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Dekalb ain’t no Clayton

That’s Dekalb’s esteemed CEO, Burrell Ellis.

Clayton County Commissioner Shana Rooks and Commission Chairman Jeff Turner listen to a presentation on proposed changes to the county government Tuesday. Commissioners created chief operating officer and chief financial officer positions after the presentation.

That’s Clayton County Commissioner Shana Rooks and Commission Chairman Jeff Turner

This question arose on Trulia Voices today.

“Given recent news about Dekalb county school system and its mismanagement, have we seen bottom yet for real estate values in our Doraville neighborhood? How much more drop could we see in next 2-5 years? Will prices stabilize if the school board is removed? Not removed? Is the Clayton market a good proxy?”

I answered:

Is the Clayton market a good proxy? No. The good ESDs, MSDs and HSDs will remain remain stable, in Clayton and in Dekalb. I don’t know enough about Clayton schools to even know if a school like Vanderlyn or Fernbank is down there.

Clayton doesn’t have a Dunwoody or a Druid Hills.

Across Dekalb – the market is simply too broad to judge things.

So, in Evansdale, there were 22, 2011 sales total in FMLS – average sold price $223K.

In 2012 there were 37 sales total in FMLS – average sold price $226K.

I know that we are cleaning house in Dekalb – CEO Burrell Ellis is lawyering up, and he has officers now outside his house at our expense, ever since the raid that surprised his 80+ year old Mom earlier this month.

Certainly, since I’m in FMLS right now, I gotta look up Clayton’s numbers…wow.

1041 sold total in 2012…only 4 sold above $200K, and the highest SOLD was – get this – a 1993 5/5 in a swim / tennis community originally listed for $424K, and sold short after 121 DOM for $324K.

There were 2278 sales over $200K in Dekalb last year…

Ya get where I’m coming from yet?

Fret not…

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