Alpharetta GA Real Estate Market Report for February 2011

By
Real Estate Agent with Virtual Properties Realty

Alpharetta GA Real Estate Market Report for February 2011

 

Active listings: 978 homes are available for sale in Alpharetta GA priced from $59,900 to $5,600,000.

Pending sales: 161 homes are in escrow priced from $66,000 to $2,175,000.

February sales: 90 homes sold in February 2011.

  • 68 homes were non-distressed
  • 22 homes were a foreclosure or short sale, or 25% of total February sales

 

In February, 90 homes closed in Alpharetta Georgia. This is a decrease of 13 units, as there were 103 homes that closed in February of 2010.

The Average list price for the homes that closed in Alpharetta for February 2010 was $351,960.

The Average list price for the homes that closed in Alpharetta for February 2011 was $418,280.

The Average sales price for the homes that closed in Alpharetta for February 2010 was $334,552.

The Average sales price for the homes that closed in Alpharetta for February 2011 was $388,696.

The Average Market time for the homes that closed in Alpharetta for February 2010 was 87 days.

The Average Market time for the homes that closed in Alpharetta for February 2011 was 116 days.

 

4 Year History of Sold Properties in Alpharetta

Category

2010

2009

2008

2007

Units Sold

1282

1364

1496

2196

Average Sales Price

$357,692

$384,931

$426,997

$430,276

Distressed Properties Sold

266 or 21% of sold units

276 or 20% of sold units

244 or 17% of sold units

156 or 8% of sold units

Average Days on Market

94

96

84

69

 

*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 your home in Alpharetta 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, Duluth, Woodstock, Suwanee, Buford, and Lawrenceville Georgia.

About the Author: The above Real Estate information on Alpharetta GA Real Estate Market Report For February 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 visit www.markmitchellhomes.com

Copyright © By Mark Mitchell 2011 *Alpharetta GA Real Estate Market Report For February 2011*

 

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Mark Mitchell

Realtor, Johns Creek Georgia Homes
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