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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.
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|
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 |
|
