The real estate market in Northeast GA has been on an incline for the last few years, and while it does fluctuate with economic changes, the market is currently holding strong and showing resilience. With many people moving to the area, cities like Hartwell and Royston are prime hotspots for relocation and showing stability in continuing to grow.
With small-town charm and a little bit of southern hospitality, it’s no surprise that the area has been the perfect match for many home buyers relocating. But that’s not enough to be the main selling point for many homeowners, so what exactly is bringing them here?
Stable Demand and Prime Location
With many individuals and families looking to escape the hustle and bustle of larger cities, smaller, more rural areas are playing a major part in the steady demand for home ownership. One notable reason so many are moving to the area is that they’re drawn to the tranquility and affordability of small-town living. This has improved the local market drastically and made it so much easier to market homes to those from out of town.
From Hartwell’s picturesque lakeside location, with its boating, fishing, and recreational activities to Royston’s charming small-town atmosphere, historic downtown, community events, and sense of community – these factors contribute to the steady demand for homes in both areas. Royston offers accessibility to both Atlanta and Greenville and is a prime location for those looking to have privacy, while Hartwell sits right on the state line and is an appealing destination for homebuyers seeking a waterfront lifestyle.
Another major driving factor behind Northeast Georgia’s steady real estate market is the limited inventory of available homes. This scarcity of housing options creates a sense of urgency amongst buyers, leading to increased competition and even heightened prices. While the area’s low inventory can be attributed to several factors, it’s shown nothing but success in propelling the consistency of homes selling quickly.
Major reasons that this is good for the region’s market include a lack of new construction due to zoning restrictions or limited land availability. Add on delays for supplies and booked-out contractors, and it only increases that sense of urgency. Additionally, existing homeowners may be hesitant to sell their properties, further contributing to the limited supply. This imbalance between supply and demand helps to support the stability of home prices in the area and further pushes a more balanced and progressive market.
On top of inventory and desire for a new destination to call home, Northeast GA has been experiencing consistent economic growth, which plays a significant role in the strength of the real estate market.
Hartwell, with its reputation moving towards becoming a popular tourist destination, benefits from the tourism industry’s economic impact. The presence of the beautiful Lake Hartwell attracts visitors from all over, whether it be for a temporary stay, vacation hotspot, or even full relocation. This winds up helping support local businesses, which strengthens the overall economy.
Royston, on the other hand, thrives off of its proximity to so many nearby thriving communities. It’s become almost a connecting point for locals who work at nearby manufacturing businesses, giving a sense of peace and quiet while also providing accessibility. With a stable and growing job market, and the potential for future growth, the area attracts individuals and families who are looking to start fresh and have a desire for a growing yet confident sense of community.
Overall, it doesn’t appear that the growth for the area is going to slow anytime soon, and this only helps Northeast GA’s real estate market remain robust and avoid significant declines. If you or a loved one are looking to relocate to one of Northeast Georgia’s beautiful cities, connect with a local agent to stay up to date with what’s coming and going on the market.
Who knows, you might find your dream home just by staying updated.