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




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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 Spalding represented only 14.2% of total home sales and posted a loss compared to 2008 of 32.4% in unit sales. New home sales in virtually all Georgia counties have experienced a complete meltdown. The real estate crash began in Spalding as it did for all Georgia counties in 2007 declining 10.1% compared to 2006 and saw an additional 18.1% decline in 2008.  2009 saw the most significant decrease in unit sales at 25.1% and the drop in average prices went into overdrive with an annual drop of 10.2%. Since 2006, the high water mark for Spalding, the average price of homes have fallen 35.0% as of Oct 31, 2010.

 

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Gain

% Gain

2006

62

69

117

82

83

94

91

70

84

79

66

73

970

- 11

- 1.1%

2007

60

78

68

62

83

103

86

90

67

55

60

60

872

- 98

- 10.1%

2008

51

58

61

69

73

70

53

62

45

53

64

49

708

- 164

- 18.8%

2009

36

43

50

43

45

68

44

43

34

44

37

43

530

- 178

- 25.1%

2010

37

36

52

49

49

56

44

38

51

33

*

 

445

- 5

- 1.0%

1% Diff
'06 v '10

-
40.3%

-
47.8%

-
55.6%

-
40.2%

-
41.0%

-
40.4%

-
51.6%

-
45.7%

-
39.2%

-
58.2%

 

 

 

-
386

-
46.4%

1 2010 % decrease compared to 2006

* 22 homes Under Contract scheduled to close in Nov 2010.  Approx 10% of these contracts will fail due to appraisal, credit, or inspections.

NOTE: This report prepared Nov 18, 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.





CLICK HERE 
to view the 2009 Sales Report





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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. Spalding County home sales continue to be predominately under $100,000 representing 67.5% of the unit sales in 2009.  The average home sale price in 2009 was $91,329 (down 10.2% from 2008) selling at an average of 95.4% of list price. Since 2006, avg prices have fallen 35.0%.  As of Nov 1, 2010 there were 548 existing homes and 49 new for a total of 597 homes for sale in Spalding County and posting a 14.0 months supply for existing homes and 13.7 for new homes. The blended average is a 13.9 months supply.

YTD 2010, dollar volume plummeted 65.0% compared to the same 10 months in 2006.


     

 Under 100K

100K
124K

125K 149K

150K 174K

175K 199K

200K 249K

250K 299K

300K 399K

400K
599K

600K
999K

1
MIL +


TOTAL


AVGS

 Dollar
Volume

2006

381

186

188

80

56

41

21

9

5

1

2

970

$120,825

$117,200,271

2007

371

145

145

65

61

44

22

10

4

4

1

872

$120,711

$105,260,718

2008

417

115

51

46

31

22

10

6

7

1

2

708

$101,653

$71,970,894

2009

358

53

35

43

11

16

4

6

1

2

1

530

$91,329

$48,313,263

Gain/Loss1

- 59

- 62

- 16

- 3

- 20

- 6

- 6

0

- 6

+ 1

- 1

- 178

- $10,324

- $23,657,631

%Gain/Loss1

-
14.1%

-
53.9%

-
31.4%

-
6.5%

-
64.5%

-
27.3%

-
60.0%


0.0%

-
85.7%

+
100%

-
100%

-
25.1%

-
10.2%

-
32.9%

% of Total2

67.5%

10.0%

6.6%

8.1%

2.1%

3.0%

0.8%

1.1%

0.2%

0.4%

0.2%

100%

-

  

 Days on Mkt3

69

114

148

130

235

202

62

196

46

486

11

-

94

  

6 2010 Data As Of Nov 1, 2010 6

                           

Under
100K

100K
124K

125K
149K

150K
174K

175K
199K

200K
249K

250K
299K

300K
399K

400K
599K

600K
999K

 1
MIL +


TOTAL


AVGS

Dollar
Volume

Oct 20104

28

1

0

1

1

1

1

0

0

0

0

33

$63,709

$2,102,415

3rd Qtr 20104

100

15

3

5

3

3

3

1

0

0

0

133

$74,820

$9,951,054

2nd Qtr 20104

113

13

12

6

2

1

2

2

3

0

0

154

$82,666

$12,730,608

1st Qtr 20104

86

10

13

7

5

2

1

1

0

0

0

125

$81,315

$10,164,469

YTD 20104

327

39

28

19

11

7

7

4

3

0

0

445

$78,536

$34,948,546

% of Total

73.4%

8.8%

6.2%

4.2%

2.4%

1.6%

1.6%

0.9%

0.7%

0.0%

0.0%

100%

    

Days on Mkt5

70

111

136

98

181

96

135

309

143

N/A

N/A

-

86

  

 For Sale6

311

53

51

32

31

37

26

32

14

7

3

597

$145,900

$87,102,533

 Mon Supply7

10.0

12.0

19.7

16.0

28.6

63.4

44.6

96.0

56.0

84.0

72.0

-

13.9

  

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 2009 compared to 2008 (Black = Gain / Red = Loss)
2 Percent of total sales for 2009
3 Avg Days on Market are for sold homes for 2009
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 Nov 1, 2010 (click on "For Sale" to search for any home in metro Atlanta)
7 Months Supply on Market as of Nov 1, 2010

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 Nov 18, 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
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



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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