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Daily Foreclosure and Distress
Homes Report
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Receive by e-mail a free daily report on
foreclosures and distress sale homes in your area.
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Discover how to avoid these costly mistakes.
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FREE Special Report "How To Stop
Paying Rent and Own Your Own Home"
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Questions Real Estate Agents Hate
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| 10 questions
you must
ask when interviewing an agent. |
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New Monthly Feature
Forsyth County, North
Fulton and
West Gwinnett Real Estate Report.
Homes
in Forsyth County saw the annual average sale price remain relatively flat from
$306,987 in October 2006 to $305,678, in October 2007. That is consistent with
home sale prices throughout the entire metro Atlanta area, which decreased only
0.3% from October 2006 to October 2007. Average home values in North Fulton
dropped from $407,967 in October 2006 to $389,043 in October 2007 a 5% decrease,
while West Gwinnett also saw an annual average home value decrease from $289,502
in October 2006 to $284,674 in October 2007 a decrease of 2%.
Actual
home sales in Forsyth County dropped 27% compared to October 2006, which is 4%
better than the metro Atlanta real estate sales. North Fulton home sales dropped
28% while West Gwinnett home sales dropped only 2% over the same time last year.
New
home builders made a come back by offering significant price reductions in
October. In Forsyth County new home inventory dropped from last month of 13.6
months of new home inventory to this month of 9.6 months of new home inventory.
The average selling time increased from of 133 days to 144 days. Resale home
inventory in Forsyth County went from of 9.4 months of resale home inventory
last month to 9.6 months of resale home inventory this month with an average
selling time of 69.3 days last month compared to 70.4 days this month. North
Fulton new home inventory increased from 18 months of new home inventory last
month to 19.9 months of new home inventory this month with an average selling
time changing from 153 days to 156 days. Resale homes inventory in North Fulton
went from 7.05 months of resale home inventory last month to 7.15 this months
with an average selling time of 104 days.
The
doom and gloom data for residential real estate and the negative media real
estate hype just does not match the real estate market conditions in Forsyth
County, North Fulton and West Gwinnett. If you would like to receive and
in-depth analysis of the Forsyth County, North Fulton and West Gwinnett real
estate market, including an analysis by price range (the numbers vary
significantly based on price range) call our pre-recorded toll free order
hotline at 877-411-9264 ID # 1625 or you can order it only line at
www.ATLMLSdata.com.
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Sales Statistics for
Forsyth County GA |
|
Area |
Forsyth Sept 2007 |
Sales |
Change |
Ave Sale Price |
Change |
|
221 |
East GA - 400 |
86 |
67% |
$ 344,539
|
96% |
|
222 |
West GA - 400 |
57 |
84% |
$ 300,917
|
105% |
|
223 |
North |
32 |
73% |
$ 271,579
|
98% |
|
|
|
175 |
73% |
$ 917,035
|
100% |
|
|
Average |
58.3 |
73% |
$ 305,678
|
100% |
|
|
|
|
|
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|
Area |
Forsyth Sept 2006 |
Sales |
|
Ave Sale Price |
|
|
221 |
East GA - 400 |
128 |
|
$ 358,668
|
|
|
222 |
West GA - 400 |
68 |
|
$ 285,317
|
|
|
223 |
North |
44 |
|
$ 276,975
|
|
|
|
|
240 |
|
$ 920,960
|
|
|
|
Average |
80.0 |
|
$ 306,987
|
|
|
|
|
|
|
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Months of Unsold
Inventory Forsyth |
|
Area |
Forsyth Sept 2007 |
Sales |
Units |
Mths of Inventory |
DOM |
|
221 |
East GA - 400 |
86 |
1058 |
10.0 |
147.8 |
|
222 |
West GA - 400 |
57 |
395 |
8.0 |
116.2 |
|
223 |
North |
32 |
314 |
11.0 |
117.8 |
|
|
|
175 |
1767 |
|
|
|
|
Average |
58.3 |
|
9.7 |
127.3 |
|
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DOM = Days on market |
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Sales Statistics for
North Fulton GA |
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|
Area |
North Fulton October
2007 |
Sales |
Change |
Ave Sale Price |
Change |
|
13 |
West GA - 400 |
75 |
64% |
$ 382,447
|
96% |
|
14 |
East GA - 400 |
106 |
78% |
$ 395,639
|
95% |
|
|
|
181 |
72% |
$ 778,086
|
95% |
|
|
Average |
36.2 |
72% |
$ 389,043
|
95% |
|
|
|
|
|
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|
Area |
North Fulton October
2006 |
Sales |
|
Ave Sale Price |
|
|
13 |
West GA - 400 |
117 |
|
$ 397,586
|
|
|
14 |
East GA - 400 |
136 |
|
$ 418,347
|
|
|
|
|
253 |
|
$ 815,933
|
|
|
|
Average |
50.6 |
|
$ 407,967
|
|
|
|
|
|
|
|
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|
Months of Unsold
Inventory North Fulton |
|
Area |
North Fulton October
2007 |
Sales |
Units |
Mths of Inventory |
DOM |
|
13 |
West GA - 400 |
75 |
821 |
7.3 |
101.2 |
|
14 |
East GA - 400 |
106 |
1087 |
7.0 |
106.7 |
|
|
|
181 |
1908 |
|
|
|
|
Average |
90.5 |
|
7.2 |
104.0 |
|
|
DOM = Days on market |
|
|
|
|
|
|
|
|
|
|
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|
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Sales Statistics for
West Gwinnett GA |
|
|
Area |
West Gwinnett Oct
2007 |
Sales |
Change |
Ave Sale Price |
Change |
|
62 |
Duluth & Suwanee |
151 |
68% |
$ 284,674
|
98% |
|
|
|
|
|
|
|
|
Area |
West Gwinnett Oct
2006 |
Sales |
|
Ave Sale Price |
|
|
62 |
Duluth & Suwanee |
223 |
|
$ 289,502
|
|
|
|
|
|
|
|
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|
Months of Unsold
Inventory West Gwinnett |
|
Area |
West Gwinnett Sept
2007 |
Sales |
Units |
Mths of Inventory |
DOM |
|
62 |
Duluth & Suwanee |
151 |
1558 |
10.0 |
127.0 |
|
|
DOM = Days on market |
|
|
|
|
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September 2007 -
Forsyth |
Total |
|
|
|
|
New Homes Sold - 12
months |
1212 |
|
New Current
Inventory |
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