December 2007 YTD Home-Site Market Trends for The Big Canoe Community:
There are currently 111 home-sites currently on the market in The Big Canoe Community, which has dropped by 20 during the past 60 days.
The median price for all listings in $149,999.
The median price for all sold sites is $100,000.
The overall market in total dollars is down 46.2% YTD vs. YTD 2006.
In units, the market is down 50% (20 vs. 40).
Average days on market for units sold are 127.
Currently we have a 134 month supply of inventory.
Summary:
2007 was not an easy year to sell homes-sites in Big Canoe. Going into 2008 with a 11.2 year supply of inventory sets up strongly for a buyer’s market. 48% of all the lots sold in Big Canoe were below $100,000.
On the plus side, many builders are getting their inventories in line. Local banks are anxious to lend money on lots and “oh ya” rates are pretty darn good.
Folks, many people ask us, “Are we at the bottom?” The only way to know if you hit bottom is when its on its way up…its then too late. Just like the stock market.
Bottom line: Its now the time to buy!! Please let your friends and family know that.
Until Next Time (60 days),
The Beechler Group
Tom & Kelly
Source: Brokermetrics
Friday, February 1, 2008
Market Trends for Homes in The Community of Big Canoe - December 2007
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
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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