Jasper Georgia's, Dogwood Trace neighborhood is a new subdivision and therefore has little historical data to analyze for past performance or future trends, however, the couple of homes that sold last year show a promising start for this new development . . . as do the additional two sales that are pending.
Going against a sizable inventory of similarly priced homes and strong competition from other comparable neighborhoods with new homes for sale(most notably, Jordan's Crossing, Wild Timber, Madison Ridge, and Grandview Cove), the short time on market and full sales price of these houses suggests appeal to a certain segment of the market.
With the two sales that averaged around $371,000 -- higher than the current average list price of $362,000 for homes for sale in Dogwood Trace, which range from $322,000 to $390,000 -- and the average list of the two homes under contract at an even higher $388,000, price pressure does not seem a problem. And, with only six homes on the market, excessive internal inventory likewise seems of little concern.
Overall, anyone looking for a home in this price range may want to include Dogwood Trace among their Pickens (or even North Cherokee) possibilities.
For the latest data on market conditions and homes available in Dogwood Trace in Jasper, Georgia, contact Trent Cluley -- Keller Williams Realty.
Dogwood Trace Home Sales Data*
Home Sales: 2007 |
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| Number Sold*
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2 |
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| Low** |
$363,360 |
3 bed / 3 bath |
Average |
$370,680 |
4 bed / 3.5 bath |
| High |
$378,000 |
4 bed / 3.5 bath |
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| Active Listings: March 2008 |
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| Number on Market |
6 |
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| Low |
$321,900 |
3 bed / 2 bath |
| Average |
$361,733 |
4 bed / 3 bath |
| High |
$389,900 |
5 bed / 4.5 bath |
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* Data used here is derived from the FMLS listing service, does not reflect private sales of properties not listed in real estate, and is not warranted.
** One of the two houses sold has returned to market as an active "resale", which distorts the true picture a little.
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