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Real Estate information in S. Forsyth and Johns Creek.

St. Ives Country Club

in 2011 there were 22 transactions in St. Ives Country Club. Average year homes were built 1995. Among the homes sold in 2011, the median home price is $540,000 and the average is $616,486.36. On average homes were bought 10% less than the listing price.

Sugarloaf Country Club

in 2011 there were 47 transactions in Sugarloaf Country Club. Average year homes were built 2002. Among the homes sold in 2011, the median home price is $800,000 and the average is $855,973. On average homes were bought 10% less than the listing price.

Laurel Springs

in 2011 there were 29 transactions in Laurel Springs. Average year homes were built 1999. Among the homes sold in 2011, the median home price is $815,000 and the average is $926,772. On average homes were bought 8% less than the listing price.

St Marlo Country Club

in 2011 there were 49 transactions in St Marlo Country Club. Average year homes were built 2002. Among the homes sold in 2011, the median home price is $650,000 and the average is $682,129. On average homes were bought 5.7% less than the listing price.

The River Club

in 2011 there were 9 transactions in The River Club. Average year homes were built 2006. Among the homes sold in 2011, the median home price is $1,164,000 and the average is $1,141,111. On average homes were bought 10.1% less than the listing price.

Country Club of the South

in 2011 there were 29 transactions in The River Club. Average year homes were built 1993. Among the homes sold in 2011, the median home price is $1,164,000 and the average is $1,141,111. On average homes were bought 10.1% less than the listing price.

I am calling bottom and a housing recovery going into 2012 in S. Forysth, JC, Alpharetta, and Suwanee. Rental market is tight, however we are now seeing inventory levels hovering at 6 months supply whereas it almost a 1 year supply last year. Both Laurel Springs and St Marlo’s inventory is down to almost 6 months supply which is a very good sign as buyers are not starting to balance out the suppy.

Some quick stats:

2011 – Homes in Lambert HS cluster
Homes on the market – 194
Homes sold in 2011 – 369
6.3 months inventory

2011 – Homes in Northview HS cluster
Homes on the market – 88
Homes sold in 2011 – 171
6.17 months inventory

2011 – Homes in Peachtree Ridge HS cluster
Homes on the market – 251
Homes sold in 2011 – 517
4.85 months inventory

These are good numbers and seeing other threads regarding unemployment decreasing and Georiga facing the 4th fastest population growth next to California, Texas, and Florida, I remain extremely optimistic for the housing market in the northside of Atlanta.