Dahlonega Lumpkin County Georgia Real Estate Report.

By
Real Estate Agent with Chestatee Real Estate 217370

AlanGrizzle.com
   
Dahlonega / Lumpkin County Real Estate Report. January 2011


  All properties in this report were listed and sold by Realtor's. For sale by owners are not referenced in this report.
Article Headline

 As if February 3, 2011, The FMLS system has 323 homes listed for sale. We have an additional 34 homes under contract.

 

FMLS is reporting 12 single family homes closed in January, 7 of the 12 were foreclosures.

 

The highest sale price was $191,027. The home was at 174 Nimblewill Gap Road. The lowest sale price was $39,500 at 17 Lester Shelton Road.

 

We have 322 developed lots on the market with an additional 2 under contract.

 

Two lots sold in January, a 1.1 Acre lot on the Chestatee River in Rivermist sold for $35,000 and a 3.29 acre lot on Greenleaf Dr. with a 26X30 garage that was half framed sold for $48,000

 

There are 20 townhouses listed for sale. One additional townhouse is under contract.

 

We had 2 townhouses sell in January.  One of them was an estate sale at 265 River Knoll Way for $177,000 and the other was a foreclosure at 277 Summit Drive for $130,001

 

The land farm section has 110 active listings. Two closed in January, 3.1 acres on Little Mountain Road sold for $14,310 and 2.34 acres on Blain Drive sold for $9,000.

My Take on the Market.

Look for the banks to start clearing the books of bad loans this year. I think a lot of people will get some great buys this year. For example 83 acres on Highway 9 across from Clay Creek Falls Road was listed for $502,500. That comes to $6,054 per acre and that is the asking price, it may sell for less.  If you are in a position to buy I think this is the year.

 

 The Lumpkin County planning department issued 464 building permits in 2006 and only 43 in 2010. When the existing inventory gets sold off and they start back building prices will have to go up. They can not build and sell homes for less than the cost to build like they are selling for now.

If you are interested in the market I have a free service that has the most up to date market information at  http://dahlonegahomesforsale.listingbook.com/ you may also find a full list of homes for sale including HUD foreclosures at http://www.AlanGrizzle.com .

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Alan Grizzle

Full Time Realtor, Lifelong Resident of Dahlonega
Contact me to buy or sell a home in Dahlonega or Dawsonville.
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