Monday, March 18, 2013

Dunwoody Real Estate Update

4868 Mill Brook Dr. in Springfield
Someone asked me this weekend, "so, how is the (real estate) market?"  For almost five straight years I would answer "fantastic" as I tried to stay positive.   Fact of the matter is, and as most of us know, the Dunwoody market, like the rest of metro Atlanta, struggled mightily.  Prices reached their peek in the summer of 2007, and had been on a steady decline. 
However, the first quarter of 2013 bears all positive news. 
I'm a big believer in statistics, and the stats for the first three months of 2013 compared with 2012, are all improvements.  Again, this is something we couldn't say the last five-plus years.

From January 1 through March 1 of 2012, a total of 35 single-family homes sold in Dunwoody (30338, 30360).  The average list price was $349,000.  The average sales price was $331,000.   The average days-on-market was 146. 

From January 1 through March 1 of 2013, a total of 43 single-family homes sold in Dunwoody (30338, 30360).  The average list price was $360,000.  The average sales price was $349,000.   The average days-on-market was 114.   That's an increase of 5.2 percent sales price, in 32 less days.  In normal market conditions, a homeowner can expect a 4-to-5 percent increase in their home value from year-to-year.  All the signs are good.

Currently, there are 78 active listings in Dunwoody, ranging in price from $924,900 to $215,000.  There are 58 other homes under contract (an excellent ratio of active listings to pending listings).
To view any of the active listings, click on the first link below (that includes my newest listing at 4868 Mill Brook Dr. in Springfield. For more information on this home, click on the photo above).  To view these listings as a line item report, click on the 2nd link.  If you wish to view any of these homes, please contact me or 404-644-5220.

1 comment:

Steve Barton said...


I read all your stuff already, so I do not have a current comment! Come by and see me and read this:

Do you have an opinion about bike lanes in Dunwoody? Pro or con or mixed, I invite you to come see the sidewalk project behind my house on Womack Road to see what our city council’s devotion to bike lanes can cause.

The sidewalk project started on March 19th. Yesterday on April 22d when the contractor started pouring curbs we were able to see that all the clearing and site prep and work for the last month has been to widen the street for bike lanes. We knew that the project included road widening and I appeared before the city council asking them to give us the sidewalk without the road widening. I said at the time that it would save money and now we know that for sure.

Behind our house is the widest part of Womack Road. When DES was built, a third lane, a turn lane was painted into the road – there was already enough asphalt. Drop-off drivers use that turn lane for a half hour or less every school morning. When the city decided to add a sidewalk on the north side of Womack from Lakeland Woods Ct to the sidewalk at Oakhurst Walk, the “complete streets” program kicked in. A complete street in our city includes sidewalks on both sides and bike lanes on both sides. The widest part of Womack Rd is not wide enough for three full lanes and two bike lanes. With no curb already built and plenty of city right-of-way, the sidewalk project was planned to include road widening of at least 5 feet.

The picture shows the project area on Womack Road looking east.

Nutty, hunh?!


· City is committed to “complete streets” and wants to be consistent.
· The many bicyclists who currently comfortably and safely bike this section will now have great elbow room.

· More expensive. They have been working a month just to widen the road. (some culvert work too, I'll concede that)
· Reduces quality of life of three families by reducing buffer width and bringing traffic closer to their back yards.
· Possibly more speeding. The project widens the widest section of the straightest road in the city; it is a section that already sees plenty of speeding.
· Will possibly attract unsafe driving behaviors. I am worried about what drivers will do during the before and after school times when the area is most congested with traffic. Give drivers a few more feet of asphalt to work with and maybe they will be trying to scoot around stopped cars, right in the vicinity of walking students and parents.

Right now before they knock down a bunch of bamboo behind my house to put in the sidewalk is when you can most easily see how unnecessary this road widening is. Come by and see. Call me at 770-639-7271 cell or 770-671-0863 home and I’ll come look at the project with you. Email is skbarton13 somewhere near I think the city council should have made an exception in this case IN MY BACKYARD (caps to show you I know this is in part a NIMBY issue) to their full commitment to bike lanes that are really exercise lanes. I want to know what you think.

-- Steve Barton