According to our October 2010 survey, all of the Central DeKalb markets, except Avondale Estates, had a year over year drop in Average Sales Price. The Number of Days on the Market was down in Decatur and Avondale Estates and up in Pine Lake. Pine Lake and Decatur, as well as the Decatur neighborhoods of Oakhurst and Glenwood Estates, were markets that experienced an increase in the Number of Units Sold over the last year. Pine Lake, 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 October 2010 survey:

Avondale Estates experienced a decrease in Average Sales Price from $299,675 in 2008-09 to $291,675 in 2009-10 a fall of 3%. The change from ’07 was negative 8% Average Number of Days on the Market declined from 93 to 67 or 28% over the last year. The Number of Units Sold dropped from 53 to 44 or 17% and the decline since 2007 was 23%. Annual Sales Volume declined by 19% from $15,882,775 to $12,643,688 from ’08-’09 to ’09- ’10 and down 29% from 2007.

The City of Decatur market had an 8% decline in Average Sales Price from $387,099 to $356,824 in the last year. Since 2007 prices in Decatur are down by 5%. Average Days on the Market fell from 59 to 57 or 3%. The Number of Units Sold was up by 22% from 165 to 201 over the last 12 months. Looking back 24 months, the number of units sold was off by 20%. Annual Sales Volume in Decatur increased by 12% from $63,871,335 in 2008-09 to $71,721,624 in 2009-10. Sales Volume is off 24% from 2007-08’s number.

The Pine Lake market experienced a 10% decrease in Average Sales Price from $155,516 in ’08-‘09 to $139,860 in ’09-‘10. Over the last 24 months, the Average Sales Price increased by 27%. The Average Days on the Market increased by 5% from 84 days to 88 days. The Number of Units Sold was up from 11 units per year in 2008-09 to 15 units in ’09-’10, an increase of 36%. Annual Sales Volume increased 23% from $1,710,676 to $2,097,900 in the last year and up 112% over the last two years.

The Decatur neighborhood of Glenwood Estates had an 11% decrease in Average Sales Price from $502,500 to $486,500. Over a two year period, the Average Sales Price was up 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 26% decrease in Average Sales Price from $567,785 in 2008-09 to $471,800 in 2009-10. This market was down 9% over the two year period. The Average Number of Days on the Market was down by 67% from 109 days to 36 days. The Number of Units Sold dropped from 7 to 6 units in the last year. Annual Sales Volume was down by 37% from $3,974,495 to $2,506,800 in the last twelve months. Over the last 24 months, Annual Sales Volume was down 9%.

The Oakhurst neighborhood had a 2% fall in Average Sales Price from $361,737 in ’08-‘09 to $354,069 in ’09-‘10. The average was up 2% over the last two years. The Average Number of Days on the Market was down 8% from 64 to 59. The Number of Units Sold went from 67 to 77 units per year or an increase of 15%. This number was down 8% from 2007-08. Annual Sales Volume was up by 12% from $24,236,379 to $27,263,313 in the last 12 months. Since 2007-08, sales volume has fallen by 6%.

The Winnona Park market had a 22% drop in Average Sales Price from $444,076 in 2008-09 to $344,864 in 2009-10. In 2007-08, the Average Sales Price was $424,477. The Average Days on the Market declined by 36% from 110 to 70. The Number of Units Sold increased from 22 to 25 or 14% in the last 12 months. Since 2007-08, transactions are off by 14%. Annual Sales Volume fell by 12% from $9,769,672 to $8,621,600 in the last year. Over the last two years, the drop in sales volume was 12%.

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