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Forsyth County, North Fulton and West Gwinnett Real Estate Report

Single family homes in Forsyth County saw the annual average sale price drop 3% from $323,864 in November 2006 to $313,431, in November 2007, which does not mirror the rest of the metro Atlanta area, which increased by 3% from November 2006 to November 2007. Average home values in North Fulton dropped from $426,376 in November 2006 to $416,446 in November 2007 a 2% decrease, while West Gwinnett saw a dramatic drop of the annual average home value, decreasing 11% from $322,888 in November 2006 to $288,041 in November 2007.

Actual home sales in Forsyth County dropped 19% compared to November 2006, which is 14% better than the metro Atlanta real estate sales. North Fulton home sales dropped 23% while West Gwinnett home sales dropped 26% over the same time last year. 

In Forsyth County new home inventory dropped from last month of 9.6 months of new home inventory to this month of 9 months of new home inventory. The average selling time also reduced from of 144 days to 132 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 70.4 days last month compared to 69.6 days this month. North Fulton new home inventory increased from 19.9 months of new home inventory last month to 20.5 months of new home inventory this month, with an average selling time changing from 156 days to 181 days. Resale homes inventory in North Fulton remained the same at 7.05 months of resale home inventory. Resale home average selling time dropped to 60 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.

 

 

Sales Statistics for Forsyth County GA

Area

Forsyth November 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 November 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 November 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 November 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 November 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 November 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

 

 

 

 

 

November 2007 - Forsyth

Total

 

 

New Homes Sold - 12 months

1214

New Current Inventory

927

New Months of Inventory

9.0

New Days on Market

132

Resale Homes Sold - 12 months

2160

Resale Current Inventory

1767

Resale Months of Inventory

9.6

Resale Days on Market

69.6

 

 

November 2007 - North Fulton

Total

 

 

New Homes Sold - 12 months

271

New Current Inventory

477

New Months of Inventory

20.55

New Days on Market

181

Resale Homes Sold - 12 months

3171

Resale Current Inventory

1843

Resale Months of Inventory

7.05

Resale Days on Market

60

 

 

November 2007 - West Gwinnett

Total

 

 

New Homes Sold - 12 months

720

New Current Inventory

608

New Months of Inventory

10.1

New Days on Market

157

Resale Homes Sold - 12 months

1839

Resale Current Inventory

1476

Resale Months of Inventory

9.6

Resale Days on Market

67

 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; 

 

Average Selling Price

Average Sale to Listing Price

Average Days on the Market

David Gibbard

$309,663*

99.51%*

34.5 Days*

Top 6 Agents (average)

$282,079

96.54%

77.9 Days

Difference

$27,584

2.97%

43.4 Days

Well Know TV & Radio Ad Agent (I am applying for a job to be your realtor)

$264,373

99.19%

106.6 Days

* Not one of the top 6 agents out performed David Gibbard’s sales results in any category. 

If you would like to receive a free copy of this “independently verified” sales performance report please call our toll free pre-recorded information order line at 877-411-9264 ID # 1605 or you can order it online at www.ATLAgentResults.com.

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Your Home Didn't Sell. Do You Know Why?
 

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. 


How to Get Your Asking Price in a Buyer's Market
 

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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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Serving the northside of metro Atlanta, Georgia area

The information provided is by Alpha Team Realty, Inc. is deemed reliable, but is not guaranteed and is subject to change without notice. Alpha Team Realty, Inc. and business partners are not responsible for misinformation, misprints, typographical errors, etc. herein contained. There is no implied or expressed fiduciary, agency or agent relation between Alpha Team Realty, Inc. and any user of Alpha Team Realty's.  services or any services provided through the use of this web site, unless specifically contracted in writing. Alpha Team Realty, Inc. is a Georgia licensed real estate broker license number H-37835, Qualifying Broker David Gibbard.

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