Foreclosures in Forsyth County, Georgia

I’ve been watching the real estate market in Cumming, Forsyth County, Georgia every month for quite a few years now.  One statistic that still shocks me each month is the percentage of properties sold as “distressed” which means either through a bank-approved short sale or foreclosure.  Once again, roughly half of all sales in January 2011 met that criteria.

A deeper look into the numbers show that about 19% of homes sold were by equity sellers (private owners who sold properties with equity), 17% were new homes.

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