April 2008 Market Trends for the Big Canoe Community:
Current Home Inventory in Big Canoe is now at 246 vs. 243 in March. Please note inventory numbers below.
Days on market for April were 175 vs. 91 in March. (Homes sold) 197 Days on market… homes for sale.
Big Canoe’s overall month’s supply of inventory is … 68.0 months vs. 33.1 last month.
Average listing-to-sold ratio YTD is 91.6%.
Note: C21 sales ratio is 95.5% 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?
22 homes have sold YTD vs. 30 homes YTD April 2007 and vs. 62 homes YTD April 2006.
The average sales price in April was $445,450 compared to $410,000 in April 2007.
Market Trends for the Community of Big Canoe Summary:
Overall volume (dollars) in The Community of Big Canoe is down 29.00% vs. YTD 2007. We are showing improvement.
We now have almost six years of inventory on the market.
Although inventory continues to build, overall volume dropped from 34.5% in March to 29.0% in April. Lets hope this is a sign of the market bottoming.
Nationally, existing home sales dropped 1% in the month of April. Within that number, condos dropped 5.2%, while single family homes dropped 0.5%. Regionally, the Midwest dropped 6%, Northeast 4.4%, the West rose 6.4%, and the South was flat. Another sign we may be bottoming.
Nationally, new home sales rose 3.3% in April. Another sign we may be bottoming.
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
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