So, we all know Foreclosures have recently been having more of an impact on the real estate market and home values in general over the past 18 months, but what kind of impact have they been having in Area 13? (Roswell/Alpharetta west of 400). Well this graph illustrates the Year to Year comparison of the number of Foreclosure sales in Area 13 compared to the rest of FMLS.
As you can see, 2009 YTD through July the number of homes sold in a Foreclosure status accounted for 13% of all sales.* If you compare that to all of FMLS where 33.7% of all sales were Foreclosures it equates to over 2 1/2 times more foreclosure sales for all of FMLS compared to Area 13. This has obviously allowed homes in the Roswell/Alpharetta area to retain their property values better than most other areas of Atlanta.
If you would like more information on sales data in the Roswell/Alpharetta area or Dunwoody, Brookhaven or Sandy Springs, feel free to give us a call!
* Source FMLS Sales Data through July 2009
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