South Forsyth Georgia Cumming homes and real estate market report December 2007 FMLS AREA 221 East of GA 400. Cumming homes sold. The new statistics have just been released for the South Forsyth Cumming homes sales this week. To skip the MLS jargon of the report... I broke down the numbers to just Alpharetta listed as the city as opposed to MLS areas that are harder to understand. For the Month of November 2007 there were only 94 Single Family Home Sales. This is very substantial drop in sales activity. It must also be tempered with the reality of all time highs in inventory of other homes for sale in South Forsyth Georgia Cumming homes.
South Forsyth Georgia Cumming Homes November 2007 Comparison
- November 2007 94 Sales Single Family Homes Average Sales price $ 358,369 Day to Sell 103
- November 2006 104 Sales Single Family Homes Average Sales price $ 375,703 Days to Sell 72
- November 2005 167 Sales Single Family Homes Average Sales price $ 354,021 Days to Sell 78
Active - 1441 Properties Found
This trend shows deterioration in our market of sales, increased marketing time, 15.32 months of inventory and what you cannot see is the sellers contributions towards closing costs, and repeat time on market.
South Forsyth Georgia Cumming Condos / Town Home Sales November 2007 Comparison
- November 2007 Sold - 8 Sales Condo / Town Homes Average Sales price $ 316,528 Days to Sell 61
- November 2006 Sold - 10 Sales Condo / Town Homes Average Sales price $ 271,414 Days to Sell 81
- November 2005 Sold - 10 Sales Condo / Town Homes Average Sales price $ 273,708 Days to Sell 122
Active - 170 Properties Found. This translates to a 21.25 months of inventory.
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Now the market is becomming clearer. Fewer sales mean more homes sitting and at risk.
Of course, fewer commissions. Less business to go around.
Homefinders, Real Estate in MD & VA, Lenn Harley, Broker, New & Resale Homes Thanks Lenn! As soon as we get slightly outside the main traffic areas, the inventory starts to balloon. It clarifies and gives new meaning to the term "Location, Location, Location!" It was great speaking with you today. I really respect your opinions, and appreciate your insights on the markets and the Internet! You are the best!
God Bless and I wish you great health, wealth and peace in the coming New Year!
