This post is adapted from one of my answers on Trulia Voices today - if you aren't checking out this amazing forum for real estate information, then you should do so! Yes, absolutely prices are going down, but they are stabilizing - we've been in a "declining market" since June 2006. Certain submarkets are in freefall, still. Certain submarkets are more stable, and these have better real estate fundamentals than the others - better schools, less crime, better lifestyle amenities, etc. The question today came from someone "buying in Ansley Park' so lets just look at what's up in Ansley Park in the past 12 months for single family properties...in 2008, there were 23 sales. The lowest priced sale was a $440,000 3/2 on Flagler. The highest priced sale was a $1.25 Million 4/2/2 on Westminster. The average SOLD price in 2008 was $990,793. There were 6 SOLD properties in Ansley Park since January 1, 2009 - on average, they took 48 days to sell, and the average sales price was … [Read more...]