Peggie Davidson's Blog

Coweta County Market Watch August 2009 Sales by Month & Price

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Wed, 12 Aug 2009 08:50:31 -0500

At first glance it appears the unit sale decline has slowed significantly with '09 posting unit sales only slightly behind the same 7 months of last year at 7.6% or 54 homes. However, that is deceiving when you look at the same sales segmented by price. Notice in the 2nd table (sales by price) that a full third of the '09 YTD sales are in the under $100K range. All years previous to '08 had the under $100K unit sales representing slightly over 10% of the total. The reason for the tripling of this segment of the market is investor purchases of lower priced foreclosures for rental and/or flipping. Once you remove the dominant segment of the price spectrum then you see a truer picture of market with unit sales continuing their downward trend.

What's the short term future hold for Coweta home sales? More of the same for the foreseeable future probably continuing to late 2010 and possibly 2011. Much further than that and it is impossible to predict since all of our crystal balls start getting foggy looking past 12 months.

Note also that after the $250K range the months supply (the real litmus test for market conditions) begins doubling and tripling representing a softer mkt the further up the price range ladder you go. Keep in mind that is not a reflection of the times since those stats existed in the red hot years with little change today. High-end in Coweta has always had an extreme softness because the county is basically a blue-collar county with historical average home prices below $200K (and falling).

Sales by Month

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Gain	% Gain
2005	90	97	138	134	154	197	175	169	138	122	128	126	1,668	181	12.2%
2006	83	115	155	152	149	210	170	179	141	134	131	131	1,750	82	4.9%
2007	104	125	152	137	191	167	175	150	119	117	92	82	1,612	- 138	- 7.9%
2008	61	87	97	93	129	106	134	117	91	87	67	95	1,164	- 448	- 27.8%
2009	58	86	88	94	104	120	103	*					653	- 54	- 7.6%
¹% Diff 06 v 09	- 30.1%	- 25.2%	- 43.2%	- 38.2%	- 30.2%	- 42.9%	- 39.4%						- 36.8%

¹ 2009 % decrease compared to 2006, Coweta's all time high

* 121 homes Under Contract scheduled to close in Aug 2009

Coweta Existing Home Sales by Month Sales by Price

6 2009 Data As Of August 1, 2009 6
PRICE RANGE	Under 100K	100K 124K	125K 149K	150K 174K	175K 199K	200K 249K	250K 299K	300K 349K	350K 399K	400K 449K	450K 499K	500K 599K	600K 799K	800K 999K	1 MIL +	TOTAL	AVGS
Jul 2009⁴	34	9	16	20	7	11	2	0	2	1	0	0	1	0	0	103	$141,742
2nd Qtr 2009⁴	95	36	45	41	27	38	15	8	7	3	2	1	0	0	0	318	$148,787
1st Qtr 2009⁴	85	29	34	28	8	26	9	4	5	0	2	0	2	0	0	232	$139,374

YTD 2009⁴	214	74	95	89	42	75	26	12	14	4	4	1	3	0	0	653	$144,823
% of Total	32.8%	11.3%	14.5%	13.6%	6.4%	11.5%	4.0%	1.8%	2.1%	0.6%	0.6%	0.2%	0.4%	0.0%	0.0%	100%
Days on Mkt⁵	80	93	97	100	126	118	133	104	144	295	95	132	143	132	2,184	-	100
For Sale⁶	169	87	186	159	159	191	118	61	62	39	18	30	25	19	21	1,344	$247,213
Mon Supply⁷	5.6	8.4	14.1	12.0	23.6	18.0	32.9	38.5	35.4	93.6	43.2	90.0	75.0	228.0	252.0	-	14.5

Information reliable but not guaranteed courtesy of Don Bush

Summer Grove Market Watch jan 2009

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Mon, 09 Feb 2009 08:12:26 -0600

SummerGrove continues a downward trend with 8 sales in Jan (split evenly between new and resale), a third off from last Jan.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Gain	% Gain
2005	18	21	33	27	33	35	47	30	28	32	26	31	361	2	0.6%
2006	21	21	47	23	28	46	30	39	24	37	21	29	366	5	1.4%
2007	10	23	27	35	38	33	30	29	15	18	19	9	286	- 80	- 21.9%
2008	12	13	15	13	16	14	21	15	11	13	3	11	157	- 129	- 45.1%
2009	8	*											8	- 4	- 33.3%

* 5 homes Under Contract scheduled to close in Feb '09

Sales by Price

PRICE RANGE	100K 149K	150K 199K	200K 249K	250K 299K	300K 349K	350K 399K	400K 499K	500K 799K	TOTAL	AVG SALE	DOLLAR VOLUME
Jan 2009	1	-	2	1	-	3	1	-	8	$298,625	$ 2,389,000

171 Lake Cove Approach Newnan, Ga. / Summergrove

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Thu, 05 Feb 2009 11:22:26 -0600

This lovely upgraded ranch home shows great. Impressive entry foyer with hardwood floors that leads you into a large open and bright family room wired for surround sound, with marble accent fireplace, vaulted ceilings with ceiling fan and Dining room with chair rail and wainscoting accent wall. The sunny kitchen is also open to dining and living room and features a breakfast bar with pendent lighting, new tile floors, built in microwave, smooth top range, and refrigerator. Private Master Bedroom features a large spa bath, with separate shower and jetted tub, dual sinks with plenty of counter space and built in vanity. Additional features include, split bedroom plan, separate laundry room, ceiling fans in every room, and security system. Walk to the lake, pool, lazy river, tennis court, and park and enjoy all the amenities that Summergrove has to offer including award winning golf course, clubhouse with Olympic size pool sidewalks and street lights.

Coweta New home Sales continues to suffer/ Market Watch Jan 2009

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Thu, 05 Feb 2009 11:03:06 -0600

Coweta new homes continues to suffer with Jan posting the 2nd worst month in 10 years with 26 sales.

6 2009 Data As Of Feb 1, 2009 6
	Under 100K	100K 124K	125K 149K	150K 174K	175K 199K	200K 249K	250K 299K	300K 349K	350K 399K	400K 449K	450K 499K	500K 599K	600K & Above	TOTAL	AVGS
Jan 2009⁴	0	0	3	4	4	4	4	1	3	0	2	0	1	26	$266,835

Coweta New Home Market Watch

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Mon, 26 Jan 2009 16:05:35 -0600

A little good news in Dec for Coweta new homes with unit sales up 46% over Nov. However, both months were far below what is needed for a healthy new home mkt. For the year, sales were down a whopping 40.2% with little light at the end of the tunnel. The good news is inventory continues to reduce, currently at 468 homes standing, the lowest its been in decades. As inventories continue to reduce due to few new specs being built, months supply will have a parallel reduction. As that number approaches 6 months we'll have complete health restored back to a battered new home mkt. However, we're currently at 9.3 so we've got a ways to go.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Gain	% Gain
2005	64	85	99	96	103	117	109	108	102	79	83	98	1,143	37	3.3%
2006	82	104	128	102	105	148	93	122	101	90	85	91	1,251	108	9.4%
2007	67	80	103	82	103	103	107	103	74	53	74	56	1,005	- 246	- 19.7%
2008	45	48	67	57	60	68	59	49	55	34	24	35	601	- 404	- 40.2%
% Diff 07 v 08	- 32.8%	- 40.0%	- 35.0%	- 30.5%	- 41.7%	- 34.0%	- 44.9%	- 52.4%	- 25.7%	- 35.8%	- 67.6%	- 37.5%	- 40.2%

* 27 new homes Under Contract scheduled to close in Jan 2009

Below is Dec sales by price. Over $350K hit a brick wall which was responsible for avg sale prices to fall almost 20%.

6 2008 Data As Of Jan 1, 2009 6
	Under 100K	100K 124K	125K 149K	150K 174K	175K 199K	200K 249K	250K 299K	300K 349K	350K 399K	400K 449K	450K 499K	500K 599K	600K & Above	TOTAL	AVGS
Dec 2008⁴	3	1	5	2	4	8	9	3	0	0	0	0	0	35	$209,757

Coweta Market Watch Sales 2008

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Mon, 26 Jan 2009 15:56:47 -0600

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Gain	% Gain
2005	90	97	138	134	154	197	175	169	138	122	128	126	1,668	181	12.2%
2006	83	115	155	152	149	210	170	179	141	134	131	131	1,750	82	4.9%
2007	104	125	152	137	191	167	175	150	119	117	92	82	1,612	- 138	- 7.9%
2008	61	87	97	93	129	106	134	117	91	87	67	90	1,159	- 453	- 28.1%
% Diff 07 v 08	- 41.3%	- 30.4%	- 36.2%	- 32.1%	- 32.5%	- 36.5%	- 23.4%	- 22.0%	- 23.5%	- 25.6%	- 27.2%	+ 9.8%	- 28.1%

* 72 homes Under Contract scheduled to close in Jan 2009

Coweta Existing Home Sales by Month - 2007 vs 2008

6 2008 Data As Of Jan 1, 2009 6
PRICE RANGE	Under 100K	100K 124K	125K 149K	150K 174K	175K 199K	200K 249K	250K 299K	300K 349K	350K 399K	400K 449K	450K 499K	500K 599K	600K 799K	800K 999K	1 MIL +	TOTAL	AVGS
Dec 2008⁴	33	13	8	15	8	8	5	0	0	0	0	0	0	0	0	90	$125,213

Summer Grove Market Watch 2008 Year in review

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Wed, 14 Jan 2009 10:49:42 -0600

Below is the SG Mkt Watch. Due to the subd getting close to being built out, the year posted unit sales down 45.1%. Ten of the eleven homes sold in Dec were resales. Of the 157 homes sold for the year, 103 were resales or 65.6% of the total. Per MLS there are only 47 new homes remaining.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Gain	% Gain
2005	18	21	33	27	33	35	47	30	28	32	26	31	361	2	0.6%
2006	21	21	47	23	28	46	30	39	24	37	21	29	366	5	1.4%
2007	10	23	27	35	38	33	30	29	15	18	19	9	286	- 80	- 21.9%
2008	12	13	15	13	16	14	21	15	11	13	3	11	157	- 129	- 45.1%

Fayette County Market Watch The year in review 2008

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Fri, 09 Jan 2009 16:07:34 -0600

Below find the Fayette Mkt Watch Report (resales only) posted thru the end of 2008.

Some notable stats:

Unit sales decreased almost 30% (approx the same a Coweta) Oct, Nov & Dec were the worse 3 months in the past 10 years Compared to the all time high of 1,704 resales sold in '05, '08 has been reduced by 44.5% New home sales fell to an all time low of 192 homes or 16.9% of the total of 1,137 Avg selling price of a SFR in '08 - $289,267 Months supply of current inventory of 1,345 homes for sale - 13.6 months Compared to the all time high of 478 in '05, new home sales has been reduced by 60% in '08 88 real estate firms reside in Fayette employing 890 agents (as of today) 21 real estate firm closed in '08 - 15 new ones opened 198 agents left the business in '08 (17.9%), down from 1,109 on Jan 1, '08 Ratio of 890 Fayette agents to all Fayette homes sold in '08 - 1 : 1.3 A ridiculous ratio by any measure. What that means is, on avg, each of the current 890 Fayette agents sold 1.3 homes in '08. Percent of listings expired to listings sold - 56% Total dollar volume of all sales in '08 - $330,667,236 which paid out approx $9,093,350 in commissions

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Gain	% Gain
2005	86	87	117	131	172	201	187	199	160	130	126	108	1,704	91	5.6%
2006	94	99	136	130	166	208	188	170	131	125	101	107	1,655	- 49	- 2.9%
2007	80	83	94	122	150	167	155	134	94	93	85	71	1,328	- 327	- 19.8%
2008	72	69	87	84	105	100	128	74	73	56	46	51	945	- 383	- 28.8%

Summergrove Market Watch Newnan Georgia

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Sat, 10 May 2008 08:13:54 -0500

Due to new home sales winding down in SG, the unit decrease this yr is over 46%. Compounded with last year's 22% loss, sales are down almost 70% from the '06 high water mark. April saw only 4 new and 8 resales sold for a total of 12 sales with a May 1 inventory of 200 homes for sale representing a 10 month supply. There's been a slight drop in avg prices this year of 2.4%. With only a handful of new homes selling each month which goes to support several new home sales people is the primary reason the Newnan Home Source is imploding on itself with agents leaving in droves. To view the full SG Mkt Watch Report, go to: http://SummerGrove.BushRealEstateGroup.com

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Gain	% Gain
2005	18	21	33	27	33	35	47	30	28	32	26	31	361	2	0.6%
2006	21	21	47	23	28	46	30	39	24	37	21	29	366	5	1.4%
2007	10	23	27	35	38	33	30	29	15	18	19	9	286	- 80	- 21.9%
2008	11	13	15	12	*								51	- 44	- 46.3%

Coweta County Market decreases.

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Fri, 09 May 2008 09:05:21 -0500

With both the resale and the new home mkt experiencing almost identical % decreases this year, the resale mkt wasn't much better last month than the new home mkt with unit sales down 36%. Based on MLS, May will have a similar % decrease. For most of us in general brokerage, our efforts must be redoubled if we are to generate income close to last year. It's a tough mkt out there. The only reasonable reaction is to increase your prospecting efforts and push harder for price reductions from your sellers. Homes are still selling but with this kind of mkt it's more competitive than I've ever seen it. Sale price to list price ratios have decreased approx 1% from last year to 96% this year.

To view the full Coweta Mkt Watch Report, go to:

http://SalesStats.BushRealEstateGroup.com

SALES BY MONTH

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Gain	% Gain
2005	90	97	138	134	154	197	175	169	138	122	128	126	1,668	181	12.2%
2006	83	115	155	152	149	210	170	179	141	134	131	131	1,750	82	4.9%
2007	104	125	152	137	191	167	175	150	119	117	92	82	1,612	- 138	- 7.9%
2008	61	87	97	87	*								332	- 185	- 35.7%
% Diff 07 v 08	- 41.3%	- 30.4%	- 36.2%	- 36.5%									- 35.7%

* 114 homes Under Contract scheduled to close in May 2008

COWETA COUNTY MARKET WATCH/ March 2008

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Sun, 06 Apr 2008 12:54:50 -0500

SALES BY MONTH

Unit sales for existing homes continue to suffer as we head into 2008 posting a 37% decrease in the 1st qtr with average prices falling (9.8% in the 1st qtr). High-end home sales (over $350K) have been hit the hardest with only 5 having sold in the past 3 months while 230 are for sale. Notice on the below table we had dodged the bullet up through July '07. When August arrived everything started going south with little relief in sight if this 1st quarter is any indication. Months supply of inventory now exceeds over 1 year (12.2 months) and climbing as more and more homeowners are placing their homes on the mkt (typical this time of year). The months supply parallels Fayette and other surrounding counties but below Henry's 15.3 months supply. This is the first time in memory there has been a months supply in the county that exceeded a year for existing homes. I won't go into all the reasons since I'm sure you watch the news and see the finger pointing. In the end I think it is a myriad of reasons that all came together at about the same time to form the perfect real estate storm.

To view the full report online, go to: http://SalesStats.BushRealEstateGroup.com (Existing Home Report)

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Gain	% Gain
2005	90	97	138	134	154	197	175	169	138	122	128	126	1,668	181	12.2%
2006	83	115	155	152	149	210	170	179	141	134	131	131	1,750	82	4.9%
2007	104	125	152	137	191	167	175	150	119	117	92	82	1,612	- 138	- 7.9%
2008	61	85	94	*									240	- 141	- 37.0%
% Diff 07 v 08	- 41.3%	- 32.0%	- 38.2%										- 37.0%

* 97 homes Under Contract scheduled to close in Apr 2008

COWETA COUNTY MARKET WATCH/ SALES

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Sat, 08 Mar 2008 10:09:35 -0600

Contact Peggie Davidson 404-557-4228

SALES BY MONTH

The 1st table shows monthly unit sales for existing homes for 2005 through YTD 2008 with annual totals and percent gains compared to the previous year. New home sales, which represent 42% of total home sales in the county, posted gains in 2006 close to 10% eclipsing 2005's 3.3% gain (see link button at the bottom of this page "Coweta New Home Market Watch") but 2007 is a whole new story with new home sales collapsing. For existing homes, prior to August we had dodged the bullet of declining sales seen in most other markets with unit sales marginally ahead of the same period in '06. However, the significant decline beginning in August brings 2007 sales below '06 by 7.9%. The trend is toward reduced sales and is a red flag worth watching as we head into 2008.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Gain	% Gain
2005	90	97	138	134	154	197	175	169	138	122	128	126	1,668	181	12.2%
2006	83	115	155	152	149	210	170	179	141	134	131	131	1,750	82	4.9%
2007	104	125	152	137	191	167	175	150	119	117	92	82	1,612	- 138	- 7.9%
2008	61	85	*										146	- 83	- 36.2%
% Diff 07 v 08	- 41.3%	- 32.0%											- 36.2%

* 97 homes Under Contract scheduled to close in Mar 2008

Source: Ga MLS Jan 1, 2007

SALES BY PRICE

This table shows the annual unit sales for existing homes for 2005 through YTD 2008 for each designated price range with unit and percentage increases together with days on the market. Coweta County home sales continue to be predominately under $200,000 representing 69.3% of the unit sales in 2006. The average existing home sale price for 2006 was $185,265 (up 0.5% over 2005) selling at an average of 97.4% of list price. The lack of increase in average sale price is a major change from previous years where the increase usually hit 8%. As a result of the national market going through a correction we will see prices lay flat for a few years. As of Mar 1, 2008 there were 1,417 existing homes and 721 new for a total of 2,138 homes for sale in Coweta County. In 2007 the average price of existing homes has fallen from $185,265 last year to $178,922 or a 3.4% decrease.

	Under 100K	100K 124K	125K 149K	150K 174K	175K 199K	200K 249K	250K 299K	300K 349K	350K 399K	400K 449K	450K 499K	500K 599K	600K 799K	800K 999K	1 MIL +	TOTAL	AVGS
2005	182	186	331	285	225	209	105	60	40	15	7	10	10	1	2	1,668	$184,409
2006	196	206	302	295	216	244	119	78	42	15	14	11	8	1	3	1,750	$185,265
2007	210	202	262	276	179	232	104	58	39	21	10	8	6	1	1	1,612	$178,922
Gain/Loss¹	+ 14	- 4	- 40	- 19	- 37	- 12	- 15	- 20	- 3	+ 6	- 4	- 3	- 2	0	- 2	- 138	- $ 6,343
%Gain/Loss¹	+ 7.1%	- 1.9%	- 13.2%	- 6.4%	- 17.1%	- 4.9%	- 12.6%	- 25.6%	- 7.1%	+ 40.0%	- 28.6%	- 27.3%	- 25.0%	0.0%	- 66.7%	- 7.9%	- 3.4%
% of Total²	13.0%	12.5%	16.3%	17.1%	11.1%	14.4%	6.5%	3.6%	2.4%	1.3%	0.6%	0.5%	0.4%	0.1%	0.1%	100%	-
Days on Mkt³	87	85	89	82	107	90	102	119	91	103	168	64	43	211	89	-	92
6 2008 Data As Of March 1, 2008 6
PRICE RANGE	Under 100K	100K 124K	125K 149K	150K 174K	175K 199K	200K 249K	250K 299K	300K 349K	350K 399K	400K 449K	450K 499K	500K 599K	600K 799k	800K 999K	1 MIL +	TOTAL	AVGS
Feb 2008⁴	12	14	16	14	8	10	6	2	1	0	1	1	0	0	0	85	$166,751
Jan 2008⁴	11	7	7	13	5	7	5	5	0	0	0	1	0	0	0	60	$173,041

YTD 2008⁴	23	21	23	27	13	17	11	7	1	0	1	2	0	0	0	145	$169,379
Days on Mkt⁵	84	87	91	86	110	89	110	121	107	101	167	102	43	211	89	-	94
For Sale⁶	119	119	204	168	142	236	152	66	60	35	35	26	28	9	18	1,417	$245,931
Mon Supply⁷	7.1	7.2	9.6	7.8	10.3	13.2	18.1	14.4	23.2	22.1	42.0	31.2	56.0	108.0	216.0	-	11.2

MONTHS SUPPLY LEGEND: GREEN=GOOD MARKET CONDITIONS BLUE=AVERAGE MARKET CONDITIONS ORANGE=EXTRA MARKETING REQUIRED RED=INTENSE MARKETING REQUIRED
¹ Unit and percentage Gain/Loss are for 2005 compared to 2004 (Black = Gain / Red = Loss)
² Percent of total sales for 2007
³Avg Days on Market are for sold homes for 2007
⁴ 2007 unit sales for designated mon, qtr, & yr
⁵ Days on Market for past 12 months of Sold Homes
⁶ Number of existing homes for sale as of Mar 1, 2008 (click on "For Sale" to search for any home in metro Atlanta)
⁷ Months Supply on Market as of Mar 1, 2008

Note: Months Supply is computed by dividing the current number of homes for sale into the number sold in the past 12 months X 12.

2511 Hwy 34 East
Newnan, GA 30265

SALES BY ZIP CODE
Jan 1, 2007 - Dec 31, 2007

ZIP - AREA	EXISTING HMS SOLD	NEW HMS SOLD	TOTAL SALES	% of TOTAL	FOR SALE	MONTHS SUPPLY	AVG SALE PRICE
30263 - West Newnan	634	292	926	35.4%	838	10.9	$181,611
30265 - East Newnan	474	364	838	32.1%	632	9.1	$230,782
30277 - Sharpsburg	266	117	383	14.7%	275	8.6	$243,040
30276 - Senoia	137	164	301	11.5%	292	11.6	$210,507
30259 - Moreland	20	16	36	1.4%	46	15.3	$183,343
30220 - Grantville	58	28	86	3.3%	99	13.8	$135,391
30268 - Palmetto	21	20	41	1.6%	31	9.1	$208,970
TOTAL	1,610	1,001	2,611	100%	2,213¹	10.2¹	$208,750

¹ Number of homes for sale & Months Supply as of Jan

Peggie Davidson

Bush Real Estate Group
Buckhead, Newnan,
Peachtree City, Marietta,
Macon, and Jonesboro
Direct 404-5574228

Metro Atlanta: 770-254-9400
E-Mail: peg@PeggieDavidson.com

COWETA COUNTY MARKET WATCH

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Thu, 06 Mar 2008 15:20:31 -0600

SALES BY MONTH

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Gain	% Gain
2005	90	97	138	134	154	197	175	169	138	122	128	126	1,668	181	12.2%
2006	83	115	155	152	149	210	170	179	141	134	131	131	1,750	82	4.9%
2007	104	125	152	137	191	167	175	150	119	117	92	82	1,612	- 138	- 7.9%
2008	60												60	- 44	- 42.3%
% Diff 07 v 08	- 42.3%												- 42.3%

* 83 homes Under Contract scheduled to close in Feb 2008

Coweta County Real Estate Market Review sales by zip code 2007

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Wed, 20 Feb 2008 11:45:40 -0600

ZIP - AREA	EXISTING HMS SOLD	NEW HMS SOLD	TOTAL SALES	% of TOTAL	FOR SALE	MONTHS SUPPLY	AVG SALE PRICE
30263 - West Newnan	634	292	926	35.4%	838	10.9	$181,611
30265 - East Newnan	474	364	838	32.1%	632	9.1	$230,782
30277 - Sharpsburg	266	117	383	14.7%	275	8.6	$243,040
30276 - Senoia	137	164	301	11.5%	292	11.6	$210,507
30259 - Moreland	20	16	36	1.4%	46	15.3	$183,343
30220 - Grantville	58	28	86	3.3%	99	13.8	$135,391
30268 - Palmetto	21	20	41	1.6%	31	9.1	$208,970
TOTAL	1,610	1,001	2,611	100%	2,213¹	10.2¹	$208,750

¹ Number of homes for sale & Months Supply as of Jan 1, 2008

484 Millard Farmer Road

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Fri, 15 Feb 2008 09:33:51 -0600

UPDATED & MAINTAINED HOME WITH OUT DOOR LIVING. Level 1.89 ACRE LOT, FENCED & LANDSCAPED, RALAX ON THE NICE SCREENED BACK PORCH WHILE OVERLOOKING THE 3 TIERED DECK, OR GO FOR A DIP IN THE POOL. SECURITY SYSTEM, AND BEAUTIFUL HARDWOOD FLOORS AND TILED BATHS. CALL ME TODAY FOR A SHOWING.

Northgate School District

Peggie Davidson Coweta - Fayette Real Estate (BUSH Real Estate Group) — Thu, 14 Feb 2008 14:13:41 -0600

90 Jeb Stuart Newnan Ga $149,900.

Great location! Convenient to I-85. Immaculate and well maintained Ranch Freshly painted with designer color. New Carpeting. Upgraded lighting with new fixtures throughout. Master bath with marble floor garden tub and separate shower. Wood burning fireplace with gas starter. Maintenance free vinyl siding with 2 car side entry insulated and heated garage. Nearly one acre wooded level lot and much more. A must see!