April 2010 Fannin County Residential Market Report

The Mountain Life Team Blogger April 5, 2010

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!

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