December 2007 Market Trends for the Big Canoe Community:
Current Home Inventory in Big Canoe is now at 229 vs. 229 in November… no change. Please note inventory numbers below.
Days on market for December were 85 vs. 154.0 in November. (Homes sold) 196 Days on market… homes for sale.
Big Canoe’s overall month’s supply of inventory is … 62.5 months vs. 20.3 last month.
Average listing-to-sold ratio YTD is 91.3%.
Note: The Beechler Group’s sales ratio is 97.6% YTD. That’s a lot of money in your pocket. On a $400,000 home we would be saving you over $40,000.00. Why would anyone use a limited service broker vs. The Beechler Group?
112 homes have sold YTD vs. 166 homes December 2006 vs. 191 December 2005.
The average sales price in December was $415,000 compared to $399,000 in November.
Market Trends for the Community of Big Canoe Summary:
Overall volume (dollars) in The Community of Big Canoe is down 29.4%, units are down 33.5% vs. YTD 2006. The good news is that it appears the market is bottoming out. We saw increases in Sept/Oct and even sales for Nov/Dec.
The above numbers speak for themselves. We now have a 62.5 month supply of inventory. That’s a major obstacle all of its own. With few buyers Location, Condition and Price are major, major factors in selling your home.
We are working very hard to find buyers for your homes. Internet activity has been relatively strong. Many customers are looking at your homes; they just haven’t moved forward and gone through the door. We continue to maintain our full color back page ad in the Smoke Signal. In addition, we have made a major investment in Homes & Land Magazine, having the back page for The Cobb, Cherokee, and Pickens Counties addition.
In summary, 2007 has not been a good year for the real estate industry. Yet every one at The Beechler Group remains optimistic. The industry feels our market will show signs of recovery by mid-year and we feel the same.
Until then,
Tom and Kelly
The Beechler Group
Source: BrokerMetrics / FMLS
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