Clicks and Mortar

A Real Estate Blog - Est. 2009

The Overall Value of Atlanta Real Estate Is Down, But There’s More to the Story - Pt.2

Posted on 30, August 2012 by csadmin

Okay, enough with the bad news! Previously, we examined which of Atlanta’s ITP (inside the Perimeter) neighborhoods took the hardest hits when it came to year-over-year change in home value, as calculated by Zillow. The number went as high as 30% - ouch! While overall metro values are down in Atlanta, there are healthy pockets of progress as well. Let’s take a look at where that’s happening intown, as well as in the suburbs. Keep in mind that data is not yet available for every single neighborhood.

Top Five Increases in Y-o-Y Home Value for July 2012 (ITP Atlanta Neighborhoods)

  1. Browns Mill Park: Notable for its two parks and quick access to the airport, this southside neighborhood characterized by ranch homes tops the list with a 15.1% increase in home value.
    Zillow Home Value Index: $55,000
  2. East Lake: East Lake has made significant gains with the redevelopment of a formerly downtrodden housing development and renovation of its historic building stock. All that hard work has paid off: values are up 14.1%.
    Zillow Home Value Index: $207,900
  3. Kirkwood: Just about halfway between Atlanta and Decatur, Kirkwood is a former streetcar suburb with a charming village area and a varied housing stock. Values in Kirkwood have increased 10.7%
    Zillow Home Value Index: $191,700
  4. Candler Park: The revitalization of Candler Park has been underway for decades, so it’s a little harder to find a steal here than other intown neighborhoods. Values in this eastside neighborhood are up 10%.
    Zillow Home Value Index: $352,900
  5. Reynoldstown: It might be playing catch up to the success of neighboring Cabbagetown, but things are looking up for Reynoldstown, which has transformed into an artists’ enclave in recent years. Values have increased 9.4%.
    Zillow Home Value Index: $164,1000

Meanwhile, a snapshot of the ‘burbs from increasing to decreasing:

Area % change Zillow Home Value Index
Decatur +10.5% $300,300
Duluth +4.2% $167,200
Woodstock +2.8% $152,100
Dunwoody +2.1% $305,700
Sandy Springs +1.5% $321,500
Chamblee +1.4% $207,600
Roswell -1% $241,100
Alpharetta -1.4% $262,300
Marietta -2.2% $166,000
Cumming -2.7% $197,300
Peachtree City -2.7% $220,400
Vinings -3.8% $260,900
Acworth -4.1% $131,600
Kennesaw -4.5% $137,900
Smyrna -4.7% $147,600
Stone Mountain -5.6% $73,700
Norcross -8.8% $78,300
Mableton -10.3% $100,400
McDonough -10.5% $120,000
Austell -12.4% $77,800
Lithonia -12.6% $64,300
Douglasville -13.4% $75,900

Posted in Housing News

Never miss a post!

Recent Posts