Bent Tree Real Estate Sales
Sales Reported Through October 31, 2008
Through the end of October 2008 there have been 21 Homes Sold in Bent Tree and one new sale is pending.
New Listing at 904 Fairway Drive in Bent Tree
This is an increase of 5 homes sold since the last report. I am pleased to report that I participated in two of them. I represented the Pattersons who left their lovely lakefront cabin on Blue Surf to join family on the West Coast and the Baragars who purchased a house on Southview Trail and have already begun making it their own home. Three of my clients this year have purchased homes in Bent Tree and are creating dramatic new changes to make their new houses their personal homes. In the next few weeks there will be a series of articles about all 3 of them. I hope you will check in to see what progress they are making.
In 2007 there had been 32 sales in Bent Tree through October. So sales are down about one third, but there are certainly still sales going on. Because the market is slow there are some lovely homes on the market at very attractive prices. If your stock portfolio has underperformed this year, it might be a good time to make an investment in a 2nd home or investment property. If you are looking for a new permanent residence, some of the permanent residences available are just unbelievable values and interest rates are still very attractive. Just in case you are wondering - local banks have money and they are closing loans. All 3 of my closings this month were funded on time and closed without a hitch.
Here are the details on Bent Tree:
- Current Listings: 70 This is down 15 from the last report. The 70 listings represent 6% of the homes in Bent Tree and is well below a “normal” average of around 10%. This is due partially to the current slow market as some home owners have elected to take their properties off the market for a while and wait for things to settle down (or up!). There is also a normal drop over Thanksgiving and Christmas as home owners want to be able to ”use” their homes over the holidays without being always “on call.”
- Price Range: $141,900 to $799,900.
- Pending Sales: 1 Home is currently in a Due Diligence Period.
- Sales in 2008: 21 Homes have sold since January 1, 2008. ( 5 homes sold since the last report and 1 more has moved to pending.
- Price Range of Annual Sales: $125,000 to $452,000.
- New Listings in the last 2 weeks: 2
For a short report on Pickens County Home Sales please visit my other BLOG: Life In North Georgia
Have a great week and I’ll see you ’round the mountains,
Don
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