The Sandy Springs area outside of 285  has seen prices and number of transactions drop over the last few months.  It's tough to make too much from the graphs because the number of transactions for this area are pretty small.  There is also a very wide range of prices.  The average price fluctuates a lot depending  on how many $300,000 homes vs. the number of $million plus homes selling in a particular month.

But it looks like prices have broken down to a range they were in between 2002-2005.

I live in this area.  A home just about 10 houses down the road from me gives me an indication about where prices are headed.  A renovated home sold about two years ago for $540,000 and now is on the market again.  They just reduced the price to $449,000. 

The numbers below are for single family detached homes in FMLS area 131. Links to stats for other areas are at the bottom of the page.

Year over year, total transactions fell from 16 to 11 (-31%)

Year over year, average sales price decreased from $555,094 to $378,852 (-32%)

All data for graphs is taken from the FMLS statistics put out by Smart Numbers.

For other market areas as shown in the following map, please click on the links below.

All areas combined: Summary of all FMLS areas

Area 13: North Fulton, Alpharetta/Roswell West of 400
Area 14: North Fulton, Alpharetta East of 400
Area 131: Sandy Springs North of 285
Area 132: Sandy Springs Southe of 285
Area 21: Buckhead
Area 23: Midtown/Virginia Highlands
Area 31: South Fulton, West End
Area 33: South Fulton outside 285
Area 81: East Cobb, North
Area 82: East Cobb, Central
Area 83: East Cobb South
Area 72: South Cobb
Area 73: Cobb West Central
Area 74: Cobb West
Area 75: Cobb Northwest
Area 121: North DeKalb, Dunwoody
Area 41: DeKalb, Tucker
Area 42: DeKalb, Stone Mountain
Area 43: DeKalb South
Area 221: Forsyth East
Area 222: Forsyth Southwest
Area 62: Gwinnett, Duluth/Buford
Area 64: Gwinnett, Southwest
Area 161: Clayton County