All of the Tri-Cities markets experienced a year over year decline in Average Sales Price. College Park and East Point had a decrease in the Number of Days on the Market. East Point was the only market not to see a decrease in the Number of Units Sold. Every market experienced a drop in Sales Volume with Hapeville having the smallest decrease.
Here are the results from our September Market Survey for the Tri-Cities:
College Park experienced a 35% decrease in Average Sales Price from $226,484 in ’07-’08 to $146,863 in ’08-’09. The Average Number of Days on the Market fell from 155 days to 117 days a drop of 25%. The Number of Units Sold fell from 57 to 54 or 5% and Annual Sales Volume fell by 39% from $12,909,588 to $7,930,602 in the last year.
The East Point market had a 43% drop in Average Sales Price going from $99,037 to $56,179 in the last year. The Average Number of Days on the Market fell from 108 to 92 or 15%. The Number of Units Sold was virtually unchanged at 228 in ’07-’08 and 227 in ’08-‘09. Annual Sales Volume in East Point dropped by 44% from $22,580,436 in ’07-’08 to $12,752,633 in the last 12 months.
Hapeville’s Average Sales Price was down by 7% from $116,273 in ’07-’08 to $107,840 in ’08-’09. The Number of Days on the Market increased from 86 to 97 in the last year or 13%. The Number of Units Sold fell from 37 to 31, a decrease of 16%. Annual Sales Volume was down by 22% from $4,302,101 to $3,343,040 in the last 12 months.
Wednesday, September 30, 2009
Monday, September 28, 2009
Adams Realtors Intown Market Survey- Avondale Estates, Decatur and Pine Lake
All of the Central DeKalb Cities had positive year over year gains in Average Sales Price with Pine Lake experiencing a significant increase in Average Sales Price. The only City of Decatur neighborhood to experience a fall in Average Sales Price was Decatur Heights. The Number of Days on the Market was down in all of the cities and two of the Decatur neighborhoods. Every market had a decrease in the Number of Units Sold, except for the Great Lakes neighborhood, which remained unchanged. The City of Pine Lake and the Great Lakes neighborhood were the only markets that experienced an increase in sales volume.
Here are the results of our September 2009 survey:
Avondale Estates had a 7% increase in Average Sales Price from $310,281 in ’07-’08 to $331,667 in ’08-’09. Average Days on the Market decreased from 93 to 81- a fall of 13%. The Number of Units Sold fell from 60 to 34 or 43%. Annual Sales Volume was down 39% from $18,616,860 to $11,276,678.
The City of Decatur market experienced a 3% increase in Average Sales Price from $376,258 to $388,876 in the last year. Average Days of the Market fell from 69 to 60 or 13%. The Number of Units Sold decreased by 28% from 241 to 174. Annual Sales Volume in Decatur fell by 25% from $90,678,178 in ’07-’08 to $67,664,424 in ’08-’09.
The Pine Lake market had a huge 36% price increase over the last 12 months with an Annual Sales Price in ’07-’08 of $117,018 and $158,794 in ’08-’09. The Average Days on the Market in Pine Lake fell by 24% from 113 days to 86 days. The Number of Units Sold declined from 11 units to 9 units or 18%. Annual Sales Volume was up 11% from $1,287,198 to $1,429,146 in the last year.
The Average Sales Price in the City of Decatur neighborhood of Decatur Heights fell 21% from $381,455 in ’07-’08 to $302,745 in ’08-’09. Average Days on the Market was up by 3% from 79 to 81 and the Number of Units Sold dropped from 23 to 11 or 52%. Total Sales Volume was down by 62% from $8,773,465 in ’07-’08 to $3,330,195 in the last 12 months
The Decatur neighborhood of Glenwood Estates experienced 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% drop in the Number of Units Sold from 11 to 5. Annual Sales Volume fell 50% from $5,125,901 to $2,564,500 in the ’08-‘09.
The Great Lakes market had a 16% increase in Average Sales Price from $458,566 in ’07-’08 to $530,416 in ’08-’09. The Average Number of Days on the Market increased by 79% from 62 to 111. The Number of Units Sold was unchanged from last year at 6 units. Annual Sales Volume increased by 16% from $2,751,396 to $3,182,496 in the last year.
The Oakhurst neighborhood experienced a 6% increase in Average Sales Price from $347,237 in ’07-’08 to $367,497 in ’08-’09. The Average Number of Days on the Market decreased by 18% from 67 to 55. The Number of Units Sold dropped 14% from 81 to 70 and Annual Sales Volume fell by 9% from $28,126,197 to $25,724,790 in the last 12 months.
The Winnona Park market had a 3% increase in Average Sales Price from $434,995 in ’07-’08 to $448,833 in ’08-’09. The Average Days on the Market increased by 35% from 79 to 107 and the Number of Units Sold fell from 30 to 20 or 33% in the last year. Annual Sales Volume was down by 31% from $13,049,850 to $8,976,660 in the last 12 month..
Our next posting will cover the Tri-Cities of College Park, East Point and Hapeville.
Here are the results of our September 2009 survey:
Avondale Estates had a 7% increase in Average Sales Price from $310,281 in ’07-’08 to $331,667 in ’08-’09. Average Days on the Market decreased from 93 to 81- a fall of 13%. The Number of Units Sold fell from 60 to 34 or 43%. Annual Sales Volume was down 39% from $18,616,860 to $11,276,678.
The City of Decatur market experienced a 3% increase in Average Sales Price from $376,258 to $388,876 in the last year. Average Days of the Market fell from 69 to 60 or 13%. The Number of Units Sold decreased by 28% from 241 to 174. Annual Sales Volume in Decatur fell by 25% from $90,678,178 in ’07-’08 to $67,664,424 in ’08-’09.
The Pine Lake market had a huge 36% price increase over the last 12 months with an Annual Sales Price in ’07-’08 of $117,018 and $158,794 in ’08-’09. The Average Days on the Market in Pine Lake fell by 24% from 113 days to 86 days. The Number of Units Sold declined from 11 units to 9 units or 18%. Annual Sales Volume was up 11% from $1,287,198 to $1,429,146 in the last year.
The Average Sales Price in the City of Decatur neighborhood of Decatur Heights fell 21% from $381,455 in ’07-’08 to $302,745 in ’08-’09. Average Days on the Market was up by 3% from 79 to 81 and the Number of Units Sold dropped from 23 to 11 or 52%. Total Sales Volume was down by 62% from $8,773,465 in ’07-’08 to $3,330,195 in the last 12 months
The Decatur neighborhood of Glenwood Estates experienced 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% drop in the Number of Units Sold from 11 to 5. Annual Sales Volume fell 50% from $5,125,901 to $2,564,500 in the ’08-‘09.
The Great Lakes market had a 16% increase in Average Sales Price from $458,566 in ’07-’08 to $530,416 in ’08-’09. The Average Number of Days on the Market increased by 79% from 62 to 111. The Number of Units Sold was unchanged from last year at 6 units. Annual Sales Volume increased by 16% from $2,751,396 to $3,182,496 in the last year.
The Oakhurst neighborhood experienced a 6% increase in Average Sales Price from $347,237 in ’07-’08 to $367,497 in ’08-’09. The Average Number of Days on the Market decreased by 18% from 67 to 55. The Number of Units Sold dropped 14% from 81 to 70 and Annual Sales Volume fell by 9% from $28,126,197 to $25,724,790 in the last 12 months.
The Winnona Park market had a 3% increase in Average Sales Price from $434,995 in ’07-’08 to $448,833 in ’08-’09. The Average Days on the Market increased by 35% from 79 to 107 and the Number of Units Sold fell from 30 to 20 or 33% in the last year. Annual Sales Volume was down by 31% from $13,049,850 to $8,976,660 in the last 12 month..
Our next posting will cover the Tri-Cities of College Park, East Point and Hapeville.
Wednesday, September 23, 2009
Intown Atlanta-North Markets Adams Realtors September 2009 Survey
All of Atlanta’s Intown North markets experienced deterioration in year over year Average Sales Price. Inman Park had a drop in the Number of Days on the Market and Morningside was unchanged from a year ago. Five markets had a drop in the Number of Units Sold with one market, Poncey Highland unchanged. Every market had a decrease in year over year Annual Sales Volume.
Here are the results of our September 2009 survey on a market by market basis for Intown North:
The Ansley Park market had a 8% decrease in Average Sales Price with an Average Sales Price of $1,067,956 in ’07-’08 and $983,272 in ’08-’09. The Average Number of Days on the Market was up from 100 to 104, an increase of 5%. The Number of Units Sold fell by 24% from 29 to 22 in the last year. Annual Sales Volume fell by 30% from $30,970,724 to $21,631,984 in ’08-‘09.
Inman Park’s Average Sales Price fell from $520,229 to $452,609, a decrease of 13%. The Average Number of Days on the Market went from 74 to 64, a decrease of 14%. The Number of Units Sold fell by 52%, from 33 to 16 and Annual Sales Volume decreased from $17,167,557 in ’07-’08 to $7,241,744 in ’08-’09 or a fall of 58%.
Midtown’s Average Sales Price decreased by 18%-$603,444 to $492,653. Average Days on the Market grew by 40% from 57 to 80 and the Number of Units Sold fell by 38% from 29 to 18 in the last 12 months. Annual Sales Volume dropped by 49% from $17,499,876 to $8,867,754 in the last 12 months.
Morningside experienced a 10% decrease in Average Sales Price from $679,168 in ’07-‘08 to $613,206 in ’08-‘09. The Average Number of Days on the Market was unchanged over last year at 77. The Number of Units Sold fell by 37% from 162 in ’07-’08 to 102 in ’08-’09. Annual Sales Volume in Morningside fell from $110,025,216 to $62,547,012- a 43% decrease from last year.
The Poncey Highland market had a decrease in Average Sale Price from $411,857 to $389,957 a fall of 5%. The Average Number of Days on the Market was up by 62% from 79 to 128 days. The Number of Units Sold remained the same at 7 units in each of the past years. Annual Sales Volume went from $2,882,999 to $2,729,699, a fall of 5%.
The Virginia-Highland market experienced a 14% decline in Average Sales Price-$663,775 to $573,793. The Average Number of Days on the Market increased by 8% from 63 to 68 and the Number of Units Sold fell from 86 in ’07-’08 to 68 in ’08-’09, a decrease of 21%. Annual Sales Volume was down by 32% from $57,084,650 to $39,017,924 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 September 2009 survey on a market by market basis for Intown North:
The Ansley Park market had a 8% decrease in Average Sales Price with an Average Sales Price of $1,067,956 in ’07-’08 and $983,272 in ’08-’09. The Average Number of Days on the Market was up from 100 to 104, an increase of 5%. The Number of Units Sold fell by 24% from 29 to 22 in the last year. Annual Sales Volume fell by 30% from $30,970,724 to $21,631,984 in ’08-‘09.
Inman Park’s Average Sales Price fell from $520,229 to $452,609, a decrease of 13%. The Average Number of Days on the Market went from 74 to 64, a decrease of 14%. The Number of Units Sold fell by 52%, from 33 to 16 and Annual Sales Volume decreased from $17,167,557 in ’07-’08 to $7,241,744 in ’08-’09 or a fall of 58%.
Midtown’s Average Sales Price decreased by 18%-$603,444 to $492,653. Average Days on the Market grew by 40% from 57 to 80 and the Number of Units Sold fell by 38% from 29 to 18 in the last 12 months. Annual Sales Volume dropped by 49% from $17,499,876 to $8,867,754 in the last 12 months.
Morningside experienced a 10% decrease in Average Sales Price from $679,168 in ’07-‘08 to $613,206 in ’08-‘09. The Average Number of Days on the Market was unchanged over last year at 77. The Number of Units Sold fell by 37% from 162 in ’07-’08 to 102 in ’08-’09. Annual Sales Volume in Morningside fell from $110,025,216 to $62,547,012- a 43% decrease from last year.
The Poncey Highland market had a decrease in Average Sale Price from $411,857 to $389,957 a fall of 5%. The Average Number of Days on the Market was up by 62% from 79 to 128 days. The Number of Units Sold remained the same at 7 units in each of the past years. Annual Sales Volume went from $2,882,999 to $2,729,699, a fall of 5%.
The Virginia-Highland market experienced a 14% decline in Average Sales Price-$663,775 to $573,793. The Average Number of Days on the Market increased by 8% from 63 to 68 and the Number of Units Sold fell from 86 in ’07-’08 to 68 in ’08-’09, a decrease of 21%. Annual Sales Volume was down by 32% from $57,084,650 to $39,017,924 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.
Sunday, September 20, 2009
Atlanta in DeKalb Markets-September '09 Adams Realtors Intown Market Survey
In September, Lake Claire was the only Atlanta in DeKalb market that experienced an increase in Average Sales Price. The Edgewood, East Lake & Kirkwood markets had a positive trend of decreasing in Average Days on the Market. Kirkwood was the only market that did not have a decline in the Number of Units Sold and all markets experienced a decrease in Annual Sales Volume.
Here are the results of the September 2009 survey:
Candler Park experienced a 4% decrease in Average Sales Price over the last 12 months-$457,778 in ’07-’08 to $437,309 in ’08-’09. The Average Number of Days on the Market was up by a whopping 89% from 45 to 85. The Number of Units Sold was down by 8% from 52 in ’07-’08 to 48 in the last twelve months. Annual Sales Volume was down by 12%-$23,804,456 to $20,000,832 in the last year.
The Druid Hills market saw a drop in Average Sales Price from $642,869 in ’07-’08
to $582,157 in ’08-’09, a fall of 8%. The Average Number of Days on the Market
increased by 32% from 68 to 90 and the Number of Units Sold decreased from 77
to 50 over the last 12 months, a decline of 35%. Annual Sales Volume was down
41% from $49,500,913 in ’07-‘08 to $29,107,850 this year.
East Atlanta had a 17% decrease in Average Sales Price-$214,787 to $179,246.
The East Atlanta market was up by 1% in the Average Days on the Market from 74 to 75 days and had a 17% fall in the Number of Units Sold-126 in ’07-’08 to 104 in ’08-’09. Annual Sales Volume decreased by 31% from $27,063,162 to $18,641,584 in the last 12 months.
The East Lake market had a 7% decrease in Average Sales Price from $225,299 to $209,459. The Average Number of Days on the Market fell from 90 to 66, a decrease of 27%. The Number of Units Sold decreased by 29% from 55 to 39 in the last year. Annual Sales Volume in the market was down by 34%-$12,391,445 to $8,168,901.
Edgewood experienced a 12% decrease in Average Sales Price from $162,231 to $142,992. Average Days on the Market fell by 3% from 72 to 70. The Number of Units Sold dropped from 50 in ’07-’08 to 42 in ’08-’09, a decline of 16%. Annual Sales Volume went from $8,111,550 to $6,005,664 over the last year, a fall of 26%.
Kirkwood had a decrease in Average Sales Price of 10%-$248,074 to $222,893. The Average Number of Days on the Market fell from 67 to 62 or 14%. The Number of Units Sold was up by 7% from 135 to 145 and Annual Sales Volume decreased by only 3%-$33,489,990 to $32,319,485 over the past year.
The Lake Claire market had an increase of 3% in Average Sales Price from $435,673 to $448,969. The Average Number of Days on the Market increased by 7% from 59 to 63 and the Number of Units Sold dropped by 50% from 46 in ’07-’08 to 23 in’08-’09. Annual Sales Volume for the market fell by 48% from $20,040,958 to $10,326,287 over the last year.
We will look at the results from the Intown North markets in our next posting.
Here are the results of the September 2009 survey:
Candler Park experienced a 4% decrease in Average Sales Price over the last 12 months-$457,778 in ’07-’08 to $437,309 in ’08-’09. The Average Number of Days on the Market was up by a whopping 89% from 45 to 85. The Number of Units Sold was down by 8% from 52 in ’07-’08 to 48 in the last twelve months. Annual Sales Volume was down by 12%-$23,804,456 to $20,000,832 in the last year.
The Druid Hills market saw a drop in Average Sales Price from $642,869 in ’07-’08
to $582,157 in ’08-’09, a fall of 8%. The Average Number of Days on the Market
increased by 32% from 68 to 90 and the Number of Units Sold decreased from 77
to 50 over the last 12 months, a decline of 35%. Annual Sales Volume was down
41% from $49,500,913 in ’07-‘08 to $29,107,850 this year.
East Atlanta had a 17% decrease in Average Sales Price-$214,787 to $179,246.
The East Atlanta market was up by 1% in the Average Days on the Market from 74 to 75 days and had a 17% fall in the Number of Units Sold-126 in ’07-’08 to 104 in ’08-’09. Annual Sales Volume decreased by 31% from $27,063,162 to $18,641,584 in the last 12 months.
The East Lake market had a 7% decrease in Average Sales Price from $225,299 to $209,459. The Average Number of Days on the Market fell from 90 to 66, a decrease of 27%. The Number of Units Sold decreased by 29% from 55 to 39 in the last year. Annual Sales Volume in the market was down by 34%-$12,391,445 to $8,168,901.
Edgewood experienced a 12% decrease in Average Sales Price from $162,231 to $142,992. Average Days on the Market fell by 3% from 72 to 70. The Number of Units Sold dropped from 50 in ’07-’08 to 42 in ’08-’09, a decline of 16%. Annual Sales Volume went from $8,111,550 to $6,005,664 over the last year, a fall of 26%.
Kirkwood had a decrease in Average Sales Price of 10%-$248,074 to $222,893. The Average Number of Days on the Market fell from 67 to 62 or 14%. The Number of Units Sold was up by 7% from 135 to 145 and Annual Sales Volume decreased by only 3%-$33,489,990 to $32,319,485 over the past year.
The Lake Claire market had an increase of 3% in Average Sales Price from $435,673 to $448,969. The Average Number of Days on the Market increased by 7% from 59 to 63 and the Number of Units Sold dropped by 50% from 46 in ’07-’08 to 23 in’08-’09. Annual Sales Volume for the market fell by 48% from $20,040,958 to $10,326,287 over the last year.
We will look at the results from the Intown North markets in our next posting.
Thursday, September 17, 2009
September '09 Atlanta Intown South Market Survey
The Intown South market survey for September differed from last month’s survey in that all markets suffered a drop in Average Sales Price. Except for Reynoldstown, this drop occurred both when compared to last month’s figures and the annual year over year numbers comparing the 12 month average from September 2007 to August 2008 and the 12 month average from September 2008 to August 2009. Reynoldstown was the only market that continued to show improvement in Average Days on the Market. Ormewood Park, as has been the case over the last several months, was the only neighborhood that showed an increase in the Number of Units Sold.
Here is a market by market analysis for September 2009:
Cabbagetown’s market experienced a 12% drop in Average Sales Price going from $252,372 in ’07-’08 to $223,320 in ’08-’09. The Average Number of Days on the Market went from 40 to 42, an increase of 5%. The Number of Units Sold fell 29% from 17 to 12. Annual Sales Volume dropped from $4,290,324 to $2,679,840, a drop of 38%.
The Grant Park market had a 7% fall in Average Sales Price since September 2008 dropping from $261,362 to $242,558. Average Number of Days on the Market increased from 82 days to 87 days, a 6% climb. The Number of Units Sold decreased by 36% from 132 in ’07-’08 to 85 in ’08-’09. Annual Sales Volume in Grant Park was down by 40% from $34,449,784 in ’07-’08 to $20,617,430 in the last 12 months.
Ormewood Park’s Average Sales Price was down by 10% in the last year, from $247,877 to $222,738. The Average Number of Days on the Market rose from 56 days to 69 days or 23%. The Number of Units Sold increased by 11% from 61 to 68 and Annual Sales Volume was virtually unchanged with $15,120,497 in ’07-’08 to $15,146,184 in ’08-’09.
The Reynoldstown market experienced a 14% decline in Average Sales Price, from $214,268 to $184,869. The Average Number of Days on the Market improved by 8% from 72 to 66. The Number of Units Sold dropped by 20% from 40 in ’07-’08 to 32 in ’08-’09. Annual Sales Volume in Reynoldstown fell by 31% from $8,570,720 to $5,915, 808 in the last 12 months.
Our next posting will cover the Atlanta in DeKalb markets.
Here is a market by market analysis for September 2009:
Cabbagetown’s market experienced a 12% drop in Average Sales Price going from $252,372 in ’07-’08 to $223,320 in ’08-’09. The Average Number of Days on the Market went from 40 to 42, an increase of 5%. The Number of Units Sold fell 29% from 17 to 12. Annual Sales Volume dropped from $4,290,324 to $2,679,840, a drop of 38%.
The Grant Park market had a 7% fall in Average Sales Price since September 2008 dropping from $261,362 to $242,558. Average Number of Days on the Market increased from 82 days to 87 days, a 6% climb. The Number of Units Sold decreased by 36% from 132 in ’07-’08 to 85 in ’08-’09. Annual Sales Volume in Grant Park was down by 40% from $34,449,784 in ’07-’08 to $20,617,430 in the last 12 months.
Ormewood Park’s Average Sales Price was down by 10% in the last year, from $247,877 to $222,738. The Average Number of Days on the Market rose from 56 days to 69 days or 23%. The Number of Units Sold increased by 11% from 61 to 68 and Annual Sales Volume was virtually unchanged with $15,120,497 in ’07-’08 to $15,146,184 in ’08-’09.
The Reynoldstown market experienced a 14% decline in Average Sales Price, from $214,268 to $184,869. The Average Number of Days on the Market improved by 8% from 72 to 66. The Number of Units Sold dropped by 20% from 40 in ’07-’08 to 32 in ’08-’09. Annual Sales Volume in Reynoldstown fell by 31% from $8,570,720 to $5,915, 808 in the last 12 months.
Our next posting will cover the Atlanta in DeKalb markets.
Tuesday, September 15, 2009
Adams Realtors Atlanta Intown Market Survey-September 2009
In the September 2009 Adams Realtors Intown Market Survey, the Average Sales Price for the overall market (18 neighborhoods and 5 small cities) was down by 9%. In 2007-2008 the Average Sales Price was $425,515. For the last 12 months the Average Sales Price was $385,474. Last month the 12 month average was $389,010, so in the last 30 days prices have eroded by slightly less than 1%.
The Average Days on the Market jumped 2% from 82 to 83. The August report also had 83 as the average number of days on the market. The Number of Units Sold fell from 1,794 in 2007-2008 to 1,421 in the last year, a drop of 21%. In August, the figure for the previous 12 months was 1,490, almost 5% more than September’s numbers.
Total Sales Volume for the market was down 34% from $631,662,647 in ’07-’08 to $419,683,700 in ’08-’09. Augusts’ 12 months total was $445,424,505, almost 6% higher than this month’s numbers.
Although antidotal information suggests that the market is improving, the actual numbers continue to reflect the deterioration of the market. I won’t get too excited until the Average Sales Price stays flat for several months and the Number of Units Sold begins to turn around. We will breakdown the overall market beginning with the Intown South neighborhoods in our next posting.
The Average Days on the Market jumped 2% from 82 to 83. The August report also had 83 as the average number of days on the market. The Number of Units Sold fell from 1,794 in 2007-2008 to 1,421 in the last year, a drop of 21%. In August, the figure for the previous 12 months was 1,490, almost 5% more than September’s numbers.
Total Sales Volume for the market was down 34% from $631,662,647 in ’07-’08 to $419,683,700 in ’08-’09. Augusts’ 12 months total was $445,424,505, almost 6% higher than this month’s numbers.
Although antidotal information suggests that the market is improving, the actual numbers continue to reflect the deterioration of the market. I won’t get too excited until the Average Sales Price stays flat for several months and the Number of Units Sold begins to turn around. We will breakdown the overall market beginning with the Intown South neighborhoods in our next posting.
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