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November 3rd, 2009Categories: Blairsville Georgia Real Estate reVIEWS, Georgia Mountain Market reVIEWS, Georgia Mountain Real Estate VIEWS

Much like the Fannin County Residential Market Report, we have some positive news as well as some not so good news. I would like to begin with the not so good news and end this post on a positive note. Seller’s are continuing to be plagued with the Foreclosure and Short Sale Markets. The median Sold Price for Union County is down 25%. That is a change of almost $50,000 from October of 2008. Our average days on market for the Homes For Sale In Blairsville, GA. is up 35%. Since August of this year, we have seen a decrease each month in the number of days on market which is again mostly due in part to the number of Foreclosures and the aggressive pricing that the Banks are placing on their REO’s.

That’s all for the negative, isn’t that nice? Now for some good news. The number of Homes Sold in Blairsville Georgia continues to climb. Union County home sales are up 18%, which sounds a lot better than if I were to say 4 more than October of 2008. It is still positive news any way you slice it. The Residential Inventory in Union County is decreasing each month, down 15% or 137 fewer Homes For Sale this October. The number of Homes that are Under Contract or that have gone Pending is also up 7%, a change of 2 from last October. With new construction still very slow, our number of new properties listed are way down, 37% which is 40 less new listings than we had a year ago. This may not sound like good news, but I actually believe it is. We have  a lot of old inventory that we desperately need to get rid of so that more and more new construction can begin again. Finally, our Absorption Rate is down 17%. This tells us the number of months that it would take to sell all the Residential Inventory that we currently have at current market conditions. Right now that number is 23 months.

Thanks so much for coming up on “The Porch” for another North Georgia Mountain Market Report. I really appreciate it and hope that you do come back again real soon. If you know of someone looking to Buy or Sell North Georgia Mountain Real Estate, I would be grateful if you would pass along to them My Contact information. Even better, forward them this post or a link to The Front Porch View.

Tags: Blairsville Georgia, Days on market, Foreclosure, Homes For Sale, Listings, Market Report, Real Estate, Residential, Short Sale, Sold, Union County

Written by Chad Lariscy//Discussion: Please leave a comment.

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October 29th, 2009Categories: Georgia Mountain Real Estate VIEWS

Blairsville Realty has a quarterly listing brochure that we distribute all throughout the North Georgia Mountains. This brochure features listings from all of our agents within the office.  Among the listings within the brochure you will find Homes for Sale in Blairsville, Blue Ridge, Hiawassee, Ellijay and many other North Georgia Mountain, Tennessee, and North Carolina Communities. You will find  listed in our brochure many Vacant Lots, Developments and Commercial Properties.  Also we are pleased that you will see many  local advertisements from supporters such as United Community Bank, Kenya Patton Attorney at Law, Jimmy Carter’s Inspect-A-Home….(No not President Carter) and Blue Ridge Mountain Surveying, Inc. who we owe a lot of thanks to for helping make this brochure . Thank You.

If you have any questions or concerns after viewing the 2009 Fall Brochure, please call me at 706-994-8686 or you can simply Contact Me through this post. Sometimes the listing information can be hard to read, so if you find that to be the case, just let me know and I will be more than happy to forward to you a Full MLS Data Sheet.

As always, Thanks for visiting me on “The Porch!”

Make it a GREAT day!

Tags: Blairsville, Blairsville Realty, Blue Ridge, Blue Ridge Mountains, Hiawassee, Listings, North Carolina, North Georgia, North Georgia Mountain, Real Estate, Tennessee

Written by Chad Lariscy//Discussion: Please leave a comment.

Subscribe to Blog Contact Me Search for Homes Daily List Alert