My good friend Bob Fiscella is a real estate broker here in Dunwoody and I am happy to hear the good news regarding the Dunwoody real estate market on Bob's blog. The New York Times also had an interesting piece on Atlanta which tied weak housing demand to the lack of new people moving into the area for jobs and that is one the reasons work is being done by the city to foster economic development in order to retain the businesses that we do have, and to fill the vacant offices available within our community.
According to Bob's numbers, in the metro Atlanta area, there were 15.1 percent more homes sales in the 4th quarter of 2011 than in the 4th quarter of 2010. In Dunwoody, the increase was even greater.
In the 30338 and 30360 zip codes, 51 single-family homes sold in the 4th quarter, up from 31 homes in the 4th quarter of 2010. However, the median sales price dropped from $314,000 to $306,000, which is less of a drop than most cities in the metro area experienced. But the bottom does appear to be very near (we really won't know it until it's in our rear view mirror).
There currently are 147 active single family homes listed in Dunwoody (30338, 30360), priced from $94,900 to $1,200,000, with an additional 50 homes under contract. The 3-to-1 ratio is very promising.
To view any of the active listings with photos, click on the top link below. To view in a line item report, click on the bottom link.