North Georgia Blue Ridge Mountains Real Estate Market Watch - January 2008

North Georgia Blue Ridge Mountains Market Watch - January 2008
Donna Yates, Georgia Realtor | North Georgia Blue Ridge Mountains

Fannin | Gilmer | Union | Towns | Pickens Counties

Single Family Residential Home Sales
January 2008 compared to January 2007 
Data source:  Northeast Georgia Multiple Listing Service as of February 2, 2008

• Average Sold Price was DOWN in January 2008 compared to January 2007
• Median Sold Price was UP in January 2008 compared to January 2007
• Number of homes sold was DOWN in January 2008 compared to January 2007
• Days on the market was UP in January 2008 compared to January 2007

• Average Sold Price was DOWN in January 2008 compared to January 2007
• Median Sold Price was DOWN in January 2008 compared to January 2007
• Number of homes sold was DOWN in January 2008 compared to January 2007
• Days on market was UP in January 2008 compared to January 2007

• Average Sold Price was UP in January 2008 compared to January 2007
• Median Sold Price was DOWN in January 2008 compared to January 2007
• Number of homes sold was DOWN in January 2008 compared to January 2007
• Days on market was UP in January 2008 compared to January 2007

• Average Sold Price was DOWN in January 2008 compared to January 2007
• Median Sold Price was DOWN in January 2008 compared to January 2007
• Number of homes sold remaind the SAME in January 2008 compared to January 2007
• Days on market was UP in January 2008 compared to January 2007

• Average Sold Price was UP in January 2008 compared to January 2007
• Median Sold Price was DOWN in January 2008 compared to January 2007
• Number of homes sold was DOWN in January 2008 compared to January 2007
• Days on market was DOWN in January 2008 compared to January 2007

Overall Market News for all counties combined (as of February 3, 2008):

• 2782 single family homes are currently available for sale; 34 homes are contingent; 146 homes are pending
   
• 63 single family homes sold in January 2008 compared to 113 homes sold in January 2007
  
• Average Days on Market are 153 days in January 2008 compared to 113 days in January 2007
  
• On average, sellers are getting 94.18% of their list price in January 2008 compared to 96.22% in January 2007.  Buyers making offers much lower than this are not as likely to get an acceptance on a property in good to excellent condition.
  
• Average Sold price is $227,087 in January 2008 DOWN from $247,965 in January 2007
  
• Average median Sold price is $190,000 in January 2008 DOWN from $220,000 in January 2007

Disclaimer:  All market data contained herein is deemed accurate and reliable but is not guaranteed.

Copyright:  Donna Yates Georgia Realtor | North Georgia Blue Ridge Mountains   February 3, 2008

Donna Yates, Georgia Realtor serving North Georgia Blue Ridge Mountains
Mountain Investments of North Georgia
706-633-0644 cell
www.move2northgeorgia.net
donna@ellijay.com