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FAYETTE NEW HOME SALES BY MONTH
The 1st table shows monthly unit sales for new homes for 2006 through YTD 2011 with annual totals and percent gains / losses compared to the previous year. New home sales in previous years had accounted for 21% of total home sales in Fayette County. However, in 2008 the percentage fell to 16% and in 2009 it fell to 13%.. 2007 and 2008 saw new home sales take a nose dive posting a 37.8% and 34.1% loss respectively in unit sales. 2009 saw a continued decline in new home sales dropping another 23.1% with 2010 falling another 47.9%. Sept 2010 posted the lowest unit sales in the past 3 decades, Jan the 2nd worst, and Nov the 3rd worst. Compared to 2005, Fayette's market peak year, 2010 new home sales were down 84.7% (478 v. 73).
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Total |
Loss |
% Loss | |
|
2007 |
20 |
17 |
24 |
30 |
24 |
30 |
24 |
32 |
23 |
13 |
23 |
16 |
276 |
- 168 |
- 37.8% |
|
2008 |
11 |
18 |
14 |
15 |
15 |
24 |
16 |
19 |
13 |
19 |
8 |
10 |
182 |
- 94 |
- 34.1% |
|
2009 |
14 |
7 |
8 |
8 |
16 |
18 |
13 |
10 |
16 |
11 |
11 |
8 |
140 |
- 42 |
- 23.1% |
|
2010 |
2 |
7 |
13 |
9 |
6 |
7 |
4 |
7 |
1 |
8 |
3 |
6 |
73 |
- 67 |
- 47.9% |
|
2011 |
2 |
9 |
4 |
* |
15 |
- 7 |
- 31.8% |
* 6 new homes Under Contract scheduled to close in Apr 2011
NOTE: This report prepared on Apr 6, 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 on the next quarterly report.
FAYETTE NEW HOME SALES BY PRICE
This table shows the annual unit sales for new homes for 2006 through YTD 2011 for each designated price range with unit and percentage increases together with days on the market. Fayette County new home sales continue to be predominately under $400,000 representing 54% of the unit sales in 2010. The average new home sale price for 2010 was $410,858 (up 8.6% from 2009) selling at an average of 95.7% of list price. As of Apr 1, 2011 there were 1,231 existing homes and 73 new for a total of 1,304 homes for sale in Fayette County.
|
|
Under 100K |
100K |
125K 149K |
150K 174K |
175K 199K |
200K 249K |
250K 299K |
300K 349K |
350K 399K |
400K 449K |
450K 499K |
500K |
600K & |
|
|
Dollar |
|
2006 |
0 |
0 |
14 |
8 |
4 |
39 |
47 |
74 |
71 |
36 |
31 |
40 |
80 |
444 |
$432,267 |
$191,926,548 |
|
2007 |
0 |
0 |
4 |
5 |
0 |
21 |
31 |
36 |
65 |
17 |
12 |
29 |
56 |
276 |
$450,160 |
$124,244,160 |
|
2008 |
0 |
1 |
10 |
2 |
1 |
21 |
25 |
16 |
33 |
17 |
15 |
14 |
27 |
182 |
$418,259 |
$76,123,138 |
|
2009 |
0 |
2 |
0 |
9 |
8 |
15 |
17 |
23 |
19 |
8 |
13 |
11 |
15 |
140 |
$378,373 |
$52,972,220 |
|
2010 |
0 |
0 |
1 |
2 |
6 |
8 |
4 |
9 |
10 |
7 |
5 |
12 |
9 |
73 |
$410,858 |
$29,992,659 |
|
Gain/Loss1 |
0 |
- 2 |
+ 1 |
- 7 |
- 2 |
- 7 |
- 13 |
- 14 |
- 9 |
- 1 |
- 8 |
+ 1 |
- 6 |
- 67 |
+ $ 32,485 |
- $22,979,561 |
|
%Gain/Loss1 |
|
- |
+ |
- |
- |
- |
- |
- |
- |
- |
- |
+ |
- |
- |
+ |
- |
|
% of Total2 |
0.0% |
0.0% |
1.3% |
2.7% |
8.2% |
11.0% |
5.4% |
12.3% |
13.7% |
9.6% |
6.8% |
16.4% |
12.3% |
100% |
- |
|
|
Days on Mkt3 |
N/A |
N/A |
160 |
134 |
161 |
195 |
97 |
164 |
309 |
206 |
142 |
193 |
43 |
- |
178 |
|
|
| ||||||||||||||||
|
6 2010 Data As Of Apr 1, 2011 6 | ||||||||||||||||
|
|
Under |
100K |
125K |
150K |
175K |
200K |
250K |
300K |
350K |
400K |
450K |
500K |
600K & |
|
|
Dollar |
|
1st Qtr 20114 |
0 |
0 |
0 |
0 |
3 |
2 |
0 |
4 |
5 |
0 |
1 |
0 |
0 |
15 |
$457,379 |
$2,744,272 |
|
| ||||||||||||||||
|
YTD 20104 |
0 |
0 |
0 |
0 |
3 |
2 |
0 |
4 |
6 |
0 |
1 |
0 |
0 |
15 |
$410,858 |
$29,992,659 |
|
% of Total |
0.0% |
0.0% |
1.3% |
2.7% |
8.2% |
11.0% |
5.4% |
12.3% |
13.7% |
9.6% |
6.8% |
16.4% |
12.3% |
100% |
||
|
Days on Mkt5 |
N/A |
N/A |
160 |
134 |
161 |
170 |
103 |
143 |
292 |
211 |
125 |
145 |
6 |
- |
171 |
|
|
0 |
0 |
0 |
0 |
1 |
16 |
12 |
6 |
10 |
1 |
8 |
8 |
12 |
73 |
$425,199 |
$31,039,500 | |
|
Mon Supply7 |
0.0 |
0.0 |
0.0 |
0.0 |
2.0 |
24.0 |
14.4 |
10.2 |
7.5 |
2.0 |
19.2 |
10.7 |
28.8 |
- |
13.2 |
|
MONTHS SUPPLY LEGEND: GREEN=GOOD MARKET CONDITIONS BLUE=AVERAGE MARKET CONDITIONS ORANGE=EXTRA MARKETING REQUIRED RED=INTENSE MARKETING REQUIRED
1 Unit and percentage gains are for 2010 compared to 2009
2 Percent of total sales for 2010
3 Avg Days on Market are for sold homes for calendar year 2010
4 Unit sales for designated mon, qtr, or yr
5 Days on Market for past 12 months of Sold Homes
6 Number of new homes for sale as of Apr 1, 2011 (click on "For Sale" to search for any home in metro Atlanta)
7 Months Supply on Market as of Apr 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.
This report prepared on Apr 6, 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 on the next quarterly report.
Southern Crescent Counties - All Home Sales
2010 vs 2006 Comparison
|
County |
2010 |
2006 |
% |
'10 # |
'06 # |
% |
2010 |
2006 |
% |
Months |
|
$330,052,547 |
$1,071,806,494 |
- 69.2% |
2,629 |
5,258 |
- 50.0% |
$125,543 |
$203,843 |
- 38.4% |
9.2 | |
|
$253,303,024 |
$658,550,244 |
- 61.5% |
1,016 |
2,103 |
- 51.7% |
$249,314 |
$313,148 |
- 20.3% |
13.7 | |
|
$251,786,304 |
$621,387,354 |
- 59.4% |
1,568 |
3,017 |
- 48.0% |
$160,578 |
$205,962 |
- 22.0% |
11.6 | |
|
$213,792,000 |
$476,536,931 |
- 55.1% |
2,227 |
2,801 |
- 20.4% |
$96,000 |
$170,131 |
- 43.5% |
8.7 | |
|
$186,964,479 |
$596,497,620 |
- 68.7% |
3,393 |
4,535 |
- 25.1% |
$55,103 |
$131,532 |
- 58.1% |
7.4 | |
|
$168,199,580 |
$407,059,374 |
- 58.7% |
1,465 |
2,234 |
- 34.4% |
$114,812 |
$182,211 |
- 37.0% |
11.1 | |
|
$87,267,194 |
$228,555,738 |
- 61.8% |
1,099 |
1,602 |
- 31.3% |
$79,406 |
$142,669 |
- 44.3% |
10.1 | |
|
$62,240,380 |
$137,736,490 |
- 54.8% |
580 |
1,006 |
- 42.3% |
$107,311 |
$136,915 |
- 21.6% |
13.2 | |
|
$42,510,982 |
$117,200,250 |
- 63.7% |
527 |
970 |
- 45.7% |
$80,666 |
$120,825 |
- 33.2% |
13.9 | |
|
TOTAL |
$1,596,116,490 |
$4,315,330,495 |
- 63.0% |
14,504 |
23,526 |
- 38.3% |
$110,047 |
$183,428 |
- 40.0% |
10.7 |
|