If It's Wednesday It Must Be Market Conditions Wednesday - Focus on Alpharetta!

If it’s Wednesday, it must be MARKET CONDITIONS WEDNESDAY.

This week the focus is on the City of ALPHARETTA.

Each Wednesday, I provide a market snap shot of current market conditions affecting specific cities in the Atlanta metro area.

Let’s take a look this week at details and ACTIVE, PENDING, SOLD statistics in ALPHARETTA.

According to the latest FMLS data and as I write this, there are currently 73,838 homes on the market in the entire Atlanta metro area. As you may recall, last week at this time there were a total of 72,831 homes on the market in the entire Atlanta metro area. So there are 1,007 more homes on the market this week than there were last Wednesday.

Likewise, as I write this, there is a total of 1,201 single family homes on the market in ALPHARETTA and a total of 404 condo/town-home properties available and actively listed in Alpharetta, GA.

Actively Listed Single Family Homes
Currently listed Alpharetta single family homes range in price from $75,000 for a "fixer-upper" home with 4 bedrooms /2.0 bathrooms which was built in 1985 to a $6.9 million gated estate home on Providence Way with 7 bedrooms / 8 full and 2 half bathrooms. The property sits on 28 acres, and features a guest house, resort pool, tennis, stables and much more.

Actively Listed Condo/Town Homes
Active Alpharetta condo/town home properties range in price from $59,900 for a spacious 2 bedroom / 2 full bathroom town home, built in 1985, available for a possible short sale located in Rivermont Village to a newly constructed property in Haynes Park with 3 bedrooms / 4 full and 1 half bathrooms priced at $589,900.

Pending Sale
Currently there are 217 single family homes pending sale in Alpharetta with prices ranging from $77,000 for a 4 bedroom/1 full and 1 half bath "fixer-upper" to a 6 bedroom / 6 full and 2 half bathroom home in Citadella for $1.7 million.

SOLD Properties (3/1/2010 to 4/28/2010)
It might interest you to know that from March 1st through April 28th there were a total of 164 homes sold in Alpharetta.

Lowest Priced Home SOLD in Alpharetta during the period was originally priced at $94,900. It sold after 16 days on the market for 105% Sold Price to Original List Price for $100,000.

Highest Priced Home SOLD in Alpharetta during the period was originally priced at $1.739 million and sold for $902,425 or 52% Sold Price/Original List Price (SP/OLP%). The property was on the market 924 days and closed on 3/31/2010.

So, as you can clearly see homes are selling in Alpharetta! Please call me with your many questions regarding the Alpharetta and Atlanta metro area real estate market in general or specifics regarding the buying / selling process. Please call me if you see a home that peaks your interest or if you are considering the possibility of selling your current home. I look forward to helping you and your family realize your real estate dreams.

In the meantime please visit me at www.GeorgiaRealEstateOnMyMind.com, e-mail me at sara.hibbard@metrobrokers.com or CALL ME ANYTIME at 770-399-8108!