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
Monday, June 23, 2008
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