TheFrontPorchView.com

• Home
• Featured Properties
• Home Search
• Your Homes Value
• About Me
• Contact Me

April 5th, 2010Categories: Blue Ridge Georgia Real Estate reVIEWS, Georgia Mountain Market reVIEWS

The Median SOLD Price for Homes Sold In Fannin County was down 1% or $1,500 from April of 2009. January of 2010 was a great month for Median Sold Prices, it spiked to nearly $250,000. Not much change for the Median Price on Homes For Sale In Blue Ridge. The Median Price For Sale was down 4% or $11.500.  There was only 1 less Home Sold in March of 2010 over a year ago which had a total of 27 units, this was a change of 4%.

The GREAT News is that the number of properties that have gone under contract during the Month of March, but have not yet closed is up a staggering 105%!  There are currently 41 Homes Under Contract in Blue Ridge, GA., a change of 21 from a year ago. This is promising news that sheds some light on what the economists that I have heard have been saying.  The consensus is that we have a lot of Buyers with money in their pockets  just waiting on Spring and beautiful weather. It is a gorgeous Spring Day, boy do I hope they are right!

The number of Newly Listed Homes in Fannin County is down 5%, and the Total number of Properties that are being offered For Sale is down 13%, a drop of 137 units. The number of Expired Listings, listings that were not renewed or that is not currently back on the market was also down by 7 units for a Total of a 7% change. The Supply and Demand Graph within this Residential Market Report really paints the picture of what we have been seeing here in the North Georgia Mountain Real Estate Market.

Some more good news is that the number of Days On Market (DOM) is down 21% to 122 Days. This is basically saying that of the Homes Sold In Blue Ridge, GA., they were only on the Market for a total of 122 Days before going under contract to be purchased.  Also because of the number of  Homes For Sale in Blue Ridge Georgia being down and the number of units that were Sold being up, the Months Supply of Inventory is down 59% to only 18 and a half months.

If you have any questions or concerns about anything that you have seen or read within this North Georgia Real Estate Market Report, please feel free to Contact Me, or simply pick up the phone and give me a call now at 706.994.8686. Thank You so much for visiting me on “The Porch.” Please come back and visit as often as you like, you are always welcome.

Make it a AWESOME day!

Tags: Blue Ridge Georgia, Business and Economy, Days on market, Homes For Sale, Market Report, North Georgia Mountain, Real Estate, Sold, Supply and Demand

Written by Chad Lariscy//Discussion: Please leave a comment.

Subscribe to Blog Contact Me Search for Homes Daily List Alert

March 23rd, 2010Categories: Blairsville Georgia Real Estate reVIEWS, Georgia Mountain Market reVIEWS

As you can see from the above report, the Median Sales Price for Homes Sold in Blairsville, GA. continues to fall. There was a change of $21,525, down 14% from February of 2009. This is due mostly in part to the Short Sales and Foreclosures that continue to plague both our Residential Market, and even more so our Vacant Lots and Acreage Market. I will be sharing that report in a later post.

The good news is because of the amount of Short Sales and Foreclosures, the number of units SOLD is up 18%. Only a change of 3, but 18% sounds so much better. There was no change this month over a year ago for number of properties that went under contract. The number of homes under contract year over year in February was 20.

The number of new homes being listed in Union County is down 31%. We had 27 fewer residential listings hit the market in Blairsville Georgia in February 2010 over last year. This is mainly due in part to New Construction coming to a near halt. Along with number of new listings going down, the total number of Properties For Sale in Blairsville was down 14% as well.

Our average Days On Market (DOM) for Homes Listed In Blairsville was up 32%, an added 47 days from the previous 149 from a year ago to a total of 196 average days on market. However with the drop in Inventory and a slight increase in Demand, our Month Supply of Inventory, better known as our Absorption Rate is down 14% to roughly 31 months.

If you have any questions or concerns from this North Georgia Real Estate Market Report, please Contact Me, or simply pick up the phone and give me a call at 706.994.8686. I appreciate you taking a moment to read this report, and please come back up on “The Porch” each and every time that you have the opportunity. You are always welcome here.

Make it a Great Day!

Tags: Blairsville, Business and Economy, Days on market, Foreclosure, Market Report, Real Estate, Residential, Short Sale, Union County

Written by Chad Lariscy//Discussion: Please leave a comment.

Subscribe to Blog Contact Me Search for Homes Daily List Alert

November 3rd, 2009Categories: Blairsville Georgia Real Estate reVIEWS, Georgia Mountain Market reVIEWS, Georgia Mountain Real Estate VIEWS

Much like the Fannin County Residential Market Report, we have some positive news as well as some not so good news. I would like to begin with the not so good news and end this post on a positive note. Seller’s are continuing to be plagued with the Foreclosure and Short Sale Markets. The median Sold Price for Union County is down 25%. That is a change of almost $50,000 from October of 2008. Our average days on market for the Homes For Sale In Blairsville, GA. is up 35%. Since August of this year, we have seen a decrease each month in the number of days on market which is again mostly due in part to the number of Foreclosures and the aggressive pricing that the Banks are placing on their REO’s.

That’s all for the negative, isn’t that nice? Now for some good news. The number of Homes Sold in Blairsville Georgia continues to climb. Union County home sales are up 18%, which sounds a lot better than if I were to say 4 more than October of 2008. It is still positive news any way you slice it. The Residential Inventory in Union County is decreasing each month, down 15% or 137 fewer Homes For Sale this October. The number of Homes that are Under Contract or that have gone Pending is also up 7%, a change of 2 from last October. With new construction still very slow, our number of new properties listed are way down, 37% which is 40 less new listings than we had a year ago. This may not sound like good news, but I actually believe it is. We have  a lot of old inventory that we desperately need to get rid of so that more and more new construction can begin again. Finally, our Absorption Rate is down 17%. This tells us the number of months that it would take to sell all the Residential Inventory that we currently have at current market conditions. Right now that number is 23 months.

Thanks so much for coming up on “The Porch” for another North Georgia Mountain Market Report. I really appreciate it and hope that you do come back again real soon. If you know of someone looking to Buy or Sell North Georgia Mountain Real Estate, I would be grateful if you would pass along to them My Contact information. Even better, forward them this post or a link to The Front Porch View.

Tags: Blairsville Georgia, Days on market, Foreclosure, Homes For Sale, Listings, Market Report, Real Estate, Residential, Short Sale, Sold, Union County

Written by Chad Lariscy//Discussion: Please leave a comment.

Subscribe to Blog Contact Me Search for Homes Daily List Alert