Blue Ridge, GA, Real Estate Market Prices, Trends, and Forecasts 2023

Blue Ridge, GA, Real Estate Market Prices, Trends, and Forecasts 2023

  • Laura Elleby
  • 06/5/23
Blue Ridge, Georgia, is a nature lover’s dream. Just one breath of its cool, clean air will convince you. With so many hiking and water adventures in store, Blue Ridge is an idyllic city for anyone searching for a healthier lifestyle. Scenic waterfalls, kayaking activities, and hiking adventures (such as access to the Appalachian Trail) give those with wanderlust an outlet.

While an outdoor paradise, Blue Ridge also provides many arts and cultural opportunities, like the Blue Ridge Community Theater. Fine dining, with eateries like Ferraro’s Kitchen Blue Ridge, and boutique shopping at stores like Mustang Sally Clothing and Jewelry are close at hand. The Blue Ridge lifestyle truly grants luxury and excitement.

If you’re intrigued by Blue Ridge, Georgia, real estate, read on for an overview of the housing market and some tips on reaching success.

The Blue Ridge housing market forecast 2023

Falling interest rates

In the last year, mortgage interest rates have fluctuated and impacted buyers’ ability to purchase. In Blue Ridge, a 30-year fixed mortgage with a 20% down payment can range from 6.625% up to 7.662%, and that has oscillated within the past few months. However, many economists predict a steadying of the interest rates and a downward, though perhaps slow, trend. This will be favorable for buyers who have been waiting for the tides to turn.

Favorable investment returns on rental properties

Blue Ridge is rated at number 6 out of the 25 best places to buy on Vacasa’s Vacation Rental Buyer Report. The price-to-rent ratio draws rental property buyers, while the stunning scenery and charm of Blue Ridge pull in renters.

Population growth

Blue Ridge currently has a population of 1,283, up 1.58% from 2022. According to World Population Review, the growth rate is projected to trend upward for the next several years. As people begin looking for cities with less congestion and more space and natural beauty, Blue Ridge, Georgia, real estate has become a desirable destination.

Effects of Covid-19 on Fannin County housing market trends 2023

A global pandemic is bound to change almost everything about the way we live. The housing market is no exception. Many people were out of work during that time, businesses closed, and many people fled the bigger crowded cities to find homes in suburbs and smaller cities. All these factors have impacted the housing market on a national level, and Fannin County real estate is no exception.

Blue Ridge median home prices and market trends

While the national median home price is $371,000, the median sales price within Fannin County is $515,000 as of May 2023. This is down from the year prior but an increase month-to-month. There are also 103 new listings as of May 2023, which is up by 4% since the year before. It’s also worth noting that the number of active listings has risen by 54.5% in the county as well since 2022.

The cost of a home in Blue Ridge is lower than you would expect, even with the stunning landscape, incredible properties, and friendly community it offers. Anywhere else, one would pay dearly for the wide open spaces, amenities, and gorgeous homes that sweeten the deal in Blue Ridge. The amazing value here makes home-buying in Blue Ridge, Georgia, real estate a tremendously good deal.

On the Blue Ridge real estate scene, you can find new construction homes with modern amenities at every turn, including quartz countertops, top-of-the-line appliances, plank-engineered hardwood floors, open-concept living spaces, stacked stone fireplaces, oversized garages, screened-in front porches, and expansive windows overlooking a spacious yard and mountain vistas. These properties are the epitome of luxurious mountain architecture, with tall ceilings, sloped roofs, and custom-designed interiors. From cabin styles to modern estates, each home holds plenty of promise and appeal.

The Blue Ridge real estate market: A lucrative investment

Now is the time to invest in Blue Ridge real estate. Houses are appreciating, inventory is rising slightly, and the yearly profit on short-term rental properties is on the rise. Combining the benefit of a nice profit with the area’s popularity as a destination for tourists, its abundance of attractions, and short-term rental regulations that favor investors make investing in the Blue Ridge, Georgia, real estate market a profitable endeavor.

Expert tips for buying a home in Georgia

So, why buy a home in Georgia?
There are a multitude of reasons to buy a home in beautiful Georgia, especially in the amazing Blue Ridge area. The outdoor life is unparalleled, with its mountain, water, and forest access. The community is friendly and welcoming, the economy is thriving, and the cost of living is low. Whether buying your dream home or making an investment in a rental property, teaming up with a highly qualified agent is a crucial step in making the process go smoothly.

Knowledgeable agents like Laura Elleby of the E + E Group in North Georgia will expertly guide you through the process of buying your dream home.

Living the dream in Blue Ridge

Living in Blue Ridge is a luxury that may seem out of reach, but it can be your reality. The Georgia housing market is a buyer’s dream with the affordable median home prices, steadily rising home appreciation, and fantastic rental opportunities with a glorious backdrop of a scenic landscape. It is no wonder that Blue Ridge has a growing population, as real estate seekers flock to the area for its clean mountain air, spectacular outdoor terrain, and friendly community atmosphere.

If you are ready to make your move to this incredible community, contact trusted Realtor Laura Elleby today to begin your buying journey. Laura promises exceptional market insight, negotiation skills, connections where it counts, and a dedication to your goals at every point. Team up with Laura when you’re ready to find a beautiful new home in Blue Ridge, Georgia, real estate that you’ll be happy with for years to come.

*Header photo courtesy of Laura Elleby

Work With Laura

Looking for a new home in Blue Ridge or selling a prized property in Morganton or Mineral Bluff? With my expertise as a seasoned realtor, I guide buyers in uncovering their dream homes amidst the captivating landscapes of Blue Ridge, while also assisting sellers in Morganton and Mineral Bluff to find the perfect buyer for their esteemed real estate. For a streamlined, enriching property buying or selling journey, don't hesitate to get in touch. Together, we'll make your real estate aspirations come to life!

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