Duluth GA Real Estate Market Report for February 2011

By
Real Estate Agent with Virtual Properties Realty

Duluth GA Real Estate Market Report for February 2011

 

Active listings: 518 homes are available for sale in Duluth GA priced from $39,900 to $6,750,000.

Pending sales: 99 homes are in escrow priced from $45,900 to $5,635,000.

February sales: 55 homes sold in February 2011. 

  • 30 homes were non-distressed
  • 25 homes were a foreclosure or short sale or 46% of the homes sold in February

 

In February, 55 homes closed in Duluth Georgia. This is an increase of 8 units, as there were 47 homes that closed in February of 2010.

The Average list price for the homes that closed in Duluth for February 2010 was $364,584.

The Average list price for the homes that closed in Duluth for February 2011 was $323,805.

The Average sales price for the homes that closed in Duluth for February 2010 was $338,449.

The Average sales price for the homes that closed in Duluth for February 2011 was $295,282.

The Average Market time for the homes that closed in Duluth for February 2010 was 105 days.

The Average Market time for the homes that closed in Duluth for February 2011 was 93 days.

4 Year History of Sold Properties in Duluth

Category

2010

2009

2008

2007

Units Sold

715

713

821

1,089

Average Sales Price

$332,301

$304,611

$365,701

$386,001

Distressed Properties Sold

239 or 33% of the sold units

231 or 30% of the sold units

198 or 24% of the sold units

107 or 10% of the sold units

Average Days on Market

84

87

95

75

 *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 Duluth 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 Duluth 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 *Duluth GA Real Estate Market Report For February 2011*

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Mark Mitchell

Realtor, Johns Creek Georgia Homes
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