New Monthly Feature
Forsyth County, North
Fulton and
West Gwinnett Real Estate Report.
Single family homes in Forsyth County saw the annual average sale price drop 8% from $357,692 in December 2006 to $330,448, in December 2007, which more than double the rest of the metro Atlanta area, which decreased by 3.5% from December 2006 to December 2007. Average home values in North Fulton dropped from $399,229 in December 2006 to $389,661 in December 2007 a 2% decrease. West Gwinnett matched Forsyth County with average annual home value’s decreasing 8%, from $329,444 in December 2006 to $304,544 in December 2007.
Actual home sales in Forsyth County dropped 37% compared to December 2006, which matches the 37% reduction in metro Atlanta real estate sales. North Fulton home sales dropped 40% while West Gwinnett home sales dropped 34% over the same time last year.
In Forsyth County new home inventory rose slightly from last month of 9.6 months of new home inventory to this month of 9.7 months of new home inventory. The average selling time also rose from of 132 days to 149 days. Resale home inventory in Forsyth County remained the same at 9.6 months of resale home inventory. The average selling time came down slightly from 69.6 days last month compared to 69.0 days this month. North Fulton new home inventory increased from 20.5 months of new home inventory last month to 20.55 months of new home inventory this month, with an average selling time changing from 184 days to 166.5 days. Resale homes inventory in North Fulton remained the rose from 7.05 months of resale home inventory to 8.9 months. Resale home average selling time rose from 60 days to 61 days.
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 |
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Area |
Forsyth December 2007 |
Sales |
Change |
Ave Sale Price |
Change |
|
221 |
East GA - 400 |
92 |
99% |
$ 360,436 |
95% |
|
222 |
West GA - 400 |
46 |
73% |
$ 296,333 |
108% |
|
223 |
North |
23 |
52% |
$ 283,525 |
90% |
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|
|
161 |
81% |
$ 940,294 |
97% |
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Average |
53.7 |
81% |
$ 313,431 |
97% |
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Area |
Forsyth December 2006 |
Sales |
|
Ave Sale Price |
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221 |
East GA - 400 |
93 |
|
$ 380,274 |
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|
222 |
West GA - 400 |
63 |
|
$ 275,275 |
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|
223 |
North |
44 |
|
$ 316,043 |
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|
|
200 |
|
$ 971,592 |
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Average |
66.7 |
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$ 323,864 |
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Months of Unsold Inventory Forsyth |
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Area |
Forsyth December 2007 |
Sales |
Units |
Mths of Inventory |
DOM |
|
221 |
East GA - 400 |
92 |
1038 |
9.9 |
140.0 |
|
222 |
West GA - 400 |
46 |
374 |
7.7 |
186.7 |
|
223 |
North |
23 |
304 |
11.2 |
188.2 |
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|
161 |
1716 |
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Average |
53.7 |
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9.6 |
171.6 |
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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 December 2007 |
Sales |
Change |
Ave Sale Price |
Change |
|
13 |
West GA - 400 |
68 |
61% |
$ 442,987 |
103% |
|
14 |
East GA - 400 |
110 |
81% |
$ 389,904 |
93% |
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|
178 |
72% |
$ 832,891 |
98% |
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Average |
35.6 |
72% |
$ 416,446 |
98% |
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Area |
North Fulton December 2006 |
Sales |
|
Ave Sale Price |
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|
13 |
West GA - 400 |
111 |
|
$ 431,518 |
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|
14 |
East GA - 400 |
136 |
|
$ 421,234 |
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|
|
247 |
|
$ 852,752 |
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Average |
49.4 |
|
$ 426,376 |
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Months of Unsold Inventory North Fulton |
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Area |
North Fulton December 2007 |
Sales |
Units |
Mths of Inventory |
DOM |
|
13 |
West GA - 400 |
68 |
801 |
7.3 |
138.3 |
|
14 |
East GA - 400 |
110 |
1042 |
6.8 |
130.3 |
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|
178 |
1843 |
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Average |
89 |
|
7.1 |
134.3 |
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DOM = Days on market |
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Sales Statistics for West Gwinnett GA |
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Area |
West Gwinnett Nov 2007 |
Sales |
Change |
Ave Sale Price |
Change |
|
62 |
Duluth & Suwanee |
136 |
74% |
$ 288,041 |
89% |
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Area |
West Gwinnett Nov 2006 |
Sales |
|
Ave Sale Price |
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|
62 |
Duluth & Suwanee |
185 |
|
$ 322,888 |
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Months of Unsold Inventory West Gwinnett |
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Area |
West Gwinnett Nov 2007 |
Sales |
Units |
Mths of Inventory |
DOM |
|
62 |
Duluth & Suwanee |
136 |
1476 |
9.6 |
114.2 |
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DOM = Days on market |
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December 2007 - Forsyth |
Total |
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New Homes Sold - 12 months |
1158 |
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New Current Inventory |
939 |
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New Months of Inventory |
9.6 |
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New Days on Market |
149 |
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Resale Homes Sold - 12 months |
2160 |
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Resale Current Inventory |
1767 |
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Resale Months of Inventory |
9.6 |
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Resale Days on Market |
69. |
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December 2007 - North Fulton |
Total |
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New Homes Sold - 12 months |
267 |
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New Current Inventory |
470 |
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New Months of Inventory |
20.55 |
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New Days on Market |
166.5 |
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Resale Homes Sold - 12 months |
2122 |
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Resale Current Inventory |
1566 |
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Resale Months of Inventory |
8.90 |
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Resale Days on Market |
61 |
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December 2007 - West Gwinnett |
Total |
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New Homes Sold - 12 months |
702 |
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New Current Inventory |
595 |
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New Months of Inventory |
10.2 |
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New Days on Market |
159 |
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Resale Homes Sold - 12 months |
1789 |
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Resale Current Inventory |
1355 |
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Resale Months of Inventory |
9.4 |
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Resale Days on Market |
66 |
Alpha Team Realty is centrally located in Forsyth County, just north of the Fulton County line east of GA-400 in Alpharetta. We strategically established our office at this location so we can effectively serve our primary real estate market and clients in North Fulton, Forsyth County and West Gwinnett.
To clearly demonstrate our expertise in this area, last month we published a reprinted newspaper article with “independently verified numbers” that compared our sales performance to the top 6 selling real estate agents (by number of sales) in Forsyth County, North Fulton and West Gwinnett over a 12-month time frame covering Forsyth County, North Fulton and West Gwinnett. The information showed;