BLUE RIDGE, GA Real Estate Foreclosures Seem to be Slowing Down

People are constantly asking us for updates on the current real estate market and the overall economic climate in our area in general.

For the most part, this area has been suffering through the same economic downturn experienced by the rest of the country, but things may be changing for the better!

This article points to the first signs we've seen that the forelcosure crisis in our area may be on the mend.
This would be great news for the small local banks, the Realtors and the owners of "non-distressed" properties who have suffered as a result of the real estate market slide.

Below is a posting of a recent article from the News Observer (local Blue Ridge paper)


Real estate closings rise, foreclosures decline


BY DUB JOINER, STAFF WRITER

Monday, February 15, 2010 1:28 PM CST


Real estate closings are up and foreclosures are down slightly, according Multiple Listing Service statistics for Fannin County and from a check of legal foreclosure advertising over the past six months in The News Observer.

June Slusser, past president of the Northeast Georgia Board of Realtors, said the number of closings reported to the board through MLS listings has increased each month since last July compared to the same period last year.

“This is a wonderful trend and we are excited to see increases,” Slusser said.

She said the closing statistics includes both land and housing units, and most of the closings are in Fannin County.

Meanwhile, a check of the legal ads shows that the number of foreclosures has been dropping since November.

In August, there were 62 foreclosure ads. That number increased to 86 in September. The number dropped to 41 in October.  In November, there were 66 foreclosure ads, 55 ads in December and 51 in January.   The foreclosure ads include those for property and housing units.




I hope that this is not an anomaly, but a sign of better things to come!  I'll keep you updated as the story progresses.

This North Georgia Real Estate blog is hosted by Gayle Barton of BERKSHIRE HATHAWAY Georgia Properties  located in the quaint mountain town of Blue Ridge, GA.

Please feel free to call (866-413-1781) or drop me an email gaylebarton@inbox.com if I can assist you with buying or selling your mountain home or property.

We no longer own First Class Cabin Rentals

As we are still getting questions about the recent changes in our lives I am writing an open letter to all of the friends and customers who have so graciously supported us, and our business, over the last 7 years.


We thought that by now everyone would have heard (or we would have had the opportunity to speak with you personally) about the fact that we have sold our vacation cabin rental business here in Blue Ridge.

After 7 years, and with Dan's mom being in ill health, we made the decision as a family that we needed to set the goal of moving closer to family (TX & KS) as soon as possible. So, we sold our business in July.

Because we also have a commercial building to sell (East First Street - where our home and office were co-located) we knew that it would not be an immediate move so Dan took a job in Atlanta in the interim and I went back to selling real estate fulltime.

Unfortunately Dan's mom passed away in October so, while our goal remains to move toward getting closer to family, the originally urgency we felt is no longer there so we will likely be in Blue Ridge for the foreseeable future.

We would like to thank our customers for their business and hope that your loyalty to First Class Cabin Rentals will continue, our homeowners and staff members who have worked as our partners for the last 7 years and other local business owners who have supported us and our company through guest and homeowner referrals!

Warmest regards,

Dan, Gayle and Nicholas Barton



This North Georgia Real Estate blog is hosted by Gayle Barton of
BERKSHIRE HATHAWAY Georgia Properties  located in the quaint mountain town of Blue Ridge, GA.

Please feel free to call (866-413-1781) or drop me an email gaylebarton@inbox.com if I can assist you with buying or selling your mountain home or property.