Adams Realtors Residential Blog

The December 2011 Intown Atlanta Market Survey measures
market activity and changes for the residential real estate market as a whole
from December 1, 2008 to November 30, 2011.

The Average Sales Price for the 12 months ending November 30,
2011 was down slightly from $316,042 last month to $313,819, about .7 of 1% decrease. The Average Sales Price was down 11% from
last year’s number of $352,319. On November 30, 2009 the Average Sales Price was $368,201, 17% higher than today’s average.

Average Number of Days on the Market was 87 days over the last 12 months. It was only 84 days in 2009-10. In 2008-09, the Average Number of Days on the Market was 81 days. Thus, over one year, the average was up 4% and the two year change was an increase of 8%.

The Number of Units Sold during last 12 months was 1,593,
while in the 12 months ending November 30, 2010, 1,405 units sold. In 2008-09
1,448 units sold. The one year change was up 13% and over two years the number of sales was up 10%.

Annual Sales Volume for the last 12 months of 2010-11 was
$499,913,084 compared to $450,459,237 in ’09-‘10 and $423,365,014 in 2008-09. The one year change was up by 11% and the two year change was positive 18%. This month’s volume was down 1% or about $5 million from our November 2011 figure, fairly typical of the real estate market as we approach the Holiday
season

The good news in this month’s report is that the Number of Units Sold continues to increase and even though the Average Sales Price figure continues to slide, overall Sales Volume is up. This could be attributed to an increase in the number of foreclosures being sold by lenders. It also could be
caused by a slight improvement in the economy coupled with the continuation of
historically low interest rates. Looking back three or four years the Number of Units Sold is down by 20% to 25% which
means that the Intown Market still has a ways to go to reach the numbers
generated in 2007-2008, the last strong years for this market.

Fed Focuses on Lifting Ailing Housing Market

2011-11-03T13:17:00.000-07:00

Fed Focuses on Lifting Ailing Housing Market

First-time Home Buyers Haven’t Vanished

2011-11-02T12:56:00.000-07:00

First-time Home Buyers Haven’t Vanished

Could Lenders Start Factoring in Energy Costs?

2011-11-01T12:18:00.000-07:00

Could Lenders Start Factoring in Energy Costs?

'Do No Harm' Is Mantra at Housing Solutions Conference

2011-10-05T12:16:00.000-07:00

'Do No Harm' Is Mantra at Housing Solutions Conference

Fed’s Latest Move May Send Rates Lower

2011-09-22T12:19:00.000-07:00

Fed’s Latest Move May Send Rates Lower

September 2011 Intown Atlanta Residential Market Survey

2011-09-21T14:40:00.000-07:00

The September 2011 Intown Atlanta Market Survey measuresmarket activity and changes for the residential real estate market as a wholefrom September 1, 2008 to August 31, 2011.

The Average Sales Price for the 12 months ending August 31,2011 was down slightly from $316,838 last month to $315,404, a ½ of 1% decrease. The Average Sales Price was down 11% fromlast year’s number of $356,162. OnAugust 31, 2009 the Average Sales Price was $370,323, 17% higher than today’saverage.

Average Number of Days on the Market was 85 days over thelast 12 months. It was only 83 days in2009-10. In 2008-09, the Average Numberof Days on the Market was 80 days. Thus,over one year, the average was up 3% and the two year change was an increase of7%.

The Number of Units Sold during last 12 months was 1,515,while in the 12 months ending August 31, 2010, 1,490 units sold. In 2008-091,450 units sold. The one year changewas up 2% and over two years the number of sales was up 4%.

Annual Sales Volume for the last 12 months of 2010-11 was$477,835,735 compared to $476,887,780 in ’09-‘10 and $421,110 in 2008-09. The one year change was up by .2% and the twoyear change was positive 13%.

The continued “good news” is that the Average Sales Pricehas been fairly stable over the last few months. Even better news is that the Number of UnitsSold as well as Annual Sales Volume is up slightly over last years numbers. We have noticed a general slow down in themarketplace over the last few months and it will be interesting to see whateffect that will have on next month’s numbers.

Neighbors, Agents Team Up to Boost Home Values | Realtor Magazine

2011-08-01T11:01:00.000-07:00

Neighbors, Agents Team Up to Boost Home Values | Realtor Magazine

July 2011 Adams Realtors Intown Atlanta Residential Real Estate Survey

2011-07-23T17:10:00.000-07:00

The July 2011 Intown Atlanta Market Survey measures market activity and changes for the residential real estate market as a whole from July 1, 2008 to June 30, 2011.

The Average Sales Price for the 12 months ending June 30, 2011 was down from $311,413 last month to $309,728, a 1/2% decrease. The Average Sales Price was down 12% from last June’s number of $352,945. On June 30, 2009 the Average Sales Price was $378,541, 18% higher than today’s average.

Average Number of Days on the Market was 86 days over the last 12 months. It was only 81 days in 2009-10. In 2008-09, the Average Number of Days on the Market was 80 days. Thus, over one year, the average was up 7% and the two year change was an increase of 8%.

The Number of Units Sold during last 12 months was 1,583, while in the 12 months ending June 30, 2010, 1,547 units sold. In 2008-09 1,493 units sold. The one year change was up 2% and over two years the number of sales was up 6%.

Annual Sales Volume for the last 12 months of 2010-11 was $490,298,702 compared to $494,630,535 in ’09-‘10 and $436,744,634 in 2008-09. The one year change was a negative 1% and the two year change was positive 12%

The positive spin on this month’s survey is that the Average Sales Price seems to have stabilized over the last several months. In month over month changes, the Average Sales Price has been floating in a very narrow range. One month up a few percent and the next month down a few percent. The Average Days on the Market figure also remained stable. The Number of Units sold was up 2% from last year and up about 7% from last month’s number. Total Sales Volume was up 6% from last month’s number and down slightly from June 2010’s number. At the midpoint of 2011, our company’s residential sales volume, which mostly reflects “intown” Atlanta sales, is up by 20% year to date over YTD 2010’s figures.
The increase in Sales Volume may be the result of buyers feeling that home prices have hit their bottom, interest rates will soon be rising and stricter loan underwriting requirements may make it more difficult to purchase a home. The “Window of Opportunity” may soon be closing!

June 2011 Intown Atlanta Residential Market Summary

2011-06-23T11:45:00.000-07:00

The June 2011 Intown Atlanta Market Survey measures market activity and changes for the residential real estate market as a whole from June 1, 2008 to May 31, 2011.

The Average Sales Price for the 12 months ending May 31, 2011 was up from $305,060 last month to $311,413, a 2% increase. The Average Sales Price was still down 12% from last May’s number of $354,401. On May 31, 2009 the Average Sales Price was $378,208, 18% higher than today’s average. Still the increase of 2% from last month’s number is a very encouraging trend.

Average Number of Days on the Market was 87 days over the last 12 months. It was only 81 days in 2009-10. In 2008-09, the Average Number of Days on the Market was 78 days. Thus, over one year, the average was up 7% and the two year change was an increase of 12%.

The Number of Units Sold during last 12 months was 1,480, while in the 12 months ending May 31, 2010, 1,557 units sold. In 2008-09 1,532 units sold. The one year change was off by 5% and over two years the number of sales was down 3%.

Annual Sales Volume for the last 12 months of 2010-11 was $460,891,620 compared to $497,038,965 in ’09-‘10 and $448,493,098 in 2008-09. The one year change was a negative 7% and the two year change was positive 3%

This month’s report reflected some positive movement. Average Sales Price, although down for last May 2010’s number was up sharply from last month’s 12 month average. The Average Days on the Market figure remained stable. The Number of Units sold was down from last year and up 1.5% from last month’s number. Total Sales Volume was up 3.6% from last month’s number and also up from May 2010’s number. Our company’s residential sales volume, which mostly reflects “intown” sales, is up by 19% year to date over YTD 2010’s figures. If this trend continues over the next several months, then we will have a solid basis for believing that the residential market “in- close” in Atlanta is heading in a positive direction.

REALTOR® Magazine-Daily News-Mortgage Rates Move Even Lower This Week

2011-06-10T12:56:00.000-07:00

REALTOR® Magazine-Daily News-Mortgage Rates Move Even Lower This Week

May 2011 Intown Atlanta Residential Market Summary

2011-05-11T13:51:00.000-07:00

Our May 2011 Intown Atlanta Market Survey measures market activity and changes for the residential real estate market as a whole from May 1, 2008 to April 30, 2011.

The Average Sales Price for the 12 months ending April 30, 2011 fell from $306,754 last month to $305,060 this month, a .56% decrease. The Average Sales Price was down 15% from last April’s number of $357,416. On April 30, 2009 the Average Sales Price was $379,051, almost 20% higher than today’s average

Average Number of Days on the Market was 86 days over the last 12 months. It was only 81 days in 2009-10. In 2008-09, the Average Number of Days on the Market was 78 days. Thus, over one year, the average was up 6% and the two year change was an increase of 10%.

The Number of Units Sold during last 12 months was 1,458, while in the 12 months ending April 30, 2010, 1,528 units sold. In 2008-09 1,584 units sold. The one year change was off by 5% and over two years the number of sales was down 8%.

Annual Sales Volume for the last 12 months of 2010-11 was $444,777,609 compared to $485,356,146 in ’09-‘10 and $472,782,132 in 2008-09. The one year change was a negative 8% and the two year change was negative 6%

The market, as reflected in this month’s report, seems to be taking one step forward and two steps back. After several months of positive movement, all of this month’s indicators were negative. Our company’s single family residential business is up by about 3% over year to date 2010. In the last month, we have seen a spike in properties going “under contract”. If our experience is reflective of the market as a whole, then the numbers in our June monthly report should show some improvement. We are cautiously optimistic!!

Our next report will examine the Intown South neighborhoods

REALTOR® Magazine-Daily News-Pricey Real Estate, Great Schools Don't Always Mix

2011-04-29T13:42:00.000-07:00

REALTOR® Magazine-Daily News-Pricey Real Estate, Great Schools Don't Always Mix

REALTOR® Magazine-Daily News-Analysts Say Housing Is on the Way Up

2011-04-25T14:52:00.000-07:00

REALTOR® Magazine-Daily News-Analysts Say Housing Is on the Way Up

College Park, East Point and Hapeville-March 2011 Adams Realtors Residential Market Survey

2011-03-31T12:34:00.000-07:00

In our March 2011 survey of the Tri-Cities markets, the College Park market had a year over year increase in Average Sales Price, while East Point and Hapeville continued to lose value. The East Point and Hapeville markets had a year over year decline in Average Number of Days on the Market. None of the markets had an increase in the Number of Units Sold. College Park was the only market that experienced an increase in Annual Sales Volume.

Here are the results from our March 2011 Market Survey for the Tri-Cities:

College Park had an 18% increase in Average Sales Price from $124,262 in 2009-10 to $146,643 in the last year. Since 2008-09, the Average Sales Price was up 34%. The Average Number of Days on the Market was up from 105 to 129 or 23% over the last two years. The Number of Units Sold fell from 59 units to 51 units in the last 12 months. The Annual Sales Volume in College Park was up 2% from $7,331,458 to $7,478,793 over the last 12 months and up 14% over the last 24 months.

The East Point market had a fall in Average Sales Price from $62,616 to $52,918 or 15% in the last year. Over the last 24 months, East Point experienced a 29% decrease in Average Sales Price. The Average Number of Days on the Market went from 87 to 80 or an 8% drop. The Number of Units Sold decreased from 216 in 2009-10 to 197 in the last year, a decline of 9%. Annual Sales Volume in East Point had a 23% drop from $13,525,056 in 2009-10 to $10,424,846 over the last 12 months. Over the last 24 months, Annual Sales Volume was off 46% in East Point.

Hapeville’s Average Sales Price was down from $92,095 in 2009-10 to $74,942 in the last year or 19%. The decline in Average Sales Price from 2008-09 to 2010-11 was 36%. The Number of Days on the Market decreased from 94 to 91 or 3%. Over the last 24 months, the average Number of Days on the Market increased by 1%. The Number of Units Sold fell from 32 to 25 properties per year over the last two 12 month periods. In 2008-09, 36 properties sold. Annual Sales Volume was down by 36% from $2,947,040 to $1,873,550 over the last year. Over the last 24 months, Hapeville’s Annual Sales Volume has dropped by 56% from $4,246,236.

Avondale Estates, Decatur and Pine Lake-Adams Realtors March 2011 Residential Real Estate Market Survey

2011-03-29T11:47:00.000-07:00

In our March 2011 survey of the Central DeKalb markets, all of the markets, except for Pine Lake and Winnona Park, had a year over year decrease in Average Sales Price. The Number of Days on the Market was down in Avondale Estates, Pine Lake and in the City of Decatur. Avondale Estates, the City of Decatur and its Oakhurst and Winnona Park neighborhoods were markets that experienced an increase in the Number of Units Sold over the last year. Avondale Estates, the City of Decatur, Oakhurst and Winnona Park were also markets that had an increase in Annual Sales Volume in the last year.

Here are the results of our Adams Realtors March 2011 survey:

Avondale Estates experienced a 5% decrease in Average Sales Price from $306,432 in 2009-10 to $290,208 in the last 12 months. The change from 2008-09 was also negative 5%. Average Number of Days on the Market declined from 84 to 74 or 12% over the last year. The Number of Units Sold increased from 45 to 48 or 7% and the decline since 2008-09 was 23%. Annual Sales Volume increased by 1% from $13,789,440 in 2009-10 to $13,929,964 in 2010-11 and down 27% from 2008-09.

The City of Decatur market had a 6% decline in Average Sales Price from $368,948 to $346,985 in the last year. Since 2008-09 prices in Decatur are down by 11%. Average Days on the Market decreased slightly over the last year from 60 to 59 days. The Number of Units Sold was up by 9% from 183 to 199 over the last 12 months. Looking back 24 months, the number of units sold was off by 14%. Annual Sales Volume in Decatur increased by 2% from $67,517,484 in 2009-10 to $69,050,015 in 2010-11. Sales Volume is down 24% from 2008-09’s number of $90,333,840.

The Pine Lake market experienced a 1% increase in Average Sales Price from $132,925 in ’09-‘10 to $134,261 in the last 12 months. Over the last 24 months, the Average Sales Price was up 4%. The Average Days on the Market decreased from 94 days to 88 days. The Number of Units Sold was 13 units in the last year, down from 14 in 2009-10. In 2008-09, 12 units sold. Annual Sales Volume decreased by 6% from $1,860,950 to $1,745,393 in the last year and it is down 13% over the last two years.

The Decatur neighborhood of Glenwood Estates had a 23% decrease in Average Sales Price from $508,562 to $392,800. Over a two year period, the Average Sales Price also dropped 23%. The Average Days on the Market was up from 58 days to 66 days or 14%. Five units sold in the last year compared to 8 units that sold in 2009-10. 8 units also sold in ’08-‘09. Annual Sales Volume was down 52% from $4,068,496 in 2009-10 to $1,964,000 in 2010-11. The decrease from 2008-09 was also 52%.

The Great Lakes market had a 23% decrease in Average Sales Price from $542,785 in 2008-09 to $415,300 in 2010-11. This market was down 3% from 2008-09. The Average Number of Days on the Market was down by 66% from 108 days to 37 days. The Number of Units Sold dropped from 7 to 6 units in the last year. Annual Sales Volume was down by 34% from $3,799,495 to $2,491,800 in the last twelve months. Over the last 24 months, Annual Sales Volume was up by 17%.

The Oakhurst neighborhood had a 5% fall in Average Sales Price from $353,796 in ’09-10 to $335,855 in the last year. The average was down by 7% since 2008-09. The Average Number of Days on the Market fell from 62 days in 2009-10 to 56 days in 2010-11. The Number of Units Sold went from 77 to 83 units per year or an increase of 8%. This number was up 14% from 2008-09. Annual Sales Volume rose by 2% from $27,242,292 to $27,875,965 in the last 12 months. Since 2008-09, sales volume has increased by 5%.

The Winnona Park market had a 2% increase in Average Sales Price from $358,913 in 2009-10 to $364,478 in the last 12 months. In 2008-09, the Average Sales Price was $445,862. The Average Days on the Market increased 1% from 81 to 82. The Number of Units Sold rose from 20 to 23 or 15% in the last 12 months. Since 2008-09 sales were up by 5%. Annual Sales Volume increased by 17% from $7,178,260 to $8,382,994 in the last year. Over the last two years, the drop in sales volume was 48%.

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

Intown Atlanta North- Adams Realtors March 2011 Residential Real Estate Market Survey

2011-03-27T17:34:00.000-07:00

The March 2011 survey of the Intown Atlanta North markets had two markets, Ansley Park and Inman Park, experiencing an increase in Average Sales Price. Inman Park, Midtown and Morningside were markets that saw a decrease in the Average Number of Days on the Market. The Ansley Park, Morningside, Midtown and Poncey Highland markets experienced an increase in the Number of Units Sold in 2010-11. Ansley Park, Midtown, Morningside and Poncey Highland were neighborhoods that had an increase in Annual Sales Volume over the 12 months.

Here is a market by market review of our March survey:

Ansley Park had a 15% increase in Average Sales Price from $839,465 in 2009-10 to $964,749 in 2010-11. The change since February 2009 was a negative 8%. The Average Days on the Market was up to 201 from 111 last year, an increase of 81%. The Number of Units Sold was up to 24 sales from 23 sales in 2009-10. Two years ago 18 properties sold in Ansley Park. Annual Sales Volume for the year ending February 2011 was $23,153,976. This number represented an increase of 20% over the last 12 months and 22% over the figure from 2008-09.

Inman Park’s Average Sales Price of $471,645 reflected an 8% increase over last year’s average and a drop of 5% from 24 months ago. The Average Number of Days on the Market decreased by 10% to 73 days from 81 days last year. In 2008-09, the average time on the market in Inman Park was 67 days. For the year ending in February 2011, 20 properties had closed, down 31% from last year’s total and a decline of 20% over the figure from 24 months ago. Annual Sales Volume in 2010-11 totaled $9,432,900, a 26% decrease over 2009-10’s number and 24% less than 2008-09’s total.

In Midtown the Average Sales Price was $470,422. This average was 1% less than a year ago and 11% less that the average for February 2009. The Average Number of Days on the Market decreased to 66 in the last year, down 6% from 2009-10. The Number of Units Sold over the last year was 33, up 74% over the last 12 months and up 22% from ’08-‘09. The Annual Sales Volume in Midtown was $15,523,926, up 72% from last year and 8% from February 2009.

Morningside had an Average Sales Price of $564,725, a fall of 9% over the last year and 14% over the last 24 months. The Average Number of Days on the Market in Morningside fell to 87 days from 98 days in the last year, a decrease of 11%. 124 properties sold in the last year, an increase of 19% from the 104 units that sold in 2009-10 and down 7% from 24 months ago. Annual Sales Volume was $70,025,900, 9% more than last year and 20% less than 2008-09’s number.

Poncey Highland experienced a tiny decrease in Average Sales Price from $402,625 to $400,791. The Average Number of Days on the Market increased 24% to 72 days up from 58 days a year ago. Six properties sold in 2010-11 compared to 4 in 2009-10. Total Sales Volume in the last year was $2,404,746, a rise of 49% over the year and slightly higher than 2008-09’s number of $2,400,696.

The Average Sales Price in Virginia Highland was $505,072, a 10% decline over the last year and a fall of 22% since 2008-09. The Average Number of Days on the Market increased to 82 days from 81 days in 2009-10, a 1% increase. 86 properties sold in the market over the last 12 months, a 10% increase. Two years ago, 82 properties sold in Virginia Highland. Total Sales Volume in the last year was $43,436,192, a decline of 1% since ’09-‘10 and a drop of 19% since February 2009.

Our next report will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake.

March 2011 Adams Realtors Market Survey of the Atlanta in DeKalb Neighborhoods

2011-03-21T11:51:00.000-07:00

In our March 2011 survey of the Atlanta in DeKalb markets, none of the markets experienced a year over year increase in Average Sales Price. Candler Park and Lake Claire were the only the neighborhoods that had a decrease in Average Days on the Market. Once again this month, Druid Hills and Lake Claire had an increase in the Number of Units Sold over the last 12 months. These same neighborhoods also experienced an increase in Sales Volume over the last year.

Here is a recap of the Atlanta in DeKalb individual markets:

Candler Park had an Average Sales Price of $388,978 which reflected a year over year decline of 7% and a decline of 14% since February 2009. The Average Number of Days on the Market fell to 85 days, a year over year decrease of 23% and a two year increase of 89%. The Number of Units Sold decreased from 46 to 38 over the last year, a 17% decrease. Sales Volume in the 12 months ending in February 2011 was $14,781,164, which was down 23% over the last year and down 30% from 2008-09’s number.

Druid Hills’ Average Sales Price decreased 7% over the last year to $551,897 from $591,504. It was down 8% from the figure for the year 2008-09. The Average Days on the Market in Druid Hills was up to 103 days from 89 a year ago and up from 71 two years ago. 60 properties sold in this market in the last 12 months. This number was up from 53 in 2009-10 and down from the 74 units that sold in 2008-09. Annual Sales Volume was $33,113,820, a 6% year over year increase and down 26% from 2008-09’s sales volume.

The Average Sales Price in East Atlanta was $175,683 in last 12 months, a decrease of 2% in the last year. The Average Number of Days on the Market this year was 76 days, up from 72 days last year and from 74 the year before. East Atlanta had 93 sales in the last 12 months a 22% decrease over the year ending February’10 and 21% less than the Number of Units Sold in the year ending in February 2009. Annual Sales Volume was $16,338,519, down 23% over the last year and off 31% from the 12 months ending February 28, 2009.

East Lake had an Average Sales Price of $199,297 which is a 5% decrease in value over the last year and also a 5% decline over the last 24 months. The Average Days on the Market was 66 days, an increase of 35% over the last 12 months. 37 properties closed in 2010-11. This was down 14% from the year ending in February 2010. Annual Sales Volume in East Lake was $7,373,989 which was an 18% decrease form 2009-10’s figure and a 31% drop since February 2009.

The Edgewood market experienced a 16% decrease in Average Sales Price over the last 12 months going from an average of $162,658 in ’09-‘10 to $136,779 in ’10-‘11. These numbers were down 8% from the average of $148,092 in ’08-’09. The Average Days on the Market was up to 91 days from75 last year and 67 days two years ago. Edgewood had a 36% decrease in the Number of Units Sold, from 50 to 32 over the last 12 months. The one year period ending February 2009 had 49 sales. The Annual Sales Volume was $4,376,928, a 46% decline over 2009-10’s number and 40% less than 2008-‘09’s Annual Sales Volume.

Kirkwood experienced a 2% drop in Average Sales Price going from $218,516 in 2009-10 to $214,022 in 2010-11. In 2008-09, the Average Sales Price in Kirkwood was $228,360. The Average Number of Days on the Market increased to 97 days from 68 days last year and 68 days in 2008-09. The Number of Units Sold fell 18% over the last year from 126 to 103. In 2008-09, 157 properties sold in Kirkwood. Annual Sales Volume was $22,044,266 in 2010-11, a decline of 20% from 2009-10 and 39% less than 2008-09.

Lake Claire’s current Average Sales Price is $414,898, down slightly from last year’s number of $416,585. The Average Number of Days on the Market was down over the last year from 95 days to 82 days. In 2008-09 this number was 51 days. In the last 12 months 41 properties sold in Lake Claire, up 52% from ’09-‘10. Two years ago, 34 properties sold. Annual Sales Volume was up 51% over the last 12 months from $11,247,795 to $17,010,818. In 2008-09, Lake Claire had a sale volume of $15,895,578.

Our next posting will cover the Intown Atlanta North markets.

Cabbagetown, Grant Park, Ormewood Park & Reynoldstown-March 2011 Adams Realtors Residential Market Survey

2011-03-18T11:01:00.000-07:00

In our March 2011 Adams Realtors Intown South survey, Grant Park was the only neighborhood to experience an increase in Average Sales Price. The Average Days on the Market was down in Ormewood Park and in Reynoldstown. Once again this month, the Number of Units Sold fell in every market and Annual Sales Volume also dropped in all of the markets.

In Cabbagetown, the Average Sales Price over the last 12 months was $199,387; this number reflects a 6% decline in value over the last year and a 19% decrease in value over the last 24 months. Average Days on the Market was 116 days, a 73% increase over the last year and a 170% increase over a two year period. In the last year 8 properties sold in Cabbagetown, down from 14 in the 12 months ending in February 2010 and down from the 17 properties that sold during the 12 months that ended in February 2009. This represents a decrease of 43% over the last year and a fall of 53% from 24 months ago. Sales Volume in the last year totaled $1,595,096, a decrease of 47% over the prior year and down 62% from two years ago.

The Grant Park market had an Average Sales Price of $255,340. This number was 1% above the February 2010 number and down 2% from the 2008-09 average. The Average Number of Days on the Market was 80 days. This was unchanged from a year ago and down 4% from 83 days two years ago. 77 properties sold in Grant Park during 2010-11. This represents a 23% decrease from February 2010’s number of 100 and a drop of 31% from two years ago when 111 properties were sold. Annual Sales Volume for the year 2010-11 was $19,661,180, a 22% decrease over ‘09-‘10’s figure and 32% less than Annual Sales Volume of $28,847,790 from 2008-09.

The Average Sales Price in Ormewood Park was $181,712 over the last 12 months. This number reflected a decrease of 17% over the last year and a drop of 23% over the last 24 months. The Average Number of Days on the Market in Ormewood Park was 65 days. Last year it was 68 days and the year before, the average was 59 days. The Number of Units Sold in the market for the 12 months ending February 2011 was 58 properties. This represented a decrease of 18% from 2009-10. Total Sales Volume was $10,539,296, a 32% decrease from last year’s figure of $15,592,807 and a 33% decrease over the February 2009 total of $15,732,002.

The Reynoldstown market had an Average Sales Price of $161,818 which represented a 3% decrease from last year’s figure of $165,899 and a 13% drop from the ’08-‘09 figure of $185,462. The Average Days on the Market fell to 43 days, a decrease of 31% over last year and a 32% drop when compared to the average two years ago. 18 properties sold in Reynoldstown during the last 12 months compared to 30 units in 2009-10 and 35 units in 2008-09. Sales Volume in this market was $2,912,724 for the 12 months that ended in February 2011. This was a drop of 42% from 2009-10 and 55% from 2008-09.

Our next report will cover the Atlanta in DeKalb markets.

REALTOR® Magazine-Daily News-Are Home Prices Declining Too Much?

2011-03-17T14:55:00.000-07:00

REALTOR® Magazine-Daily News-Are Home Prices Declining Too Much?

Adams Realtors Intown Atlanta Market Survey-March '11

2011-03-10T17:41:00.000-08:00

Our March 2011 Intown Atlanta Market Survey measures market activity and changes for the residential real estate market as a whole from March 1, 2008 to February 28, 2011.

The Average Sales Price for the 12 months ending February 28, 2011 nudged up slightly from $303,588 last month to $304,339, a .24% increase. The Average Sales Price was down 14% from last February’s number of $355,693. On February 28, 2009 the Average Sales Price was $388,036, almost 27% higher than today’s average

Average Number of Days on the Market was 83 days over the last 12 months. It was only 81 days in 2009-10. In 2008-09, the Average Number of Days on the Market was 79days. Thus, over one year, the average was up 3% and the two year change was an increase of 6%.

The Number of Units Sold during last 12 months was 1,508, while in the 12 months ending February 28, 2010, 1,485 units sold. In 2008-09 1,710 units sold. The one year change was up by 2% and over two years the number of sales was down 12%.

Annual Sales Volume for the last 12 months of 2010-11 was $458,942,780 compared to $476,553,169 in ’09-‘10 and $544,594,306 in 2008-09. The one year change was a negative 4% and the two year change was negative 16%

The month’s survey contained some positive news. Compared to our report last month; Average Sales Price, Number of Units Sold and Sales Volume were all up slightly. The “year over year” numbers were still very negative, although “less negative” than in past months. We have experienced several false starts on the road to recovery over the last few years and this may yet turn out to be another one. We will see if the “positive” trend holds over the next few months.

Our next report will examine the Intown South market

REALTOR® Magazine-Daily News-Mortgage Purchase Activity at Highest of Year

2011-03-09T11:13:00.000-08:00

REALTOR® Magazine-Daily News-Mortgage Purchase Activity at Highest of Year

College Park, East Point & Hapeville-February 2011 Residential Real Estate Market Survey

2011-02-28T12:21:00.000-08:00

In our February 2011 survey of the Tri-Cities markets, the College Park market had a year over year increase in Average Sales Price. Once again this month, East Point was the only market that had a year over year decline in Average Number of Days on the Market. This month, none of the markets had an increase in the Number of Units Sold and none had an increase in Annual Sales Volume.

Here are the results from our February 2011 Market Survey for the Tri-Cities:

College Park had a 12% increase in Average Sales Price from $127,161 in 2009-10 to $142,032 in the last year. Since 2008-09, the Average Sales Price was down 32%. The Average Number of Days on the Market was up from 102 to 132 or 29% over the last two years. The Number of Units Sold fell from 61 units to 54 units in the last 12 months. The Annual Sales Volume in College Park was down 1% from $7,756,821 to $7,669,728 over the last 12 months and down 36% over the last 24 months.

The East Point market had a fall in Average Sales Price from $60,453 to $52,583 or 13% in the last year. Over the last 24 months, East Point experienced a 37% decrease in Average Sales Price. The Average Number of Days on the Market went from 86 to 79 or an 8% drop. The Number of Units Sold decreased from 228 in 2009-10 to 196 in the last year, a decline of 14%. Annual Sales Volume in East Point had a 25% drop from $13,783,284 in 2009-10 to $10,306,268 in the last year. Over the last 24 months, Annual Sales Volume was off 48% in East Point.

Hapeville’s Average Sales Price was down from $87,130 in 2009-10 to $83,822 in the last year or 4%. The decline in Average Sales Price from 2008-09 to 2010-11 was 33%. The Number of Days on the Market increased from 86 to 104 or 21%. Over the last 24 months, the average Number of Days on the Market increased by 11%. The Number of Units Sold fell from 31 to 25 properties per year over the last two 12 month periods. In 2008-09, 35 properties sold. Annual Sales Volume was down by 22% from $2,701,030 to $2,095,550 over the last year. Over the last 24 months, Hapeville’s Annual Sales Volume has dropped by 52% from $4,363,240.

Avondale Estates, Decatur & Pine Lake-Adams Realtors Resiential Real Estate Market Survey-February 2011

2011-02-27T16:34:00.000-08:00

In our February 2011 survey of the Central DeKalb markets, all of the markets, except for Pine Lake and Winnona Park, had a year over year decrease in Average Sales Price. The Number of Days on the Market was down in Avondale Estates and Pine Lake and up in Decatur. The City of Decatur and its Oakhurst and Winnona Park neighborhoods were, once again, this month, markets that experienced an increase in the Number of Units Sold over the last year. Winnona Park and the City of Decatur were also markets that had an increase in Annual Sales Volume in the last 12 months.

Here are the results of our Adams Realtors February 2011 survey:

Avondale Estates experienced a tiny decrease in Average Sales Price from $294,721 in 2009-10 to $294,146 in the last 12 months. The change from 2008-09 was negative 7% Average Number of Days on the Market declined from 82 to 73 or 11% over the last year. The Number of Units Sold dropped from 50 to 45 or 10% and the decline since 2008-09 was 32%. Annual Sales Volume declined by 10% from $14,736,050 in 2009-10 to $13,236,570 in 2010-11 and down 37% from 2008-09.

The City of Decatur market had a 6% decline in Average Sales Price from $374,235 to $350,191 in the last year. Since 2008-09 prices in Decatur are down by 10%. Average Days on the Market increased slightly over the last year from 59 to 60 days. The Number of Units Sold was up by 9% from 186 to 202 over the last 12 months. Looking back 24 months, the number of units sold was off by 25%. Annual Sales Volume in Decatur increased by 2% from $69,607,710 in 2009-10 to $70,738,582 in 2010-11. Sales Volume is down 33% from 2008-09’s number of $104,967,900.

The Pine Lake market experienced a 2% increase in Average Sales Price from $132,376 in ’09-‘10 to $135,281 in the last 12 months. Over the last 24 months, the Average Sales Price was off 13%. The Average Days on the Market decreased from 96 days to 89 days. The Number of Units Sold was 11 units in the last year, down from 15 in 2009-10. In 2008-09, 17 units sold. Annual Sales Volume decreased by 25% from $1,985,640 to $1,487,398 in the last year and it is down 44% over the last two years.

The Decatur neighborhood of Glenwood Estates had a 23% decrease in Average Sales Price from $508,562 to $392,800. Over a two year period, the Average Sales Price dropped 10%. The Average Days on the Market was up from 58 days to 66 days or 14%. Five units sold in the last year compared to 8 units that sold in 2009-10. 5 units also sold in ’08-‘09. Annual Sales Volume was down 52% from $4,068,496 in 2009-10 to $1,964,000 in 2010-11. The decrease from 2008-09 was 10%.

The Great Lakes market had a 17% decrease in Average Sales Price from $542,785 in 2008-09 to $449,360 in 2010-11. This market was down 7% from 2008-09. The Average Number of Days on the Market was down by 63% from 108 days to 40 days. The Number of Units Sold dropped from 7 to 5 units in the last year. Annual Sales Volume was down by 41% from $3,799,495 to $2,246,800 in the last twelve months. Over the last 24 months, Annual Sales Volume was off by 61%.

The Oakhurst neighborhood had a 3% fall in Average Sales Price from $357,529 in ’09-10 to $348,354 in the last year. The average was down by 7% since 2008-09. The Average Number of Days on the Market was the same, 58 days, in both 2009-10 and 2010-11. The Number of Units Sold went from 79 to 81 units per year or an increase of 3%. This number was down 19% from 2008-09. Annual Sales Volume decreased by 1% from $28,244,791 to $28,054,674 in the last 12 months. Since 2008-09, sales volume has dropped by 25%.

The Winnona Park market had a 1% rise in Average Sales Price from $367,989 in 2009-10 to $371,021 in the last 12 months. In 2008-09, the Average Sales Price was $403,086. The Average Days on the Market declined by 7% from 90 to 84. The Number of Units Sold rose from 21 to 23 or 10% in the last 12 months. Since 2008-09 sales were down by 23%. Annual Sales Volume increased by 10% from $7,727,769 to $8,533,483 in the last year. Over the last two years, the drop in sales volume was 29%.

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

Adams Realtors February 2011 Survey of the Intown Atlanta North Residential Real Estate Market

2011-02-23T12:32:00.000-08:00

The February 2011 survey of the Intown Atlanta North markets had two markets, Ansley Park and Inman Park, experiencing an increase in Average Sales Price. Inman Park, Midtown, Virginia Highland and Morningside were markets that saw a decline in the Average Number of Days on the Market. Ansley Park, Morningside, Midtown, Poncey Highland and Virginia Highland were markets that experienced an increase in the Number of Units Sold in 2010-11. Ansley Park, Midtown, Virginia Highland and Poncey Highland were neighborhoods that had an increase in Annual Sales Volume in the last year.

Here is a market by market review of our February survey:

Ansley Park had a 5% increase in Average Sales Price from $897,074 in 2009-10 to $943,534 in 2010-11. The change since January 2009 was a negative 4%. The Average Days on the Market was up to 204 from 104 last year, an increase of 96%. The Number of Units Sold was up to 24 sales from 23 sales in 2009-10. Two years ago 19 properties sold in Ansley Park. Annual Sales Volume for the year ending January 2011 was $22,644,816. This number represented an increase of 10% over the last 12 months and 21% over the figure from 2008-09.

Inman Park’s Average Sales Price of $470,609 reflected an 8% increase over last year’s average and a drop of 20% from 24 months ago. The Average Number of Days on the Market decreased by 1% to 77 days from 78 days last year. In 2008-09, the average time on the market in Inman Park was 89 days. For the year ending in January 2011, 22 properties had closed, down 19% from last year’s total and a decline of 21% over the figure from 24 months ago. Annual Sales Volume in 2010-11 totaled $10,353,398, a 12% decrease over 2009-10’s number and 38% less than 2008-09’s total.

The Average Sales Price in Midtown as of December 2010 was $470,904. This average was 12% less than a year ago and 28% less that the average for January 2009. The Average Number of Days on the Market decreased to 54 in the last year, down 29% from 2009-10. The Number of Units Sold over the last year was 32, up 78% over the last 12 months and down 9% from ’08-‘09. The Annual Sales Volume in Midtown was $15,068,928, up 57% from last year and down 34% from January 2009.

Morningside had an Average Sales Price of $572,171, a fall of 8% over the last year and 14% over the last 24 months. The Average Number of Days on the Market in Morningside fell to 83 days from 96 days in the last year, a decrease of 14%. 110 properties sold in the last year, an increase of 2% from the 108 units that sold in 2009-10 and down 38% from 24 months ago. Annual Sales Volume was $62,938,810, 6% less than last year and 46% less than 2008-09’s number.

Poncey Highland experienced a tiny decrease in Average Sales Price from $402,625 to $400,791. The Average Number of Days on the Market increased 24% to 72 days up from 58 days a year ago. Six properties sold in 2010-11 compared to 4 in 2009-10. Total Sales Volume in the last year was $2,404,746, a rise of 49% over the year and a decrease of 49% over 2008-09’s number of $4,733,300.

The Average Sales Price in Virginia Highland was $494,555, a 12% decline over the last year and a fall of 24% since 2008-09. The Average Number of Days on the Market decreased to 80 days from 81 days in 2009-10, a 1% decrease. 89 properties sold in the market over the last 12 months, a 20% increase. Two years ago, 103 properties sold in Virginia Highland. Total Sales Volume in the last year was $44,015,395, an increase of 5% since ’09-‘10 and a drop of 34% since January 2009.

Our next report will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake.

Adams Realtors February '11 Survey of the Atlanta in DeKalb Residential Real Estate Market

2011-02-21T06:48:00.000-08:00

In our February 2011 survey of the Atlanta in DeKalb markets, East Atlanta and East Lake experienced year over year increases in Average Sales Price. Three of the neighborhoods had a decrease in Average Days on the Market. Druid Hills and Lake Claire had an increase in the Number of Units Sold in the last year. These same neighborhoods, plus East Lake, also experienced an increase in Sales Volume over the last 12 months.

Here is a recap of the Atlanta in DeKalb individual markets:

Candler Park had an Average Sales Price of $394,358 which reflected a year over year decline of 7% and a decline of 9% since January 2009. The Average Number of Days on the Market fell to 76 days, a year over year decrease of 32% and a two year increase of 27%. The Number of Units Sold decreased from 47 to 34 over the last year, a 28% decrease. Sales Volume in the 12 months ending in January 2011 was $13,408,172, which was down 32% over the last year and down 31% from 2008-09’s number.

Druid Hills’ Average Sales Price decreased 13% over the last year to $523,223 from $599,391. It was down 17% from the figure for the year 2008-09. The Average Days on the Market in Druid Hills was up to 105 days from 88 a year ago and up from 83 two years ago. 60 properties sold in this market in the last 12 months. This number was up from 51 in 2009-10 and down from the 83 units that sold in 2008-09. Annual Sales Volume was $31,393,380, a 3% year over year increase. It was, however, 39% less than 2008-09’s sales volume.

The Average Sales Price in East Atlanta was $183,299 in last 12 months, an increase of 5% in the last year. The Average Number of Days on the Market this year was 69 days, down from 75 days last year and up from 61 the year before. East Atlanta had 91 sales in the last 12 months a 21% decrease over the year ending January’10 and 35%less than the Number of Units Sold in the year ending in January 2009. Annual Sales Volume was $16,680,209, down 17% over the last year and off 42% from the 12 months ending January 31, 2009.

East Lake had an Average Sales Price of $210,841 which is a 7% increase in value over the last year and 3% decline over the last 24 months. The Average Days on the Market was 66 days, an increase of 38% over the last 12 months. 40 properties closed in 2010-11. This was unchanged from the year ending in January 2010. Annual Sales Volume in East Lake was $8,433,640 which was a 7% increase form 2009-10’s figure and a 37% drop since January 2009.

The Edgewood market experienced a 16% decrease in Average Sales Price over the last 12 months going from an average of $165,780 in ’09-‘10 to $138,470 in ’10-‘11. These numbers were down 8% from the average of $150,419 in ’08-’09. The Average Days on the Market was stable at 81 days over the last two years. Edgewood had a 26%decrease in the Number of Units Sold, from 47 to 35 over the last 12 months. The one year period ending January 2009 had 57 sales. The Annual Sales Volume was $4,846,450, a 38% decline over 2009-10’s number and 43% less than 2008-‘09’s Annual Sales Volume.

Kirkwood experienced a 2% drop in Average Sales Price going from $218,089 in 2009-10 to $213,274 in 2010-11. In 2008-09, the Average Sales Price in Kirkwood was $268,985. The Average Number of Days on the Market increased to 101 days from 64 days last year and 59 days in 2008-09. The Number of Units Sold fell 19% over the last year from 129 to 104. In 2008-09, 150 properties sold in Kirkwood. Annual Sales Volume was $22,180,496 in 2010-11, a decline of 21% from 2009-10 and 45% less than 2008-09.

Lake Claire’s current Average Sales Price is $411,196, up slightly from last year’s number of $410,762. The Average Number of Days on the Market was down over the last year from 89 days to 80 days. In 2008-09 this number was 59 days. In the last 12 months 44 properties sold in Lake Claire, up 83% from ’09-‘10. Two years ago, 48 properties sold. Annual Sales Volume was up 84% over the last 12 months from $9,858,288 to $18,120,784. In 2008-09, Lake Claire had a sale volume of $20,627,424.

Our next posting will cover the Intown Atlanta North markets.

February 2011 Adams Realtors Residential Real Estate Survey-Cabbagetown, Grant Park, Ormewood Park & Reynoldstown

2011-02-17T14:03:00.000-08:00

In our February 2011 Adams Realtors Intown South survey, Grant Park and Reynoldstown experienced an increase in Average Sales Price. The Average Days on the Market was down in Grant Park and in Reynoldstown. The Number of Units Sold fell in every market. Annual Sales Volume also dropped in all of the markets.

In Cabbagetown, the Average Sales Price over the last 12 months was $205,210; this number reflects a 4% decline in value over the last year and a 17% decrease in value over the last 24 months. Average Days on the Market was 100 days, a 47% increase over the last year and a 156% increase over a two year period. In the last year 10 properties sold in Cabbagetown, down from 13 in the 12 months ending in January 2010 and down from the 29 properties that sold during the 12 months that ended in January 2009. This represents a decrease of 23% over the last year and a fall of 66% from 24 months ago. Sales Volume in the last year totaled $2,052,100, a decrease of 26% over the prior year and down 71% from two years ago.

The Grant Park market had an Average Sales Price of $265,739. This number was 4% above the January 2010 figure and slightly up from the 2008-09 average. The Average Number of Days on the Market was 79 days. This was down from 82 a year ago and 86 two years ago. 69 properties sold in Grant Park during 2010-11. This represents a 30% decrease from January 2010’s number of 99 and a drop of 41% from two years ago when 117 properties were sold. Annual Sales Volume for the year 2010-11 was $18,335,991, a 27% decrease over ‘09-‘10’s figure and 40% less than annual sales volume of $30,649,905 from 2008-09.

The Average Sales Price in Ormewood Park was $186,530 over the last 12 months. This number reflected a decrease of 15% over the last year and a drop of 25% over the last 24 months. The Average Number of Days on the Market in Ormewood Park was 69 days. Last year it was 68 days and the year before, the average was 61 days. The Number of Units Sold in the market for the 12 months ending January 2011 was 55 properties. This represented a decrease of 23% from 2009-10. Total Sales Volume was $10,259,150, a 34% decrease from last year’s figure of $15,650,885 and a 40% decrease over the January 2009 total of $17,011,628.

The Reynoldstown market had an Average Sales Price of $167,375 which represented a 1% increase from last year’s figure of $165,755 and a 33% drop from the ’08-‘09 figure of $248,204. The Average Days on the Market fell to 46 days, a decrease of 25% over last year and a 32% drop when compared to the average two years ago. 19 properties sold in Reynoldstown during the last 12 months compared to 31 units in 2009-10 and 34 units in 2008-09. Sales Volume in this market was $3,180,125 for the 12 months that ended in January 2011. This was a drop of 38% from 2009-10 and 62% from 2008-09.

Our next report will cover the Atlanta in DeKalb markets.

REALTOR® Magazine-Daily News-Will Rising Rates Jeopardize Housing Recovery?

2011-02-15T13:00:00.000-08:00

REALTOR® Magazine-Daily News-Will Rising Rates Jeopardize Housing Recovery?

February '11 Intown Atlanta Residential Real Estate Market Overview

2011-02-13T15:53:00.000-08:00

Our February 2011 Intown Atlanta Market Survey measures market activity and changes for the market as a whole from February 1, 2008 to January 31, 2011.

The Average Sales Price for the 12 months ending January 31, 2011 was $303,588 a .8% increase from last month’s number and down 16% from last January’s number of $360,851. On January 31, 2009 the Average Sales Price was $409,158, almost 34% higher than today’s average

Average Number of Days on the Market was 82 days over the last 12 months. It was only 80 days in 2009-10. In 2008-09, the Average Number of Days on the Market was 77 days. Thus over one year average was up 3% and the two year change was an increase of 7%.

The Number of Units Sold during last 12 months was 1,491, while in the 12 months ending January 31, 2010, 1,492 units sold. In 2008-09 1,889 sold. The one year change was down by only one unit and over two years the number of sales was down 21%.

Annual Sales Volume for the last 12 months of 2010-11 was $452,649,643 compared to $480,088,004 in ’09-‘10 and $657,406,948 in 2008-09. The one year change was a negative 6% and the two year change was negative 31%

The first month of 2011’s data is in and 2011 sure looks a lot like 2010. Home prices in the Intown Atlanta market, on average, continue a double digit year over year decline. The Number of Days on the Market has drifted upward a bit and is still at a “reasonable” level. The number of transactions remained flat over the last two years and well below historic levels. Sales Volume declined slightly in the last 12 months and is only about 2/3’s of what it was a couple of years ago. We will have a better handle on the year’s outlook for the Intown residential market in a few months once the spring selling season arrives. One question is what effect will the upward trend in mortgage interest rates have on the market? Having purchased a home in 1983 when the fixed rate mortgages were around 18%, I tend to think any interest rate under 10% is a good deal! Another question is what effect the proposed phase-out of Fannie Mae and Freddie Mac may have on the marketplace and will the proposed stricter underwriting and equity requirements drive buyers into the market before they take effect. The changes may make it more difficult to buy a house and may mean that transaction levels may never return to their “historic” levels. We will know more about the scope of these changes and their effect in the coming months.

Our next report will examine the Intown South market

REALTOR® Magazine-Daily News-Home Ownership Offers Plenty of Tax Benefits

2011-02-07T09:52:00.000-08:00

REALTOR® Magazine-Daily News-Home Ownership Offers Plenty of Tax Benefits

College Park, East Point & Hapeville-January 2011 Residential Market Survey

2011-01-31T13:22:00.000-08:00

In our January 2011 survey of the Tri-Cities markets, the College Park and Hapeville markets had a year over year increase in Average Sales Price. Once again this month, East Point was the only market that had a year over year decline in Average Number of Days on the Market. None of the markets had an increase in the Number of Units Sold. College Park and Hapeville also showed an increase in Annual Sales Volume.

Here are the results from our January Market Survey for the Tri-Cities:

College Park had a 14% increase in Average Sales Price from $124,922 in 2009 to $142,502 in 2010. Since 2008, the Average Sales Price was down 32%. The Average Number of Days on the Market was up from 99 to 135 or 36% over the last two years. The Number of Units Sold fell from 60 units to 57 units in the last 12 months. The Annual Sales Volume in College Park was up by 8% from $7,495,320 to $8,122,614 over the last 12 months and down 32% over the last 24 months.

The East Point market had a fall in Average Sales Price from $59,802 to $53,416 or 11% in the last year. Going back 24 months, East Point experienced a 36% decrease in Average Sales Price. The Average Number of Days on the Market went from 88 to 77 or a 13% drop. The Number of Units Sold decreased from 232 in 2009 to 196 in 2010, a decline of 16%. Annual Sales Volume in East Point had a 25% drop from $13,874,064 in 2009 to $10,469,536 in 2010. Over the last 24 months, Annual Sales Volume was off 47% in East Point.

Hapeville’s Average Sales Price was up from $84,598 in 2009 to $89,010 in 2010 or 5%. The decline in Average Sales Price from 2008 to 2010 was 29%. The Number of Days on the Market increased from 81 to 106 or 31%. Over the last 24 months, the average Number of Days on the Market increased by 13%. The Number of Units Sold fell from 28 to 27 properties per year over the last two 12 month periods. In 2008 35 properties sold. Annual Sales Volume was up by 1% from $2,386,744 to $2,403,270 over the last year. Over the last 24 months, Hapeville’s Annual Sales Volume has dropped by 45%.

Avondale Estates, Decatur & Pine Lake 2010 Residential Real Estate Market Survey

2011-01-28T15:11:00.000-08:00

In our January 2011 survey of the Central DeKalb markets, all of the markets, except for Avondale Estates, had a year over year decrease in Average Sales Price. The Number of Days on the Market was down in Avondale Estates and Decatur and up in Pine Lake. The City of Decatur and its Oakhurst and Winnona Park neighborhoods were markets that experienced an increase in the Number of Units Sold in 2010. Winnona Park, Oakhurst and the City of Decatur were also markets that had an increase in Annual Sales Volume in 2010.

Here are the results of our Adams Realtors January 2011 survey:

Avondale Estates experienced a tiny increase in Average Sales Price from $296,252 in 2009 to $297,702 in 2010. The change from 2008 was negative 6% Average Number of Days on the Market declined from 84 to 70 or 17% over the last year. The Number of Units Sold dropped from 51 to 45 or 12% and the decline since 2008 was 32%. Annual Sales Volume declined by 11% from $15,108,852 in 2009 to $13,396,590 in 2010 and down 36% from 2008.

The City of Decatur market had a 7% decline in Average Sales Price from $377,178 to $349,720 in the last year. Since 2008 prices in Decatur are down by 10%. Average Days on the Market fell slightly over the last year from 60 to 59 days. The Number of Units Sold was up by 21% from 174 to 211 over the last 12 months. Looking back 24 months, the number of units sold was off by 22%. Annual Sales Volume in Decatur increased by 12% from $65,626,972 in 2009 to $73,970,920 in 2010. Sales Volume is down 30% from 2008’s number.

The Pine Lake market experienced a 4% decrease in Average Sales Price from $136,050 in ’09 to $131,107 in ‘10. Over the last 24 months, the Average Sales Price was off 16%. The Average Days on the Market increased from 77 days to 110 days. The Number of Units Sold was 13 units in both 2010 and 2009. In 2008, 17 units sold. Annual Sales Volume decreased by 4% from $1,768,650 to $1,704,391 in the last year and it is down 36% over the last two years.

The Decatur neighborhood of Glenwood Estates had a 23% decrease in Average Sales Price from $508,562 to $392,800. Over a two year period, the Average Sales Price dropped 10%. The Average Days on the Market was up from 58 days to 66 days or 14%. Five units sold in 2010 compared to 8 units that sold in 2009. 5 units also sold in ‘08. Annual Sales Volume was down 52% from $4,068,496 in 2009 to $1,964,000 in 2010. The decrease from 2008 was 10%.

The Great Lakes market had a 15% decrease in Average Sales Price from $529,312 in 2008-09 to $449,360 in 2010. This market was down 7% from 2008. The Average Number of Days on the Market was down by 59% from 97 days to 40 days. The Number of Units Sold dropped from 8 to 5 units in the last year. Annual Sales Volume was down by 47% from $4,234,496 to $2,246,800 in the last twelve months. Over the last 24 months, Annual Sales Volume was off by 61%.

The Oakhurst neighborhood had a 3% fall in Average Sales Price from $359,131 in ‘09 to $348,544 in ‘10. The average was down by 6% since 2008. The Average Number of Days on the Market was the same, 58 days, in both 2009 and 2010. The Number of Units Sold went from 75 to 83 units per year or an increase of 11%. This number was down 17% from 2008. Annual Sales Volume increased by 7% from $26,934,825 to $28,929,152 in the last 12 months. Since 2007-08, sales volume has dropped by 22%.

The Winnona Park market had a 1% decline in Average Sales Price from $372,275 in 2009 to $368,270 in 2010. In 2008, the Average Sales Price was $403,086. The Average Days on the Market declined by 2% from 87 to 85. The Number of Units Sold rose from 21 to 24 or 14% in the last 12 months. Since 2008 sales were down by 20%. Annual Sales Volume increased by 13% from $7,817,775 to $8,838,480 in the last year. Over the last two years, the drop in sales volume was 27%.

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

January 2011 Adams Realtors Survey of the Intown Atlanta North Residential Real Estate Market

2011-01-24T11:58:00.000-08:00

The January 2011 survey of the Intown Atlanta North markets had three of the markets, Ansley Park, Inman Park and Poncey Highland, experiencing an increase in Average Sales Price. Inman Park, Midtown and Morningside were markets that saw a decline in the Average Number of Days on the Market. Morningside, Poncey Highland and Virginia Highland were the only markets to have an increase in the Number of Units Sold in 2010. Ansley Park and Poncey Highland were the only neighborhoods that had an increase in Annual Sales Volume in the last year.

Here is a market by market review of our January survey:

Ansley Park had a 7% increase in Average Sales Price from $897,074 in 2009 to $960,644 in 2010. The change since December ’08 was a negative 2%. The Average Days on the Market was up to 202 from 104 last year, an increase of 94%. The Number of Units Sold was unchanged at 23 sales in both 2009 and 2010. Two years ago 19 properties sold in Ansley Park. Annual Sales Volume for the year ending December 2010 was $22,094,812. This number represented an increase of 7% over the last 12 months and 18% over the figure from 2008.

Inman Park’s Average Sales Price of $455,800 reflected a 3% increase over last year’s average and a drop of 23% from 24 months ago. The Average Number of Days on the Market decreased by 3% to 74 days over the last year. In 2008, the average time on the market in Inman Park was 89 days. For the year ending in December, 23 properties had closed, down two transactions from last year’s total and a decline of 17% over the figure from 24 months ago. Annual Sales Volume in 2010 totaled $10,483,400, a 5% decrease over 2009’s number and 37% less than 2008’s total.

The Average Sales Price in Midtown as of December 2010 was $468,247. This average was 15% less than a year ago and 28% less that the average for December ’08. The Average Number of Days on the Market decreased to 58 in the last year, down 17% from 2009. The Number of Units Sold over the last year was 32, up 88% over the last 12 months and down 8% from ’08. The Annual Sales Volume in Midtown was $14,983,904, up 60% from last year and down 34% from December 2008.

Morningside had an Average Sales Price of $586,370, a fall of 6% over the last year and 12% over the last 24 months. The Average Number of Days on the Market in Morningside fell to 86 days from 93 days in the last year, a decrease of 8%. 111 properties sold in 2010, an increase of 6% from the 105 units that sold in 2009 and down 37% from 24 months ago. Annual Sales Volume was $65,087,070, 1% less than last year and 45% less than 2008’s number.

Poncey Highland experienced a 2% increase in Average Sales Price from $394,260 to $400,791. The Average Number of Days on the Market increased 24% to 72 days up from 58 days a year ago. Six properties sold in 2010 versus 5 in 2009. Total Sales Volume in 2010 was $2,404,746, a rise of 23% over the year and a decrease of 49% over 2008.

The Average Sales Price in Virginia Highland was $492,799, a 13% decline over the last year and a fall of 24% since 2008. The Average Number of Days on the Market increased to 79 days from 78 days in 2009, a 1% increase. 82 properties sold in the market over the last 12 months, a 5% increase. Two years ago, 103 properties sold in Virginia Highland. Total Sales Volume was $40,409,518, a decrease of 8% since ‘09 and a drop of 40% since December 2008.

Our next report will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake.

Atlanta in DeKalb Residential Market Survey-January 2011

2011-01-20T11:57:00.000-08:00

In our January 2011 survey of the Atlanta in DeKalb markets, East Atlanta, East Lake and Lake Claire experienced year over year increases in Average Sales Price. Five neighborhoods had a decrease in Average Days on the Market. Druid Hills, East Lake and Lake Claire had an increase in the Number of Units Sold in 2010. These same three neighborhoods also experienced an increase in Sales Volume over the last 12 months.

Here is a recap of the individual markets:

Candler Park had an Average Sales Price of $394,358 which reflected a year over year decline of 8% and a decline of 9% since December 2008. The Average Number of Days on the Market fell to 76 days, a year over year decrease of 32% and a two year increase of 27%. The Number of Units Sold decreased from 48 to 34 over the last year, a 29% decrease. Sales Volume in the 12 months ending in December 2010 was $13,408,172, which was down 35% over the last year and down 31% from 2008’s figure.

Druid Hills’ Average Sales Price decreased 10% over the last year to $531,695 from $593,579. It was down 16% from the figure for the year 2008. The Average Days on the Market in Druid Hills was up to 99 days from 90 a year ago and up from 83 two years ago. 61 properties sold in this market in the last 12 months. This number was up from 50 in 2009 and down from the 81 units that sold in 2008. Annual Sales Volume was $32,433,395, a 9% year over year increase. It was, however, 37% less than 2008’s sales volume.

The Average Sales Price in East Atlanta was $185,879 in 2010, an increase of 8% in the last 12 months. The Average Number of Days on the Market this year was 72 days, down from 77 days last year and 81 the year before. East Atlanta had 90 sales in the last 12 months a 23% decrease over the year ending December ’09 and 36% less than the Number of Units Sold in the year ending in December ’08. Annual Sales Volume was $16,729,110, down 17% over the last year and off 42% from the 12 months ending December ’08.

East Lake had an Average Sales Price of $203,015 which is a 2% increase in value over the last year and 6% decline over the last 24 months. The Average Days on the Market was 66 days, an increase of 27% over the last 12 months. 41 properties closed in 2010. This was up from 40 units in the year ending in December’09. Annual Sales Volume in East Lake was $8,323,615 which was a 5% increase form 2009’s figure and a 38% drop since December 2008.

The Edgewood market experienced an 14% decrease in Average Sales Price over the last 12 months going from an average of $163,733 in ’09 to $140,498 in ’10. These numbers were down 7% from the average of $150,419 in ’08. The Average Days on the Market was down to 70 days from 79 days last year. Edgewood had a 35% decrease in the Number of Units Sold, from 48 to 31 over the last 12 months. The one year period ending December 2008 had 57 sales. The Annual Sales Volume was $4,355,438, a 45% decline over 2009’s number and 49% less than 2008’s Annual Sales Volume.

Kirkwood experienced a 3% drop in Average Sales Price going from $219,318 in 2009 to $213,755 in 2010. In 2008, the Average Sales Price in Kirkwood was $268,985. The Average Number of Days on the Market increased to 102 days from 63 days last year and 58 days in 2008. The Number of Units Sold fell 22% over the last year from 132 to 102. In 2008 150 properties sold in Kirkwood. Annual Sales Volume was $22,016,765 in 2010, a decline of 24% from 2009 and 45% less than 2008.

Lake Claire’s current Average Sales Price is $423,402, up from 2009’s number of $410,658. The Average Number of Days on the Market was down over the last year from 99 days to 78 days. In 2008 this number was 63 days. In the last 12 months 42 properties sold in Lake Claire, up 75% from ’09. Two years ago, 48 properties sold. Annual Sales Volume was up 80% over the last 12 months from $9,855,782 to $17,782,884. In 2008, Lake Claire had a sale volume of $20,627,424.

Our next posting will cover the Intown Atlanta North markets.

Grant Park, Cabbagetown, Ormewood Park and Reynoldstown 2010 Residential Real Estate Survey

2011-01-17T04:50:00.000-08:00

In our January 2011 Adams Realtors Intown South survey, Grant Park was the only market with an increase in Average Sales Price. The Average Days on the Market was down in Ormewood Park and in Reynoldstown. The Number of Units Sold was down in every market. Annual Sales Volume was also down in all of the markets surveyed.

In Cabbagetown, the Average Sales Price over the 12 months of 2010 was $214,009; this number reflects a 1% decline in value over the last year and a 13% decrease in value over the last 24 months. Average Days on the Market was 89 days, a 25% increase over the last year and a 128% increase over a two year period. In the last year 11 properties sold in Cabbagetown, down from 12 in the 12 months ending in December 2009 and down from the 29 properties that sold during the 12 months that ended in December 2008. This represents a decrease of 8% over the last year and a fall of 62% from 24 months ago. Sales Volume in the last year totaled $2,354,099, a decrease of 9% over the prior year and down 67% from two years ago.

The Grant Park market had an Average Sales Price of $262,387. This number was 4% above the December ’09 figure and slightly up from the 2008 average. The Average Number of Days on the Market was 83 days. This was up from 82 a year ago and 86 two years ago. 75 properties sold in Grant Park during 2010. This represents a 20% decrease from December 2009’s number of 94 and a drop of 36% from two years ago when 117 properties were sold. Annual Sales Volume for the year 2010 was $19,679,025, a 17% decrease over 09’s figure and 36% less than annual sales volume of $30,649,905 from 2008.

The Average Sales Price in Ormewood Park was $192,109 in 2010. This number reflected a decrease of 11% over the last 12 months and a drop of 23% over the last 24 months. The Average Number of Days on the Market in Ormewood Park was 68 days. Last year it was 69 days and the year before, the average was 61 days. The Number of Units Sold in the market for the 12 months ending December 2010 was 52 properties. This represented a decrease of 32% from 2009. Total Sales Volume was $9,989,668, a 40% decrease over last year’s figure of $16,562,864 and a 41% decrease over the December 2008 total of $17,011,628.

The Reynoldstown market had an Average Sales Price of $161,059 which represented a 5% decrease from the 2009’s figure of $170,103 and a 35% drop from the ’08 figure of $248,204. The Average Days on the Market fell to 41 days, a decrease of 37% over last year and a 40% fall when compared to the average two years ago. 19 properties sold in Reynoldstown during 2010 compared to 31 units in 2009 and 34 units in 2008. Sales Volume in this market was $3,060,121 for the 12 months that ended on December 31st. This was a drop of 42% from 2009 and 64% from 2008.

Our next report will cover the Atlanta in DeKalb markets.

January 2011 Intown Atlanta Market Summary

2011-01-14T10:34:00.000-08:00

This January 2011 Intown Atlanta Market Survey measures market activity and changes over the last three calendar years. This report looks at the numbers from the market as a whole from January 1, 2008 to December 31, 2010.

The Average Sales Price for the 12 months ending December 31, 2010 was $301,042 a small increase from last month’s number and down 17% from last December’s number of $361,597. On December 31, 2008 the Average Sales Price was $409,158, almost 26% higher than today’s average

Average Number of Days on the Market was 82 days over the last year. It was only 79 days in 2009. In 2008, the Average Number of Days on the Market was 77 days. Thus over one year average was up 4% and the two year change was an increase of 6%.

The Number of Units Sold during 2010 was 1,502, while in the 12 months ending December 31, 2009 1,484 units sold. In 2008 1,889 sold. The one year change is a positive 1% and over two years in number of sales was down 20%.

Annual Sales Volume for the 12 months of 2010 was $442,627,430 compared to $475,027,496 in ’09 and $657,406,948 in 2008. The one year change was a negative 7% and the two year change was negative 33%

In every category, except for Number of Units Sold, 2010 was a worse year than 2009 for the Intown Atlanta residential real estate market. 2011 ought to be a better year with employment numbers looking better and overall confidence levels going up. A combination of more confidence and relatively low mortgage interest rates should drive demand enough to increase the number of transaction this year. Whether that causes sales prices to increase is anyone’s guess. My guess is that prices will not begin to rise until 2012 and 2011 will be a year of flat prices. After several years of price decline, that will be a good occurrence!

Our next report will examine the Intown South market

Adams Realtors December '10 Survey of the College Park, East Point and Hapeville Markets

2011-01-05T08:04:00.000-08:00

In our December 2010 survey of the Tri-Cities markets, College Park was the only market that had a year over year increase in Average Sales Price. East Point was the only market that had a year over year decline in Average Number of Days on the Market. None of the markets had an increase in the Number of Units Sold. College Park was the only market to show an increase in Annual Sales Volume.

Here are the results from our December 2010 Market Survey for the Tri-Cities:

College Park had a 26% increase in Average Sales Price from $117,382 in 2008-09 to $148,621 in 2009-10. Since 2007-08, the Average Sales Price was down 31%. The Average Number of Days on the Market was up from 98 to 132 or 35% over the last two years. The Number of Units Sold fell from 60 units to 56 units in the last 12 months. The Annual Sales Volume in College Park was up by 18% from $7,069,920 to $8,322,776 over the last 12 months and down 37% over the last 24 months.

The East Point market had a tiny decrease in Average Sales Price from $57,129 to $57,061 in the last year. Going back 24 months, East Point experienced a 35% decrease in Average Sales Price. The Average Number of Days on the Market went from 87 to 82 or a 6% drop. The Number of Units Sold decreased from 234 in ’08-‘09 to 205 in ’09-‘10, a decline of 15%. Annual Sales Volume in East Point had a 12% drop from $113,368,186 in 2008-09 to $11,697,505 in 2009-10. Over the last 24 months, Annual Sales Volume was off 46% in East Point.

Hapeville’s Average Sales Price was down from $95,231 in 2008-09 to $89,595 in 2009-10 or 6%. The decline in Average Sales Price from 2007-08 to today was 24%. The Number of Days on the Market increased from 79 to 111 or 41%. Over the last 24 months, the average Number of Days on the Market increased by 12%. The Number of Units Sold fell from 30 to 27 properties per year over the last two 12 month periods. In the period November 2007 to October 2008, 38 properties sold. Annual Sales Volume dropped by 15% from $2,856,930 to $2,419,065 over the last year. Over the last 24 months, Hapeville’s Annual Sales Volume is down by 46%.

HAPPY NEW YEAR!

REALTOR® Magazine-Daily News-Officials Search for Fannie-Freddie Road Map

2010-12-29T11:16:00.000-08:00

REALTOR® Magazine-Daily News-Officials Search for Fannie-Freddie Road Map

Avondale Estates, Decatur & Pine Lake-Adams Realtors December 2010 Residential Market Survey

2010-12-28T12:50:00.000-08:00

In our December 2010 survey of the Central DeKalb markets, only Avondale Estates and the City of Decatur neighborhood of Glenwood Estates had a year over year increase in Average Sales Price. The Number of Days on the Market was down Avondale Estates and Decatur and up in Pine Lake. Pine Lake and the City of Decatur, as well as its Oakhurst and Winnona Park neighborhoods, were markets that experienced an increase in the Number of Units Sold over the last year. Winnona Park, Glenwood Estates, Oakhurst, the City of Decatur and Pine Lake were markets that had an increase in Annual Sales Volume from 2009 to 2010.

Here are the results of our Adams Realtors December 2010 survey:

Avondale Estates experienced an increase in Average Sales Price from $269,997 in 2008-09 to $301,213 in 2009-10 a rise of 12%. The change from ’07 was negative 5% Average Number of Days on the Market declined from 88 to 69 or 22% over the last year. The Number of Units Sold dropped from 53 to 45 or 15% and the decline since 2007 was 22%. Annual Sales Volume declined by 5% from $14,309,841 to $13,554,585 from ’08-’09 to ’09- ’10 and down 27% from 2007.

The City of Decatur market had an 8% decline in Average Sales Price from $383,068 to $353,385 in the last year. Since 2007 prices in Decatur are down by 10%. Average Days on the Market fell slightly over the last year from 60 to 59 days. The Number of Units Sold was up by 21% from 171 to 207 over the last 12 months. Looking back 24 months, the number of units sold was off by 14%. Annual Sales Volume in Decatur increased by 13% from $65,504,628 in 2008-09 to $73,150,695 in 2009-10. Sales Volume is down 23% from 2007-08’s number.

The Pine Lake market experienced a 6% decrease in Average Sales Price from $141,786 in ’08-‘09 to $132,712 in ’09-‘10. Over the last 24 months, the Average Sales Price was up 3%. The Average Days on the Market increased from 72 days to 107 days. The Number of Units Sold was 16 units in ’09-’10, up from 11 units sold in ’08-’09 and in ’07-‘08. Annual Sales Volume increased by 36% from $1,559,646 to $2,123,392 in the last year and up 50% over the last two years.

The Decatur neighborhood of Glenwood Estates had a 7% increase in Average Sales Price from $464,250 to $495,666. Over a two year period, the Average Sales Price was up 5%. The Average Days on the Market was up from 45 days to 72 days or 60%. Six units sold in each of the last two 12 month periods compared to the 10 units that sold in ’07-‘08. Annual Sales Volume was up 7% from $2,785,500 in ’08-‘09 to $2,973,996 in ’09-‘10. The decrease from 2007-08 was 37%.

The Great Lakes market had a 15% decrease in Average Sales Price from $529,312 in 2008-09 to $449,360 in 2009-10. This market was up 10% over the two year period. The Average Number of Days on the Market was down by 59% from 97 days to 40 days. The Number of Units Sold dropped from 8 to 5 units in the last year. Annual Sales Volume was down by 47% from $4,234,496 to $2,246,800 in the last twelve months. Over the last 24 months, Annual Sales Volume was up 10%.

The Oakhurst neighborhood had a 5% fall in Average Sales Price from $364,452 in ’08-‘09 to $346,207 in ’09-‘10. The average was unchanged over the last two years. The Average Number of Days on the Market was up 9% from 56 to 61. The Number of Units Sold went from 71 to 79 units per year or an increase of 11%. This number was up 1% from 2007-08. Annual Sales Volume increased by 6% from $25,876,092 to $27,350,353 in the last 12 months. Since 2007-08, sales volume has risen by 2%.

The Winnona Park market had an 11% drop in Average Sales Price from $398,713 in 2008-09 to $355,384 in 2009-10. In 2007-08, the Average Sales Price was $447,976. The Average Days on the Market declined by 26% from 103 to 76. The Number of Units Sold rose from 20 to 26 or 30% in the last 12 months. Since 2007-08, sales were down by 19%. Annual Sales Volume increased by 16% from $7,974,260 to $9,239,984 in the last year. Over the last two years, the drop in sales volume was 36%.

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

Adams Realtors Intown Atlanta-North Residential Market Survey

2010-12-21T13:15:00.000-08:00

The December 2010 survey of the Intown Atlanta North markets had only two of the submarkets experiencing an increase in Average Sales Price. Inman Park, Midtown, Morningside, Poncey Highland and Virginia Highland were markets that saw a decline in the Average Number of Days on the Market. Midtown and Virginia Highland were the only markets to have an increase in the Number of Units Sold over the last 12 months. Midtown and Poncey Highland were the only neighborhoods that had an increase in Annual Sales Volume in the last year.

Here is a market by market review of our December survey:

Ansley Park had a 2% increase in Average Sales Price from $948,446 in 2008-09 to $968,949 in 2009-10. The change since November’08 was a positive 3%. The Average Days on the Market was up to 201 from 107 last year, an increase of 88%. The Number of Units Sold was down by 4% from 24 to 23 over the last 12 month period. Two years ago 21 properties sold in Ansley Park. Annual Sales Volume for the year ending November 2010 was $22,285,827. This number represented a decline of 2% over the last 12 months and 13% over the figure from 24 months ago.

Inman Park’s Average Sales Price of $447,641 reflected a 1% decrease over last year’s average and a drop of 11% from 24 months ago. The Average Number of Days on the Market decreased by 9% to 72 days over the last year. However, 24 months ago, the average time on the market in Inman Park was 75 days. For the year ending this November, 24 properties had closed, down two transactions from last year’s total and a decline of 17% over the figure from 24 months ago. Annual Sales Volume over the last 12 months totaled $10,743,384, an 8% decrease over the November ’09 number and 26% less than the November 2008’s total.

The Average Sales Price in Midtown as of November 2010 was $484,675. This average was 4% less than a year ago and 19% less that the average for November ’08. The Average Number of Days on the Market decreased to 61 in the last year, down 12% from November ’09. The Number of Units Sold over the last year was 36, up 140% over the last 12 months and 16% from November ’08. The Annual Sales Volume in Midtown was $17,952,018, up 69% from last year and down 5% from November 2008.

Morningside had an Average Sales Price of $571,419, a fall of 9% over the last year and 14% over the last 24 months. The Average Number of Days on the Market in Morningside fell to 83 days from 91 days in the last year, a decrease of 9%. 106 properties sold in the last 12 months, a decrease of 2% from the 108 units that sold in the prior 12 months and down 28% from 24 months ago. Annual Sales Volume was $60,570,414, 11% less than last year and 38% less than November 2008’s number.

Poncey Highland experienced a 13% increase in Average Sales Price from $395,260 to $446,300. The Average Number of Days on the Market fell 5% to 55 days down from 58 days a year ago. Five properties sold in each of the last three 12 month periods. Total Sales Volume between December ’09 and November ‘10 was $2,231,500, a rise of 13% over the year and a decrease of 7% over the last 24 months.

The Average Sales Price in Virginia Highland was $501,794, a 13% decline over the last year and a fall of 24% since 2008. The Average Number of Days on the Market fell to 72 days from 82 days in November ’09, a 12% decrease. 80 properties sold in the market over the last 12 months, an 8% increase. Two years ago, 83 properties sold in Virginia Highland. Total Sales Volume was $40,143,520, a decrease of 6% since November ’09 and a drop of 26% since November 2008.

Our next report will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake.

Atlanta in DeKalb Intown Residential Survey for December 2010

2010-12-16T12:59:00.000-08:00

In our December 2010 survey of the Atlanta in DeKalb markets only East Atlanta experienced year over year increase in Average Sales Price, while the Average Sales Price in Kirkwood and Lake Claire was virtually unchanged. Four neighborhoods had a positive trend, meaning a decrease, in Average Days on the Market. Druid Hills and Lake Claire had an increase in the Number of Units Sold over the past year. Druid Hills and Lake Claire also had an increase in Sales Volume over the last 12 months.

Here is a recap of the individual markets for December:

Candler Park had an Average Sales Price of $388,506 which reflected a year over year decline of 8% and a decline of 14% since November 2008. The Average Number of Days on the Market fell to 80 days, a year over year decrease of 24% and a two year increase of 86%. The Number of Units Sold decreased from 51 to 31 over the last year, a 39% decrease. Sales Volume in the 12 months ending in November was $12,043,686, which was down 44% over the last year and down 45% from two years ago.

Druid Hills’ Average Sales Price decreased 8% over the last year to $538,075 from $583,372. It was down 14% from the figure for the year ending in November of 2008. The Average Days on the Market in Druid Hills was up to 98 days from 95 a year ago and up from 68 two years ago. 59 properties sold in this market in the last 12 months. This number was up from 48 in the last 12 month period and down from the 82 units that sold two years ago. Annual Sales Volume was $31,746,425, a 13% year over year increase. It was 38% less than the period from December ’07 to November ’08.

The Average Sales Price in East Atlanta was $181,781 in the last 12 months, an increase of 2% in the last 12 months. The Average Number of Days on the Market this year was 73 days, down from 76 days last year and the year before. East Atlanta had 98 sales in the last 12 months a 13% decrease over the year ending November’09 and 18% less than the Number of Units Sold in the year ending in November ’08. Annual Sales Volume was $17,814,538, down 11% over the last year and off 28% from the 12 months ending November ’08.

East Lake had an Average Sales Price of $202,622 which is a 2% decrease in value over the last year and 6% decline over the last 24 months. The Average Days on the Market was 64 days, an increase of 19% over the last 12 months. 38 properties closed in the last twelve months. This was down from 43 units in the year ending in November’09.
Annual Sales Volume in East Lake was $7,699,636 which was a 14% decrease form last year’s figure and a 33% drop since November 2008.

The Edgewood market experienced an 11% decrease in Average Sales Price over the last 12 months going from an average of $159,557 in ’09 to $142,342 in ’10. These numbers were down 8% from the average of $149,652 in ’08. The Average Days on the Market edged down to 71 days from 78 days last year. Edgewood had a 32% decrease in the Number of Units Sold, from 47 to 38 over the last 12 months. The one year period ending November ’08 had 54 sales. The Annual Sales Volume was $4,554,944, a 39% decline over ‘09’s number and 44% less than 2008’s Annual Sales Volume.

Kirkwood experienced a virtually no change in Average Sales Price going from $216,629 in 2009 to $216,616 in 2010. In 2008, the Average Sales Price in Kirkwood was $242,340. The Average Number of Days on the Market increased to 99 days from 65 days last year and 66 days the year before. The Number of Units Sold fell 21% over the last year from 133 to 105. In 2008 161 properties sold in Kirkwood. Annual Sales Volume was $22,744,680 this year, a decline of 21% from last year and 42% less that 2008.

Lake Claire’s current Average Sales Price is $427,429, up slightly from last year’s number of $425,712. The Average Number of Days on the Market was down over the last year from 97 days to 77 days. In 2008 this number was 50 days. In the last 12 months 42 properties sold in Lake Claire, up 68% from ’09. Two years ago, 43 properties sold. Annual Sales Volume was up 69% over the last 12 months from $10,642,800 to $17,952,018. In 2008, Lake Claire had a sale volume of $18,794,354.

Our next posting will cover the Intown Atlanta North markets.

Cabbagetown, Grant Park, Oremwood Park & Reynoldstown December 2010 Market Survey

2010-12-12T10:56:00.000-08:00

Our December 2010 Adams Realtors Intown South survey had all of the markets suffering a drop in Average Sales Price. The Number of Units Sold increased in Cabbagetown. The Average Days on the Market decreased again in Grant Park and Reynoldstown. Annual Sales Volume in the last year was up only in Cabbagetown

In Cabbagetown, the Average Sales Price over the last 12 months was $214,161; this number reflects a 2% decline in value over the last year and a 12% decrease in value over the last 24 months. Average Days on the Market was 79 days, a 14% decrease over the last year and a 126% increase over a two year period. In the last 12 months 13 properties sold in Cabbagetown, up from 11 in the 12 months ending in November 2009 and down from the 15 properties that sold during the 12 months that ended in November 2008. This represents an increase of 18% over the last year and a fall of 13% from 24 months ago. Sales Volume in the last year totaled $3,216,090, an increase of 32% over the prior year and down 13% from two years ago.

The Grant Park market had an Average Sales Price of $249,075. This number was 3% below the November’09 figure and down 4% from the November ’08 average. The Average Number of Days on the Market was 85 days. This was up from 81 a year ago and 89 two years ago. 78 properties sold in Grant Park during the last 12 months. This represents a 17% decrease from November 2009’s number of 94 and a drop of 37% from two years ago when 124 properties were sold. Annual Sales Volume for the most recent 12 month period was $19,427,850, a 19% decrease over last year’s figure and 40% less than annual sales volume of $32,200,196 from two years ago.

The Average Sales Price in Ormewood Park was $194,441. This number reflected a decrease of 10% over the last 12 months and a drop of 20% over the last 24 months. The Average Number of Days on the Market in Ormewood Park was 67 days. Last year it was 70 days and the year before, the average was 61 days. The Number of Units Sold in the market for the 12 months ending November 2010 was 58 properties. This represented a decrease of 19% from last year. Total Sales Volume was $11,277,578, a 28% decrease over last year’s figure of $15,579,000 and a 32% decrease over the November 2008 total of $16,669,710.

The Reynoldstown market had an Average Sales Price of $152,869 which represented a 17% decrease from the ’09 figure of $183,574 and a 24% drop from the ’08 figure of $202,094. The Average Days on the Market fell to 31 days, a decrease of 58% over last year and a 52% fall when compared to the average two years ago. 23 properties sold in Reynoldstown during the last year compared to 27 units the year before and 40 units in 2008. Sales Volume in this market was $3,515,987 for the 12 months that ended on November 30th. This was a drop of 29% from ’09 and 57% from ’08.

Our next report will cover the Atlanta in DeKalb markets.

REALTOR® Magazine-Daily News-5 Predictions for 2011

2010-12-10T13:22:00.000-08:00

REALTOR® Magazine-Daily News-5 Predictions for 2011

December 2010 Adams Realtors Intown Atlanta Residential Market Survey

2010-12-09T17:22:00.000-08:00

Our December 2010 Intown Atlanta Market Survey measures market activity and changes over the last three years. This report looks at the numbers from the market as a whole from December 1, 2007 to November 30, 2010.

The Average Sales Price for the 12 months ending November 30, 2010 was $300,764 a slight increase from last month’s number and down 17% from the November 30, 2009 number of $364,015. On November 30, 2008 the Average Sales Price was $394,932, almost 24% higher than today’s average

Average Number of Days on the Market was 81 days over the last 12 months and also 81 days for the period 2008-09. In 2007-08, the Average Number of Days on the Market was 80 days. Thus over one year average was unchanged and the two year change was a positive 1%.

The Number of Units Sold in the last 12 months was 1,523, while in the 12 months ending November 2009 1,474 units sold and from December 2007 to November 2008 1,781 sold. The one year change is a positive 3% and the two year change is negative 14%.

Annual Sales Volume from December ’09 to November ’10 was $458,063,531 compared to $472,986,265 in ’08-’09 and $597,488,145 in ’07-’08. The one year change was down 3% and the two year change was negative 23%

My crystal ball is still pretty cloudy as far as 2011 is concerned. I predict that interest rates will stay flat for most of the year. I feel like the employment situation will improve and that combined with low interest rates will drive up housing demand. The Number of Transaction should increase over 2010’s numbers which were an improvement over 2009. I am not sure that the Average Sales Price for the overall market will increase over 2010. I do feel that the numbers will be less negative that the 17% year over year decline from 2009 to 2010. The basic fundamentals that make the Intown Atlanta market attractive are still in place and this next year will be a better year than this year.

Our next report will examine the Intown South market

REALTOR® Magazine-Daily News-Tax-Free Home Sales Could Be Vulnerable

2010-12-06T11:39:00.000-08:00

REALTOR® Magazine-Daily News-Tax-Free Home Sales Could Be Vulnerable

College Park, East Point and Hapeville Market Survey

2010-11-29T12:16:00.000-08:00

In our November 2010 survey of the Tri-Cities markets, the East Point and College Park markets had a year over year increase in Average Sales Price. East Point was the only market that had a year over year decline in Average Number of Days on the Market. College Park had an increase in the Number of Units Sold on a year over year basis. College Park was also the only market to show an increase in Annual Sales Volume.

Here are the results from our November 2010 Market Survey for the Tri-Cities:

College Park had a 16% increase in Average Sales Price from $125,240 in 2008-09 to $145,594 in 2009-10. Since 2007-08, the Average Sales Price was down 34%. The Average Number of Days on the Market was up from 108 to 125 or 16% over the last two years. The Number of Units Sold rose from 58 units to 59 units in the last 12 months. The Annual Sales Volume in College Park was up by 18% from $7,263,920 to $8,590,046 over the last 12 months and down 36% over the last 24 months.

The East Point market had a 7% increase in Average Sales Price from $55,907 to $59,816 in the last year. Going back 24 months, East Point experienced a 34% decrease in Average Sales Price. The Average Number of Days on the Market went from 88 to 82 or a 7% drop. The Number of Units Sold decreased from 239 in ’08-‘09 to 203 in ’09-‘10, a decline of 15%. Annual Sales Volume in East Point had a 9% drop from $13,361,773 in 2008-09 to $12,142,648 in 2009-10. Over the last 24 months, Annual Sales Volume was off 43% in East Point.

Hapeville’s Average Sales Price was down from $95,765 in 2008-09 to $92,088 in 2009-10 or 4%. The decline in Average Sales Price from 2007-08 to today is 22%. The Number of Days on the Market increased from 88 to 1113 or 12%. Over the last 24 months, the average Number of Days on the Market increased by 24%. The Number of Units Sold was unchanged over the last two years at 29 properties per year. In the period November 2007 to October 2008, 38 properties sold. Annual Sales Volume dropped by 4% from $2,777,185 to $2,670,552 over the last year. Over the last 24 months, Hapeville’s Annual Sales Volume is down by 40%.

Avondale Estates, Decatur and Pine Lake Residential Market Survey

2010-11-28T16:08:00.000-08:00

In our November 2010 survey, all of the Central DeKalb markets had a year over year drop in Average Sales Price. The Number of Days on the Market was unchanged in Decatur, down Avondale Estates and up in Pine Lake. The City of Decatur, as well as it’s neighborhoods of Oakhurst and Glenwood Estates, were markets that experienced an increase in the Number of Units Sold over the last year. Glenwood Estates, Oakhurst and the City of Decatur were the only markets that had an increase in Annual Sales Volume from 2009 to 2010.

Here are the results of our Adams Realtors November 2010 survey:

Avondale Estates experienced a decrease in Average Sales Price from $297,141 in 2008-09 to $293,268 in 2009-10 a fall of 1%. The change from ’07 was negative 8% Average Number of Days on the Market declined from 92 to 68 or 26% over the last year. The Number of Units Sold dropped from 55 to 45 or 18% and the decline since 2007 was 20%. Annual Sales Volume declined by 19% from $16,342,755 to $13,197,060 from ’08-’09 to ’09- ’10 and down 26% from 2007.

The City of Decatur market had an 8% decline in Average Sales Price from $386,015 to $356,030 in the last year. Since 2007 prices in Decatur are down by 5%. Average Days on the Market stayed the same over the last two years at 59 days. The Number of Units Sold was up by 32% from 154 to 204 over the last 12 months. Looking back 24 months, the number of units sold was off by 19%. Annual Sales Volume in Decatur increased by 22% from $59,446,310 in 2008-09 to $72,630,120 in 2009-10. Sales Volume is down 23% from 2007-08’s number.

The Pine Lake market experienced a 4% decrease in Average Sales Price from $134,926 in ’08-‘09 to $129,376 in ’09-‘10. Over the last 24 months, the Average Sales Price was flat. The Average Days on the Market increased by 5% from 79 days to 83 days. The Number of Units Sold was 13 units per year in both 2008-09 and ’09-’10. Annual Sales Volume fell 4% from $1,754,038 to $1,681,888 in the last year and up 30% over the last two years.

The Decatur neighborhood of Glenwood Estates had an 11% decrease in Average Sales Price from $512,900 to $456,428. Over a two year period, the Average Sales Price was down 2%. The Average Days on the Market was up from 44 days to 68 days or 55%. Glenwood Estates experienced an increase in the Number of Units Sold from 5 in 2008-09 to 7 in 2009-10 or 40%. Annual Sales Volume was up 25% from $2,564,500 in ’08-‘09 to $3,194,996 in ’09-‘10. The decrease from 2007-08 was 38%.

The Great Lakes market had a 15% decrease in Average Sales Price from $529,312 in 2008-09 to $449,360 in 2009-10. This market was down 2% over the two year period. The Average Number of Days on the Market was down by 59% from 97 days to 40 days. The Number of Units Sold dropped from 8 to 5 units in the last year. Annual Sales Volume was down by 47% from $4,234,496 to $2,246,800 in the last twelve months. Over the last 24 months, Annual Sales Volume was down 18%.

The Oakhurst neighborhood had a 3% fall in Average Sales Price from $364,323 in ’08-‘09to $353,532 in ’09-‘10. The average was up 3% over the last two years. The Average Number of Days on the Market was UP 21% from 52 to 63. The Number of Units Sold went from 65 to 76 units per year or an increase of 17%. This number was down 13% from 2007-08. Annual Sales Volume was up by 13% from $23,680,995 to $26,868,432 in the last 12 months. Since 2007-08, sales volume has fallen by 10%.

The Winnona Park market had a 19% drop in Average Sales Price from $417,659 in 2008-09 to $339,868 in 2009-10. In 2007-08, the Average Sales Price was $437,628. The Average Days on the Market declined by 35% from 106 to 69. The Number of Units Sold fell from 23 to 22 or 4% in the last 12 months. Since 2007-08, sales were down by 27%. Annual Sales Volume fell by 22% from $9,606,157 to $7,477,096 in the last year. Over the last two years, the drop in sales volume was 43%.

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

Ansley Park, Inman Park, Midtown, Morningside, Poncey Highland and Virginia Highland Market Survey

2010-11-26T13:53:00.000-08:00

The November 2010 survey of the Intown Atlanta North markets had three of the submarkets experiencing an increase in Average Sales Price. Inman Park, Midtown, Morningside and Poncey Highland were markets that saw a decline in the Average Number of Days on the Market. Midtown was the only market to have an increase in the Number of Units Sold over the last 12 months. Midtown was also the only neighborhood that had an increase in Annual Sales Volume in the last year.

Here is a market by market review of our November survey:

Ansley Park had a 2% increase in Average Sales Price from $948,446 in 2008-09 to $967,537 in 2009-10. The change since November’08 was minus 10%. The Average Days on the Market was up to 209 from 107 last year, an increase of 95%. The Number of Units Sold was down by 8% from 24 to 22 over the last 12 month period. Two years ago 24 properties sold in Ansley Park. Annual Sales Volume for the year ending October 2010 was $21,285,814. This number represented a decline of 6% over the last 12 months and 18% over the last 24 months.

Inman Park’s Average Sales Price of $445,408 reflected a 2% decrease over last year’s average and a drop of 11% from 24 months ago. The Average Number of Days on the Market decreased by 9% to 71 days over the last year. However, 24 months ago, the average time on the market in Inman Park was 75 days. For the year ending this October, 23 properties had closed, down two transactions from last years total and a decline of 21% over the figure from 24 months ago. Annual Sales Volume over the last 12 months totaled $10,244,384, a 10% decrease over the October ’09 number and 30% less than the October 2008’s total.

The Average Sales Price in Midtown as of October 2010 was $491,424. This average was 1% more than a year ago and 16% less that the average for October ’08. The Average Number of Days on the Market decreased to 61 in the last year, down 18% from October ’09. The Number of Units Sold over the last year was 34, up 70% over the last 12 months and 26% from October ’08. The Annual Sales Volume in Midtown was $16,708,416, up 72% from last October and up 5% from October 2008.

Morningside had an Average Sales Price of $559,316, a fall of 11% over the last year and 17% over the last 24 months. The Average Number of Days on the Market in Morningside fell to 85 days from 88 days in the last year, a decrease of 3%. 110 properties sold in the last 12 months, an increase of 3% from the 107 units that sold in the prior 12 months and down 29% from 24 months ago. Annual Sales Volume was $61,524,760, 8% less than last year and 41% less than October 2008’s number.

Poncey Highland experienced a 24% increase in Average Sales Price from $406,663 to $502,250. The Average Number of Days on the Market fell 58% to 62 days down from 148 days a year ago. Four properties sold in the last 12 months, a drop of 33%. Two years ago 5 units sold. Total Sales Volume between November ’09 and October ‘10 was $2,009,000, a fall of 18% over the year and an increase of 4% over the last 24 months.

The Average Sales Price in Virginia Highland was $506,191, a 13% decline over the last year and a fall of 24% since 2008. The Average Number of Days on the Market rose to 81 days from 75 days in October ’09, an 8% increase. 80 properties sold in the market over the last 12 months, a 6% increase. Two years ago, 85 properties sold in Virginia Highland. Total Sales Volume was $40,878,280, a decrease of 6% since October ’09 and a drop of 28% since October 2008.

Our next report will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake.

Candler Park, Druid Hills, East Atlanta, East Lake, Edgewood, Kirkwood and Lake Claire Markets

2010-11-25T09:42:00.000-08:00

In our November 2010 survey of the Atlanta in DeKalb markets only East Atlanta experienced year over year increase in Average Sales Price. Five neighborhoods had a positive trend in Average Days on the Market. Druid Hills, East Lake and Lake Claire all experienced an increase in the Number of Units Sold over the past year. Druid Hills and Lake Claire also had an increase in Sales Volume over the last 12 months.

Here is a recap of the individual markets for November:

Candler Park had an Average Sales Price of $373,748 which reflected a year over year decline of 12% and a decline of 17% since October 2008. The Average Number of Days on the Market fell to 80 days, a year over year decrease of 23% and a two year increase of 86%. The Number of Units Sold decreased from 50 to 29 over the last year, a 42% decrease. Sales Volume in the 12 months ending in October was $10,838,692, which was down 49% over the last year and down 54% from two years ago.

Druid Hills’ Average Sales Price decreased 8% over the last year to $554,000 from $604,717. It was down 11% from the figure for the year ending in October of 2008. The Average Days on the Market in Druid Hills was down to 90 days from 97 a year ago and up from 66 two years ago. 59 properties sold in this market in the last 12 months. This number was up from 50 in the last 12 month period and down from the 81 units that sold two years ago. Annual Sales Volume was $32,686,000, an 8% year over year increase. It was 35% less than the period from November ’07 to October ’08.

The Average Sales Price in East Atlanta was $182,681 in the last 12 months, an increase of 2% in the last 12 months. The Average Number of Days on the Market this year was 78 days, up from 73 days last year and the year before. East Atlanta had 103 sales in the last 12 months a 5% decrease over the year ending October ’09 and 14% less than the Number of Units Sold in the year ending in October ’08. Annual Sales Volume was $18,816,143, down 3% over the last year and off 22% from the 12 months ending October ’08.

East Lake had an Average Sales Price of $199,321 which is a 5% decrease in value over the last year and 7% decline over the last 24 months. The Average Days on the Market was stable at 62 days over the last two years. 43 properties closed in the last twelve months. This was up from 42 units in the year ending in October ’09.
Annual Sales Volume in East Lake was $8,570,803 which was a 2% decrease form last year’s figure and a 24% drop since October 2008.

The Edgewood market experienced a4% decrease in Average Sales Price over the last 12 months going from an average of $154,934 in ’09 to $148,775 in ’10. These numbers were down 3% from the average of $153,951 in ’08. The Average Days on the Market edged down to 64 days from 77 days last year. Edgewood had a 27% decrease in the Number of Units Sold, from 52 to 38 over the last 12 months. The one year period ending October’08 had 48 sales. The Annual Sales Volume was $5,653,450, a 30% decline over ‘09’s number and 23% less than 2008’s Annual Sales Volume.

Kirkwood experienced a 2% decrease in Average Sales Price going from $219,258 in 2009 to $213,891 in 2010. In 2008, the Average Sales Price in Kirkwood was $240,463.
The Average Number of Days on the Market jumped to 97 days from 63 days last year and 65 days the year before. The Number of Units Sold fell 18% over the last year from 131 to 107. In 2008 163 properties sold in Kirkwood. Annual Sales Volume was $22,886,337 this year, a decline of 20% from last year and 42% less that 2008.

Lake Claire’s current Average Sales Price is $427,411, off 1% from last year’s number of $430,056. The Average Number of Days on the Market was down slightly over the last two years from 84 days to 83 days. In 2008 this number was 54 days. In the last 12 months 45 properties sold in Lake Claire, up 96% from ’09. Two years ago, 44 properties sold. Annual Sales Volume was up 94% over the last 12 months from $9,891,288 to $19,233,495. In 2008, Lake Claire had a sale volume of $19,167,940.

Our next posting will cover the Intown Atlanta North markets.

HAPPY THANKSGIVING!!!!

Grant Park, Cabbagetown, Reynoldstown & Ormewood Park Market Survey

2010-11-19T12:28:00.000-08:00

Our November 2010 Adams Realtors Intown South survey had all of the markets suffering a drop in Average Sales Price. The Number of Units Sold increased in Cabbagetown. The Average Days on the Market decreased again in Grant Park and Reynoldstown. Annual Sales Volume in the last year was up only in Cabbagetown

In Cabbagetown, the Average Sales Price over the last 12 months was $214,406; this number reflects a 3% decline in value over the last year and a 13% decrease in value over the last 24 months. Average Days on the Market was 96 days, a 68% increase over the last year and a 174% increase over a two year period. In the last 12 months 15 properties sold in Cabbagetown, up from 11 in the 12 months ending in October 2009 and equal to the 15 properties that sold during the 12 months that ended in October 2008. This represents an increase of 36% over the last year and no change from 24 months ago. Sales Volume in the last year totaled $3,216,090, an increase of 32% over the prior year and down 13% from two years ago.

The Grant Park market had an Average Sales Price of $250,128. This number was 3% below the October ’09 figure and also down 3% from the October ’08 average. The Average Number of Days on the Market was 82 days. This was down from 84 a year ago and also 84 two years ago. 80 properties sold in Grant Park during the last 12 months. This represents a 9% decrease from October 2009’s number of 88 and a drop of 38% from two years ago when 130 properties were sold. Annual Sales Volume for the most recent 12 month period was $20,010,240, a 12% decrease over last year’s figure and 40% less than annual sales volume of $33,398,820 from two years ago.

The Average Sales Price in Ormewood Park was $199,342. This number reflected a decrease of 9% over the last 12 months and a drop of 18% over the last 24 months. The Average Number of Days on the Market in Ormewood Park was 70 days. Last year it was 67 days and the year before, the average was 57 days. The Number of Units Sold in the market for the 12 months ending October 2010 was 62 properties. This represented a decrease of 11% from last year. Total Sales Volume was $12,359,204, a 19% decrease over last year’s figure of $15,263,360 and a 26% decrease over the October 2008 total of $16,593,564.

The Reynoldstown market had an Average Sales Price of $151,636 which represented an 18% decrease from the ’09 figure of $184,510 and a 26% drop from the ’08 figure of $203,684. The Average Days on the Market fell to 31 days, a decrease of 57% over last year and a 55% fall when compared to the average two years ago. 22 properties sold in Reynoldstown during the last year compared to 31 units the year before and 38 units in 2008. Sales Volume in this market was $3,335,992 for the 12 months that ended on October 31st. This was a drop of 42% from ’09 and 57% from ’08.

Our next report will cover the Atlanta in DeKalb markets.

November 2010 Adams Realtors Intown Atlanta Market Survey

2010-11-16T08:39:00.000-08:00

Our November Intown Atlanta Market Survey measures market activity and changes over the last three years. This report looks at the numbers from the market as a whole from November 1, 2007 to October 31, 2010.

The Average Sales Price for the 12 months ending October 31, 2010 was $299,263 a slight drop from last month’s number and down 18% from the October 31, 2009 number of $366,704. On October 31, 2008 the Average Sales Price was $400,421, almost 34% higher than today’s average

Average Number of Days on the Market was 80 days over the last 12 months and 84 days for the period 2008-09. In 2007-08, the Average Number of Days on the Market was 75 days. Thus over one year change was down 4% and the two year change was a positive 7%.

The Number of Units Sold in the last 12 months was 1,539, while in the 12 months ending October 2009 1,460 units sold and from November 2007 to October 2008 1,792 sold. The one year change is a positive 5% and the two year change is negative 14%.

Annual Sales Volume from November ’09 to October ’10 was $460,565,738 compared to $469,864,310 in ’08-’09 and $608,864,310 in ’07-’08. The one year change was down 2% and the two year change was negative 24%

The bright spot in the Intown Atlanta Market is the continued increase in the number of transactions, up 5% from this time a year ago. This helps to offset the deterioration in Average Sales Price over the last two years and the resulting fall in total Sales Volume over the same period. Our crystal ball says that 2011 will bring better job numbers and will result in a more stable real estate market in Intown Atlanta. More on our predictions for 2011 next month.

Our next report will examine the Intown South market

October 2010 Adams Realtors Tri-Cities Market Survey

2010-11-10T14:10:00.000-08:00

In our October 2010 survey of the Tri-Cities markets, East Point was the only market that experienced a year over year increase in Average Sales Price. East Point was also the only market that had a year over year decline in Average Number of Days on the Market while the College Park market was unchanged over the last two years. College Park and Hapeville had an increase in the Number of Units Sold on a year over year basis. College Park was the only market to show an increase in Annual Sales Volume.

Here are the results from our October 2010 Market Survey for the Tri-Cities:

College Park had a 1% decrease in Average Sales Price from $132,107 in 2008-09 to $131,432 in 2009-10. Since 2007-08, the Average Sales Price was down 39%. The Average Number of Days on the Market was unchanged at 116 over the last two years. The Number of Units Sold rose from 56 units to 60 units in the last 12 months. The Annual Sales Volume in College Park was up by 7% from $7,397,992 to $7,885,920 over the last 12 months and down 45% over the last 24 months.

The East Point market had a 17% increase in Average Sales Price from $54,470 to $63,461 in the last year. Going back 24 months, East Point experienced a 34% decrease in Average Sales Price. The Average Number of Days on the Market went from 91 to 81 or an 11% drop. The Number of Units Sold decreased from 244 in ’08-‘09 to 189 in ’09-‘10, a decline of 23%. Annual Sales Volume in East Point had a 10% drop from $13,290,680 in 2008-09 to $11,994,129 in 2009-10. Over the last 24 months, Annual Sales Volume was off 47% in East Point.

Hapeville’s Average Sales Price was down from $99,655 in 2008-09 to $81,657 in 2009-10 or 18%. The decline in Average Sales Price from 2007-08 to the present was 32%. The Number of Days on the Market increased from 93 to 104 or 12%. Over the last 24 months, the average Number of Days on the Market increased by 18%. The Number of Units Sold increased slightly over the last year from 27 to 29 properties. In the period October 2007 to September 2008, 40 properties sold. Annual Sales Volume dropped by 12% from $2,690,695 to $2,368,053 over the last year. Over the last 24 months, Hapeville’s Annual Sales Volume is down by 50%.

Decatur, Avondale Estates & Pine Lake 10-10 Market Survey

2010-11-09T14:48:00.000-08:00

According to our October 2010 survey, all of the Central DeKalb markets, except Avondale Estates, had a year over year drop in Average Sales Price. The Number of Days on the Market was down in Decatur and Avondale Estates and up in Pine Lake. Pine Lake and Decatur, as well as the Decatur neighborhoods of Oakhurst and Glenwood Estates, were markets that experienced an increase in the Number of Units Sold over the last year. Pine Lake, Glenwood Estates, Oakhurst and the City of Decatur were the only markets that had an increase in Annual Sales Volume from 2009 to 2010.

Here are the results of our Adams Realtors October 2010 survey:

Avondale Estates experienced a decrease in Average Sales Price from $299,675 in 2008-09 to $291,675 in 2009-10 a fall of 3%. The change from ’07 was negative 8% Average Number of Days on the Market declined from 93 to 67 or 28% over the last year. The Number of Units Sold dropped from 53 to 44 or 17% and the decline since 2007 was 23%. Annual Sales Volume declined by 19% from $15,882,775 to $12,643,688 from ’08-’09 to ’09- ’10 and down 29% from 2007.

The City of Decatur market had an 8% decline in Average Sales Price from $387,099 to $356,824 in the last year. Since 2007 prices in Decatur are down by 5%. Average Days on the Market fell from 59 to 57 or 3%. The Number of Units Sold was up by 22% from 165 to 201 over the last 12 months. Looking back 24 months, the number of units sold was off by 20%. Annual Sales Volume in Decatur increased by 12% from $63,871,335 in 2008-09 to $71,721,624 in 2009-10. Sales Volume is off 24% from 2007-08’s number.

The Pine Lake market experienced a 10% decrease in Average Sales Price from $155,516 in ’08-‘09 to $139,860 in ’09-‘10. Over the last 24 months, the Average Sales Price increased by 27%. The Average Days on the Market increased by 5% from 84 days to 88 days. The Number of Units Sold was up from 11 units per year in 2008-09 to 15 units in ’09-’10, an increase of 36%. Annual Sales Volume increased 23% from $1,710,676 to $2,097,900 in the last year and up 112% over the last two years.

The Decatur neighborhood of Glenwood Estates had an 11% decrease in Average Sales Price from $502,500 to $486,500. Over a two year period, the Average Sales Price was up 2%. The Average Days on the Market was up from 44 days to 68 days or 55%. Glenwood Estates experienced an increase in the Number of Units Sold from 5 in 2008-09 to 7 in 2009-10 or 40%. Annual Sales Volume was up 25% from $2,564,500 in ’08-‘09 to $3,194,996 in ’09-‘10. The decrease from 2007-08 was 38%.

The Great Lakes market had a 26% decrease in Average Sales Price from $567,785 in 2008-09 to $471,800 in 2009-10. This market was down 9% over the two year period. The Average Number of Days on the Market was down by 67% from 109 days to 36 days. The Number of Units Sold dropped from 7 to 6 units in the last year. Annual Sales Volume was down by 37% from $3,974,495 to $2,506,800 in the last twelve months. Over the last 24 months, Annual Sales Volume was down 9%.

The Oakhurst neighborhood had a 2% fall in Average Sales Price from $361,737 in ’08-‘09 to $354,069 in ’09-‘10. The average was up 2% over the last two years. The Average Number of Days on the Market was down 8% from 64 to 59. The Number of Units Sold went from 67 to 77 units per year or an increase of 15%. This number was down 8% from 2007-08. Annual Sales Volume was up by 12% from $24,236,379 to $27,263,313 in the last 12 months. Since 2007-08, sales volume has fallen by 6%.

The Winnona Park market had a 22% drop in Average Sales Price from $444,076 in 2008-09 to $344,864 in 2009-10. In 2007-08, the Average Sales Price was $424,477. The Average Days on the Market declined by 36% from 110 to 70. The Number of Units Sold increased from 22 to 25 or 14% in the last 12 months. Since 2007-08, transactions are off by 14%. Annual Sales Volume fell by 12% from $9,769,672 to $8,621,600 in the last year. Over the last two years, the drop in sales volume was 12%.

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

Intown Atlanta North Oct 2010 Market Survey

2010-11-03T11:01:00.000-07:00

Our October 2010 survey of the Intown Atlanta North markets had all but two of the submarkets continuing to suffer a decline in Average Sales Price. Again, this month Midtown and Poncey Highland were the only markets that saw a decline in the Average Number of Days on the Market. Virginia Highland and Midtown had an increase in the Number of Units Sold over the last 12 months. Midtown was the only neighborhood that had an increase in Annual Sales Volume in the last year.

Here is a market by market review of our October survey:

Ansley Park had a tiny increase in Average Sales Price from $950,754 in 2008-09 to $951,106 in 2009-10. The change since September’08 was minus 12%. The Average Days on the Market was up to 202 from 110 last year, an increase of 84%. The Number of Units Sold was down by 4% from 24 to 23 over the last two 12 month periods. Two years ago 25 properties sold in Ansley Park. Annual Sales Volume for the year ending September 2010 was $21,875,438. This number represented a decline of 4% over the last 12 months and 19% over the last 24 months.

Inman Park’s Average Sales Price of $436,230 reflected a 7% decrease over last year’s average and a drop of 16% from 24 months ago. The Average Number of Days on the Market increased by 34% to 86 days over the last year. However, 24 months ago, the average time on the market in Inman Park was 77 days. As of September, 23 properties had closed, no change from last years total and a decline of 21% over the figure from 24 months ago. Annual Sales Volume over the last 12 months totaled $10,033,290, a 7% decrease over the September ’09 number and 33% less than the September 2008’s total.

The Average Sales Price in Midtown as of September 2010 was $482,255. This average was 1% less than a year ago and 19% less that the average for September ’08. The Average Number of Days on the Market decreased to 55 in the last year, down 29% from September ’09. The Number of Units Sold over the last year was 33, up 74% over the last 12 months and 14% from July ’08. The Annual Sales Volume in Midtown was $15,913,425, up 71% from last September ’09 and down 8% from September 2008’s number.

Morningside had an Average Sales Price of $572,697, a fall of 8% over the last year and 19% over the last 24 months. The Average Number of Days on the Market in Morningside rose to 90 days from 85 days in the last year, an increase of 6%. 107 properties sold in the last 12 months, a decrease of 1% from the 108 units that sold in the prior 12 months and down 33% from 24 months ago. Annual Sales Volume was $61,278,579, 9% less than last year and 43% less than September 2008’s number.

Poncey Highland experienced a 12% increase in Average Sales Price from $406,663 to $454,666. The Average Number of Days on the Market fell 73% to 40 days down from 148 days a year ago. Only 3 properties sold in the last 12 months, a drop of 57%. Two years ago 7 units sold. Total Sales Volume between October ’09 and September ‘10 was $1,363,998, a fall of 52% over the year and 42% over the last 24 months.

The Average Sales Price in Virginia Highland was $523,870, a 10% decline over the last year and a fall of 22% since 2008. The Average Number of Days on the Market rose to 86 days from 74 days in September ’09, a 16% increase. 77 properties sold in the market over the last 12 months, a 4% increase. Two years ago, 74 properties sold in Virginia Highland. Total Sales Volume was $40,337,990, an increase of 6% since September ’09 and a fall of 29% since September 2008.

Our next report will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake.

Atlanta in DeKalb October '10 Market Survey

2010-10-29T17:04:00.000-07:00

In our October 2010 survey of the Atlanta in DeKalb markets only two markets experienced year over year increases in Average Sales Price. Five neighborhoods had a positive trend in Average Days on the Market. Druid Hills, East Atlanta, East Lake and Lake Claire all experienced an increase in the Number of Units Sold over the past year. These same four markets also had year over year increases in Sale Volume.

Here is a recap of the individual markets.

Candler Park had an Average Sales Price of $373,173 which reflected a year over year decline of 14% and a decline of 20% since September 2008. The Average Number of Days on the Market fell to 82 days, a year over year decrease of 20% and a two year increase of 78%. The Number of Units Sold decreased from 50 to 30 over the last year, a 40% decrease. Sales Volume in the 12 months ending in July was $11,195,190, which was down 48% over the last year and down 56% from two years ago.

Druid Hills’ Average Sales Price decreased 3% over the last year to $578,623 from $593,824. It was down 9% from the figure for the year ending in September of 2008. The Average Days on the Market in Druid Hills was down to 90 days from 95 a year ago and 66 two years ago. 61 properties sold in this market in the last 12 months. This number was up from 52 in the last 12 month period and down from the 80 units that sold two years ago. Annual Sales Volume was $35,296,003, a 14% year over year increase. It was 30% less than the period from October ’07 to September ’08.

The Average Sales Price in East Atlanta was $186,074 in the last 12 months, an increase of 4% in the last 12 months. The Average Number of Days on the Market this year was 74 days, up from 73 days last year and the year before. East Atlanta had 108 sales in the last 12 months a 3% increase over the year ending September ’09 and 11% less than the Number of Units Sold in the year ending in September ’08. Annual Sales Volume was $20,095,992, up 7% over the last year but down 22% from the 12 months ending September ’08.

East Lake had an Average Sales Price of $199,802 which is a 4% decrease in value over the last year and 11% decline over the last 24 months. The Average Days on the Market fell to 61 days from 67 days, a 9% decrease in time on the market. 47 properties closed in the last twelve months. This was up from 41 units in the year ending in September ’09.
Annual Sales Volume in East Lake was $9,390,694 which was an 11% increase form last year’s figure and a 24% drop since September 2008.

The Edgewood market experienced only a slight change in Average Sales Price over the last 12 months going from an average of $152,468 in ’09 to $152,297 in ’10. These numbers were similar to the average of $152,807 in ’08. The Average Days on the Market edged down to 67 days from 73 days last year. Edgewood had a 2% decrease in the Number of Units Sold, from 45 to 44 over the last 12 months. The one year period ending September’08 had 48 sales. The Annual Sales Volume was $6,701,168, a 2% decline over ‘09’s number and 9% less than 2008’s Annual Sales Volume.

Kirkwood experienced a 2% decrease in Average Sales Price going from $219,461 in 2009 to $215,638 this year. In 2008, the Average Sales Price in Kirkwood was $245,042.
The Average Number of Days on the Market jumped to 94 days from 63 days last year and 67 days the year before. The Number of Units Sold fell 18% over the last year from 142 to 117. In 2008 146 properties sold in Kirkwood. Annual Sales Volume was $25,229,646 this year, a decline of 19% from last year and 29% less that 2008.

Lake Claire’s current Average Sales Price is $434,413, up 1% from last year’s number of $430,056. The Average Number of Days on the Market was unchanged over the last two years at 84 days for each of the last two years. In 2008 this number was 53 days. In the last 12 months 40 properties sold in Lake Claire, up 74% from ’09. Two years ago, 46 properties sold. Annual Sales Volume was up 76% over the last 12 months from $9,891,288 to $17,376,520. In 2008, Lake Claire had a sale volume of $20,110,924.

Our next posting will cover the Intown Atlanta North markets.

October 2010 Adams Realtors Intown Atlanta South

2010-10-28T14:52:00.000-07:00

Our October 2010 Adams Realtors Intown South survey had all of the markets suffering a drop in Average Sales Price and Sales Volume. The Number of Units Sold increased in both Cabbagetown and Ormewood Park. The Average Days on the Market fell (a good trend) in Grant Park and Reynoldstown.

In Cabbagetown, the Average Sales Price over the last 12 months was $225,792; this number reflects a 3% decline in value over the last year and a 6% decrease in value over the last 24 months. Average Days on the Market was 84 days, a 47% increase over the last year and a 110% increase over a two year period. In the last 12 months 14 properties sold in Cabbagetown, up from 12 in the 12 months ending in September 2009 and 18 during the 12 months that ended in September 2008. This represents an increase of 17% over the last year and 22% decrease over the last 24 months. Sales Volume in the last year totaled $3,161,088, an increase of 13% over the prior year and down 27% from two years ago.

The Grant Park market had an Average Sales Price of $246,803. This number was less that 4% below the September ’09 figure and down 4% from the September ’08 average. The Average Number of Days on the Market was 79 days. This was down from 87 a year ago and 84 two years ago. 82 properties sold in Grant Park during the last 12 months. This represents a 6% decrease from September 2009’s number of 87 and a drop of 39% from two years ago when 134 properties were sold. Annual Sales Volume for the most recent 12 month period was $20,837,246, a 10% decrease over last year’s figure and 41% less than annual sales volume of $34,280,416 from two years ago.

The Average Sales Price in Ormewood Park was $206,123. This number reflected a decrease of 5% over the last 12 months and a drop of 16% over the last 24 months. The Average Number of Days on the Market in Ormewood Park was 68 days. Last year it was 65 days and the year before, the average was 59 days. The Number of Units Sold in the market for the 12 months ending September 2010 was 66 properties. This represented an increase of 2% from last year. Total Sales Volume was $13,604,118, a 4% decrease over last year’s figure of $14,103,570 and a 27% decrease over the September 2008 total of $17,235,120.

The Reynoldstown market had an Average Sales Price of $151,636 which represented a 16% decrease from the ’09 figure of $179,873 and a 29% drop from the ’08 figure of $212,194. The Average Days on the Market fell to 31 days, a decrease of 55% over last year and a 54% fall when compared to the average two years ago. 22 properties sold in Reynoldstown during the last year compared to 33 units the year before and 40 units in 2008. Sales Volume in this market was $3,335,992 for the 12 months that ended on September 30th. This was a drop of 44% from ’09 and 61% from ’08.

Our next report will cover the Atlanta in DeKalb markets.

October 2010 Adams Realtors Intown Atlanta Market Survey

2010-10-19T14:33:00.001-07:00

Our October Intown Atlanta Market Survey measures market activity and changes over the last three years. We will look back in 12 month increments from 2010 to 2007. This report looks at the numbers from the market as a whole from October 1, 2007 to September 30, 2010.

The Average Sales Price for the 12 months ending September 30, 2010 was $301,242 compared to the September 30, 2009 number of $369,106 and $403,878 as of September 30, 2008. The one year change is down 18% while the two year change is negative 25%.

Average Number of Days on the Market was 78 days over the last 12 months and 84 days for the period 2008-09. In 2007-08, the Average Number of Days on the Market was 76 days. Thus over one year change was down 7% and the two year change was a positive 3%.

The Number of Units Sold in the last 12 months was 1,550, while in the 12 months ending September 2009 1,466 units sold and from October 2007 to September 2008 1,809 sold. The one year change is a positive 6% and the two year change is negative 14%.

Annual Sales Volume from October ’09 to September ’10 was $466,924,900 compared to $474,557,457 in ’08-’09 and $622,817,402 in ’07-’08. The one year change was down 2% and the two year change was negative 25%.

The Intown Atlanta Market continues to have a bit of a split personality from month to month. Some months the numbers look good and other months, like this one, seem to be headed backward. Our own experience over the last several months is that more “everyday” buyers are entering the market and that business is generally on the upswing.

Our next report will examine the Intown South market

REALTOR® Magazine-Daily News-B of A and GMAC to Resume Foreclosures

2010-10-19T13:50:00.000-07:00

REALTOR® Magazine-Daily News-B of A and GMAC to Resume Foreclosures

REALTOR® Magazine-Daily News-Housing Recovery Predicted for Early 2012

2010-10-13T12:40:00.000-07:00

REALTOR® Magazine-Daily News-Housing Recovery Predicted for Early 2012

REALTOR® Magazine-Daily News-States With Highest, Lowest Property Taxes

2010-10-01T13:36:00.000-07:00

REALTOR® Magazine-Daily News-States With Highest, Lowest Property Taxes

REALTOR® Magazine-Daily News-Mortgage Study Critical of 30-Year Fixed Loans

2010-09-28T14:14:00.000-07:00

REALTOR® Magazine-Daily News-Mortgage Study Critical of 30-Year Fixed Loans

REALTOR® Magazine-Daily News-Voters Say: Don't Mess With the MID

2010-09-23T13:53:00.000-07:00

REALTOR® Magazine-Daily News-Voters Say: Don't Mess With the MID

REALTOR® Magazine-Daily News-Fannie and Freddie May Not Survive Overhaul

2010-09-15T15:05:00.000-07:00

REALTOR® Magazine-Daily News-Fannie and Freddie May Not Survive Overhaul

REALTOR® Magazine-Daily News-10 Markets Most Likely to Appreciate

2010-09-14T14:42:00.000-07:00

REALTOR® Magazine-Daily News-10 Markets Most Likely to Appreciate

Adams Realtors August 2010 Tri-Cities Market Survey

2010-09-08T15:21:00.000-07:00

In our August 2010 survey of the Tri-Cities markets, East Point was once again this month, the only market that experienced a year over year increase in Average Sales Price. Over the last 24 months, all of the markets suffered a significant decrease in Average Sales Price. East Point was the only market that had a year over year decline in Average Number of Days on the Market. All of the markets experienced a decrease in the Number of Units Sold on a year over year basis. Each of the markets experienced a decrease in Annual Sales Volume.

Here are the results from our August 2010 Market Survey for the Tri-Cities:

College Park had a 12% decrease in Average Sales Price from $151,276 in 2008-09 to $132,657 in 2009-10. Since 2007-08, the Average Sales Price was down 43%. The Average Number of Days on the Market was up from 121 days to 124 days, an increase of 2%. The Number of Units Sold dropped slightly from 58 units to 57 units in the last 12 months. The Annual Sales Volume in College Park was down by 14% from $8,774,008 to $7,561,449 over the last 12 months and down 47% over the last 24 months.

The East Point market had a 10% increase in Average Sales Price from $58,049 to $63,776 in the last year. Going back 24 months, East Point experienced a 39% decrease in Average Sales Price. The Average Number of Days on the Market went from 96 to 80 or a 17% drop. The Number of Units Sold decreased from 261 in ’08-‘09 to 185 in ’09-‘10, a decline of 29%. Annual Sales Volume in East Point had a 22% drop from $15,150,789 in 2008-09 to $11,798,560 in 2009-10. Over the last 24 months, Annual Sales Volume was off 48% in East Point.

Hapeville’s Average Sales Price was down from $112,475 in 2008-09 to $81,342 in 2009-10 or 28%. The decline in Average Sales Price from 2007-08 to the present was 31%. The Number of Days on the Market increased from 95 to 97 or 2%. Over the last 24 months, the average Number of Days on the Market increased by 13%. The Number of Units Sold dipped over the last year 34 to 32 properties. In the period July 2007 to June 2008, 35 properties sold. Annual Sales Volume dropped by 32% from $3,824,150 to $2,602,944 over the last year. Over the last 24 months, Hapeville’s Annual Sales Volume is down by 37%.

Adams Realtors Central DeKalb Cities Residential Real Estate Survey-August 2010

2010-09-03T13:33:00.000-07:00

According to our August 2010 survey, all of the Central DeKalb markets had a year over year drop in Average Sales Price. Glenwood Estates, Great Lake and the City of Pine Lake were the only markets with a gain over the last two years. The Number of Days on the Market was, once again, down in all three cities. Pine Lake and Decatur, as well as the Decatur neighborhoods of Oakhurst and Glenwood Estates, were markets that experienced an increase in the Number of Units Sold over the last year. Pine Lake, Glenwood Estates, Oakhurst and the City of Decatur were the only markets that had an increase in Annual Sales Volume from 2009 to 2010. Glenwood Estates, Great Lakes and Pine Lake were the only markets that had an increase in Sales Volume from 2007 to 2010.

Here are the results of our Adams Realtors August 2010 survey:

Avondale Estates experienced a decrease in Average Sales Price from $305,364 in 2008-09 to $285,598 in 2009-10 a fall of 6%. The change from ’07 was negative 8% Average Number of Days on the Market declined from 85 to 69 or 30% over the last year. The Number of Units Sold dropped from 55 to 50 or 9% and the decline since 2007 was 12%. Annual Sales Volume declined by 15% from $16,795,020 to $14,279,900 from ’08-’09 to ’09- ’10 and down 19% from 2007.

The City of Decatur market had a 7% decline in Average Sales Price from $389,239 to $363,007 in the last year. Since 2007 prices in Decatur are down by 5%. Average Days on the Market fell from 60 to 56 or 7%. The Number of Units Sold was up by 14% from 185 to 211 over the last 12 months. Looking back 24 months, the number of units sold was off by 14%. Annual Sales Volume in Decatur increased by 6% from $75,009,215 in 2008-09 to $76,594,477 in 2009-10. Sales Volume is off 18% from 2007-08’s number.

The Pine Lake market experienced a 9% decrease in Average Sales Price from $158,135 in ’08-‘09 to $143,855 in ’09-‘10. Over the last 24 months, the Average Sales Price increased by 18%. The Average Days on the Market declined by 7% from 94 days to 87 days. The Number of Units Sold was up from 10 units per year in 2008-09 to 18 units in ’09-’10, an increase of 80%. Annual Sales Volume increased 64% from $1,581,350 to $2,589,390 in the last year and up 77% over the last two years.

The Decatur neighborhood of Glenwood Estates had a 3% decrease in Average Sales Price from $502,500 to $486,500. Over a two year period, the Average Sales Price was up 2%. The Average Days on the Market was up from 41 days to 56 days or 37%. Glenwood Estates experienced an increase in the Number of Units Sold from 4 in 2008-09 to 9 in 2009-10 or 125%. Annual Sales Volume was up 118% from $2,010,000 in ’08-‘09 to $4,378,500 in ’09-‘10. The increase from 2007-08 was 2%.

The Great Lakes market had a 6% decrease in Average Sales Price from $503,357 in 2008-09 to $471,257 in 2009-10. This market was up 4% over the two year period. The Average Number of Days on the Market was down by 63% from 123 days to 45 days. The Number of Units Sold remained constant at 7 in each of the last two 12 month periods. Annual Sales Volume was down by 6% from $3,523,499 to $3,298,799 in the last twelve months. Over the last 24 months, Annual Sales Volume was up 21%.

The Oakhurst neighborhood had a 2% fall in Average Sales Price from $362,338 in ’08-‘09 to $354,996 in ’09-‘10. The average was also down 2% over the last two years. The Average Number of Days on the Market was up by 7% from 56 to 60. The Number of Units Sold went from 70 to 82 units per year or an increase of 17%. This number was down 2% from 2007-08. Annual Sales Volume was up by 15% from $25,363,660 to $29,107,212 in the last 12 months. Since 2007-08, sales volume has fallen by 4%.

The Winnona Park market had a 20% drop in Average Sales Price from $441,243 in 2008-09 to $351,948 in 2009-10. In 2007-08, the Average Sales Price was $422,366. The Average Days on the Market declined by 10% from 86 to 77. The Number of Units Sold decreased from 26 to 25 or 4%% in the last 12 months. Since 2007-08, transactions are off by 7%. Annual Sales Volume fell by 23% from $11,472,318 to $8,798,700 in the last year. Over the last two years, the drop in sales volume was also 23%.

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

August '10 Adams Realtors Atlanta Intown North Market Survey

2010-09-01T10:26:00.000-07:00

Our August 2010 survey of the Intown Atlanta North markets had Poncey Highland, once again, the only neighborhood that experienced a positive trend in Average Sales Price over the last three years. Midtown and Poncey Highland were the only markets that saw a decline in the Average Number of Days on the Market since 2007. Ansley Park, Inman Park, Virginia Highland and Midtown had an increase in the Number of Units Sold over the last 12 months. Inman Park, Midtown and Virginia Highland were the only neighborhoods that had an increase in Annual Sales Volume in the last year.

Here is a market by market recap on our August survey:

Ansley Park had a 14% drop in Average Sales Price from $992,363 in 2008-09 to $857,193 in 2009-10. The change since July’08 was minus 20%. The Average Days on the Market was up to 189 from 106 last year, an increase of 73%. The Number of Units Sold was up by 9% from 22 to 24 over the last two 12 month periods. Two years ago 30 properties sold in Ansley Park. Annual Sales Volume for the year ending July 2010 was $20,572,682. This number represented a decline of 6% over the last 12 months and 38% over the last 24 months.

Inman Park’s Average Sales Price of $447,618 reflected a 6% decrease over last year’s average and a drop of 15% from 24 months ago. The Average Number of Days on the Market increased by 26% to 78 days over the last year. However, 24 months ago, the average time on the market in Inman Park was 75 days. As of July, 32 properties had closed, an increase of 100% over last years total and a decline of 3% over the figure from 24 months ago. Annual Sales Volume over the last 12 months totaled $14,323,776, an 89% increase over the July’09 number and 17% less than the July 2008’s total.

The Average Sales Price in Midtown as of July 2010 was $470,952. This average was 6% less than a year ago and 22% less that the average for July ’08. The Average Number of Days on the Market decreased to 60 in the last year, down 21% from July ’09. The Number of Units Sold over the last year was 30, up 76% over the last 12 months and unchanged from July ’08. The Annual Sales Volume in Midtown was $14,128,560, up 89% from last July ’09 and down 17% from July 2008’s number.

Morningside had an Average Sales Price of $601,558, a fall of 5% over the last year and 11% over the last 24 months. The Average Number of Days on the Market in Morningside rose to 94 days from 78 days in the last year, an increase of 21%. 100 properties sold in the last 12 months, a decrease of 14% from the 116 units that sold in the prior 12 months and down 35% from 24 months ago. Annual Sales Volume was $60,155,800, 18% less than last year and 42% less than July 2008’s number.

Poncey Highland experienced a 17% increase in Average Sales Price from $389,957 to $454,666. The Average Number of Days on the Market fell 69% to 40 days down from 128 days a year ago. Only 3 properties sold in the last 12 months, a drop of 57%. Two years ago 7 units sold. Total Sales Volume between August ’09 and July ‘10 was $1,363,998, a fall of 50% over the year and 53% over the last 24 months.

The Average Sales Price in Virginia Highland was $554,190, a 2% decline over the last year and a fall of 17% since 2008. The Average Number of Days on the Market rose to 91 days from 70 days in July ’09, a 30% increase. 77 properties sold in the market over the last 12 months, a 4% increase. Two years ago, 89 properties sold in Virginia Highland. Total Sales Volume was $42,672,630, an increase of 2% since July ’09 and a fall of 28% since July 2008.

Our next report will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake.

Adams Realtors August '10 Atlanta in DeKalb Market Survey

2010-08-25T14:25:00.000-07:00

In our August 2010 survey of the Atlanta in DeKalb markets only three of the seven markets experienced year over year increases in Average Sales Price. East Lake was the only neighborhood with a positive trend in Average Days on the Market. Druid Hills, East Atlanta, East Lake, Edgewood and Lake Claire all experienced an increase in the Number of Units Sold over the past year. These same five markets also had year over year increases in Sale Volume.

Here is a recap of the individual markets.

Candler Park had an Average Sales Price of $400,437 which reflected a year over year decline of 11% and a decline of 12% since July 2008. The Average Number of Days on the Market increased to 102 days, a year over year increase of 34% and a two year increase of 104%. The Number of Units Sold decreased from 48 to 40 over the last year, a 17% decrease. Sales Volume in the 12 months ending in July was $16,017,480, which was down 26% over the last year and down 27% from two years ago.

Druid Hills’ Average Sales Price increased 2% over the last year to $589,480 from $578,469. However, it was down 9% from the figure for the year ending in July of 2008. The Average Days on the Market in Druid Hills was up to 90 days from 89 a year ago and 64 two years ago. 65 properties sold in this market in the last 12 months. This number was up from 54 in the last 12 month period and down from the 72 units that sold two years ago. Annual Sales Volume was $38,316,200, a 23% year over year increase. It was 18% less than the period from August ’07 to July ’08.

The Average Sales Price in East Atlanta was $191,301 in the last 12 months, an increase of 6% in the last 12 months. The Average Number of Days on the Market this year was 79 days, up from 68 days last year and 73 the year before. East Atlanta had 113 sales in the last 12 months a 6% increase over the year ending July ’09 and 12% less than the Number of Units Sold in the year ending in July ’08. Annual Sales Volume was $21,617,013, up 12% over the last year but down 24% from the 12 months ending July ’08.

East Lake had an Average Sales Price of $201,414 which is a 5% decrease in value over the last year and 15% decline over the last 24 months. The Average Days on the Market fell to 53 days from 68 days, a 22% decrease in time on the market. 48 properties closed in the last twelve months. This was up from 42 units in the year ending in June ’08.
Annual Sales Volume in East Lake was $9,667,872 which was an 8% increase form last year’s figure and a 26% drop since July 2008.

The Edgewood market experienced an 8% increase in Average Sales Price over the last 12 months going from an average of $145,212 in ’09 to $157,183 in ’10. This number is still 5% less than what it was in ’08. The Average Days on the Market edged up to 71 days from 70 days last year. Edgewood had a 19% increase in the Number of Units Sold, from 43 to 51 over the last 12 months. The one year period ending July ’08 had 51 sales. The Annual Sales Volume was $8,016,333, a 28% increase over ‘09’s number and 5% less than 2008’s Annual Sales Volume.

Kirkwood experienced a 1% decrease in Average Sales Price going from $219,513 in 2009 to $216,681 this year. In 2008, the Average Sales Price in Kirkwood was $250,062.
The Average Number of Days on the Market jumped to 91 days from 60 days last year and 71 days the year before. The Number of Units Sold fell 19% over the last year from 153 to 124. In 2008 131 properties sold in Kirkwood. Annual Sales Volume was $26,868,444 this year, a decline of 20% from last year and 18% less that 2008.

Lake Claire’s current Average Sales Price is $405,553, down 8% from last year’s number of $442,334. The Average Number of Days on the Market increased by 42% over the last year from 65 days to 92 days. In 2008 this number was 59 days. In the last 12 months 37 properties sold in Lake Claire, up 42% from ’09. Two years ago, 45 properties sold. Annual Sales Volume was up 30% over the last 12 months from $11,500,684 to $15,005,461. In 2008, Lake Claire had a sale volume of $20,525,940.

Our next posting will cover the Intown Atlanta North markets.

REALTOR® Magazine-Daily News-July Existing-Home Sales Fall, But Prices Rise

2010-08-24T13:09:00.000-07:00

REALTOR® Magazine-Daily News-July Existing-Home Sales Fall, But Prices Rise

August 2010 Intown Atlanta South Market Survey

2010-08-23T08:01:00.000-07:00

Our August 2010 Adams Realtors Intown South survey shows the Cabbagetown market continued to be mostly in negative territory. Reynoldstown was the only market that had a positive gain in Average Sales Price. Grant Park and Cabbagetown showed an increase in the Number of Units Sold. Grant Park was the only market that had a year over year increase in Annual Sales Volume while Ormewood Park experienced a small gain over the last 24 months.

In Cabbagetown, the Average Sales Price over the last 12 months was $219,923; this number reflects a 10% decline in value over the last year and a 15% decrease in value over the last 24 months. Average Days on the Market was 69 days, a 50% increase over the last year and a 77% increase over a two year period. In the last 12 months 13 properties sold in Cabbagetown, up from 12 in the 12 months ending in July 2009 and 18 during the 12 months that ended in July 2008. This represents an increase of 8% over the last year and 28% decrease over the last 24 months. Sales Volume in the last year totaled $2,858,999, a fall of 3% over the prior year and 38% down from two years ago.

The Grant Park market had an Average Sales Price of $246,221. This number was less that 3% below the July ’09 figure and down 7% from the July ’08 average. The Average Number of Days on the Market was 78 days. This was down from 81 a year ago and 89 two years ago. 90 properties sold in Grant Park during the last 12 months. This represents a 7% increase from July 2009’s number of 84 and a drop of 32% from two years ago when 133 properties were sold. Annual Sales Volume for the most recent 12 month period was $22,159,890, a 4% increase over last year’s figure and 37% less than annual sales volume of $35,282,107 from two years ago.

The Average Sales Price in Ormewood Park was $210,639. This number reflected a decrease of 5% over the last 12 months and a drop of 14% over the last 24 months. The Average Number of Days on the Market in Ormewood Park was 64 days. Last year it was 70 days and the year before, the average was 56 days. The Number of Units Sold in the market for the 12 months ending July 2010 was 69 properties. This represented no change from last year. Total Sales Volume was $14,534,091, an 8% decrease over last year’s figure of $15,755,943 and a 2% increase over the July 2008 total of $14,231,170.

The Reynoldstown market had an Average Sales Price of $171,437 which represented a 1% increase from the ’09 figure of $169,252 and a 22% drop from the ’08 figure of $220,751. The Average Days on the Market fell to 42 days, a decrease of 33% over last year and 42% fall when compared to the average two years ago. 24 properties sold in Reynoldstown during the last year compared to 31 units the year before and 40 units in 2008. Sales Volume in this market was $4,114,488 for the 12 months that ended on July 30th. This was a drop of 22% from ’09 and 53% from ’08.

Our next report will cover the Atlanta in DeKalb markets.

August 2010 Intown Atlanta Market Survey

2010-08-18T07:56:00.000-07:00

Our August Adams Realtors Intown Atlanta Market Survey measures market activity and changes over the last three years. We will look back in 12 month increments from 2010 to 2007. This report looks at the numbers from the market as a whole from August 1, 2007 to July 31, 2010.

The Average Sales Price for the 12 months ending July 31, 2010 was $305,324, compared to the July 31, 2009 number of $302,869 and $357,890 as of July 31, 2008.
The one year change is up 1% while the two year change is negative 15%.

Average Number of Days on the Market was 79 days over the last 12 months and also 79 days for the period 2008-09. In 2007-08, the Average Number of Days on the Market was 77 days. Thus, over one year there was no change in the number of days on the market and the two year change was a positive 3%.

The Number of Units Sold in the last 12 months was 1,616, while in the 12 months ending July 2009 1,631 units sold and from August 2007 to July 2008 1,874 sold. The one year change is negative 1% and the two year change is negative 14%.

Annual Sales Volume from August ’09 to July ’10 was $493,403,598 compared to $493,979,960 in ’08-’09 and $670,686,550 in ’07-’08. The one year change was down by a fraction of 1% and the two year change was negative 26%.

The Intown Atlanta Market continues to show signs of stabilizing and slow growth. The year over year Average Sales Price is up slightly. The Number of Days on the Market over the last year is unchanged. The Number of Units Sold was down by 1% and annual Sales Volume over the last 12 months was virtually unchanged. Our own experience over the last few months has been that after a pause in May that reflected the end of the homebuyer tax credits, business has been definitely on the upswing

Our next report will examine the Intown South market

REALTOR® Magazine-Daily News-Decision on Fannie and Freddie May Come Soon

2010-08-13T12:03:00.000-07:00

REALTOR® Magazine-Daily News-Decision on Fannie and Freddie May Come Soon

REALTOR® Magazine-Daily News-Fewer Home Owners Are Under Water

2010-08-09T11:51:00.001-07:00

REALTOR® Magazine-Daily News-Fewer Home Owners Are Under Water

2010-08-09T11:51:00.000-07:00

REALTOR® Magazine-Daily News-Fewer Home Owners Are Under Water

REALTOR® Magazine-Daily News-Ex-Treasury Head: Dismantle Fannie and Freddie

2010-08-02T11:06:00.000-07:00

REALTOR® Magazine-Daily News-Ex-Treasury Head: Dismantle Fannie and Freddie

Adams Realtors Tri-Cities Market Survey-July 2010

2010-07-30T13:53:00.001-07:00

Once again, in our July 2010 survey of the Tri-Cities markets, East Point was the only market that experienced a year over year increase in Average Sales Price. Over the last 24 months, all of the markets suffered a significant decrease in Average Sales Price. As in last month’s survey, East Point and College Park had a decline in the Average Number of Days on the Market. College Park and Hapeville were the only markets that did not have a decrease in the Number of Units Sold on a year over year basis. In the last 24 months, all of the markets experienced a decrease in the Number of Units Sold. All of the markets experienced a decrease in Annual Sales Volume.

Here are the results from our July 2010 Market Survey for the Tri-Cities:

College Park had a 16% decrease in Average Sales Price from $152,161 in 2008-09 to $128,050 in 2009-10. Since 2007-08, the Average Sales Price was down 47%. The Average Number of Days on the Market fell from 127 days to 110 days, a decrease of 13%. The Number of Units Sold was 58 units in each of the last two years. The Annual Sales Volume in College Park was down by 16% from $8,825,338 to $7,426,900 over the last 12 months and down 52% over the last 24 months.

The East Point market had a 7% increase in Average Sales Price from $61,066 to $65,626 in the last year. Going back 24 months, East Point experienced a 40% decrease in Average Sales Price. The Average Number of Days on the Market went from 95 to 85 or an 11% drop. The Number of Units Sold decreased from 266 in ’08-‘09 to 194 in ’09-‘10, a decline of 27%. Annual Sales Volume in East Point had a 22% drop from $16,243,556 in 2008-09 to $12,731,444 in 2009-10. Over the last 24 months, Annual Sales Volume was off 47% in East Point.

Hapeville’s Average Sales Price was down from $120,556 in 2008-09 to $76,584 in 2009-10 or 36%. The decline in Average Sales Price from 2007-08 to the present was 41%. The Number of Days on the Market increased from 91 to 106 or 16%. Over the last 24 months, the average Number of Days on the Market increased by 31%. The Number of Units Sold was up over the last year 31 to 34 properties. In the period July 2007 to June 2008, 36 properties sold. Annual Sales Volume dropped by 30% from $3,737,236 to $2,603,858 over the last year. Over the last 24 months, Hapeville’s Annual Sales Volume is down by 44%.

Adams Realtors Central DeKalb Market Survey-July 2010

2010-07-29T15:16:00.000-07:00

In our July 2010 survey, none of the Central DeKalb markets had a year over year gain in Average Sales Price. Glenwood Estates was the only market with a gain over the last two years. The Number of Days on the Market was down in all three cities. Pine Lake and Decatur were markets that experienced an increase in the Number of Units Sold over the last year. Pine Lake, Glenwood Estates, Oakhurst and the City of Decatur were the only markets that had an increase in Annual Sales Volume from 2009 to 2010. Glenwood Estates was the only market that had an increase from 2007 to 2010.

Here are the results of our Adams Realtors July 2010 survey:

Avondale Estates experienced a decrease in Average Sales Price from $306,208 in 2008-09 to $285,645 in 2009-10 a fall of 7%. The change from ’07 was minus 9% Average Number of Days on the Market declined from 84 to 70 or 17% over the last year. The Number of Units Sold dropped from 59 to 50 or 15% and the decline since 2007 was 6%. Annual Sales Volume declined by 21%% from $18,066,272 to $14,282,250 from ’08-’09 to ’09- ’10 and down 14% from ’07 to present.

The City of Decatur market had a 7% decline in Average Sales Price from $393,267 to $366,035 in the last year. Since 2007 prices in Decatur are down by 3%. Average Days on the Market fell from 64 to 53 or 17%. The Number of Units Sold was up by 9% from 192 to 209 over the last 12 months. Looking back 24 months, the number of units sold was off by 14%. Annual Sales Volume in Decatur increased by 1% from $75,507,264 in 2008-09 to $76,501,315 in 2009-10. Sales Volume is off 17% from 2007-08’s number.

The Pine Lake market experienced an 18% decrease in Annual Sales Price from $162,764 in ’08-‘09 to $133,411 in ’09-‘10. The decline over 24 months was 2%. The Average Days on the Market declined by 21% from 113 days to 89 days. The Number of Units Sold was up from 7 units per year in 2008-09 to 18 units in ’09-’10, an increase of 157%. Annual Sales Volume increased 111% from $1,139,348 to $2,401,398 in the last year and down 2% over the last two years.

The Decatur neighborhood of Glenwood Estates had a 9% decrease in Average Sales Price from $534,000 to $486,500. Over a two year period, the Average Sales Price was up 2%. The Average Days on the Market was up from 44 days to 56 days or 27%. Glenwood Estates experienced an increase in the Number of Units Sold from 5 in 2008-09 to 9 in 2009-10 or 80%. Over the two year period, the transactions were up by 29%. Annual Sales Volume was up 64% from $2,670,000 in ’08-‘09 to $4,378,500 in ’09-‘10. The increase from 2007-08 was 31%.

The Great Lakes market had a 13% decrease in Average Sales Price from $500,050 in 2008-09 to $435,666 in 2009-10. This market was also down 11% over the two year period. The Average Number of Days on the Market was down by 51% from 108 days to 53 days. The Number of Units Sold fell from 8 to 3 or 63%. Annual Sales Volume was down by 67% from $4,000,400 to $1,306,998 in the last twelve months. Over the last 24 months, volume was down 56%.

The Oakhurst neighborhood had a 2% fall in Average Sales Price from $362,974 in ’08-‘09 to $355,024 in ’09-‘10. The average was down 3% over the last two years. The Average Number of Days on the Market was up by 4% from 57 to 59. The Number of Units Sold went from 69 to 84 units per year or an increase of 22%. This number was down 2% from 2007-08. Annual Sales Volume was up by 19% from $25,045,206 to $29,822,016 in the last 12 months. Since 2007-08, sales volume has fallen by 5%.

The Winnona Park market had a 23% drop in Average Sales Price from $453,047 in 2008-09 to $349,625 in 2009-10. In 2007-08, the Average Sales Price was $396,072. The Average Days on the Market declined by 14% from 93 to 80. The Number of Units Sold decreased from 30 to 20 or 33%% in the last 12 months. Since 2007-08, transactions are off by 20%. Annual Sales Volume fell by 49% from $13,591,410 to $6,992,500 in the last year. Over the last two years, the drop in sales volume was 29%.

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

Adams Realtors July '10 Intown North Market Survey

2010-07-28T14:47:00.000-07:00

In our July 2010 survey of the Intown Atlanta North markets Poncey Highland continued to be the only neighborhood that experienced a positive trend in Average Sales Price over the last three years. Once again, Midtown and Poncey Highland were the only markets that saw a decline in the Average Number of Days on the Market since 2007. Virginia Highland and Midtown had an increase in the Number of Units Sold over the last 12 months. Inman Park, Midtown and Virginia Highland were the only neighborhoods that had an increase in Annual Sales Volume in the last year. All of the markets had decreases in Annual Sales Volume when looking back a couple of years.

Here is a market by market recap on our July survey:

Ansley Park suffered a 23% drop in Average Sales Price from $1,058,913 in 2008-09 to $818,019 in 2009-10. The change since June ’08 was minus 21%! The Average Days on the Market was up to 171 from 101 last year, an increase of 69%. The Number of Units Sold was unchanged at 23 over the last two 12 month periods. Two years ago 29 properties sold in Ansley Park. Annual Sales Volume for the year ending June 2010 was $18,814,437. This number represented a decline of 23% over the last 12 months and 37% over the last 24 months.

Inman Park had an Average Sales Price of $441,996 which reflected a 9% decrease over last year’s average and a drop of 19% from 24 months ago. The Average Number of Days on the Market increased by 20% to 79 days over the last year. However, 24 months ago, the average stay on the market in Inman Park was 86 days. As of June, 29properties had closed, an increase of 93% over last years total and a decline of 22% over the figure from 24 months ago. Annual Sales Volume over the last 12 months totaled $12,817,884, a 75% increase over the June ’09 number and 22% less than the June 2008’s total.

The Average Sales Price in Midtown as of June 2010 was $458,075. This average was 11% less than a year ago and 26% less that the average for June ’08. The Average Number of Days on the Market decreased to 49 in the last year, down 36% from June’09. The Number of Units Sold over the last year was 27, up 42% over the last 12 months and down 13% from June ’08. The Annual Sales Volume in Midtown was $12,368,025, up 27% from June ’09 and down 35% from June 2008’s number.

Morningside had an Average Sales Price of $612,029, a decrease of 4% over the last year and 12% over the last 24 months. The Average Number of Days on the Market in Morningside rose to 97 days from 77 days in the last year, an increase of 26%. 106 properties sold in the last 12 months, a decrease of 3% from the 109 units that sold in the prior 12 months and down 28% from 24 months ago. Annual Sales Volume was $64,875,074, 6% less than last year and 36% less than June 2008’s number.

Poncey Highland experienced a 15% increase in Average Sales Price from $395,525 to $454,666. The Average Number of Days on the Market fell 65% to 40 days down from 113days a year ago. Only 3 properties sold in the last 12 months, a drop of 63%. Two years ago 7 units sold. Total Sales Volume between July ’09 and June ‘10 was $1,363,998, a fall of 57% over the year and 51% over the last 24 months.

The Average Sales Price in Virginia Highland was $553,242, a 5% decline over the last year and a fall of 18% since 2008. The Average Number of Days on the Market rose to 91 days from 73 days in June ’09, a 25% increase. 81 properties sold in the market over the last 12 months, a 9% increase. Two years ago, 92 properties sold in Virginia Highland. Total Sales Volume was $42,827,587, an increase of 4% since June ’09 and a fall of 27% since June 2008.

Our next report will cover the Central DeKalb cities of Avondale Estates, Decatur and Pine Lake.

Adams Realtors July 2010 Survey-Atlanta in DeKalb Markets

2010-07-27T14:10:00.000-07:00

Our July 2010 survey of the Atlanta in DeKalb markets showed that five of the seven markets experienced year over year increases in value. Druid Hills, Edgewood and East Lake were the only neighborhoods with a positive trend in the Average Days on the Market category. Kirkwood was the only neighborhood to suffer a decrease in the Number of Units Sold over the past year. Five of the markets had year over year increases in sale volume.

Here is a recap of the individual markets.

Candler Park had an Average Sales Price of $402,320 which reflected a year over year decline of 12% and a decline of 12% since June 2008. The Average Number of Days on the Market increased to 100 days, a year over year increase of 37% and a two year increase of 100%. The Number of Units Sold increased from 42 to 47 over the last year, a 12% increase. Sales Volume in the 12 months ending in June was $18,909,040, which was down 1% over the last year and down 12% from two years ago.

Druid Hills’ Average Sales Price increased 6% over the last year from $557,626 to $590,392. However, it was down 9% from the figure for the year ending in June of 2008. The Average Days on the Market in Druid Hills was down to 86 days from 87 a year ago and 63 two years ago. 63 properties sold in this market in the last 12 months. This number was up from 55 in the last 12 month period and down from the 73 units that sold two years ago. Annual Sales Volume was $37,194,696, a 21% year over year increase. It was 22% less than the period from July ’07 to June ’08.

The Average Sales Price in East Atlanta was $189,205 in the last 12 months, an increase of 5% in the last 12 months. The Average Number of Days on the Market this year was 77 days, up from 68 days last year and 69 the year before. East Atlanta had 124 sales in the last 12 months a 23% increase over the year ending June ’09 and 9% less than the Number of Units Sold in the year ending in June ’08. Annual Sales Volume was $23,461,420, up 29% over the last year but down 24% from the 12 months ending June ’08.

East Lake had an Average Sales Price of $202,684 which is a 5% decrease in value over the last year and 14% decline over the last 24 months. The Average Days on the Market fell to 52 days from 74days, a 30% decrease in time on the market. 50 properties closed in the last twelve months this was up from 41 units in the year ending in June ’08.
Annual Sales Volume in East Lake was $10,134,200 which was a 16% increase form last year’s figure of $8,713,689 and a 24% drop since June 2008.

The Edgewood market experienced a 9% increase in Average Sales Price over the last 12 months going from an average of $143,243 in ’09 to $155,555 in ’10. This number is still 8% less than what it was in ’08. The Average Days on the Market was unchanged at 73 days over each of the last two years. Edgewood had a 6% increase in the Number of Units Sold, from 48 to 51 over the last 12 months. The one year period ending June ’08 had 49 sales. The Annual Sales Volume was $7,933,305, a 15% increase over ‘09’s number and 4% less than 2008’s Annual Sales Volume.

Kirkwood experienced a 2% increase in Average Sales Price going from $218,619 in 2009 to $223,969 this year. In 2008, the Average Sales Price in Kirkwood was $251,493.
The Average Number of Days on the Market jumped to 87 days from 59 days last year and 71 days the year before. The Number of Units Sold fell 15% over the last year from 152 to 129. In 2008 134 properties sold in Kirkwood. Annual Sales Volume was $28,892,001 this year, a decline of 13% from last year and 14% less that 2008.

Lake Claire’s current Average Sales Price is $394,965, down 11% from last year’s number of $441,458. The Average Number of Days on the Market increased by 33% over the last year from 66 days to 88 days. In 2008 this number was 64 days. In the last 12 months 36 properties sold in Lake Claire, up 44% from ’09. Two years ago, 47 properties sold. Annual Sales Volume was up 29% over the last 12 months from $11,236,450 to $14,218,740. In 2008, Lake Claire had a sale volume of $21,705,362, 53% more than 2010.

Our next posting will cover the Intown Atlanta North markets.

Adams Realtors Atlanta Intown South Survey-July '10

2010-07-26T08:03:00.000-07:00

Our July 2010 Adams Realtors Intown South survey had the Grant Park and Ormewood Park markets continuing to improve when focusing on year over year results. Reynoldstown showed some improvement while the story in Cabbagetown was mostly still negative.

In Cabbagetown, the Average Sales Price over the last 12 months was $217,000; this number reflects a 9% decline in value over the last year and a 15% decrease in value over the last 24 months. However, $217,000 was the same number as in last month’s report which reflects some stability in that market. Average Days on the Market was 74 days, a 64% increase over the last year and a 124% increase over a two year period. In the last 12 months 12 properties sold in Cabbagetown, down from 13 in the 12 months ending in June 2009 and 21 during the 12 months that ended in June 2008. This represents a decline of 8% over the last year and 43% over the last 24 months. Sales Volume in the last year totaled $2,604,000, a fall of 16% over the prior year and 52% down from two years ago.

The Grant Park market had an Average Sales Price of $250,596. This number was less that 1% higher that the June ’09 figure and down 6% from the June ’08 average. The Average Number of Days on the Market was 74 days. This was down from 79 a year ago and 93 two years ago. 97 properties sold in Grant Park during the last 12 months. This represents a 21% increase from June 2009’s number of 80 and a drop of 32% from two years ago when 143 properties were sold. Annual Sales Volume for the most recent 12 month period was $24,307,812, a 21% increase over last year’s figure and 36% less than annual sales volume of $38,049,583 from two years ago.

The Average Sales Price in Ormewood Park was $218,214. This number reflected a decrease of 5% over the last 12 months and a drop of 12% over the last 24 months. The Average Number of Days on the Market in Ormewood Park was 59 days. Last year it was 64 days and the year before, the average was 58 days. The Number of Units Sold in the market for the 12 months ending June 2010 was 77 properties. This represented a 20% increase in the last year. Total Sales Volume was $16,802,478, a 15% increase over last year’s figure of $14,634,560 and a 17% increase over the June 2008 total of $14,406,446.

The Reynoldstown market had an Average Sales Price of $175,791 which represented a 2% increase from the ’09 figure of $173,166 and a 23% drop from the ’08 figure of $227,176. The Average Days on the Market fell to 43 days, a decrease of 36% over last year and 40% fall when compared to the average two years ago. 24 properties sold in Reynoldstown during the last year compared to 33 units the year before and 39 units in 2008. Sales Volume in this market was $4,218,984 for the 12 months that ended on June 30th. This was a drop of 26% from ’09 and 52% from ’08.

Our next report will cover the Atlanta in DeKalb markets.

REALTOR® Magazine-Daily News-Sales Slow But Remain Above Last Year

2010-07-23T13:10:00.000-07:00

REALTOR® Magazine-Daily News-Sales Slow But Remain Above Last Year

REALTOR® Magazine-Daily News-Single-Family Home Starts Edge Down

2010-07-21T12:14:00.000-07:00

REALTOR® Magazine-Daily News-Single-Family Home Starts Edge Down

July 2010 Adams Realtors Intown Atlanta Market Survey

2010-07-19T14:02:00.000-07:00

Our July Intown Atlanta Market Survey now measures market activity and changes over the last three years. Thus, we will now look back in 12 month increments from 2010 to 2007. This report looks at the numbers from the market as a whole from July 1, 2007 to June 30, 2010.

The Average Sales Price for the 12 months ending June 30, 2010 was $302,890, compared to the June 30, 2009 number of $305,351 and $358,083 as of June 30, 2008.
The one year change is negative 1% while the two year change is negative 15%.

Average Number of Days on the Market was 78 days over the last 12 months and 80 days for the period 2008-09. In 2007-08, the Average Number of Days on the Market was 77 days. Thus the one year change was minus 2% and the two year change was a positive 2%.

The Number of Units Sold in the last 12 months was 1,658, while in the 12 months ending June 2009 1,627 units sold and from July 2007 to June 2008 1,903 sold. The one year change is 2% and the two year change is negative 13%.

Annual Sales Volume from July ’09 to June ’10 was $502,190,858 compared to $496,806,108 in ’08-’09 and $681,431,388 in ’07-’08. The one year change was up 1% and the two year change was negative 26%.

The good news from this report is in the continuing improvement of the market over the last 12 months. Average Sales Price is only slightly negative and all of the other categories, including the all important Number of Units Sold and Sales Volume, are in positive territory. When compared to June’s year over year numbers, every category showed a positive change. We may look back at our July 2010 survey as the first sign of the Intown market’s turnaround!

Our next report will examine the Intown South market

REALTOR® Magazine-Daily News-States Attract Retirees With Favorable Taxes

2010-07-02T10:51:00.000-07:00

REALTOR® Magazine-Daily News-States Attract Retirees With Favorable Taxes