Madison County GA March 2011 Real Estate Market Report and Activity

Crawford W. Long Statue

Behind Historic Madison County Ga Courthouse

During the month of March 2011, the Madison County Ga real estate market had the most active month for total sales since June of 2010. Only this year, the sales were not driven by the need to close on homes by the end of June in order to get the Home Buyers Tax Credit.

At the end of March, there were 314 active listings in Madison County. 155 of those were residential listings and 136 farm, lot and land listings. 34 of the residential listings and 30 of the farm, lot and land listings are REO/foreclosure properties while another 3 of the residential listings are short sales.In addition, there are 31 listings under contract and pending sale, 22 residential and 7 farm/lot and land listings.

During March there were 17 total real estate sales, all of which were residential. Of those 17 sales,  9 were REO/Foreclosure sales. There were no short sales of any type in Madison County during March 2011.

Residential listings include single family homes, town homes, condos, mobile homes and modular homes. Farm, lot and land listings include residential lots (developed or undeveloped), farms, acreage and undeveloped land. The other listings not detailed include multi-family units, commercial properties, industrial properties, etc. and are included in the total listings but not broken out in the details. All real estate market information in this post is derived from data in the Athens Area Association of Realtors® multiple listing service (MLS).

Madison County Ga real estate activity includes the towns of Hull, Danielsville, Colbert, Carlton, Comer & Ila as well as the unincorporated areas as well as the parts of Nicholson that are within the boundaries of Madison County.