North Georgia Mountain 2 Year Vacant Lot Market Report

8/8/2019 North Georgia Mountain 2 Year Vacant Lot Market Report

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01/07/2011Clarus 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


2/21

Dec-10

24,900

Dec-08

32,350

%

-23%

Change

-7,450

Dec-08 vs. Dec-10: The median sold price is down 23%Median Sold Price by Month

Blairsville Realty

Dec-08 vs. Dec-10

Chad Lariscy

Clarus MarketMetrics 1 of 2 01/07/2011


AllBathrooms:MLS: AllAll

Sq Ft:

Fannin, Gilmer, Towns, Union

Lots/Land: (Vacant Lot, River Access Lot, Subdivision Being Developed, Lake Front Lot, Lake Access Lot, Mobile Home Lot)

Period: All All

Property Types:

Counties:

All

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

2 of 21


3/21

Median Sold Price by MonthDec-08 vs. Dec-10: The median sold price is down 23%

Blairsville RealtyChad Lariscy

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 411Apr-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



3 of 21


4/21

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%

Blairsville Realty

Dec-08 vs. Dec-10

66,900 -27%

Chad Lariscy

49,028

Dec-10

Median For Sale vs. Median Sold

ChangeDec-08 %

-17,872

Dec-08 Dec-10 %

32,350 -23%

Dec-08 vs. Dec-10

24,900

Change

-7,450




Sq Ft:



Period: All All

Property Types:

Counties:

All


4 of 21


5/21

Median For Sale vs. Median SoldDec-08 vs. Dec-10: The median price of for sale properties is down 27% and the median price of sold properties is down 23%


Time Period For SaleMedian SoldMedianFor Sale # Properties # PropertiesSold Price

Difference

Dec-10 3,472 3549,028 24,900 -24,128

Nov-10 3,676 6349,056 32,500 -16,556

Oct-10 4,013 3449,000 26,000 -23,000

Sep-10 4,076 2549,000 20,000 -29,000

Aug-10 4,176 4149,900 25,000 -24,900

Jul-10 4,382 1849,900 28,250 -21,650

Jun-10 4,512 3149,900 25,000 -24,900

May-10 4,567 4049,900 34,541 -15,359

Apr-10 4,574 2950,000 39,750 -10,250

Mar-10 4,624 2750,000 23,000 -27,000

Feb-10 4,583 2250,000 39,500 -10,500

Jan-10 5,032 2653,900 37,000 -16,900

Dec-09 4,963 3955,000 26,000 -29,000

Nov-09 5,144 3155,000 26,000 -29,000

Oct-09 5,260 3457,950 27,500 -30,450

Sep-09 5,230 2856,665 23,025 -33,640

Aug-09 5,379 2659,000 43,750 -15,250

Jul-09 5,331 2859,000 32,750 -26,250

Jun-09 5,285 3459,000 25,000 -34,000

May-09 5,241 1959,900 35,000 -24,900

Apr-09 5,282 1759,900 33,000 -26,900

Mar-09 5,331 2559,900 22,000 -37,900

Feb-09 5,205 2859,900 26,500 -33,400

Jan-09 5,439 865,000 24,250 -40,750

Dec-08 5,523 2466,900 32,350 -34,550

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

2 of 2 01/07/2011

5 of 21


6/21

Dec-10

35

Dec-08

24

%

+46%

Change

11

Dec-08 vs. Dec-10: The number of Sold properties is up 46%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


7/21


8/21

Dec-10

29

Dec-08

18

%

+61%

Change

11

Dec-08 vs. Dec-10: The number of Under Contract properties is up 61%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


9/21

Under Contract Properties by MonthDec-08 vs. Dec-10: The number of Under Contract properties is up 61%


Time Period # Properties Median Price Average DOMDec-10 39,90029 260

Nov-10 51,00050 393

Oct-10 39,95062 202

Sep-10 35,62526 230

Aug-10 32,19840 372

Jul-10 37,00028 205

Jun-10 35,50034 159

May-10 49,95032 475Apr-10 59,50034 285

Mar-10 39,00033 337

Feb-10 29,00021 384

Jan-10 57,50027 322

Dec-09 39,90033 417

Nov-09 39,90036 420

Oct-09 33,90033 216

Sep-09 39,00035 124Aug-09 48,42524 195

Jul-09 41,45026 263

Jun-09 39,90026 211

May-09 58,90021 280

Apr-09 35,90031 338

Mar-09 79,95012 261

Feb-09 28,00027 229

Jan-09 34,90023 382Dec-08 36,95018 236

Clarus MarketMetrics 2 of 2 01/07/2011Information not guaranteed. 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

9 of 21


10/21

Dec-10

124

Dec-08

254

%

-51%

Change

-130

Dec-08 vs. Dec-10: The number of New properties is down 51%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


11/21

New Properties by MonthDec-08 vs. Dec-10: The number of New properties is down 51%


Time Period # Properties Median PriceDec-10 34,200124

Nov-10 50,000295

Oct-10 44,950130

Sep-10 30,000225

Aug-10 42,000195

Jul-10 32,250307

Jun-10 29,900201

May-10 42,900329Apr-10 39,900241

Mar-10 59,000313

Feb-10 49,900174

Jan-10 38,000334

Dec-09 55,000223

Nov-09 45,000261

Oct-09 59,000398

Sep-09 44,900196Aug-09 65,000312

Jul-09 55,900331

Jun-09 35,000275

May-09 67,900427

Apr-09 59,900308

Mar-09 54,900404

Feb-09 39,900395

Jan-09 69,900387Dec-08 58,925254


11 of 21


12/21

Dec-10

3,472

Dec-08

5,523

%

-37%

Change

-2,051

Dec-08 vs. Dec-10: The number of For Sale properties is down 37%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


13/21

For Sale Properties by MonthDec-08 vs. Dec-10: The number of For Sale properties is down 37%


Time Period # Properties Median Price Average DOMDec-10 49,0283,472 449

Nov-10 49,0563,676 467

Oct-10 49,0004,013 493

Sep-10 49,0004,076 505

Aug-10 49,9004,176 514

Jul-10 49,9004,382 525

Jun-10 49,9004,512 540

May-10 49,9004,567 547Apr-10 50,0004,574 557

Mar-10 50,0004,624 571

Feb-10 50,0004,583 591

Jan-10 53,9005,032 601

Dec-09 55,0004,963 616

Nov-09 55,0005,144 613

Oct-09 57,9505,260 608

Sep-09 56,6655,230 614Aug-09 59,0005,379 613

Jul-09 59,0005,331 618

Jun-09 59,0005,285 618

May-09 59,9005,241 622

Apr-09 59,9005,282 623

Mar-09 59,9005,331 621

Feb-09 59,9005,205 630

Jan-09 65,0005,439 613Dec-08 66,9005,523 609


13 of 21


14/21

Dec-10

526

Dec-08

453

%

+16%

Change

73

Dec-08 vs. Dec-10: The number of Expired properties is up 16%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


15/21

Expired Properties by MonthDec-08 vs. Dec-10: The number of Expired properties is up 16%


Time Period Median Price# Properties Average DOMDec-10 49,900526 567

Nov-10 39,900278 502

Oct-10 49,900570 471

Sep-10 39,800167 505

Aug-10 59,500285 345

Jul-10 54,000373 465

Jun-10 44,900403 449

May-10 42,450224 361Apr-10 59,900302 363

Mar-10 55,000258 490

Feb-10 59,900251 504

Jan-10 72,500596 585

Dec-09 59,900232 426

Nov-09 69,950368 375

Oct-09 58,900344 335

Sep-09 54,500333 377Aug-09 69,500321 419

Jul-09 69,900238 383

Jun-09 67,500259 303

May-09 59,900210 395

Apr-09 68,310437 343

Mar-09 69,000345 397

Feb-09 69,000251 320

Jan-09 89,900606 337Dec-08 79,900453 356


15 of 21


16/21

Dec-08 vs. Dec-10: The number of for sale properties is down 37% and the number of sold properties is up 46%

Blairsville Realty

Dec-08 vs. Dec-10

5,523 -37%

Chad Lariscy

3,472

Dec-10

Supply & Demand by Month

ChangeDec-08 %

-2,051

Dec-08 Dec-10 %

24 +46%

Dec-08 vs. Dec-10

35

Change

11



Sq Ft:



Period: All All

Property Types:

Counties:

All


16 of 21

Ch d L i Bl i ill R lt


17/21

Supply & Demand by MonthDec-08 vs. Dec-10: The number of for sale properties is down 37% and the number of sold properties is up 46%

Chad Lariscy Blairsville Realty

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

Dec-10 449 1543,472 35

Nov-10 467 3193,676 63

Oct-10 493 2244,013 34

Sep-10 505 2544,076 25

Aug-10 514 3394,176 41

Jul-10 525 1784,382 18

Jun-10 540 1934,512 31

May-10 547 4114,567 40

Apr-10 557 3834,574 29

Mar-10 571 3394,624 27

Feb-10 591 3944,583 22

Jan-10 601 2445,032 26

Dec-09 616 5284,963 39

Nov-09 613 2825,144 31

Oct-09 608 1565,260 34

Sep-09 614 1315,230 28

Aug-09 613 2435,379 26

Jul-09 618 1965,331 28

Jun-09 618 2465,285 34

May-09 622 1735,241 19

Apr-09 623 4875,282 17

Mar-09 621 2935,331 25

Feb-09 630 3165,205 28

Jan-09 613 2165,439 8

Dec-08 609 3005,523 24


17 of 21



18/21

Dec-10

260

Dec-08

236

%

+10%

Change

24

Dec-08 vs. Dec-10: The average days on market is up 10%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



19/21

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


Time Period # UC UnitsAverage DOM

Dec-10 29260

Nov-10 50393

Oct-10 62202

Sep-10 26230

Aug-10 40372

Jul-10 28205

Jun-10 34159

May-10 32475

Apr-10 34285

Mar-10 33337

Feb-10 21384

Jan-10 27322

Dec-09 33417

Nov-09 36420

Oct-09 33216

Sep-09 35124

Aug-09 24195

Jul-09 26263

Jun-09 26211

May-09 21280

Apr-09 31338

Mar-09 12261

Feb-09 27229

Jan-09 23382

Dec-08 18236


19 of 21



20/21

Dec-08 vs. Dec-10: The average months supply of inventory is down 64%

Blairsville Realty

Dec-08 vs. Dec-10

280.7 -64%

Chad Lariscy

100.6

Dec-10

Months Supply of Inventory

ChangeDec-08 %

-180.1




Sq Ft:



Period: All All

Property Types:

Counties:

All


20 of 21



21/21

Months Supply of InventoryDec-08 vs. Dec-10: The average months supply of inventory is down 64%


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

Dec-10 29 2602,917 100.6

Nov-10 50 3933,348 67.0

Oct-10 62 2023,381 54.5

Sep-10 26 2303,883 149.3

Aug-10 40 3723,851 96.3

Jul-10 28 2053,981 142.2

Jun-10 34 1594,075 119.9

May-10 32 4754,311 134.7

Apr-10 34 2854,238 124.6

Mar-10 33 3374,333 131.3

Feb-10 21 3844,311 205.3

Jan-10 27 3224,409 163.3

Dec-09 33 4174,698 142.4

Nov-09 36 4204,740 131.7

Oct-09 33 2164,883 148.0

Sep-09 35 1244,862 138.9

Aug-09 24 1955,034 209.8

Jul-09 26 2635,067 194.9

Jun-09 26 2115,000 192.3

May-09 21 2805,010 238.6

Apr-09 31 3384,814 155.3

Mar-09 12 2614,974 414.5

Feb-09 27 2294,927 182.5

Jan-09 23 3824,810 209.1

Dec-08 18 2365,052 280.7



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North Georgia Mountain 2 Year Vacant Lot Market Report

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