Tuesday, February 2, 2010
Friday, January 29, 2010
January 2010 Tri-Cities Residential Market Survey
College Park was the winner and Hapeville narrowly beat out East Point for second place for the dubious honor of the market that lost the highest percentage of Average Sales Price over the last 12 months. All of the markets experienced a decline in the Number of Units Sold. The decline in Sales Volume was nearing 50% in both College Park and Hapeville. The only bright spot for the Tri-Cities markets was that all of the markets had a drop in the Average Number of Days on the Market.
Here are the results from our January 2010 Market Survey for the Tri-Cities:
College Park suffered a 40% decline in Average Sales Price from $209,448 in 2008 to $126,525 in 2009. The Average Number of Days on the Market fell from 138 days to 98 days, a decrease of 29%. The Number of Units Sold fell from 60 to 54 or about 10%.
The Annual Sales Volume in College Park dropped by 46% from $12,566,880 to $6,832,350 over the last year.
The East Point market had a 29% decline in Average Sales Price from $83,207 to $59,009 in the last twelve months. The Average Number of Days on the Market went from 107 to 87 or a 19% decline. The Number of Units Sold dropped from 245 in ‘08 to 225 in ’09, a decline of 8%. Annual Sales Volume in East Point suffered a 35% decline from $20,385,715 in 2008 to $13,277,025 in 2009.
Hapeville’s Average Sales Price was down from $122,385 in 2008 to $84,598 or 31% over the last year. The Number of Days on the Market fell from 93 to 81 during 2009 or 13%. The Number of Units Sold declined from 37 to 28, a drop of 24% and Annual Sales Volume fell by 48% from $4,528,245 to $2,368,744 over the 12 months of 2009.
Here are the results from our January 2010 Market Survey for the Tri-Cities:
College Park suffered a 40% decline in Average Sales Price from $209,448 in 2008 to $126,525 in 2009. The Average Number of Days on the Market fell from 138 days to 98 days, a decrease of 29%. The Number of Units Sold fell from 60 to 54 or about 10%.
The Annual Sales Volume in College Park dropped by 46% from $12,566,880 to $6,832,350 over the last year.
The East Point market had a 29% decline in Average Sales Price from $83,207 to $59,009 in the last twelve months. The Average Number of Days on the Market went from 107 to 87 or a 19% decline. The Number of Units Sold dropped from 245 in ‘08 to 225 in ’09, a decline of 8%. Annual Sales Volume in East Point suffered a 35% decline from $20,385,715 in 2008 to $13,277,025 in 2009.
Hapeville’s Average Sales Price was down from $122,385 in 2008 to $84,598 or 31% over the last year. The Number of Days on the Market fell from 93 to 81 during 2009 or 13%. The Number of Units Sold declined from 37 to 28, a drop of 24% and Annual Sales Volume fell by 48% from $4,528,245 to $2,368,744 over the 12 months of 2009.
Wednesday, January 27, 2010
Jan '10 Adams Realtors Intown Atlanta Market Survey-Central DeKalb Cities
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.
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.
Saturday, January 23, 2010
Adams Realtors Jan '10 Intown Atlanta North Market Survey
In the January 2010 Adams Realtors Intown North Market Survey, Midtown was the only market that had a positive year over year increase in Average Sales Price. Ansley Park, Midtown and Poncey Highland were the only markets that experienced a fall in the Days on the Market category. Poncey Highland and Ansley Park were the only markets that did not suffer a drop in the Number of Units Sold and all of the markets experienced a decline in Annual Sales Volume.
Here are the results of our January 2010 survey of Intown North markets:
The Ansley Park market had a 9% decrease in Average Sales Price with an Average Sales Price of $990,973 in 2008 and $897,074 in 2009. The Average Number of Days on the Market fell from 115 to 104 or 10%. The Number of Units Sold was unchanged at 23 units in each of the last two years. Annual Sales Volume decreased by 9% from $22,788,239 in 2008 to $20,632,702 in 2009.
Inman Park’s Average Sales Price fell from $489,993 to $441,376, a decline of 10%. The Average Number of Days on the Market increased from 75 to 76, an increase of 1%. The Number of Units Sold was off by 14%, from 29 to 25. Annual Sales Volume in this market decreased from $14,209,797 in ’08 to $11,034,400 in ’09 or a drop of 22%.
Midtown’s Average Sales Price increased by 2%-$547,714 to $556,060. Average Days on the Market declined by 6% from 67 to 63 and the Number of Units Sold fell by 52% from 31 to 15 in the last 12 months. Annual Sales Volume was down by 51% from $16,979,134 to $8,340,900 over the last year.
Morningside had a 4% drop in Average Sales Price from $651,693 in 2008 to $625,872 in 2009. The Average Number of Days on the Market rose by 19% over last year from 78 to 93. The Number of Units Sold dropped by 29% from 146 in ’08 to 104 in ’09. Annual Sales Volume in Morningside fell from $95,147,178 to $65,090,688- a 32% decrease from last year.
The Poncey Highland market had a fall in Average Sale Price from $407,980 to $394,260, a decline of 3%. The Average Number of Days on the Market was down by 59% from 142 to 58 days. The Number of Units Sold was unchanged over the last two years at 5 units per year. Annual Sales Volume fell from $2,039,900 to $1,971,300, a decline of 3%.
The Virginia-Highland market experienced a 15% decline in Average Sales Price-$663,075 to $563,829. The Average Number of Days on the Market increased by 18% from 66 to 78 and the Number of Units Sold declined from 82 in ’08 to 78 in ’09, a decrease of 5%. Annual Sales Volume fell by 19% from $54,372,150 in 2008 to $43,978,662 in 2009.
Our next posting will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake along with five City of Decatur neighborhoods.
Here are the results of our January 2010 survey of Intown North markets:
The Ansley Park market had a 9% decrease in Average Sales Price with an Average Sales Price of $990,973 in 2008 and $897,074 in 2009. The Average Number of Days on the Market fell from 115 to 104 or 10%. The Number of Units Sold was unchanged at 23 units in each of the last two years. Annual Sales Volume decreased by 9% from $22,788,239 in 2008 to $20,632,702 in 2009.
Inman Park’s Average Sales Price fell from $489,993 to $441,376, a decline of 10%. The Average Number of Days on the Market increased from 75 to 76, an increase of 1%. The Number of Units Sold was off by 14%, from 29 to 25. Annual Sales Volume in this market decreased from $14,209,797 in ’08 to $11,034,400 in ’09 or a drop of 22%.
Midtown’s Average Sales Price increased by 2%-$547,714 to $556,060. Average Days on the Market declined by 6% from 67 to 63 and the Number of Units Sold fell by 52% from 31 to 15 in the last 12 months. Annual Sales Volume was down by 51% from $16,979,134 to $8,340,900 over the last year.
Morningside had a 4% drop in Average Sales Price from $651,693 in 2008 to $625,872 in 2009. The Average Number of Days on the Market rose by 19% over last year from 78 to 93. The Number of Units Sold dropped by 29% from 146 in ’08 to 104 in ’09. Annual Sales Volume in Morningside fell from $95,147,178 to $65,090,688- a 32% decrease from last year.
The Poncey Highland market had a fall in Average Sale Price from $407,980 to $394,260, a decline of 3%. The Average Number of Days on the Market was down by 59% from 142 to 58 days. The Number of Units Sold was unchanged over the last two years at 5 units per year. Annual Sales Volume fell from $2,039,900 to $1,971,300, a decline of 3%.
The Virginia-Highland market experienced a 15% decline in Average Sales Price-$663,075 to $563,829. The Average Number of Days on the Market increased by 18% from 66 to 78 and the Number of Units Sold declined from 82 in ’08 to 78 in ’09, a decrease of 5%. Annual Sales Volume fell by 19% from $54,372,150 in 2008 to $43,978,662 in 2009.
Our next posting will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake along with five City of Decatur neighborhoods.
Wednesday, January 20, 2010
2010 Atlanta in DeKalb Neighborhoods Market Survey
Edgewood continues to be the only Atlanta in DeKalb neighborhood with a year over year increase in Average Sales Price. The East Lake and Kirkwood markets continued to experience a decline in the Average Days on the Market. All of the markets experienced a decline in the Number of Units Sold and in Annual Sales Volume.
Here are the results of the January 2010 survey:
Candler Park had a 3% decline in Average Sales Price over the last year-$442,388 in 2008 to $430,369 in 2009. The Average Number of Days on the Market increased dramatically by 152% from 44 to 111. The Number of Units Sold was off by 6% from 51 in 2008 to 48 in the last year. Annual Sales Volume was down 8%-$22,561,686 to $20,657,712 in the 12 months of ‘09.
The Druid Hills market had a fall in Average Sales Price from $628,750
to $593,579 in 2009, a drop of 6%. The Average Number of Days on the Market
was up by 32% from 68 to 90. The Number of Units Sold fell from 78
to 50 in 2009, a decline of 36%. Annual Sales Volume was down by
39% from $49,042,500 in ‘08 to $29,678,950 in ‘09.
East Atlanta had a 17% decrease in Average Sales Price-$206,958 to $172,491.
Average Days on the Market was up by 10% from 70 to 77 days. East Atlanta had a 3% fall in the Number of Units Sold-120 in 2008 to 116 in 2009. Annual Sales Volume fell by 19% from $24,834,960 in ‘08 to $20,008,956 in ‘09.
The East Lake market had a 10% decrease in Average Sales Price from $221,726 to $199,110. The Average Number of Days on the Market dropped from 94 to 52, a fall of 45%. The Number of Units Sold was down by 29% from 56 to 40 in 2009. Annual Sales Volume in the market dropped by 36%-$12,416,656 to $7,964,400
Edgewood had an increase in Average Sales Price of 8% from $149,514 to $162,163. Average Days on the Market increased by 22% from 63 to 77. The Number of Units Sold declined from 53 in 2008 to 47 in 2009, a drop of 11%. Annual Sales Volume fell from $7,924,242 in 2008 to $7,621,661 in 2009, a decrease of 4%.
Kirkwood experienced a decrease in Average Sales Price of 5%-$232,678 to $221,590. The Average Number of Days on the Market was down from 67 to 63 or 6%. The Number of Units Sold declined by 17% from 155 to 129 and Annual Sales Volume fell by 21%-$36,065,090 in ‘08 to $28,585,110 in ‘09.
The Lake Claire market had a fall of 8% in Average Sales Price from $447,408 to $410,658. The Average Number of Days on the Market was up by 98% from 50 to 99 and the Number of Units Sold fell by 35% from 37 in 2008 to 24 in 2009. Annual Sales Volume for the market was off by 40% from $16,554,096 to $9,855,792 in the 12 months of 2009.
We will look at the results from the Intown North markets in our next posting
Here are the results of the January 2010 survey:
Candler Park had a 3% decline in Average Sales Price over the last year-$442,388 in 2008 to $430,369 in 2009. The Average Number of Days on the Market increased dramatically by 152% from 44 to 111. The Number of Units Sold was off by 6% from 51 in 2008 to 48 in the last year. Annual Sales Volume was down 8%-$22,561,686 to $20,657,712 in the 12 months of ‘09.
The Druid Hills market had a fall in Average Sales Price from $628,750
to $593,579 in 2009, a drop of 6%. The Average Number of Days on the Market
was up by 32% from 68 to 90. The Number of Units Sold fell from 78
to 50 in 2009, a decline of 36%. Annual Sales Volume was down by
39% from $49,042,500 in ‘08 to $29,678,950 in ‘09.
East Atlanta had a 17% decrease in Average Sales Price-$206,958 to $172,491.
Average Days on the Market was up by 10% from 70 to 77 days. East Atlanta had a 3% fall in the Number of Units Sold-120 in 2008 to 116 in 2009. Annual Sales Volume fell by 19% from $24,834,960 in ‘08 to $20,008,956 in ‘09.
The East Lake market had a 10% decrease in Average Sales Price from $221,726 to $199,110. The Average Number of Days on the Market dropped from 94 to 52, a fall of 45%. The Number of Units Sold was down by 29% from 56 to 40 in 2009. Annual Sales Volume in the market dropped by 36%-$12,416,656 to $7,964,400
Edgewood had an increase in Average Sales Price of 8% from $149,514 to $162,163. Average Days on the Market increased by 22% from 63 to 77. The Number of Units Sold declined from 53 in 2008 to 47 in 2009, a drop of 11%. Annual Sales Volume fell from $7,924,242 in 2008 to $7,621,661 in 2009, a decrease of 4%.
Kirkwood experienced a decrease in Average Sales Price of 5%-$232,678 to $221,590. The Average Number of Days on the Market was down from 67 to 63 or 6%. The Number of Units Sold declined by 17% from 155 to 129 and Annual Sales Volume fell by 21%-$36,065,090 in ‘08 to $28,585,110 in ‘09.
The Lake Claire market had a fall of 8% in Average Sales Price from $447,408 to $410,658. The Average Number of Days on the Market was up by 98% from 50 to 99 and the Number of Units Sold fell by 35% from 37 in 2008 to 24 in 2009. Annual Sales Volume for the market was off by 40% from $16,554,096 to $9,855,792 in the 12 months of 2009.
We will look at the results from the Intown North markets in our next posting
Saturday, January 16, 2010
January 2010 Intown South Residential Market Survey
In our January 2010 survey of the Intown South neighborhoods Ormewood Park, once again, was the only neighborhood with an increase in the Number of Units Sold and Annual Sales Volume. Grant Park was the only market that did not have an increase in the Number of Days on the Market. All of the markets had a decline in Average Sales Price and Grant Park, Cabbagetown and Reynoldstown each suffered through a 20% plus decline in Annual Sales Volume.
Here is a market by market analysis for January 2010:
Cabbagetown’s market had a 10% decrease in Average Sales Price from $241,627 in 2008 to $216,291 in 2009. The Average Number of Days on the Market was up from 45 to 71, an increase of 58%. The Number of Units Sold was dropped by 20% from 15 to 12. Annual Sales Volume was down from $3,624,405 to $2,595,492, a fall of 28%.
The Grant Park market fell 6% in Average Sales Price over calendar year 2009 going from $263,265 to $248,615. Average Number of Days on the Market remained at 84 days over the last two year period. The Number of Units Sold was off by 19% from 118 in 2008 to 95 in 2009. Annual Sales Volume in Grant Park fell by 24% from $31,065,270 in ’08 to $23,615,425 in 2009.
Ormewood Park’s Average Sales Price was down 10% in the last year, from $241,972 to $217,160. The Average Number of Days on the Market increased from 58 days to 70 days or 21%. The Number of Units Sold was up by 14% from 66 to 75. Annual Sales Volume grew by 2% with $15,970,152 in 2008 to $16,287,000 in 2009.
The Reynoldstown market experienced a 16% decline in Average Sales Price, from $202,355 to $170,130 over the last 12 months. The Average Number of Days on the Market was up by 7% from 61 to 65. The Number of Units Sold was down by 14% from 36 in’08 to 31 in ’09. Annual Sales Volume in Reynoldstown was off by 28% from $7,284,780 to $5,274,030 in 2009.
Our next posting will cover the Atlanta in DeKalb markets.
Here is a market by market analysis for January 2010:
Cabbagetown’s market had a 10% decrease in Average Sales Price from $241,627 in 2008 to $216,291 in 2009. The Average Number of Days on the Market was up from 45 to 71, an increase of 58%. The Number of Units Sold was dropped by 20% from 15 to 12. Annual Sales Volume was down from $3,624,405 to $2,595,492, a fall of 28%.
The Grant Park market fell 6% in Average Sales Price over calendar year 2009 going from $263,265 to $248,615. Average Number of Days on the Market remained at 84 days over the last two year period. The Number of Units Sold was off by 19% from 118 in 2008 to 95 in 2009. Annual Sales Volume in Grant Park fell by 24% from $31,065,270 in ’08 to $23,615,425 in 2009.
Ormewood Park’s Average Sales Price was down 10% in the last year, from $241,972 to $217,160. The Average Number of Days on the Market increased from 58 days to 70 days or 21%. The Number of Units Sold was up by 14% from 66 to 75. Annual Sales Volume grew by 2% with $15,970,152 in 2008 to $16,287,000 in 2009.
The Reynoldstown market experienced a 16% decline in Average Sales Price, from $202,355 to $170,130 over the last 12 months. The Average Number of Days on the Market was up by 7% from 61 to 65. The Number of Units Sold was down by 14% from 36 in’08 to 31 in ’09. Annual Sales Volume in Reynoldstown was off by 28% from $7,284,780 to $5,274,030 in 2009.
Our next posting will cover the Atlanta in DeKalb markets.
Wednesday, January 13, 2010
January 2010 Adams Realtors Intown Atlanta Market Survey
The first 2010 Adams Realtors Intown Market Survey showed the decline in Average Sales Price for the overall market remaining constant (for the third month in a row) at 8%. For calendar year 2008, the Average Sales Price was $393,983. For the 12 months in 2009 the Average Sales Price was $362,248. This month’s Average Sales Price number was once again down from last month’s average by a less than 1% at .78%. These numbers seem to indicate that the rate of decline is approaching zero and the change in Average Sales Price will hopefully cross over into positive territory in the next few months.
The Average Days on the Market fell by 2% from 80 to 79- a good sign. The December report for the prior 12 months had 81 days as the average number of days on the market so this category continues to improve. The Number of Units Sold fell from 1,753 in 2008 to 1,461 in the last year, a decline of 17%. In December, the figure for the previous 12 months was 1,438. So 23 more units sold over the last 30 days than in the previous month, another positive indicator of an improving market.
Total Sales Volume for the market was down 27% from $582,220,175 in 2008 to $427,925,031 in 2009. This month’s Sales Volume number represented an increase of a tad over 1% from December’s annual total of $423,301,844.
For those of us looking for positive trend, the year over year numbers still paint a mostly negative picture. However, if you compare the changes over the last three months, the decline in Average Sales Price is approaching zero, the Number of Days on the Market is improving and the Number of Units Sold and Sales Volume has increased with each passing month
We will look at the various components of the overall market beginning with the Intown South neighborhoods in our next posting.
The Average Days on the Market fell by 2% from 80 to 79- a good sign. The December report for the prior 12 months had 81 days as the average number of days on the market so this category continues to improve. The Number of Units Sold fell from 1,753 in 2008 to 1,461 in the last year, a decline of 17%. In December, the figure for the previous 12 months was 1,438. So 23 more units sold over the last 30 days than in the previous month, another positive indicator of an improving market.
Total Sales Volume for the market was down 27% from $582,220,175 in 2008 to $427,925,031 in 2009. This month’s Sales Volume number represented an increase of a tad over 1% from December’s annual total of $423,301,844.
For those of us looking for positive trend, the year over year numbers still paint a mostly negative picture. However, if you compare the changes over the last three months, the decline in Average Sales Price is approaching zero, the Number of Days on the Market is improving and the Number of Units Sold and Sales Volume has increased with each passing month
We will look at the various components of the overall market beginning with the Intown South neighborhoods in our next posting.
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