North Georgia Blue Ridge Mountains Market Watch 2008 Fannin, Gilmer, Union, Towns and Pickens Counties
Single Family Residential Homes Sales for February
For all counties combined as of March 8, 2008 - There are 2837 active, contingent and 141 pending homes on the market. The average list price is $336,286 and prices range from $8500 up to $3,500,000.
Please note: Statistics below are only for one month (February 08) compared to (February a year ago) - these are not year to date statistics.
Fannin County (Zip Codes) Blue Ridge 30513; Morganton; 30560; Mineral Bluff 30559; Epworth 30541; McCaysville 30555
There are 801 active, contingent and 24 pending homes on the market. The average list price is $376,210 and prices range from $49,900 to $3,500,000.
The number of homes sold in February 2008 is 26 with an average list price of $203,738 and an average sold price of $192,706. Average days on the market were 106 days. (As of March 8, 2008)
February 2008 February 2007
Average List Price:
$203,738
Average List Price:
$302,626
Median List Price
$187,450
Median List Price
$285,000
Average Sold Price
$192,706
Average Sold Price
$287,174
Median Sold Price
$179,825
Median Sold Price
$270,000
# Units Sold
26
# Units Sold
27
Days on Market
106
Days on Market
115
Sold to List
94.59%
Sold to List
94.89
Sold to Original
89.64
Sold to Original
90.6
Gilmer County (Zip Codes) Ellijay 30536, 30540; East Ellijay 30539, Talking Rock 30705
There are 797 active, contingent and 53 pending homes on the market. The average list price is $294,662 and prices range from $8500 to $2,737,777.
The number of homes sold in February 2008 is 21, with an average list price of $267,357 and an average sold price of $252,542. Average days on the market were 126 days. (As of March 8, 2008)
February 2008 February 2007
Average List Price:
$267,357
Average List Price:
$201,350
Median List Price
$294,500
Median List Price
$179,900
Average Sold Price
$252,542
Average Sold Price
$190,444
Median Sold Price
$239,480
Median Sold Price
$179,500
# Units Sold
21
# Units Sold
42
Days on Market
126
Days on Market
125
Sold to List
94.46%
Sold to List
94.58%
Sold to Original
89.85%
Sold to Original
92.89%
Towns County (Zip Codes) Hiawassee 30546; Young Harris 30582
There are 390 active, contingent and 7 pending homes on the market. The average list price is $403,190 and prices range from $39,900 to $2,899,900.
The number of homes sold in February 2008 is 10, with an average list price of $275,710 and an average sold price of $251,200. Average days on the market were 244 days. (As of March 8, 2008)
February 2008 February 2007
Average List Price:
$275,710
Average List Price:
$305,393
Median List Price
$239,200
Median List Price
$279,900
Average Sold Price
$251,200
Average Sold Price
$282,233
Median Sold Price
$206,750
Median Sold Price
$260,000
# Units Sold
10
# Units Sold
15
Days on Market
244
Days on Market
205
Sold to List
91.11%
Sold to List
92.74%
Sold to Original
83.98%
Sold to Original
88.53%
Union County (Zip Codes) Blairsville 30513, 30514
There are 649 active, contingent and 53 pending homes on the market. The average list price is $309,765 and prices range from $45,000 to $1,749,777.
The number of homes sold in February 2008 is 17, with an average list price of $247,493 and an average sold price of $226,224. Average days on the market were 162 days. (As of March 8, 2008)
February 2008 February 2007
Average List Price:
$247,493
Average List Price:
$204,138
Median List Price
$274,900
Median List Price
$199,000
Average Sold Price
$226,224
Average Sold Price
$191,512
Median Sold Price
$220,000
Median Sold Price
$185,000
# Units Sold
17
# Units Sold
21
Days on Market
162
Days on Market
117
Sold to List
91.41%
Sold to List
93.82%
Sold to Original
85.09%
Sold to Original
90.32%
Pickens County (Zip Codes) Jasper 30143; Talking Rock 30175
There are 200 active, contingent and 35 pending homes on the market. The average list price is $298,054 and prices range from $66,900 to $1,950,000.
The number of homes sold in February 2008 is 8, with an average list price of $169,038 and an average sold price of $177,400. Average days on the market were 160 days. (As of March 8, 2008)
Donna Yates, Georgia Realtor primarily serving the North Georgia Blue Ridge Mountains located in Blue Ridge, Georgia. Donna is dedicated to the real estate profession full-time and is ready to help home buyers nationwide. Want to market your property, need buyer representation? Email: Donna@ellijay.com Call 706-633-0644 cell or 706-946-7111 office Visit Donna's website to view great mountain properties: www.move2northgeorgia.net
Kim: It is what it is. Check CTI and you will get the same numbers. The columns are not switched. There has definitely been a change in our market in the past year and these numbers prove that. Keep in mind those figures are for February 08 compared to February 07 only. Not for the entire year.
Oh...that makes more sense then, if it was Feb. to Feb. Plus, when you are only talking about 26 sales for the month...one or two exceptionally large (or small) sales can skew the figures. Looks like the sale on Old Toccoa in 2007 for $1,330,000 did just that.
Thanks for the clarificaiton, and, again, nice analysis.
Kim: That's right. You read my mind because I was going to go back and look at the price ranges in Feb 07 compared to price ranges in Feb 08. That's what makes the difference but you've already checked it out, sounds like. What impressed me the most is that our sales in Feb 08 was just one short of Feb 07! Sounds like good news to me.
Hello, Donna! Wow, this is quite an analysis and I'm sure it took many hours to put this together. How do you find the time? Thank you for sharing, I'm sure your readers appreciate this kind of info about your local market. How does the stat compare with the same period last year?
Kim: The sky isn't falling after all. The media got it wrong. I am very encouraged about our market.
Yolanda: It does take some time to pull the stats together but well worth it. You asked about the same time last year but that is included in the post if you want to take another look. I am comparing Feb 08 to Feb 07. Thank you for your comment. So very good to have you back!
Jim: Thank you for your comment. That means a lot coming from someone with your expertise.
Tom: That is really great news about your market! Looks like things are improving in several places. Feb and Mar have been busier here than the same time last year.
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Great analysis, Donna...Those price differentials in Fannin County are pretty scary!! Please tell me you have the columns switched!
Kim