Market Conditions February 2012

Thinks may be starting to turn around at last. Three of my listings sold in January. Two of them were in Dahlonega and the other in Dawsonville. None of them were foreclosures however the one in Dawson was a short sale. I have two closings set for February, those two are not my listings They are foreclosures that I have found the buyer for. The number of homes on the market has dropped. We were averaging a little over 330 homes for sale in the county. We now only have a little over 200 active listings.

I have several buyers actively looking for a home that I can't find what they are looking for.

Some of the foreclosures that come on the market are actually getting multiple offers and sell above asking price. There was on that came on the market for $22,000 a couple of weeks ago that drew multiple offers. The listing agent said she had 12 offers on that property. I submitted a offer for $28,000 on it and still got out bid. I spoke with another realtor friend who submitted $34,500 on that same property and he got out bid as well. It will be interesting to see what it actually closes for.

My personal listing inventory is down to the point that I need to get some new listings to advertise. If you know of anyone that needs to sell I would greatly appreciate it if you would pass my name and number on to them.

Posted Sunday Feb 12