Tuesday, May 1, 2012

Dunwoody Beats Metro Atlanta Real Estate Market

I read a recent newspaper article that stated home prices in the metro Atlanta area are down 17 percent from a year ago.  While that may be fact, it's only partially true.  Let me explain.
Higher priced homes in more exclusive areas are not selling nearly as often as in years past, this while the average price of the homes that are selling is lower than in years past.  Thus, the raw numbers distort the truth (see chart below).

Click on chart to enlarge
How has Dunwoody fared the first quarter of 2012 compared with the first quarter a year ago?  A lot better than many would have thought.  In the first quarter of 2011, 54 single-family homes sold, with a median average of $324,900.  In the first quarter of 2012, 66 single-family homes sold, with a median average of $323,489.  That's a drop in price of $1,411, or less than .5 percent - easily beating the metro average!  The 66 sold homes also represents a 22 percent increase in the number of sales, which is better than the metro average of 17 percent increase. 
There are currently 128 active listings in Dunwoody in the 30338 and 30360 zip code, ranging in price from $55,00 (yes, that is not a typo) to $749,900.   To view any of the active listings, in descending order by price, click on the link below.   To view any in person, please give me a call!

Oh by the way, the 2012 first quarter stats show that Keller Williams Realty continues to increase it's lead in market share (see chart below).  And these numbers don't lie! 
Click on chart to enlarge


Ian Marshall Realty said...

Bob, Thank you for taking the time to put this data together however I must point out that there are actually 9 active listing in Dunwoody over 750k topping out right at 1.1 million. One of those is my next door neighbor on Nerine circle....A great deal at 875k!

Ian Marshall


Bob Fiscella said...

Ian - thanks. Good catch. Bob

Anonymous said...

This is well done Bob, thank you.

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