What is going on in the areas real estate market? That is a question I get asked all the time now. My standard response is it is a GREAT time to buy. Yes the Young Harris & Hiawassee markets are slower than it was back in 2005 and 2006 and there are more properties for sale in Towns County now than back in 05 or 06. All of these factors just make it a better time to buy. A buyer has more properties to choose from and if they are thinking about building on a vacant lot the builders are available to work with them now. Lets take a look at some of the facts about the Towns County market. First off we all know that this is a true discretionary spending area. Nobody has to move to the Mountains and Lakes. It is not like we have major industries and or company in the area with relocations going on everyday. This area is all about lifestyle, it is what makes the area so special.
| 2005 |
|
|
|
|
| Jan | Feb | March | Apr | Total |
New | 45 | 31 | 66 | 63 | 205 |
Pending | 43 | 27 | 55 | 52 | 177 |
Sold | 44 | 44 | 37 | 49 | 174 |
|
|
|
|
|
|
| 2006 |
|
|
|
|
| Jan | Feb | March | Apr | Total |
New | 59 | 63 | 126 | 93 | 341 |
Pending | 73 | 39 | 62 | 23 | 197 |
Sold | 46 | 56 | 66 | 53 | 221 |
|
|
|
|
|
|
| 2007 |
|
|
|
|
| Jan | Feb | March | Apr | Total |
New | 177 | 108 | 165 | 259 | 709 |
Pending | 33 | 19 | 27 | 20 | 99 |
Sold | 23 | 29 | 28 | 28 | 108 |
|
|
|
|
|
|
| 2008 |
|
|
|
|
| Jan | Feb | March | Apr | Total |
New | 101 | 96 | 137 | 165 | 499 |
Pending | 24 | 12 | 13 | 16 | 65 |
Sold | 22 | 15 | 26 | 15 | 78 |
This works sheet is pretty self explanatory. All listings/properties in Towns County (Lots, Land, Homes, etc)
New: Number of new listing entered into the MLS system in Towns County.
Pending: Number of listing that went pending in Towns County.
Sold: Number of listing that closed in Towns County.
Source: NEG Board of Realtors.
As you can see 2005 and 2006 where very busy times for pendings and solds. 2007 and 2008 are getting back to normal, but with the increase of new listing it has given the buyer more options.
What ever type of Real Estate be it, Lake Chatuge Real Estate, North GA Property, Western NC Land, Young Harris Cabin, Hiawassee Home, Chuck Albury and Mountain Realty are here to help.
Comments(0)