From Michelle Cavaliere of 4 Walls Realty – Keller Williams Intown Atlanta

Fourth quarter sales in the City of Decatur remained very strong, showing less of the often-observed end of year slowdown frequently associated with not wanting to buy/sell during the holidays.

Here’s a look the Q4 2015 data vs. previous quarters and Q4 2014.

Again we have two standouts here – the 12% increase in average sales price vs. Q4 2014, and the 38% increase in the number of homes sold vs. Q4 2014.

Sales price to list price jumped back above 98% in Q4 and was just shy of the Q4 2014 SP/LP.

Additionally, there was a 15% increase in the number of sales greater than $500,000 over the number sold last quarter and over the fourth quarter of 2014.

Days on market improved slightly from Q3 to an average of 36 days in Q4, and overall in 2015 properties were on the market a short 37 days.

Elementary School Districts

The quarterly home sales distribution by elementary school zone for 2015 is shown below.

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From Michelle Cavaliere of 4 Walls Realty – Keller Williams Intown Atlanta

Have several houses sold in your neighborhood this summer? Have you watched them sell in what seems like an instant? The second quarter numbers for City of Decatur are in and there are some eye-catching statistics to support those observations.

The table below compares Q2 vs. Q1 this year, as well as vs. second quarter 2014.

There are two obvious standouts here. The first is the increase in average sales price, which is up 15% over first quarter 2015 and a huge 24% over Q2 2014.  Additionally, the number of sales greater than $500,000 is approximately triple the number sold last quarter and almost 2.5 times the number sold in the second quarter of 2014. Days on market dropped again, falling to an average of 36 days.

Some of you expressed interest in the home sales distribution by school zone last quarter, so here’s the 2015 breakdown so far.

The Oakhurst Elementary district saw the largest jump in Q2, increasing to 2.5 times its Q1 number. The remaining gains over Q1 were fairly evenly distributed over the other elementary schools and consistent with the increase in total properties sold in Q2.

Finally, looking closer at residential detached vs. attached we again see some definitive trends.

Residential Attached

Although the proportion of condo and townhome sales held steady at approximately 1/3 of the total sales for Q2, the total number of residential attached sales almost doubled over Q1 2015. This was accompanied by a 20% increase in the average sales price vs. Q1, and a 38% increase over the average sales price compared to the same time period last year. A jump was also seen in the most popular number of bedrooms for condo and townhome properties from 2 to 3 bedrooms.

Residential Detached

The total number of single-family homes sold was 32% higher than the same time period last year. This was accompanied by a 12% increase in the average sales price vs. Q1, and an 18% increase over the average sales price over Q2 2014. The most popular number of bedrooms increased to 4 bedrooms from 3 bedrooms in Q1.

Obviously the Decatur real estate market is very active so far this year with two months still remaining of peak selling season.

If you are interested in finding out the market value of your home, click here. To see all homes currently for sale in Decatur, visit my website.

You’re probably aware that it’s currently a seller’s market here in Atlanta with well under 6 months worth of supply available. Not surprisingly, that’s also true here in the City of Decatur.

Check out the table below for some 1^st Quarter 2015 insights specific to the Decatur real estate market compared to the same time period last year.

While the average sales price is up approximately 1% vs. 1^st quarter last year, what really stands out is that Days on Market (DOM) has decreased from 55 to 38 days! Also, while the sale of homes under $500,000 declined slightly year over year, the majority of sales remain under the $500,000 price point.

Digging a little deeper, when you break out sales by single-family homes vs. condos and townhomes, some interesting trends emerge.

Interestingly, over ⅓ of sales in Q1 2015 were condos and townhomes vs. ¼ during the same period in 2014. This was accompanied by a 36% increase in the average sales price vs. Q1 last year, while single-family home prices increased just over 1%.

Additionally, two bedroom floor plans remained the most popular choice for condo and townhome buyers, while the most popular number of bedrooms for single-family homes decreased from 4 to 3 bedrooms.

We’ll take another look at what the numbers say at the end of June – 2 months into peak selling season. Let me know if there are any other metrics you’re interested in seeing.

Click over to the website to see all homes currently for sale in Decatur.