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

Oconee County, GA Residential Real Estate Market Report & Stats for June 2010

Elder Mill Covered Bridge, Oconee County Ga Photo By Mike Saunders

June 2010 residential real estate sales volume in Oconee, GA showed sales flat in the 12 month sliding sales volume from May, after being basically flat from April. The volume is holding steadily higher than the same period a year ago. The average Days on Market (D.O.M.)  rose slightly in the same period. The average sales price is down slightly from May while the medial price has risen slightly. Both are down from the same period in 2009. 

Sales volume was up very slightly in both South and West Oconee County, as were the average and median sales prices. Watkinsville had slightly reduced volume and prices. At the end of June there were 39 pending sales of residential property in Oconee County.

The following tables show the sliding 12 month residential sales volume in Oconee County over the last 12 months through June 30, 2011:

 

     Oconee County         
Date DOM  Average     Median    # sold
1-Jul-09 217  $293,272.00    $   239,450.00   300
1-Aug-09 223  $284,824.00    $   245,000.00   316
1-Sep-09 226  $291,198.00    $   245,000.00   303
1-Oct-09 234  $292,215.00    $   245,000.00   303
1-Nov-09 234  $296,288.00    $   253,000.00   294
1-Dec-09 233  $287,728.00    $   245,000.00   305
1-Jan-10 228  $283,674.00    $   240,000.00   319
1-Feb-10 232  $283,077.00    $   239,250.00   318
1-Mar-10 229  $284,813.00    $   239,750.00   310
1-Apr-10 242  $282,785.00    $   239,500.00   337
1-May-10 232  $282,285.00    $   236,850.00   341
1-Jun-10 223  $279,644.00    $   232,000.00   342
1-Jul-10 226  $273,325.00    $   236,000.00   342

     South Oconee          
Date DOM  Average     Median    # sold
1-Jul-09 226  $281,749.00    $233,950.00   50
1-Aug-09 226  $264,332.00    $210,600.00   51
1-Sep-09 223  $267,070.00    $210,000.00   49
1-Oct-09 220  $257,823.00    $206,000.00   49
1-Nov-09 230  $252,230.00    $206,750.00   42
1-Dec-09 224  $254,025.00    $210,600.00   45
1-Jan-10 225  $249,662.00    $211,750.00   48
1-Feb-10 231  $246,973.00    $212,900.00   49
1-Mar-10 227  $245,934.00    $211,750.00   50
1-Apr-10 235  $260,150.00    $235,000.00   46
1-May-10 185  $268,313.00    $243,500.00   38
1-Jun-10 188  $281,712.00    $252,850.00   36
1-Jul-10 216  $286,918.00    $252,850.00   38

     West Oconee         
Date DOM  Average     Median    # sold
1-Jul-09 253  $254,959.00    $   210,000.00   99
1-Aug-09 253  $256,298.00    $   218,500.00   102
1-Sep-09 259  $256,160.00    $   212,500.00   98
1-Oct-09 267  $254,906.00    $   212,500.00   100
1-Nov-09 273  $258,186.00    $   215,000.00   95
1-Dec-09 270  $252,530.00    $   209,400.00   97
1-Jan-10 241  $251,078.00    $   212,500.00   104
1-Feb-10 239  $247,448.00    $   208,403.00   106
1-Mar-10 239  $251,270.00    $   212,200.00   102
1-Apr-10 231  $246,957.00    $   207,203.00   108
1-May-10 230  $251,635.00    $   207,405.00   108
1-Jun-10 220  $238,394.00    $   200,000.00   104
1-Jul-10 217  $242,616.00    $   204,900.00   106

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

1 comment • Mike Saunders - Athens, Ga & Surrounding Communities • July 29 2010 08:37PM

Greater Athens Area Residential Real Estate Sales Volume Drops in June After 4 Straight Months of Rising Volume - Residential Real Estate Montly Statistics Charts, June 2009 - June 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 June 2010. Sales volume of residential real estate has decrease in June after managing increases for the previous 4 months from February through May, with May showing the second highest montly volume in the past 12 months.

The largest drops in volume were in Athens-Clarke County and Oglethorped County, with Jackson County and Watkinsville showing small decreases. Oconee County and Madison County both had increased sales volume.

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. May shows another increase in the sales volume, after increases in February March and April. 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 Real Estate Price Chart June 2009 - June 2010 by Mike Saunders

Chart 1

The total number of residential units sold in June 2010 was 164 units, down 17 units, almost 10%, from May. While volume was down from theprevious month it is still a good showing when comparing with only May showing stronger volume since August of last year. The average days on market did have a very large increase of 24%. Much of this increase, thought, is more than likely due to the extended closing times of homes with contracts signed at the end of April in order to be eligible for the tax credit.

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

Chart 2

Chart 2 shows that prices have increased since June with an average sales price of $177,893.00. Median prices are also up with a median price of $155,000. The average sales price is the highest it has been in 2010 while the median price is the highest since October 2009. Whether or not this is a trend will depend upon whether these prices remain at this level of higher for July and beyond.

The Greater Athens Metropolitan area, for this report, includes Athens-Clarke County, Oconee County, Oglethorpe County, Jackson County and Madison County. All chart information is derived from data in 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 to email me at athensrealestate@earthlink.net with any questions. To search for homes, land and other real estate in the Athens Ga area please visit my website, www.The Athens Real Estate Page.com .

7 comments • Mike Saunders - Athens, Ga & Surrounding Communities • July 26 2010 11:56AM