2nd Quarter 2009 Area Stats for North Atlanta including Alpharetta, Johns Creek, Milton, Roswell, Cumming

2nd Quarter 2009 Area Stats for Alpharetta, Johns Creek, Milton, Roswell, Cumming

 

Area  13       $350,000     (12% increase from 1st Q 2009)

Area 14        $315,000     (7.2% increase from 1st Q 2009 

Area 221      $310,000     (14% increase from 1st Q 2009)

Area 222      $244,000     (-.025% decrease from 1st Q 2009)

 

Area 13         12.8%   (5.6 decrease from 1st Q 2009)

Area 14         11.5%   (7.6 decrease from 1st Q 2009)

Area 221      20%       (8.6 decrease from 1st Q 2009)
Area 222      23.7%    (7.2 increase from 1st Q 2009)

 

Area 13         290    (127 increase in homes sold from 1st Q 2009)

Area 14        330     (168 increase in homes sold from 1st Q 2009)

Area 221      285     (103 increase in homes sold from 1st Q 2009)

Area 222     169      (72 increase in homes sold from 1st Q 2009)

 

 

 

Overall median sales prices have increased since first quarter 2009.  This could be due to our seasonal increase in sales during Spring/Summer.  Not sure if the increase in total sales and increase in sales price is simply inflated due to the season. 

 

Percentage of Foreclosure sales are decreasing which should help our median home prices overall.  However, Short Sales may not necessarily be counted in the Foreclosure sales which could have adverse affects on normal median home prices.

 

We hear there are increasing mortgage defaults which could turn into more foreclosure sales later this year unless home owners are able to refinance or reconform their notes. 

 

Presently, there are fewer good inventory homes on the market.  We need more good updated homes to list for sale!

 

 

 

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