2020 Q4 Market Report_Digital | Page 20

East Lake | Q4 2020
Including Edgewood and Kirkwood
DETACHED HOMES UNDER $ 1M
Q4 2020 Q4 2019 % change
Total Homes
For Sale

43

Total Homes
Sold

118

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
43
118 $ 464 $ 474 46 1.4
113
113 $ 442 $ 393 63 3.6
-62% + 4 % + 5 % + 21 % -27% -62%
Average List Price ( 000 )
$

464

Average Sold Price ( 000 )
$

474

Average Days On Market
46
Months ’ Supply

1.4

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .
Source : Trendgraphix All data believed to be accurate , but not warranted .
Ellijay | Q4 2020
DETACHED HOMES UNDER $ 1M
Q4 2020 Q4 2019 % change
Total Homes
For Sale

56

Total Homes
Sold

121

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
56
121 $ 380 $ 313 47 1.4
146
82 $ 376 $ 272 65 6.1
-62%
+ 48 % + 1 % + 15 % -28% -77%
Average List Price ( 000 )
$

380

Average Sold Price ( 000 )
$

313

19
Average Days On Market
47
Source : Trendgraphix All data believed to be accurate , but not warranted .
Months ’ Supply

1.4

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .