2011 Real Estate Analysis of Hall County, So Far...

Our 2011 Real Estate Analysis, so far….

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The number of Hall County home sales (units) for January 1 to February 28, 2011, increased by 13.4% over the same time period in 2010.  This is terrific news for our market that continues to gain momentum.  During the same time period all home sales in Georgia (listed through FMLS) declined by 6%.
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While the actual number of home sales continues to increase the average home sales price has been trending downward for some time.  The average home sales price in Hall County for January 1 to February 28, 2008, was $241,775; for the same time period in 2009, it was $207,750 (a 16% decline year-over-year);  for the same time period in 2010, it was $166,975 (a 20% decline year-over-year); and finally, for the same time period in 2011, it was $155,030 (a 7% decline year-over-year).  This “average home sales price” mentioned above is overall.  Several price range segments have already leveled off.

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Last year, in 2010, Hall County had a greater percentage increase in home sales over the previous year than any other metro Atlanta County, the State of Georgia as a whole, and the Nation.  Now we are seeing a 13.4% increase in home sales so far this year over the same time period of 2010.  That is especially excellent news considering that home sales last year were escalated due to the federal home buying tax incentives that ended in April of 2010. 

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Even though this news seems mixed, we believe this will be a good year for real estate, and therefore a good economic year for business in Hall County.  Home sales continue to increase in Hall County and it looks like the average home sales price is leveling off for the entire market.

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If you are looking for homes for sale in Gainesville, Flowery Branch, Oakwood, Hall County, or on Lake Lanier, in GA, call our group.  We specialize in Real Estate Buying, Selling, and Consultation Services.

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R. Brad Abernathy
Abernathy Cochran Group
The Norton Agency
770-540-1548