HOME PRICES IN ALPHARETTA, GA FOR MARCH 2014 (Zip Code 30004)
Real Estate Market Data for Alpharetta, GA provided by Tom Esposito, Alpharetta Home Solutions
Alpharetta Home Prices
Over the past several months. home listing prices have trended higher in this area of Alpharetta. As the graph indicates, prices have moved in an upward line since the beginning of 2014. Not only have prices been on the rise, but so have the number of properties listed for sale. Active listings increased by 28.5% from the previous month. So it seems that we're seeing a dual increase resulting in a great benefit for homeowners. And it seems to be working. As prices trend higher, homeowners get excited and list their homes. As this pattern continues, home homeowners list and sell their homes. Over time, prices will come down to a more sustainable level, one where the market doesn't overheat. Hopefully, this is a trend that will continue.
Alpharetta Real Estate Report Summary
The median listing price is $556,770. The median days on market is 66, significantly lower than the national average. There are 627 active listings in zip code 30004 with only 2.7% of those being distressed properties. Thing seem to be looking up for this area as we enter the Spring buying season. More next month.
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Tom Esposito, ABR, CDPE, CIAS
Real Estate Consultant
Alpharetta Home Solutions