Life & Real Estate In & Around Athens GA. : March 2010

Oglethorpe County, Ga Residential Real Estate Market Report and Stats for Feb. 2010

Oglethorpe County Ga Courthouse photo by Mike Saunders

Oglethorpe County, Ga 12 month sliding average of residential sales has shown a slight volume increase of 2 units after being flat for 4 months. Both January and February of this year have shown a sales volume higher than any of the other previous 11 months.  This trend is a pretty good indicater that sales volume has bottomed in Oconee County and may be recovering.

The average selling price, while flat to slightly higher is still down significantly from the same period last year. This is most likely due to the increasing influence of ROE (foreclosure) sales, short sales and sales to first time home buyers.The average Days on Market (D.O.M.), which has been rising again is still below but approaching it's highs of April. The median sales price has remained relatively flat for 7 straight months showing some stabilization.

Residential sales include the sale of single family residences, condos, townhomes, mobile and modular homes.

The Oglethorpe Count pending residential sales at the end of February are 15 units.

The following chart tracks the sliding 12 month averages for Oglethorpe County Ga through Aug 31, 2009:

 

     Oglethorpe County         
Date DOM  Average     Median    # sold
1-Mar-09 161  $132,423.00    $134,950.00   80
1-Apr-09 174  $133,678.00    $134,900.00   77
1-May-09 158  $128,868.00    $125,875.00   78
1-Jun-09 166  $131,032.00    $125,875.00   86
1-Jul-09 164  $127,220.00    $127,000.00   87
1-Aug-09 169  $120,862.00    $117,000.00   86
1-Sep-09 163  $117,237.00    $114,500.00   88
1-Oct-09 164  $119,434.00    $114,000.00   85
1-Nov-09 170  $124,039.00    $117,500.00   86
1-Dec-09 173  $115,156.00    $115,000.00   86
1-Jan-10 169  $114,062.00    $114,000.00   87
1-Feb-10 168  $113,210.00    $114,000.00   89
1-Mar-10 176  $113,829.00    $115,000.00   89

All figures above are for 12 months and provide a clear picture of year to year and month to month trends in the market. Using annual numbers helps smooth out any temporary spikes or dips from month to month as well as shows the year to year comparisons which is an indicater of how the market is doing year to year.

For more information on Oglethorpe County, GA or if you are interested in buying or selling your home here, please call me at 706-207-5290. Or you can click here to email me with your inquiries. To search for homes in Oglethorpe County please visit my website The Athens Real Estate Page.

1 comment • Mike Saunders - Athens, Ga & Surrounding Communities • March 30 2010 01:51PM

Greater Athens Area Residential Real Estate Monthy Statistics Charts, June 2009 - Feb. 2010

The following charts show the month to month residential real estate sales volume of the Greater Athens Ga metropolitan area for the months of June 2009 through Jan. 2010.

Chart 1 shows the trends for both the number of residential units sold and the average number of Days on Market (D.O.M.) for those units. February shows a slight increase in the sales volume, after 2 months of decline in December & January. This is probably due to buyers coming back into the market to take advantage of the extended First Time Home Buyers Tax Credit extension as well as the Repeat Home Buyers Tax Credit.

Athens Ga Area Sale Volume & Days On Market Chart - June 2009 - Feb. 2010 by Mike Saunders

Chart 1

The total number of residential units sold in February was 86, up 4 units from January. While not a tremendous increase in sales, it does show a reverse in the trend from December and January.  The average days on market did increase to 207 days in February, an increase of over a month from January but still down from the highs of Decmeber, September and July.

Chart 2 is tracking both the average and the median price of residential sales in the greater Athens metropolitan area. The average price showed a slight increase from $145,930 to $146,378 while the median price showed a much larger increase from $128,000 to $143,000. This is certainly a positive sign showing that more buyers are purchasing homes at a slightly higher price.

Athens Ga Area Real Estate Price Chart June 2009 - Feb. 2010 by Mike Saunders

Chart 2

The Greater Athens Metropolitan area, for this report, includes Athens-Clarke County, Oconee County, Oglethorpe County, Jackson County and Madison County. All figures come from the Athens Area Association of Realtors® multiple listing service (MLS).

For more information about real estate in the Athens, GA area, or, if you are looking to buy or sell real estate in the Athens Ga area and surrounding counties, please call me at 706-207-5290, or, you can click here to email me with any questions. To search for homes, land and other real estate in the Athens Ga area please visit my website, The Athens Real Estate Page.

2 comments • Mike Saunders - Athens, Ga & Surrounding Communities • March 30 2010 01:24PM

Active Rainer NEEDS Your Help PLEASE!

 

This is a tragedy that needs all of us to help. Please note, the town for the Community Bank of the South is Rockledge. Please put this family in your prayers, and, if you can, write a check!

 

Via Nestor & Katerina Gasset Realtors® Wellington Florida Luxury Homes (International Properties and Investments, Inc.):

Please reblog this post so that we can help get the word out about Denise Shockey's family's tragedies. 

Denise Shockey is very near and dear to my heart. She is one of the agents that I have had the privilage to coach. We even have split short sale deals together. Denise is such a hard and smart worker. She works for Re/Max in Cocoa Beach Florida. 

She had her whole team up and running. Denise is a go getter and was really going to the top. Right as everything was put into place and her team was in the growth stages- tragedy hit her and her family and hit her hard. They say that bad stuff happens in threes, well, Denise has had more than her share this last few weeks. 

Denise's husband and son are near dying.

She needs our help. Denise is very brave and independent and up until now has not wanted me to reach out to Active Rain for help. But the time has come and she is now asking that I speak in her behalf. 

John Shockey was the Police Chief in their home town of Rockledge Florida. He served for many years as a very respected Police Chief. He started to feel a lot of stress back in October of 2009. He felt it best if he retired at that time to relieve some of the stress. He was helping Denise in her business and was planning on partnering with her as an agent. It was all mapped out. But then he ended up in the hospital. 

The doctors determined that he had a heart attack back when he was still a Police Chief and that is what that stress feeling was all about. This kind of heart attack is called, "the Widow Maker". He is not in operating condition right now, it is that bad. His LAD artery is has 100% blockage. He is at risk of sudden death at any time. The doctors have placed him on a transplant list at Shands Medical Center in Florida. His heart only works at 20% capacity and he can die at any moment. 

John was approved for social security benefits but those funds will not start coming in for another five months. In the meantime Denise is trying to hold it all together. There is no way she can do this on her own. 

A couple of the agents in her office are helping her with her short sale listings and files. There is no way she can concentrate on new business right now. It is just so heart wrenching to watch someone close to you go through this and feel so helpless. She has hope, she has faith in God, she takes time to pray. 

Then as I said, tragedy does not strike once- her son was in a very bad accident and he is only 18 years old. When she arrived at the hospital her son was in a coma and was on life support. What more could be asked of Denise to bear. Dylan is her son's name. Dylan was able to have brain surgery but he is going to have a very long recovery time. Right now, Dylan has severe brain damage and is behaving at an emotional level of a five year old. 

Now we all know that when you work in real estate if you are not closing deals you are not making money so needless to say, they are going to lose their home also. They are trying to sell it as a short sale. There is just no way that Denise can keep up the payments plus take care of two men in her life who need her full time help. I am crying as I write this request for us to please start a prayer chain for Denise and her family. Please reblog this and ask everyone you know to please pray for Denise, John and Dylan. Please flag this post to get featured so we can get as many eyes as we can on this post to help Denise. 

Some of her friends in Cocoa Beach have set up a medical account at the Community Bank of the South in Rockledge Florida. The phone number to the bank is 321-638-8939 and the address of the bank is 1902 Fiske Blvd. Rockedge Florida 32955

If you could find it in your heart to please send a small payment to help Denise and her family we would so appreciate it. If you could go without one meal once a week for one month and send the equavilent to the medical account- you would be really helping a family that really needs our help and does do everything in their own control to take care of themselves. 

This is not a scam. If you want to double check you can see that Denise Shockey is a member of Active Rain here. You can also call her broker to make sure this story is true. His name is Ralph Cochran at Re/Max Absolute at 321-255-1423 You can also check up on her at the Space Coast Association of Realtors at 321-452-9490 and ask for Brenda Warner. 


 

 


5 comments • Mike Saunders - Athens, Ga & Surrounding Communities • March 30 2010 10:32AM