Fannin County experienced a slight increase in Median Sales Price by 1%. The Residential Median Sales Price is $232,500, rise of $1,500 from May of 2008. The number of Cabins Sold in Blue Ridge and surrounding areas had a decrease of 17 units, down 47% from the 37 that were Sold in May of 2008.
On a good note, the number of Homes For Sale in Blue Ridge, GA. is down 5% from this time last year. There are 1007 Homes For Sale, compared to the 1059 that were on the Real Estate Market in May of 2008. The number of New Properties Listed is also down 4%. I have also included a chart showing the Supply and Demand of the Blue Ridge Residential Real Estate Market. The Great News is that the number of Cabins and Homes Under Contract in Fannin County increased 13% to 35 which will make for a very good June when all of these properties close.
The Average Days on Market of Homes Sold in Blue Ridge did not see any change and stayed at 116 Days. The Month’s Supply of Inventory has also decreased 16% to 25.1, down from 30 in May of 2008.[nggallery id=4]
Thank you as always for coming to “The Porch” for your North Georgia Mountain Real Estate Advise. If there is a specific question that you have pertaining to anything you have seen in this Blue Ridge Georgia Real Estate Market Report, or if you have a Real Estate related question or concern you would like for me to address, please Contact Me or call me at 706.994.8686. I would be grateful for the opportunity to assist you with all your North Georgia Mountain Real Estate needs.
Click Here for a in depth and comprehensive May 2009 Union County Real Estate Market Report.
Make it a GREAT weekend!