Athens, GA

The following charts show the month to month residential real estate sales volume of the Greater Athens Ga metropolitan area for the months of June through September 2009.

Chart 1 shows the trends for both the number of residential units sold and the average number of Days on Market (D.O.M.) for those units. After a two month trend downward, the sales volume rose slightly in October while the average D.O.M. decreased slightly after a two month increase.

The total number of units sold in October was 112, up 6 units from September. D.O.M. fell to 197 days, down almost 3 weeks from the 215 days in September. Both are positive indicaters.

Chart 1:

The second chart is tracking both the average and the median price of residential sales in the greater Athens metropolitan area. The average price rose sligthly from $186,702.00 to $189,764.00 but is still relatively flat for the monitoring period. The median price, however, showed a sharp increase of almost $22,000 from $143,400.00 to $165,000.00.

Chart 2:

The Greater Athens Metropolitan area, for this report, includes Athens-Clarke County, Oconee County, Oglethorpe County, Jackson County and Madison County. All figures come from the Athens Area Association of Realtors® multiple listing service (MLS).

For more information about real estate in the Athens, GA area, or, if you are looking to buy or sell real estate in the Athens Ga area and surrounding counties, please call me at 706-207-5290, or, you can click here to email me with any questions. To search for homes, land and other real estate in the Athens Ga area please visit my website, The Athens Real Estate Page.

Most of us consider the upcoming holiday season to be a time for family, gift-giving and food. However, the Athens community has many families that dread the holiday season because they don’t have access to those same items that many of us take for granted.
I have a huge heart for kids when it comes to charitable giving, because kids are usually products of their environment and have no means to better themselves. So, each holiday season, I adopt “Angels” from the Salvation Army.
This program allows you to buy Christmas gifts (clothes, toys, etc) for a specific child that might otherwise not receive many, or any, gifts. The Salvation Army will provide their names and sizes, and you buy the gifts. If you enjoy shopping, you can sponsor a local child and dropoff at the local Salvation Army location. “I don’t have time to go shopping” is not an excuse, because you can adopt an angel and shop for them online. And, if you don’t like shopping in person or online, call us at Atlas … we will gladly volunteer our time and do the shopping for you, if you’d rather just make a monetary donation.
It’s a great program, and I strongly encourage you to participate. Help make a difference in the Athens, GA community and more importantly in the life of a child.

October 2009 residential real estate sales volume in Athens - Clarke County, GA showed the first increase in the 12 month sliding sales volume for more than a year. While only 2.8%, the increase is a postive sign that perhaps the Athens, GA market is stabilizing, if not improving. Also, as volume went up, the average Days on Market (D.O.M.) dropped by 4 days, another positive indicator.

Both the average and median sales price of homes remainded flat from September, however, both the median and average prices are down just over 6% from a year ago.This is probably driven by two factors: 1) the number of foreclosures and short sales on the market; 2) first time homebuyers taking advantage of the $8000 tax credit.

At the end of September there were 148 pending sales of residential property in Athens - Clarke County, up 5 from the September figures. Residential properties include single family homes, duplexes, triplexes, condos, townhouses, mobile and manufactured homes.

The following table shows the sliding 12 month residential sales volume in Athens-Clarke County over the last 12 months:

If you would like more information on Athens-Clarke County, GA, or you are interested in buying or selling your home there, please call me at 706-207-5290. Or you can click here to email me with your inquiries. To search for homes in Jackson County you, please visit my website.

Both the house and senate have agreed to extend the $8000 first-time homebuyer tax credit through May 1st, 2010. In addition, ANY homeowner that’s lived in their home for 5 of the past 8 years can now also claim a $6,500 rebate as well.
This is big news for those of us in the real estate community, as this credit seems to be the driving motivation behind a large percentage of recent home-buying decisions. Please let me know if you’re interested in more specific info on this credit, or if you’d like to take advantage of this incredible opportunity in the Athens, GA real estate market.

In Athens -Clarke County, GA, for the week ending Nov. 1, 2009 the real estate market in Athens, Ga. looks like this:

There are 1563 active listings of which 1288 are residential, 16 are farm and land. This is increase of 5 listings from the previous reporting period.

There are 148 listings under contract. This number is 13 fewer than the previous period.

There have been 7 closed sales duiring the period of Oct. 26 - Nov. 1, 2009, all of which were residential. This is thesame number of closed transactions as in the previous period.

For more information on Athens, GA or if you are interested in buying or selling your home there, please call me at 706-207-5290. Or you can click here to email me with your inquiries. To search for homes in Athens, please visit my website The Athens Real Estate Page.

Note: All data is taken from the Athens Area Association of Realtors MLS system and accurate as of one day after the reporting period. Athens-Clarke County market data includes the City of Athens, the town of Winterville and the remaining areas of Clarke County.