The state of the North Georgia Mountain Real Estate market is improving. The mountains did not suffer the same growth spurt as many other areas of the country. Therefore we did not have to rebound as far.
Factors influencing us are , The Atlanta Market, the retirement market, the jobs market, and the Florida Market.
1 The Atlanta Market. The foreclosure rate in Atlanta is still higher than the National average. The unemployment rate is also a bit higher than the National average. However this is off set by growth in North Georgia and North of the city. There fore, coupled with rising ability to telecommute the North Georgia Mountains are experiencing modest growth from the Atlanta Market.
2 The retirement Market. Mountain property still remains the number 2 destination,after ocean , to retire in. As different areas of the country rebound the market here shows growth from this sector.
3 The jobs Market. North Georgia is the home to the nations carpet industry as well as Marble industry. Both of these industries have suffered. The net increase in jobs here is minimal. However the wage rate in North Georgia is general a little higher. In the Mountain counties of Pickens and Dawson for example we see more folks moving in and the wages they are receiving are higher than those who are moving out.
4 The Florida Market. The second biggest feeder to this market is Florida. As that market is starting to rebound we can expect growth from that area. However the real rebound has not yet started.
Bottom line is mountain property has never been more affordable. The combination of low rates, good prices and good inventory still makes this a buyers market. However do not be fooled. It is not a desperate market. If you are looking for a home in our great North Georgia Mountains contact us at www.allmountainrealty.com. We are your experts when it comes to North Georgia Real Estate.