The Elegant Augusta Real Estate Blog

Lydia Taylor December 21st, 2007

I had a request today to share some historical housing data for Columbia County. The question was, “Can you post some information from the MLS concerning average DOMs and declining prices in Columbia County?” It took a little bit of digging, but I found it! So, here you go:

For the year 2006:
Columbia County had 3,958 residential listings, of which 2,901 were sold, 675 withdrawn, and 438 expired before sale. The average days on the market (DOM) was 76 days, with a sale price 99% of the list price. The average sale price of a Columbia County home was $208K.

Year to date 2007:
Columbia County had 4,004 residential listings, of which 2,274 were sold, 1,044 withdrawn, and 318 expired before sale. The average DOM is 88 days. Sales are closing with an amount within 99% of the listing price. The average sale price so far is $217K. There are 154 homes that are marked pending (under contract as of today).

So to answer the question directly, the average DOM has increased 12 days, while the average listing price has increased $9,000. Home values in Columbia County increased roughly 4.25% last year.

Not exactly a gloom-and-doom scenario. In fact I had someone remind me this was a normal market several years ago, before the real estate boom.

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