Cover Story Preview

Real Estate 2010

Navigate the current real estate environment with our guide. Featuring:

>>
The state of our real estate market—and hints of recovery
>> Best neighborhoods for vintage charm, good schools, culture, and greenspace
>> Great values from the condo glut
>> Tips for selling your home in today's market
>> Andisheh Nouraee's view from underwater
>> How the luxury home market is weathering
>> A photo essay of four first-time homebuyers
>> What Georgia's new property tax law could mean for you
>> The life of a house flipper in an upside-down market
>> Vital statistics for your city or neighborhood*

Get the digital edition right now for just 99 cents

Works great on your desktop, iPhone, or iPad

*Department of Corrections
Readers have enjoyed our Real Estate issue—that is, except for citizens in the city of Decatur, who expressed their displeasure when they noticed that the depressed sales prices we listed for their area were representative of all Decatur addresses, not just the city as we had mistakenly indicated. We’re sorry for that error, and with the help of a Decatur real estate agent, Sean Dammann, and the City of Alpharetta (whose sales prices we’d also listed as representing solely the city), we have some new numbers to share.

In fact, the city of Decatur’s citizens have reason to be proud. Median sales prices have held relatively steady over the past three years, dropping by only 0.6 percent since 2007 to around $350,000 (although the number of homes sold in the city was down 29.6 percent in 2009 to 178). Dammann culled his numbers  from the Sandy Springs–based First Multiple Listing Service (FMLS).

By the City of Alpharetta’s estimation, home values have seen an uptick of 3 percent over the past year, with a 5.7 percent decrease in the past four to five years. The median sales price is currently around $258,000. (Average sales prices for these cities were not measured by the two sources.)