With the exception of one submarket, all of the Atlanta in DeKalb neighborhoods had positive increases in Average Sales Prices when compared with last month’s survey. Four of the eight submarkets showed improvement in Average Days on the Market, a sign that agents and sellers are doing a good job of pricing listings. One neighborhood had increased sales volume, one remained unchanged and six had decreases in the Number of Units Sold.
Candler Park’s Average Sales Price was $433,893 an 11% fall from last year and a slight increase over January’s number. The Number of Days on the Market in Candler Park fell by 27% from 60 to 44. The Number of Units Sold increased from 46 to 47. Overall, Candler Park’s real estate picture is better than most.
The Druid Hills submarket had a 9% decrease in Average Sales Price, from $689,858 last year to $626,034 in 2009. The Average Days on the Market fell from 82 to 69 days, a drop of 16%. The Number of Units Sold dropped from 85 last year to 73, a fall of 14%.
East Atlanta suffered an 11% drop in Average Sales Price- from $228,336 to $202,869. The Number of Days on the Market stretched out from 61 to 74, an increase of 21%.
127 properties sold in the last 12 months compared to 141 in the prior year, a fall of 10%.
In East Lake, the Average Sales Price fell by 21% from $273,270 in ’07-’08 to $216,303 this year. The Number of Days on the Market increased from 72 to 93 or 29%. The Number of Units Sold fell by 11% from 62 last year to 55 in the last 12 months.
Edgewood had a 22% decrease in Average Sales Price, a fall from $193,416 to $150,419 at present. The Average Number of Days on the Market fell from 81 to 64, a drop of 21%. The Number of Units Sold fell by 12% from 57 to 50.
The Kirkwood submarket had a 13% decrease in Average Sales Price from $268,986 last year to $233,962 over the last 12 months. The Number of Days on the Market increased 15% from 59 to 68. The Number of Units Sold increased from 150 to 154. A good sign for the neighborhood.
Lake Claire had the most robust market among the Atlanta in DeKalb neighborhoods. The Average Sales Price increased by 7% from $429,738 in ’07-’08 to $460,419 this year. The Average Days on the Market fell by 22% from 63 to 49 days. The Number of Units Sold fell by 25% from 48 to 36.
Our next posting will cover the Intown North submarkets.