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SALES BY MONTH
The 1st table shows monthly unit sales for new homes for 2006 through YTD 2010 with annual totals and percent gains compared to the previous year. New home sales in previous years had accounted for 42% of total home sales in Coweta County. However, in 2008 the percentage fell to 34% and in 2009 it fell to 25%.. 2007 and 2008 saw new home sales take a nose dive posting a 19.7% and 39.8% loss respectively in unit sales. 2009 saw a continued decline in new home sales dropping another 33% with 2010 falling another 28.9%. Jan, Feb, & Oct 2010 posted the lowest monthly unit sales in the past decade. Compared to 2006 sales, the market peak year, 2010 new home sales are down 76.8%.
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Total
Gain
% Gain
2006
82
104
128
102
105
148
93
122
101
90
85
91
1,251
+ 108
+ 9.4%
2007
67
80
103
82
103
103
107
103
74
53
74
56
1,005
- 246
- 19.7%
2008
45
48
67
57
60
68
59
49
55
35
25
37
605
- 400
- 39.8%
2009
27
31
37
29
36
45
45
29
29
25
36
39
408
- 197
- 32.6%
2010
11
15
37
25
32
47
22
18
18
15
17
33
290
- 118
- 28.9%
1% Diff 06 v 10
- 86.6%
- 85.6%
- 71.1%
- 75.4%
- 69.5%
- 68.2%
- 76.3%
- 85.2%
- 82.1%
- 83.3%
- 80.0%
- 63.7%
- 961
- 76.8%
1 2010 % decrease compared to 2006, Coweta's all time high
* 12 new homes Under Contract scheduled to close in Jan 2011
NOTE: This report prepared Jan 17, 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.
SALES BY PRICE
This table shows the annual unit sales for new homes for 2006 through YTD 2010 for each designated price range with unit and percentage increases together with days on the market. Coweta County new home sales continue to be predominately under $250,000 representing 52% of the unit sales in 2010. The average new home sale price for 2010 was $255,818 (up 6.7% from 2009) selling at an average of 97.7% 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 Countyrepresenting a blended average of a 11.4 months supply of homes for sale.