Atlanta’s Intown North market for the second consecutive month had only one neighborhood on the plus side in the Average Sales Price category. Three of the six neighborhoods experienced a double digit decrease in Average Sales Price. Three of the six markets had a drop in the Number of Days on the Market (a good thing!). Five of the six markets had a drop in the Number of Units Sold and only one experienced an increase in Annual Sales Volume.

Here are the results of our July 2009 survey on a market by market basis for Intown North:

The Ansley Park market had a 7% rise in Average Sales Price with an Average Sales Price of $1,031,198 in ’07-’08 and $1,102,095 in ’08-’09. The Average Number of Days on the Market fell from 101 to 93, a drop of 8%. The Number of Units Sold fell by 28% from 29 to 21 in the last 12 months. Annual Sales Volume fell by 23% from $29,904,742 to $23,145,865 in ’08-‘09.

Inman Park’s Average Sales Price dropped from $547,377 to $487,910, a decrease of 11%. The Average Number of Days on the Market went from 86 to 66, a decrease of 23%. The Number of Units Sold fell by 59%, from 37 to 15 and Annual Sales Volume decreased from $20,252,949 in ’07-’08 to $7,318,650 in ’08-’09 or a fall of 64%.

The Midtown market’s Average Sales Price had a decrease of 17%-$614,993 to $511,855. Average Days on the Market grew by 38% from 56 to 77 and the Number of Units Sold fell by 39% from 31 to 19 in the last year. Annual Sales Volume fell by 49% from $19,064,783 to $9,725,245 in the last year.

Morningside had a 7% fall in Average Sales Price from $691,619 in ’07-‘08 to $640,925 in ’08-‘09. The Average Number of Days on the Market decreased from 82 to 75, a drop of 9% while the Number of Units Sold fell by 29% from 147 in ’07-’08 to 104 in ’08-’09. Annual Sales Volume in Morningside fell from $101,667,993 to $66,656,200 or a 34% decrease from last year.

The Poncey Highland market experienced a small decrease in Average Sale Price from $398,342 to $395,525. The Average Number of Days on the Market increased by 26% from 90 to 113 days. The Number of Units Sold was up from 7 to 8 or 14% and Annual Sales Volume went from $2,788,394 to $3,164,200, an improvement of 13%.

The Virginia-Highland market experienced a 13% decline in Average Sales Price-$671,101 to $587,023. The Average Number of Days on the Market increased by 23% from 62 to 76 and the Number of Units Sold fell from 92 in ’07-’08 to 68 in ’08-’09, a decrease of 26%. Annual Sales Volume was down by 35% from $61,741,292 to $39,917,564 in the last 12 months.

Our next posting will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake along with five City of Decatur neighborhoods.