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Home Sales Down in Alpharetta Area
By Ryan Ward | October 17, 2006
According to data gathered from the First Multiple Listing Service, single family home sales in the Alpharetta area are down 14% during the time period from 1/1/06 to 10/17/06 compared with the same time period in 2005. Here is a more detailed breakdown of how the sales compare:
Price Point ‘05 ‘06 % Change
$0 - $200,00 526 380 -28%
$200,001-$300,000 1062 893 -16%
$300,001-$400,000 764 625 -18%
$400,001-$500,000 489 422 -14%
$500,001-$600,000 275 269 - 1%
$600,001-$700,000 180 194 + 8%
$700,001-$800,000 94 109 +16%
$900,000-$1,000,000 42 50 +19%
$1,000,001-$1,500,000 72 58 -19%
$1,500,001-$2,000,000 16 20 +25%
Over $2,000,000 5 12 +140%
Total 3587 3086 -14%
One can clearly see from this data that there is a definate slowdown in the Alpharetta Real Estate market. Interestingly, home sales above $500,000 increased in 2006 compared with 2005 by 2.6% from 746 to 766 homes sold. This is due in large part to the fact that most new construction homes in the Alpharetta area are above the $500,000 price point.
Topics: Alpharetta Real Estate |
