Here’s a look at 1st Quarter 2015 data for Decatur and several of its direct neighbors.
One interesting metric here is the number of homes sold. Obviously this number is influenced by the size of the area, but regardless, more homes were sold in Decatur than any other neighboring area. Kirkwood leads the pack of adjoining neighborhoods with just over half the number sold in Decatur. Druid Hills comes in right behind Kirkwood. Avondale, East Lake, and Medlock Park only had a handful of sales in comparison.
Days on market were basically equal for Decatur, East Lake and Kirkwood and averaged just over a month. Druid Hills homes were on the market a bit longer, at approximately 1 ½ months. Homes in Avondale took the longest to sell averaging 3 months.
Sales Price to List Price was strong in all neighboring areas. East Lake came in with the highest SP/LP, surpassing Decatur at 99.8%! Decatur and Kirkwood were tied for second at 98.4% SP/LP.
Not surprisingly, the highest average sales price was in Druid Hills, closely followed by Decatur. Kirkwood and East Lake came in 3rd and 4th, respectively and were very close in Average Sales Price. Medlock and Avondale rounded out the group hovering just above and just below $250,000, respectively.
While these numbers give us an interesting look at neighboring markets, keep in mind the small number of homes sold in some areas can lead skewed numbers if there is an outlier in the category (i.e. days on market, sales price). We’ll take another look at the data after the 2nd Quarter numbers are in.
Click over to our website to search for homes currently for sale.
Photo courtesy of Historic Kirkwood website