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.
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:
| Athens | ||||||
| Date | DOM | Average | Median | # sold | ||
| 1-Nov-08 | 181 | $173,224.00 | $149,838.00 | 1141 | ||
| 1-Dec-08 | 185 | $173,172.00 | $149,800.00 | 1110 | ||
| 1-Jan-09 | 184 | $173,985.00 | $149,000.00 | 1073 | ||
| 1-Feb-09 | 187 | $173,811.00 | $149,600.00 | 1061 | ||
| 1-Mar-09 | 187 | $171,941.00 | $148,000.00 | 1042 | ||
| 1-Apr-09 | 190 | $172,330.00 | $145,000.00 | 1009 | ||
| 1-May-09 | 194 | $172,007.00 | $145,000.00 | 961 | ||
| 1-Jun-09 | 200 | $171,810.00 | $145,000.00 | 901 | ||
| 1-Jul-09 | 203 | $168,160.00 | $143,000.00 | 848 | ||
| 1-Aug-09 | 203 | $161,929.00 | $140,000.00 | 818 | ||
| 1-Sep-09 | 204 | $163,222.00 | $139,500.00 | 787 | ||
| 1-Oct-09 | 205 | $162,882.00 | $139,900.00 | 772 | ||
| 1-Nov-09 | 201 | $162,511.00 | $140,000.00 | 794 |
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.
During October, 2009 the Jackson County, GA real estate market slightly in the 12 month sliding sales volume after 3 months of being virtually flat. Overall, the volume is down less than 10% from a year ago, which is one of the better performing counties in the Athens, GA area.
The average Days on Market continues to increase, up slightly over September but still not much higher than a year ago. Both median and average pricing have decreased slightly from September, continuing their slow but steady decline. It will take a couple of months of being flat before we see a price bottom in Jackson County. This decline might be attributed to an increasing number of first time home buyers entering the market and getting the $8000 tax credit as well as the high percentage of foreclosures included in the sales figures.
The number of pending sales, at the end of August, for Jackson County was 46, down 1 from the end of September.
Residential sales includes single family homes, duplexes & triplexes, condos, townhomes, mobile and manufactured homes.
| Jackson County | ||||||
| Date | DOM | Average | Median | # sold | ||
| 1-Nov-08 | 158 | $173,608.00 | $158,525.00 | 178 | ||
| 1-Dec-08 | 156 | $172,137.00 | $157,500.00 | 173 | ||
| 1-Jan-09 | 149 | $168,344.00 | $155,900.00 | 177 | ||
| 1-Feb-09 | 154 | $168,473.00 | $154,950.00 | 182 | ||
| 1-Mar-09 | 157 | $166,297.00 | $153,400.00 | 188 | ||
| 1-Apr-09 | 155 | $165,522.00 | $155,900.00 | 187 | ||
| 1-May-09 | 150 | $159,864.00 | $152,000.00 | 189 | ||
| 1-Jun-09 | 146 | $149,725.00 | $147,500.00 | 173 | ||
| 1-Jul-09 | 152 | $147,934.00 | $140,000.00 | 160 | ||
| 1-Aug-09 | 155 | $148,091.00 | $140,000.00 | 168 | ||
| 1-Sep-09 | 157 | $150,322.00 | $139,800.00 | 167 | ||
| 1-Oct-09 | 162 | $150,709.00 | $138,500.00 | 168 | ||
| 1-Nov-09 | 164 | $147,875.00 | $136,300.00 | 164 |
If you would like more information on Jackson County, or 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.
October 2009 residential real estate sales volume in Madison County GA, showed a decrease from September. This marks 3 consecutive months of declining sales volume which has reached a 12 month low. All of the declines were in North Madison County while the volume in South Madison County was unchanged.
The average Days on Market (D.O.M.) increased by more than a week throughout the county. However, North Madison County did experience a two week decrease in D.O.M. while South Madison County had a 10 day increase.
Throughout the county median prices have remained virtually flat for 8 months now showing some price stabilization. The average price, while increasing almost 2% over September has cycled within a $5000 range (4%) for seven months, again, showing some price stabilization. North Madison County did experience an almost 9% average price increase. South Madison County has maintained a virtually flat average price.
At the end of August there were 37 pending sales of residential property in Madison County. Residential properties include single family homes, duplexes, triplexes, condos, townhouses, mobile and manufactured homes.
The following tables show the sliding 12 month residential sales volume for Madison County, North Madison County and South Madison County for the last 12 monts:
| Madison County | ||||||
| Date | DOM | Average | Median | # sold | ||
| 1-Nov-08 | 201 | $141,510.00 | $139,900.00 | 181 | ||
| 1-Dec-08 | 196 | $140,307.00 | $134,810.00 | 172 | ||
| 1-Jan-09 | 193 | $139,919.00 | $136,000.00 | 166 | ||
| 1-Feb-09 | 195 | $137,423.00 | $130,391.00 | 165 | ||
| 1-Mar-09 | 193 | $134,875.00 | $130,000.00 | 165 | ||
| 1-Apr-09 | 192 | $130,813.00 | $125,500.00 | 156 | ||
| 1-May-09 | 185 | $127,390.00 | $125,000.00 | 160 | ||
| 1-Jun-09 | 181 | $128,373.00 | $125,000.00 | 150 | ||
| 1-Jul-09 | 182 | $125,901.00 | $124,900.00 | 155 | ||
| 1-Aug-09 | 192 | $127,264.00 | $125,000.00 | 161 | ||
| 1-Sep-09 | 195 | $122,511.00 | $124,900.00 | 159 | ||
| 1-Oct-09 | 199 | $123,804.00 | $125,000.00 | 154 | ||
| 1-Nov-09 | 207 | $126,309.00 | $125,000.00 | 148 |
| North Madison County | ||||||
| Date | DOM | Average | Median | # sold | ||
| 1-Nov-08 | 205 | $120,293.00 | $106,000.00 | 48 | ||
| 1-Dec-08 | 213 | $118,969.00 | $104,000.00 | 46 | ||
| 1-Jan-09 | 199 | $116,086.00 | $104,000.00 | 45 | ||
| 1-Feb-09 | 194 | $114,444.00 | $104,000.00 | 47 | ||
| 1-Mar-09 | 191 | $113,523.00 | $ 98,250.00 | 42 | ||
| 1-Apr-09 | 197 | $113,917.00 | $ 96,500.00 | 41 | ||
| 1-May-09 | 184 | $110,077.00 | $ 93,750.00 | 42 | ||
| 1-Jun-09 | 160 | $107,937.00 | $ 89,200.00 | 40 | ||
| 1-Jul-09 | 161 | $109,624.00 | $ 89,200.00 | 36 | ||
| 1-Aug-09 | 151 | $103,608.00 | $ 72,750.00 | 32 | ||
| 1-Sep-09 | 136 | $ 92,272.00 | $ 70,000.00 | 31 | ||
| 1-Oct-09 | 140 | $101,740.00 | $ 89,900.00 | 31 | ||
| 1-Nov-09 | 126 | $110,381.00 | $100,000.00 | 25 |
| South Madison County | ||||||
| Date | DOM | Average | Median | # sold | ||
| 1-Nov-08 | 200 | $149,167.00 | $149,900.00 | 133 | ||
| 1-Dec-08 | 192 | $147,016.00 | $148,448.00 | 126 | ||
| 1-Jan-09 | 191 | $148,782.00 | $148,895.00 | 121 | ||
| 1-Feb-09 | 195 | $146,575.00 | $147,329.00 | 118 | ||
| 1-Mar-09 | 194 | $142,166.00 | $141,500.00 | 123 | ||
| 1-Apr-09 | 191 | $136,838.00 | $135,000.00 | 115 | ||
| 1-May-09 | 186 | $133,552.00 | $131,446.00 | 118 | ||
| 1-Jun-09 | 188 | $135,804.00 | $131,446.00 | 110 | ||
| 1-Jul-09 | 188 | $130,825.00 | $128,000.00 | 119 | ||
| 1-Aug-09 | 203 | $133,132.00 | $128,300.00 | 129 | ||
| 1-Sep-09 | 209 | $129,834.00 | $126,200.00 | 128 | ||
| 1-Oct-09 | 214 | $129,364.00 | $126,400.00 | 123 | ||
| 1-Nov-09 | 224 | $129,546.00 | $126,000.00 | 123 |
If you would like more information on Madison County, or 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.
October 2009 residential real estate sales volume in Watkinsville, GA showed a slight rise in the 12 month sliding sales volume after a slight decline in September. For the last 3 months, volume has been hovering in a narrow range.
Annual volume is still down over 32% from a year ago. The average Days on Market (D.O.M.) is down slightly from September but still above last years average by 2 weeks. The average sales prices is almost back to what it was at this time last year, and, has been experiencing 3 months of rising after the lows of August. The median sales prices is still down from this time last year.
First time home buyers are still a strong part of the market. With the current extension, first time buyes will probably still remain a significant percentage of purchasers, and the inclusion of existing home owners qualifying for a credit will, hopefully, also contribute to a volume increase.
At the end of October there were 32 pending sales of residential property in Watkinsville, the This 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 Watkinsville over the last 12 months:
| Watkinsville | ||||||
| Date | DOM | Average | Median | # sold | ||
| 1-Nov-08 | 197 | $332,449.00 | $280,000.00 | 203 | ||
| 1-Dec-08 | 197 | $331,078.00 | $272,500.00 | 199 | ||
| 1-Jan-09 | 194 | $334,024.00 | $280,000.00 | 192 | ||
| 1-Feb-09 | 189 | $336,007.00 | $277,500.00 | 187 | ||
| 1-Mar-09 | 190 | $337,712.00 | $291,950.00 | 180 | ||
| 1-Apr-09 | 190 | $332,343.00 | $287,250.00 | 176 | ||
| 1-May-09 | 183 | $336,594.00 | $294,000.00 | 169 | ||
| 1-Jun-09 | 191 | $328,256.00 | $277,500.00 | 157 | ||
| 1-Jul-09 | 190 | $322,206.00 | $265,000.00 | 151 | ||
| 1-Aug-09 | 204 | $309,087.00 | $264,900.00 | 163 | ||
| 1-Sep-09 | 206 | $320,788.00 | $264,323.00 | 156 | ||
| 1-Oct-09 | 216 | $327,384.00 | $270,000.00 | 154 | ||
| 1-Nov-09 | 211 | $331,129.00 | $270,000.00 | 157 |
If you would like more information on Watkinsville, 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 Watkinsville please visit my The Athens Real Estate Page website.
 |
|
|
Dedicated to providing you the best professional services in buying or selling your home in Athens-Clarke County and the surrounding areas. Call me at 706 207 5290.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
