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SALES BY MONTH

The 1st table shows monthly unit sales for existing homes for 2006 through YTD 2010 with annual totals and percent gains compared to the previous year.  New home sales, which represent 42% of total home sales in the county, posted gains in 2006 close to 10% eclipsing 2005's 3.3% gain (see link button at the bottom of this page "Coweta New Home Market Watch") but 2007 thru 2009 is a whole new story with new home sales collapsing.  For existing homes, prior to August 2007 we had dodged the bullet of declining sales seen in most other markets with unit sales marginally ahead of the same period in '06. However, the significant decline beginning in August brought 2007 sales below '06 by 7.5%.  2008 saw decreased sales go into overdrive with the annual drop in unit sales of 27.8%, the biggest 1 year drop since we began keeping records. Good news is that 2009 and 2010 closed above the previous year by 2.3% and 5.4% respectively. However, a caveat to what appears to be the beginning of a recovery has been unnaturally fueled by the tax credits offered by the Feds which was extended and expanded through Sept 30, 2010.

In addition to the 116 existing homes sold in Apr '11, 25 new homes sold for a total of 141 homes sold.

 

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Gain

% Gain

2006

83

115

154

152

149

208

170

179

141

132

132

130

1,745

+ 73

+ 4.4%

2007

104

125

152

137

191

167

175

150

119

117

94

83

1,614

- 131

- 7.5%

2008

61

87

97

93

129

106

134

117

91

87

67

96

1,165

- 449

- 27.8%

2009

58

86

88

94

104

120

105

116

107

109

112

93

1,192

+ 27

+ 2.3%

2010

66

86

138

121

119

145

106

94

100

113

84

85

1,257

+ 65

+ 5.4%

2011

66

82

119

116

*

              

383

- 28

- 6.8%

1% Diff
'06 v '10

-
20.5%

-
25.2%

-
10.4%

-
20.4%

-
20.1%

-
30.2%

-
37.6%

-
47.4%

-
29.1%

-
14.3%

-
36.3%

-
34.6%

 

-
488

-
28.0%

1 2010 % decrease compared to 2006, Coweta's all time high

* 116 homes Under Contract scheduled to close in May 2011, Approx 10% of these contracts will fail due to appraisal, credit, or inspections.

NOTE: This report prepared May 17, 2011 at 7 AM. Any sales not posted to Ga MLS by this date and time are not part of any totals. Any monthly sales posted after this report date will be added to the appropriate month and stats will be adjusted accordingly on the next monthly report.

Coweta Existing Home Sales by Month





CLICK HERE to view the Coweta New Home Market Watch








CLICK HERE 
to view the 2009 Sales Report





Simply the Best


More Agents....



More Listings....



More Sales....



More Growth

                                                                                                                                                                          Source: Ga MLS


 151 Agents, 440+ Listings, $86 Million Sales

SALES BY PRICE

This table shows the annual unit sales for existing homes for 2006 through YTD 2010 for each designated price range with unit and percentage increases together with days on the market.  Coweta County home sales continue to be predominately under $175,000 representing 72.9% of the unit sales in 2010.  The average existing home sale price in 2010 was $139,607 (down 5.5% from 2009) selling at an average of 94.9% of list price. As of Jan 1, 2011 there were 1,219 existing homes and 249 new for a total of 1,468 homes for sale in Coweta County and posting a 11.6 months supply for existing homes and 11.0 for new homes. The blended average is a 11.4 months supply.

Like all areas of the country, Coweta real estate has suffered a double wammy. While unit sales for ALL homes (new and resale) are down 48.1% in 2010 compared to 2006 (market peak year), dollar volume has plummeted 59.5% due to a 22.6% decline in average prices.


                      

 Under 100K

100K
124K

125K 149K

150K 174K

175K 199K

200K 249K

250K 299K

300K 349K

350K 399K

400K 499K

500K
699K

700K
999K

1
MIL +


TOTAL

AVG
SALE

DOLLAR
VOLUME

2006

191

206

302

295

216

244

119

78

42

29

16

4

3

1,745

$185,360

$323,453,200

2007

208

203

264

278

179

233

105

58

39

31

11

4

1

1,614

$178,978

$288,870,492

2008

266

127

188

191

111

144

58

34

19

17

8

1

1

1,165

$163,271

$190,210,715

2009

358

139

189

165

88

126

49

30

23

19

4

2

0

1,192

$147,781

$176,154,952

2010

450

158

178

130

96

107

65

31

16

13

12

1

0

1,257

$139,607

$175,485,922

Gain/Loss1

+ 92

+ 19

- 11

- 35

+ 8

- 19

+ 16

+ 1

- 7

- 6

+ 8

- 1

0

+ 65

- $ 8,174

- $ 669,030

%Gain/Loss1

+
25.7%

+
13.7%

-
5.8%

-
21.2%

+
9.1%

-
15.1%

+
32.7%

+
3.3%

-
30.4%

-
31.6%

+
200.0%

-
50.0%


0.0%

+
5.4%

-
5.5%

-
0.3%

% of Total2

35.8%

12.6%

14.1%

10.3%

7.6%

8.5%

5.1%

2.4%

1.2%

 1.0% 

0.9%

0.1%

0.0%

100%

-

  

 Days on Mkt3

79

81

90

110

114

108

100

121

174

72

311

1

N/A

94

 

  

6 2010 Data As Of Jan 1, 2011 6

 

Under
100K

100K
124K

125K
149K

150K
174K

175K
199K

200K
249K

250K
299K

300K
349K

350K
399K

400K
499K

500K
699K

700K
999K

 1
MIL +


TOTAL

AVG
SALE

DOLLAR
VOLUME

Dec 20104

30

13

9

10

5

7

8

0

0

1

2

0

0

85

$141,730

$12,047,119

Nov 20104

35

13

9

9

5

8

2

1

0

0

2

0

0

84

$120,480

$10,120,320

Oct 20104

35

15

10

12

13

12

8

5

2

0

1

0

0

113

$151,883

$17,162,792

3rd Qtr 20104

119

25

39

31

22

28

15

9

9

2

0

1

0

300

$139,571

$41,871,300

2nd Qtr 20104

123

57

56

34

34

35

20

11

4

6

5

0

0

385

$140,898

$56,775,158

1st Qtr 20104

108

35

55

34

17

17

12

5

1

4

2

0

0

290

$129,342

$37,509,233

YTD 20104

450

158

178

130

96

107

65

31

16

13

12

1

0

1,257

$139,607

$175,485,922

% of Total

35.8%

12.6%

14.1%

10.3%

7.6%

8.5%

5.1%

2.4%

1.2%

1.0%

0.9%

0.1%

0.0%

100%

    

Days on Mkt5

79

81

90

110

114

108

100

121

174

72

311

1

N/A

94

 

  

For Sale6

266

104

176

123

113

141

86

54

38

37

38

31

12

1,219

$224,466

$273,624,348

 Mon Supply7

7.1

7.9

11.9

11.3

14.1

15.8

15.9

20.9

28.5

34.1

38.0

372.0

288.0

11.6

 

  

MONTHS SUPPLY LEGEND:  GREEN=GOOD MARKET CONDITIONS  BLUE=AVERAGE MARKET CONDITIONS  ORANGE=EXTRA MARKETING REQUIRED  RED=INTENSE MARKETING REQUIRED
1 Unit and percentage Gain/Loss are for 2010 compared to 2009 (Black = Gain / Red = Loss)
2 Percent of total sales for 2010
3 Avg Days on Market are for sold homes for 2010
4 2009 unit sales for designated mon, qtr, & yr 
5 Days on Market for past 12 months of Sold Homes
6 Number of existing homes for sale as of Jan 1, 2011 (click on "For Sale" to search for any home in metro Atlanta)
7 Months Supply on Market as of Jan 1, 2011

NOTE: Months Supply is computed by dividing the current number of homes for sale into the number sold in the past 12 months X 12.

NOTE: This report prepared Jan 17, 2011 at 7 AM. Any sales not posted to Ga MLS by this date and time are not part of any totals. Any monthly sales posted after this report date will be added to the appropriate month and stats will be adjusted accordingly on the next monthly report.

Southern Crescent Counties - All Home Sales

2009 vs 2006 Comparison

CLICK HERE to view an analysis of the below table

County
Click county
 name for Mkt
Watch Report

2009
Dollar
 Volume

2006
Dollar
Volume

%
Chg

'09 # 
Homes
Sold

'06 # 
Homes
Sold

%
Chg 

2009
Avg
Price

2006
Avg
Price

%
Chg

Months
Supply
4/1/10

Henry

$387,154,140

$1,071,806,494

- 63.9%

2,895

5,258

- 44.9%

$133,732

$203,843

- 34.4%

9.9

Fayette

$287,113,824

$658,550,244

- 56.4%

1,098

2,103

- 47.8%

$261,488

$313,148

- 16.5%

14.1

Coweta

$274,144,033

$621,387,354

- 55.9%

1,601

3,017

- 46.9%

$171,233

$205,962

- 16.9%

12.8

So Fulton

$268,232,832

$476,536,931

- 43.7%

2,664

2,801

- 4.9%

$100,688

$170,131

- 40.8%

8.0

Clayton

$232,426,880

$596,497,620

- 61.0%

4,060

4,535

- 10.5%

$57,248

$131,532

- 56.5%

6.8

Douglas

$195,641,488

$407,059,374

- 51.9%

1,576

2,234

- 29.4%

$124,138

$182,211

- 31.9%

11.3

Carroll

$108,738,008

$228,555,738

- 52.4%

1,124

1,602

- 29.8%

$96,742

$142,669

- 32.2%

9.9

Troup

$71,552,220

$137,736,490

- 48.1%

557

1,006

- 44.6%

$128,460

$136,915

- 6.2%

14.6

Spalding

$48,404,370

$117,200,250

- 58.7%

530

970

- 45.4%

$91,329

$120,825

- 24.4%

13.2

TOTAL

$1,873,407,795

$4,315,330,495

- 56.6%

16,105

23,526

- 31.5%

$116,325

$183,428

- 36.6%

9.8


 




CELEBRATES

the opening of our Newnan office


  

2511 Hwy 34 East
Newnan, GA  30265

SALES BY ZIP CODE
Jan 1, 2009 - Dec 31, 2009

 ZIP - AREA

EXISTING
HMS SOLD

NEW
HMS SOLD

TOTAL
SALES

% of
TOTAL

FOR
SALE 

MONTHS
SUPPLY

AVG SALE 
PRICE

Dollar
Volume 

 30263 - West Newnan

464

121

585

36.7%

587

12.0

$136,928

$80.1 Million

 30265 - East Newnan

339

111

450

28.2%

386

10.3

$201,520

$90.7 Million

 30277 - Sharpsburg

192

54

246

15.5%

214

10.4

$213,080

$52.4 Million

 30276 - Senoia

108

62

170

10.7%

177

12.5

$181,682

$30.9 Million

 30259 - Moreland

21

24

45

2.8%

31

8.3

$140,839

$6.3 Million

 30220 - Grantville

47

17

64

4.0%

51

9.6

$  98,042

$6.3 Million

 30268 - Palmetto

16

17

33

2.1%

34

12.4

$202,441

$6.7 Million

 TOTAL

1,187

406

1,593

100%

1,4801

11.11

$171,140

$273.4 Million

1 Number of homes for sale & Months Supply as of Jan 1, 2010


 



                                         


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