[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/images/12/09/art.reed1209.gi.jpg caption="Mary Norwood has conceded the Atlanta mayoral race to Kasim Reed, pictured."]
ATLANTA, Georgia (CNN) - Atlanta mayoral candidate Mary Norwood conceded the close race Wednesday after a recount yielded her only one additional vote, not nearly enough to overcome challenger Kasim Reed.
The elections board Saturday declared former state senator Reed the winner of the mayoral race after last week's runoff vote, but a recount stalled his official victory. According to the recount, Reed received 42,549 votes and Atlanta councilwoman Norwood racked up 41,835 votes, said Barry Garner, director of Fulton County's elections board - a difference of only 714 votes.
Garner said that although Norwood picked up a vote, he thinks the new results are accurate.
Norwood said she had called Reed and congratulated him on the win.
"The recount results are final and it is now time to accept the certification of the votes that were cast," Norwood said during her concession speech. "Losing is never easy, but given the closeness of this race it was always a possibility."
In the initial vote among eight contenders, Norwood received 45 percent of the votes to Reed's 37 percent. Lisa Borders came in a distant third with 14 percent of the vote, according to the Atlanta Journal-Constitution.
A candidate needs 50 percent plus one vote to avert a runoff.
–CNN's Aaron Cooper contributed to this report.