About Decatur's Oakhurst

November 2011 Real Estate Market Update for Oakhurst Decatur

Oakhurst | Decatur, GA | 30030 | Data extracted from the Atlanta FMLS 11/01/2011 to 11/31/2011

Single Family Homes Sold in Oakhurst

The number of Oakhurst Decatur homes sold was down from the same time last year, but the time to sell a home went from 67 days in 2010 to only 33 days in 2011! Because homes were priced closer to their fair market value, they not only sold faster, they list price to sales price ratio was much higher than the previous year (94.4% versus 96.3%).

Demand for this popular Intown Atlanta neighborhood is still strong, compared to other nearby neighborhoods and thankfully, the CIty of Decatur (including Oakhurst) haven't been hit as hard by short sales and foreclosures.

If you are thinking of buying a home, there are still some fantastic homes for sale in Oakhurst -- and many are listed at prices unheard of three short years ago.

OAKHURST HOME SALES (November 2011 vs 2010)

Nov 2011 - 5 homes sold with an average sales price of $355,060

Nov 2010 - 9 homes sold with an average sales price of $336,113

UNDER CONTRACT & AVAILABLE HOMES FOR SALE IN OAKHURST

11 Oakhurst homes are under contract / pending with an average asking price of $431,000

1 Short sale available in Oakhurst

30 Oakhurst homes are currently for sale (active) with an average asking price of $467,283

[Current homes for sale range in price between $129,900 and $799,000]

HOMES SOLD IN OAKHURST DECATUR - NOV 2011

Address	BR	Baths	Sold Price	DOM
2nd Avenue	4	3	$495,300 #	7
E Lake Drive	5	3.5	$376,000	12
Kings Highway	3	2	$325,000 #	5
Sterling Street	3	2.5	$309,000	92
McKoy Street	3	1 .5	$270,000	47

New to Atlanta? Here's the scoop about Oakhurst...

Located just outside of Downtown Decatur, Oakhurst has quickly become one of Intown Atlanta's most desirable neighborhoods for young professionals and families. The active neighborhood hosts several festivals and events that bring in thousands of Atlantans each year. Events range from weekly live Jazz on the lawn in the Fall to the Oakhurst Arts Festival, Wine Crawl and special events for the children in the neighborhood.

If you are looking for excellent schools, an active neighborhood association, local eateries and pubs, and friendly neighbors, Oakhurst has it all!

What do you get for the money? The homes in Oakhurst Decatur range in style from 1920s bungalows to post-war cottages, with new Craftsman homes speckled in between. Home values range from about $220K to $675K, with the median in the mid $300s. If you are looking for a renvated 3 bedroom / 2 bathroom bungalow, expect to pay about $320K to $360K.

Learn more about Oakhurst GA >>

Decatur GA Real Estate - Homes for Sale in Decatur GA 30030

Decatur is one of my favorite places in Atlanta, especially the City of Decatur (zip code 30030). It features some of Atlanta's most popular "Intown" neighborhoods, from Druid Hills to Oakhurst and Downtown Decatur. Home values haven't been as impacted as neighboring communities and foreclosures are few and far between.

October 2011 Real Estate Market Update for Decatur

City of Decatur | Georgia | 30030 | Data extracted from the FMLS 10/01/2011 thru 10/31/2011

Single Family Homes Sold in Decatur

The number of Decatur homes sold was down slightly from the same time last year, but the list price to sales price ratio remains strong at 95.4% in 2010 and 95.8% in 2011.

On interesting thing to note is that the gap in the price of homes continues to increase, with the most expensive home selling in the mid $700s and the lowest priced home selling at $33K. Some areas of Decatur (Druid Hills, Oakhurst, Great Lakes) haven't been hit as hard by foreclosures as other areas, such as Midway Woods.

	Homes Sold	Average Sale Price	Highest Sale	Lowest Sale
2011	21	$310,600	$737,000	$33,000
2010	25	$292,195	$615,000	$80,850

Days on Market

(How long are homes on the market?)

Homes took almost 20% longer to sell this October, with a few that took over 200 days.

No matter what market we are in, it is always so important to price your home correctly the first time. If your home is priced according to the current market value, not only is it going to sell quickly, previous research tells us that is it going to sell for significantly MORE than if you had it on the market for 3, 4 or 6 months.

	Average Time to Sell	Longest Sale	Shortest Sale
2011	80 days	238 days	4 days
2010	65 days	193 days	3 days

If you would like to better understand the current market value of your Decatur home and/or get the latest real estate market statistics, please don't hesitate to call us at 404.432.1844.

We would be honored to assist you!

See all the homes currently for sale in the City of Decatur

Historic Druid Hills homes

Oakhurst Decatur homes

Get in the spirit this year and shop local, shop small!

The City of Decatur is bringing back "Terrific Thursdays" this year and every week you will find great prices at Decatur's eclectic shops, galleries and restaurants. All of the participating businesses will stay open late, offering snacks and special "Terrific Thursday" deals.

Rumor has it that Santa will also be roaming around Downtown Decatur in December's Terrific Thursdays!

Shopping Dates: November 10 & 17, December 1, 8 & 15

For more information and a list of participating retailers and restaurants, please visit the City of Decatur's Official Terrific Thursdays webpage.

Oakhurst Decatur Real Estate Market | Homes in Oakhurst GA

Located just outside of Downtown Decatur, Oakhurst has quickly become one of Intown Atlanta's most desirable neighborhoods for young professionals and families.

If you are looking for excellent schools, an active neighborhood association, festivals, events, local eateries and pubs, Oakhurst has it all!

The homes in Oakhurst Decatur range in style from 1920s bungalows to post-war cottages, with new Craftsman homes speckled in between. Home values range from about $220K to $675K, with the median in the mid $300s.

Learn more about Oakhurst GA >>

SO.... HOW'S THE MARKET IN OAKHURST?

Overall, things are looking up! The number of home sales dramatically increased, homes are selling close to the listing price (about 2.5% less) and the time to sell a home has remained flat.

As for the home values, it is still too soon to tell if they are actually on the rise, as many of the Atlanta "Intown" neighborhoods with a wide range of home values only have a dozen or so home sales each quarter. Depending on which homes are listed during that time period, the average sales prices can often vary dramatically from quarter to quarter (as you will see in the following report).

OAKHURST REAL ESTATE SALES

[July - September (3Q) Results; compared to the same time last year]

OAKHURST GA HOME SALES

The number of homes sold dramatically increased (by 20.8%) compared to the same time last year. This could be due in part to the low interest rates and buyers may also realize that we are at -- or close to -- the bottom of the market.

LISTING PRICES VERSUS FINAL SALES PRICE

Based on the 3Q 2011 data, it reveals that Oakhurst Decatur home sellers are pricing their home correctly the first time -- and buyers understand that homes in this neighborhood are in high demand.

QUESTIONS? THOUGHTS?

If you have any questions about the value of your Oakhurst / Decatur home or the current market, we urge you to contact a local realtor. The real estate market can vary from quarter to quarter (and month to month), so it is important that you have access to the latest information before deciding to buy or sell your home.

You can call us day or night at 404.432.1844.

Posted by:

Kerry Lucasse, Decatur Real Estate Consultant

Ian Marshall Realty - Nest Atlanta Real Estate Group

Direct Phone - 404.432.1844

For more information about the Nest Atlanta team and Intown Atlanta / Decatur real estate, please visit:

Oakhurst Decatur Real Estate | Homes for Sale in Oakhurst GA

Search for homes in ALL the Intown Atlanta neighborhoods

Please note: Oakhurst sales data deemed reliable but not guaranteed.

Data extracted from First MLS by Kerry Lucasse on 10/11/2011.

Homes for sale in Oakhurst Decaur - Oakhurst GA Real Estate - Decatur Homes for Sale

Looking for a home in one of Intown Atlanta's most popular neighborhoods? The homes in Oakhurst are in high demand and tend to sell quickly, so it is important that you watch for newly listed homes in the neighborhood.

Located just outside of Downtown Decatur, Oakhurst is extremely desirable for home buyers in the $250K to $500K price range, thanks to the great schools, parks, community gardens, fantastic neighborhood association, and multiple neighborhood festivals and events. It was only about 5 or 6 years ago that people started discovering this charming, active Decatur neighborhood. Prior to that time, it was definitely one of Decatur's best kept secrets!

The Nest Atlanta Real Estate Group loves this neighborhood so much that we created a special Oakhurst neighborhood website that gives you access to all of the homes for sale, including foreclosures, bungalows, cottages, Craftsmans, and "just listed" homes.

To view all of the homes for sale, please visit inOakhurstGA.com, but in the meantime, take a peek at the newly listed homes for sale in Oakhurst GA:

611 MCKOY ST, DECATUR, GA 30030 $599,900 4 Bedrooms 3 Full | 1 Partial Bathrooms Listing # 4265470

125 MCCLEAN ST, DECATUR, GA 30030 $550,000 4 Bedrooms 3 Bathrooms Photo Tour (15) Listing # 4265148

905 3RD AVE, DECATUR, GA 30030 $509,900 4 Bedrooms 3 Full | 1 Partial Bathrooms Photo Tour (11) Listing # 4263294

128 GREENWOOD PL, DECATUR, GA 30030 $399,000 3 Bedrooms 3 Bathrooms Virtual Tour Photo Tour (24) Listing # 4265678

308 GREENWOOD AVE, DECATUR, GA 30030 $339,000 3 Bedrooms 1 Full | 1 Partial Bathrooms Photo Tour (20) Listing # 4264903

470 E PHARR RD, DECATUR, GA 30030 $329,900 3 Bedrooms 2 Full | 1 Partial Bathrooms Photo Tour (25) Listing # 4265170

Interested in other Decatur neighborhoods? Visit http://ATLhomesearch.com/neighborhoods/decatur/homes.html

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Thank you for visiting our Intown Atlanta Neighborhood Blog

Posted by: Kerry Lucasse - Nest Atlanta Real Estate Agent - The Nest Atanta Real Estate Group is part of Ian Marshall Realty and specializes in Atlanta's Intown and Decatur neighborhoods.

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