Alpharetta Real Estate Market Report 3rd Quarter 2009 - Atlanta Real Estate Market Report 3rd Quarter 2009 - Johns Creek Real Estate Market - Milton Real Estate Market

Here's information analyzing the 3rd Quarter for Alpharetta Real Estate and the surrounding North Atlanta Real Estate market. Our team sets aside time to analyze the market in order to be able to educate our clients on how to realistically list their home to sell or - as a buyer - what they should expect to pay for a home given the current market conditions.

3^rd Quarter Area Stats for Alpharetta, Johns Creek, Milton, Roswell, Cumming

Median Sales Price by Area

Area 13 $325,000 (7.6% decrease from 2^nd Q 2009)

Area 14 $321,500 (2% increase from 2^nd Q 2009)

Area 221 $301,750 (2.7% decrease from 2^nd Q 2009)

Area 222 $237,250 (2.85% decrease from 2^nd Q 2009)

Foreclosure % of Sales

Area 13 9% (3.8 decrease from 2^nd Q 2009)

Area 14 9.6% (1.9 decrease from 2^nd Q 2009)

Area 221 19.10% (0.9 decrease from 2^nd Q 2009)

Area 222 17.60% (6.1 decrease from 2^nd Q 2009)

# Homes Sold

Area 13 299 (9 increase in sold homes from 2^nd Q 2009)

Area 14 375 (45 increase in sold homes from 2^nd Q 2009)

Area 221 299 (14 increase in sold homes from 2^nd Q 2009)

Area 222 176 (7 increase in sold homes from 2^nd Q 2009)

Overall median sales prices decreased in some areas; however, increased slightly in others. Areas that saw a decrease most likely experienced this due to a direct reflection of short sale transactions. Presently, short sales are not documented as foreclosures so even though foreclosure sales are decreasing, we still have a number of short sales continuing to hit the market which may continue to have a negative impact on median sales prices.

Total homes sold increased during our third quarter which may have been a reflection of the first time home buyer tax credit deadline. Since the tax credit deadline has been extended, we expect our total homes sales to continue to increase for 2010.

**AREA 13: FULTON NORTH - West of Ga. 400 and North of Chattahoochee River to County lines (Alpharetta Real Estate, Roswell Real Estate and Milton Real Estate).

**AREA 14: FULTON NORTH - East of Ga. 400 and North of Chattahoochee River to County lines (Alpharetta Real Estate, Johns Creek Real Estate, Roswell Real Estate, Duluth (Fulton County) Real Estate, Suwanee (Fulton County) Real Estate).

**AREA 221: FORSYTH COUNTY - East of Ga. 400 (Alpharetta (Forsyth County) Real Estate, Cumming Real Estate, Suwanee (Forsyth County) Real Estate, Gainesville (Forsyth County) Real Estate).

**AREA 222: FORSYTH COUNTY - West of Ga. 400, South of Hwy. 20, including City limits of Cumming (Alpharetta (Forsyth County) Real Estate, Cumming Real Estate.

For additional information about the Alpharetta Real Estate market, Cumming Real Estate market, Johns Creek Real Estate market, Milton Real Estate market, Roswell Real Estate or Suwanee Real Estate market - contact the Sherry & Maria Team today!

The Sherry & Maria Team
Keller Williams Realty
Sherry: 678.283.1710
Maria: 678.548.5513
www.sherryandmaria.com
www.sherryandmariateam.com

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Information gathered from Chartmaster Service, LLC.