Market Reports June 22, 2023

CHATSWORTH, MURRAY COUNTY RESIDENTIAL REAL ESTATE REPORT: MAY 2023

Let’s take a quick look at the Chatsworth/Murray County Market Report for the month of May!
 
There were 29 New Listings that came to market, which is 9 fewer than in April. Pending Sales matched the number of New listings at 29, which is an increase of Month-over-Month by 4 units. Closed Sales decreased by 1 unit M/M, from 25 to 24 Closed Sales.
 
Median Sales Prices have increased Year-over-Year by 23.8%, from $205,500 to $254,500, while Average Sales Prices have increased by 18.4% Year-over-Year, from$243,170 to $288,013.
 
The Months Supply remains near to but increased by a tenth of a percent Month-over-Month, from 2.2 to 2.3. However, Year-over-Year the Months supply is still slightly down from 2.4 Months Supply in May of 2022 to 2.3 Months Supply in May of 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
Market Reports June 20, 2023

May 2023 Residential Sales Price Report: Dalton/Whitfield County

Nothing except increases in May of 2023! Let’s check in on our local market by keeping track of the month-over-month and year-over-year data for residential sales prices.
 
Year-over-year the Median Sales Price increased by 7.4% and the Average Sales Prices followed the same direction, but only increased by 1.7%. By look at the difference from the jump of the Median Sales Price and the Average Sales Price, you can see that there has been an increased demand for housing on the more affordable side than there has been of housing in the more expensive price ranges. While the demand has not gone away on the higher price ranges they are out numbered by buyers in the lower price ranges.
 
Now, when we look M/M the Median Sales Price and the Average Sales Price there isn’t as much of a difference, with a 7.8% increase in the Median and a 5.9% increase in the Average. This is a good sign for the market as a whole going into summer, showing that more buyers are coming into the market in all price ranges bringing prices up with the heightened demand.
 
Overall, in our market’s current inventory environment I suspect that we will continue to see a rise in prices, and at the very least sustain current pricing. However, there are some factors that could change pricing. One of which being interest rates increases or decreases which could easily result in a change in demand, especially in the higher price ranges. The other being Increase in inventory coming to market that could potentially meet buyer demand and slow down Sales Price growth.
 
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!
Market Reports June 16, 2023

June 2023 Average Sold Price to List Price Sales Report: Dalton/Whitfield County

Here’s something that stayed consistent month-over-month, however, there has been a year-over-year decline, dropping from 99% to 98%. Receiving such a high percentage of the list price not only shows market demand but also proper pricing adjustments for the current market conditions.

The market has seen more leverage fall into the hands of buyers over the past year but with the Average Sold Price to List Price Percentage remaining only two percent from 100%, it is clearly not a market of high leverage for all buyers. Homes that are within the majority of buyers’ price range are still moving at a rapid pace and with little price flexibility, but where buyers are seeing some leverage is in properties that 1) fewer buyers qualify to buy or 2) are less desired by most buyers.

Lastly, to see the Average Sold Price to List Price Percentage remain so high should be no shock when we consistently remain near 2 months of supply and our median Days-on-Market is only 13 days.

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!

Work & Life December 30, 2022

Work & Life: Ringgold, GA

Ringgold, GA is a charming and vibrant city located in the northwest corner of the state. With a population of over 3,600 people, it is a tight-knit community with a strong economy and a variety of business and recreational opportunities. Whether you are a business owner looking to start or expand your company, or an individual searching for a new place to live and work, Ringgold is definitely worth considering. Here are some of the best reasons to call Ringgold home:

  1. Location: Ringgold is conveniently located within easy reach of major transportation routes, including Interstates 75 and 24, which provide easy access to customers and suppliers. It is also within driving distance of several major cities, including Atlanta, Chattanooga, Knoxville, Huntsville, and Birmingham, providing easy access to a variety of business and cultural opportunities. The location also offers access to major airports, making it convenient for business travel and commuting.
  2. Affordable cost of living: Ringgold has a lower cost of living compared to other cities in the region, making it an affordable place to live and do business. This includes lower costs for housing, healthcare, and other essential expenses. For business owners, this means you can operate your business more efficiently and pass those savings on to your customers. It also means that employees will have more disposable income to spend on your products or services.
  3. Strong workforce: Ringgold has a skilled and dedicated workforce, with a variety of educational and training programs available to help workers develop new skills and advance their careers. The city is home to several colleges and universities within driving distance, providing a pipeline of talented and educated workers. This is especially important for businesses that rely on skilled labor or need to attract top talent. The area also has a strong tradition of entrepreneurship and innovation, with a number of successful small businesses and startups.
  4. Growing economy: Ringgold has a diverse and growing economy, with a strong base in manufacturing, healthcare, and education. The city is home to several large employers, including EPB Fiber Optics and Shaw Industries, which provide a steady source of employment and economic growth. It is also home to a number of smaller businesses, including restaurants, retailers, and service providers, which contribute to the local economy and create a sense of community. This stability and growth provide a solid foundation for businesses looking to start or expand in the area.
  5. Quality of life: In addition to being a great place to do business, Ringgold is also a great place to live. The city has a variety of recreational, cultural, and entertainment options, including parks, museums, and sporting events. These options provide plenty of opportunities for individuals and families to enjoy their free time and get involved in the community. The area also offers a number of outdoor recreational activities, including hiking, biking, and fishing.
  6. Low crime rate: Ringgold has a low crime rate, making it a safe place to live and work. This is especially important for businesses that want to provide a safe environment for their employees and customers, as well as for families with children. It also means that individuals can feel more secure and at ease in their own homes and neighborhoods.
  7. Pro-business climate: Ringgold has a pro-business climate, with a variety of resources and support available to help businesses succeed. This includes organizations like the Ringgold-Catoosa Chamber of Commerce, which provides networking and educational opportunities for business owners. The chamber also works to promote economic development in the region, which benefits businesses of all sizes. 
  8. Great schools: Ringgold has a variety of excellent schools, including public, private, and charter options. This is especially important for families with children or businesses that rely on a well-educated workforce. Good schools are an important factor for many families when choosing a place to live, and Ringgold has a strong education system to offer. The city also has a number of institutions of higher education within driving distance, including the University of Tennessee at Chattanooga, Dalton State College, and Georgia Northwestern Technical College, which provide a range of academic and vocational programs.
  9. Outdoor recreation: Ringgold is located between the Blue Ridge Mountains and Lookout Mountain, providing ample opportunities for outdoor recreation. This includes hiking, biking, fishing, and more, making it a great place for businesses and individuals who love the outdoors. The nearby mountains also provide a stunning backdrop for the city, adding to its natural beauty. The city has a number of parks and green spaces, including the Ringgold Playground and the Elise A. Holmes Nature Park, which offer a range of outdoor activities and amenities.

In summary, Ringgold, GA is a great place to live and do business. With its convenient location, affordable cost of living, strong workforce, growing economy, and quality of life, it has a lot to offer both individuals and businesses. Additionally, its low crime rate, pro-business climate, great schools, vibrant arts community, and outdoor recreation options make it an attractive place to call home. The city has a strong sense of community and a friendly atmosphere, making it a welcoming place for businesses and individuals alike.

 

Work & Life December 30, 2022

Work & Life: Dalton, GA

Dalton, GA is a thriving and vibrant city located in the northwest corner of the state. With a population of over 34,000 people, it is a bustling community with a strong economy and a variety of business and recreational opportunities. Whether you are a business owner looking to start or expand your company, or an individual searching for a new place to live and work, Dalton is definitely worth considering. Here are some of the best reasons to call Dalton home:

  1. Location: Dalton is conveniently located in the heart of northwest Georgia, making it an ideal location for businesses serving the surrounding area. It is situated near major transportation routes, including Interstates 75 and 59, which provide easy access to customers and suppliers. It is also within driving distance of several major cities, including Atlanta, Chattanooga, and Birmingham, providing easy access to a variety of business and cultural opportunities. The location also offers access to major airports, making it convenient for business travel and commuting.
  2. Affordable cost of living: Dalton has a lower cost of living compared to other cities in the region, making it an affordable place to live and do business. This includes lower costs for housing, healthcare, and other essential expenses. For business owners, this means you can operate your business more efficiently and pass those savings on to your customers. It also means that employees will have more disposable income to spend on your products or services.
  3. Strong workforce: Dalton has a skilled and dedicated workforce, with a variety of educational and training programs available to help workers develop new skills and advance their careers. The city is home to several colleges and universities within driving distance, providing a pipeline of talented and educated workers. This is especially important for businesses that rely on skilled labor or need to attract top talent. The area also has a strong tradition of entrepreneurship and innovation, with a number of successful small businesses and startups.
  4. Growing economy: Dalton has a diverse and growing economy, with a strong base in manufacturing, healthcare, and education. The city is home to several large employers, including Shaw Industries and Mohawk Industries, which provide a steady source of employment and economic growth. It is also home to a number of smaller businesses, including restaurants, retailers, and service providers, which contribute to the local economy and create a sense of community. This stability and growth provide a solid foundation for businesses looking to start or expand in the area.
  5. Quality of life: In addition to being a great place to do business, Dalton is also a great place to live. The city has a variety of recreational, cultural, and entertainment options, including parks, museums, and sporting events. It is also home to a vibrant arts community, with several galleries and performance venues. These options provide plenty of opportunities for individuals and families to enjoy their free time and get involved in the community. The area also offers a number of outdoor recreational activities, including hiking, biking, and fishing, as well as a number of golf courses.
  6. Low crime rate: Dalton has a low crime rate, making it a safe place to live and work. This is especially important for businesses that want to provide a safe environment for their employees and customers, as well as for families with children. It also means that individuals can feel more secure and at ease in their own homes and neighborhoods.
  7. Pro-business climate: Dalton has a pro-business climate, with a variety of resources and support available to help businesses succeed. This includes organizations like the Dalton-Whitfield County Chamber of Commerce, which provides networking and educational opportunities for business owners. The chamber also works to promote economic development in the region, which benefits businesses of all sizes. The city and county offer a number of incentives to businesses, including tax breaks and grants, as well as assistance with site selection and development.
  8. Great schools: Dalton has a variety of excellent schools, including public, private, and charter options. This is especially important for families with children or businesses that rely on a well-educated workforce. Good schools are an important factor for many families when choosing a place to live, and Dalton has a strong education system to offer. The city also has a number of institutions of higher education within driving distance, including Dalton State College and Georgia Northwestern Technical College, which provide a range of academic and vocational programs.
  9. Vibrant arts community: Dalton has a vibrant arts community, with several galleries and performance venues. This is great for businesses that want to tap into the creative energy of the community or for individuals who enjoy the arts. It also adds to the overall quality of life in the town, making it a more attractive place to live and work. The city hosts a number of annual arts festivals and events, including the Dalton Civitan Music Festival and the Friendship House Music Festival, which showcase the talents of local artists and musicians.  
  10.  Outdoor recreation: Dalton is located in the beautiful Blue Ridge Mountains, providing ample opportunities for outdoor recreation. This includes hiking, biking, fishing, and more, making it a great place for businesses and individuals who love the outdoors. The nearby mountains also provide a stunning backdrop for the city, adding to its natural beauty. The city has a number of parks and green spaces, including Haig Mill Lake Park and Heritage Point Park, which offer a range of outdoor activities and amenities.

In summary, Dalton, GA is a great place to live and do business. With its convenient location, affordable cost of living, strong workforce, growing economy, and quality of life, it has a lot to offer both individuals and businesses. Additionally, its low crime rate, pro-business climate, great schools, vibrant arts community, and outdoor recreation options make it an attractive place to call home. The city has a strong sense of community and a friendly atmosphere, making it a welcoming place for businesses and individuals alike.

 

Work & Life December 30, 2022

Work & Life: Rocky Face, GA

Rocky Face, GA is a charming small town located in the northwest corner of the state. With a population of just over 3,000 people, it is a tight-knit community with a strong sense of pride and a friendly atmosphere. This, combined with its convenient location, affordable cost of living, and strong workforce, make it a great place to start or grow a business. It is also an attractive place to live, with a variety of recreational, cultural, and entertainment options, as well as a low crime rate and excellent schools. Here are some of the best reasons to consider Rocky Face for your business and personal life:

  1. Location: Rocky Face is located in the heart of the northwest Georgia region, making it an ideal location for businesses serving the surrounding area. It is conveniently located near major transportation routes, including Interstates 75 and 59, which provide easy access to customers and suppliers. It is also within driving distance of several major cities, including Atlanta, Chattanooga, and Birmingham, providing easy access to a variety of business and cultural opportunities.
  2. Affordable cost of living: Rocky Face has a lower cost of living compared to other cities in the region, making it an affordable place to live and do business. This includes lower costs for housing, healthcare, and other essential expenses. For business owners, this means you can operate your business more efficiently and pass those savings on to your customers. It also means that employees will have more disposable income to spend on your products or services.
  3. Strong workforce: Rocky Face has a skilled and dedicated workforce, with a variety of educational and training programs available to help workers develop new skills and advance their careers. The city is also home to several colleges and universities within driving distance, providing a pipeline of talented and educated workers. This is especially important for businesses that rely on skilled labor or need to attract top talent.
  4. Growing economy: Rocky Face has a diverse and growing economy, with a strong base in manufacturing, healthcare, and education. The city is home to several large employers, including Shaw Industries and Mohawk Industries, which provide a steady source of employment and economic growth. This stability and growth provide a solid foundation for businesses looking to start or expand in the area.
  5. Quality of life: In addition to being a great place to do business, Rocky Face is also a great place to live. The city has a variety of recreational, cultural, and entertainment options, including parks, museums, and sporting events. It is also home to a vibrant arts community, with several galleries and performance venues. These options provide plenty of opportunities for individuals and families to enjoy their free time and get involved in the community.
  6. Low crime rate: Rocky Face has a low crime rate, making it a safe place to live and work. This is especially important for businesses that want to provide a safe environment for their employees and customers, as well as for families with children. It also means that individuals can feel more secure and at ease in their own homes and neighborhoods.
  7. Pro-business climate: Rocky Face has a pro-business climate, with a variety of resources and support available to help businesses succeed. This includes organizations like the Dalton-Whitfield County Chamber of Commerce, which provides networking and educational opportunities for business owners. The chamber also works to promote economic development in the region, which benefits businesses of all sizes.
  8. Great schools: Rocky Face has a variety of excellent schools, including public, private, and charter options. This is especially important for families with children or businesses that rely on a well-educated workforce. Good schools are an important factor for many families when choosing a place to live, and Rocky Face has a strong education system to offer.
  9. Vibrant arts community: Rocky Face has a vibrant arts community, with several galleries and performance venues. This is great for businesses that want to tap into the creative energy of the community or for individuals who enjoy the arts. It also adds to the overall quality of life in the town, making it a more attractive place to live and work.
  10. Outdoor recreation: Rocky Face is located in the beautiful Blue Ridge Mountains, providing ample opportunities for outdoor recreation. This includes hiking, biking, fishing, and more, making it a great place for businesses and individuals who love the outdoors. The nearby mountains also provide a stunning backdrop for the town, adding to its natural beauty.

In summary, Rocky Face, GA is a great place to live and do business. With its convenient location, affordable cost of living, strong workforce, growing economy, and quality of life, it has a lot to offer both individuals and businesses. Additionally, its low crime rate, pro-business climate, great schools, vibrant arts community, and outdoor recreation options make it an attractive place to call home. Whether you are a business owner looking to start or expand your company, or an individual searching for a new place to live and work, Rocky Face is definitely worth considering. The town has a strong sense of community and a friendly atmosphere, making it a welcoming place for businesses and individuals alike.