Dramatic Changes Occurring in North Georgia's Blue Ridge Real Estate Market
What’s a Buyer to Do?
North Georgia Real Estate market conditions are changing. Market condition information is critical to home buyers and investors looking to purchase real estate in the Blue Ridge market area. Understanding the dynamics of supply and demand help buyers know what to expect when entering into a real estate transaction.
Inventory (suppy) of real estate has decreased dramatically and is currently at the lowest level in more than six years! Prices have also declined to their lowest levels in many years with interest rates still at all-time historic lows. These dynamics are creating a heated market in certain price points with certain types of properties.
Since dramatic changes are occurring in this market area, there are several dynamics a purchaser should know. One in particular is buyers may find themselves in a multiple offer situation, especially on lower priced homes and foreclosed properties. In some cases, a home buyer or investor may be surprised to learn that even with a strong offer, they lose out to another bid.
The expectation for the North Georgia Blue Ridge area is the local real estate market will continue to heat up throughout 2012. Indications show the market is moving away from a “buyer’s” market to one that is more balanced.
I invite serious buyers to contact me today!I am trained and experienced in representing buyers and guiding them through these evolving conditions to achieve a successful real estate purchase.
Associate Broker, Realtor®. GRI (Graduate Realtor Institute)
Residential Homes for Sale in North Georgia
Looking for a local market expert in North Georgia?
Blue Ridge Georgia Real Estate – Call or Text: 706-633-0644 Mobile
Serving the North Georgia Blue Ridge area communities, assisting home buyers and/or sellers with their real estate needs in:
Blue Ridge, Ellijay, Blairsville, Hiawassee, Young Harris, Epworth, Morganton, Mineral Bluff
Contact Donna Today !