I was curious how foreclosures sales have compared to ordinary re-sales over the past year in Forsyth County. I’m not sure what possessed me to pull these other numbers, most of which are only interesting but not actionable, but here they are.
There were 2600 homes sold in Forsyth County in 2011. Throw into the mix [...]
Continue reading about Interesting Market Stats for Forsyth County Home Sales
32%
The percentage of November home sales in Forsyth County that are distressed sales (foreclosures and short sales). With lags coming in over the next week, this number will probably increase another 2-4%.
On the last day of each month I post a “Big Number” or interesting figure related to real estate in our area.
And the high-end foreclosure listings are the properties to go the fastest.
Foreclosures have been the bane of every home seller for the past couple of years and it’s no surprise that it will continue to be the case moving forward for some time. However, with the rate at which foreclosures are disappearing and the fact [...]
Continue reading about Forsyth Foreclosures Continue to Sell Quickly
While the housing market in Forsyth County has suffered like everywhere else, it has fared better than most of metro Atlanta. But new construction was a large part of development during the boom years in Forsyth. So it’s no surprise that there are still a fair amount of distressed new construction homes for sale in [...]
Continue reading about Bank Owned New Construction Still Abundant in Forsyth
10%
The percentage of distressed properties still listed for sale in Forsyth County that are identified as “New Construction”. Definition: distressed included Bank Owned, Government Owned, Potential Short Sale and Short Sale Approved properties.
On the last day of each month I post a “Big Number” or interesting figure related to real estate in our area.
These five homes for sale in Forsyth County represent some of the best deals on the market right now, based on what you can get for the asking price.
#5 - 4630 Plainsman Cir., Cumming Ga. - $220,000
Built in 2006, this home has 5 bedrooms and 4 baths with a full unfinished daylight basement and a [...]
Continue reading about Five Great Deals in Forsyth County Under $300k
Fannie Mae and Freddie Mac are freezing all foreclosures between December 20th and January 3rd.
The number of loans that are 30, 60 and 90-days late have all decreased over the past quarter. However, the freeze won’t make a big difference in the already slowing number of foreclosures hitting the market.
As reported by CNN Money:
“If the property is [...]
Continue reading about Merry Christmas, We’ve Postponed Your Eviction
As I’m sure you have heard, Bank of America recently announced that it is halting foreclosures in all 50 states in order to review the accuracy of its documentation. This is on the heals of several other banks doing the same. Recently I’ve had more people ask “What does it mean for us?” so I’ve [...]
Continue reading about The Foreclosure Moratorium: What Does It Mean For Georgia?
3
The number of months worth of inventory available in Forsyth County for Bank Owned properties. 137 are currently available, 531 have sold over the past 12 months. Clearly a sellers market if you are looking for foreclosures.
On the last day of each month I post a “Big Number” or interesting figure related to real estate in [...]
18
The total number of distressed homes available right now on Lake Lanier, with a boat dock. Out of 422 total listings, that is only 4.3%.
On the last day of each month I post a “Big Number” or interesting figure related to real estate in our area.
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