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Adams Intown Market Survey-2

The January edition of our Intown Market Survey analyzed 25 Intown Atlanta real estate submarkets.

The “unweighted” Average Sales Price for calendar year 2008 for single family homes in the survey was $349,575. This was down about 7.2% from calendar year 2007. Much less than the “horror stories” reported in real estate markets in suburban Atlanta and other parts of the country. Days on the market rose from 74 to 75.8, an increase of 2.4% Not a significant change and reflecting the effects of a buyers market. The real effect of the market slowdown shows up in the number of transactions in the combined submarkets. In 2007 these areas had 2,053 sales. In 2008 there were only 1,721 transactions, a decrease of about 16%.

Tomorrow we will look at the results in the Intown South submarkets of Grant Park, Cabbagetown, Reynoldstown and Ormewood Park.

Posted in: Atlanta Residential Real Estate

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About Us

• All my experiences have had a profound effect on me and the company that I began in 1979. I had a commercial real estate background but came to realize that strong neighborhoods are vital to a city’s quality of life and even its very existence. Our approach to residential real estate has always reflected the values of neighborhood activism. Our transactions involve people, not just numbers. After more than Forty years of service, our hope, and our goal in each of our sales is still that our clients and the communities in which they choose to live are better off because of having done business with us.

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