For the first time in the last two years, the City of Decatur slipped into negative territory in year over year Average Sales Price. Pine Lake was the only Central DeKalb city that had a gain in Average Sales Price. Again this month, the Number of Days on the Market was down in Decatur and Pine Lake and up slightly in Avondale Estates. The Great Lakes neighborhood in Decatur was the only market that experienced an increase in the Number of Units Sold and Great Lakes along with the City of Pine Lake were the only markets that experienced an increase in Annual Sales Volume.

Here are the results of our Adams Realtors December 2009 survey:

Avondale Estates experienced a 6% drop in Average Sales Price from $318,132 in ’07-’08 to $298,189 in ’08-’09. Average Days on the Market was up by 3 days from 86 to 89 over the last year. The Number of Units Sold dropped from 58 to 52 or 10%. Annual Sales Volume declined by 16% from $18,451,656 to $15,505,828.

The City of Decatur market suffered a 2% decrease in Average Sales Price from $390,800 to $381,509 in the last year. Average Days on the Market fell from 67 to 59 or 12%. The Number of Units Sold declined by 30% from 242 to 170. Annual Sales Volume in Decatur fell by 31% from $94,573,600 in ’07-’08 to $64,856,530 in ’08-’09.

The Pine Lake market experienced a 10% price increase in Annual Sales Price from $128,881 in ’07-‘08 to $141,786 in ’08-’09. The Average Days on the Market in Pine Lake dropped by 32% from 106 days to 72 days. The Number of Units Sold stayed the same at 11 units per year over the last two years. Annual Sales Volume increased 10% from $1,417,691 to $1,559,646 in the last twelve months.

The Decatur neighborhood of Glenwood Estates had a 2% decrease in Average Sales Price from $471,590 to $464,250. The Average Days on the Market dropped from 70 days to 45 days or 36%. Glenwood Estates had a 40% decline in the Number of Units Sold from 10 to 6. Annual Sales Volume dropped by 41% from $4,715,900 in ’07-‘08 to $2,785,500 in the last 12 months.

The Great Lakes market had a 29% increase in Average Sales Price from $409,280 in ’07-’08 to $529,312 in ’08-’09. The Average Number of Days on the Market was up by 45% from 67 to 97. The Number of Units Sold increased by 60% from last year from 5 to 8 houses. Annual Sales Volume was up a dramatic 107% from $2,046,400 to $4,234,496 in this last year.

The Oakhurst neighborhood experienced a 5% increase in Average Sales Price from $344,705 in ’07-’08 to $360,401 in ’08-’09. The Average Number of Days on the Market fell by 17% from 64 to 63. The Number of Units Sold declined 10% from 78 to 70 and Annual Sales Volume was off by 6% from $26,886,990 to $25,228,070 in the last 12 months.

The Winnona Park market had an 11% drop in Average Sales Price from $447,976 in ’07-’08 to $398,713 in ’08-’09. The Average Days on the Market was up by 36% from 76 to 103. The Number of Units Sold dropped from 32 to 20 or 38% in the last year. Annual Sales Volume fell by 44% from $14,335,232 to $7,974,260 in the last year.

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