Alpharetta Real Estate Market Conditions

These statistics show very sustainable long term growth for the Alpharetta real estate market. Although real estate markets around the country shifted away from a sellers market, Alpharetta real estate remains in favor of sellers.

Home Sales - Homes sold in Alpharetta were up 452 or 18.2%.

Appreciation - The average value of a home in Alpharetta home was up 5.2% or $20,419.

Days on Market - Days on market indicates the amount of time on average that it takes for a home to go from listed to under contract. In 2006, that number was 56 days - one fewer than in 2005. This is another indication that the Alpharetta real estate market resisted the overall real estate slowdown.

List Price/Sales Price - The percentage of the original list price to the actual sales price is an excellent indication of whether or not buyers are willing to pay what sellers are asking for homes. A percentage of 97% or more is another indication of strong desirability. In Alpharetta, that number was 97.2%.

Together, this information brings the Alpharetta real estate picture into focus. Very strong growth in homes sold, sustainable appreciation and a city with an excellent long term master plan for growth bodes well for another great year for Alpharetta real estate.

Ryan Ward is a resident of Alpharetta and a Realtor who specializes in listing and selling real estate Alpharetta .Visit Ryan Ward's Alpharetta Real Estate website for more information. Click on the link below to search for homes in Alpharetta.

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