North Georgia Mountain Real Estate - Cabins For Sale In Blue Ridge, Blairsville, And Ellijay » North Georgia Mountain Real Estate March 2008 Market Report

North Georgia Mountain Real Estate March 2008 Market Report

Active Listings

Pending Listings

Sold Listings

Avg Sales Price

Avg DOM

Sold To List Percentage

Hi Chad,
I was interested to see that your land stats seem to echo those in my market. Land inventory is very high. Several years ago we had little bare land to choose from. Supply was low while demand was growing. This naturally drove prices higher. Developers saw an opportunity and started picking up large parcels and creating new neighborhoods. Now demand has softened, land loans are more difficult and some new neighborhood have not completed the approval process. That means even more building lots are on the way.
Yikes!

Comment by Kathy — April 17, 2008 #
Chad:

Love the look of this chart! How did you create it?

Thanks for the compliments on our blog rankings and keep up the good work in the mountains.

Comment by Brad Nix — April 17, 2008 #
Kathy,

That is exactly what has heppened here as well, you hit the nail on the head! Now we just have to wait out the correction in the Market.

Chad

Comment by Chad — April 21, 2008 #
Brad,

I just picked up a new MacDaddy Mac! I did those in no time on Keynote. Thank you for the compliment as well!

Make it a GREAT day!

Chad

Comment by Chad — April 21, 2008 #