City of Decatur, For Buyers, For Sellers, Market Survey

Great Lakes (City of Decatur) – 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
2% increase from $505,418 in ‘07-’08 to $517,914 in ‘08-’09.

Average Number of Days on the Market
127% increase from 52 days to 118 days.

Number of Homes Sold
13% decrease from 8 in ’07-’08 to 7 in ’08-’09.

Overall Sales Volume
10% decrease from $4,043,344 in ’07-’08 to $3,625,398 in ’08-’09.

Milestone sales within the last 12 months
Most Expensive: A 4 bed/ 3.5 bath on Michigan Ave sold for $800,000. It was on the market for 153 days.

Lowest Price: A 5 bed/ 2.5 bath on Lucerne St. sold for $341,000. It was on the market for 196 days.

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