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Market Reports • December 18, 2023

November 2023 Residential Market Report: Chatsworth/Murray County

by Jacob Mitchell
Let’s take a quick look at the Chatsworth/Murray County Market Report for the month of November!
 
There were 24 new listings that came to market in November, which is 16 less than in October. Pending sales fell by 7 units, down to 15, compared to 22 in October. Closed sales increased slightly, going down from 14 closed sales in October to 10 closed sales in November.
 
Median Sales Price has decreased year-over-year by -1.4%, from $248,825 to $245,450, while Average Sales Price has decreased by -17.7%, from $299,210 to $246,236.
 
Months Supply increased month-over-month, going from 3.8 months supply in October to 3.8 in November, and the year-over-year months supply is up by 44.4%, going from 2.7 months in November 2022 to 3.9 Months in November 2023.
 
Remember, the best way to learn about your local market is through a local realtor, not the national media. While there are factors that play into every market, there are many that differ on the local level. So whenever you need to know about the local market contact me!
 
Jacob B. Mitchell
Cell: 706-581-6401
Office: 706-226-5182
Email: AgentJacobMitchell@gmail.com
www.RealtorJacobMitchell.com
Coldwell Banker Kinard Realty

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • December 8, 2023

Dalton/Whitfield County Residential Sales Price Report: November 2023

by Jacob Mitchell
In November, the Dalton/Whitfield County residential real estate market presented a mix of signals, offering insights into the current market conditions. Examining various segments of the data reveals both positive and declining trends.
 
Firstly, the median sales price demonstrated resilience, posting a 2.3% increase compared to the same period last year, reaching $225,000. However, a notable month-over-month shift was observed, with an 11.8% decline. While monthly fluctuations are common, the positive aspect lies in the continued year-over-year growth, maintaining positivity since April of the current year.
 
Conversely, both year-over-year and month-over-month data points for the average sales price experienced a decline in November, signaling a decrease in higher-end market movement. Although the average price remains within the range observed throughout 2023, November marked the first month with a year-over-year decline since March. The month-to-month data fluctuates, showcasing variability from a high of $349,119 in July to a low of $250,220 in March. The pullback in higher-end sales influencing the average sales price could potentially be a seasonal trait, which can be monitored in the coming months.
 
Remember, the best way to learn about your local market is through a local realtor, not the national media. While there are factors that play into every market, there are many that differ on the local level. So whenever you need to know about the local market contact me!
 
Jacob B. Mitchell
Cell: 706-581-6401
Office: 706-226-5182
Email: AgentJacobMitchell@gmail.com
www.RealtorJacobMitchell.com
Coldwell Banker Kinard Realty

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • December 8, 2023

November 2023 Residential Sales Report Average List Price/Sold Price % : Dalton, Whitfield County

by Jacob Mitchell
In the Dalton/Whitfield County residential real estate market, tracking the average sold price to list price percentage is crucial as it serves as a broad indicator of buyer demand and pricing accuracy. Examining the November sales data reveals insights into this ratio.
 
The significant decline in closed transactions from October to November is mirrored on a smaller scale in the average Sold Price to List Price ratio. October recorded a ratio of 98%, while November saw a slight dip to 97%. This suggests a minor reduction in buyer demand, prompting sellers to adjust their pricing strategies to facilitate transactions.
 
The current period often marks the beginning of a slower season, yet with proper pricing adjustments, buyer interest can still be stimulated. Sellers keen on a swift move might find themselves reconsidering their prices. However, a substantial decrease is not anticipated, considering the year-to-date low at 95% in February. With a lower inventory supply, the prevailing demand should support maintaining the ratio at 97% and above.
 
Remember, the best way to learn about your local market is through a local realtor, not the national media. While there are factors that play into every market, there are many that differ on the local level. So whenever you need to know about the local market contact me!
 
Jacob B. Mitchell
Cell: 706-581-6401
Office: 706-226-5182
Email: AgentJacobMitchell@gmail.com
www.RealtorJacobMitchell.com
Coldwell Banker Kinard Realty

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • December 7, 2023

Dalton/Whitfield County Residential Sales Days on Market Report: November 2023

by Jacob Mitchell
To gain insights into the Dalton/Whitfield County residential market, let’s examine the Median Days on Market (DOM) for both the active inventory and last month’s sales.
 
In November, there was a notable increase in the median days on market for both active inventory and sales, with a four-day rise in both categories. The November sales now have a median DOM of 25 days, marking the highest since February of this year when it reached 35 days. Interestingly, this aligns precisely with November 2022, which also had a median DOM of 25 days.
 
Similarly, the active inventory’s median days on market in December has risen, reaching the highest point since February of this year, with a median of 79 days. However, the year-over-year comparison reveals a difference. In December 2022, the median DOM was 72 days. Despite homes lingering on the market longer during this time of the year, the current market maintains a more refreshed inventory compared to a year ago.
 
Anticipating future trends, it is likely that these metrics will continue to increase, mirroring the pattern observed at the end of 2022 and the beginning of 2023. Expectations include a rise in both metrics, potentially extending through February. Subsequently, as the spring months approach, a decrease in both metrics is anticipated, albeit less drastic than the previous year due to commencing with a lower supply.
 
Remember, the best way to learn about your local market is through a local realtor, not the national media. While there are factors that play into every market, there are many that differ on the local level. So whenever you need to know about the local market contact me!
 
Jacob B. Mitchell
Cell: 706-581-6401
Office: 706-226-5182
Email: AgentJacobMitchell@gmail.com
www.RealtorJacobMitchell.com
Coldwell Banker Kinard Realty

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • December 5, 2023

Dalton/Whitfield County Residential Sales Report: November 2023

by Jacob Mitchell
The Dalton/Whitfield County residential real estate market experienced its lowest sales volume of the year in November, recording only 29 closed transactions. This marks a substantial -38.3% decline in sales month-over-month and a -21.7% decline year-over-year. To contextualize this decline, comparing it to the same period in the previous year is crucial.
 
In November 2022, the market saw 37 closed transactions, highlighting the significance of the decline. Moreover, the month-over-month change from October 2022 to November 2022 was a -17.8% decline. The current -38.3% decline in 2023 over the same period suggests a more pronounced shift, more than double the decline observed in the previous year.
 
To offer a more balanced perspective, it’s essential to consider the months supply for December in both years. In December 2022, a 4.35 months supply of inventory was observed due to the decline in closed sales coupled with a higher active supply of inventory. In contrast, December 2023, with 29 closed transactions and a starting inventory of 138 active listings, brings the months supply to 4.75. This ratio of closed sales to active supply positions the market at nearly the same level as last year.
 
While the decline in closed transactions is notable, the similarity in months supply indicates that, despite the dip in sales, the market is navigating comparable territory to the previous year as it transitions into December.
 
Remember, the best way to learn about your local market is through a local realtor, not the national media. While there are factors that play into every market, there are many that differ on the local level. So whenever you need to know about the local market contact me!
 
Jacob B. Mitchell
Cell: 706-581-6401
Office: 706-226-5182
Email: AgentJacobMitchell@gmail.com
www.RealtorJacobMitchell.com
Coldwell Banker Kinard Realty

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • December 4, 2023

Dalton/Whitfield County Pending Inventory Report: December 2023

by Jacob Mitchell
The Dalton/Whitfield County residential real estate market is witnessing a continued downward trend in pending sales, with figures dropping to 65 at the start of December, compared to 68 at the beginning of November. This represents a -7.6% decline in pending transactions, raising questions about the local market’s trajectory as we approach 2024.
 
This decline marks the lowest point recorded in pending sales since my tracking began in April, signifying a significant decrease from the peak of 108 pending sales at the start of April. However, the minimal change from November to December suggests a more nuanced interpretation, potentially indicating a seasonal decline in demand that could swiftly reverse in the new year.
 
To gain a comprehensive understanding of the market’s overall condition, it is crucial to consider the available listings. In April 2023, with 84 active listings, there were 108 pending sales, reflecting a scenario where buyer demand outpaced supply. However, from July to December, active listings stabilized between 121-138. During this period, pending sales ranged from 83-88, but in the past two months, they have slowed to 68 and now 65.
 
This suggests that the slowdown in pending inventory may be attributed to the holiday season, a customary period of reduced activity in the real estate market. As we transition into 2024, monitoring the pending sales dynamics will be crucial to discern whether this trend is a temporary seasonal phenomenon or indicative of broader shifts in market conditions.
 
Remember, the best way to learn about your local market is through a local realtor, not the national media. While there are factors that play into every market there are many that differ on the local level. So whenever you need to know about the local market contact me!
 
Jacob B. Mitchell
Cell: 706-581-6401
Office: 706-226-5182
Email: AgentJacobMitchell@gmail.com
www.RealtorJacobMitchell.com
Coldwell Banker Kinard Realty

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • December 1, 2023

Dalton/Whitfield County Residential Inventory Report: December 2023

by Jacob Mitchell
In December, the Dalton/Whitfield County residential real estate market reached a year-to-date high for active inventory, experiencing a modest month-over-month increase of 3 listings. Notably, there was a significant shift in the “month supply” metric, correlating with a year-to-date low in closed sales volume observed in November.
 
How does the current count of 138 active listings compare to December 2022? While there was a slight increase in the number of active listings, we are still down significantly year-over-year. In December 2022, the market started with 168 active listings, marking a -14.9% decrease compared to the current year. However, there is an uptick in Months Supply, rising from 4.5 in December 2022 to 4.8 in December 2023.
 
What implications does this have for our local market? The observed increase in Months Supply is anticipated during the holiday season, a period where urgency in moving typically diminishes. Throughout most of the year, the market maintained a lower Months Supply due to low inventory levels, enabling competitiveness. As the holiday season concludes at the end of December, it is forecasted that Months Supply will shrink, driven by an expected rise in demand. However, predicting the magnitude of this shift is challenging, given uncertainties around the number of potential new listings entering the market.
 
Remember, the best way to learn about your local market is through a local realtor, not the national media. While there are factors that play into every market, there are many that differ on the local level. So whenever you need to know about the local market contact me!
 
Jacob B. Mitchell
Cell: 706-581-6401
Office: 706-226-5182
Email: AgentJacobMitchell@gmail.com
www.RealtorJacobMitchell.com
Coldwell Banker Kinard Realty

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • November 30, 2023

Dalton/Whitfield County Industrial Real Estate Sales Report: November 2023

by Jacob Mitchell
Known as the “carpet capital of the world,” our town consistently witnesses high levels of industrial real estate sales each year due to our large manufacturing industries. An often overlooked aspect is the diverse ownership of these industrial warehouses, comprising not only large corporations but also small businesses and local investors. This analysis of Industrial Sales in Dalton/Whitfield County aims to provide accessible information for property owners to gauge their property values and understand current market conditions.
 
To offer a comprehensive overview, it was essential to delve into industrial sales data dating back to 2019, providing comparisons beyond the most recent years. The findings from 2019 reveal a total of 828,250SF Sold, compared to only 461,584 SF through November 2023, which is a 44.3% decline in Total SQFT Sold. However, the Total Sales Volume for 2019 was only 77% of what has been observed in 2023 through November. This variance underscores the significant shift in the Average Price Per Square Foot over the past five years.
 
In 2019, the Average Price Per Square Foot stood at $26.48, experiencing a substantial increase to a flat $35.00 in 2023 through November. This progression was not a linear trajectory, as evidenced by the average $/SF of $52.28 in 2022 for the Dalton/Whitfield County Industrial market. Factors influencing these fluctuations include market conditions and, in many instances, the conditions of the buildings being sold. It’s crucial to note that averages can deviate significantly from the true value of certain properties, given the presence of outliers in various directions.
 
For individuals seeking more in-depth insights into the Dalton/Whitfield County Industrial market, along with details on sales comps, feel free to reach out. I am here to assist and provide the information you need to navigate the industrial real estate landscape effectively.
Jacob B. Mitchell
Cell: 706-581-6401
Office: 706-226-5182
Email: AgentJacobMitchell@gmail.com
www.RealtorJacobMitchell.com
Coldwell Banker Kinard Realty

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • November 29, 2023

October 2023 Residential Market Report: Calhoun/Gordon County

by Jacob Mitchell
Let’s take a quick look at the Calhoun/Gordon County Market Report for the month of October!
 
There were 53 New Listings that came to market in September, which is 1 less than in September, declining from 54 to 53. Pending Sales trended in the same direction as new listings, with 35 sales currently pending compared to 47 in September. Closed Sales increased slightly month-over-month, going from 39 in September to 40 in October.
 
Median Sales Prices increased 2.6% year-over-year, from $273,000 in October of 2022 to $280,000 in October of 2023, while Average Sales Prices have decreased -38.2% year-over-year, from $512,595 in October of 2022 to $316,927 in October of 2023.
 
Active inventory increased month-over-month to 89 Active Listing, from 84 in September. It is worth noting that year-over-year active inventory has decreased by -21.9%, from 114 in September 2022 to 89 in October 2023.
 
Additionally, the Months Supply rose to 2.2 months, which is down -21.4% year-over-year from 2.8 months supply, but up month-over-month from 2.0 months in September 2023. This gives more options for buyers to choose from both M/M, but compared to last year down significantly.
 
Remember, the best way to learn about your local market is through a local realtor, not the national media. While there are factors that play into every market, there are many that differ on the local level. So whenever you need to know about the local market contact me!
 
Jacob B. Mitchell
Cell: 706-581-6401
Office: 706-226-5182
Email: AgentJacobMitchell@gmail.com
www.RealtorJacobMitchell.com
Coldwell Banker Kinard Realty

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • November 27, 2023

October 2023 Residential Market Report: Chatsworth/Murray County

by Jacob Mitchell
Let’s take a quick look at the Chatsworth/Murray County Market Report for the month of October!
 
There were 40 new listings that came to market in August, which is 9 more than in September. Pending sales rose by 2 units, up to 22, compared to 20 in September. Closed sales decreased significantly, going down from 27 closed sales in September to 10 closed sales in October.
 
Median Sales Price has increased year-over-year by 28.5%, from $236,250 to $303,500, while Average Sales Price has increased by 14.0%, from $278,558 to $317,500.
 
Months Supply increased month-over-month, going from 2.9 months supply in September to 3.8 in October, and the year-over-year months supply is up by 35.7%, going from 2.8 months in October 2022 to 3.8 Months in October 2023.
 
Remember, the best way to learn about your local market is through a local realtor, not the national media. While there are factors that play into every market, there are many that differ on the local level. So whenever you need to know about the local market contact me!
 
Jacob B. Mitchell
Cell: 706-581-6401
Office: 706-226-5182
Email: AgentJacobMitchell@gmail.com
www.RealtorJacobMitchell.com
Coldwell Banker Kinard Realty

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
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