foreclosures atlanta area real estate: Comparing 2008 to 2007
- 01/05/09 04:50 PM
Sales declined again this past year, comparing 2008 to 2007. The lower price ranges market remaining stable and the higher price ranges have the greatest declines. Sales in the 300K+ range declined 45%, in the 225K-300K range, by 43% and in the 150-225K range by 39%. Under 150K remained stable, with about the same volume of sales in 2008 as in 2007. Foreclosures and Short Sales continue to account for about 50% of all closings in Cherokee County. Second home buyers and retirees who typically buy in North Georgia Mountain and Lake Communities like Lake Arrowhead found their 401K nest eggs lose … (0 comments)
foreclosures atlanta area real estate: Cherokee County GA Foreclosures
- 09/26/08 06:41 PM
I never would have guessed our local Cherokee County Georgia real estate market would end up with more foreclosures every month (about 250) than actual sales every month (about 200). It is just a sign of the times. The entire Atlanta Area Real Estate market is suffering a similar fate, although areas with great inventories of new homes seem to struggle the most. Some of the real estate deals are incredible, with homes costing less than an SUV! Many people are trying to diversify their investments, by purchasing investment or second home properties, especially with all the turmoil on wall street. At least real … (0 comments)
Sales declined again this past year, comparing 2008 to 2007. The lower price ranges market remaining stable and the higher price ranges have the greatest declines. Sales in the 300K+ range declined 45%, in the 225K-300K range, by 43% and in the 150-225K range by 39%. Under 150K remained stable, with about the same volume of sales in 2008 as in 2007. 
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