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Madison County, GA Residential Real Estate Market Report & Stats for August, 2009

By
Real Estate Agent with Retired

Old Colbert Passenger Station photo by Mike Saunders

August 2009 residential real estate sales volume in Madison County GA, showed a slight decrease from July but still above the lows of May and June.

The average Days on Market (D.O.M.) did increase slightly. While median sales price remained flat for 5 months in a row, the average sales price experienced a loss of about 3.7%. Both sections of the county shared equally in both volume and price losses.

At the end of August there were 46 pending sales of residential property in Madison County up 5 from the end of July. Residential properties include single family homes, duplexes, triplexes, condos, townhouses, mobile and manufactured homes.

The following tables show the sliding 12 month residential sales volume for Madison County, North Madison County and South Madison County for the last 12 monts:

     Madison County         
Date DOM  Average     Median    # sold
1-Sep-08 214  $152,894.00    $145,000.00   174
1-Oct-08 211  $149,273.00    $141,500.00   176
1-Nov-08 201  $141,510.00    $139,900.00   181
1-Dec-08 196  $140,307.00    $134,810.00   172
1-Jan-09 193  $139,919.00    $136,000.00   166
1-Feb-09 195  $137,423.00    $130,391.00   165
1-Mar-09 193  $134,875.00    $130,000.00   165
1-Apr-09 192  $130,813.00    $125,500.00   156
1-May-09 185  $127,390.00    $125,000.00   160
1-Jun-09 181  $128,373.00    $125,000.00   150
1-Jul-09 182  $125,901.00    $124,900.00   155
1-Aug-09 192  $127,264.00    $125,000.00   161
1-Sep-09 195  $122,511.00    $124,900.00   159

 

     North Madison County         
Date DOM  Average     Median    # sold
1-Sep-08 230  $142,613.00    $121,675.00   42
1-Oct-08 214  $135,306.00    $119,000.00   45
1-Nov-08 205  $120,293.00    $106,000.00   48
1-Dec-08 213  $118,969.00    $104,000.00   46
1-Jan-09 199  $116,086.00    $104,000.00   45
1-Feb-09 194  $114,444.00    $104,000.00   47
1-Mar-09 191  $113,523.00    $  98,250.00   42
1-Apr-09 197  $113,917.00    $  96,500.00   41
1-May-09 184  $110,077.00    $  93,750.00   42
1-Jun-09 160  $107,937.00    $  89,200.00   40
1-Jul-09 161  $109,624.00    $  89,200.00   36
1-Aug-09 151  $103,608.00    $  72,750.00   32
1-Sep-09 136  $  92,272.00    $  70,000.00   31

     South Madison County         
Date DOM  Average     Median    # sold
1-Sep-08 213  $156,009.00    $149,900.00   137
1-Oct-08 210  $151,670.00    $149,900.00   137
1-Nov-08 200  $149,167.00    $149,900.00   133
1-Dec-08 192  $147,016.00    $148,448.00   126
1-Jan-09 191  $148,782.00    $148,895.00   121
1-Feb-09 195  $146,575.00    $147,329.00   118
1-Mar-09 194  $142,166.00    $141,500.00   123
1-Apr-09 191  $136,838.00    $135,000.00   115
1-May-09 186  $133,552.00    $131,446.00   118
1-Jun-09 188  $135,804.00    $131,446.00   110
1-Jul-09 188  $130,825.00    $128,000.00   119
1-Aug-09 203  $133,132.00    $128,300.00   129
1-Sep-09 209  $129,834.00    $126,200.00   128

 If you would like more information on Madison County, or are interested in buying or selling your home there, please call me at 706-207-5290. Or you can click here to email me with your inquiries. To search for homes in Jackson County you, please visit my website.