Big Canoe GA Real Estate

Market Trends Report - November 2008

2008-12-17T10:41:00.000-08:00

November 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 245 vs. 249 in October. Please note inventory numbers below.

Days on market for November were 258 vs. 148 in October. (Homes sold) 194 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 64.0 months vs. 43.2 last month.

Average listing-to-sold ratio YTD is 87.5%.
Note: C21 sales ratio is 93.7% 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?

71 homes have sold YTD vs. 98 homes YTD November 2007; vs. 154 homes YTD November 2006 and vs. 174 homes YTD in November 2005.

The average sales price in November was $480,750 compared to $383,381 in November 2007.

Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 31.53% vs. YTD 2007. We are pleased to say that our business is up 29.07%.

Months of inventory has jumped to 64.0 months. We had been seeing downward movement in this number for the past few months. But remember, sales in December always slow down; thus a major build up of inventory.

Yes, selling activity for November and December traditionally slows down. However, if you do have a buyer looking at your home, they are probably pretty serious. So please make sure you’re home is always ready for that perfect showing.

Nationally, pending home sales are holding stable. A sign that many industry experts feel a bottoming out is starting to occur. Additionally, foreclosure activity for November showed a 7% decrease from the previous month. Again, industry experts feel the loan modification programs and new foreclosure processes are working in a positive fashion.

So yes, that’s what is going on in the market, but what are we doing? Well, after almost three months, we are getting ready to launch our new website. With 84% of all home purchasers spending two weeks researching on the internet before they contact an agent, we must continue to invest in this technology. We are all very excited… and we are sure you will be to. Be looking for www.BCHomesAndLand.com.

And remember, Location, Condition & Price must all line up to sell your home.

Till next time,

Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS

Market Trends - October 2008

2008-11-17T10:03:00.000-08:00

October 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 249 vs. 245 in September. Please note inventory numbers below.

Days on market for October were 116 vs. 183 in September. (Homes sold) 195 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 43.2 months vs. 30.1 last month.

Average listing-to-sold ratio YTD is 89.6%.
Note: C21 sales ratio is 94.0% 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?

63 homes have sold YTD vs. 88 homes YTD October 2007; vs. 138 homes YTD October 2006 and vs. 172 homes YTD in October 2005.

The average sales price in October was $369,083 compared to $493,197 in October 2007.

Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 30.70% vs. YTD 2007. We are pleased to say that our business is up 15.05%.

Months of inventory has jumped to 43.2 months. We had been seeing downward movement in this number for the past few months. Remember, in January, we had a 40 month supply… this is now the highest month all year.

We began to increase our optimism in September which resulted in October being the best month we had all year. In addition, residential resales nationally rose 5.5% and new construction sales rose 2.2%. Pending sales for November looked good, then November 1st came and it stopped. We have seen a dramatic fall off of potential buyer activity. We are hoping is it just because of the holiday season.

As a company, we have sold over 23% of the residential resales (does not include new construction) in Big Canoe. Our market share continues to increase for reasons such as multiple web-sites, marketing outside of the gate, strong databases, systems that work & the most highly trained sales professionals in this market, to name just a few.

You never know when a buyer is going to come through the door so always have your home ready.

And remember, Location, Condition & Price must all line up to sell your home.

Till next time,

Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS

Market Trends Report - September 2008

2008-10-23T06:35:00.001-07:00

September 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 245 vs. 250 in August. Please note inventory numbers below.

Days on market for September were 183 vs. 182 in August. (Homes sold) 210 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 30.1 months vs. 23.0 last month.

Average listing-to-sold ratio YTD is 89.6%.
Note: C21 sales ratio is 94.0% 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?

55 homes have sold YTD vs. 76 homes YTD September 2007; vs. 115 homes YTD September 2006 and vs. 157 homes YTD in September 2005.

The average sales price in September was $431,673 compared to $365,670 in September 2007… an 18% increase.

Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 28.73% vs. YTD 2007. We are pleased to say that our business is up 15.05%.

Months of inventory have jumped to approx. 2.5 years. We had been seeing downward movement in this number for the past few months. Remember, in January, we had a 40 month supply.

When you talk to most people who have never been to Big Canoe, they think we are an expensive community. Yet 38% of our homes sold this year are under $300,000… 58% under $400,000.

If you have been following the trend line, you have seen that sales this year started out in the lower price points and have worked upward. We are seeing fairly good activity in the $300.0-350.0K area & are not seeing activity in the $400,000 price point. Folks, this is a good thing.

Not much has changed since last month. We still need activity above $400,000 to increase…and it will. We actually saw sales in Big Canoe soften way before many other markets. Ultimately, we will bounce back much sooner. Frankly, we are looking for an upswing in 2009.

Keep your home looking good; be ready for that ultimate buyer.

Remember; make sure home is priced right. If you have to work short you’ll make it up on the other side…everything is relevant. And you are right – the real estate market will jump back.

Till next time,

Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS

Market Trends Report - August 2008

2008-09-18T07:32:00.001-07:00

August 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 250 vs. 250 in July. Please note inventory numbers below.

Days on market for August were 182 vs. 121 in July. (Homes sold) 204 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 23.0 months vs. 30.6 last month.

Average listing-to-sold ratio YTD is 89.0%.
Note: C21 sales ratio is 95.0% 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?

46 homes have sold YTD vs. 61 homes YTD August 2007; vs. 106 homes YTD August 2006 and vs. 135 homes YTD in August 2005.

The average sales price in August was $263,750 compared to $500,000 in August 2007.

Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 33.04% vs. YTD 2007.

Months of inventory have dropped to approx. 2.0 years. We have seen downward movement in this number for the past few months. In January, we had a 40 month supply.

When you talk to most people who have never been to Big Canoe, they think we are an expensive community. Yet 36% of our homes sold this year are under $300,000… 59% under $400,000.

If you have been following the trend line, you have seen that sales this year started out in the lower price points and have worked upward. We are seeing fairly good activity in the $300.0-350.0K area & are now seeing activity in the $400,000 price point. Folks, this is a good thing.

In this kind of market, many people, if they see no activity, second guess whether or not they selected the right agent/broker. Well, we are pleased to announce that Century 21 Best Mountain Properties has captured (sold) 25.97% of the listings sold in Big Canoe (does not include new construction). The closest broker to us is…well, you guess who, at 14.42% & it goes down hill from there. As a matter of fact, our limited service broker is at 3.62%... I guess you get what you pay for.

Folks, the agents at “Best Mountain Properties” know what they are doing… Listen to them!

And remember, it’s all about, “Location, Condition and Price”.

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

Market Trends Report - July 2008

2008-08-26T10:48:00.000-07:00

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

Market Trends Report - June 2008

2008-07-17T06:29:00.000-07:00

June 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 250 vs. 241 in May. Please note inventory numbers below.

Days on market for June were 220 vs. 110 in May. (Homes sold) 200 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 69.2 months vs. 44.7 last month.

Average listing-to-sold ratio YTD is 90.8%.
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 $20,000.00. Why use any other broker for a decision so important?

37 homes have sold YTD vs. 48 homes YTD June 2007 and vs. 78 homes YTD June 2006.

The average sales price in June was $726,892 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 16.5% vs. YTD 2007.

We now have over a five year supply of inventory and growing. Inventory above $400,000 continues to grow and quite honestly is concerning. With this much inventory, you must do everything possible to not be eliminated from someone’s search. Remember, it’s not about fixing something, or replacing something, or hoping for an offer; you simply don’t get another chance.

On a positive note, buyer activity has improved. Just this morning there were two offers on our fax. And remember – in today’s market, everyone expects a buy.

Once again we have made another major investment in technology. Ask your agent to explain “Lead Router”.

Till next time,

Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS

May 2008 Market Trends Report

2008-06-23T11:37:00.000-07:00

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

Market Trends Report - April 2008

2008-05-29T09:26:00.000-07:00

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

Top 10 Reasons to Hire a REALTOR

2008-05-13T08:30:00.000-07:00

With so much information readily available online, clients sometimes ask me, "Why should we hire a real estate agent?" They wonder, and rightfully so, if they couldn't buy or sell a home through the Internet or through regular marketing and advertising channels without representation, without a a real estate agent. Some do OK, many don't. So if you've wondered the same thing, here are 10 reasons why you might want to consider hiring a professional real estate agent.

1. Education & Experience
You don't need to know everything about buying and selling real estate if you hire a real estate professional who does. Henry Ford once said that when you hire people who are smarter than you are, it proves you are smarter than they are. The trick is to find the right person. For the most part, they all cost about the same. Why not hire a person with more education and experience than you? We're all looking for more precious time in our lives, and hiring pros gives us that time.

2. Agents are Buffers
Agents take the spam out of your property showings and visits. If you're a buyer of new homes, your agent will whip out her sword and keep the builder's agents at bay, preventing them from biting or nipping at your heels. If you're a seller, your agent will filter all those phone calls that lead to nowhere from lookie loos and try to induce serious buyers to immediately write an offer.

3. Neighborhood KnowledgeAgents either possess intimate knowledge or they know where to find the industry buzz about your neighborhood. They can identify comparable sales and hand these facts to you, in addition to pointing you in the direction where you can find more data on schools, crime or demographics. For example, you may know that a home down the street was on the market for $350,000, but an agent will know it had upgrades and sold at $285,000 after 65 days on the market and after twice falling out of escrow.

4. Price GuidanceContrary to what some people believe, agents do not select prices for sellers or buyers. However, an agent will help to guide clients to make the right choices for themselves. If a listing is at 7%, for example, an agent has a 7% vested interest in the sale, but the client has a 93% interest. Selling agents will ask buyers to weigh all the data supplied to them and to choose a price. Then based on market supply, demand and the conditions, the agent will devise a negotiation strategy.

5. Market Conditions InformationReal estate agents can disclose market conditions, which will govern your selling or buying process. Many factors determine how you will proceed. Data such as the average per square foot cost of similar homes, median and average sales prices, average days on market and ratios of list-to-sold prices, among other criteria, will have a huge bearing on what you ultimately decide to do.

6. Professional NetworkingReal estate agents network with other professionals, many of whom provide services that you will need to buy or sell. Due to legal liability, many agents will hesitate to recommend a certain individual or company over another, but they do know which vendors have a reputation for efficiency, competency and competitive pricing. Agents can, however, give you a list of references with whom they have worked and provide background information to help you make a wise selection.

7. Negotiation Skills & ConfidentialityTop producing agents negotiate well because, unlike most buyers and sellers, they can remove themselves from the emotional aspects of the transaction and because they are skilled. It's part of their job description. Good agents are not messengers, delivering buyer's offers to sellers and vice versa. They are professionals who are trained to present their client's case in the best light and agree to hold client information confidential from competing interests.

8. Handling Volumes of PaperworkOne-page deposit receipts were prevalent in the early 1970s. Today's purchase agreements run 10 pages or more. That does not include the federal- and state-mandated disclosures nor disclosures dictated by local custom. Most real estate files average thicknesses from one to three inches of paper. One tiny mistake or omission could land you in court or cost you thousands. In some states, lawyers handle the disclosures, thank goodness!

9. Answer Questions After ClosingEven the smoothest transactions that close without complications can come back to haunt. For example, taxing authorities that collect property tax assessments, doc stamps or transfer tax can fall months behind and mix up invoices, but one call to your agent can straighten out the confusion. Many questions can pop up that were overlooked in the excitement of closing. Good agents stand by ready to assist. Worthy and honest agents don't leave you in the dust to fend for yourself.

10. Develop Relationships for Future BusinessThe basis for an agent's success and continued career in real estate is referrals. Few agents would survive if their livelihood was dependent on consistently drumming up new business. This emphasis gives agents strong incentives to make certain clients are happy and satisfied. It also means that an agent who stays in the business will be there for you when you need to hire an agent again. Many will periodically mail market updates to you to keep you informed and to stay in touch.

Source: About.com

Market Trends - March 2008

2008-05-13T08:27:00.000-07:00

March 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 243 vs. 234 in February. Please note inventory numbers below.

Days on market for March were 91 vs. 173 in February. (Homes sold) 190 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 33.1 months vs. 24.7 last month.

Average listing-to-sold ratio YTD is 90.3%.
Note: Our sales ratio is 93.9% YTD. That’s a lot of money in your pocket. On a $400,000 home we would be saving you over $16,000.00. Why would anyone use a limited service broker (84.1%) vs. Century 21?

16 homes have sold YTD vs. 26 homes YTD March 2007 and vs. 40 homes YTD March 2006.

The average sales price in March was $445,450 compared to $450,000 in February 2007.

Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 34.55% vs. YTD 2007.

We now have almost three years of inventory on the market.

A point we must emphasize is that 7 homes sold in March. However those 7 homes’ days on market were only 91 vs. the average home being on the market now for 190 days.

The bottom line – nothing has really changed. Buyers are few. Therefore, everything needs to be considered. With this much inventory on the market, buyers are looking to eliminate their choices. Therefore, condition, location and ultimately the price is what it will take to not be eliminated from that buyer’s search. Now more than ever, you must be priced right.

Although the market conditions are complicated, we are pleased to say that our office has obtained 25% of the sales in Big Canoe and through March we are up 50.8% vs. this time last year.

We continue to invest in our business with a new state of the art office at the new “North Gate Station”, launching multiple top producing websites, and increasing our print advertising campaign. Now is not the time to pull back, like many of our competitors have.

Our promise to you is to capture every opportunity for you as possible.

Till next time,

Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS

Market Trends - February 2008

2008-05-13T08:22:00.000-07:00

February 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 234 vs. 229 in January. Please note inventory numbers below.

Days on market for February were 150 vs. 237 in January. (Homes sold) 185 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 24.7 months vs. 40.5 last month.

Average listing-to-sold ratio YTD is 90.3%.
Note: The Beechler Group’s sales ratio is 93.9% YTD. That’s a lot of money in your pocket. On a $400,000 home we would be saving you over $16,000.00. Why would anyone use a limited service broker (84.1%) vs. The Beechler Group?

9 homes have sold YTD vs. 7 homes YTD February 2007.

The average sales price in February was $450,000 compared to $417,500 in February 2007.

Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 34.04% vs. YTD 2008.

We still have over a two year supply of inventory with forty five more homes on the market vs. this same time last year.

We know that from where many of you are sitting it looks pretty bleak. But from our side, activity is improving, people are beginning to look again, rates are great and people are being told to buy houses.

We just returned from our Century 21 convention. Suzie Orman addressed us and said the market had bottomed. She indicated most states would see Real Estate improvement except Florida, California, Arizona, and Nevada.

But a bit of good news: The National Association of Realtors just reported existing home sales for February were up 2.9%.

In summary, 2008 will still be a difficult year, but we feel it will be better than 2007. By the way, our new Century21 office in The North Station is now open. Stop in and say hello.

Till next time,

Tom and Kelly
The Beechler Group

Source: Broker Metrics / FMLS

Market Trends for Lots in the Big Canoe Community - December 2007

2008-02-01T08:56:00.001-08:00

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

Market Trends for Homes in The Community of Big Canoe - December 2007

2008-02-01T08:56:00.000-08:00

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

ATTENTION Investors, Developers or those who are looking for a piece of paradise. . .

2007-02-07T10:03:00.000-08:00

Welcome to Fausett Lake!! This sixty-eight acre gorgeous North Georgia mountain property includes this twenty-seven acre natural spring water like!

Available as a whole parcel or as four individual lots ranging from 15+ to 18+ acres.

Things are looking up!

2007-02-02T09:22:00.000-08:00

Here is an informative article released by the National Association of Realtors® yesterday. Please stay tuned for our January Market Trends report that will keep you updated on all of Big Canoe's home sales.

WASHINGTON, February 01, 2007 -
Pending home sales are higher, affirming the stabilization that is occurring in home sales, according to the National Association of Realtors®.
The Pending Home Sales Index,* based on contracts signed in December, rose 4.9 percent to an index of 112.4 from an upwardly revised level of 107.2 in November, but is 4.4 percent lower than December 2005.
The monthly gain was the biggest increase since March 2004 when the index rose 6.9 percent. A steady narrowing from year-ago readings has been observed since last July when the level of unsold housing inventory peaked at an all-time high.
David Lereah, NAR’s chief economist, said a moderate rise in existing-home contracts is a welcome relief for the real estate markets. “Some of the monthly gain may be weather related, but it appears buyers are becoming more comfortable, sensing the timing is good and that their local market has bottomed out,” he said. “I expect modest sales gains throughout the year, with what I believe are sustainable levels of activity. 2007 promises to be the fourth best year on record.”
The index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed and the transaction has not closed, but the sale usually is finalized within one or two months of signing.
An index of 100 is equal to the average level of contract activity during 2001, the first year to be examined and the first of five consecutive record years for existing-home sales. There is a closer relationship between annual changes in the index and actual market performance than with month-to-month comparisons.
The upturn was broad based, with all regions showing an increase. The PHSI in the Northeast jumped 8.1 percent in December to 89.9 but was 4.8 percent below a year ago. The index in the West rose 5.3 percent to 112.2 but was 4.9 percent below December 2005. The index in the South increased 4.3 percent to 129.8 but was 4.2 percent lower than a year earlier. In the Midwest, the index was up 3.2 percent in December to 103.2 but was 4.3 percent below December 2005.
* The Pending Home Sales Index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity from 2001 through 2004 parallels the level of closed existing-home sales in the following two months. There is a closer parallel between annual index changes (from the same month a year earlier) and year-ago changes in sales performance than there is with month-to-month comparisons.

2007-01-24T08:03:00.000-08:00

Big Canoe Market Trends 2006 Update:

Current Home Inventory is now at 179 vs. 193 in November. Inventory from $251K to $350K now represents 22% of the market. Inventory from $351K to $500K represents 25% of the market.
Average days on market are 120.4 days which is down from 123.1 YTD in November. Days on market for December 2006 were 121.0 vs. 113.0 in December 2005.
Average listing-to-sold ratio YTD is 94.8%.
Note: The Beechler Group’s sales ratio is 96.4% YTD. That’s a lot of money in your pocket. On a $400,000 home that is a savings of $6,400.00. Who says you need a discount Broker?
5 Homes closed in December vs. 17 in December 2005.
166 Homes have sold YTD vs. 191 in 2005 YTD.
The average sales price in December was $387,421 compared to $392,600 in November.

Source: IMS/FMLS as of 1-17-07

Happy 2007

2007-01-03T09:53:00.000-08:00

Happy New Year! We are very excited to be starting this year off with a bang! Tom and Kelly are now the new Owners of CENTURY 21 Best Mountain Properties. The office is located across from the Foothills/IGA shopping center at 90 Steve Tate Road. We have also officially opened a second office in the city of Jasper on Hwy 515 at 98 Dean Goss Drive #104. Sam Naff will be continuing on as the Broker in charge for both offices.

We are also excited to announce that The Beechler Group is the #1 Real Estate group in Big Canoe!! The Beechler Group closed on more Big Canoe property than any other agent in 2006!! (Source: FMLS as of 12/31/2006)

The phones are ringing off the hook this week with both new Buyers and Sellers! We are very excited to see what this year has in store and our team is prepared to serve you in 2007!

Please check out our Realty Times Newsletter . . . just click on the link below:

http://realtytimes.com/98/tomandkellybeechler

Big Canoe Beauty

2006-12-21T07:24:00.000-08:00

3057 Wild Turkey Bluff

The Beechler Group just listed another beautiful home in Big Canoe! This home has it ALL, including AMAZING mountain views and clear view of Amicalola Falls!

* 4 Bedroom, 3.5 Bath
* Master on Main
* Rustic Great Room w/Wet Bar
* Sunroom/Screened Room
* Oversized Bedrooms

**Please forward this home to anyone that you know that may be interested in purchasing a great mountain home**

Visual Tour: http://www.visualtour.com/shownp.asp?T=839375

Big Canoe New Listing

2006-12-13T12:13:00.000-08:00

HOT NEW LISTING!!!!!!!!

6390 Valley View Drive

3 Bedroom

2.5 Bathroom

Master on Main

Screened Porch

Full Basement

Mountain Views

Immaculate Home! Just like new!

Take a tour of this new home and please email to a friend

http://www.visualtour.com/shownp.asp?T=832314

WELCOME!!

2006-12-12T12:50:00.000-08:00

WELCOME to The Beechler Group's Big Canoe GA Real Estate Blog!!!! This is your #1 stop for up-to-date local (and some national) real estate news, info, tips, hot new listings and just solds!! We encourage you to post your comments!

* Check in the 4th of every month to read our Realty Times Newsletter

Don't forget to visit us at http://www.TheBeechlerGroup.com for all of your real estate needs!!