New Monthly Feature
Forsyth County, North
Fulton and West Gwinnett Real Estate Report
Single family homes in Forsyth County saw the annual average sale price drop 3% from $323,864 in November 2006 to $313,431, in November 2007, which does not mirror the rest of the metro Atlanta area, which increased by 3% from November 2006 to November 2007. Average home values in North Fulton dropped from $426,376 in November 2006 to $416,446 in November 2007 a 2% decrease, while West Gwinnett saw a dramatic drop of the annual average home value, decreasing 11% from $322,888 in November 2006 to $288,041 in November 2007.
Actual home sales in Forsyth County dropped 19% compared to November 2006, which is 14% better than the metro Atlanta real estate sales. North Fulton home sales dropped 23% while West Gwinnett home sales dropped 26% over the same time last year.
In Forsyth County new home inventory dropped from last month of 9.6 months of new home inventory to this month of 9 months of new home inventory. The average selling time also reduced from of 144 days to 132 days. Resale home inventory in Forsyth County remained the same at 9.6 months of resale home inventory. The average selling time came down slightly from 70.4 days last month compared to 69.6 days this month. North Fulton new home inventory increased from 19.9 months of new home inventory last month to 20.5 months of new home inventory this month, with an average selling time changing from 156 days to 181 days. Resale homes inventory in North Fulton remained the same at 7.05 months of resale home inventory. Resale home average selling time dropped to 60 days.
The doom and gloom data for residential real estate and the negative media real estate hype just does not match the real estate market conditions in Forsyth County, North Fulton and West Gwinnett. If you would like to receive and in-depth analysis of the Forsyth County, North Fulton and West Gwinnett real estate market, including an analysis by price range (the numbers vary significantly based on price range) call our pre-recorded toll free order hotline at 877-411-9264 ID # 1625 or you can order it only line at www.ATLMLSdata.com.
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Sales Statistics for Forsyth County GA |
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Area |
Forsyth November 2007 |
Sales |
Change |
Ave Sale Price |
Change |
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221 |
East GA - 400 |
92 |
99% |
$ 360,436 |
95% |
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222 |
West GA - 400 |
46 |
73% |
$ 296,333 |
108% |
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223 |
North |
23 |
52% |
$ 283,525 |
90% |
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|
161 |
81% |
$ 940,294 |
97% |
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Average |
53.7 |
81% |
$ 313,431 |
97% |
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Area |
Forsyth November 2006 |
Sales |
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Ave Sale Price |
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221 |
East GA - 400 |
93 |
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$ 380,274 |
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222 |
West GA - 400 |
63 |
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$ 275,275 |
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223 |
North |
44 |
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$ 316,043 |
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|
200 |
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$ 971,592 |
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Average |
66.7 |
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$ 323,864 |
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Months of Unsold Inventory Forsyth |
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Area |
Forsyth November 2007 |
Sales |
Units |
Mths of Inventory |
DOM |
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221 |
East GA - 400 |
92 |
1038 |
9.9 |
140.0 |
|
222 |
West GA - 400 |
46 |
374 |
7.7 |
186.7 |
|
223 |
North |
23 |
304 |
11.2 |
188.2 |
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161 |
1716 |
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Average |
53.7 |
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9.6 |
171.6 |
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DOM = Days on market |
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Sales Statistics for North Fulton GA |
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Area |
North Fulton November 2007 |
Sales |
Change |
Ave Sale Price |
Change |
|
13 |
West GA - 400 |
68 |
61% |
$ 442,987 |
103% |
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14 |
East GA - 400 |
110 |
81% |
$ 389,904 |
93% |
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|
178 |
72% |
$ 832,891 |
98% |
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Average |
35.6 |
72% |
$ 416,446 |
98% |
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Area |
North Fulton November 2006 |
Sales |
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Ave Sale Price |
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13 |
West GA - 400 |
111 |
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$ 431,518 |
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14 |
East GA - 400 |
136 |
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$ 421,234 |
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|
247 |
|
$ 852,752 |
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Average |
49.4 |
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$ 426,376 |
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Months of Unsold Inventory North Fulton |
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Area |
North Fulton November 2007 |
Sales |
Units |
Mths of Inventory |
DOM |
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13 |
West GA - 400 |
68 |
801 |
7.3 |
138.3 |
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14 |
East GA - 400 |
110 |
1042 |
6.8 |
130.3 |
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178 |
1843 |
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Average |
89 |
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7.1 |
134.3 |
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DOM = Days on market |
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Sales Statistics for West Gwinnett GA |
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Area |
West Gwinnett Nov 2007 |
Sales |
Change |
Ave Sale Price |
Change |
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62 |
Duluth & Suwanee |
136 |
74% |
$ 288,041 |
89% |
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Area |
West Gwinnett Nov 2006 |
Sales |
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Ave Sale Price |
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62 |
Duluth & Suwanee |
185 |
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$ 322,888 |
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Months of Unsold Inventory West Gwinnett |
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Area |
West Gwinnett Nov 2007 |
Sales |
Units |
Mths of Inventory |
DOM |
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62 |
Duluth & Suwanee |
136 |
1476 |
9.6 |
114.2 |
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DOM = Days on market |
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November 2007 - Forsyth |
Total |
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New Homes Sold - 12 months |
1214 |
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New Current Inventory |
927 |
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New Months of Inventory |
9.0 |
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New Days on Market |
132 |
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Resale Homes Sold - 12 months |
2160 |
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Resale Current Inventory |
1767 |
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Resale Months of Inventory |
9.6 |
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Resale Days on Market |
69.6 |
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November 2007 - North Fulton |
Total |
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New Homes Sold - 12 months |
271 |
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New Current Inventory |
477 |
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New Months of Inventory |
20.55 |
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New Days on Market |
181 |
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Resale Homes Sold - 12 months |
3171 |
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Resale Current Inventory |
1843 |
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Resale Months of Inventory |
7.05 |
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Resale Days on Market |
60 |
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November 2007 - West Gwinnett |
Total |
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New Homes Sold - 12 months |
720 |
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New Current Inventory |
608 |
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New Months of Inventory |
10.1 |
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New Days on Market |
157 |
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Resale Homes Sold - 12 months |
1839 |
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Resale Current Inventory |
1476 |
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Resale Months of Inventory |
9.6 |
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Resale Days on Market |
67 |
Alpha Team Realty is centrally located in Forsyth County, just north of the Fulton County line east of GA-400 in Alpharetta. We strategically established our office at this location so we can effectively serve our primary real estate market and clients in North Fulton, Forsyth County and West Gwinnett.
To clearly demonstrate our expertise in this area, last month we published a reprinted newspaper article with “independently verified numbers” that compared our sales performance to the top 6 selling real estate agents (by number of sales) in Forsyth County, North Fulton and West Gwinnett over a 12-month time frame covering Forsyth County, North Fulton and West Gwinnett. The information showed;
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Average Selling Price |
Average Sale to Listing Price |
Average Days on the Market |
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David Gibbard |
$309,663* |
99.51%* |
34.5 Days* |
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Top 6 Agents (average) |
$282,079 |
96.54% |
77.9 Days |
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Difference |
$27,584 |
2.97% |
43.4 Days |
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Well Know TV & Radio Ad Agent (I am applying for a job to be your realtor) |
$264,373 |
99.19% |
106.6 Days |
* Not one of the top 6 agents out performed David Gibbard’s sales results in any category.
If you would like to receive a free copy of this “independently verified” sales performance report please call our toll free pre-recorded information order line at 877-411-9264 ID # 1605 or you can order it online at www.ATLAgentResults.com.