30030 Real Estate Market Report

City of Decatur (30030) ::  2Q 2016 (April-June)

Decatur is one of our favorite places on the planet and we love to share GOOD NEWS and the latest real estate trends, so you will know when it is a good time to sell for top dollar or when you should nestle in and just enjoy your home for a few more years. Take a peek at the full 30030 real estate market report below... 30030 real estate market update for 2Q 2016

HOMES SOLD THIS SPRING

95 City of Decatur homes sold in 2Q.  It's slightly down from the same time last year (5%) due in part to low inventory levels. We don't know how long the seller's market will continue, but if you are contemplating selling in the near future, please check our market updates every quarter so you can pick the best time to sell at top dollar!

30030 HOME VALUES

Home values over the last 8 years in City of Decatur GA 30030The average single family home price in the City of Decatur is $626,256.  That about $27,000 higher than the same time last year (4.5%) and while that it is more than satisfactory increase, the days of the $100K or 20% annual increase may be behind us, as the real estate market is showing signs of leveling off.
  • City of Decatur home prices ranged from $307,000 to $1,269,000 last quarter
  • Median price was $625,000
  • Almost 20% of the homes sold were newly built homes and started at $689K.
If you are interested in new construction homes in City of Decatur, they are now averaging in the low to mid $800s.

HOW QUICKLY ARE HOMES SELLING?

Last quarter, City of Decatur homes sold in an average in 53 days.  The median # of days on the market was only 12 days and that's probably a more accurate reflection of the current market. There is a bit of a discrepancy in the time it takes to sell a home in Decatur -- 57% sold in less than two weeks and another 14% took more than 3 months to sell. For those that aren't selling in the first 2 weeks, they are either new construction homes that are listed before the homes are complete or they are homes that are priced higher than the current market can support and often have to reduce the price a few times before finding a buyer.

ARE BUYERS STILL WILLING TO PAY TOP DOLLAR?

Without a doubt!  The list price to sales price percentage is 97.6%, so buyers are negotiating about 2.5% off the sales price (on average).  An astounding  38% of the City of Decatur home sales were at 100% or more of the asking price. We don't know how long the seller's market will continue, but if you are contemplating selling in the near future, please check our market updates every quarter so you can pick the best time to sell at top dollar!

City of Decatur Homes Sales

See the 25 Most Expensive Homes Sold in Zip Code 30030

4/1/2016 - 6/30/2016 :: View all the current 30030 real estate listings
ADDRESS NEIGHBORHOOD BEDS BATHS  SQ FT LIST PRICE SOLD PRICE DOM
643 Pinetree Dr Druid Hills 6 6 5773 $1,399,900 $1,269,000 34
 423 Glendale Ave Glenwood Estates 5 3 3300 $1,050,000 $1,025,000 32
124 Brower St Oakhurst 5 4 3700 $899,900 $925,000 47
124 Oakland St City Of Decatur 5 4.5 3330 $875,000 $910,000 3
103 Walden Sq Walden Square 5 4.5 3773 $899,900 $899,900 324
171 Coventry Rd City of Decatur 5 4 3194 $850,000 $886,000 4
320 Columbia Dr Winnona Park 5 5.5 4333 $949,900 $875,000 560
116 Garland Ave Oakhurst 5 4.5 3500 $875,000 $855,000 279
196 Lamont Dr Clairmont Heights 4 3.5 3800 $889,000 $848,300 19
305 E Lake Dr Oakhurst 5 4 3302 $859,900 $845,000 100
140 Park Dr Winnona Park 5 4 3518 $849,900 $845,000 11
136 Brower St Winnona Park 6 5.5 4417 $879,900 $840,000 298
142 Emerson Ave Lenox Place 5 4.5 3200 $849,900 $829,000 194
137 Park Dr Winnona Park 6 5 2921 $830,000 $828,000 50
828 Sycamore Dr Sycamore Heights 4 4.5 3357 $799,900 $827,000 91
104 Pharr Rd Oakhurst 5 3 2988 $825,000 $825,000 4
186 Lamont Dr Clairemont Estates 4 3 3325 $825,000 $820,000 0
145 Park Dr Winnona Park 5 4 3412 $827,500 $805,000 10
223 Clarion Ave Decatur 4 3 2710 $825,000 $799,000 36
825 Candler St Winnona Park 5 4 3211 $775,000 $775,000 22
109 Melrose Ave Lenox Place 4 3 2755 $775,000 $775,000 6
136 Garden Ln Clairemont Estates 5 3 2705 $775,000 $770,000 16
241 Madison Ave Oakhurst 4 3.5 2786 $775,000 $770,000 5
232 Mount Vernon Glenwood Estates 5 2.5 2600 $749,000 $760,000 21
1421 Oakview Rd Oakhurst 5 4.5 3021 $765,000 $760,000 8
The City of Decatur 30030 real estate data was extracted from the Atlanta FMLS on July 15, 2016 and interpreted by Kerry Lucasse with the Nest Atlanta team at eXp Realty. All information is deemed reliable but is not guaranteed.  If you would like the complete report of City of Decatur home sales (including home photos), please text or call Kerry at 404-432-1844.  I'd be happy to send to you! .

Have questions about the real estate market and home values in zip code 30030?  

We'd be honored to help answer them.

Call anytime at 404-205-8800 or 404-432-1844.

Or visit us at:  inDecaturGA.com

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