Johns Creek GA Real Estate Market Report for December 2010

By
Real Estate Agent with Virtual Properties Realty

Johns Creek GA Real Estate Market Report for December 2010

 

Active listings: 155 homes are available for sale in Johns Creek GA priced from $164,900 to $3,500,000.

Pending sales: 19 homes are in escrow priced from $182,000 to $1,200,000.

December sales: 17 homes sold in December 2010. 

  • 15 homes were non-distressed
  •   2 homes were a foreclosure or short sale or 12% of the sold units

In December, 17 homes closed in Johns Creek Georgia. This is a increase of 16 units, as there was 1 home that closed in December of 2009.

The Average list price for the homes that closed in Johns Creek for December 2009 was $699,900.

The Average list price for the homes that closed in Johns Creek for December 2010 was $370,493.

The Average sale price for the homes that closed in Johns Creek for December 2009 was $610,000.

The Average sales price for the homes that closed in Johns Creek for December 2010 was $351,517.

The Average Market time for the homes that closed in Johns Creek for December 2009 was 50 days.

The Average Market time for the homes that closed in Johns Creek for December 2010 was 78 days.

 

2 Year History of Sold Properties In Johns Creek

Category

     2010

2009

Units Sold

   254

211

Average Sales Price

              $429,321

$400,037

Distressed Properties Sold

12 or 5% of the sold units

16 or 8% of the sold units

Average Days on Market

                    96

103

As you can see in the chart above Johns Creek has sold more properties for more money and in less time than in 2009. Johns Creek has a very low amount of distressed properties that are being sold and as a result it is allowing sellers to receive higher sales prices when compared to most other cities in Northeast Atlanta. Johns Creek is a very desirable place to live with its excellent schools.

We will start to see more of an improvement when the economy stabilizes and more jobs are created keeping the foreclosures and short sales from continuing at the current pace. 

*All information is from the FMLS and is for detached single family homes only.

 

 Search for all homes in the GAMLS or FMLS 

  

If you have any questions about selling or buying your home in Johns Creek or in the Northeast Atlanta area give Mark a call at 404-353-0185.

Almost 90% of buyers are searching online for homes so make sure your getting the proper online market exposure to ensure these buyers will not miss your listing.

See Mark's video testimonials.

 

Mark services the following Northeast Atlanta cities: Johns Creek, Alpharetta, Roswell,  Woodstock, Cumming, Suwanee, Buford, Duluth, and Lawrenceville Georgia.

About the Author: The above Real Estate information on Johns Creek GA Real Estate Market Report For December 2010 was provided by Mark Mitchell. Mark can be reached by phone at 404-353-0185 or via e-correspondence at mark@markmitchellhomes.com. Also visit www.markmitchellhomes.com

Copyright © By Mark Mitchell 2010 *Johns Creek GA Real Estate Market Report For December 2010*

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Mark Mitchell

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