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Best performers in Atlanta

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In the past two posts, I wrote about distressed properties. Today, I am writing about two of the best performing neighborhoods of Intown Atlanta and Decatur.

Last night, my daughter was the best performer in Kirkwood.

So, when thinking about real estate values, one of the safer notions to consider about today’s real estate market is that even the best performing neighborhoods of Atlanta are “down about 10% or so…”

I looked up 2 neighborhoods that offer tremendous value, two neighborhoods that have pretty consistent demand, just to see if my notion is valid.

1. Morningside  – there were 209 sales in 2007, at an average sold price of $578,072, and the number of days on market average was 74 … there have been 143 sales so far in 2011, at an average sold price of $524,815, and the number of days on market average was 81

2. City of Decatur – there were 273 sales in 2007, at an average sold price of $391,342, and the number of days on market average was 64 … there have been 179 sales so far in 2011, at an average sold price of $362,660, and the number of days on market average was 68

So, the notion is correct in both of these high quality, wonderful neighborhoods, right?

The best performers are always upbeat, lively and from time to time, they show off. Keep on truckin’ , Morningside and Decatur!

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