October 2009 residential real estate sales volume in Madison County GA, showed a decrease from September. This marks 3 consecutive months of declining sales volume which has reached a 12 month low. All of the declines were in North Madison County while the volume in South Madison County was unchanged.
The average Days on Market (D.O.M.) increased by more than a week throughout the county. However, North Madison County did experience a two week decrease in D.O.M. while South Madison County had a 10 day increase.
Throughout the county median prices have remained virtually flat for 8 months now showing some price stabilization. The average price, while increasing almost 2% over September has cycled within a $5000 range (4%) for seven months, again, showing some price stabilization. North Madison County did experience an almost 9% average price increase. South Madison County has maintained a virtually flat average price.
At the end of August there were 37 pending sales of residential property in Madison County. 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:
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Madison County |
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| Date |
DOM |
Average |
|
Median |
|
# sold |
| 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 |
| 1-Oct-09 |
199 |
$123,804.00 |
|
$125,000.00 |
|
154 |
| 1-Nov-09 |
207 |
$126,309.00 |
|
$125,000.00 |
|
148 |
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|
North Madison County |
|
|
|
|
| Date |
DOM |
Average |
|
Median |
|
# sold |
| 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 |
| 1-Oct-09 |
140 |
$101,740.00 |
|
$ 89,900.00 |
|
31 |
| 1-Nov-09 |
126 |
$110,381.00 |
|
$100,000.00 |
|
25 |
| |
|
South Madison County |
|
|
|
|
| Date |
DOM |
Average |
|
Median |
|
# sold |
| 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 |
| 1-Oct-09 |
214 |
$129,364.00 |
|
$126,400.00 |
|
123 |
| 1-Nov-09 |
224 |
$129,546.00 |
|
$126,000.00 |
|
123 |
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.
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2 Comments on Madison County, GA Residential Real Estate Market Report & Stats for October, 2009
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;)
;)
Mike,
I always liked that baggage cart, but from this angle it looks like there is a missing sideing.
From these numbers it looks like North Madison County North Madison County is the place to buy and South Madison County the place to sell.
Bill