Showing posts with label Homes for Sale. Show all posts
Showing posts with label Homes for Sale. Show all posts

Friday, August 7, 2009

Oconee County GA, Homes for Sale and Market Trends

In the past 30 days in Oconee County we saw the following home sales figures;


Statistics for Homes Sold in Oconee, GA 30 Days ending 8/7/09
(39 listings)
LowHighAverageMedianTotal
List Price$64,900$699,000$315,723$284,900$12,313,200
Selling Price$65,900$565,000$295,018$270,000$11,505,701
List/Sold(%)73.82%113.02%94.80%95.39%--
Price/SqFt ($)$0.00$201.14$76.84$97.84--
Days on Market44680220131--


Unlike Athens-Clarke where home sales in excess of $300,000 were hardly to be found, in Oconee we saw 41 percent of homes sold north of this figure. With higher end homes selling however we also see a more protracted average days on market at 220 versus 180+ in Athens-Clarke over the past month.

The other thing of note as well is the fact that on homes sold in excess of this "cut-off" it seems that these homes are selling for more of a discount to list price (92.9% versus 94.8%) and are taking a full 100+ days longer to sell. There is no doubt that the glut of these higher end homes are stagnating the market. Price need to move down on higher end inventory before we see days on market and other statistics, like more homes sold, moving back up again.


Statistics for Homes Sold in Excess of $300k 30 Days ending 8/7/09
(16 listings)
LowHighAverageMedianTotal
List Price$324,900$699,000$441,300$432,450$7,060,800
Selling Price$310,000$565,000$404,875$405,000$6,478,001
List/Sold(%)73.82%113.02%92.90%94.18%--
Price/SqFt ($)$0.00$144.83$69.34$91.00--
Days on Market54680323313--

Saturday, August 1, 2009

Boulevard Historic District of Athens Georgia

The Boulevard Historic District of Athens Georgia is an area of town just as unique as Five Points. The area is “governed” or overseen by the Boulevard Neighborhood Association. According to the Boulevard Neighborhood Association, The Boulevard Historic District is the area roughly bounded on the south by Prince Avenue, on the west by Hiawassee Street, on the north by the Seaboard Coastline Railroad (now CSX), on the east by Pulaski Street.

historicdistrictboulevard1

This streetcar suburb is named for Boulevard, its widest street, which runs east/west through this 150 acre district. Laid out in a gridiron pattern on slightly rolling terrain behind the capital mansions on the north side of Prince Avenue, this residential district consists mostly of late-nineteenth and early-twentieth century houses built primarily for blue collar and middle class families. Wood is the principal building material of these one- and two-story houses, which display influences of Greek Revival, Queen Anne, and Neoclassical styles and the Bungalow and American Foursquare forms.

In general, the houses built along Boulevard were more elaborately detailed than the smaller, more modest homes constructed elsewhere in the district. Except for several non-contributing homes and apartment buildings and business structures around the intersection of Chase Street and Boulevard, the historic district has had few intrusions. Many of the trees planted along Boulevard when the suburb was laid out still shade the broad avenue.

Much of the land in this district originally belonged to the mansions along Prince Avenue. When Athens gained a streetcar line in the 1880s, suburban living in several areas near town became far more convenient. This prompted a group of private developers, known as the Athens Park and Improvement Company, to acquire the area north of the Prince Avenue mansions for the city’s first streetcar suburb. Beginning in 1898 they laid out the Boulevard suburb. The streetcar line, extended from Prince Avenue out Barber Street and westward down Boulevard in this decade, connected the neighborhood with downtown and stimulated its rapid growth.

boule2The developers reserved the north side of the district beyond the railroad tracks for industrial development, and when the Southern Manufacturing Company arrived at the turn of the century, the company constructed a mill village there for the mill workers. The west end of Boulevard developed in such close proximity to Normaltown and the Buena Vista area that the latter is often referred to as West Boulevard. Having recognized the value of their historic resources by the 1980s, residents of the Boulevard area petitioned for local designation in order to protect the historic neighborhood from further intrusions.

Several sites within the Boulevard district merit individual recognition; these include the Chase Street School, the University of Georgia President’s House, and the Taylor-Grady House. Other properties of distinction are the Barrow Street Area, the Booth-Morris House, the General Howell Cobb House, and the Emmanuel Episcopal Church. The National Register district includes more than the local district, whose eastern boundary runs north-south along Barber Street, excluding the Pulaski Heights area.

boule3

The Boulevard Historic District is listed on the National Register of Historic Places (April 18, 1985) and has been locally designated as a Historic District (October 4, 1988).

What also interests me, apart from the intensely detailed history of this area, is the fact that it has one of the best “walk scores,” according to WalkScore.com, of any subdivision in the Greater Athens area. It scored a 75 out of a possible 100! Why? Within seven tenths of a mile there are eight (8) grocery stores, restaurants, and coffee shops. There are seven (7) movies theaters within 4 miles. Eight (8) schools within half a mile. Nine (9) libraries within 2.3 miles, and eight (8) bookstores within 1.5 miles! Eight (8) fitness clubs within half a mile, and seven (7) drug stores within a mile. Finally eight (8) clothing and music stores lie within 1.4 miles of the Boulevard district and seven (7) hardware stores.

Take a look for yourself. The Boulevard District is perfect for the “green” life that we all crave. You cannot get more “Athens” than this!

If you are looking to purchase a home in the Greater Athens area, please feel free to use this link to Search the Athens MLS! While on the Georgia MLS you can search for homes, create a User account to save favorite property searches, email property searches to friends and family, or request more information!

Sunday, July 19, 2009

Athens, GA Homes for Sale and More Market Trends

According to the Athens MLS, if we look at a previous 12 months of residential home sales from June 1, 2007-June 1, 2008 and compare to the most recent 12 months from June 1, 2008-June 1, 2009, we find that home sales in our area have gone down from 1426 to 910 respectively. This is roughly a 36% decrease in home sales year over year.

What is interesting is that average home sales price went up from $170,058 to $172,049 during these two periods. I also found out from an associate that “days on market” for home listings has increased in the past year to more than 200 days for the average residential Athens listing, so if you get a quick sale thank the good Lord above! I also found that in terms of numbers of sales from a month to month and year over year basis that we see no slow down yet in decreases. The only so-called silver lining is that it appears that as far as pricing is concerned in the Classic City, home prices have leveled. This opinion rather is rather academic when you consider multiple increases not just in the past year, but also monthly when considering a rolling 12 month average. I would be happy to furnish this data directly from the Athens MLS upon request!

It seems that due to the fact that Athens, according to real estate search engine Trulia, is benefiting due to having a much lower percentage of foreclosures than in other areas of the state and nation.

If you are a buyer in our market, these are probably the best buying conditions in 30 years! If you would like to search the Athens MLS with MapTracks please take a look at listings in our “Classic City” today! On this web MLS search solution you can search every listing on the Georgia MLS for the Greater Athens area or in your Georgia town!

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