How Markets are local!
For the
folks who are not always aware of the
differences in real estate markets from
California to Florida to Virginia and yes
even our little piece of heaven here in foothills of the
Appalachian mountains,
real
estate is local! Currently the news on TV
and in print looks bad, yes doom and gloom
will always catch the headline. But one
piece of information I would like all to
consider, when prices are low and conditions
favor the prospecting buyer whether it is in
market investments or real estate investment
this is the time to buy!
Current
market conditions at this time are providing
buyers with some of the best deals as seen in
at least 2 years on certain new construction
and resale homes. We are seeing an average of
5.9 percent up to 20% price reductions on
certain properties. Classic case is the
listing link below at a 20K price reduction
sent over the e-mail this morning.
Our market
never saw the crazy prices like Florida and
our communities are growing nicely and
property values continue to grow at a steady
health pace. The
Blue Ridge, GA up to the
Murphy, NC and
surrounding areas continue to show steady
progressive growth and will continue to do so
for many, many years. A charming region of the
country abundant with deep blue lakes, rushing
creeks, waterfalls and the oldest and most
enchanting mountains in the world.
The western
North Carolina and northeast Georgia
communities continue to receive positive state
and national coverage by TV and magazine
publications for its quality of life and
activities surrounding the southern mountain
regions. Local NC PBS coverage of national
renowned
J.C. Campbell Folk School
located in
the Brasstown district of Warne, NC to
Southern Living Magazine's May issue on the
Cherohala Skyway in Graham county, NC.
Atlanta’s premier magazine “Points North”
dedicates a complete section every month to
this area featuring actives, festivals and
places to go an be seen.
Sellers are
more negotiable to buyers at this current
time. New construction homes and their
builders are eager to work with buyers in
moving their current inventory. It is
recommended that buyers take advantage of this
current buyers market before its gone.
The southern
mountain regions covering western North
Carolina and northeast Georgia never really
experience the dramatic price increases like
other markets (FL, CA, etc.) In 2005
EscapeHomes.com
and
Forbes.com rated Murphy,
NC at 6th in the top ten for second home
developing markets. Prices continue to hold
steady today and will continue to grow making
investment in these southern mountains a very
savvy move!
Copyright©
protected May 2007 Kathryn Shanaberger
Southern Mountains Realty
Visit some
of Southern Mountains Realty's other websites:
www.murphyncrealestate.net
www.murphynchomes.com
www.southern-mountains.com
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