North Georgia Mountain Real Estate March 2008 Market Report

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Active Listings

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Avg Sales Price

Avg DOM

Sold To List Percentage

posted by Chad Lariscy

This entry was posted on Wednesday, April 16th, 2008 at 1:22 PM and is filed under Georgia Mountain Market reVIEWS, Georgia Mountain Real Estate VIEWS. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Kathy said at April 17th, 2008 at 11:36 AM
Hi Chad,
I was interested to see that your land stats seem to echo those in my market. Land inventory is very high. Several years ago we had little bare land to choose from. Supply was low while demand was growing. This naturally drove prices higher. Developers saw an opportunity and started picking up large parcels and creating new neighborhoods. Now demand has softened, land loans are more difficult and some new neighborhood have not completed the approval process. That means even more building lots are on the way.
Yikes!
Brad Nix said at April 17th, 2008 at 6:35 PM
Chad:

Love the look of this chart! How did you create it?

Thanks for the compliments on our blog rankings and keep up the good work in the mountains.
Chad said at April 21st, 2008 at 9:14 AM
Kathy,

That is exactly what has heppened here as well, you hit the nail on the head! Now we just have to wait out the correction in the Market.

Chad
Chad said at April 21st, 2008 at 9:16 AM
Brad,

I just picked up a new MacDaddy Mac! I did those in no time on Keynote. Thank you for the compliment as well!

Make it a GREAT day!

Chad

The Mountain Life Team