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Archive for May, 2009
As this week’s signal that home buyers are returning to the market, both Existing Home Sales and New Homes Sales posted improvement versus month-prior figures this April.
According to the National Association of REALTORS, the number of Existing Home Sales rose by 130,000 units in April.
New Home Sales rose by a modest 1,000 units in April.
As a twist in the story, however, although sales activity is rising, the available housing inventory is rising faster.
Versus March 2009, there were 300,000 more homes for sale in April — an increase of 9 percent. In addition, the “housing supply” rose to 10.2 months, its highest level since October.
This is good news for home buyers, of course, because home prices are a product of Supply and Demand. Depending on local conditions, buyers may find themselves in a position to demand lower sale prices or additional seller concessions.
The housing market has not fully rebounded but it continues to show signs of strength. With a few more months like March and April, it’s reasonable to assume that home buyers will lose some of their leverage for contract negotiation.
When that happens, expect home prices to rise.
Please come back to “Th Porch” soon for an updated Real Estate Market Report for the North Georgia Mountains. I will be posting a market report for Residential Inventory as well as Residential Sales in Blairsville, Blue Ridge, and the Ellijay areas. In addition to that, I will be posting the same reports for Vacant Lots and Acreage sales in those same areas.
Meanwhile, if I can answer any Real Estate related questions or concerns on Homes For Sale in Blairsville, Ga. or Cabins for Sale in Blue Ridge or Ellijay Georgia, please do not hesitate to call me at 706-994-8686, or simply send me an email at [email protected] I look forward to hearing from you real soon.
Make it a GREAT weekend!
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My Wife and I live about 7 hours from Blue Ridge. When we narrowed our cabin search to the Blue Ridge area I e-mailed several Realtors about listings I found on the MLS in that area. I had a few write me back and only one wrote me back more than one time. Then after that agent found out we were from out of town said she’d be happy to help once we were in town. With more searching I found Chad Lariscy’s website and within minutes of sending him an e-mail with questions I got a call from him. He helped me narrow the areas to look at and even drove out to our three top choices to get us pictures and video tours. With his help we were able to narrow our search down to one cabin that we were very interested in and based upon Chad’s hard work we put in an offer the day before our trip up (a Friday) and had the cabin under contract before we came back that Sunday.
Since the sell he has continued to help us in many ways. If your looking for property, a cabin or home I highly recommend working with Chad Lariscy.
Bernie & April Hester
Lady’s Island, S.C.
Bernie and April,
I have to say, this was an absolute first! Who would have ever thought that you could practically sell a North Georgia Mountain Home from a video posted to YouTube? I didn’t. It was a pleasure working with you both…..both times. I am grateful for your loyalty to me for your North Georgia Mountain Real Estate needs. I look forward to seeing you soon.
Chad
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Please Remember those who have fought in our Nation’s history, and continue to fight for the very freedom that we are enjoying today.
Thank You.
May God Bless You and Your Famiy, and may He continue to Bless this Great Nation.
- Memorial Day 2009
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Rates go up, rates go down. Catch them while you can.
After Wednesday’s mortgage market rally drove rates down by a bunch, Thursday’s sell-off pushed them right back up.
This has been a common pattern in the skittish world of mortgage rates this year.
With the U.S. economy still teetering between recession and growth, markets are looking for signals anywhere it can find them. Thursday’s clue came from a government report showing that more Americans are collecting unemployment benefits than at any point in history.
Strangely, mortgage rates rose on the news.
I call it “strange” because weak economic data has tended to draw mortgage rates lower lately to the benefit of prospective home buyers and would-be refinancers. Lower rates make homes more affordable.
Thursday, though, the pattern broke.
The main reason why mortgage rates rose Thursday isn’t because of the employment report or any other piece of data. Rates rose Thursday for the same reason that they had dropped the day prior — the Federal Reserve.
On Wednesday, the released minutes from the Fed’s last meeting suggested that the group might make a larger mortgage market intervention. On Thursday, in the face of worsening jobs data, markets bet the Fed wouldn’t.
Mortgage rate shoppers, unfortunately, got caught in the crosshairs.
Rates can — and do — change quickly, without warning. And, thus far this year, the changes have been extra sudden. This is one reason why it’s often prudent to lock a mortgage rate as soon as you find one that’s agreeable. Wait too long, and it could be gone.
Expect more volatility today with traders leaving early for Memorial Day Weekend. Less volume means more chances for rates to change.
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A “housing start” is a new home on which construction has started and, for the fourth straight month, single-family home construction remained flat in April.
For the battered housing market, this is the latest in a series of signals that a long-awaited turnaround is coming.
- The number of homes under contract to sell are rising
- The national housing inventory is down by nearly 1 million from March 2009
- Home values are rising, according to a government report
The current plateau in Housing Starts may indicate that builders are more confident in the economy, and that Americans are, too. Especially in light of the free fall over the past few years.
Single-Family Housing Starts have hugged the 360,000 mark since January 2009.
However, there is a footnote to the story.
As noted by the Commerce Department in its official report, the April Housing Starts conclusion is suspect because of the data’s large Margin of Error. Had the government’s sample set included a different series of data, in other words, it may have concluded that housing starts had fallen instead of staying flat. Or risen.
We won’t know the final results of the report until 3 months from now but if the initial figures hold, it will fortify the argument that the housing market has, indeed, found its bottom.
Although we have not seen a significant rise in housing starts here in the North Georgia Mountains, the overall Real Estate Market appears to be on the rise. With over 70% of our communities revenue coming directly from the Real Estate Indusrty in one form or another, this is still very good news. Being primarily a Second Home Market, we have an excess of Speculative Mountain Homes and Cabins that are still For Sale. Until we can widdle down our inventory, I do not look for our New Construction to see any sudden rise.
Make it a GREAT day!
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Memorial Day Parade
Memorial Day Parade - May 23rd
When
Saturday May 23rd
10:00 A.M. – 11:30 A.M.
Where
Downtown Blairsville on the Square
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Celebrate The Lake
Lake Nottely
Spring Tour of Lakeside Homes Fundraiser
When
Saturday May 23rd
11:00 A.M. – 5:00 P.M.
Sunday May 24th
1:00 P.M. – 5:00 P.M.
Where
Lake Nottely in Blairsville, Georgia.
Contact
Sue Boris – 706-835-3005 -or- [email protected]
Lynn Varian – 706-897-5669 -or- [email protected]
The Lake Nottely Improvement Assn.,The Blairsville Chamber of Commerce, and United Community Bank team up for a Spring Tour of Lakeside Homes.
For Additional Information, please visit the Blairsville-Union County Chamber of Commerce.
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Arts In The Park
Presented by the Blue Ridge Mountain Arts Association
Blue Ridge, Georgia
Memorial Day Weekend
May 23rd – May 24th
10:00 A.M. to 5:00 P.M.
$3.00 Admission and Children under 12 are Free
Bring your family and friends to the 33rd Annual Arts in the Park Festival. Located in beautiful Blue Ridge, Georgia , at the foothills of the Appalachian Mountains, this event draws about 15,000 people each Memorial Day weekend. The festival features more than 150 Fine Arts, Crafts, and Food booths and this year some special events and activities to celebrate our 33rd anniversary.
Make this a great Memorial Day weekend by sharing it with us here in the North Georgia Mountains. Come spend a few days and see our picturesque Lake Blue Ridge, hike part of the Appalachian Trail or take a ride on the Blue Ridge Scenic Railway . Come visit us – you’ll be glad that you did!
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This Log Cabin for Sale in Cherry Log, GA. is located at 409 Little Rock Creek Court. A beautiful drive up to the cabin just off of Highway 515 along Little Rock Creek, just outside The Rich Mountain Wildlife Management Area. Cherry Log is a small community within Gilmer County , actually a little closer to Blue Ridge, GA which is just inside the Fannin County line. Cherry Log was put on the map because of The Pink Pig , a famous B-B-Q restaurant right in the heart of Cherry Log. Past President Jimmy Carter has often been seen there frequently enjoying himself some Good Ole’ B-B-Q!
This Cabin has recently undergone many upgrades, expansions and renovations. To start with , the Kitchen cabinets and counter tops as well as some of the appliances have been upgraded. A very nice double door refrigerator with freezer on the bottom has been added. The Master Suite has been recently extended offering a spacious yet cozy feel. There is a sitting area in front, currently being used as a home office, as well as a very large walk-in closet. The main level bathroom features a separate tub, corner shower, and double vanities. It too has recently been upgraded with tiled flooring.
The open Great Room features a Corner Stoned Fireplace complete with vented gas logs, which makes it nice should you prefer the real thing and would rather have a crackling fire instead. This conversion can easily be accomplished with little to no additional costs. High above the Great Room are cathedral ceilings with exposed beams adding to the the charm of a Log Cabin in the Mountains. Up the steps you will find an open loft with yet another extension to enclose a once private balcony that now can be used as anther sitting area to take in and enjoy those breathtaking Mountain Views.
Downstairs fulfills every man’s wants and desires. The Family Room features a nice size area, large enough for a sitting area as well as a game of Pool at the Pool Table, which I might add is included with the purchase of the Cabin. Also tucked neatly under the staircase is a neat Bar Area finished off with a wood slab counter top and special lighting. You will also find just off of the Family Room 2 additional Bedrooms, a Full Bath and the Laundry and Utility Room. Leading out from the Full Finished Basement is a concrete poured patio, where the Back-Up Generator is stored that will run most of the Cabin should the power ever go out. This Back-Up generator will remain with the Cabin as well.
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The Cabin is nestled on 1.77 acres of beautiful Rhododendron, Mountain Laurel, Hemlocks, Pine, and various other Hardwoods and plants. This offers such privacy and seclusion, just what most Mountain Home Buyer’s are looking for. There is a 2 Car Garage just a few feet away from the Cabin, that has additional storage space in the attic of the Garage. Also, there is an additional refrigerator that makes for a great place for all those added items that are not needed as often that take up all your space in the refrigerator in the Cabin. You guessed it, this is also included with the purchase of the Cabin. If that isn’t enough, there is also an Outbuilding placed upon concrete pillars complete with electricity.
If you are looking for Peace and Tranquility, this is the place for you. The drive into the property along Little Rock Creek is almost reason enough to purchase the property. Just in front of the Cabin are trails meandering through the property that is often traveled by Deer, and even an occasional Bear. A wonderful place to spend your time is at the Stoned Outdoor Fire Ring with Gas Starter, or maybe even take in a game of Horseshoes at the Horseshoe Pit! This Cabin offers it all.
MLS# 185573 – $225,000
If you would like any additional information, or if you have any questions or concerns about this or any other Cabin or Mountain Home, please feel free to call me at 706.994.8686, or you can email me at [email protected]
Thanks for viewing this North Georgia Mountain Cabin For Sale, I really appreciate it.
Make it a GREAT day!
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