It's a Great Time to Buy a Vacation Home in Big Canoe

By
Real Estate Agent with Georgia Views Realty LLC

 

All the economic indicators agree that it’s a great time to buy a vacation home in Big Canoe.

The economy is improving and mortgage rates are still at historic lows. Housing prices are also improving, but slowly, and certainly not back to the peak prices before the bust. According the National Association of Realtors’ (NAR) 2013 Investment and Vacation Home Buyers Survey, the national median price of vacation homes  was $150,000 in 2012, compared to $121,300 in 2011. Home values are rising, but they are still very attractive when you consider the median price in 2005 was $200,000.

Likewise, real estate prices in North Georgia are starting to recover. That’s why it’s a great time to buy a vacation home in Big Canoe now before prices go any higher.

There are many reasons people consider purchasing vacation homes. In the NAR survey, 80% of the buyers stated they wanted to use their vacation home as a family retreat, 27% have plans to eventually use it as a primary residence, and 23% plan to rent the property to others.  Vacation homes were also considered to be a good investment by 23% of the respondents.

You might have similar reasons for considering a vacation home. Big Canoe, North Georgia’s premier resort community, can satisfy any requirement you might have. Because it has a mix of permanent residents, weekend owners, and vacationers, there are a variety of properties to choose from. Whether you have in mind a cozy cabin that will generate rental income, or a full-sized home for full-time living, or the perfect place for a weekend getaway, Big Canoe has it all.

Regardless of which type of vacation home you decide to purchase in Big Canoe, you can be sure that your investment will appreciate. The unique qualities that made Big Canoe the winner of the 2011 Community of the Year from the Greater Atlanta Home Builder’s Association will continue to attract future generations of home buyers. With mortgage rates low, prices affordable and a good selection, now is a great time to buy a vacation home in Big Canoe.

 

 

 

Comments (6)

Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team
Ken's Home Team LLC. - Vancouver, WA
- SOLD IS OUR FAVORITE 4 LETTER WORD -

Welcome to Activerain from from all of us at Ken's Home Team. I think you will find this site to be a wealth of knowledge and referrals. This really is the best real estate blogging and real estate network on the internet. If you have any questions about Activerain, reach out to the wonderful Ambassadors here in the rain. (They are a wealth of knowledge and were picked by the Activerain staff for their willingness to help others

Aug 17, 2013 03:18 PM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Welcome to Activerain and I hope you are learning a lot and if you ever need any assistance, don't hesitate to check out my blog, email me, call me, I will be glad to help you in any way possible. Also, check out the main page of Activerain and look for the Activerain University tab, there are lots of educational webinars to help you build your business.

Aug 17, 2013 03:22 PM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Tony, Big Canoe is a great area. In our previous life before Real Estate, my wife and I used to live in your area.  We owned Tigertown Pizza in Dawsonville before our building was sold. Great Country!!!

Aug 20, 2013 04:26 AM
Tony Hicks
Georgia Views Realty LLC - Big Canoe, GA
Tony Hicks

HI Larry: 

 

When did you leave?  My son is at Dawson County HS and plans to got to Univ of North Ga (he wants to be officer in Army).  Loving it here in Big Canoe.

Aug 20, 2013 04:52 AM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services
Hello Tony.  Thanks for sharing and Welcome to active Rain!
Aug 21, 2013 06:06 PM
Tony Hicks
Georgia Views Realty LLC - Big Canoe, GA
Tony Hicks

Thank you Nestor & Katerina Gasset!

Aug 21, 2013 10:17 PM