North Georgia Mountain Residential Market Report January 2011

8/8/2019 North Georgia Mountain Residential Market Report January 2011

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01/03/2011Clarus MarketMetrics

Information not guaranteed. 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

Chad LariscyBlairsville Realty

Market Dynamics

1 of 21


2/21

Dec-10

153,000

Dec-09

178,500

%

-14%

Change

-25,500

Dec-09 vs. Dec-10: The median sold price is down 14%Median Sold Price by Month

Blairsville Realty

Dec-09 vs. Dec-10

Chad Lariscy

Clarus MarketMetrics 1 of 2 01/03/2011


AllBathrooms:MLS: AllAll

Sq Ft:

Fannin, Gilmer, Towns, Union

Residential: (Single Family Residential Detached)

Period: All All

Property Types:

Counties:

All

Construction Type:Price: Lot Size:Bedrooms:1 year (monthly)NEGMLS

2 of 21


3/21

Median Sold Price by MonthDec-09 vs. Dec-10: The median sold price is down 14%

Blairsville RealtyChad Lariscy

Time Period Median Price # Units Average DOM

Dec-10 153,000 117 170

Nov-10 155,000 118 178

Oct-10 151,000 140 173

Sep-10 143,000 108 175

Aug-10 158,800 113 140

Jul-10 145,000 105 170

Jun-10 148,500 98 138

May-10 156,000 107 122Apr-10 159,500 100 156

Mar-10 157,000 96 157

Feb-10 159,250 74 143

Jan-10 160,500 78 158

Dec-09 178,500 118 174



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4/21

Dec-09 vs. Dec-10: The median price of for sale properties is down 7% and the median price of sold properties is down 14%

Blairsville Realty

Dec-09 vs. Dec-10

225,000 -7%

Chad Lariscy

209,700

Dec-10

Median For Sale vs. Median Sold

ChangeDec-09 %

-15,300

Dec-09 Dec-10 %

178,500 -14%

Dec-09 vs. Dec-10

153,000

Change

-25,500




Sq Ft:



Period: All All

Property Types:

Counties:

All


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5/21

Median For Sale vs. Median SoldDec-09 vs. Dec-10: The median price of for sale properties is down 7% and the median price of sold properties is down 14%


Time Period For SaleMedian SoldMedianFor Sale # Properties # PropertiesSold Price

Difference

Dec-10 2,552 117209,700 153,000 -56,700

Nov-10 2,807 118209,000 155,000 -54,000

Oct-10 3,034 140207,000 151,000 -56,000

Sep-10 3,086 108207,975 143,000 -64,975

Aug-10 3,159 113200,000 158,800 -41,200

Jul-10 3,188 105207,975 145,000 -62,975

Jun-10 3,133 98209,900 148,500 -61,400

May-10 3,049 107215,000 156,000 -59,000

Apr-10 3,011 100219,000 159,500 -59,500

Mar-10 2,977 96215,000 157,000 -58,000

Feb-10 2,849 74219,000 159,250 -59,750

Jan-10 2,985 78219,900 160,500 -59,400

Dec-09 3,035 118225,000 178,500 -46,500

Clarus MarketMetricsInformation not guaranteed. 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

2 of 2 01/03/2011

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6/21

Dec-10

117

Dec-09

118

%

-1%

Change

-1

Dec-09 vs. Dec-10: The number of Sold properties is down 1%Sold Properties by Month

Blairsville Realty

Dec-09 vs. Dec-10

Chad Lariscy




Sq Ft:



Period: All All

Property Types:

Counties:

All


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7/21

Sold Properties by MonthDec-09 vs. Dec-10: The number of Sold properties is down 1%


Time Period # Properties Median Price Average DOM

Dec-10 153,000117 170

Nov-10 155,000118 178

Oct-10 151,000140 173

Sep-10 143,000108 175

Aug-10 158,800113 140

Jul-10 145,000105 170

Jun-10 148,50098 138

May-10 156,000107 122Apr-10 159,500100 156

Mar-10 157,00096 157

Feb-10 159,25074 143

Jan-10 160,50078 158

Dec-09 178,500118 174

Clarus MarketMetrics 2 of 2 01/03/2011Information not guaranteed. 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

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8/21

Dec-10

111

Dec-09

94

%

+18%

Change

17

Dec-09 vs. Dec-10: The number of Under Contract properties is up 18%Under Contract Properties by Month

Blairsville Realty

Dec-09 vs. Dec-10

Chad Lariscy




Sq Ft:



Period: All All

Property Types:

Counties:

All


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9/21

Under Contract Properties by MonthDec-09 vs. Dec-10: The number of Under Contract properties is up 18%


Time Period # Properties Median Price Average DOMDec-10 166,000111 144

Nov-10 165,400120 164

Oct-10 159,900145 190

Sep-10 161,950142 172

Aug-10 159,900131 173

Jul-10 175,000115 147

Jun-10 169,00095 170

May-10 149,90096 114Apr-10 174,950120 151

Mar-10 165,000105 130

Feb-10 184,90079 159

Jan-10 177,00072 154

Dec-09 179,90094 169


9 of 21


10/21

Dec-10

160

Dec-09

223

%

-28%

Change

-63

Dec-09 vs. Dec-10: The number of New properties is down 28%New Properties by Month

Blairsville Realty

Dec-09 vs. Dec-10

Chad Lariscy




Sq Ft:



Period: All All

Property Types:

Counties:

All


10 of 21


11/21

New Properties by MonthDec-09 vs. Dec-10: The number of New properties is down 28%


Time Period # Properties Median PriceDec-10 186,500160

Nov-10 189,900219

Oct-10 189,000283

Sep-10 194,700318

Aug-10 199,450332

Jul-10 194,900365

Jun-10 189,900390

May-10 199,000384Apr-10 219,900390

Mar-10 198,700400

Feb-10 199,900299

Jan-10 199,900315

Dec-09 199,900223


11 of 21


12/21

Dec-10

2,552

Dec-09

3,035

%

-16%

Change

-483

Dec-09 vs. Dec-10: The number of For Sale properties is down 16%For Sale Properties by Month

Blairsville Realty

Dec-09 vs. Dec-10

Chad Lariscy




Sq Ft:



Period: All All

Property Types:

Counties:

All


12 of 21


13/21

For Sale Properties by MonthDec-09 vs. Dec-10: The number of For Sale properties is down 16%


Time Period # Properties Median Price Average DOMDec-10 209,7002,552 243

Nov-10 209,0002,807 256

Oct-10 207,0003,034 271

Sep-10 207,9753,086 284

Aug-10 200,0003,159 297

Jul-10 207,9753,188 309

Jun-10 209,9003,133 322

May-10 215,0003,049 334Apr-10 219,0003,011 343

Mar-10 215,0002,977 353

Feb-10 219,0002,849 367

Jan-10 219,9002,985 372

Dec-09 225,0003,035 376


13 of 21


14/21

Dec-10

443

Dec-09

271

%

+63%

Change

172

Dec-09 vs. Dec-10: The number of Expired properties is up 63%Expired Properties by Month

Blairsville Realty

Dec-09 vs. Dec-10

Chad Lariscy




Sq Ft:



Period: All All

Property Types:

Counties:

All


14 of 21


15/21

Expired Properties by MonthDec-09 vs. Dec-10: The number of Expired properties is up 63%


Time Period Median Price# Properties Average DOMDec-10 225,000443 299

Nov-10 225,000295 279

Oct-10 220,000301 281

Sep-10 210,000193 264

Aug-10 219,000260 261

Jul-10 227,000246 282

Jun-10 239,000215 282

May-10 225,000210 253Apr-10 229,900226 261

Mar-10 235,000251 283

Feb-10 239,000193 276

Jan-10 246,000363 299

Dec-09 250,000271 274


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16/21

Dec-09 vs. Dec-10: The number of for sale properties is down 16% and the number of sold properties is down 1%

Blairsville Realty

Dec-09 vs. Dec-10

3,035 -16%

Chad Lariscy

2,552

Dec-10

Supply & Demand by Month

ChangeDec-09 %

-483

Dec-09 Dec-10 %

118 -1%

Dec-09 vs. Dec-10

117

Change

-1



Sq Ft:



Period: All All

Property Types:

Counties:

All


16 of 21

Ch d L i Bl i ill R lt


17/21

Supply & Demand by MonthDec-09 vs. Dec-10: The number of for sale properties is down 16% and the number of sold properties is down 1%

Chad Lariscy Blairsville Realty

Time Period For SaleFor Sale SoldSold# Properties Average DOM Average DOM# Properties

Dec-10 243 1702,552 117

Nov-10 256 1782,807 118

Oct-10 271 1733,034 140

Sep-10 284 1753,086 108

Aug-10 297 1403,159 113

Jul-10 309 1703,188 105

Jun-10 322 1383,133 98

May-10 334 1223,049 107

Apr-10 343 1563,011 100

Mar-10 353 1572,977 96

Feb-10 367 1432,849 74

Jan-10 372 1582,985 78

Dec-09 376 1743,035 118


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18/21

Dec-10

144

Dec-09

169

%

-15%

Change

-26

Dec-09 vs. Dec-10: The average days on market is down 15%The Average Days on Market by Month

Blairsville Realty

Dec-09 vs. Dec-10

Chad Lariscy



Sq Ft:



Period: All All

Property Types:

Counties:

All


18 of 21



19/21

The Average Days on Market by MonthDec-09 vs. Dec-10: The average days on market is down 15%


Time Period # UC UnitsAverage DOM

Dec-10 111144

Nov-10 120164

Oct-10 145190

Sep-10 142172

Aug-10 131173

Jul-10 115147

Jun-10 95170

May-10 96114

Apr-10 120151

Mar-10 105130

Feb-10 79159

Jan-10 72154

Dec-09 94169


19 of 21



20/21

Dec-09 vs. Dec-10: The average months supply of inventory is down 37%

Blairsville Realty

Dec-09 vs. Dec-10

28.4 -37%

Chad Lariscy

18.0

Dec-10

Months Supply of Inventory

ChangeDec-09 %

-10.4




Sq Ft:



Period: All All

Property Types:

Counties:

All


20 of 21



21/21

Months Supply of InventoryDec-09 vs. Dec-10: The average months supply of inventory is down 37%


Time Period During MonthLast Day of Month DOMMSI# Units For Sale # UC Units UC Average

Dec-10 111 1441,998 18.0

Nov-10 120 1642,392 19.9

Oct-10 145 1902,588 17.8

Sep-10 142 1722,751 19.4

Aug-10 131 1732,768 21.1

Jul-10 115 1472,827 24.6

Jun-10 95 1702,823 29.7

May-10 96 1142,743 28.6

Apr-10 120 1512,665 22.2

Mar-10 105 1302,621 25.0

Feb-10 79 1592,577 32.6

Jan-10 72 1542,550 35.4

Dec-09 94 1692,670 28.4



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North Georgia Mountain Residential Market Report January 2011

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