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Metropolitan Atlanta Wide “Area Sales and Price Point Summary”

Steve Palm’s “Smart Numbers” Area Sales Summary for January 2008

Steve Palm publishes his Smart Numbers reports monthly for members of the First Multiple Listing Service.

One of my clients asked for some numbers data related to “days on market” averages, so I decided to upload this hyper-detailed “Area Sales Summary” report based on data through January 2008. The report drills down into minutiae for 100 seperate submarket areas statewide in Georgia. Larger counties like Fulton have multiple submarkets, whereas counties with less real estate transactions may only have one or two submarket areas.

As a data example, the average days-on-market (DOM) for January’s single family properties was 101.8. This is the highest DOM since January 1998′s 108.4 !

As I said in January, and I shall say again here on the last day of February – supply and demand is a bitch.

The report also offers further detail into price strata for each submarket area – for example, in my neighborhood submarket, area 24, which comprises the “Dekalb County, City of Atlanta” (not unincorporated Dekalb) neighborhoods on the Eastside, all the way to the Decatur border, I can tell you that there were only 28 total sales in January in neighborhoods like Lake Claire, Kirkwood and Johnson Estates. 25% of those sales were in the $300-499,000 price range. 21.4% were under $100,000. The rest are spread out amongst the other price strata, and there was only one sale over $500,000.

On the other hand, in the Midtown, Inman Park and Morningside submarket, area 23, there were only 24 total sales, but 13 of those sales were over $500,000.

Dig in, and do some self-discovery, my analytical friends!

Let us know if we can help you with a more detailed street by street analysis for your particular neighborhood, OK?

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