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BEWARE!
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ways to avoid 9 buyer traps that most buyers fail to navigate
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"6 Things You Must Know Before You Buy"
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Discover how to avoid these costly mistakes.
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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 |
|
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% |
|
|
|
161 |
81% |
$ 940,294
|
97% |
|
|
Average |
53.7 |
81% |
$ 313,431
|
97% |
|
|
|
|
|
|
|
|
Area |
Forsyth December
2006 |
Sales |
|
Ave Sale Price |
|
|
221 |
East GA - 400 |
93 |
|
$ 380,274
|
|
|
222 |
West GA - 400 |
63 |
|
$ 275,275
|
|
|
223 |
North |
44 |
|
$ 316,043
|
|
|
|
|
200 |
|
$ 971,592
|
|
|
|
Average |
66.7 |
|
$ 323,864
|
|
|
|
|
|
|
|
|
|
|
Months of Unsold
Inventory Forsyth |
|
|
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 |
|
|
|
161 |
1716 |
|
|
|
|
Average |
53.7 |
|
9.6 |
171.6 |
|
|
DOM = Days on market |
|
|
|
|
|
Sales Statistics for
North Fulton GA |
|
|
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% |
|
|
|
178 |
72% |
$ 832,891
|
98% |
|
|
Average |
35.6 |
72% |
$ 416,446
|
98% |
|
|
|
|
|
|
|
|
Area |
North Fulton
December 2006 |
Sales |
|
Ave Sale Price |
|
|
13 |
West GA - 400 |
111 |
|
$ 431,518
|
|
|
14 |
East GA - 400 |
136 |
|
$ 421,234
|
|
|
|
|
247 |
|
$ 852,752
|
|
|
|
Average |
49.4 |
|
$ 426,376
|
|
|
|
|
|
|
|
|
|
|
Months of Unsold
Inventory North Fulton |
|
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 |
|
|
|
178 |
1843 |
|
|
|
|
Average |
89 |
|
7.1 |
134.3 |
|
|
DOM = Days on market |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales Statistics for
West Gwinnett GA |
|
|
Area |
West Gwinnett Nov
2007 |
Sales |
Change |
Ave Sale Price |
Change |
|
62 |
Duluth & Suwanee |
136 |
74% |
$ 288,041
|
89% |
|
|
|
|
|
|
|
|
Area |
West Gwinnett Nov
2006 |
Sales |
|
Ave Sale Price |
|
|
62 |
Duluth & Suwanee |
185 |
|
$ 322,888
|
|
|
|
|
|
|
|
|
|
|
Months of Unsold
Inventory West Gwinnett |
|
Area |
West Gwinnett Nov
2007 |
Sales |
Units |
Mths of Inventory |
DOM |
|
62 |
Duluth & Suwanee |
136 |
1476 |
9.6 |
114.2 |
|
|
DOM = Days on market |
|
|
|
|
|
December 2007 -
Forsyth |
Total |
|
|
|
|
New Homes Sold - 12
months |
1158 |
|
New Current
Inventory |
939 |
|
New Months of
Inventory |
9.6 |
|
New Days on Market |
149 |
|
Resale Homes Sold -
12 months |
2160 |
|
Resale Current
Inventory |
1767 |
|
Resale Months of
Inventory |
9.6 |
|
Resale Days on
Market |
69. |
|
|
|
|
December 2007 -
North Fulton |
Total |
|
|
|
|
New Homes Sold - 12
months |
267 |
|
New Current
Inventory |
470 |
|
New Months of
Inventory |
20.55 |
|
New Days on Market |
166.5 |
|
Resale Homes Sold -
12 months |
2122 |
|
Resale Current
Inventory |
1566 |
|
Resale Months of
Inventory |
8.90 |
|
Resale Days on
Market |
61 |
|
|
|
|
December 2007 - West
Gwinnett |
Total |
|
|
|
|
New Homes Sold - 12
months |
702 |
|
New Current
Inventory |
595 |
|
New Months of
Inventory |
10.2 |
|
New Days on Market |
159 |
|
Resale Homes Sold -
12 months |
1789 |
|
Resale Current
Inventory |
1355 |
|
Resale Months of
Inventory |
9.4 |
|
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;
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Free Online Home
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Your Home
Didn't Sell. Do You Know Why?
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| Your home
didn't sell or your listing expired. It likely wasn't your home.
We can show you why with a FREE DVD and report, How to Sell a
Home That Did Not Sell.
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How to Get Your
Asking Price in a Buyer's Market
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| Receive a
FREE no obligation report and DVD showing you how to get your
asking price in a buyer's real estate market. |
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27-Keys to
Selling Your Home
Quickly and for Top Dollar
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| Receive a
FREE no obligation report and DVD explaining the 27-keys to
selling your home quickly and for top dollar.
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11 High Cost Inspection Traps You
Should Know Weeks Before Listing Your Home For Sale
|
| To
help home sellers deal with this issue before their home is
listed, a free report entitled "11 Things You Need to Know to
Pass Your Home Inspection" has been compiled which explains the
issues involved. |
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