Winder, GA Real Estate Market Trends

According to Trulia.com, “The median sales price for homes in Winder GA for Mar 09 to May 09 was $121,000. This represents an increase of 0.7%, or $846, compared to the prior quarter and a decrease of 1.1% compared to the prior year. Sales prices have depreciated 5.4% over the last 5 years in Winder.

The average listing price for Winder homes for sale on Trulia was $161,729 for the week ending Jun 10, which represents an increase of 0.9%, or $1,447, compared to the prior week and an increase of 2.1%, or $3,289, compared to the week ending May 20. Average price per square foot for Winder GA was $70, a decrease of 12.5% compared to the same period last year.”

The positive that one can see from this is that sales were off “only” a fraction of what the media projections were for the past year across the nation. Also, the numbers of sales were up 20.8%. A correction in sales price (5.4% in last 5 years) and a sudden increase in numbers of sales bode well for the town and could be a call to a bottom in Winder.

Compare this to Athens, GA for example where we have maintained average and median sales prices but days on market have increased 10% and numbers of sales have decreased by another third looking at year over year homes sold in Athens-Clarke.

Winder Recently Sold Homes

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 Winder MLS with MapTracks please take a look at listings in Winder, GA 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!

Patience is a Virtue for Athens and Oconee, GA Sellers

Posted on July 5, 2009 by hankbailey

Report Generated For: 4/3/2009 – 7/3/2009

Athens MLS Area: 07:South Oconee Co., 08:Watkinsville/Oconee Co., 09:West Oconee Co.

Home Sales Price # Mkt Share Avg DOM

200,000 – 249,999 11 13% 217

250,000 – 299,999 6 7% 189

300,000 – 399,999 12 14% 236

400,000 – 499,999 12 14% 334

500,000 – 749,999 4 5% 423

The biggest battle we face, and you could call it that some days, is that of trying to keep the frustration level down for home sellers. The information, provided via the Athens MLS reveals that 47 percent of homes sold in Oconee County, where the average sales price was $287,000 during this time frame, was under $200,000!

How does this compare to Athens-Clarke?

Athens MLS Area: 01:West Athens/Clarke Co., 02:North Athens/Clarke Co., 03:East Athens/Clarke Co., 04:East Athens/Clarke Co., 05:West Athens/Clarke Co., 06:Five Points/University

Home Sales Price # Mkt Share Avg DOM

200,000 – 249,999 19 8% 301

250,000 – 299,999 12 5% 206

300,000 – 399,999 16 7% 310

400,000 – 499,999 3 2% 311

500,000 – 749,999 4 1% 91

In Athens-Clarke you see a noticeable drop in sales as we go above $200,000 over the past 90 days. What is telling is that 77 percent of all sales in the county are under $200,000! This tells me two things. One is that first time homebuyers are dominating the market. Secondly it confirms what the industry is seeing in that there are fewer of the desperately needed “step up” buyers this year than in past years. For 7 sellers out of 10, they had their homes on the market a skyrocketing 300+ days!

Time on Market Analysis Athens-Clarke and Oconee
For Units Sold
Days	Residential	Other	Total
0 – 30	6	0	6
31 – 60	40	0	40
61 – 90	51	1	52
91- 120	42	0	42
121+	177	2	179

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!