ATLANTA, GA - May 2009 vs. May 2008
By Janice Slaven, Suwanee Georgia Real Estate
(Berkshire Hathaway GA Prop)
Atlanta currently ranks in the top 10 nationally for foreclosures. And that statistic is glaring when you start to break down what the numbers actually represent. DETACHED SINGLE FAMILY HOMES May, 2009 3,614 DETACHED single family houses sold in the metro Atlanta area. Of these 1,620 properties were corporate owned or foreclosures - 44.8% of all DETACHED single family houses sold were distressed properties. Compare this to May, 2008 with 4,526 DETACHED single family houses selling with 1,384 properties being corporate owned or foreclosures - 30.57% of all DETACHED single family houses sold in '08 were distress properties. Foreclosure and/or corporate owned DETACHED properties sold is UP 14.5% compared to one year ago same time. ATTACHED SINGLE FAMILY HOMES May, 2009 551 ATTACHED ...
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