had a less than 1% increase in Average Sales Price from $507,750 to $508,562. The Average Days on the Market fell from 65 days to 58 days or 11%. Glenwood Estates experienced no increase in the Number of Units Sold, holding steady at 8 units in each of the last two years. Annual Sales Volume also remained steady at $4,062,000 in ’08-‘09 to $4,068,496 in ’09-‘10.

The Great Lakes market had a 27% increase in Average Sales Price from $426,680 in 2008-09 to $542,785 in 2009-10. The Average Number of Days on the Market was up by 59% from 68 to 108. The Number of Units Sold increased by 40% from last year from 5 to 7 houses. Annual Sales Volume was up by 78% from $2,133,400 to $3,799,495 in the last twelve months.

The Oakhurst neighborhood had a 2% rise in Average Sales Price from $362,203 in ’08-‘09 to $353,796 in ’09-‘10. The Average Number of Days on the Market fell by 3% from 64 to 62. The Number of Units Sold went from 73 to 77 units per year. Annual Sales Volume was up by 3% from $26,444,819 to $27,242,292 in the last 12 months.

The Winnona Park market had a 20% drop in Average Sales Price from $445,862 in 2008-09 to $358,913 in 2009-10. The Average Days on the Market declined by 1% from 85 to 84. The Number of Units Sold decreased from 36 to 20 or 44% in the last year. Annual Sales Volume fell by 55% from $16,051,032 to $7,178,260 in the last year.

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