Georgia Mountain Market Conditions

The following statistical information on Georgia Mountain Market Conditions is derived from Northeast Georgia Board of Realtors® MLS data.

Gilmer County (Ellijay)
In 2006 -- The median sold price for homes (731) was $185,000.
Average time on the market was 128 days.
Selling price averaged about 96.5 percent of the asking price.

In 2007 -- The median sold price for homes (548) was $185,500.
Average time on the market was 128 days.
Selling price averaged about 95.2 percent of the asking price.

In 2008 -- The median sold price for homes (358) was $179,900.
Average time on the market was 129 days.
Selling price averaged about 93.4 percent of the asking price.

In 2009 -- The median sold price for homes (323) was $157,000.
Average time on the market was 157 days.
Selling price averaged about 92.1 percent of the asking price.

In 2010 -- The median sold price for homes (341) was $147,000.
Average time on the market was 149 days.
Selling price averaged about 91.9 percent of the asking price.

In 2011 -- The median sold price for homes (422) was $126,122.
Average time on the market was 136 days.
Selling price averaged about 92.6 percent of the asking price.

As of January 8, 2012 –- There were 534 homes on the market.
Of these, 79 were listed as foreclosures, and 54 were under contract with a median list price of $129,700.

Fannin County (Blue Ridge)
In 2006 -- The median sold price for homes (587) was $254,500.
Average time on the market was 123 days.
Selling price averaged about 95.5 percent of the asking price.

In 2007 -- The median sold price for homes (408) was $270,000.
Average time on the market was 130 days.
Selling price averaged about 94.0 percent of the asking price.

In 2008 -- The median sold price for homes (338) was $225,000.
Average time on the market was 126 days.
Selling price averaged about 91.8 percent of the asking price.

In 2009 -- The median sold price for homes (365) was $215,000.
Average time on the market was 151 days.
Selling price averaged about 90.4 percent of the asking price.

In 2010 -- The median sold price for homes (465) was $175,000.
Average time on the market was 139 days.
Selling price averaged about 91.3 percent of the asking price.

In 2011 -- The median sold price for homes (471) was $167,000.
Average time on the market was 140 days.
Selling price averaged about 91.0 percent of the asking price.

As of January 8, 2012 –- There were 604 homes on the market.
Of these, 50 were listed as foreclosures, and 62 were under contract with a median list price of $179,900.

Union County (Blairsville)
In 2006 -- The median sold price for homes (499) was $198,000.
Average time on the market was 103 days.
Selling price averaged about 95.4 percent of the asking price.

In 2007 -- The median sold price for homes (357) was $199,000.
Average time on the market was 127 days.
Selling price averaged about 94.2 percent of the asking price.

In 2008 -- The median sold price for homes (279) was $182,500.
Average time on the market was 141 days.
Selling price averaged about 93.1 percent of the asking price.

In 2009 -- The median sold price for homes (310) was $165,000.
Average time on the market was 163 days.
Selling price averaged about 90.2 percent of the asking price.

In 2010 -- The median sold price for homes (347) was $139,900.
Average time on the market was 178 days.
Selling price averaged about 90.7 percent of the asking price.

In 2011 -- The median sold price for homes (396) was $134,750.
Average time on the market was 163 days.
Selling price averaged about 91.5 percent of the asking price.

As of January 8, 2012 –- There were 472 homes on the market.
Of these, 47 were listed as foreclosures, and 57 were under contract with a median list price of $129,900.

Towns County (Hiawassee)
In 2006 -- The median sold price for homes (265) was $216,000.
Average time on the market was 150 days.
Selling price averaged about 93.9 percent of the asking price.

In 2007 -- The median sold price for homes (198) was $245,350.
Average time on the market was 168 days.
Selling price was about 91.4 percent of the asking price.

In 2008 -- The median sold price for homes (139) was $205,000.
Average time on the market was 182 days.
Selling price averaged about 89.8 percent of the asking price.

In 2009 -- The median sold price for homes (125) was $175,900.
Average time on the market was 195 days.
Selling price averaged about 90.1 percent of the asking price.

In 2010 -- The median sold price for homes (149) was $163,500.
Average time on the market was 169 days.
Selling price averaged about 84.5 percent of the asking price.

In 2011 -- The median sold price for homes (160) was $147,000.
Average time on the market was 213 days.
Selling price averaged about 87.8 percent of the asking price.

As of January 8, 2012 –- There were 365 homes on the market.
Of these, 18 were listed as foreclosures, and 22 were under contract with a median list price of $177,400.