Canton Real Estate and Canton Homes for sale
Located at northern part of Georgia, in the Northern portion of the Atlanta real estate market, the city of Canton features various types of real estate properties. Canton Real Estate and Canton Homes properties can be found for rent or for sale. Among these types of properties, you can find vacant land, residential properties and commercial properties.
The buying and selling market for property has been continuous active for the city of Canton Georgia for the past few years. As of October 2010, there are over 1,800 properties for sale within Canton and over 1,100 properties that have recently sold in the past year. This trend shows that this market has various options of listing and buying properties to be very active in this part of Georgia.
This activity in the building market in Canton is very impressive considering the population that resides there. According to the 2008 United States Census Bureau, there was over 2,700 households in Canton Georgia for the year 2008. The realty market appears to have grown considerably in just the last few years.
The price value of realty and homes for Canton has fluctuated in the past five years. Today, the average value of homes in Canton Georgia continues to drop as many other home values in Georgia and across the nation. Last year they experienced only a 1.2% drop in home value but a 16% drop over the last 5 years which can be measured as a small or great decrease depending on what area you are comparing it to.
Of all the various types of homes and realty properties found within Canton Real Estate, there is almost equilibrium of houses being sold in comparison to houses being bought. This can be a positive outlook for someone interested in investing, buying, or selling property there. They will be able to find a great range of properties for sale with a fairly good value. Selling property, however, may be a bit more challenging with all the options out there.
The lovely Georgian town of Canton lies in Cherokee county, in the north of the state, up against the Blue ridge Mountains. As the county town it has a population of some 22,000, and has long been famous as the town that originated the Canton Denim. Canton real estate and Canton Homes have since boomed, and busted, in this area.
Canton became best known for its massive growth during the property boom of the last decade the fastest growing city in Georgia, not to mention one of the 5 fastest growing cities in the US. It has made the most of its location to pull in investment and government assistance to redevelop itself after it lost much of its industry.
With the large capital investment came jobs, and major property expansion the development of leisure facilities at the Heritage Park helped cement the great leisure and recreation opportunities of the Blue Ridge Mountain area.
Then came the bust- and Canton real estate and Canton Homes suffered badly in the property crash of 2008; it was in Georgia that much of the debt fueled property speculation occurred. Nearly 1800 homes are being foreclosed here now, out of 2600 homes that are up for sale; all of that from a total number of households of 7500.
There have been big declines in property prices, and even over the last 12 months prices have fallen by 4%. That said, prices are still higher here than across much of Georgia, with the average home value estimated at $215,000, and the falls have not been as severe.
The market can be seen as one of significant opportunity there a great number of new build properties, many larger and more luxurious, and they can be bought for historically low prices; some 20% less than the peak prices of 2008.
So if you have cash to burn, and are looking not just for a great family home, and a wonderful location, but for a real long-term property investment, it may be that Canton is the place for you.