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.
Friday, December 18, 2009
Wednesday, December 16, 2009
Adams Realtors December '09 Intown Atlanta South Market Survey
In our December ’09 survey, all of the Intown South neighborhoods had a year over year decline in Average Sales Price. Grant Park was the only market with a decrease in the Number of Days on the Market. Ormewood Park was the only neighborhood showing a growth in the Number of Units Sold and Annual Sales Volume in all of the Intown South markets was off over the last twelve month ranging from 9% in Ormewood Park to 34% in Cabbagetown
Here is a market by market analysis for December 2009:
Cabbagetown’s market experienced a 10% drop in Average Sales Price from $242,760 in ’07-’08 to $219,590 in ’08-’09. The Average Number of Days on the Market grew from 35 to 92, an increase of 163%. The Number of Units Sold was down by 27% from 15 to 11. Annual Sales Volume fell from $3,641,400 to $2,415,490, a drop of 34%.
The Grant Park market had 1% decrease in Average Sales Price over the last 12 months going from $259,679 to $257,861. Average Number of Days on the Market decreased from 89 days to 83 days, a 7% drop. The Number of Units Sold fell by 24% from 124 in ’07-’08 to 94 in ’08-’09. Annual Sales Volume in Grant Park was off by 25% from $32,200,196 in ’07-’08 to $24,238,934 in the last year.
Ormewood Park’s Average Sales Price was down 11% in the last year, from $241,590 to $214,401. The Average Number of Days on the Market was up from 61 days to 70 days or 15%. The Number of Units Sold increased by 3% from 69 to 71 and Annual Sales Volume fell by 9% with $16,669,710 in ’07-’08 to $15,222,471 in ’08-’09.
The Reynoldstown market had a 9% decline in Average Sales Price, from $241,094 to $183,594 over the last year. The Average Number of Days on the Market increased by 16% from 64 to 75. The Number of Units Sold fell by 33% from 40 in ’07-’08 to 27 in ’08-’09. Annual Sales Volume in Reynoldstown was off by 39% from $8,083,760 to $4,957,038 in the last twelve months.
Our next posting will cover the Atlanta in DeKalb markets.
Here is a market by market analysis for December 2009:
Cabbagetown’s market experienced a 10% drop in Average Sales Price from $242,760 in ’07-’08 to $219,590 in ’08-’09. The Average Number of Days on the Market grew from 35 to 92, an increase of 163%. The Number of Units Sold was down by 27% from 15 to 11. Annual Sales Volume fell from $3,641,400 to $2,415,490, a drop of 34%.
The Grant Park market had 1% decrease in Average Sales Price over the last 12 months going from $259,679 to $257,861. Average Number of Days on the Market decreased from 89 days to 83 days, a 7% drop. The Number of Units Sold fell by 24% from 124 in ’07-’08 to 94 in ’08-’09. Annual Sales Volume in Grant Park was off by 25% from $32,200,196 in ’07-’08 to $24,238,934 in the last year.
Ormewood Park’s Average Sales Price was down 11% in the last year, from $241,590 to $214,401. The Average Number of Days on the Market was up from 61 days to 70 days or 15%. The Number of Units Sold increased by 3% from 69 to 71 and Annual Sales Volume fell by 9% with $16,669,710 in ’07-’08 to $15,222,471 in ’08-’09.
The Reynoldstown market had a 9% decline in Average Sales Price, from $241,094 to $183,594 over the last year. The Average Number of Days on the Market increased by 16% from 64 to 75. The Number of Units Sold fell by 33% from 40 in ’07-’08 to 27 in ’08-’09. Annual Sales Volume in Reynoldstown was off by 39% from $8,083,760 to $4,957,038 in the last twelve months.
Our next posting will cover the Atlanta in DeKalb markets.
Monday, December 14, 2009
Adams Realtors Intown Atlanta Market Survey for December 2009
The December 2009 Adams Realtors Intown Market Survey once again had the Average Sales Price for the overall market down by 8%. In 2007-2008 the Average Sales Price was $394,932. For the last 12 months the Average Sales Price was $365,108. This month’s Average Sales Price number was down from last month’s average by a little less that 1% (.9%). Last month, the Average Sales Price figure was up over October by about $100. It appears that we are bouncing along the bottom with one month being slightly positive and the next month being slightly negative. Let’s hope that this is the real bottom of the market and not a false bottom!
The Average Days on the Market was up by just 1% from 80 to 81. The November report for the prior 12 months had 84 days as the average number of days on the market so this category has improved slightly over the last 30 days. The Number of Units Sold fell from 1,781 in 2007-2008 to 1,438 in the last year, a drop of 19%. In November, the figure for the previous 12 months was 1,410. Thus, a good sign is the number of transactions from last month was up by almost 2%
Total Sales Volume for the market was down 29% from $597,488,145 in ’07-’08 to $423,301,844 in ’08-’09. This month’s Sales Volume number represented an increase of .95% from November’s annual total of $419,314,800.
The good news this month is that although the Average Sales Price fell slightly, the Number of Days on the market dropped by 3 days (a positive move) and the Number of Units Sold was up along with the Annual Sales Volume. What we are experiencing is the results of foreclosures and short sales putting some downward pressure on the Average Sales Price numbers and the tax credit stimulating more transactions than last year. I expect that the market will continue along this strange path for the next several months.
We will breakdown the overall market beginning with the Intown South neighborhoods in our next posting.
The Average Days on the Market was up by just 1% from 80 to 81. The November report for the prior 12 months had 84 days as the average number of days on the market so this category has improved slightly over the last 30 days. The Number of Units Sold fell from 1,781 in 2007-2008 to 1,438 in the last year, a drop of 19%. In November, the figure for the previous 12 months was 1,410. Thus, a good sign is the number of transactions from last month was up by almost 2%
Total Sales Volume for the market was down 29% from $597,488,145 in ’07-’08 to $423,301,844 in ’08-’09. This month’s Sales Volume number represented an increase of .95% from November’s annual total of $419,314,800.
The good news this month is that although the Average Sales Price fell slightly, the Number of Days on the market dropped by 3 days (a positive move) and the Number of Units Sold was up along with the Annual Sales Volume. What we are experiencing is the results of foreclosures and short sales putting some downward pressure on the Average Sales Price numbers and the tax credit stimulating more transactions than last year. I expect that the market will continue along this strange path for the next several months.
We will breakdown the overall market beginning with the Intown South neighborhoods in our next posting.
Monday, November 30, 2009
Sunday, November 22, 2009
The Tri-Cities of College Park, East Point and Hapeville-November '09 Market Survey
For the first time in our Tri-Cities markets survey, the percentage of decline in year over year Average Sales Price in College Park exceeded that of East Point. Those two markets along with Hapeville continued to move in a positive direction in the Days on the Market category. All three markets experienced a decline in the Number of Units Sold and Sales Volume was down in all of the markets
Here are the results from our November Market Survey for the Tri-Cities:
College Park had a 40% decline in Average Sales Price from $220,717 in ’07-’08 to $131,497 in ’08-’09. The Average Number of Days on the Market dropped from 140 days to 110 days a fall of 21%. The Number of Units Sold decreased from 61 to 52 or 15% and Annual Sales Volume fell by 49% from $13,463,737 to $6,837,844 over the last .12 months.
The East Point market had a 37% decline in Average Sales Price from $90,278 to $56,965 in the last year. The Average Number of Days on the Market fell from 106 to 88 or 17%. The Number of Units Sold fell slightly from 237 in ’07-’08 to 231 in ’08-’09, a decline of 3%. Annual Sales Volume in East Point was down by 38% from $21,395,886 in ’07-’08 to $13,158,915 in ’08-‘09.
Hapeville’s Average Sales Price fell by 19%- from $117,556 in ’07-’08 to $95,765 over the last year. The Number of Days on the Market fell from 91 to 88 in the last year or 3%. The Number of Units Sold dropped from 38 to 29, a decline of 24% and Annual Sales Volume was down by 38% from $4,467,128 to $2,777,185 in the 12 months leading up to November 2009.
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Here are the results from our November Market Survey for the Tri-Cities:
College Park had a 40% decline in Average Sales Price from $220,717 in ’07-’08 to $131,497 in ’08-’09. The Average Number of Days on the Market dropped from 140 days to 110 days a fall of 21%. The Number of Units Sold decreased from 61 to 52 or 15% and Annual Sales Volume fell by 49% from $13,463,737 to $6,837,844 over the last .12 months.
The East Point market had a 37% decline in Average Sales Price from $90,278 to $56,965 in the last year. The Average Number of Days on the Market fell from 106 to 88 or 17%. The Number of Units Sold fell slightly from 237 in ’07-’08 to 231 in ’08-’09, a decline of 3%. Annual Sales Volume in East Point was down by 38% from $21,395,886 in ’07-’08 to $13,158,915 in ’08-‘09.
Hapeville’s Average Sales Price fell by 19%- from $117,556 in ’07-’08 to $95,765 over the last year. The Number of Days on the Market fell from 91 to 88 in the last year or 3%. The Number of Units Sold dropped from 38 to 29, a decline of 24% and Annual Sales Volume was down by 38% from $4,467,128 to $2,777,185 in the 12 months leading up to November 2009.
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Thursday, November 19, 2009
Adams Realtors Intown Market Survey-November 2009-Decatur, Avondale Estates & Pine Lake
The Cities of Decatur and Pine Lake continued to have positive year over year gains in Average Sales Price. Three of the four City of Decatur neighborhoods also an increase in Average Sales Price. The Number of Days on the Market was down in Decatur and Pine Lake and up ever so slightly in Avondale Estates. Once again in November, the Great Lakes neighborhood in Decatur and the City of Pine Lake experienced increases in the Number of Units Sold and they were the only markets that reported an increase in Annual Sales Volume.
Here are the results of our November 2009 survey:
Avondale Estates had a 7% drop in Average Sales Price from $318,978 in ’07-’08 to $298,066 in ’08-’09. Average Days on the Market was by one day from 89 to 90 over the last year. The Number of Units Sold fell from 56 to 54 or 4%. Annual Sales Volume decreased by 10% from $17,862,768 to $16,095,564.
The City of Decatur market had a 4% increase in Average Sales Price from $373,658 to $387,616 in the last year. Average Days of the Market fell from 68 to 59 or 13%. The Number of Units Sold decreased by 37% from 252 to 159. Annual Sales Volume in Decatur was down by 35% from $94,161,816 in ’07-’08 to $61,630,944 in ’08-’09.
The Pine Lake market experienced a 21% price increase over the last year going from an Annual Sales Price in ’07-’08 of $129,520 to $156,956 in ’08-’09. The Average Days on the Market in Pine Lake fell by 16% from 104 days to 87 days. The Number of Units Sold increased from 10 units to 12 units or 20%. Annual Sales Volume was up 45% from $1,295,200 to $1,883,472 in the last twelve months.
The Decatur neighborhood of Glenwood Estates had a 10% increase in Average Sales Price from $465,991 to $512,900. The Average Days on the Market fell from 68 days to 44 days or 35%. Glenwood Estates had a 55% fall in the Number of Units Sold from 11 to 5. Annual Sales Volume dropped 50% from $5,125,901 to $2,564,500 in the ’08-‘09. These figures were unchanged over last two months!
The Great Lakes market had a 24% increase in Average Sales Price from $458,566 in ’07-’08 to $567,785 in ’08-’09. The Average Number of Days on the Market increased by 76% from 62 to 109. The Number of Units Sold was up by 17% from last year from 6 to 7 houses. Annual Sales Volume increased by 44% from $2,751,396 to $3,974,495 in the last year. These numbers were also unchanged from October’s figures.
The Oakhurst neighborhood had a 7% increase in Average Sales Price from $343,168 in ’07-’08 to $366,765 in ’08-’09. The Average Number of Days on the Market decreased by 6% from 65 to 61. The Number of Units Sold dropped 26% from 87 to 64 and Annual Sales Volume was down by 21% from $29,855,616 to $23,472,960 since this time last year.
The Winnona Park market had a 5% drop in Average Sales Price from $437,628 in ’07-’08 to $414,030 in ’08-’09. The Average Days on the Market also increased by 57% from 68 to 107. The Number of Units Sold fell from 30 to 22 or 27% in the last year. Annual Sales Volume decreased by 31% from $13,128,840 to $9,108,660 in the last 12 months.
Our next posting will cover the Tri-Cities of College Park, East Point and Hapeville.
Here are the results of our November 2009 survey:
Avondale Estates had a 7% drop in Average Sales Price from $318,978 in ’07-’08 to $298,066 in ’08-’09. Average Days on the Market was by one day from 89 to 90 over the last year. The Number of Units Sold fell from 56 to 54 or 4%. Annual Sales Volume decreased by 10% from $17,862,768 to $16,095,564.
The City of Decatur market had a 4% increase in Average Sales Price from $373,658 to $387,616 in the last year. Average Days of the Market fell from 68 to 59 or 13%. The Number of Units Sold decreased by 37% from 252 to 159. Annual Sales Volume in Decatur was down by 35% from $94,161,816 in ’07-’08 to $61,630,944 in ’08-’09.
The Pine Lake market experienced a 21% price increase over the last year going from an Annual Sales Price in ’07-’08 of $129,520 to $156,956 in ’08-’09. The Average Days on the Market in Pine Lake fell by 16% from 104 days to 87 days. The Number of Units Sold increased from 10 units to 12 units or 20%. Annual Sales Volume was up 45% from $1,295,200 to $1,883,472 in the last twelve months.
The Decatur neighborhood of Glenwood Estates had a 10% increase in Average Sales Price from $465,991 to $512,900. The Average Days on the Market fell from 68 days to 44 days or 35%. Glenwood Estates had a 55% fall in the Number of Units Sold from 11 to 5. Annual Sales Volume dropped 50% from $5,125,901 to $2,564,500 in the ’08-‘09. These figures were unchanged over last two months!
The Great Lakes market had a 24% increase in Average Sales Price from $458,566 in ’07-’08 to $567,785 in ’08-’09. The Average Number of Days on the Market increased by 76% from 62 to 109. The Number of Units Sold was up by 17% from last year from 6 to 7 houses. Annual Sales Volume increased by 44% from $2,751,396 to $3,974,495 in the last year. These numbers were also unchanged from October’s figures.
The Oakhurst neighborhood had a 7% increase in Average Sales Price from $343,168 in ’07-’08 to $366,765 in ’08-’09. The Average Number of Days on the Market decreased by 6% from 65 to 61. The Number of Units Sold dropped 26% from 87 to 64 and Annual Sales Volume was down by 21% from $29,855,616 to $23,472,960 since this time last year.
The Winnona Park market had a 5% drop in Average Sales Price from $437,628 in ’07-’08 to $414,030 in ’08-’09. The Average Days on the Market also increased by 57% from 68 to 107. The Number of Units Sold fell from 30 to 22 or 27% in the last year. Annual Sales Volume decreased by 31% from $13,128,840 to $9,108,660 in the last 12 months.
Our next posting will cover the Tri-Cities of College Park, East Point and Hapeville.
Tuesday, November 17, 2009
Adams Realtors 11/09 Intown Atlanta North Market Survey
The Adams Realtors Intown North Market Survey for November 2009 had Poncey Highland, once again, as the only neighborhood that had a positive year over year increase in Average Sales Price, Number of Units Sold and Sales Volume. Ansley Park was the only market that had a positive outcome (meaning negative number) in the Days on the Market category. Ansley’s Number of Units Sold was only down one sale from the previous 12 months.
Here are the results of our November 2009 survey on a market by market basis for Intown North:
The Ansley Park market had a 10% decrease in Average Sales Price with an Average Sales Price of $1,075,968 in ’07-’08 and $964,047 in ’08-’09. The Average Number of Days on the Market dropped from 112 to 109 or 3%. The Number of Units Sold fell by 4% from 25 to 24 in the last 12 months. Annual Sales Volume was down by 14% from $25,823,232 to $22,173,081 in ’08-‘09.
Inman Park’s Average Sales Price fell from $501,959 to $453,296, a drop of 10%. The Average Number of Days on the Market drifted upwards from 75 to 78, an increase of 4%. The Number of Units Sold fell by 14%, from 29 to 25. Annual Sales Volume in this market fell from $14,556,811 in ’07-’08 to $11,332,400 in ’08-’09 or a decrease of 22%.
Midtown’s Average Sales Price dropped by 20%-$588,070 to $470,570. Average Days on the Market grew by 33% from 57 to 76 and the Number of Units Sold fell by 33% from 27 to 18 in the last 12 months. Annual Sales Volume fell by 47% from $15,877,890 to $8,470,260 in the last 12 months.
Morningside had a 6% decrease in Average Sales Price from $670,333 in ’07-‘08 to $631,061 in ’08-‘09. The Average Number of Days on the Market increased by 13% over last year from 76 to 86. The Number of Units Sold dropped by 33% from 155 in ’07-’08 to 104 in ’08-’09. Annual Sales Volume in Morningside went from $103,901,615 to $65,630,344- a 37% decrease from last year.
The Poncey Highland market had an increase in Average Sale Price from $385,280 to $406,663, an increase of 6%. The Average Number of Days on the Market skyrocketed by 300% from 37 to 148 days. The Number of Units Sold was up from 5 to 6 units or 20% over the last year. Annual Sales Volume climbed from $1,926,400 to $2,439,978, a gain of 25%.
The Virginia-Highland market experienced a 12% decline in Average Sales Price-$661,885 to $582,797. The Average Number of Days on the Market increased by 16% from 64 to 74 and the Number of Units Sold dropped from 85 in ’07-’08 to 72 in ’08-’09, a decrease of 15%. Annual Sales Volume fell by 25% from $56,260,225 in ’07-’08 to $41,961,384 in ’08-‘09.
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 November 2009 survey on a market by market basis for Intown North:
The Ansley Park market had a 10% decrease in Average Sales Price with an Average Sales Price of $1,075,968 in ’07-’08 and $964,047 in ’08-’09. The Average Number of Days on the Market dropped from 112 to 109 or 3%. The Number of Units Sold fell by 4% from 25 to 24 in the last 12 months. Annual Sales Volume was down by 14% from $25,823,232 to $22,173,081 in ’08-‘09.
Inman Park’s Average Sales Price fell from $501,959 to $453,296, a drop of 10%. The Average Number of Days on the Market drifted upwards from 75 to 78, an increase of 4%. The Number of Units Sold fell by 14%, from 29 to 25. Annual Sales Volume in this market fell from $14,556,811 in ’07-’08 to $11,332,400 in ’08-’09 or a decrease of 22%.
Midtown’s Average Sales Price dropped by 20%-$588,070 to $470,570. Average Days on the Market grew by 33% from 57 to 76 and the Number of Units Sold fell by 33% from 27 to 18 in the last 12 months. Annual Sales Volume fell by 47% from $15,877,890 to $8,470,260 in the last 12 months.
Morningside had a 6% decrease in Average Sales Price from $670,333 in ’07-‘08 to $631,061 in ’08-‘09. The Average Number of Days on the Market increased by 13% over last year from 76 to 86. The Number of Units Sold dropped by 33% from 155 in ’07-’08 to 104 in ’08-’09. Annual Sales Volume in Morningside went from $103,901,615 to $65,630,344- a 37% decrease from last year.
The Poncey Highland market had an increase in Average Sale Price from $385,280 to $406,663, an increase of 6%. The Average Number of Days on the Market skyrocketed by 300% from 37 to 148 days. The Number of Units Sold was up from 5 to 6 units or 20% over the last year. Annual Sales Volume climbed from $1,926,400 to $2,439,978, a gain of 25%.
The Virginia-Highland market experienced a 12% decline in Average Sales Price-$661,885 to $582,797. The Average Number of Days on the Market increased by 16% from 64 to 74 and the Number of Units Sold dropped from 85 in ’07-’08 to 72 in ’08-’09, a decrease of 15%. Annual Sales Volume fell by 25% from $56,260,225 in ’07-’08 to $41,961,384 in ’08-‘09.
Our next posting will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake along with five City of Decatur neighborhoods.
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