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