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Archive for the 'Blue Ridge Georgia Real Estate reVIEWS' Category
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This Home For Sale on Lake Nottely is a very unique property. As you can see from the video, it has Lake Nottely frontage on 2 sides, and one side is surrounded by approximately 17 acres of USFS land. It is located within Eagle Bend subdivision in Blairsville Georgia , an upscale Lake Nottely Community.
Please Contact Me at 706-994-8686 for more details on this Lake Nottely Home For Sale.
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There is nothing like feeling you are out in the “Boonies,” but you can walk to “Civilization!” You can get the Full Experience of Mountain Living just a few short blocks away from Downtown Blue Ridge Georgia in the Mineral Springs Ridge Community.
Mineral Springs Ridge is located near Great Food, Shopping, City Parks and even one of 4 Drive-In Theaters still operating in Georgia. Enjoy Long Range Mountain Views across Country and Town. There are many Great Outdoor Adventures here in the North Georgia Mountains, and the Aska Adventure Area in just down the road from Mineral Springs Ridge. From there you can do any number of activities, such as Biking, Mountain Biking, Hiking, Fishing, Hunting, Kayaking, and so much more! You can also Catch A Show or Hop On The Train, and take a ride along the Toccoa River and view the Indian Fish Traps along the way. There is always something going on in Blue Ridge, GA.
Mineral Springs Ridge is currently offering some really Good Deals! For a limited time, ALL Remaining Lots For Sale in Mineral Springs Ridge are priced at ONLY $25,000. That is right, Fantastic Mountain View Lots For Sale for ONLY $25,000. There is currently One Home For Sale in Mineral Springs Ridge. There are 2 New Homes that have recently began construction, and should be completed by the end of Summer 2010. There were also 2 Homes that SOLD in the community last year.
The Community is protected by Covenants and Restrictions, and there is a Home Owner’s Association. The property is served by Blue Ridge City Water, Sewer is provided by Private Septic Systems on each individual lot that the new owner(s) will be responsible for, and all Utilities are underground.
If you are looking for a place “Close To Town,” look no further than Mineral Springs Ridge. I can get you in touch with a Reputable Local Builder that will help you build the Home of Your Dreams. If you have any further questions or concerns, I would be grateful for the opportunity to answer those for you. If you would like any additional information, you can Contact Me, or simply pick up the phone and give me a call at 706.994.8686. I look forward to hearing from you soon.
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It appears that there is some positive news coming out of Fannin County, at least compared to the previous months. Vacant Lots For Sale in Blue Ridge, GA. is up 83% from March 2009. The Median Sales Price has risen %2,500, or 4% to $61,000 compared to $58,500 from a year ago. This is due in part to the Average Median For Sale Price coming down almost $10,000 for a 14% change from March 2009.
April is promising to be a fantastic month as the number of Vacant Lots Under Contract in Fannin County is up an amazing 180%. Although that is only a change of 9, up to 14 from 5, but it is still great news for North Georgia Mountain developments that have been sitting idle for for the most part experiencing very few sales. Many of our Mountain Communities are not doing well at all, and several of our developers are struggling to keep their investments out of Foreclosure. Many are realizing with the massive reductions in Property Values due to the Real Estate and Mortgage Crisis, the carrying costs added to the initial investments of these developments far exceed the 5 to 10 year projections of Market Value. This makes it very tough for them to hang on, both mentally and physically.
However Inventory is coming down shedding some more good news. The number of New Properties that have entered the market is down 29%, and the number of Total Vacant Lots For Sale In Blue Ridge Georgia is down 26%. The Average Days on Market (DOM) shot up a little in March, up 31% to 231 Days. This is the average time it takes a Real Estate Professional to Market and and Sell a Vacant Lot in Fannin County. AS you might have guessed, with the decrease in the amount of Properties For Sale in Blue Ridge, GA. and a slight increase in sales, the Month Supply of Inventory is also way down, 74.5% to only 72 months.
If you have any questions or concerns, or if you would like any additional information that I have not provided in this Real Estate Market Report, please Contact Me or give me a call at 706.994.8686. I appreciate you stopping by “The Porch,” and please know that you are welcome back anytime.
Make it a GREAT weekend!
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Mountain High is a Gated Luxurious Mountain Home Community Located just outside of Blue Ridge, GA. in a small town known as Mineral Bluff. The development is less than 10 years old and features unmatched Mountain Views of Georgia, North Carolina and Tennessee.
Currently there are 10 Mountain Homes For Sale within Mountain High. These homes ooze Mountain Elegance and make incredible Rental Investments. There are currently 4 Vacant Lots Available For Purchase at this as well. Mountain High is protected by Covenants and Restrictions upholding the integrity of the development.
If you have any questions or concerns, please Contact Me, or you can simply pick up the phone and give me a call at 706.994.8686 and I will be more than happy to answer them for your. Thanks so much for learning a little more about Mountain High. Please come back and visit more often on The Porch.
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The Median SOLD Price for Homes Sold In Fannin County was down 1% or $1,500 from April of 2009. January of 2010 was a great month for Median Sold Prices, it spiked to nearly $250,000. Not much change for the Median Price on Homes For Sale In Blue Ridge. The Median Price For Sale was down 4% or $11.500. There was only 1 less Home Sold in March of 2010 over a year ago which had a total of 27 units, this was a change of 4%.
The GREAT News is that the number of properties that have gone under contract during the Month of March, but have not yet closed is up a staggering 105%! There are currently 41 Homes Under Contract in Blue Ridge, GA., a change of 21 from a year ago. This is promising news that sheds some light on what the economists that I have heard have been saying. The consensus is that we have a lot of Buyers with money in their pockets just waiting on Spring and beautiful weather. It is a gorgeous Spring Day, boy do I hope they are right!
The number of Newly Listed Homes in Fannin County is down 5%, and the Total number of Properties that are being offered For Sale is down 13%, a drop of 137 units. The number of Expired Listings, listings that were not renewed or that is not currently back on the market was also down by 7 units for a Total of a 7% change. The Supply and Demand Graph within this Residential Market Report really paints the picture of what we have been seeing here in the North Georgia Mountain Real Estate Market.
Some more good news is that the number of Days On Market (DOM) is down 21% to 122 Days. This is basically saying that of the Homes Sold In Blue Ridge, GA., they were only on the Market for a total of 122 Days before going under contract to be purchased. Also because of the number of Homes For Sale in Blue Ridge Georgia being down and the number of units that were Sold being up, the Months Supply of Inventory is down 59% to only 18 and a half months.
If you have any questions or concerns about anything that you have seen or read within this North Georgia Real Estate Market Report, please feel free to Contact Me, or simply pick up the phone and give me a call now at 706.994.8686. Thank You so much for visiting me on “The Porch.” Please come back and visit as often as you like, you are always welcome.
Make it a AWESOME day!
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Well there is some Good and Bad news for the 3rd Quarter Residential Sales in the Fannin County Real Estate Market. Some Good News, the number of Homes Sold in and around Blue Ridge are up 26% from September a year ago according to the sales data from our Northeast Georgia MLS. Also the number of Homes that have gone Under Contract year over year is up a whopping 62%, a change of 15 more Homes. Another bit of Good News is that our inventory is slowly coming down as well. We have experienced an 11% decrease in the number of Homes For Sale in Blue Ridge, GA. to only 995 on the market compared to 1,118 in September 2008.
Now for the Bad News which actually isn’t all that bad. We continue to fight against the Banks and the troubles that they are causing as well. Home values continue to be driven down mostly due in part to the Short Sales and Foreclosures. I have mixed emotions about that actually. Some of our local Banks are really working hard to involve the local Realtors, while yet others seem to want to do it all on their own. Either way, they didn’t ask to be in this Real Estate Crisis either. Yes we all know they issued a lot of Bad Loans, but if we all would have had a Crystal Ball, I am sure most of us, if not all of us, would be in a different situation. The Median Sales Price of Fannin County Residential Homes is down 15%. That price is $208,000, which is much higher than the neighboring counties such as Union County and Gilmer County. The Average Days on Market is also up 31% to 132 days. This is the average number of days that a Home is on the market before it actually sells. I firmly believe that Pricing is 80% of Marketing these days, and if you are not priced right, and I mean aggressively against the competition, you are likely to see your Days on Market to be even higher than that.
Below you will find detailed Graphs and Charts gathered through our Northeast Georgia MLS. Feel free to Call Me at 706.633.8186 or Contact Me if you have any questions or concerns about anything I have said in this Market Report. If I can assist you with any of your North Georgia Mountain Real Estate needs, I would be grateful for the opportunity to speak with you about that.
Thanks so much for visiting me on “The Porch,” and I hope you come back and visit me again real soon.
Make it a GREAT day!
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While there is some good news with Vacant Lot sales in and around the Blue Ridge area located in Fannin County, there is still good reason to be concerned. Median Sales Price is up 25%, up $8,000 dollars from $32,000. Now it is questionable to me whether or not it is good news that the Supply has dropped 37%. This is obviously not from sales or we would see that in these reports. So where did all of the lots go? Well, they could have been withdrawn from the MLS to simply wait out the market and be offered by the developer, however my fear is that they are probably going into Foreclosure, if not now in the very near future. It is a major concern of myself and that of my associates that if we see a major wave of Foreclosures on these developments, it could yet again be another devastating blow to our North Georgia Real Estate Market.
It seems so dramatic to report that Vacant Lot Sales were down 22%, whereas if I told you that there were only 7 Lot Sales this month compared to 9 that Sold last month it wouldn’t sound near as bad! There were 8 Vacant Lots under contract in the month of July, and that is a decrease of 11% from the previous year. We have seen a significant decrease in the amount of Vacant Lots available on the market. In July of 2008 there were 1,573 Active Listings in Fannin County, in July of 2009 there were only 994. That is a difference of 579 or 37%. What is comforting is that the number of new listings hitting the market is down a whopping 68%. There were only 32 new Vacant Lots that hit the market in Fannin County in July 2009.
The average Days On Market (DOM) has climbed immensely to 344 Days, up 114% and still on the rise. As mentioned earlier with the decrease of Inventory, we have also experienced a decrease in our Month Supply of Inventory (MSI). MSI is down a change of 26%, from 158.6 to 118 months.
So as you can see, we are still experiencing a rough market for Vacant Lot Sales. It is so hard for these developers to hold on during these trying times. The biggest thing that I have experienced in talking with these developers is that they have suffered such significant depreciation in there developments, most more than 50%, that by the time that the market for Vacant Lots starts to come back around, they will have paid more interest than they will ever get out of the proceeds of the sale. That is a tough pill to swallow.
I you have any questions or concerns about this report or would like additional information, please Contact Me, or you can call me at 706.994.8686. I appreciate you taking the time to stop by The Front Porch View.
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