North Georgia Mountain 2 Year Residential Market Report

8/8/2019 North Georgia Mountain 2 Year Residential Market Report

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01/04/2011Clarus MarketMetrics®

Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

Chad LariscyBlairsville Realty

Market Dynamics

1 of 21



Dec-10

153,000

Dec-08

190,750

%

-20%

Change

-37,750

Dec-08 vs. Dec-10: The median sold price is down 20%Median Sold Price by Month

Blairsville Realty

Dec-08 vs. Dec-10

Chad Lariscy

Clarus MarketMetrics® 1 of 2 01/04/2011


AllBathrooms:MLS: AllAll

Sq Ft:

Fannin, Gilmer, Towns, Union

Residential: (Single Family Residential Detached)

Period: All All

Property Types:

Counties:

All

Construction Type:Price: Lot Size:Bedrooms:2 years (monthly)NEGMLS

2 of 21



Median Sold Price by MonthDec-08 vs. Dec-10: The median sold price is down 20%

Blairsville RealtyChad Lariscy

Time Period Median Price # Units Average DOM

Dec-10 153,000 117 170

Nov-10 155,000 118 178

Oct-10 151,000 140 173

Sep-10 143,000 108 175

Aug-10 158,800 113 140

Jul-10 145,000 105 170

Jun-10 148,500 98 138

May-10 156,000 107 122Apr-10 159,500 100 156

Mar-10 157,000 96 157

Feb-10 159,250 74 143

Jan-10 160,500 78 158

Dec-09 178,500 118 174

Nov-09 166,500 104 173

Oct-09 165,000 113 161

Sep-09 172,000 107 171

Aug-09 171,000 131 175

Jul-09 204,000 110 164

Jun-09 175,000 113 163

May-09 162,500 84 125

Apr-09 191,675 72 152

Mar-09 157,000 82 144

Feb-09 179,000 72 177

Jan-09 175,000 61 132

Dec-08 190,750 86 165



3 of 21



Dec-08 vs. Dec-10: The median price of for sale properties is down 16% and the median price of sold properties is down 20%

Blairsville Realty

Dec-08 vs. Dec-10

249,900 -16%

Chad Lariscy

209,238

Dec-10

Median For Sale vs. Median Sold

ChangeDec-08 %

-40,662

Dec-08 Dec-10 %

190,750 -20%

Dec-08 vs. Dec-10

153,000

Change

-37,750




Sq Ft:



Period: All All

Property Types:

Counties:

All


4 of 21



Median For Sale vs. Median SoldDec-08 vs. Dec-10: The median price of for sale properties is down 16% and the median price of sold properties is down 20%


Time Period For SaleMedian SoldMedianFor Sale # Properties # PropertiesSold Price

Difference

Dec-10 2,556 117209,238 153,000 -56,237

Nov-10 2,810 118209,000 155,000 -54,000

Oct-10 3,037 140204,900 151,000 -53,900

Sep-10 3,089 108207,000 143,000 -64,000

Aug-10 3,162 113200,000 158,800 -41,200

Jul-10 3,191 105207,000 145,000 -62,000

Jun-10 3,136 98209,900 148,500 -61,400

May-10 3,051 107215,000 156,000 -59,000

Apr-10 3,013 100219,000 159,500 -59,500

Mar-10 2,979 96215,000 157,000 -58,000

Feb-10 2,850 74219,000 159,250 -59,750

Jan-10 2,986 78219,900 160,500 -59,400

Dec-09 3,036 118225,000 178,500 -46,500

Nov-09 3,173 104225,000 166,500 -58,500

Oct-09 3,277 113229,000 165,000 -64,000

Sep-09 3,298 107229,000 172,000 -57,000

Aug-09 3,345 131229,000 171,000 -58,000

Jul-09 3,397 110234,900 204,000 -30,900

Jun-09 3,380 113239,000 175,000 -64,000

May-09 3,354 84239,000 162,500 -76,500

Apr-09 3,260 72238,000 191,675 -46,325

Mar-09 3,223 82239,750 157,000 -82,750

Feb-09 3,134 72239,900 179,000 -60,900

Jan-09 3,290 61249,500 175,000 -74,500

Dec-08 3,295 86249,900 190,750 -59,150

Clarus MarketMetrics® Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

2 of 2 01/04/2011

5 of 21



Dec-10

117

Dec-08

86

%

+36%

Change

31

Dec-08 vs. Dec-10: The number of Sold properties is up 36%Sold Properties by Month

Blairsville Realty

Dec-08 vs. Dec-10

Chad Lariscy




Sq Ft:



Period: All All

Property Types:

Counties:

All


6 of 21



Sold Properties by MonthDec-08 vs. Dec-10: The number of Sold properties is up 36%


Time Period # Properties Median Price Average DOM

Dec-10 153,000117 170

Nov-10 155,000118 178

Oct-10 151,000140 173

Sep-10 143,000108 175

Aug-10 158,800113 140

Jul-10 145,000105 170

Jun-10 148,50098 138

May-10 156,000107 122Apr-10 159,500100 156

Mar-10 157,00096 157

Feb-10 159,25074 143

Jan-10 160,50078 158

Dec-09 178,500118 174

Nov-09 166,500104 173

Oct-09 165,000113 161

Sep-09 172,000107 171Aug-09 171,000131 175

Jul-09 204,000110 164

Jun-09 175,000113 163

May-09 162,50084 125

Apr-09 191,67572 152

Mar-09 157,00082 144

Feb-09 179,00072 177

Jan-09 175,00061 132Dec-08 190,75086 165

Clarus MarketMetrics® 2 of 2 01/04/2011Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

7 of 21



Dec-10

112

Dec-08

66

%

+70%

Change

46

Dec-08 vs. Dec-10: The number of Under Contract properties is up 70%Under Contract Properties by Month

Blairsville Realty

Dec-08 vs. Dec-10

Chad Lariscy




Sq Ft:



Period: All All

Property Types:

Counties:

All


8 of 21



Under Contract Properties by MonthDec-08 vs. Dec-10: The number of Under Contract properties is up 70%


Time Period # Properties Median Price Average DOMDec-10 166,444112 143

Nov-10 165,400120 164

Oct-10 159,900145 190

Sep-10 161,950142 172

Aug-10 159,900131 173

Jul-10 175,000115 147

Jun-10 169,00095 170

May-10 149,90096 114Apr-10 174,950120 151

Mar-10 165,000105 130

Feb-10 184,90079 159

Jan-10 177,00072 154

Dec-09 179,90094 169

Nov-09 199,900111 165

Oct-09 176,000107 169

Sep-09 169,750121 167Aug-09 195,000117 188

Jul-09 198,750122 158

Jun-09 219,450122 188

May-09 184,950110 136

Apr-09 179,90081 139

Mar-09 204,45078 162

Feb-09 169,90070 130

Jan-09 199,90086 154Dec-08 198,25066 168


9 of 21



Dec-10

161

Dec-08

240

%

-33%

Change

-79

Dec-08 vs. Dec-10: The number of New properties is down 33%New Properties by Month

Blairsville Realty

Dec-08 vs. Dec-10

Chad Lariscy




Sq Ft:



Period: All All

Property Types:

Counties:

All


10 of 21



New Properties by MonthDec-08 vs. Dec-10: The number of New properties is down 33%


Time Period # Properties Median PriceDec-10 178,000161

Nov-10 189,900219

Oct-10 189,000283

Sep-10 194,700318

Aug-10 199,450332

Jul-10 194,900365

Jun-10 189,900390

May-10 199,000384Apr-10 219,900390

Mar-10 198,400401

Feb-10 199,900299

Jan-10 199,900315

Dec-09 199,900223

Nov-09 199,000255

Oct-09 206,250336

Sep-09 198,250350Aug-09 199,500356

Jul-09 219,900358

Jun-09 225,000365

May-09 239,900401

Apr-09 229,900391

Mar-09 219,450400

Feb-09 224,900340

Jan-09 237,000407Dec-08 229,450240


11 of 21



Dec-10

2,556

Dec-08

3,295

%

-22%

Change

-739

Dec-08 vs. Dec-10: The number of For Sale properties is down 22%For Sale Properties by Month

Blairsville Realty

Dec-08 vs. Dec-10

Chad Lariscy




Sq Ft:



Period: All All

Property Types:

Counties:

All


12 of 21



For Sale Properties by MonthDec-08 vs. Dec-10: The number of For Sale properties is down 22%


Time Period # Properties Median Price Average DOMDec-10 209,2382,556 244

Nov-10 209,0002,810 257

Oct-10 204,9003,037 271

Sep-10 207,0003,089 285

Aug-10 200,0003,162 297

Jul-10 207,0003,191 310

Jun-10 209,9003,136 323

May-10 215,0003,051 334Apr-10 219,0003,013 343

Mar-10 215,0002,979 353

Feb-10 219,0002,850 368

Jan-10 219,9002,986 373

Dec-09 225,0003,036 377

Nov-09 225,0003,173 371

Oct-09 229,0003,277 368

Sep-09 229,0003,298 370Aug-09 229,0003,345 372

Jul-09 234,9003,397 370

Jun-09 239,0003,380 371

May-09 239,0003,354 371

Apr-09 238,0003,260 373

Mar-09 239,7503,223 373

Feb-09 239,9003,134 379

Jan-09 249,5003,290 372Dec-08 249,9003,295 372


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Dec-10

441

Dec-08

346

%

+27%

Change

95

Dec-08 vs. Dec-10: The number of Expired properties is up 27%Expired Properties by Month

Blairsville Realty

Dec-08 vs. Dec-10

Chad Lariscy




Sq Ft:



Period: All All

Property Types:

Counties:

All


14 of 21



Expired Properties by MonthDec-08 vs. Dec-10: The number of Expired properties is up 27%


Time Period Median Price# Properties Average DOMDec-10 225,000441 297

Nov-10 225,000295 279

Oct-10 220,000301 281

Sep-10 210,000193 264

Aug-10 219,000260 261

Jul-10 227,000246 282

Jun-10 239,000215 282

May-10 225,000209 254Apr-10 229,900226 261

Mar-10 235,000251 283

Feb-10 239,000193 276

Jan-10 246,000363 299

Dec-09 250,000271 274

Nov-09 249,900249 246

Oct-09 229,000252 250

Sep-09 245,900236 278Aug-09 229,900280 264

Jul-09 254,950286 277

Jun-09 245,000219 256

May-09 255,000229 245

Apr-09 249,950226 230

Mar-09 259,450276 255

Feb-09 260,000241 261

Jan-09 276,400410 240Dec-08 269,900346 244


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Dec-08 vs. Dec-10: The number of for sale properties is down 22% and the number of sold properties is up 36%

Blairsville Realty

Dec-08 vs. Dec-10

3,295 -22%

Chad Lariscy

2,556

Dec-10

Supply & Demand by Month

ChangeDec-08 %

-739

Dec-08 Dec-10 %

86 +36%

Dec-08 vs. Dec-10

117

Change

31



Sq Ft:



Period: All All

Property Types:

Counties:

All


16 of 21

Ch d L i Bl i ill R lt



Supply & Demand by MonthDec-08 vs. Dec-10: The number of for sale properties is down 22% and the number of sold properties is up 36%

Chad Lariscy Blairsville Realty

Time Period For SaleFor Sale SoldSold# Properties Average DOM Average DOM# Properties

Dec-10 244 1702,556 117

Nov-10 257 1782,810 118

Oct-10 271 1733,037 140

Sep-10 285 1753,089 108

Aug-10 297 1403,162 113

Jul-10 310 1703,191 105

Jun-10 323 1383,136 98

May-10 334 1223,051 107

Apr-10 343 1563,013 100

Mar-10 353 1572,979 96

Feb-10 368 1432,850 74

Jan-10 373 1582,986 78

Dec-09 377 1743,036 118

Nov-09 371 1733,173 104

Oct-09 368 1613,277 113

Sep-09 370 1713,298 107

Aug-09 372 1753,345 131

Jul-09 370 1643,397 110

Jun-09 371 1633,380 113

May-09 371 1253,354 84

Apr-09 373 1523,260 72

Mar-09 373 1443,223 82

Feb-09 379 1773,134 72

Jan-09 372 1323,290 61

Dec-08 372 1653,295 86


17 of 21




Dec-10

143

Dec-08

168

%

-15%

Change

-24

Dec-08 vs. Dec-10: The average days on market is down 15%The Average Days on Market by Month

Blairsville Realty

Dec-08 vs. Dec-10

Chad Lariscy



Sq Ft:



Period: All All

Property Types:

Counties:

All


18 of 21




The Average Days on Market by MonthDec-08 vs. Dec-10: The average days on market is down 15%


Time Period # UC UnitsAverage DOM

Dec-10 112143

Nov-10 120164

Oct-10 145190

Sep-10 142172

Aug-10 131173

Jul-10 115147

Jun-10 95170

May-10 96114

Apr-10 120151

Mar-10 105130

Feb-10 79159

Jan-10 72154

Dec-09 94169

Nov-09 111165

Oct-09 107169

Sep-09 121167

Aug-09 117188

Jul-09 122158

Jun-09 122188

May-09 110136

Apr-09 81139

Mar-09 78162

Feb-09 70130

Jan-09 86154

Dec-08 66168


19 of 21




Dec-08 vs. Dec-10: The average months supply of inventory is down 59%

Blairsville Realty

Dec-08 vs. Dec-10

43.7 -59%

Chad Lariscy

17.9

Dec-10

Months Supply of Inventory

ChangeDec-08 %

-25.8




Sq Ft:



Period: All All

Property Types:

Counties:

All


20 of 21




Months Supply of InventoryDec-08 vs. Dec-10: The average months supply of inventory is down 59%


Time Period During MonthLast Day of Month DOMMSI# Units For Sale # UC Units UC Average

Dec-10 112 1432,003 17.9

Nov-10 120 1642,395 20.0

Oct-10 145 1902,591 17.9

Sep-10 142 1722,754 19.4

Aug-10 131 1732,771 21.2

Jul-10 115 1472,830 24.6

Jun-10 95 1702,826 29.7

May-10 96 1142,746 28.6

Apr-10 120 1512,667 22.2

Mar-10 105 1302,623 25.0

Feb-10 79 1592,578 32.6

Jan-10 72 1542,551 35.4

Dec-09 94 1692,671 28.4

Nov-09 111 1652,813 25.3

Oct-09 107 1692,918 27.3

Sep-09 121 1672,941 24.3

Aug-09 117 1882,948 25.2

Jul-09 122 1582,989 24.5

Jun-09 122 1883,039 24.9

May-09 110 1363,015 27.4

Apr-09 81 1392,953 36.5

Mar-09 78 1622,869 36.8

Feb-09 70 1302,823 40.3

Jan-09 86 1542,794 32.5

Dec-08 66 1682,883 43.7



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Documents

North Georgia Mountain 2 Year Residential Market Report