Lake Houses For Sale On Lake Nottely In Blairsville GA
Lake Nottely
There are currently 37 Active Homes For Sale on Lake Nottely. Lakefront Real Estate in North Georgia has been a little slow, as is the case for most Homes For Sale in GA. Within the past 6 months, there has been only 5 Lake Houses Sold on Lake Nottely within our Northeast Georgia MLS Real Estate Listings. The sales have been Cottages For Sale to some more Luxury Real Estate For Sale. Sales Prices have been from $145,000 to $600,000.
If you are looking for Waterfront Properties For Sale in the GA Mountains, please Contact Me. I would be grateful for the opportunity to earn your business and be your Realtor® of choice. If you see a Lake House For Sale On Lake Nottely that you would like additional information, just let me know and I will obtain it for you.
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Related Article: Unique Lake Nottely Home For Sale
January 2011 Sees Single-Family Housing Starts Fall
Annualized Single-Family Housing Starts dropped 1 percent in January to 413,000 units nationwide, it’s lowest reading almost 2 years.
A “Housing Start” is defined as a home on which construction has started.
Now, if you had only seen the Housing Starts story in the headlines today, you wouldn’t have known that single-family starts fell at all. It’s because of how the story is being reported.
Most commonly, newspaper headlines are reading something similar to “Housing Starts Jump 14.6%” with the lead paragraph making mention that “housing starts are at their highest levels in 4 years”.
It’s a true statement, but it’s misleading, too.
This is because, despite the Census Bureau reporting Housing Starts by property type — single-family, multi-family, and apartments — the media often lumps them into a single data set.
It’s a categorization that helps investors in home builder stocks, but it does little for everyday Blairsville Home Buyers. The huge majority of buyers aren’t buying multi-units or whole apartment buildings — they’re buying 1-unit homes.
Here’s how January’s Housing Starts broke down by type:
- Single-Family Homes : Down 4,000 units, or -1%
- 2-4 Unit Homes : Negligible change
- Apartment Buildings : Up 46,000 units, or +80%
Clearly, the surge in Housing Starts can be attributed to the rapid rise in the 5-unit-or-more sector. Single-Family Starts were weak, by comparison.
Even with all of this noted, however, we can’t even be certain that the January Housing Starts data is accurate anyway. A footnote in the government’s report shows that, although single-family starts are said to have decreased 1 percent, the data’s margin of error is ±8.6%.
Here on a more local level in the North GA Mountains, permits for new construction homes are down considerably from recent years. Land For Sale in North GA is now becoming more and more sought after by Real Estate Investors looking for great Real Estate Investments. Empty Lots in seemingly abandoned developments are extremely undervalued and prime for purchase. With little increased activity in Vacant Lots and Tracts of Land For Sale, many home builders in Blue Ridge, Blairsville, Hiawassee and Ellijay are hopeful that their services will soon be needed.
Total New Construction Permits Issued In 2010 For Each County Of North Georgia
- Gilmer – 91
- Fannin – 123
- Towns – 54
- Union – 68
This means that the true Single-Family Housing Starts reading may be anywhere from -9.6% to +7.6%. The data is throw-away. Housing Starts may have actually increased in January, but we won’t know until revisions are offered later this year.
Caught In The Net – Blue Ridge Community Theater
Caught In The Net
Caught In The Net
Caught In The Net
When: February 11 – March 6, 2011
Where: Blue Ridge Community Theater
By Ray Cooney. Even if you’ve never seen Caught in the Net’s predecessor, Cooney’s smash hit Run for Your Wife, you’ll have no trouble following the action. High Schoolers Vicki and Gavin hit it off when they meet online. The flirtatious teens can’t wait to meet in person, but have no idea that Gavin is, as the expression goes, “a brother of another mother.” Cab driver John Leonard Smith is father to both of them, having maintained two separate families in two separate towns, for nearly two decades.
Friday and Saturday’s at 7:30 p.m. Sunday’s at 2:00 p.m. Rated PG (mature subject matter and language)
The Blue Ridge Community Theater is located at 2591 East First Street, Blue Ridge Georgia.
For More Information, please call the Blue Ridge Community Theater Box Office at 706-632-5680.
Related articles
- Winterfest Fire and Ice Sculpting In Blue Ridge, GA. (thefrontporchview.com)
- February 2011 Fannin County Residential Market Report (thefrontporchview.com)
January 2011 Union County Residential Market Report
Union County Residential Real Estate Market Report – February 2011
Homes in Georgia continue to see a decline in Median Sold Prices. Houses For Sale in Georgia are being rocked by Bank Owned Real Estate For Sale. We are not immune to it here in the North Georgia Mountain Real Estate Market either.
The Media Sold Price for Homes Sold in Union County was down another 5% in January 2011. A drop of $7,600 to $144,900. The Median Sales Price for Homes For Sale in the Blairsville, GA. Market was also down 3% to $185,000. The number of Houses Sold in January was down 25%. Only 15 Homes Sold in Blairsville, down 5 from 20 that sold a year ago. Now are you ready for some Good News, there are currently 43 Homes Under Contract in Union County. That is a change of 19 from last year, and a 79% increase. January marks the second highest month for Pending Home Sales in Union County in the past year.
New Real Estate Listings are down 37%. I guess those would-be Seller’s that do not need to sell are listening to their Real Estate Agent. I tell my customers and clients that unless circumstances arise that cause you to sell, now is just simply not the time to Sell Your Ga Mountain Home. The total number of Properties For Sale is down 26% to only 577 Houses.
The Average Days on Market (DOM) is down 8% to 161 Days. This is the number of days on average that it takes to market and Sale Homes In Union County. The Months Supply of Inventory, or better known as the Absorption Rate was 11.2 in January 2011. That is down almost 60% year over year. This is due mostly in part to both the Supply and Demand each being down around 25%.
If you have any questions or concerns about anything that you have read in this report, please Call Me at 706-994-8686, or you can simply Contact Me Here.
It Was A Pleasure Dealing With You
Chad,
It was a pleasure dealing with you on my recent vacation home purchase. Your help before, during, and even after the sale has been above and beyond. I have already recommended you to several of my friends who are interested in the Blue Ridge area.
Thanks again,
Garland
Go Gators!
Garland,
I am not real sure why I am allowing the “Go Gators” to remain on your testimonial…..but I have no choice. I am glad that we finally found “Gator Mountain!” I am sure that you will enjoy your New North Georgia Mountain Cabin for years and years to come. I will enjoy getting to know you better.
Thank you so much for your loyalty and your business. I am grateful.
Chad
