Duluth GA Real Estate Market Report for November 2011
Active Listings: 349 homes are available for sale in Duluth GA priced from $38,000 to $6,750,000
Pending Sales: 88 homes are in escrow priced from $34,650 to $4,695,000.
November Sales: 45 homes sold in November 2011.
- 20 homes were non-distressed
- 25 homes were a foreclosure or short sale, or 56% of total November sales
In November, 45 homes closed in Duluth Georgia. This is a decrease of 7 units, as there were 52 homes that closed in November 2010.
The average list price for the homes that closed in Duluth for November 2010 was $310,649.
The average list price for the homes that closed in Duluth for November 2011 was $249,959.
The average sales price for the homes that closed in Duluth for November 2010 was $287,512.
The average sales price for the homes that closed in Duluth for November 2011 was $239,434.
The average market time the homes that closed in Duluth for November 2010 was 91 days.
The average market time for the homes that closed in Duluth for November 2011 was 99 days.
Yearly Update through November 2011
In 2011 through November, a total of 708 homes were sold in Duluth with an average sales price of $234,229 and an average market time of 84 days.
In 2010 through November, a total of 598 homes were sold in Duluth with an average sales price of $305,926 and an average market time of 86 days.
4 Year History of Sold Properties in Duluth
In 2010, a total of 728 homes were sold in Duluth with an average sales price of $329,958 and an average market time of 83 days; 239 or 33% of these homes were distressed properties sold.
In 2009, a total of 713 homes were sold in Duluth with an average sales price of $304,611 and an average market time of 87 days; 231 or 30% of these homes were distressed properties sold.
In 2008, a total of 821 homes were sold in Duluth with an average sales price of $365,701 and an average market time of 95 days; 198 or 24% of these homes were distressed properties sold.
In 2007, a total of 1,089 homes were sold in Duluth with an average sales price of $386,001 and an average market time of 75 days; 107 or 10% of these homes were distressed properties sold.
*All information is from the FMLS and is for detached single family homes only.
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About the Author: the above Real Estate information on Duluth GA Real Estate Market Report for November 2011 was provided by Mark Mitchell. Mark can be reached by phone at 404-353-0185 or via e-correspondence at mark@markmitchellhomes.com. Also visitwww.markmitchellhomes.com
Copyright by Mark Mitchell 2011* Duluth GA Real Estate Market Report for November 2011*
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