In our January 2010 survey, Pine Lake was the only Central DeKalb city that had a gain in Average Sales Price. The Number of Days on the Market was down in Decatur, Pine Lake and Avondale Estates. Pine Lake and the Great Lakes neighborhood in Decatur were markets that experienced an increase in the Number of Units Sold while Oakhurst was unchanged. Great Lakes and Oakhurst 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 January 2010 survey:

Avondale Estates suffered a 7% drop in Average Sales Price from $317,061 in 2008 to $296,252 in 2009. Average Days on the Market dropped by 4 days from 88 to 84 over the last year. The Number of Units Sold decreased from 61 to 52 or 16%. Annual Sales Volume dropped by 22% from $19,340,721 to $15,108,852.

The City of Decatur market suffered a 1% decline in Average Sales Price from $382,776 to $378,856 last year. Average Days on the Market fell from 67 to 60 or 10%. The Number of Units Sold dropped by 28% from 238 to 172. Annual Sales Volume in Decatur declined by 28% from $91,100,688 in 2008 to $65,163,232 in 2009.

The Pine Lake market had a 10% increase in Annual Sales Price from $128,881 in ‘08 to $141,332 in ’09. The Average Days on the Market in Pine Lake fell by 27% from 106 days to 77 days. The Number of Units Sold was up from 11 units per year in 2008 to 14 units in ’09. Annual Sales Volume increased 40% from $1,417,691 to $1,978,300 in the last year.

The Decatur neighborhood of Glenwood Estates experienced a 14% increase in Average Sales Price from $480,766 to $549,642. The Average Days on the Market fell from 62 days to 59 days or 5%. Glenwood Estates had a 22% decrease in the Number of Units Sold from 9 to 7. Annual Sales Volume was down by 11% from $4,326,894 in ‘08 to $3,847,494 in ‘09.

The Great Lakes market had a 29% increase in Average Sales Price from $409,280 in 2008 to $529,312 in 2009. The Average Number of Days on the Market increased by 45% from 67 to 97. The Number of Units Sold was up by 60% from last year- from 5 to 8 houses. Annual Sales Volume was up by 107% from $2,046,400 to $4,234,496 in this last twelve months.

The Oakhurst neighborhood had a 4% increase in Average Sales Price from $345,277 in ’08 to $359,131 in ’09. The Average Number of Days on the Market decreased by 9% from 64 to 58. The Number of Units Sold was unchanged over the two year period at 75 units per year. Annual Sales Volume was up by 4% from $25,895,775 to $26,934,825 in the last 12 months.

The Winnona Park market had a 16% fall in Average Sales Price from $449,810 in 2008 to $379,138 in 2009. The Average Days on the Market increased by 13% from 80 to 90. The Number of Units Sold declined from 33 to 20 or 39% in the last year. Annual Sales Volume dropped by 49% from $14,843,730 to $7,582,760 in the twelve months of 2009.

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