During the month of March 2011, the Jackson County Ga real estate market had an increase in volume after a decrease in Jan and flat in February. One bit of good news for the increase, the sales were not driven by the need to close on homes by the end of June in order to get the Home Buyers Tax Credit.
Pecan Tree in Jackson County GA
At the end of March, there were 268 active listings in Jackson County. 155 of those were residential listings and 93 farm, lot and land listings. 34 of the residential listings and 26 of the farm, lot and land listings are REO/foreclosure properties while another 14 of the residential listings are short sales. In addition, there are 21 listings under contract and pending sale, all of which are residential properties.
During March there were 16 total real estate sales, 13 of which were residential and 3 farm/land and lot listings. Of those 13 residential sales, 6 were REO/Foreclosure sales. There were no REO sales of farm, land and lots. There were no short sales of any type in Madison County during March 2011.
Residential listings include single family homes, town homes, condos, mobile homes and modular homes. Farm, lot and land listings include residential lots (developed or undeveloped), farms, acreage and undeveloped land. The other listings not detailed include multi-family units, commercial properties, industrial properties, etc. and are included in the total listings but not broken out in the details. All real estate market information in this post is derived from data in the Athens Area Association of Realtors® multiple listing service (MLS). Note: Jackson County is also served by 2 other Multiple Listing Services that might detail activity not included in the AAAR MLS.
Jackson County Ga real estate activity includes the towns of Arcade, Braselton, Commerce (formerly Harmony Grove), Hoschton, Jefferson, Maysville, Nicholson (formerly Cooper), Pendergrass & Talmo as well as the unincorporated areas.