The North Georgia Blue Ridge Mountain real estate market is primarily a second home, discretionary market. This fact alone could cause mountain properties to take longer to sell than properties in primary markets because a buyer who already owns a home must choose to spend money to buy a second home in an uncertain economy.
The overall real estate market (consisting of Fannin, Gilmer, Towns and Union Counties) is being called stable by some local appraisors. Have We Hit Bottom ? Well, we won't really know until prices start going up.
One of the challenges currently facing Realtors in assisting home sellers … (16 comments)
fannin: North Georgia Blue Ridge Mountains - Market Watch July 2008 Edited
- 08/15/08 12:07 PM
Edited August 17, 2008 Please note: I made a typo on Active Listings for Union County. I typed the number of Days on Market rather than the # of listings for sale. As of August 17, 2008 - Union County Single Family Residential Properties currently for sale: Active = 754 Contingent = 15 Pending = 35My thanks to Chad Lariscy - The Front Porch View, for catching my mistake. July 2008 market data for the following North Georgia Blue Ridge Mountain counties: Fannin Gilmer Union Towns Average Days on Market:Fannin Gilmer Union TownsYr 2008 = 159 Yr 2008 = 171 Yr 2008 = 142 Yr 2008 … (3 comments)
fannin: Video Walkthru of Adorable Dovetail Log Cabin in McCaysville
- 08/06/08 02:59 PM
This video was made to showcase some of the best features of this adorable, cozy dovetail log cabin. In town living but far enough from town to have privacy. The video will show the Toccoa River which is just across the road from the cabin and also shows the quaint mountain town of McCaysville.
The cabin was constructed in 2006, 2 bedrooms, 2 bathrooms, great room, eat-in kitchen, large laundry room, living on main level, two covered porches, full unfin walk-out basement stubbed for 3rd bath. Large, private lot with small branch bordering property. Fully furnished, includes washer and … (20 comments)
fannin: North Georgia Blue Ridge Mountains Market Data (June) Edited
- 07/18/08 08:41 PM
June market data for the following North Georgia Blue Ridge Mountain counties: Fannin Gilmer Union Towns Overall, market conditons appear to be stabilizing. Below are data tables that show the market correction which took place more dramatically between 2006 and 2007. We experienced a pullback or slowing in volume sales, decrease in average sold price and in some cases, an increase in the number of days on the market. The sold price % to list price has been fairly stable in 2007 and 2008 for all four counties with Towns slipping only slightly. You can see the market correction that took place in 2007 … (7 comments)
For all counties combined as of March 8, 2008 - There are 2837 active, contingent and 141 pending homes on the market. The average list price is $336,286 and prices range from $8500 up to $3,500,000. Please note: Statistics below are only for one month (February 08) compared to (February a year ago) - these are not year to date statistics.
Mountain Homes For Sale | Listing Notifier | Home Evaluation | Mortgage Calculator
Donna Yates, Georgia Realtor primarily serving the North Georgia Blue Ridge Mountains located … (10 comments)
fannin: Use Reason and Logic to Buy Real Estate in the Current Economy Edited
- 02/29/08 07:38 PM
Ignore the news and tune out the chatter "the sky is falling" is easier said than done. If we are not in a recession, then we act like we are. We have allowed fear to become the overiding factor causing many to do nothing when it comes to investing in real estate. One should remember that real estate is a long term investment and has proven to be one of the best investments overall. Of course, there should be some skepticism and caution given the current outlook of our economy, but skepticism and caution should be tempered with reason and logic and not become out … (30 comments)
fannin: North Georgia Mountains Market Watch February 8, 2008
- 02/08/08 07:20 AM
North Georgia Blue Ridge Mountains Market Watch 2008Fannin, Gilmer, Union, Towns and Pickens CountiesSingle Family Residential Homes Mountain Homes For Sale | Listing Notifier | Home Evaluation | Mortgage Calculator Donna Yates, Georgia Realtor primarily serving the North Georgia Blue Ridge Mountains is with Mountain Investments of North Georgia located in Blue Ridge, Georgia 30513. Donna is dedicated to the real estate profession full-time and is ready to help home sellers and buyers in Georgia, North Carolina and Tennessee. Email: Donna@ellijay.com Call 706-633-0644 cell or 706-946-7111 office Visit Donna's website to view great mountain properties: www.move2northgeorgia.net The latest demographic study according to the … (6 comments)
fannin: North Georgia Blue Ridge Mountains Real Estate Market Watch - January 2008
- 02/03/08 03:54 AM
North Georgia Blue Ridge Mountains Market Watch - January 2008Donna Yates, Georgia Realtor | North Georgia Blue Ridge MountainsFannin | Gilmer | Union | Towns | Pickens Counties Single Family Residential Home SalesJanuary 2008 compared to January 2007 Data source: Northeast Georgia Multiple Listing Service as of February 2, 2008
Average Sold Price was DOWN in January 2008 compared to January 2007 Median Sold Price was UP in January 2008 compared to January 2007 Number of homes sold was DOWN in January 2008 compared to January 2007 Days on the market was UP in January 2008 compared to January 2007
Average Sold Price was DOWN in January 2008 compared to … (5 comments)
fannin: North Georgia Blue Ridge Mountains Market Watch - End of Year 2007 Edited
- 01/02/08 10:56 AM
Keeping it real in real estate... Following are real estate market statistics as reported by the Northeast Georgia Multiple Listing Service for the North Georgia Blue Ridge Mountains. This market information is comprised of the following counties in Northeast Georgia: Fannin, Gilmer, Union, Towns, and Pickens and provides a snapshot of current real estate market conditions. Please bookmark my website: www.move2northgeorgia.net to keep informed of ongoing real estate market conditions in the North Georgia Mountains. This data has been edited to show EOY (end of year) 2007 market acitivty. Updated 1-2-2008
Market News 2879 single family homes are available for sale as at EOY 2007 for all counties … (0 comments)
fannin: North Georgia Blue Ridge Mountains Market Watch (Edited)
- 11/29/07 06:25 PM
Keeping it real in real estate... Following are real estate market statistics as reported by the Northeast Georgia Multiple Listing Service for the North Georgia Blue Ridge Mountains. This market information is comprised of the following counties in Northeast Georgia: Fannin, Gilmer, Union, Towns, and Pickens and provides a snapshot of current real estate market conditions. Please bookmark my website: www.move2northgeorgia.net to keep informed of ongoing real estate market conditions in the North Georgia Mountains. All in all, the North Georgia Mountain market is still strong with some slight and necessary corrections in certain cases. In spite of the negativity of the news media … (11 comments)
Thank you for visiting. Please feel free to leave your comments. For a free brochure of Blue Ridge and the surrounding area, please email me at donna@ellijay.com or visit my website: www.move2northgeorgia.net and complete the contact form. Be sure to tell me that you would like a free brochure and I will get this in the mail to you within 24 hours of your request. I hope to see you in the pristine North Georgia Blue Ridge Mountains! Read about the Twin Cities McCaysville and Copperhill. A special thank you to Bob Sommers of Active Rain for his tip (rockyou.com) … (8 comments)
fannin: Own a Slice of Luxury Resort Living in North Georgia's Blue Ridge Mountains for a Fraction?
- 10/27/07 07:51 AM
Recently, I wrote a couple of articles about Fractional Ownership (not to be confused with timeshares) and promised that I would have more to come regarding this new purchasing concept for luxury real estate in the North Georgia Mountains. Our first high-end resort community for Fannin County is well underway. So, get ready for a development of highly distinguished rustic elegant log homes with amenities that traditionally have been enjoyed by the rich and famous! Nature's Estates, a resort community now underway and Fractional Ownership of real estate is about to revolutionize Fannin County 's Blue Ridge Mountains. Buy by the slice or … (17 comments)
fannin: Beer and Wine Referendum set for the November Ballot in Fannin County, North Georgia Mountains
- 08/18/07 01:36 PM
Fannin county commissioners and local residents and business owners got together this week to discuss a number of issues relating to the county. But the heated topic of beer and alcohol which has been an ongoing debate for this county for awhile had many of the folks at odds including the commissioners who didn't see eye to eye either. An estimated 70% of beer and wine supporters stormed out of the meeting after a motion was passed to a put beer and wine referendum on the November ballot. Howie Bruce, Chairman of Fannin County Board of Commissioners felt the community deserved the chance … (9 comments)
fannin: North Georgia is Developing Rapidly - Protecting the Public and the Environment
- 07/26/07 11:32 AM
North Georgia is growing rapidly. The mountain region was once a sparsely populated area but not anymore! It's changing and it's changing rapidly. Georgia's demand for residential and recreational development has now expanded more than one hundred miles from Metro Atlanta. Raymond King, District Director of Environmental Health tells us how all of this rapid development is affecting our beautiful mountains and how hard the local environmental health department and the communities are working together to preserve the mountains and protect the public. Per Mr. King: "Let's say you live in Marietta and would like to buy some land in North Georgia to … (3 comments)
fannin: Horseback Riding in beautiful Cashes Valley, Blue Ridge - North Georgia Mountains
- 07/23/07 10:53 AM
"Hold your horses"! Don't miss Callihan's Adventure Trail Rides of Cashes Valley: adventure trail rides Offering 1 hour, 1 1/2 hour and 2 hour rides to accommodate riders from level 1 to the more advanced rider. 1 Hour --- This trail ride is great for adults and children and is classified as level 1. But it will provide a few obstacles that will excite riders of all ages. Trails offer beautiful scenic views and is an leisurely ride. 1 1/2 Hour --- This trail ride is great for mixed groups. It will not bore the advanced rider but is still safe for the adventurous beginner. Trails offer a … (3 comments)
fannin: Everybody's Talking about Talking Rock, North Georgia Mountains
- 07/04/07 11:48 AM
The small mountain town of Talking Rock is tucked away in the foothills of the Appalachian Mountains in North Georgia. It is the third smallest town in the state. Talking Rock is full of charm and rich with history of the Trail of Tears and the Civil War. This town is located in Pickens county but used to be a part of Gilmer county. The Heritage Day Festival is an annual event, held during the third weekend of October. Festivities include woodcarvers, blacksmiths and live music all day. Watch the artisans create their crafts before your eyes. And October is an ideal time to visit … (0 comments)
fannin: Take a Hike ... in the North Georgia Blue Ridge Mountains
- 07/04/07 06:52 AM
The North Georgia Mountains offer great opportunities for hiking, camping and pure recreation . Whether you want to be in the high country, near a lake or rushing creek, or cascading waterfalls , North Georgia has it all! Take for example Lake Blue Ridge , located in Fannin County Georgia. This lake is a pristine 3300 acre lake with over 100 miles of shoreline. Camping by the lake provides a cool mountain retreat. Lake Blue Ridge campground is designated as day use only but there is Morganton Point on the lake for overnight camping with 37 campsites, tent pads, picnic tables and drinking water. … (1 comments)
fannin: Investing in North Georgia Blue Ridge Mountains
- 06/11/07 11:38 AM
Updated 11-03-07 This information is to be used as merely an example. Figures must be adjusted to reflect current market conditions. Use other people's money$$$ Let's say you purchase a home in the North Georgia mountains for $300,000 with a 10% down payment of $30,000. Homes in Fannin county are appreciating between 10 to 15% per year (even in this market change). Appreciation rates have been as high as 18% to 37% even though the market is adjusting and prices are leveling off, appreciation rates are still incrasing. Using a conservative middle range of 13% annual appreciation, your home will go up in … (0 comments)
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