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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
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.
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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% |
|
|
|
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|
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 |
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$ 323,864
|
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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 |
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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
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% |
|
|
|
|
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|
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
|
|
|
|
|
|
|
|
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|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
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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
|
|
|
|
|
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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 |
|
|
|
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November 2007 -
Forsyth |
Total |
|
|
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|
New Homes Sold - 12
months |
1214 |
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