The Greater Augusta Association of Realtors covers the counties of Burke, Columbia, Glascock, Jefferson, Jenkins, Lincoln, McDuffie, Richmond, Warren and Wilkes in Georgia and Abbeville, Aiken, Allendale, Barnwell, Edgefield, Greenwood, McCormick and Saluda in South Carolina.
The absorption rate for this entire area was 13.6 months for the month of February. Since I don't cover all of these counties in my business, I thought it would be more useful to point out the absorption rate for the area that I focus on the most: Columbia County. I do work in Richmond and Aiken counties as well, but I really prefer Columbia County because I live there and know it very well.
Columbia County is divided in our MLS into 4 quadrants:
Quadrant 1 centers around the town of Appling, GA and includes the neighborhoods of Windmill Plantation, Riverwood Plantation, Kiokee Ridge, Wood Creek, Lake Cumberland and Keg Creek.
Quadrant 2 consists of Martinez and Evans and includes neighborhoods such as Jones Creek, Knob Hill, Orchard Hill, Chaparral, Stratford, Sumter Landing, Northridge, Heritage Hill, Farmington, River Island, Tudor Branch, High Meadows, West Lake, River Birch Landing, Brookwood Glen, Bartram Trail, Springlakes, Ivy Falls, Rivershyre and Watervale.
Quadrant 3 centers around Harlem, GA and includes the neighborhoods of Cornerstone Creek, Hardy Station, Ansley Place and The Village at Sandy Run Creek.
Quadrant 4 centers around the city of Grovetown, GA and includes such neighborhoods as Main Street, Indian Springs, Northlake, Canterbury Farms, Euchee Creek, Creek Bend, Pamir Place, Pepper Hill and Grove Landing.
When the county is broken down into these quadrants, I came up with the following absorption rates (based on data obtained from the Greater Augusta Association of Realtors MLS, which comes with no warranties and no guarantees):
Appling, GA (quadrant 1) shows a 14.8 month absorption rate. Martinez and Evans, GA (quadrant 2) show a 11.0 month absorption rate. Harlem, GA (quadrant 3) shows a 18 month absorption rate Grovetown, GA (quadrant 4) shows a 13.9 month absorption rate. As a reminder, the absorption rate is the amount of time that it would take all of the active listings to sell in a particular area at the current rate that they are selling. In a future post, I'll tackle the absorption rate numbers for Richmond County...
For more information, please visit my website at www.AugustaGALiving.com.
Thanks!
Stacie Wells
stacie@staciewells.com
706-373-4663
@AugustaGALiving on Twitter
Although we're not quite through the 1st quarter of 2009, I feel compelled to share the current market stats as compared to the 1st Quarter Market Stats of 2008. We've had some big changes during the last 12 months...
We're still deep in a Buyer's Market, with over 13 months worth of inventory. In fact, January '09 had the highest absorption rate that I've seen since I started my real estate career in 2002.
Other statistics worth noting (as reported by the MLS of the Greater Augusta Association of Realtors):
For more information on Augusta, GA, including the Columbia County areas of Evans, Grovetown, and Martinez, visit www.AugustaGALiving.com
Sundays have to be my absolute favorite day of the week, especially in the fall and spring. There are so many great oportunities for relaxation. One thing that my family can typically count on is the arrival of the hot air balloons on Sunday afternoon. We were lucky enough to see one taking off a few weeks ago in a big field behind the Kroger in Evans. Somedays we see 2 or 3 floating in the sky over Martinez/Evans, but today we only saw one. We also saw a paraglider sailing high above the treetops today(brave soul). My kids' favorite activity usually involves heading to the Greeneway or the towpath at the Augusta Canal. Whether you like biking or walking, these are definitely the places to go. I believe the Greeneway in N. Augusta is about 12 miles from end to end. The paved trail winds through neighborhoods and at one point provides great views of the Savannah River. The Augusta Canal is a great choice for birdwatchers. The unpaved path along the Canal is the original towpath used to guide boats down the Canal toward the city of Augusta. It's several miles long as well. Here's to enjoying lazy Sundays in Augusta - I'd love to have you share your favorites with me!
Now that's news! There was a much welcomed front page headline in the Augusta Chronicle today. There it was in black and white how Augusta has maintained growth (albeit limited) in times when national numbers have plummeted. I think this can in part be credited to the consistently moderate growth patterns that the Augusta area has had. Historically, we've seen 5-7% annual increases when other areas were posting 20-30 percent increases. Those areas with explosive price increase are now taking equally explosive hits.
As a Realtor, I was ecstatic to see this news in print. We've been so bombarded with negative press over the last year that it's been hard to convince clients, friends, and family otherwise. We've tried to explain how relatively stable the housing market is here in Augusta. We've tried to explain that even though we're seeing changes in market numbers, that we're not in a dive. The housing world as we know it is not coming to an end. (That comment came from a fellow Realtor and not a client :) Bottom line: the skyrocketing appreciation rates crossed paths with the affordability index and the affordability index won! Sure we'll have sluggish numbers for a while - only a crystal ball will tell how long for sure - but that's to be expected. What goes up must come down. How fortunate are the homeowners in Augusta that we're seeing a dip and not a valley!
Hang tight Augusta- you're in a great position...
June 11: Curious George (G)
June 18: Madagascar (PG)
June 25: Herbie Fully Loaded (G)
Free admission at the Performing Arts Center in Evans, showtime is at 1pm, tickets available at 12pm - Limited seating - only bottled water allowed. For more information, call (706)312-7191.
See you there!
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I live in & love Columbia County, GA. I'm mom to a Little Leaguer and a Girl Scout, wife of an engineer, and I absolutely LOVE photography. Don't forget to look me up on Twitter @AugustaGALiving
Stacie Wells has resided in the Augusta area for the past 8 years. Having lived previously in Mississippi, she married her husband, Kevin, in 1999, and moved to Martinez, GA to join him. Kevin works as a Chemical Engineer at SRS. They now live in the Martinez/Evans area, and have two children who attend Lewiston Elementary in the Evans school district.
Stacie's background is in the medical community. She has a B.S. in Biology from Belhaven College in Jackson, MS, and has a certificate in Medical Technology from Mississippi Baptist Medical Center. She previously worked as a Medical Technologist in the Blood Bank at Medical College of Georgia.
Stacie has been a successful real estate consultant for the past five years. She was honored with the "Rookie of the Year" award from Keller Williams Realty Augusta Partners. She was also awarded the "WI4C2TS" award at the Keller Williams Realty Southeast Region Awards. This award is presented to the Associate who best exemplifies the culture of Keller Williams Realty: Win-win or no deal; Integrity - Do the right thing; Customers - Always come first; Commitment - In all things; Communication - Seek first to understand; Creativity - Ideas before results; Teamwork - Together Everyone Achieves More; Trust - Starts with honesty; Success - Results through people. In 2006, Stacie was ranked as the top selling agent in the KW Augusta Partners office.
Each of Stacie's team members have their own specialty and work hard to make sure they're providing the best service possible to all their clients, including their fellow Realtors®.
Stacie has over 2 years experience in new construction sales and marketing, having worked as Site manager and director of marketing for Elderberry subdivision, a Collier Construction Co. community. Stacie also enjoys listing and marketing existing homes, and has earned her CRS, ABR, an e-Pro designations.
Lisa Marie McLendon is the newest member of the Wells team. She has over 15 years of Sales and Marketing experience. She and her husband live in Evans with their two children, Aaron 10 and Ansley 8. They are members of Lakemont Presbyterian Church. Lisa Marie loves volunteering as active Girl Scout Leader and serves as Outstanding Leader Coordinator for the Harlem-Greenbriar Service Unit. Prior to joining Keller Williams, Lisa Marie was awarded Outstanding Customer Service for 2005. She is well known among realtors and clients for her determination and integrity. Lisa Marie enjoys working closely with each of her clients to make sure that their interest are best represented and their home purchase is seamless.
You can find Stacie on a variety of networking and real estate websites including
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