|FRONT PAGE - JANUARY 12, 2000 - JEFFERSON, GA|
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See Jackson County's 1999 Property Transactions
SIGN OF THE TIMES
Real estate for sale signs
have popped up all over Jackson County as land and homes continue
to be sold. Supported by strong economic growth in the metro
Atlanta area, Jackson County has seen a wave of growth in recent
years, especially in the West Jackson and Jefferson areas where
new subdivisions have seen strong sales.
Real estate sales top $153 million in '99
Jackson County closed out 1999 with another record in real estate sales, hitting $153.6 million for the year. That's a 25 percent increase over 1998 and is nearly five times the level of just five years ago.
For the first time ever, property sales of over $1 million were in double-digits in 1999, with 13 such large-dollar transactions recorded. In 1998, only four transactions topped the $1 million mark.
By far the largest single transaction was the $9.6 million internal sale of Mitsubishi in Braselton from one division of the firm to another. The next highest was a $2.9 million sale by Red Maple Properties to Wilmington Trust Company in the Holly Springs area of North Jackson.
One of the largest public buyers of the year was the Jackson County School System, which bought 61.7 acres near East Jackson Middle School, 26.5 acres near Jackson County Elementary School and 8.5 acres near Maysville Elementary School. The system spent over $1.4 million for the three transactions combined.
Some 1,917 transactions were posted in 1999, up from 1,819 in 1998. Some of the sales were for the same tract of land as builders purchased lots from subdivision developers, then built houses on the lots for resale.
By far the most active seller in 1999 was Buckeye Land and Timber Co. and Jimmy C. Barnett, which sold 44 tracts during the year, mostly in Academy Woods Subdivision and Clover Mill Subdivision. Arcades Homes, Inc. had 34 sales during the year, while developer Dorsey Guthrie sold 32 tracts, mainly in Antrim Glen, Montgomery Shores and Woodmont Subdivisions. Liberty Crest Properties Inc. sold 27 tracts in Liberty Crest Subdivision, mostly to builders.
With the total value of all real estate in Jackson County estimated around $2.2 billion, last year's sales represent a seven percent turnover in the county's real estate market.
For a complete listing of 1999 property sales in Jackson County, go to The Herald's web site at http://mainstreetnews.com.
Top 1999 Real Estate Sales in Jackson County
Jefferson BOE to hold parent meeting Thurs.
Leaders of the Jefferson City School System are hoping for a large turnout of parents Thursday night when they present an overview of upcoming plans for the system. The parents' meeting will be held at 7 p.m. at the Jefferson High School auditorium.
As growth pressures mount on the system, school leaders have begun another expansion of the elementary school and are in the midst of planning a new middle school facility. A bond referendum is planned for March as a means of financing the upgrades.
"We want to explain what our situation is as far as growth is concerned, and present what we want to do," said superintendent Dr. John Jackson during a recent BOE meeting.
School leaders are also planning changes in some of the academic aspects of the system.
gets more sewage capacity
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