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What a difference a few months and peak selling season make in the trends! Here’s a look at 2^nd Quarter 2015 data for several of Decatur’s direct neighbors. Our analysis of Q1 2015 can be found here.

The spring market delivered improvements over Q1 in all categories – the total number of homes sold doubled or tripled, days on market decreased, average sales price increased, and sales price to list price increased for the most part across all neighboring areas. Avondale Estates saw the most dramatic change over Q1 with triple the number of homes sold, days on market cut in half, a 4% gain in SP/LP, and a 41% rise in average sales price versus Q1.

The number of homes sold increased for all neighborhoods during the spring selling season. Of the adjoining neighborhoods, Druid Hills leads the pack with just over half the number sold in Decatur. Kirkwood comes in right behind Druid Hills, swapping places from Q1. Avondale, East Lake, and Medlock Park were nearly equal, hovering around 30 sales in Q2.

East Lake, Kirkwood and Medlock Park homes boasted the shortest time on the market at 31 days and just edging out Decatur at 36 days. Avondale Estates homes were on the market a bit longer, selling in approximately 1½ months. Homes in Druid Hills took the longest to sell averaging just less than 2 months, which is not unexpected since homes at the higher price points typically take longer to sell.

Sales Price to List Price remained strong in all neighboring areas. Kirkwood came in with the highest SP/LP at 99.5% and took over the top spot from East Lake in Q1. Medlock Park tied Decatur for the #2 spot at 98.8%.

Druid Hills held onto the highest average sales price, but only saw a 7% increase over Q1. Decatur posted the 2^nd highest average sales price and increased approximately 15% over Q1. Avondale ranked 3^rd in average sales price and had the biggest jump increasing 41% over Q1. Kirkwood and East Lake were 4^th and 5^th with 12% and 14% increases over Q1 respectively. Medlock Park rounded out the group hovering just above $250,000 and was the only neighborhood to show a drop over Q1 of approximately 3%.
The 3^rd Quarter numbers are likely to be interesting, since they combine the final two months of peak selling season with back to school.

Click over to our website to search for homes currently for sale.

Photo courtesy of Avondale Estates website

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We’ve recently taken a close look at overall real estate trends in both Decatur and Druid Hills, how do the overall metrics in these areas compare to their neighbors?

Here’s a look at 1^st 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 3^rd and 4^th, 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 2^nd Quarter numbers are in.

Click over to our website to search for homes currently for sale.

Photo courtesy of Historic Kirkwood website