Edgewood was, for the third month in a row, the only Atlanta in DeKalb neighborhood with a year over year increase in Average Sales Price. As was the case in November, the East Lake and Kirkwood markets experienced a decline in Average Days on the Market. Candler Park was the only market that did not experience a decline in the Number of Units Sold. All of the markets experienced a decline in Annual Sales Volume, with Candler Park the only neighborhood not suffering through a double digit percentage drop in Sales Volume.

Here are the results of the December 2009 survey:

Candler Park had a 6% decrease in Average Sales Price over the last 12 months-$449,687 in ’07-’08 to $423,965 in ’08-’09. The Average Number of Days on the Market was up by 144% from 43 to 105. The Number of Units Sold was up by 4% from 49 in ’07-’08 to 51 in the last year. Annual Sales Volume was down just 2%-$22,034,663 to $21,622,215 in the last 12 months.

The Druid Hills market experienced a fall in Average Sales Price from $624,144
to $568,380 in ’08-’09, a drop of 9%. The Average Number of Days on the Market
increased by 40% from 68 to 95. The Number of Units Sold fell from 82
to 47 over the last year, a decline of 43%. Annual Sales Volume was off by
48% from $51,179,808 in ’07-‘08 to $26,713,200 in ’08-’08.

East Atlanta had a 15% decline in Average Sales Price-$209,174 to $178,670.
Average Days on the Market was up by 7% from 71 to 76 days and East Atlanta had an 11% fall in the Number of Units Sold-119 in ’07-’08 to 106 in ’08-’09. Annual Sales Volume dropped by 24% from $24,891,706 to $18,939,020 in the last year.

The East Lake market had a 3% decline in Average Sales Price from $216,088 to $209,247. The Average Number of Days on the Market fell from 95 to 55, a decrease of 42%. The Number of Units Sold was down by 21% from 53 to 42 in the last year. Annual Sales Volume in the market declined by 23%-$11,452,664 to $8,788,374

Edgewood experienced an increase in Average Sales Price of 5% from $149,652 to $157,200. Average Days on the Market was up by 25% from 64 to 80. The Number of Units Sold fell from 54 in ’07-’08 to 46 in ’08-’09, a decrease of 15%. Annual Sales Volume fell from $8,081,208 to $7,231,200 over the last 12 months, a decline of 15%.

Kirkwood had a drop in Average Sales Price of 10%-$242,340 to $217,660. The Average Number of Days on the Market fell from 66 to 64or 3%. The Number of Units Sold fell by 19% from 161 to 130 and Annual Sales Volume fell by 27%-$39,016,740 to $28,295,800 over the past year.

The Lake Claire market had a decline of 3% in Average Sales Price from $437,078 to $423,450. The Average Number of Days on the Market climbed by 80% from 50 to 90 and the Number of Units Sold dropped by 44%% from 43 in ’07-’08 to 24 in’08-’09. Annual Sales Volume for the market was down by 46% from $18,794,354 to $10,162,800 in the last 12 months.

We will look at the results from the Intown North markets in our next posting.