Statistics for single family detached homes in the North Fulton County real estate market for the month of October 2008 are in. North Fulton County is divided into two different areas and we will examine each area and then look at North Fulton County as a whole.
Area 13
Area 13 is the section of the county that is West of Ga. 400 and North of Chattahoochee River to the County lines and includes addresses from Alpharetta and Roswell. In the resale segment of the market there were 39 properties ranging in price from $126,000 to $1,950,000 that went under contract and 11 properties that closed ranging in price from $203,000 to $725,000. In the new construction segment of the market 6 properties went under contract ranging in price from $225,000 to $1,398,000 and 2 properties closed ranging in price from $910,500 to $3,250,000.
Area 14
Area 14 is the section of the county that is East of Ga. 400 and North of Chattahoochee River to the County lines and includes addresses from Alpharetta, Duluth, Johns Creek and Roswell. In the resale segment of the market there were 33 properties ranging in price from $157,757 to $2,900,000 that went under contract and 9 properties that closed ranging in price from $180,000 to $744,500. In the new construction segment of the market 7 properties went under contract ranging in price from $299,280 to $1,288,000 and there were no properties in Area 14 that closed in this category.
North Fulton County Summary
For the month of October 2008, real estate sales for single family detached homes in North Fulton County looked like this:
• 72 Resale Properties Went Under Contract
• 20 Resale Properties Closed
• 13 New Construction Properties Went Under Contract
• 2 New Construction properties Closed
I think we will all agree that with the number of properties that went under contract in the month of October we can expect the number of closings in the next few months to increase substantially. Actually this situation is prevalent throughout much out the of the Atlanta Real Estate market.
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You know everyone is hurting a bit in the current real estate market; however, those lucky enough to own in areas such as Atlanta are lucky. The property value is four times that of the value her in Knoxville. You could literally cash out of your 400k home in the Atlanta area and buy one exactly like it in Knoxville for 100k.
Hi Atlanta Envy and thanks for dropping by. Can you provide some documentation to substantiate your claim about property values in Knoxville?