With top-flight schools, a walkable city core with cutting-edge restaurants and fun shops, and relatively close proximity to downtown Atlanta, Decatur's got a lot going for it. Thanks to those factors, home prices have always been high relative to many surrounding areas. And they show zero signs of dipping.
While prices traditionally tend to drag at the end of the year due to the Holidays and crummier weather, Decatur's market stayed relatively strong to finish out 2015, logging a dramatic increase in prices year-over-year. That new data is the focus of a piece in Decatur Metro, compiled from a study by Michelle Cavaliere of 4 Walls Realty – Keller Williams Intown Atlanta, which illustrates just how hot the Decatur market got in 2015.
From the fourth quarter of 2014 to the last three months of 2015, the average sale price for a home in Decatur increased from around $425,000 to more than $475,000 — a 12 percent overall increase. The last quarter of 2015 did see a back-off from a peak in the spring, when the average house was selling for more than $500,000. It wasn't just prices that were up last year either, with the number of completed sales increasing almost 40 percent; and homes selling for more than a half-million dollars climbed 15 percent through the year.
The big takeaway from all of this is that Decatur hasn't lost its luster. And with limited inventory and interest through the roof, grabbing a bargain in the ITP city won't come easy any time soon.
- Decatur Home Sales Finish 2015 Strong [Decatur Metro]