Madison Ridge, Jasper GA: Activity Surge -- Foreclosure Homes for Sale Being Snatched Up at Bargain Prices!!

Both potential buyers and local residents have commented to me on the pleasant setting and overall appeal of the fairly new Madison Ridge subdivision in Jasper GA, but expressed concerns that few homes had sold. Well, that has changed.

In the past few months, there have been four homes sold . . . with another four houses currently under contract of sale, scheduled to close within a few weeks! That is eight, out of a total of about 12 new construction homes for sale in Madison Ridge, already gone! And, most of these houses were purchased at bargain prices, ranging from $150,000 to $242,000, versus previous list prices in the high $200's to low $300's.

These aren't the only bank owned foreclosures in Pickens County being snatched up by buyers . . . there are recently closed and pending sales of foreclosed bank REO's in Wild Timber, Jordan's Crossing, and Dogwood Trace as well, but not such a flurry of activity as has been seen in Madison Ridge recently.

With only a handful of homes remaining for sale in this neighborhood, it shouldn't be long before all available inventory at these great prices is gone. Certainly a positive development for the excess of new houses that we previously had on the market competing with resales and restricting future development . . . and maybe just one more sign of improvement in our local housing market.

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