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January 19th, 2010Categories: Georgia Mountain Real Estate VIEWS

The next time you think you’ve outgrown your home, imagine what life would be like in New York City’s “skinniest home”. It’s barely wider than your wingspan.

In Greenwich Village, there’s a single-family, 3-story residence in which the interior living space width measures just 8 1/2-feet. By way of reference, that’s 4 inches more narrow than the Smart Fortwo electric automobile.

Even the home’s USPS street address hints at its size.  Built on an alleyway, nestled between 75 Bedford Street and 77 Bedford Street, the diminutive home is officially known as 75 1/2 Bedford.

It just sold for $2.1 million.

Meanwhile, big price tags for little homes is nothing new. In 2008, the “Little House” in Toronto sold for the equivalent of $511 per square foot.

It is a good thing that Homes For Sale in Blairsville, GA. are not selling for an average of $512 per square foot. If so, my children would never eat!

(Image courtesy: Wikipedia)

Tags: Add new tag, Blairsville, Greenwich Village, Homes For Sale, House, New York City, Skinny Home

Written by Chad Lariscy//Discussion: Please leave a comment.

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November 13th, 2009Categories: Georgia Mountain Real Estate VIEWS

For the eighth straight consecutive month, national foreclosure activity in the U.S. was dominated by a small set of states.

As reported by RealtyTrac.com, more than half of October’s foreclosure-related activity came from just 4 states:

1. California
2. Florida
3. Illinois
4. Michigan

The remaining Top 10 states in terms of total foreclosure activity included Arizona, Georgia, Texas, Ohio, New Jersey, and Maryland.

Foreclosures are up 19 percent from last October, but a deeper look at the RealtyTrac report revealed two positive developments for the housing market.

1. Foreclosure activity is down 3 percent from last month
2. Foreclosures per Household decreased in 9 of the 10 most heavily concentrated states

Furthermore, Nevada’s foreclosure pace is down 4% from last year.  This is a big deal because Nevada has long led the nation in foreclosure-related activity. Until last month, Nevada’s year-to-year foreclosure rate hadn’t fallen in more than 4 years.

It’s too soon to say that the foreclosure market is drying up, but bargains are getting harder to come by.  First-time buyers and bona fide investors alike have been snapping up property at a furious pace.

According to an industry trade group, distressed homes account for nearly one-third of home resale activity.

That said, buying foreclosures isn’t for everyone.

For one, properties are often sold as-is and may be defective.  The cost of repairs may negate “the deal” or “the steal” — depending on the cost of the home.

Secondly, closing on a foreclosed home can be a 3-month long process. This is because banks rarely process home sale paperwork as fast as a “person” would. A 3-month timeframe may not fit your schedule.

In the end, fundamentally, buying a foreclosed home is the same as buying a “regular” home — there’s a contract and a closing.  Most of the steps in the middle, however, are different.

Read the complete foreclosure report and take a peek at the foreclosure heat maps on the RealtyTrac website.  If you like what you see, talk to your real estate agent about what to do next.

There’s still good deals in the foreclosure market, but based on October’s data, they may not last through the winter.

Tags: Deals, Foreclosure, Georgia, Homes For Sale, Real Estate, United States

Written by Chad Lariscy//Discussion: Please leave a comment.

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November 3rd, 2009Categories: Blairsville Georgia Real Estate reVIEWS, Georgia Mountain Market reVIEWS, Georgia Mountain Real Estate VIEWS

Much like the Fannin County Residential Market Report, we have some positive news as well as some not so good news. I would like to begin with the not so good news and end this post on a positive note. Seller’s are continuing to be plagued with the Foreclosure and Short Sale Markets. The median Sold Price for Union County is down 25%. That is a change of almost $50,000 from October of 2008. Our average days on market for the Homes For Sale In Blairsville, GA. is up 35%. Since August of this year, we have seen a decrease each month in the number of days on market which is again mostly due in part to the number of Foreclosures and the aggressive pricing that the Banks are placing on their REO’s.

That’s all for the negative, isn’t that nice? Now for some good news. The number of Homes Sold in Blairsville Georgia continues to climb. Union County home sales are up 18%, which sounds a lot better than if I were to say 4 more than October of 2008. It is still positive news any way you slice it. The Residential Inventory in Union County is decreasing each month, down 15% or 137 fewer Homes For Sale this October. The number of Homes that are Under Contract or that have gone Pending is also up 7%, a change of 2 from last October. With new construction still very slow, our number of new properties listed are way down, 37% which is 40 less new listings than we had a year ago. This may not sound like good news, but I actually believe it is. We have  a lot of old inventory that we desperately need to get rid of so that more and more new construction can begin again. Finally, our Absorption Rate is down 17%. This tells us the number of months that it would take to sell all the Residential Inventory that we currently have at current market conditions. Right now that number is 23 months.

Thanks so much for coming up on “The Porch” for another North Georgia Mountain Market Report. I really appreciate it and hope that you do come back again real soon. If you know of someone looking to Buy or Sell North Georgia Mountain Real Estate, I would be grateful if you would pass along to them My Contact information. Even better, forward them this post or a link to The Front Porch View.

Tags: Blairsville Georgia, Days on market, Foreclosure, Homes For Sale, Listings, Market Report, Real Estate, Residential, Short Sale, Sold, Union County

Written by Chad Lariscy//Discussion: Please leave a comment.

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August 7th, 2009Categories: Blairsville Georgia Real Estate reVIEWS, Georgia Mountain Community reVIEWS, Georgia Mountain Real Estate VIEWS

The Sanctuary at Lake Nottely is an upscale gated community not far from town conveniently located to both golf, as well as you guessed it, Lake Nottely. The Sanctuary is located just under 8 miles from downtown Blairsville Georgia and not far from Murphy, NC.  An absolutely beautiful North Georgia Mountain backdrop and gentle terrain makes this the picture perfect community for you and your family.

A comfortable walk through the bordering United States Forestry Service and you will be located at one of many public boat ramps on Lake Nottely. Here you and the family can launch the boat, or if you just want to take a dip in the lake to cool off, well you can do that as well.

There are currently 6 Vacant Lots available within the Sanctuary at Lake Nottely. Those prices range from $26,500 to $85,000. There are 4 Homes Available within our Northeast Georgia MLS at the time of this article. I do know of at least one other home that is not currently listed, however the present owners are willing to sell if the right Buyer comes along.

Thanks so much for taking just a minute to learn about this GREAT community right here in the North Georgia Mountains! If you have any questions or concerns about The Sanctuary at Lake Nottely or any other Blairsville area community, please do not hesitate to call me at 706.994.8686, or Contact Me. I would be grateful for the opportunity to assist you with all your North Georgia Mountain Real Estate needs.

Please be sure to check out Harbin Woods that is also gated with paved access, but leaning a little more on the “Rustic Style” of mountain living.

Make it a GREAT day!

Tags: Blairsville, GA, Georgia, Homes For Sale, Lake Nottely, Mountain, North Georgia Mountain Real Estate, The Sanctuary

Written by Chad Lariscy//Discussion: 1 Comment »

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May 21st, 2009Categories: Georgia Mountain Real Estate VIEWS

Tags: Acreage, Blairsville Realty, Cabins For Sale, Homes For Sale, Land, North Georgia, Real Estate

Written by Chad Lariscy//Discussion: 2 Comments »

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