Hall County
Real Estate Newsletter
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February 23, 2021 | Volume 13. Issue 2
[Sales Data: Jan 16 to 31, 2021]
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1. Over the two week period in Hall County, from January 16 to 31, 2021, Realtors have participated in selling 99 single-family homes with an average sales price of $347,917 and a median sales price of $306,485.
2. Lake Lanier Water Level: 1,069.76 as of Tuesday, February 32, 2021. Lake Lanier is 1.24 Feet Below its full pool level.
3. Incredible Growth in Hall County’s Real Estate Economy!
2020 vs 2019:
18% More HOME SALES
16% Higher AVG SALES PRICE
14% Higher MEDIAN SALES PRICE
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WHERE HAVE THE HOUSES GONE?
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In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory dropped even further. Experts consider this to be the biggest challenge facing an otherwise hot market while buyers continue to compete for homes. As Danielle Hale, Chief Economist at realtor.com, explains:
“With buyers active in the market and seller participation lagging, homes are selling quickly and the total number available for sale at any point in time continues to drop lower. In January as a whole, the number of for sale homes dropped below 600,000.”
Every month, realtor.com releases new data showing the year-over-year change in inventory of existing homes for sale. As you can see in the map below, nationwide, inventory is 42.6% lower than it was at this time last year:
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Does this mean houses aren’t being put on the market for sale?
Not exactly. While there are fewer existing homes being listed right now, many homes are simply selling faster than they’re being counted as current inventory. The market is that competitive! It’s like when everyone was trying to find toilet paper to buy last spring and it was flying off the shelves faster than it could be stocked in the stores. That’s what’s happening in the housing market: homes are being listed for sale, but not at a rate that can keep up with heavy demand from competitive buyers. In the same realtor.com report, Hale explains:
“Time on the market was 10 days faster than last year meaning that buyers still have to make decisions quickly in order to be successful. Today’s buyers have many tools to help them do that, including the ability to be notified as soon as homes meeting their search criteria hit the market. By tailoring search and notifications to the homes that are a solid match, buyers can act quickly and compete successfully in this faster-paced housing market.”
The Good News for Homeowners
The health crisis has been a major reason why potential sellers have held off this long, but as vaccines become more widely available, homeowners will start making their moves. Ali Wolf, Chief Economist at Zonda, confirms:
“Some people will feel comfortable listing their home during the first half of 2021. Others will want to wait until the vaccines are widely distributed.”
With more homeowners getting ready to sell later this year, putting your house on the market sooner rather than later is the best way to make sure your listing shines brighter than the rest.
When you’re ready to sell your house, you’ll likely want it to sell as quickly as possible, for the best price, and with little to no hassle. If you’re looking for these selling conditions, you’ll find them in today’s market. When demand is high and inventory is low, sellers have the ability to create optimal terms and timelines for the sale, making now an exceptional time to move.
Bottom Line
Today’s housing market is a big win for sellers, but these conditions won’t last forever. If you’re in a position to sell your house now, you may not want to wait for your neighbors to do the same. Contact a local real estate professional for advice on how to sell your house safely so you’re able to benefit from today’s high demand and low inventory.
SOURCES: KCMBlog, Realtor.com, Zonda,
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HOME SALES in Hall County
January 16 to 31 2021 Home Sales in Your Neighborhood
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The CHATTAHOOCHEE GOLF COURSE is
being redesigned and redeveloped.
Thirteen Residential Lots have been released
to the public for sale on East Lake Drive.
A rare opportunity has come to the Chattahoochee Country Club area. With the redevelopment and redesign of the Chattahoochee Golf Course, thirteen gorgeous homesites have been carved out. These homesites range in acreage from .58 to 1.32. Many sit on the former #7 fairway and green. Several from Lake Knickerbocker. All lots have amazing views. Views of the golf course, of the brand new #6 green complex and fairway, of the brand new #7 tee complex and fairway, across Lake Knickerbocker to the #13 green complex, and views of Lake Lanier & Lake Knickerbocker. Many homesites will be perfect for one level construction. All lots will be connected to sewer service and will have addresses on East Lake Drive.
Call or email us for more information.
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The Faces of Hall County Profile Jaimie Reynolds
Meet Jamie Reynolds! Jamie is the executive director at SISU in Gainesville. She is a mother and married to Stephen. She said she loves the Hall County community because it is a giving community.
“I am truly blown away by the kindness, intelligence and support that is here. Again when you have an organization like Sisu/formerly known as Challenged Child and Friends and an Eagle Ranch, it’s a very philanthropic and very giving community,” she said.
We want to thank Jaimie for spending time with us recently and telling us more about his life and love of Hall County.
Q: What is your favorite restaurant in Hall County, and what do you love there?
A: “Can I only pick one? I love so many! I am going to name a few. I love the Inked Pig, Atlanta Highway Seafood, Mellow Mushroom. Those are the ones that come to mind.”
Q: What is the first movie you remember seeing in a theater?
A: “I think it was a James Bond movie, and I think it was my first date.”
Q: What is something interesting that most people don’t know about you?
A: “I played Division-1 Tennis at Georgetown University.”
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Mortgage Rates are Unbelievable!
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Need a MORTGAGE OFFICER, an ELECTRICIAN, a PLUMBER, an INSURANCE AGENT, an ATTORNEY, a PEST CONTROL COMPANY, a POOL COMPANY, a DENTIST, a DOG WALKER, someone that is a TSHIRT MAKER, a custom CANOE BUILDER, or a RECLAIMED WOOD TABLE MAKER? If you need a GREAT CONNECTION, please call or email us anytime. We would love the opportunity to help you make a great connection!
If we can ever help you or someone that you know in real estate, please give us a call. We are grateful for your referrals. We strive to give our clients and friends
real value in everything that we do. Thank you for your time and support!
Brad Abernathy 770-540-1548 | Regina Cochran 678-414-0646
CJ Greene 770-540-5879 | Robert Bell 770-654-0507
Ricky Lewallen 770-654-7922 | Jane Fleming 770-519-2333
Abernathy Cochran Group | The Norton Agency
770-718-5255 or 770-536-1250
The Abernathy Cochran Group is the leader in Hall County sales volume in 2019
and for the previous 9 years, too. 10 years in a row!
You get MORE with our collaboration.
We hope you CHOOSE us to sell or buy your real estate.
THANK YOU!
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