I have been closely watching North Georgia and particularly Big Canoe® real estate since the market really headed down. Big Canoe® has been banging along the bottom of the market for a couple of years due to the poor economy and high unemployment across the region. I have watched as buyers and sellers try to maneuver through buying agreements to get the best deals that they can out of a transaction. Some of the deals have been really great for the buyers and other deals have fallen apart when a purchaser got cold feet because of perceived market conditions. I think that there are several reasons to believe that this is the time to make a buying decision on Big Canoe® real estate.
Just down Yellow Creek Road across the Cherokee County line is the location of Gibbs Gardens. This is truly a world class Garden that is opening in March 2012 will annually attract thousands of visitors from around the country and around the world to the Big Canoe® area. These visitors will not only be looking at Gardens, but they will be looking at the area which will lead to interest in real estate. Nothing helps and economy more than visitors who are spending money and looking over the local area and attractions. They will need places to stay and of course Big Canoe® will be high on the list of great places to spend time while visiting Gibbs Gardens.
Just across the Dawson County line on Highway 53 is the controversial Atlanta Motorsports Park (AMP). This facility will bring in people from across the southeast to become members of this high end club and participate in driving their high performance cars on the 2 mile road course. Members will bring their families and spend time at the track and they will also look around the area for places to live or second homes. This venue is not everyone’s idea of what they like in North Georgia, but it is here and it will have a positive economic impact on the neighborhood and Big Canoe® real estate.
So the bottom line is that the economy has been really bad for the last couple of years, but there activities occurring that will have a positive impact on the local real estate market. This means that if you are looking at Big Canoe® homes now is probably a good time to lockup that great deal at the current low interest rates…because they won’t probably won’t stay low much longer. I expect that these new venues, as different as they are from each other, will be really good for the economy of North Georgia and Big Canoe® real estate.