What is going on in the areas real estate market? That is a question I get asked all the time now. My standard response is it is a GREAT time to buy. Yes the Young Harris & Hiawassee markets are slower than it was back in 2005 and 2006 and there are more properties for sale in Towns County now than back in 05 or 06. All of these factors just make it a better time to buy. A buyer has more properties to choose from and if they are thinking about building on a vacant lot the builders are available to work with them now.
Lets take a look at some of the facts about the Towns County market. First off we all know that this is a true discretionary spending area. Nobody has to move to the Mountains and Lakes. It is not like we have major industries and or company in the area with relocations going on everyday. This area is all about lifestyle, it is what makes the area so special.
2005
Jan Feb March Apr Total
New 45 31 66 63 205
Pending 43 27 55 52 177
Sold 44 44 37 49 174
2006
Jan Feb March Apr Total
New 59 63 126 93 341
Pending 73 39 62 23 197
Sold 46 56 66 53 221
2007
Jan Feb March Apr Total
New 177 108 165 259 709
Pending 33 19 27 20 99
Sold 23 29 28 28 108
2008
Jan Feb March Apr Total
New 101 96 137 165 499
Pending 24 12 13 16 65
Sold 22 15 26 15 78
This works sheet is pretty self explanatory.
All listings/properties in Towns County (Lots, Land, Homes, etc)
New: Number of new listing entered into the MLS system in Towns County.
Pending: Number of listing that went pending in Towns County.
Sold: Number of listing that closed in Towns County.
Source: NEG Board of Realtors.
As you can see 2005 and 2006 where very busy times for pendings and solds. 2007 and 2008 are getting back to normal, but with the increase of new listing it has given the buyer more options.
What ever type of Real Estate be it, Lake Chatuge Real Estate, North GA Property, Western NC Land, Young Harris Cabin, Hiawassee Home, Chuck Albury and Mountain Realty are here to help.
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