North Georgia Real Estate | Blue Ridge Mountains | Residential, Commerical, Land - North Georgia Blue Ridge Mountains | Move 2 North Georgia | Donna Yates, Georgia Realtor | Coldwell Banker High Country
2009 Year End Market Report - as of January 9, 2010 (Fannin, Gilmer, Union and Towns)
Fannin County (Blue Ridge, Morganton, Epworth, McCaysville, Mineral Bluff, Aska)
Active: 1904 Total Residential: 672 Commercial: 59 Lots/Acreage: 1167
Contingent: 31
Pending: 50
Foreclosures: 137
Sold: YTD 2009 = 506 YTD 2008 = 481
Gilmer County (Ellijay, East Ellijay, Cherry Log)
Active: 1993 Total Residential: 590 Commercial: 42 Lots/Acreage: 1361
Contingent: 15
Pending: 55
Foreclosures: 80
Sold: YTD 2009 = 451 YTD 2008 = 508
Union County (Blairsville)
Active: 2124 Total Residential: 596 Commercial: 59 Lots/Acreage: 1465
Contingent: 19
Pending: 40
Foreclosures: 76
Sold: YTD 2009 = 453 YTD 2008 = 409
Towns County (Young Harris, Hiawassee)
Active: 1271 Total Residential: 392 Commercial: 29 Lots/Acreage: 848
Contingent: 14
Pending: 10
Foreclosures: 52
Sold: YTD 2009 = 177 YTD 2008 = 203
TOTAL - all counties combined listed below - As of January 9, 2010
Fannin, Gilmer, Union, Towns
Year End 2009 Year End 2008
Total Closed: 1587 1601
Residential: 1162 1137
Land: 409 432
Commercial: 16 32
Out of total, # Foreclosures: 426 95
Year End 2009 Year End 2008
Completed New Construction - Sold - List to Sales Price: 90.25% 92.51%
Under Construction - Sold - List to Sales Price: 90.78% 94.41%
Re-Sale - Sold - List to Sales Price: 90.72% 91.68%
Actual "Sold" Breakdown by Price Points (Closed)
Year End 2009 Year End 2008
|
$199K and below
$200k to $299999
$300k to $399999
$400k to $499999
$500k to $599999
$600k to $699999
$700k to $799999
$800k to $899999
$900k to $999999
$1mil or more
|
689 257 foreclosures
314 58 foreclosures
101 9 foreclosures
42 2 foreclosures
14 0 foreclosures
10 0 foreclosures
2 0 foreclosures
2 0 foreclosures
1 0 foreclosures
8 0 foreclosures
|
611 67 foreclosures
325 14 foreclosures
113 3 foreclosures
27 1 foreclosure
10 1 foreclosure
5 1 foreclosure
3 0 foreclosures
5 0 foreclosures
2 2 foreclosures
6 0 foreclosures
|
Key Notes:
$199,999 or below remains the hottest price point with sales dropping more than one half in the next highest price point of $200k to $299,999
Can easily see that the number of foreclosed properties for sale increased in 2009 with more than 25% of total properties closed were foreclosures compared to less than 6% in 2008
Actual Properties Sold: UP in Fannin and Union County; DOWN in Gilmer and Towns in 2009 compared to 2008
Increase in number of foreclosures for sale in 2009 compared to 2008
Sold to List Price down slightly across the board in 2009 compared to 2008
All information is deemed accurate but is not guaranteed Source: Northeast GA Multiple Listing Service
Donna Yates, Georgia Realtor
Coldwell Banker High Country Realty
706-633-0644 cell
706-632-7311 x252 office
www.move2northgeorgia.net
donna@ellijay.com
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Hi, Donna! It seems like one area sales is up, the neighboring area sales is down in the same board! That's what it's like where I'm at. I guess what we're looking for is the trend of most cities to have increased sales. Fortunately, the total inventory in our two boards are down. Hope that is the same in yours, Donna. Have a wonderful week!