North Georgia Mountain 2 Year Vacant Lot Market Report

Download as pdf or txt
Download as pdf or txt
You are on page 1of 21

Market Dynamics

Chad Lariscy
Blairsville Realty

Clarus MarketMetrics® 01/07/2011


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

1 of 21
Chad Lariscy Blairsville Realty
Median Sold Price by Month
Dec-08 vs. Dec-10: The median sold price is down 23%

Dec-08 vs. Dec-10


Dec-08 Dec-10 Change %
32,350 24,900 -7,450 -23%

MLS: NEGMLS Period: 2 years (monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Lots/Land: (Vacant Lot, River Access Lot, Subdivision Being Developed, Lake Front Lot, Lake Access Lot, Mobile Home Lot) Sq Ft: All
Counties: Fannin, Gilmer, Towns, Union

Clarus MarketMetrics® 1 of 2 01/07/2011


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

2 of 21
Chad Lariscy Blairsville Realty
Median Sold Price by Month
Dec-08 vs. Dec-10: The median sold price is down 23%

Time Period Median Price # Units Average DOM


Dec-10 24,900 35 154
Nov-10 32,500 63 319
Oct-10 26,000 34 224
Sep-10 20,000 25 254
Aug-10 25,000 41 339
Jul-10 28,250 18 178
Jun-10 25,000 31 193
May-10 34,541 40 411
Apr-10 39,750 29 383
Mar-10 23,000 27 339
Feb-10 39,500 22 394
Jan-10 37,000 26 244
Dec-09 26,000 39 528
Nov-09 26,000 31 282
Oct-09 27,500 34 156
Sep-09 23,025 28 131
Aug-09 43,750 26 243
Jul-09 32,750 28 196
Jun-09 25,000 34 246
May-09 35,000 19 173
Apr-09 33,000 17 487
Mar-09 22,000 25 293
Feb-09 26,500 28 316
Jan-09 24,250 8 216
Dec-08 32,350 24 300

Clarus MarketMetrics® 2 of 2 01/07/2011


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

3 of 21
Chad Lariscy Blairsville Realty
Median For Sale vs. Median Sold
Dec-08 vs. Dec-10: The median price of for sale properties is down 27% and the median price of sold properties is down 23%

Dec-08 vs. Dec-10 Dec-08 vs. Dec-10


Dec-08 Dec-10 Change % Dec-08 Dec-10 Change %
66,900 49,028 -17,872 -27% 32,350 24,900 -7,450 -23%

MLS: NEGMLS Period: 2 years (monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Lots/Land: (Vacant Lot, River Access Lot, Subdivision Being Developed, Lake Front Lot, Lake Access Lot, Mobile Home Lot) Sq Ft: All
Counties: Fannin, Gilmer, Towns, Union

Clarus MarketMetrics® 1 of 2 01/07/2011


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

4 of 21
Chad Lariscy Blairsville Realty
Median For Sale vs. Median Sold
Dec-08 vs. Dec-10: The median price of for sale properties is down 27% and the median price of sold properties is down 23%

For Sale # Properties Sold # Properties Price


Time Period Median For Sale Median Sold Difference
Dec-10 49,028 3,472 24,900 35 -24,128
Nov-10 49,056 3,676 32,500 63 -16,556
Oct-10 49,000 4,013 26,000 34 -23,000
Sep-10 49,000 4,076 20,000 25 -29,000
Aug-10 49,900 4,176 25,000 41 -24,900
Jul-10 49,900 4,382 28,250 18 -21,650
Jun-10 49,900 4,512 25,000 31 -24,900
May-10 49,900 4,567 34,541 40 -15,359
Apr-10 50,000 4,574 39,750 29 -10,250
Mar-10 50,000 4,624 23,000 27 -27,000
Feb-10 50,000 4,583 39,500 22 -10,500
Jan-10 53,900 5,032 37,000 26 -16,900
Dec-09 55,000 4,963 26,000 39 -29,000
Nov-09 55,000 5,144 26,000 31 -29,000
Oct-09 57,950 5,260 27,500 34 -30,450
Sep-09 56,665 5,230 23,025 28 -33,640
Aug-09 59,000 5,379 43,750 26 -15,250
Jul-09 59,000 5,331 32,750 28 -26,250
Jun-09 59,000 5,285 25,000 34 -34,000
May-09 59,900 5,241 35,000 19 -24,900
Apr-09 59,900 5,282 33,000 17 -26,900
Mar-09 59,900 5,331 22,000 25 -37,900
Feb-09 59,900 5,205 26,500 28 -33,400
Jan-09 65,000 5,439 24,250 8 -40,750
Dec-08 66,900 5,523 32,350 24 -34,550

Clarus MarketMetrics® 2 of 2 01/07/2011


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

5 of 21
Chad Lariscy Blairsville Realty
Sold Properties by Month
Dec-08 vs. Dec-10: The number of Sold properties is up 46%

Dec-08 vs. Dec-10


Dec-08 Dec-10 Change %
24 35 11 +46%

MLS: NEGMLS Period: 2 years (monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Lots/Land: (Vacant Lot, River Access Lot, Subdivision Being Developed, Lake Front Lot, Lake Access Lot, Mobile Home Lot) Sq Ft: All
Counties: Fannin, Gilmer, Towns, Union

Clarus MarketMetrics® 1 of 2 01/07/2011


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

6 of 21
Chad Lariscy Blairsville Realty
Sold Properties by Month
Dec-08 vs. Dec-10: The number of Sold properties is up 46%

Time Period # Properties Median Price Average DOM


Dec-10 35 24,900 154
Nov-10 63 32,500 319
Oct-10 34 26,000 224
Sep-10 25 20,000 254
Aug-10 41 25,000 339
Jul-10 18 28,250 178
Jun-10 31 25,000 193
May-10 40 34,541 411
Apr-10 29 39,750 383
Mar-10 27 23,000 339
Feb-10 22 39,500 394
Jan-10 26 37,000 244
Dec-09 39 26,000 528
Nov-09 31 26,000 282
Oct-09 34 27,500 156
Sep-09 28 23,025 131
Aug-09 26 43,750 243
Jul-09 28 32,750 196
Jun-09 34 25,000 246
May-09 19 35,000 173
Apr-09 17 33,000 487
Mar-09 25 22,000 293
Feb-09 28 26,500 316
Jan-09 8 24,250 216
Dec-08 24 32,350 300

Clarus MarketMetrics® 2 of 2 01/07/2011


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

7 of 21
Chad Lariscy Blairsville Realty
Under Contract Properties by Month
Dec-08 vs. Dec-10: The number of Under Contract properties is up 61%

Dec-08 vs. Dec-10


Dec-08 Dec-10 Change %
18 29 11 +61%

MLS: NEGMLS Period: 2 years (monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Lots/Land: (Vacant Lot, River Access Lot, Subdivision Being Developed, Lake Front Lot, Lake Access Lot, Mobile Home Lot) Sq Ft: All
Counties: Fannin, Gilmer, Towns, Union

Clarus MarketMetrics® 1 of 2 01/07/2011


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

8 of 21
Chad Lariscy Blairsville Realty
Under Contract Properties by Month
Dec-08 vs. Dec-10: The number of Under Contract properties is up 61%

Time Period # Properties Median Price Average DOM


Dec-10 29 39,900 260
Nov-10 50 51,000 393
Oct-10 62 39,950 202
Sep-10 26 35,625 230
Aug-10 40 32,198 372
Jul-10 28 37,000 205
Jun-10 34 35,500 159
May-10 32 49,950 475
Apr-10 34 59,500 285
Mar-10 33 39,000 337
Feb-10 21 29,000 384
Jan-10 27 57,500 322
Dec-09 33 39,900 417
Nov-09 36 39,900 420
Oct-09 33 33,900 216
Sep-09 35 39,000 124
Aug-09 24 48,425 195
Jul-09 26 41,450 263
Jun-09 26 39,900 211
May-09 21 58,900 280
Apr-09 31 35,900 338
Mar-09 12 79,950 261
Feb-09 27 28,000 229
Jan-09 23 34,900 382
Dec-08 18 36,950 236

Clarus MarketMetrics® 2 of 2 01/07/2011


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

9 of 21
Chad Lariscy Blairsville Realty
New Properties by Month
Dec-08 vs. Dec-10: The number of New properties is down 51%

Dec-08 vs. Dec-10


Dec-08 Dec-10 Change %
254 124 -130 -51%

MLS: NEGMLS Period: 2 years (monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Lots/Land: (Vacant Lot, River Access Lot, Subdivision Being Developed, Lake Front Lot, Lake Access Lot, Mobile Home Lot) Sq Ft: All
Counties: Fannin, Gilmer, Towns, Union

Clarus MarketMetrics® 1 of 2 01/07/2011


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

10 of 21
Chad Lariscy Blairsville Realty
New Properties by Month
Dec-08 vs. Dec-10: The number of New properties is down 51%

Time Period # Properties Median Price


Dec-10 124 34,200
Nov-10 295 50,000
Oct-10 130 44,950
Sep-10 225 30,000
Aug-10 195 42,000
Jul-10 307 32,250
Jun-10 201 29,900
May-10 329 42,900
Apr-10 241 39,900
Mar-10 313 59,000
Feb-10 174 49,900
Jan-10 334 38,000
Dec-09 223 55,000
Nov-09 261 45,000
Oct-09 398 59,000
Sep-09 196 44,900
Aug-09 312 65,000
Jul-09 331 55,900
Jun-09 275 35,000
May-09 427 67,900
Apr-09 308 59,900
Mar-09 404 54,900
Feb-09 395 39,900
Jan-09 387 69,900
Dec-08 254 58,925

Clarus MarketMetrics® 2 of 2 01/07/2011


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

11 of 21
Chad Lariscy Blairsville Realty
For Sale Properties by Month
Dec-08 vs. Dec-10: The number of For Sale properties is down 37%

Dec-08 vs. Dec-10


Dec-08 Dec-10 Change %
5,523 3,472 -2,051 -37%

MLS: NEGMLS Period: 2 years (monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Lots/Land: (Vacant Lot, River Access Lot, Subdivision Being Developed, Lake Front Lot, Lake Access Lot, Mobile Home Lot) Sq Ft: All
Counties: Fannin, Gilmer, Towns, Union

Clarus MarketMetrics® 1 of 2 01/07/2011


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

12 of 21
Chad Lariscy Blairsville Realty
For Sale Properties by Month
Dec-08 vs. Dec-10: The number of For Sale properties is down 37%

Time Period # Properties Median Price Average DOM


Dec-10 3,472 49,028 449
Nov-10 3,676 49,056 467
Oct-10 4,013 49,000 493
Sep-10 4,076 49,000 505
Aug-10 4,176 49,900 514
Jul-10 4,382 49,900 525
Jun-10 4,512 49,900 540
May-10 4,567 49,900 547
Apr-10 4,574 50,000 557
Mar-10 4,624 50,000 571
Feb-10 4,583 50,000 591
Jan-10 5,032 53,900 601
Dec-09 4,963 55,000 616
Nov-09 5,144 55,000 613
Oct-09 5,260 57,950 608
Sep-09 5,230 56,665 614
Aug-09 5,379 59,000 613
Jul-09 5,331 59,000 618
Jun-09 5,285 59,000 618
May-09 5,241 59,900 622
Apr-09 5,282 59,900 623
Mar-09 5,331 59,900 621
Feb-09 5,205 59,900 630
Jan-09 5,439 65,000 613
Dec-08 5,523 66,900 609

Clarus MarketMetrics® 2 of 2 01/07/2011


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

13 of 21
Chad Lariscy Blairsville Realty
Expired Properties by Month
Dec-08 vs. Dec-10: The number of Expired properties is up 16%

Dec-08 vs. Dec-10


Dec-08 Dec-10 Change %
453 526 73 +16%

MLS: NEGMLS Period: 2 years (monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Lots/Land: (Vacant Lot, River Access Lot, Subdivision Being Developed, Lake Front Lot, Lake Access Lot, Mobile Home Lot) Sq Ft: All
Counties: Fannin, Gilmer, Towns, Union

Clarus MarketMetrics® 1 of 2 01/07/2011


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

14 of 21
Chad Lariscy Blairsville Realty
Expired Properties by Month
Dec-08 vs. Dec-10: The number of Expired properties is up 16%

Time Period # Properties Median Price Average DOM


Dec-10 526 49,900 567
Nov-10 278 39,900 502
Oct-10 570 49,900 471
Sep-10 167 39,800 505
Aug-10 285 59,500 345
Jul-10 373 54,000 465
Jun-10 403 44,900 449
May-10 224 42,450 361
Apr-10 302 59,900 363
Mar-10 258 55,000 490
Feb-10 251 59,900 504
Jan-10 596 72,500 585
Dec-09 232 59,900 426
Nov-09 368 69,950 375
Oct-09 344 58,900 335
Sep-09 333 54,500 377
Aug-09 321 69,500 419
Jul-09 238 69,900 383
Jun-09 259 67,500 303
May-09 210 59,900 395
Apr-09 437 68,310 343
Mar-09 345 69,000 397
Feb-09 251 69,000 320
Jan-09 606 89,900 337
Dec-08 453 79,900 356

Clarus MarketMetrics® 2 of 2 01/07/2011


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

15 of 21
Chad Lariscy Blairsville Realty
Supply & Demand by Month
Dec-08 vs. Dec-10: The number of for sale properties is down 37% and the number of sold properties is up 46%

Dec-08 vs. Dec-10 Dec-08 vs. Dec-10


Dec-08 Dec-10 Change % Dec-08 Dec-10 Change %
5,523 3,472 -2,051 -37% 24 35 11 +46%

MLS: NEGMLS Period: 2 years (monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Lots/Land: (Vacant Lot, River Access Lot, Subdivision Being Developed, Lake Front Lot, Lake Access Lot, Mobile Home Lot) Sq Ft: All
Counties: Fannin, Gilmer, Towns, Union

Clarus MarketMetrics® 1 of 2 01/07/2011


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

16 of 21
Chad Lariscy Blairsville Realty
Supply & Demand by Month
Dec-08 vs. Dec-10: The number of for sale properties is down 37% and the number of sold properties is up 46%

# Properties Average DOM # Properties Average DOM


Time Period For Sale For Sale Sold Sold
Dec-10 3,472 449 35 154
Nov-10 3,676 467 63 319
Oct-10 4,013 493 34 224
Sep-10 4,076 505 25 254
Aug-10 4,176 514 41 339
Jul-10 4,382 525 18 178
Jun-10 4,512 540 31 193
May-10 4,567 547 40 411
Apr-10 4,574 557 29 383
Mar-10 4,624 571 27 339
Feb-10 4,583 591 22 394
Jan-10 5,032 601 26 244
Dec-09 4,963 616 39 528
Nov-09 5,144 613 31 282
Oct-09 5,260 608 34 156
Sep-09 5,230 614 28 131
Aug-09 5,379 613 26 243
Jul-09 5,331 618 28 196
Jun-09 5,285 618 34 246
May-09 5,241 622 19 173
Apr-09 5,282 623 17 487
Mar-09 5,331 621 25 293
Feb-09 5,205 630 28 316
Jan-09 5,439 613 8 216
Dec-08 5,523 609 24 300

Clarus MarketMetrics® 2 of 2 01/07/2011


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

17 of 21
Chad Lariscy Blairsville Realty
The Average Days on Market by Month
Dec-08 vs. Dec-10: The average days on market is up 10%

Dec-08 vs. Dec-10


Dec-08 Dec-10 Change %
236 260 24 +10%

MLS: NEGMLS Period: 2 years (monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Lots/Land: (Vacant Lot, River Access Lot, Subdivision Being Developed, Lake Front Lot, Lake Access Lot, Mobile Home Lot) Sq Ft: All
Counties: Fannin, Gilmer, Towns, Union

Clarus MarketMetrics® 1 of 2 01/07/2011


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

18 of 21
Chad Lariscy Blairsville Realty
The Average Days on Market by Month
Dec-08 vs. Dec-10: The average days on market is up 10%

Time Period Average DOM # UC Units


Dec-10 260 29
Nov-10 393 50
Oct-10 202 62
Sep-10 230 26
Aug-10 372 40
Jul-10 205 28
Jun-10 159 34
May-10 475 32
Apr-10 285 34
Mar-10 337 33
Feb-10 384 21
Jan-10 322 27
Dec-09 417 33
Nov-09 420 36
Oct-09 216 33
Sep-09 124 35
Aug-09 195 24
Jul-09 263 26
Jun-09 211 26
May-09 280 21
Apr-09 338 31
Mar-09 261 12
Feb-09 229 27
Jan-09 382 23
Dec-08 236 18

Clarus MarketMetrics® 2 of 2 01/07/2011


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

19 of 21
Chad Lariscy Blairsville Realty
Months Supply of Inventory
Dec-08 vs. Dec-10: The average months supply of inventory is down 64%

Dec-08 vs. Dec-10


Dec-08 Dec-10 Change %
280.7 100.6 -180.1 -64%

MLS: NEGMLS Period: 2 years (monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Lots/Land: (Vacant Lot, River Access Lot, Subdivision Being Developed, Lake Front Lot, Lake Access Lot, Mobile Home Lot) Sq Ft: All
Counties: Fannin, Gilmer, Towns, Union

Clarus MarketMetrics® 1 of 2 01/07/2011


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

20 of 21
Chad Lariscy Blairsville Realty
Months Supply of Inventory
Dec-08 vs. Dec-10: The average months supply of inventory is down 64%

# Units For Sale # UC Units UC Average


Time Period Last Day of Month During Month MSI DOM
Dec-10 2,917 29 100.6 260
Nov-10 3,348 50 67.0 393
Oct-10 3,381 62 54.5 202
Sep-10 3,883 26 149.3 230
Aug-10 3,851 40 96.3 372
Jul-10 3,981 28 142.2 205
Jun-10 4,075 34 119.9 159
May-10 4,311 32 134.7 475
Apr-10 4,238 34 124.6 285
Mar-10 4,333 33 131.3 337
Feb-10 4,311 21 205.3 384
Jan-10 4,409 27 163.3 322
Dec-09 4,698 33 142.4 417
Nov-09 4,740 36 131.7 420
Oct-09 4,883 33 148.0 216
Sep-09 4,862 35 138.9 124
Aug-09 5,034 24 209.8 195
Jul-09 5,067 26 194.9 263
Jun-09 5,000 26 192.3 211
May-09 5,010 21 238.6 280
Apr-09 4,814 31 155.3 338
Mar-09 4,974 12 414.5 261
Feb-09 4,927 27 182.5 229
Jan-09 4,810 23 209.1 382
Dec-08 5,052 18 280.7 236

Clarus MarketMetrics® 2 of 2 01/07/2011


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

21 of 21

You might also like