Wednesday, December 17, 2008

Market Trends Report - November 2008

November 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 245 vs. 249 in October. Please note inventory numbers below.

Days on market for November were 258 vs. 148 in October. (Homes sold) 194 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 64.0 months vs. 43.2 last month.

Average listing-to-sold ratio YTD is 87.5%.
Note: C21 sales ratio is 93.7% YTD. That’s a lot of money in your pocket. On a $400,000 home we would be saving you over $20,000.00. Why use any other broker for a decision so important?

71 homes have sold YTD vs. 98 homes YTD November 2007; vs. 154 homes YTD November 2006 and vs. 174 homes YTD in November 2005.

The average sales price in November was $480,750 compared to $383,381 in November 2007.




Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 31.53% vs. YTD 2007. We are pleased to say that our business is up 29.07%.

Months of inventory has jumped to 64.0 months. We had been seeing downward movement in this number for the past few months. But remember, sales in December always slow down; thus a major build up of inventory.

Yes, selling activity for November and December traditionally slows down. However, if you do have a buyer looking at your home, they are probably pretty serious. So please make sure you’re home is always ready for that perfect showing.

Nationally, pending home sales are holding stable. A sign that many industry experts feel a bottoming out is starting to occur. Additionally, foreclosure activity for November showed a 7% decrease from the previous month. Again, industry experts feel the loan modification programs and new foreclosure processes are working in a positive fashion.

So yes, that’s what is going on in the market, but what are we doing? Well, after almost three months, we are getting ready to launch our new website. With 84% of all home purchasers spending two weeks researching on the internet before they contact an agent, we must continue to invest in this technology. We are all very excited… and we are sure you will be to. Be looking for www.BCHomesAndLand.com.

And remember, Location, Condition & Price must all line up to sell your home.


Till next time,

Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS

Monday, November 17, 2008

Market Trends - October 2008

October 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 249 vs. 245 in September. Please note inventory numbers below.

Days on market for October were 116 vs. 183 in September. (Homes sold) 195 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 43.2 months vs. 30.1 last month.

Average listing-to-sold ratio YTD is 89.6%.
Note: C21 sales ratio is 94.0% YTD. That’s a lot of money in your pocket. On a $400,000 home we would be saving you over $20,000.00. Why use any other broker for a decision so important?

63 homes have sold YTD vs. 88 homes YTD October 2007; vs. 138 homes YTD October 2006 and vs. 172 homes YTD in October 2005.

The average sales price in October was $369,083 compared to $493,197 in October 2007.







Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 30.70% vs. YTD 2007. We are pleased to say that our business is up 15.05%.

Months of inventory has jumped to 43.2 months. We had been seeing downward movement in this number for the past few months. Remember, in January, we had a 40 month supply… this is now the highest month all year.

We began to increase our optimism in September which resulted in October being the best month we had all year. In addition, residential resales nationally rose 5.5% and new construction sales rose 2.2%. Pending sales for November looked good, then November 1st came and it stopped. We have seen a dramatic fall off of potential buyer activity. We are hoping is it just because of the holiday season.

As a company, we have sold over 23% of the residential resales (does not include new construction) in Big Canoe. Our market share continues to increase for reasons such as multiple web-sites, marketing outside of the gate, strong databases, systems that work & the most highly trained sales professionals in this market, to name just a few.

You never know when a buyer is going to come through the door so always have your home ready.

And remember, Location, Condition & Price must all line up to sell your home.


Till next time,

Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS

Thursday, October 23, 2008

Market Trends Report - September 2008

September 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 245 vs. 250 in August. Please note inventory numbers below.

Days on market for September were 183 vs. 182 in August. (Homes sold) 210 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 30.1 months vs. 23.0 last month.

Average listing-to-sold ratio YTD is 89.6%.
Note: C21 sales ratio is 94.0% YTD. That’s a lot of money in your pocket. On a $400,000 home we would be saving you over $20,000.00. Why use any other broker for a decision so important?

55 homes have sold YTD vs. 76 homes YTD September 2007; vs. 115 homes YTD September 2006 and vs. 157 homes YTD in September 2005.

The average sales price in September was $431,673 compared to $365,670 in September 2007… an 18% increase.





Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 28.73% vs. YTD 2007. We are pleased to say that our business is up 15.05%.

Months of inventory have jumped to approx. 2.5 years. We had been seeing downward movement in this number for the past few months. Remember, in January, we had a 40 month supply.

When you talk to most people who have never been to Big Canoe, they think we are an expensive community. Yet 38% of our homes sold this year are under $300,000… 58% under $400,000.

If you have been following the trend line, you have seen that sales this year started out in the lower price points and have worked upward. We are seeing fairly good activity in the $300.0-350.0K area & are not seeing activity in the $400,000 price point. Folks, this is a good thing.

Not much has changed since last month. We still need activity above $400,000 to increase…and it will. We actually saw sales in Big Canoe soften way before many other markets. Ultimately, we will bounce back much sooner. Frankly, we are looking for an upswing in 2009.

Keep your home looking good; be ready for that ultimate buyer.

Remember; make sure home is priced right. If you have to work short you’ll make it up on the other side…everything is relevant. And you are right – the real estate market will jump back.


Till next time,

Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS

Thursday, September 18, 2008

Market Trends Report - August 2008

August 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 250 vs. 250 in July. Please note inventory numbers below.

Days on market for August were 182 vs. 121 in July. (Homes sold) 204 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 23.0 months vs. 30.6 last month.

Average listing-to-sold ratio YTD is 89.0%.
Note: C21 sales ratio is 95.0% YTD. That’s a lot of money in your pocket. On a $400,000 home we would be saving you over $20,000.00. Why use any other broker for a decision so important?

46 homes have sold YTD vs. 61 homes YTD August 2007; vs. 106 homes YTD August 2006 and vs. 135 homes YTD in August 2005.

The average sales price in August was $263,750 compared to $500,000 in August 2007.






Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 33.04% vs. YTD 2007.

Months of inventory have dropped to approx. 2.0 years. We have seen downward movement in this number for the past few months. In January, we had a 40 month supply.

When you talk to most people who have never been to Big Canoe, they think we are an expensive community. Yet 36% of our homes sold this year are under $300,000… 59% under $400,000.

If you have been following the trend line, you have seen that sales this year started out in the lower price points and have worked upward. We are seeing fairly good activity in the $300.0-350.0K area & are now seeing activity in the $400,000 price point. Folks, this is a good thing.

In this kind of market, many people, if they see no activity, second guess whether or not they selected the right agent/broker. Well, we are pleased to announce that Century 21 Best Mountain Properties has captured (sold) 25.97% of the listings sold in Big Canoe (does not include new construction). The closest broker to us is…well, you guess who, at 14.42% & it goes down hill from there. As a matter of fact, our limited service broker is at 3.62%... I guess you get what you pay for.

Folks, the agents at “Best Mountain Properties” know what they are doing… Listen to them!

And remember, it’s all about, “Location, Condition and Price”.

And again, we have made another major investment for you. We are pleased to announce the addition of our “moving truck”. That’s right… “Buy or Sell” a home with our team and use our Moving Truck for FREE!

Till next time,

Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS

Tuesday, August 26, 2008

Market Trends Report - July 2008

July 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 250 vs. 250 in June. Please note inventory numbers below.

Days on market for July were 121 vs. 220 in June. (Homes sold) 203 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 30.6 months vs. 69.2 last month.

Average listing-to-sold ratio YTD is 90.5%.
Note: C21 sales ratio is 95.3% YTD. That’s a lot of money in your pocket. On a $400,000 home we would be saving you over $20,000.00. Why use any other broker for a decision so important?

42 homes have sold YTD vs. 51 homes YTD July 2007; vs. 75 homes YTD July 2006 and vs. 75 homes YTC in July 2005.

The average sales price in July was $347,600 compared to $262,500 in July 2007.

Big Canoe Community Homes Sold in 2008:

Price Range # Sold % Sold # Listed % Listed
Less than $200K 2 5% 12 5%
$201K - $250K 8 19% 14 6%
$251K - $300K 3 7% 22 9%
$301K - $350K 5 12% 26 10%
$351K - $400K 5 12% 24 10%
$401K - $500K 7 17% 49 20%
$501K - $600K 3 7% 36 14%
$601K - $700K 5 12% 26 10%
$701K 4 10% 41 16%
TOTAL 42 100% 250 100%


Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 8.83% vs. YTD 2007.

Months of inventory have dropped to approx. 2.5 years. As you can see, the real activity is $200.0K - $500.0K which represents 67% of the homes sold YTD.

Our new website (www.AtlantaMountainHomes.com) is showing nice activity. With our new “Lead Router” program, our agents are capturing potential buyers and thus the selling process begins.

And again, we have made another major investment for you. We are pleased to announce the addition of our “moving truck”. That’s right… “Buy or Sell” a home with our team and use our Moving Truck for FREE!


Till next time,



Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS

Thursday, July 17, 2008

Market Trends Report - June 2008

June 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 250 vs. 241 in May. Please note inventory numbers below.

Days on market for June were 220 vs. 110 in May. (Homes sold) 200 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 69.2 months vs. 44.7 last month.

Average listing-to-sold ratio YTD is 90.8%.
Note: C21 sales ratio is 95.7% YTD. That’s a lot of money in your pocket. On a $400,000 home we would be saving you over $20,000.00. Why use any other broker for a decision so important?

37 homes have sold YTD vs. 48 homes YTD June 2007 and vs. 78 homes YTD June 2006.

The average sales price in June was $726,892 compared to $467,900 in May 2007.




Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 16.5% vs. YTD 2007.

We now have over a five year supply of inventory and growing. Inventory above $400,000 continues to grow and quite honestly is concerning. With this much inventory, you must do everything possible to not be eliminated from someone’s search. Remember, it’s not about fixing something, or replacing something, or hoping for an offer; you simply don’t get another chance.

On a positive note, buyer activity has improved. Just this morning there were two offers on our fax. And remember – in today’s market, everyone expects a buy.

Once again we have made another major investment in technology. Ask your agent to explain “Lead Router”.


Till next time,

Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS

Monday, June 23, 2008

May 2008 Market Trends Report

May 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 241 vs. 246 in April. Please note inventory numbers below.

Days on market for May were 110 vs. 175 in April. (Homes sold) 204 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 44.7 months vs. 68.0 last month.

Average listing-to-sold ratio YTD is 91.8%.
Note: C21 sales ratio is 95.7% YTD. That’s a lot of money in your pocket. On a $400,000 home we would be saving you over $15,000.00. Why use anyone else for a decision so important?

31 homes have sold YTD vs. 31 homes YTD May 2007 and vs. 75 homes YTD May 2006.

The average sales price in May was $234,000 compared to $467,900 in May 2007.





Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 16.00% vs. YTD 2007. We are showing improvement.

We now have almost four years of inventory on the market. That is a two year improvement vs. last month.

Overall inventory continues to stabilize. This is a good sign.

Although the market is down, our company continues to show signs of improvement. We continue to increase our marketing efforts to sell your homes. We have added two new web-sites and have dramatically expanded our print campaign while everyone else is pulling back. Check out the newest addition of Homes and Land.

As buyers begin their search for a new home, they are looking for reasons to eliminate homes from their search. Be sure not to give them a reason to eliminate yours.

We have just launched a new web-site: www.AtlantaMountainHomes.com. It is dedicated exclusively to the Community of Big Canoe. Check it out!


Till next time,

Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS