For Buyers, For Sellers, Market Survey

Druid Hills – Market Survey June ‘09

This analysis compares residential single family sales activity from June2007-May 2008 to activity from June 2008-May 2009.

Average Sales Price
21% decrease from $696,664 in ‘07-’08 to $552,358 in ‘08-’09.

Average Number of Days on the Market
27% increase from 64 days to 81 days.

Number of Homes Sold
18% decrease from 76 in ’07-’08 to 62 in ’08-’09.

Overall Sales Volume
35% decrease from $52,946,464 in ’07-’08 to $34,246,196 in ’08-’09.

Milestone sales within the last 12 months
Most Expensive: A 6 bed/ 6.5 bath on Lullwater Road sold for $2,250000.  It  was on the market for 232 days.

Lowest Price: A 4 bed/ 2 bath on Briarcliff Road sold for $225,000. It was on the market for 67 days.  This house was a fixer upper.

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Elliott Robinson, JD – Associate Broker
Adams Realtors
458 Cherokee Ave. SE
Atlanta, GA 30312
(o) 404-688-1222