North Georgia Union County Residential Market Report

By
Real Estate Agent with Keller Williams Realty Partners 290057

 

Union County Residential Sales 2005-2008 2.001I want to go ahead and apologize a little bit in advance because you are going to think that I have absolutely lost my mind as you continue to read through this post. I am going to be jumping all over the place as I report to you exactly where we were as far back as 4 years ago when I got into Real Estate, where we are now, and of course where I think we are going.

As you can see from this first Graph, we have seen a very sharp decline in sales here in Union County progressively over the course of the past 4 years.  However, as you will see in later posts, that it is not just Union County that has been seeing numbers like this. Over in Blue Ridge Georgia, and Ellijay Georgia, Mountain Homes For Sale there have also been on the rise because of a decrease in Homes being Sold. I have to say that it is very hard for me to get my head around the fact that there were only 8 Residential Sales in Union County this past December. There are over 200 Licensed Realtors in Blairsville according to our Northeast Georgia Board of Realtors, so let’s say 6 different Realtors sold a Mountain Home or Cabin last month, that means that over 184 Realtors in Union County worked for Free!

So what is going on with the North Georgia Mountain Home Pricing in Union County? 

Residential Price DistributionIf you have read any of my previous North Georgia Market Reports, then you know it is my first time to took a good hard look at Price Distribution. What is Price Distribution? Good Question, and when you find out please leave me a comment and let me know would you? Actually, Price Distribution is nothing more than taking the number of Homes Listed, the Number of Homes Sold, and the number of Homes For Sale, all within a given period of time at certain price points. These price points are usually within $25,000 to $50,000 in increments, and each increment is then given a number based upon the data in each classifications above. Now you may want to know what the difference is between number of Home Listed and Number of Homes For Sale. Simple, Homes Listed is all the Homes that have been for sale or listed in a given period of time, and Homes For Sale are only those Homes that are currently on the Multiple Listing Service at that time. This is a Great Tool to use while helping a Client Sell their Mountain Home in this Shifting Market. It is an outstanding strategy tool that if used properly can give you things such as a safe but aggressive pricing strategy, it can help you to know exactly where the competition is and where you need to be. Right now the highest concentrated Homes that are being Sold in Union County is in the $160,000 to $180,000 price range. 

Read the rest of this entry »

Comments (0)