Home Prices In Alpharetta GA for November 2012
Real Estate Market Data for Alpharetta, GA provided by Tom Esposito of Coldwell Banker
Alpharetta Home Prices
Over the past several months, the listing prices have started slowly and incrementally moving upwards. That portends well for homeowners after years of declining markets. We don't want to see listing prices rapidly jump to high levels and not be able to sustain that trend. Slower, steady growth is a better avenue to follow. Sales are trending upwards at a steeper pace. This is due in large part to the shortage of inventory resulting in multiple offer situations and a bidding situation. While we are all pleased to see higher sales prices, again we should guard against any unsustainable steep price appreciation. With each incremental rise in home prices, thousands of local homeowners rejoice at the improved home values and the declining numbers of underwater homes. We'll revisit the prices again next month.
The median list price in November for single family homes in Alpharetta is $414,900. The list prices dropped by -0.97% from the previous month.
The price per square foot for listings in this area is $140.
The median sale price in July for single family homes is $330,000. The sale prices increased by 4.59% from the previous month.
Find Homes for Sale in Alpharetta GA
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To find out what your home is worth in the current market, email me or call at 770-354-0616.
Real Estate Consultant
Coldwell Banker Residential Brokerage