Simply the Best


"Georgia's Largest Real Estate firm south of Buckhead"




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(Updated Quarterly)

SALES BY MONTH

The 1st table shows monthly unit sales for all homes for 2006 through YTD 2010 with annual totals and percent gains compared to the previous year.  In 2009, new home sales in South Fulton represented only 20.3% of total home sales and posted a loss compared to 2008 of 28% in unit sales. New home sales in virtually all Georgia counties have experienced a complete meltdown. The real estate crash began in So Fulton, as it did for all Georgia counties, in 2007 declining 15.0% compared to 2006.  2008 saw a minor increase in unit sales but the drop in average prices went into overdrive with an annual drop of 18.6%, the biggest 1 year drop since we began keeping records. Average prices took another major hit in 2009 of another 25.6% eclipsing even 2008 falling to $100,688, the 2nd worst reduction in all the south Atlanta counties behind Clayton. Since 2006, the high water mark for South Fulton, the average price of homes has fallen 43.4% as of the end of 2010.

 

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Gain

% Gain

2006

187

188

258

234

249

307

225

255

224

216

197

261

2,801

+ 41

+ 1.5%

2007

162

172

206

214

221

222

242

233

180

178

161

189

2,380

- 421

- 15.0%

2008

143

175

228

203

204

202

234

217

292

215

170

235

2,518

+ 138

+ 5.8%

2009

187

183

223

262

230

244

243

223

215

230

207

216

2,664

+ 146

+ 5.8%

2010

134

192

234

209

190

252

171

161

155

212

160

134

2,204

- 460

- 17.2%

1% Diff
'06 v '10

-
28.3%

+
2.1%

-
9.3%

-
10.7%

-
23.7%

-
17.9%

-
24.0%

-
36.9%

-
30.8%

-
1.9%

-
18.8%

-
48.7%

 

-
597

-
21.3%

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

* 185 homes Under Contract scheduled to close in Jan 2011. 25% of these contracts will fail due to appraisals, credit, or inspections.

NOTE: This report prepared Jan 19, 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 2009 Sales Report





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More Listings....



More Sales....



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                                                                                                                                                                          Source: Ga MLS


 151 Agents, 440+ Listings, $86 Million Sales

SALES BY PRICE

This table shows the annual unit sales for all homes for 2006 through YTD 2010 for each designated price range with unit and percentage increases together with days on the market. So Fulton County home sales continue to be predominately under $100,000 representing 58.7% of the unit sales in 2009.  The average home sale price in 2009 was $100,688 (down 25.6% from 2008) selling at an average of 95.8% of list price. Since 2006, avg prices have fallen 43.4% through the end of Nov 2010.  As of Jan 1, 2011 there were 1,299 existing homes and 312 new for a total of 1,611 homes for sale in So Fulton County and posting a 8.7 months supply for existing homes and 9.1 for new homes. The blended average is a 8.7 months supply.


                      

 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


AVGS

Dollar
Volume 

2006

368

381

658

509

295

247

128

75

45

63

25

7

0

2,801

$170,131

$476,536,931

2007

434

286

483

371

229

294

132

57

31

34

23

5

1

2,380

$166,205

$395,567,900

2008

886

354

378

269

194

256

85

32

24

28

11

1

0

2,518

$135,338

$340,781,084

2009

1,563

298

260

173

113

121

63

34

18

13

7

1

0

2,664

$100,688

$268,232,832

2010

1,335

267

197

120

95

82

52

19

13

12

3

1

0

2,204

$96,158

$211,932,790

Gain/Loss1

- 228

- 31

- 63

- 53

- 18

- 39

- 11

- 15

- 5

- 1

- 4

0

0

- 460

- $4,530

- $56,300,042

%Gain/Loss1

-
14.6%

-
10.4%

-
24.2%

-
30.6%

-
15.9%

-
32.2%

-
17.4%

-
44.1%

-
27.8%

-
7.7%

-
57.1%


0.0%


0.0%

-
17.2%

-
4.4%

-
21.0%

% of Total2

60.6%

12.1%

8.9%

5.4%

4.3%

3.7%

2.3%

0.9%

0.6%

 0.5% 

0.1%

0.1%

0.0%

100%

-

  

 Days on Mkt3

78

90

112

133

79

99

142

168

215

209

268

43

N/A

-

90

  

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


AVGS

Dollar
Volume

Dec 20104

89

12

8

8

3

6

3

2

2

1

0

0

0

134

$97,022

$13,000,948

Nov 20104

104

9

15

10

9

7

3

1

2

0

0

0

0

160

$89,389

$14,302,240

Oct 20104

127

27

18

16

4

8

5

4

3

0

0

0

0

212

$98,534

$20,889,208

3rd Qtr 20104

296

60

51

24

22

19

9

3

1

2

0

0

0

487

$93,497

$45,533,039

2nd Qtr 20104

367

89

60

44

30

24

19

7

4

4

2

1

0

651

$102,625

$66,808,875

1st Qtr 20104

352

70

45

26

27

18

13

2

1

5

1

0

0

560

$91,783

$51,398,480

YTD 20104

1,335

267

197

120

95

82

52

19

13

12

3

1

0

2,204

$96,158

$211,932,790

% of Total

60.6%

12.1%

8.9%

5.4%

4.3%

3.7%

2.3%

0.9%

0.6%

0.5%

0.1%

0.1%

0.0%

100%

    

Days on Mkt5

78

90

112

133

79

99

142

168

215

209

268

43

N/A

-

90

  

 For Sale6

818

194

196

122

88

67

54

21

15

9

15

5

7

1,611

$126,100

$203,147,559

 Mon Supply7

6.1

8.7

11.9

12.2

11.1

9.8

12.4

13.2

13.8

9.0

60.0

60.0

336.0

-

8.7

  

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
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 19, 2010 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%

9.7

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






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Bush Real Estate Group
Coweta, Fayette, Henry,
Fulton, Troup, Heard, Spalding,
& Meriwether counties

Office: 770-254-9400

E-Mail: info@bushrealestategroup.com