Duluth GA Real Estate Market Report for May 2011
Active Listings: 376 homes are available for sale in Duluth GA priced from $15,300 to $6,750,000
Pending Sales: 110 homes are in escrow priced from $28,000 to $5,635,000.
May Sales: 58 homes sold in May 2011.
- 29 homes were non-distressed
- 29 homes were a foreclosure or short sale, or 50% of total May sales
In May, 58 homes closed in Duluth Georgia. This is a decrease of 4 units, as there were 62 homes that closed in May 2010.
The average list price for the homes that closed in Duluth for May 2010 was $328,287.
The average list price for the homes that closed in Duluth for May 2011 was $219,575.
The average sales price for the homes that closed in Duluth for May 2010 was $299,759.
The average sales price for the homes that closed in Duluth for May 2011 was $215,857.
The average market time the homes that closed in Duluth for May 2010 was 91 days.
The average market time for the homes that closed in Duluth for May 2011 was 77 days.
Yearly Update through May 2011
In 2011 through May, a total of 267 homes were sold in Duluth with an average sales price of $238,940 and an average market time of 93 days.
In 2010 through May, a total of 225 homes were sold in Duluth with an average sales price of $293,573 and an average market time of 92 days.
4 Year History of Sold Properties in Duluth
In 2010, a total of 715 homes were sold in Duluth with an average sales price of $332,301 and an average market time of 84 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 May 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 May 2011*
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