Alpharetta GA Real Estate Market Report for May 2011

By
Real Estate Agent with Virtual Properties Realty

Alpharetta GA Real Estate Market Report for May 2011


Active Listings:  920 homes are available for sale in Alpharetta GA priced from $54,900 to $9,250,000.

Pending Sales:  163 homes are in escrow priced from $69,900 to $3,977,700.

May Sales:  128 homes sold in May 2011.
  • 105 homes were non-distressed
  • 23 homes were a foreclosure or short sale, or 23% of total May sales


In May, 128 homes closed in Alpharetta Georgia.  This is a decrease of 23 units, as there were 151 homes that closed in May 2010.

The average list price for the homes that closed in Alpharetta for May 2010 was $340,173.

The average list price for the homes that closed in Alpharetta for May 2011 was $379,339.

The average sales price for the homes that closed in Alpharetta for May 2010 was $323,374.

The average sales price for the homes that closed in Alpharetta for May 2011 was $359,620.

The average market time the homes that closed in Alpharetta for May 2010 was 84 days.

The average market time for the homes that closed in Alpharetta for May 2011 was 88 days.

Yearly Update through May 2011


In 2011 through May, a total of 502 homes were sold in Alpharetta with an average sales price of $354,369 and an average market time of 97 days.

In 2010 through May, a total of 536 homes were sold in Alpharetta with an average sales price of $337,871 and an average market time of 94 days.

4 Year History of Sold Properties in Alpharetta


In 2010, a total of 1,282 homes were sold in Alpharetta with an average sales price of $357,692 and an average market time of 94 days; 266 or 21% of these homes were distressed properties sold.

In 2009, a total of 1,264 homes were sold in Alpharetta with an average sales price of $384,931 and an average market time of 96 days; 276 or 20% of these homes were distressed properties sold.

In 2008, a total of 1,496 homes were sold in Alpharetta with an average sales price of $426,997 and an average market time of 84 days; 244 or 17% of these homes were distressed properties sold.

In 2007, a total of 2,196 homes were sold in Alpharetta with an average sales price of $430,276 and an average market time of 69 days;  156 or 8% of these homes were distressed properties sold.

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



Search of 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 you're 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 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* Alpharetta GA Real Estate Market Report for May 2011*
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Georgia Fulton County Alpharetta
Tags:
selling
buyers
realtor
alpharetta
real estate
ga
virtual properties
markmitchellhomes
alpharetta market report

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
65,011

Mark Mitchell

Realtor, Johns Creek Georgia Homes
Ask me a question
*
*
*
*
Spam prevention