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North Metro Atlanta Real Estate - Alpharetta Georgia Real Estate Market Update!

By
Real Estate Agent with Better Homes and Gardens Real Estate Metro Brokers 202787

Click here to see all North Metro Atlanta Real Estate for sale. 

Following is the activity recorded for Alpharetta Georgia Residential Real Estate Listings from 20 May, 2007 to 26 May, 2007:

It was a very busy week in real estate sales in Alpharetta, GA this past week with new listings outstripping concluded sales by just over 3 to 1.  However, considering the 35 homes that went under contract, 12 expired listings, 25 sold listings and 14 listings withdrawn, the overall availabillity of housing increased by 3 units. This seems to indicate that Alpharetta is still experiencing a very even market! 

There were 89 Alpharetta Georgia homes listed for sale this past week, with listing prices ranging from $159,900 for a 2BR, 2BA home in Village at Jones Ferry to $2,800,000 for a 5 BR, 6 Full 2 half BA home in Country Club of the South.  The average list price for all new Alpharetta Georgia homes listed for sale in the last week was $531,366.  A total of $46,760,200 worth of Alpharetta Georgia housing came on the market last week!

1 Alpharetta Georgia home came back on the market this past week.

3 Alpharetta Georgia mls real estate listings were extended this past week. 

Sellers are ready for some serious action as 29 Alpharetta Georgia homes had their prices reduced while only 1 Alpharetta Georgia homes had a price increase this past week.  This is a strong signal that homeowners are ready to get moving!

Hopes of getting a sale were dashed for 12 Alpharetta Georgia homeowners this week as their listings expired, they were priced from $229,500 to $2,100,000.

On the bright side, there were 35 Alpharetta Georgia mls real estate listings that went under contract this past week!  These homes ranged in asking price from $138,900 for a 3BR, 2.5BA home in Hunters Forest to $999,900 for a 4BR, 4 Full 2 Half BA home in Cameron Crest Farms.  The average list price for all Alpharetta Georgia mls real estate listings that went under contract last week was $423,831.  A total of $14,834,087 worth of Alpharetta Georgia housing went under contract in the last week.

There were 25 Alpharetta Georgia mls real estate listings reported sold this past week, up from 16 last week! These homes ranged in price from $171,000 for a 3BR 2.5BA home in Jones Bridge Plantation to $1,389,000 for a 5BR, 4 full 2 half BA home in Country Club of the South.  The average sale price for all Alpharetta Georgia homes sold this past week was $380,353.  The average list price to sale price ratio for all Alpharetta Georgia homes sold this past week was 97.4% up from 96.8% last week.  The average Days on Market for all Alpharetta Georgia homes sold this past week was 48.6 down from 62 last week.  A total of $9,508,830  worth of Alpharetta Georgia housing was closed on this past week up from $4,991,849 last week.

There were 14 Alpharetta Georgia mls real estate listings withdrawn from the market last week.

Feel free to contact Lucia Brooks at 404-803-0483 or lucia@luciabrooks.com if you would like more detailed information regarding these transactions.

Visit http://www.luciabrooks.com/ to view all homes for sale today in Alpharetta Georgia!