|
New Monthly Feature:
Forsyth County, North Fulton and West
Gwinnett
Real Estate Report.
Homes in Forsyth
County saw an annual average sale price increase from $292,348 to
$311,633, an increase of 6.6% in September, compared to the metro
Atlanta increase of 2.6%. Average home values in North Fulton also rose
from $400,030 to $409,001, a 2.2% increase, while West Gwinnett saw an
annual average home value decrease from $304,070 to $292,692, a decrease
of 3.9%.
Actual home sales in
Forsyth County dropped 26% compared to September 2006, which is 10%
better than the metro Atlanta real estate sales drop. North Fulton home
sales dropped 29% while West Gwinnett home sales dropped an incredible
90% over the same time last year.
The real estate
market in Forsyth County, North Fulton and West Gwinnett is not as bleak
as the numbers indicate, unless you are a new home builder. New home
inventory has cast significant red ink shadow into the real estate
picture. For example in Forsyth County new home inventory sits at 13.6
months with an average selling time of 133 days, compared to resale home
inventory in Forsyth County of 9.4 months with an average selling time
of 69.3 days. North Fulton new home inventory is 18 months with an
average selling time of 153 days, compared to resale homes in North
Fulton inventory of 7.05 months with an average selling time of 58.5
days, which are both healthy numbers.
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 Sept
2007 |
Sales |
Change |
Ave Sale
Price |
Change |
|
221 |
East GA -
400 |
116 |
82% |
$
354,789 |
110% |
|
222 |
West GA -
400 |
46 |
60% |
$
293,504 |
105% |
|
223 |
North |
34 |
76% |
$
286,606 |
104% |
|
|
|
196 |
74% |
$
934,899 |
107% |
|
|
Average |
65.3 |
74% |
$
311,633 |
107% |
|
|
|
|
|
|
|
|
Area |
Forsyth Sept
2006 |
Sales |
|
Ave Sale
Price |
|
|
221 |
East GA -
400 |
142 |
|
$
323,368 |
|
|
222 |
West GA -
400 |
77 |
|
$
278,441 |
|
|
223 |
North |
45 |
|
$
275,235 |
|
|
|
|
264 |
|
$
877,044 |
|
|
|
Average |
88.0 |
|
$
292,348 |
|
|
|
|
|
|
|
|
|
|
Months of
Unsold Inventory Forsyth |
|
Area |
Forsyth Sept
2007 |
Sales |
Units |
Mths of
Inventory |
DOM |
|
221 |
East GA -
400 |
116 |
1557 |
13.42 |
120.6 |
|
222 |
West GA -
400 |
46 |
673 |
14.63 |
105.1 |
|
223 |
North |
34 |
485 |
14.26 |
151.9 |
|
|
|
196 |
2715 |
|
|
|
|
Average |
65.3 |
|
13.85 |
125.9 |
|
|
DOM = Days
on market |
|
|
|
|
|
Sales
Statistics for North Fulton GA |
|
|
Area |
North Fulton
Sept 2007 |
Sales |
Change |
Ave Sale
Price |
Change |
|
13 |
West GA -
400 |
90 |
81% |
$
400,540 |
94% |
|
14 |
East GA -
400 |
118 |
68% |
$
417,463 |
111% |
|
|
|
208 |
73% |
$
818,003 |
102% |
|
|
Average |
41.6 |
73% |
$
163,601 |
102% |
|
|
|
|
|
|
|
|
Area |
North Fulton
Sept 2006 |
Sales |
|
Ave Sale
Price |
|
|
13 |
West GA -
400 |
111 |
|
$
424,726 |
|
|
14 |
East GA -
400 |
174 |
|
$
375,335 |
|
|
|
|
285 |
|
$
800,061 |
|
|
|
Average |
57 |
|
$
160,012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Months of
Unsold Inventory North Fulton |
|
Area |
North Fulton
Sept 2007 |
Sales |
Units |
Mths of
Inventory |
DOM |
|
13 |
West GA -
400 |
90 |
1121 |
12.46 |
116.2 |
|
14 |
East GA -
400 |
118 |
1241 |
10.52 |
98.1 |
|
|
|
208 |
2362 |
|
|
|
|
Average |
41.6 |
|
11.36 |
107.2 |
|
|
DOM = Days
on market |
|
|
|
|
|
|
Sales
Statistics for West Gwinnett GA |
|
|
|
Area |
West
Gwinnett Sept 2007 |
Sales |
Change |
Ave Sale
Price |
Change |
|
|
62 |
Duluth &
Suwanee |
125 |
53% |
$
292,692 |
96% |
|
|
|
|
|
|
|
|
|
|
Area |
West
Gwinnett Sept 2006 |
Sales |
|
Ave Sale
Price |
|
|
|
62 |
Duluth &
Suwanee |
238 |
|
$
304,070 |
|
|
|
|
|
|
|
|
|
|
|
|
Months of
Unsold Inventory West Gwinnett |
|
|
Area |
West
Gwinnett Sept 2007 |
Sales |
Units |
Mths of
Inventory |
DOM |
|
|
62 |
Duluth &
Suwanee |
125 |
1566 |
12.53 |
128.5 |
|
|
|
DOM = Days
on market |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
September
2007 - Forsyth |
Total |
|
|
|
|
New Homes
Sold - 12 months |
1098 |
|
New Current
Inventory |
1031 |
|
New Months
of Inventory |
13.6 |
|
New Days on
Market |
133 |
|
Resale Homes
Sold - 12 months |
2243 |
|
Resale
Current Inventory |
1774 |
|
Resale
Months of Inventory |
9.4 |
|
Resale Days
on Market |
69.3 |
|
|
|
|
September
2007 - North Fulton |
Total |
|
|
|
|
New Homes
Sold - 12 months |
285 |
|
New Current
Inventory |
431 |
|
New Months
of Inventory |
18 |
|
New Days on
Market |
153 |
|
Resale Homes
Sold - 12 months |
3286 |
|
Resale
Current Inventory |
2200 |
|
Resale
Months of Inventory |
7.05 |
|
Resale Days
on Market |
58.5 |
|
|
|
|
September
2007 - West Gwinnett |
Total |
|
|
|
|
New Homes
Sold - 12 months |
748 |
|
New Current
Inventory |
603 |
|
New Months
of Inventory |
9.7 |
|
New Days on
Market |
151 |
|
Resale Homes
Sold - 12 months |
1934 |
|
Resale
Current Inventory |
1566 |
|
Resale
Months of Inventory |
9.7 |
|
Resale Days
on Market |
64 |
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.
Since August 1999 we
have published a monthly newsletter that provides information to our
valued clients, past clients and prospective clients, about the metro
Atlanta real estate market, as well as articles about buying, selling,
improving and maintaining residential real estate. While information
about the state of the metro Atlanta real estate market is interesting
and useful, those of us who have been in real estate for many years know
that real estate is a local market with local changes and idiosyncrasies
that are often not reflected in the overall metro Atlanta real estate
market. When you are considering buying or selling a home on the
northside area, you want and need real estate information and real
estate trends within North Fulton, Forsyth County and West Gwinnett.
Therefore in addition to publishing information about the metro Atlanta
real estate market, we intend to publish every month, real estate
information and trends specifically about our area, where we are the
experts, in Forsyth County, North Fulton 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. |
