Duluth GA Real Estate Market Report for December 2011

By
Real Estate Agent with Virtual Properties Realty

Duluth GA Real Estate Market Report for December 2011


Active Listings:  354 homes are available for sale in Duluth GA priced from $39,900 to $6,750,000

Pending Sales:  95 homes are in escrow priced from $34,650 to $4,695,000.

December Sales:  54 homes sold in December 2011.Market Report by Mark Mitchell
  • 31 homes were non-distressed
  • 23 homes were a foreclosure or short sale, or 43% of total December sales


In December, 54 homes closed in Duluth Georgia.  This is a decrease of 15 units, as there were 69 homes that closed in December 2010.

The average list price for the homes that closed in Duluth for December 2010 was $256,381.

The average list price for the homes that closed in Duluth for December 2011 was $218,563.

The average sales price for the homes that closed in Duluth for December 2010 was $244,402.

The average sales price for the homes that closed in Duluth for December 2011 was $203,760.

The average market time the homes that closed in Duluth for December 2010 was 71 days.

The average market time for the homes that closed in Duluth for December 2011 was 82 days.

Yearly Update through December 2011


In 2011 through December, a total of 762 homes were sold in Duluth with an average sales price of $232,116 and an average market time of 83 days.

In 2010 through December, a total of 667 homes were sold in Duluth with an average sales price of $299,561 and an average market time of 84 days.


5 Year History of Sold Properties in Duluth


Category

2011

2010

2009

2008

2007

Units Sold

762

667

669

759

1035

Average Sales Price

232,116

299,561

284,162

335,191

$362,513

Distressed Properties

344 or 45% of sold units

231 or 35%

of sold units

222 or 33% of sold units

178 or 23% of sold units

97 or 9% of sold units

Days on Market

83

84

86

95

74




*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 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 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 Duluth GA Real Estate Market Report for December 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 visitwww.markmitchellhomes.com

Copyright by Mark Mitchell 2011* Duluth GA Real Estate Market Report for December 2011*
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Georgia Gwinnett County
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Rainmaker
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Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

Hey Mark,

Thanks for another great report!  Wow - the distressed sales are really up in Duluth from 2010 to 2011.  And the buyers took advantage of the deals as evidenced by the increase in units sold.  Best of success to you sir this year!

Feb 09, 2012 05:17 PM #1
Rainmaker
65,011
Mark Mitchell
Virtual Properties Realty - Johns Creek, GA
Realtor, Johns Creek Georgia Homes

Gwinnett County is still struggling as the distressed sales are putting pressure on sales price.

Feb 10, 2012 07:10 AM #2
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

It looks like you had a great year, Mark. This is one inspiring report. Thanks for sharing. Wishing you a produtive & prosperous 2012. 

Feb 11, 2012 12:42 PM #3
Rainmaker
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Mark Mitchell
Virtual Properties Realty - Johns Creek, GA
Realtor, Johns Creek Georgia Homes

Looking forward to 2012 and I wish the best for the both of you!

Feb 15, 2012 04:54 AM #4
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Rainmaker
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Mark Mitchell

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