The picture for Atlanta home sales was as bleak as the weather in February. Atlanta real estate was down 18% from a year ago, while Atlanta real estate prices dropped 25%. The February results reflect the immediate aftermath of the financial crisis and stock market dive of late last year. There were some bright spots, including Buckhead real estate, in particular the area north of Chastain Park which posted a 125% increase in sales from February 2008. Other areas of Atlanta real estate the posted modest price gains were Alpharetta West real estate (+6%), Marietta/East Cobb (+2%), and Atlanta Intown (+3%), which encompasses the neighborhoods of Ansley Park, Midtown, Morningside and Virginia Highland.
