Market Update - 2008 in Review
Alpharetta, Johns Creek, Milton, Roswell Area Sales:
|
Year |
# Homes Sold |
Average Sale Price |
Average Sell to List Price |
Average Days on Market |
|
|
|
|
|
|
|
2007 |
3362 |
$424,409 |
96.5% |
69 |
|
2008 |
2360 |
$422,290 |
94.4% |
83 |
|
Variance |
30% Decline |
.005% Decline |
2.1% Decline |
20% Increase |
Cumming Area Sales:
|
Year |
# Homes Sold |
Average Sale Price |
Average Sell to List Price |
Average Days on Market |
|
|
|
|
|
|
|
2007 |
3338 |
$335,203 |
96.5% |
97 |
|
2008 |
2330 |
$324,772 |
94.4% |
97 |
|
Variance |
30% Decline |
3% Decline |
2.1% Decline |
Same |
Summary:
· Alpharetta and Cumming stats are surprisingly similar in home sale declines, both in number and average sell to list price ratio
· Both show moderate declines in avg sale price although we know the median sales price has decreased by about 5% in this area. Much of this is due to credit markets tightening and larger/jumbo loans being harder to get, thus more people buying homes $500k and less.
Ready to Move?
Have Questions? Know Someone Ready to Move?
Call Us Today!
Welcome Home
The Sherry & Maria Team
Realty Executives of Atlanta
Sherry 678-283-1710
Maria 678-548-5513
www.SherryandMaria.com
www.SherryandMariaTeam.com - NEW!
Fresh Ideas...Fast Results
Source of information - FMLS data.
Each Realty Executives office is independently owned and operated.
Comments(0)