Decatur Georgia Real Estate Market Report - Decatur Home Sales in October 2011

By
Real Estate Agent with eXp Realty - Nest Atlanta Team

Decatur GA Real Estate - Homes for Sale in Decatur GA 30030

homes for sale in Decatur GeorgiaDecatur is one of my favorite places in Atlanta, especially the City of Decatur (zip code 30030).  It features some of Atlanta's most popular "Intown" neighborhoods, from Druid Hills to Oakhurst and Downtown Decatur.  Home values haven't been as impacted as neighboring communities and foreclosures are few and far between.

 

October 2011 Real Estate Market Update for Decatur

City of Decatur | Georgia | 30030 |  Data extracted from the FMLS 10/01/2011 thru 10/31/2011

Single Family Homes Sold in Decatur

The number of Decatur homes sold was down slightly from the same time last year, but the list price to sales price ratio remains strong at 95.4% in 2010 and 95.8% in 2011.

On interesting thing to note is that the gap in the price of homes continues to increase, with the most expensive home selling in the mid $700s and the lowest priced home selling at $33K.   Some areas of Decatur (Druid Hills, Oakhurst, Great Lakes) haven't been hit as hard by foreclosures as other areas, such as Midway Woods.

 

Homes Sold

Average Sale Price

Highest Sale

Lowest Sale

2011

21

$310,600

$737,000

$33,000

2010

25

$292,195

$615,000

$80,850

 

 Days on Market

(How long are homes on the market?)

Homes took almost 20% longer to sell this October, with a few that took over 200 days.  

No matter what market we are in, it is always so important to price your home correctly the first time.  If your home is priced according to the current market value, not only is it going to sell quickly, previous research tells us that is it going to sell for significantly MORE than if you had it on the market for 3, 4 or 6 months.

 

Average Time to Sell

Longest Sale

Shortest Sale

2011

80 days

238 days

4 days

2010

65 days

193 days

3 days

 

Top Realtors in Decatur GAIf you would like to better understand the current market value of your Decatur home and/or get the latest real estate market statistics, please don't hesitate to call us at 404.432.1844.  

We would be honored to assist you!

 

See all the homes currently for sale in the City of Decatur

Historic Druid Hills homes

Oakhurst Decatur homes

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Posted by:
  
Kerry Lucasse  ::  eXp Realty ::  Nest Atlanta Real Estate Group

Call anytime @ 404.432.1844

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In & Around Atlanta Real Estate Blog - Copyright 2006 - 2014 by Kerry Lucasse and the Nest Atlanta team with eXp Realty Atlanta.  All information contained in this blog is deemed to be reliable but not guaranteed.   If you need assistance with Intown Atlanta real estate, Kerry Lucasse and the Nest Atlanta Real Estate Group are always available to assist you with your residential real estate needs!

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