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Atlanta Georgia Real Estate News from Kelly Marsh

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Market report for area 51: Brookhaven, Chamblee and North Dekalb County, Georgia

Everytime I meet with certain Sellers or Buyers I take great joy in telling them that they live in area 51 Indifferent.  The FMLS gives each area of Metro Atlanta an area number. 

Area 51 is the pie shaped area of Atlanta that I do 75% of my business in; which is located West of I 85, East of GA 400, and South of I 285:

This area has faired a little better compared to many other areas South of Atlanta with the downturn of the market that started in June of 2008.

If you look at the front page of www.AtlantaBrookhaven.com you will see the neighborhoods covered by Area 51.

 

Here are the market statistics for Area 51 for the 6 month period from January 1 through July 1, 2010:

Active Listings:  548                        Highest Priced Listing:  2.5 M         Lowest Priced Listing:  $40,000

Number of Homes sold:  244            Highest Priced Home Sold: 1.8 M    Lowest priced Home Sold:   $60,000

Number of Listings that Failed to Sell: 1133 - this includes many homes that are relisted over and over again and still don't sell

Average Sales Price:  $373,314    Average Days on Market for Sold Properties:  76    Average Sales to List price Ratio:  93.4 %

 

As you can see it is important to hire the right agent to sell your house, since the majority of homes dont sell at all!

Be sure to ask your agent to show you what his or her personal stats are- that way you know if they are really selling homes, not just listing them.

For more specific sales check out Ashford Park , Drew Valley , Huntley Hills, and Lynwood Park to get the price of each home sold by address.

 

Posted: Monday, July 05, 2010 10:02 PM by Kelly Marsh

Comments

Atlanta Georgia Real Estate News from Kelly Marsh said:

Here is a list of all the homes that sold in Huntley Hills from January 1 to June 1, 2010: Address Closing

# July 6, 2010 7:53 PM
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