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June Home Sales Slide After 3 Months of Gain - Athens Clarke County, GA Residential Real Estate Market Report & Stats for June 2010

By
Real Estate Agent with Retired

St. Charles Place Homes Athens Ga Photo by Mike Saunders

June 2010 residential real estate sales volume in Athens - Clarke County, GA  slid 3% in June from May 2010 sales volume. However, this is still 2% higher volume than the the same period last year and 13% higher than the lows of last September.  While down, this is not a indicating a negative trend nor a major weakening of the Athens-Clarke County housing market. However, the July volumes, which will come out later this month, will be a better indicator of the market.   A positive indicator is that the D.O.M. (days on market) remained the same, 192 days, which is the low for the last year.

Both the average and median sales price of homes were down slightly from May .This is probably driven by two factors: 1) the number of foreclosures and short sales on the market; 2) first time and repeat homebuyers taking advantage of the $8000 and $6500 tax credits respectively.

At the end of June there were 126 pending sales of residential property in Athens - Clarke County. Residential properties include single family homes, duplexes, triplexes, condos, townhouses, mobile and manufactured homes.

The following table shows the sliding 12 month residential sales volume in Athens-Clarke County over the last 12 months:

     Athens         
Date DOM  Average     Median    # sold
1-Jul-09 203  $168,160.00    $143,000.00   848
1-Aug-09 203  $161,929.00    $140,000.00   818
1-Sep-09 204  $163,222.00    $139,500.00   787
1-Oct-09 205  $162,882.00    $139,900.00   772
1-Nov-09 201  $162,511.00    $140,000.00   794
1-Dec-09 202  $162,693.00    $141,500.00   837
1-Jan-10 203  $160,095.00    $140,000.00   828
1-Feb-10 202  $159,115.00    $139,500.00   846
1-Mar-10 200  $157,909.00    $140,000.00   847
1-Apr-10 197  $158,290.00    $140,250.00   846
1-May-10 195  $157,089.00    $139,900.00   884
1-Jun-10 192  $154,271.00    $137,700.00   893
1-Jul-10 192  $154,169.00    $137,000.00   869
  

If you would like more information on Athens-Clarke County, GA, or you are interested in buying or selling your home there, please call me at 706-207-5290. Or you can click here to email me with your inquiries. To search for homes in Jackson County you, please visit my website.

Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Mike

Thanks for taking the time to share the market update.

Good Luck and success.

Lou Ludwig

Aug 08, 2010 03:58 PM
Mike Saunders
Retired - Athens, GA

Lou - thanks for stopping by and checking it out!

Aug 09, 2010 02:56 AM