October 2009 residential real estate sales volume in Athens - Clarke County, GA showed the first increase in the 12 month sliding sales volume for more than a year. While only 2.8%, the increase is a postive sign that perhaps the Athens, GA market is stabilizing, if not improving. Also, as volume went up, the average Days on Market (D.O.M.) dropped by 4 days, another positive indicator.
Both the average and median sales price of homes remainded flat from September, however, both the median and average prices are down just over 6% from a year ago.This is probably driven by two factors: 1) the number of foreclosures and short sales on the market; 2) first time homebuyers taking advantage of the $8000 tax credit.
At the end of September there were 148 pending sales of residential property in Athens - Clarke County, up 5 from the September figures. Residential properties include single family homes, duplexes, triplexes, condos, townhouses, mobile and manufactured homes.
The following table shows the sliding 12 month residential sales volume in Athens-Clarke County over the last 12 months:
| |
|
Athens |
|
|
|
|
| Date |
DOM |
Average |
|
Median |
|
# sold |
| 1-Nov-08 |
181 |
$173,224.00 |
|
$149,838.00 |
|
1141 |
| 1-Dec-08 |
185 |
$173,172.00 |
|
$149,800.00 |
|
1110 |
| 1-Jan-09 |
184 |
$173,985.00 |
|
$149,000.00 |
|
1073 |
| 1-Feb-09 |
187 |
$173,811.00 |
|
$149,600.00 |
|
1061 |
| 1-Mar-09 |
187 |
$171,941.00 |
|
$148,000.00 |
|
1042 |
| 1-Apr-09 |
190 |
$172,330.00 |
|
$145,000.00 |
|
1009 |
| 1-May-09 |
194 |
$172,007.00 |
|
$145,000.00 |
|
961 |
| 1-Jun-09 |
200 |
$171,810.00 |
|
$145,000.00 |
|
901 |
| 1-Jul-09 |
203 |
$168,160.00 |
|
$143,000.00 |
|
848 |
| 1-Aug-09 |
203 |
$161,929.00 |
|
$140,000.00 |
|
818 |
| 1-Sep-09 |
204 |
$163,222.00 |
|
$139,500.00 |
|
787 |
| 1-Oct-09 |
205 |
$162,882.00 |
|
$139,900.00 |
|
772 |
| 1-Nov-09 |
201 |
$162,511.00 |
|
$140,000.00 |
|
794 |
If you would like more information on Athens-Clarke County, GA, or you 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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Great post with good news for sure. Have a great and profitable week Mike.