Thursday, June 2, 2011

Dunwoody Home Prices Continue to Fall

In case you didn't see the article below in the Atlanta Journal Constitution on Wednesday, home prices in the metro Atlanta area continue to drop.  While the article suggest that pricing is at 1999 levels, there's more to it than that.  Because the sale of homes under $200,000 is dominating the market, it naturally draws the average sales price down.  And while the median sales price in Dunwoody is down substancially, it is not at 1999 levels (please, take another breath)!
To view all of the homes for sale in Dunwoody in the 30338 and 30360 zip codes, please click on the first link below (the second link is a line item of all the active listings).

Buyer Report
CMA Line Report

Report: Atlanta home prices at 1999 levels

By Rachel Tobin
The Atlanta Journal-Constitution
Home prices in metro Atlanta fell in March to the lowest level since late 1999, weighed down by the effect of foreclosures and a backlog of unsold properties, according to a widely watched index released Tuesday.
The region’s decline mirrors a stubbornly deteriorating national housing picture despite the slow economic recovery, the latest Standard & Poor’s/Case-Shiller Index said.

“This month’s report is marked by confirmation of a double-dip in home prices across much of the nation,” said David Blitzer, chairman of S&P’s index committee. “Home prices continue on their downward spiral with no relief in sight.”
Prices staged a mild rebound in most markets a year ago but have reversed course since federal tax credits expired. Sales volume also is down from a year ago.
Click Report: Atlanta home prices at 1999 levels to read full story.

Sandy Springs Drops CH2M Hill

Interesting read in the Dunwoody Reporter about Sandy Springs dropping service provider CH2M Hill because of price and the fact that the city didn't know, exactly, how its money was being spent.  Remember, CH2M Hill made a big pitch to Dunwoody three years ago.  One of the best decisions the mayor and city council made was to stay clear of the company, if for no other reason than cost.

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