I was curious about the top selling mid-range communities in Forsyth County, so I ran a search in FMLS for subdivisions in Cumming, Georgia with home sales during the 2011 calendar year, having 4+ bedrooms and selling between $200,000 and $400,000. Here’s the top 5 (with ties):
1) Windermere – 15 Sales
2) Fieldstone (all sections) – 13 Sales
3) Polo Golf & Country Club (all sections) – 11 Sales
3) Thorngate – 11 Sales
4) Evans Farm – 10 Sales
5) Green Summers – 9 Sales
5) Jamestown – 9 Sales
Each of these communities had foreclosures and short sales as part of the volume.
Posted in Business, Forsyth County, Real Estate
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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.