Out of curiosity I pulled the numbers on home sales in Pickens County GA by neighborhood for the past year, to get a rough idea of which subdivisions, besides Bent Tree and Big Canoe, had seen the most activity for the time period. 

Bent Tree and Big Canoe were excluded as the two largest neighborhoods in the county, and therefore likely to always hold the top slots. Combined the two account for around 44% of all current listing inventory, and approximately 26% of all home sales  / pending sales over the past 12-months.  So, outside of Big Canoe and Bent Tree, here is how the neighborhoods stacked up by overall number of sales:

1) MADISON RIDGE - 9
2) ARBOR HILLS     - 8
    SALACOA HIGHLANDS - 8
3) SADDLE RIDGE - 6
4) HUNTER'S RIDGE - 5
    IVY RIDGE - 5
    WHISPERING WATERS - 5
5) PHILADELPHIA HEIGHTS - 3
    WILD TIMBER - 3
    WINCHESTER OAKS - 3
    CHIMNEY RIDGE - 3

All other communities had less than 3 sales each during this time period.  How much these numbers are affected by neighborhood characteristics and popularity versus lower prices or affordability is open to speculation, but it is most likely some combination of the two.  All areas experienced some level of foreclosure, short sale or other distress sale during this time, but, outside of Madison Ridge, most of these neighborhoods had solid sales activity prior to the price reductions that took place.  The lower prices simply came as a bonus.  

I expect to see the ranking hold or improve for some neighborhoods like Arbor Hills, Winchester Oaks, and Saddle Ridge, over the next 12-months, while others are likely to drop lower on the list, due more to reduced inventory than buyer demand. For example, Wild Timber and Madison Ridge have few homes left available for sale, relative to where they were a year or so ago (at least not at the prices buyers have gotten used to paying).  Of course, this is subject to the direction of the foreclosure and short sale trend in the coming months, which is something yet to be seen . . .