Real Estate Blog - North Georgia Blue Ridge Mountains Market Data (June) Edited

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North Georgia Blue Ridge Mountains Market Data (June) Edited

June market data for the following North Georgia Blue Ridge Mountain counties:

Fannin
Gilmer
Union
Towns

Overall, market conditons appear to be stabilizing. Below are data tables that show the market correction which took place more dramatically between 2006 and 2007. We experienced a pullback or slowing in volume sales, decrease in average sold price and in some cases, an increase in the number of days on the market. The sold price % to list price has been fairly stable in 2007 and 2008 for all four counties with Towns slipping only slightly. You can see the market correction that took place in 2007 when compared to 2006; less dramatic when comparing 2007 to 2008 indicating some stabilization is now occurring.

Fannin County Residential Property Sales
Includes the towns of Blue Ridge, McCaysville, Morganton, Epworth and Mineral Bluff
The number of residential properties currently for sale in Fannin County is 911 (as of July 18, 2008)

Gilmer County Residential Property Sales
Includes the towns of Ellijay, East Ellijay, and Talking Rock
The number of residential properties currently for sale in Gilmer County is 888 (as of July 18, 2008)

Union County Residential Property Sales
This includes the town of Blairsville
The number of residential properties for sale in Union County is 807 (as of July 18, 2008)

Towns County Residential Property Sales
Includes the towns of Young Harris and Hiawassee
The number of residential properties currently for sale in Towns County is 562 (as of July 18, 2008)

Data Source: Northeast Georgia Multiple Listing Service
Disclaimer: All information is deemed reliable and accurate but is not guaranteed.

Donna Yates, Georgia Realtor
Mountain Investments of North Georgia
Ofc: 706-946-7111 Cell: 706-633-0644 (direct)
Primarily serving the North Georgia Blue Ridge Mountains
Fannin, Gilmer, Union and Towns Counties

Websites:
www.mynorthgeorgia.net
www.move2northgeorgia.net
www.greatgeorgiahomes.net

Email:
donna@mynorthgeorgia.net

Edited: August 3, 2008

Posted by Donna Yates, Georgia Realtor Georgia Real Estate,Blue Ridge Mountains on 07/19/2008 03:41 AM

Comments (7)

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Originally posted at: North Georgia Blue Ridge Mountains Real Estate Blog, Donna Yates, Realtor: North Georgia Blue Ridge Mountains Market Data (June) Edited

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7 Comments on North Georgia Blue Ridge Mountains Market Data (June) Edited

JUL

2008

I like hearing that a market is stabilizing. We needed a correction and I am glad to have had it.

Lets see how the end of summer turns out!

Your friend in Charlottesville!

Donna, I think if you're buying a home, now is the time to do it. Your area has a lot of properties--all priced right.

Donna: Nice Report -- I like seeing how different people present their market information.

Donna: Thank goodness! I am ready for a little positive news! Hopefully, buyers will realize that there are a lot of great homes up here at great values...and you and I will benefit from that realization.

Good job!

Charles: I agree, it's nice to have a little stability for a change.

Carole: We have truly gone through a correction but the market sets the price and we have finally worked through the transition and most properties are priced to sell.

Kathy: I do too. I've learned a lot from other members.

Kim: Lots of great homes ripe for the picking! It's good to see some stability for a change.

Hi Donna,
I am afraid that many Buyers are going to wait too long and lose out on a fantastic opportunity. The time is NOW.

Cynthia: You make a great point and it's next to impossible to time the bottom. Now that we are seeing stability, we feel we may have found the bottom so I do hope serious buyers are paying attention.

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