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FAYETTE SALES BY MONTH

The 1st table shows monthly unit sales of existing homes for 2006 through YTD 2010 with annual totals, and unit and percent gains / losses compared to the previous year. 2006 posted a loss of 2.9%. 2007 hit a brick wall posting a 19.6% loss in unit sales compared to '06. Nov '08 & Feb '10 posted the worst 2 months in 10 years. Unit sales lost additional ground in '08 going into overdrive by posting a 28.5% decrease. Compared to 2005's all time high of 1,705 sales, 2008 sales represents a decrease of 44.2% for existing homes. In addition to the 952 existing homes sold, 181 new homes sold in 2008 (16.0% of the total of 1,133). The decline seems to have ended in 2009 posting slighty over even with 2008 for existing home sales. Some good news is we had 5 consecutive months during the last half of '09 that out performed the same months in '08 bringing 2009 sales virtually parallel to 2008. However, those increases during the last half of '09 were partially fueled by the tax credit stimulus and those increases generally ended when the tax credit expired on Sept 30, 2010. As of the end of '10, the decline in existing home sales since 2005, the high-water mark for Fayette, was 45.3%.

In addition to the 65 existing homes sold in Dec '10, 6 new homes sold for a total of 71 homes sold.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Gain	% Gain
2006	94	99	136	130	166	208	188	170	131	125	101	108	1,656	- 49	- 2.9%
2007	80	83	94	122	150	168	155	134	94	94	86	71	1,331	- 325	- 19.6%
2008	72	69	87	84	105	100	128	74	74	58	47	54	952	- 379	- 28.5%
2009	55	55	71	87	77	101	115	88	74	78	74	81	956	+ 4	+ 0.4%
2010	49	52	91	82	84	101	94	75	86	79	73	65	931	- 25	- 2.6%
¹% Diff 06 v 10	- 47.9%	- 47.4%	- 33.1%	- 36.9%	- 49.4%	- 51.4%	- 50.0%	- 55.9%	- 34.3%	- 36.8%	- 27.7%	- 39.8%	-	- 725	- 43.8%

¹ 2010 % decrease compared to 2006

* 59 homes under contract scheduled to close in Jan 2011

NOTE: This report prepared Jan 16, 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.

CLICK HERE to view the Fayette New Home Market Watch

CLICK HERE
to view the 2009 Sales Report

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Source: Ga MLS

FAYETTE 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 (DOM) for 2010. Fayette County existing home sales continue to be predominately under $250,000 representing 63% of the unit sales in 2010. The average existing home sale price (excluding condos) in 2010 was $237,294 (down 2.8% from 2009) selling at an average of 94.7% of list price, down 4/10th of a percent from 2009. As of Jan 1, 2011 there were 1,061 existing homes and 89 new homes for a total of 1,150 homes for sale in Fayette County representing a blended average of 13.8 months supply on the market, the highest in the 9 county southern crescent region.

	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	30	64	139	202	164	269	238	156	126	128	103	31	6	1,656	$281,585	$466,304,760
2007	23	50	97	165	129	216	209	123	111	117	71	16	4	1,331	$277,743	$369,675,933
2008	43	63	87	90	95	146	136	94	61	66	59	7	5	952	$265,907	$253,143,464
2009	89	57	92	107	82	143	138	77	64	60	36	8	3	956	$244,231	$233,484,836
2010	102	66	113	90	78	137	108	68	60	56	41	9	3	931	$237,294	$220,920,440
Gain/Loss¹	+ 13	+ 9	+ 21	- 17	- 4	- 6	- 30	- 9	- 4	- 4	+ 5	+ 1	0	- 25	- $ 6,937	- $12,564,396
%Gain/Loss¹	+ 14.6%	+ 15.8%	+ 22.8%	- 15.9%	- 4.9%	- 4.1%	- 21.7%	- 11.7%	- 6.2%	- 6.7%	+ 13.9%	+ 12.5%	0.0%	- 2.6%	- 2.8%	- 5.3%
% of Total²	11.0%	7.1%	12.1%	9.7%	8.3%	14.7%	11.6%	7.3%	6.4%	6.0%	4.4%	1.0%	0.3%	100%	-
Days on Mkt³	92	79	111	123	81	111	101	107	124	137	114	88	119	104

6 2010 Data As Of Jan 1, 2011 6
PRICE RANGE	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	14	5	8	2	7	8	4	6	3	4	3	1	0	65	$218,742	$14,218,231
Nov 2010⁴	10	6	11	8	2	13	10	5	3	2	3	0	0	73	$210,344	$15,355,161
Oct 2010⁴	10	7	4	10	14	7	4	7	5	7	3	1	0	79	$231,565	$18,293,690
3rd Qtr 2010⁴	24	15	28	28	23	41	35	13	19	11	12	5	1	255	$245,137	$62,510,070
2nd Qtr 2010⁴	22	19	40	24	20	37	31	22	17	22	11	1	1	267	$240,543	$64,225,167
1st Qtr 2010⁴	22	14	22	18	12	31	24	15	13	10	9	1	1	192	$241,240	$46,318,121

YTD 2010⁴	102	66	113	90	78	137	108	68	60	56	41	9	3	931	$237,294	$220,920,440
% of Total	11.0%	7.1%	12.1%	9.7%	8.3%	14.7%	11.6%	7.3%	6.4%	6.0%	4.4%	1.0%	0.3%	100%
Days on Mkt⁵	85	98	107	104	79	96	94	114	123	118	173	183	91		104
For Sale⁶	83	47	102	99	118	149	142	77	63	69	69	26	17	1,061	$291,540	$309,323,567
Mon Supply⁷	9.8	8.5	10.8	13.2	18.1	13.1	15.8	13.6	12.6	14.8	20.1	34.7	68.0	13.7

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
³Avg Days on Market are for sold homes for 2010
⁴ 2010 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 16, 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 5/1/10
Henry	$387,154,140	$1,071,806,494	- 63.9%	2,895	5,258	- 44.9%	$133,732	$203,843	- 34.4%	9.7
Fayette	$287,113,824	$658,550,244	- 56.4%	1,098	2,103	- 47.8%	$261,488	$313,148	- 16.5%	15.5
Coweta	$274,144,033	$621,387,354	- 55.9%	1,601	3,017	- 46.9%	$171,233	$205,962	- 16.9%	13.0
So Fulton	$268,232,832	$476,536,931	- 43.7%	2,664	2,801	- 4.9%	$100,688	$170,131	- 40.8%	8.3
Clayton	$232,426,880	$596,497,620	- 61.0%	4,060	4,535	- 10.5%	$57,248	$131,532	- 56.5%	7.0
Douglas	$195,641,488	$407,059,374	- 51.9%	1,576	2,234	- 29.4%	$124,138	$182,211	- 31.9%	12.2
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%	15.1
Spalding	$48,404,370	$117,200,250	- 58.7%	530	970	- 45.4%	$91,329	$120,825	- 24.4%	13.7
TOTAL	$1,873,407,795	$4,315,330,495	- 56.6%	16,105	23,526	- 31.5%	$116,325	$183,428	- 36.6%	10.2