Downtown Decatur

Decatur Heights (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
5% drop from $373,247 in ‘07-’08 to $355,770 in ‘08-’09.

Average Number of Days on the Market
19% increase from 70 days to 83 days.

Number of Homes Sold
32% increase from 19 in ’07-’08 to 25 in ’08-’09.

Overall Sales Volume
25% increase from $7,091,693 in ’07-’08 to $8,894,250 in ’08-’09.

Milestone sales within the last 12 months
Most Expensive: A 5 bed/ 3.5 bath on Springdale St. sold for $645,168. It was on the market for 28 days.

Lowest Price: A 2 bed/ 1 bath on E. Ponce de Leon sold for $148,000. It was on the market for 6 days. This was a bank owned sale. The same property sold for $230,743 5 months later.

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

Downtown Decatur

Glenwood Estates (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
28% increase from $431,200 in ‘07-’08 to $552,142 in ‘08-’09.

Average Number of Days on the Market
64% decrease from 113 days to 41 days.

Number of Homes Sold
40% increase from 5 in ’07-’08 to 7 in ’08-’09.

Overall Sales Volume
79% increase from $2,156,000 in ’07-’08 to $3,864,994 in ’08-’09.

Milestone sales within the last 12 months
Most Expensive: A 6 bed/ 3 bath on Mount Vernon Dr. sold for $785,000. It was on the market for 47 days.

Lowest Price: A 3 bed/ 2 bath on Pinecrest Ave sold for $410,000. It was on the market for 22 days.

Downtown Decatur

Onyx – Purchasing a New Location Case Study

Challenge
Find a Secure, In-Town, Stand-Alone location, with parking

Onyx Consulting hired Elliott Robinson, JD to represent them in the purchase of a new location. Onyx is an Apple certified computer consulting and repair business. Their flagship location, 3296 Northcrest Road, affords easy access for their clients in the Perimeter Business District as well as Gwinnett and North DeKalb counties. However, a large portion of their business clients in the Downtown and Midtown Atlanta areas were more challenged in getting to this location.

After several consultation sessions with the client, we determined the primary factors in selecting a location.

• Location – 15 minute drive to Downtown/Midtown Atlanta
• Security – A building with high security features to protect the computing equipment
• Parking – Drive-up parking for a short walk into the building
• Accessibility – Visible without drawing unwanted attention

Initially, Onyx preferred the East Atlanta Village market due to its close proximity to Downtown and Midtown Atlanta and heavy artist community (typically Apple users).

Solution
Elliott applied a series of analytical tools and techniques to help determine the best fit for Onyx’s newest location.

• Market Analysis – Determine best areas of growth
• Geographic Needs – Proximity to client base, Traffic Counts, Controlled Visibility
• Demographic Analysis – Income, Disposable Income, Education

It was determined that the City of Decatur was the most viable market.

Results
Onyx purchased a stand-alone building located at 122 Williams Street in Downtown Decatur.  The property, the former Eastern Treats building, met all of Onyx’s needs and has exceeded their expectations.

• 10 minute drive to both Downtown/Midtown Atlanta and their East Atlanta art community clients
• Plenty of drive-up and on-street parking spaces
• Highly secure brick building with limited windows
• Building sits at the intersection of 3 of Downtown Decatur’s busiest streets, while remaining tucked away
• Expanded their reach with the student demographic (Emory University is only 5 minutes away, while Agnes Scott College, the Art Institute of Decatur, DeVry University and most of the City of Decatur schools are all within walking distance.)

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

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