Downturn Graceful Here

Northlake Resale Data
(Jan 1, 2006-Dec 31, 2008)

Northlake “ITP” (Tucker not studied)


“30345/Lakeside” (52% of all Lakeside High School zone re-sales)

Year Avg Sale Resale Vol
2006 $377,413 158
2007 $375,734 133 0.44% loss year over year
2008 $372,951 96 0.74% loss year over year
Pre-1980 homes Tot 387

Pre-1980 homes (64% of all sales, 84% of all re-sales)


“Total Lakeside” (parts of 30345, 30341, 30340, and 30033)

Year Avg Sale Resale Vol
2006 $362,698 255
2007 $350,751 269 3.3% loss year over year
2008 $333,706 214 4.8% loss year over year
Pre-1980 homes Tot 738

Pre-1980 homes (71% of all sales, 90% of all re-sales)

By Zip Code Pre-1980 homes (2006-2008)

Zip Resale Vol
30345 425
30033 149
30340 101
30341 63
Total 738


Time on Market

2006 50 days
2007 61 days
2008 86 days



Atlanta Metro Averages
All sales: -8.2% (Sept 2007 to Sept 2008)
All re-sales: -17% (2008)
*Source: Atlanta Journal Constitution

Re-Sales: Single-family detached homes only
2006 $227,776
2007 $228,564 +0.4%
2008 $193,349 -15.4%
*Source: Steve Palm, SmartNumbers, Marietta, GA


Tom Doolittle is a 15-year Northlake area resident in the Lakeside school zone, was a Charter Trustee and wrote the 501-c-3 Charitable Organization application to the IRS for Northlake Community Alliance, Inc. (NCA), founded and facilitated the Northlake Business Forum (NBF) from 2002 to 2004 and writes articles about the Northlake area for GoDeKalb.com and local websites.