Alpharetta real estate market report December 2007. Alpharetta homes sold. The new statistics have just been released for the city of Alpharetta homes sales this week. To skip the MLS jargon of the report... I broke down the numbers to just Alpharetta listed as the city as opposed to MLS areas that are harder to understand. For the Month of November 2007 there were only 117 Single Family Home Sales. This is very substantial drop in sales activity. It must also be tempered with the reality of all time highs in inventory of other homes for sale in Alpharetta.
Alpharettal Homes November 2007 Comparison
- November 2007 117 Sales Single Family Homes Average Sales price $ 411,735 Day to Sell 74
- November 2006 150 Sales Single Family Homes Average Sales price $ 425,305 Days to Sell 68
- November 2005 198 Sales Sales Single Family Homes Average Sales price $ 425,071 Days to Sell 58
Active - 1264 Properties Found
This trend shows deterioration in our market of sales, increased marketing time, 10.8 months of inventory and what you cannot see is the sellers contributions towards closing costs, and repeat time on market.
Alpharetta Condos / Town Home Sales November 2007 Comparison
- November 2007 Sold - 14 Sales Condo / Town Homes Average Sales price $ 184,989 Days to Sell 81
- November 2006 Sold - 26 Sales Condo / Town Homes Average Sales price $ 261,553 Days to Sell 136
- November 2005 Sold - 32 Sales Condo / Town Homes Average Sales price $ 207,865 Days to Sell 91
Active - 278 Properties Found. This translates to a 19.85 months of inventory.
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