Is Blue Ridge really Saturated?

[Archana K.]

Hi All! My Husband & I are in search of our 1st STR cabin (2/2) in the Blue Ridge area. We started off with the Smokies and soon realized that it's way too expensive for our budget and so moved to Blue Ridge. We do read a lot of post that mention BR is saturated already and there are STR restrictions coming up in the surrounding areas like Brairsville. Can anyone please give us some insights on this? Is BR really saturated at this point of time? Is there an alternative market/area that we can consider now? Thanks!

[Chris Jenkins]

It feels like yes. I have been watching for a property there and the prices are insane! I'm holding. I'm new to investing though. Would love to hear what others say.

[Archana K.]

Thanks! I do agree that the prices are insane! Yet I do see some ridiculous price cuts close to 50K overnight. Let’s wait for what others have to say!

[Yoon Chong]

I would look into Ellijay and Jasper, GA.  They are the two towns directly south of BR. They are both cities in the foothills of the Appalachian. 

[Archana K.]

Quote from @Yoon Chong:

I would look into Ellijay and Jasper, GA.  They are the two towns directly south of BR. They are both cities in the foothills of the Appalachian. 

 Yeah Ellijay is equally good too!

[Neil Doldo]

I own two properties in BR that are doing VERY well and have a new one coming on in two weeks.  The first two will gross $155k and $115k, respectively, and we anticipate the new one will outpace both.  We tend to lean towards properties that have higher occupancy and a ton of amenities.  All of our properties have a theater room, pool table, hot tub, arcade, etc.  Our new one has a pool as well and sleeps 18.  There is definitely some saturation in the market, but if you have something that stands out, you will do fine.  A run of the mill cabin in the woods will not cut it anymore.  Guests want amenities, modern rustic, views, water, etc.

My wife is a real estate agent in the area as well and she is definitely seeing the prices start to come down.  THe inventory is low, but there are some good deals to be had

[Archana K.]

Thank you so much for your valuable insights! Really appreciate it! Will definitely start looking for properties with amenities! 



Quote from @Neil Doldo:
I own two properties in BR that are doing VERY well and have a new one coming on in two weeks.  The first two will gross $155k and $115k, respectively, and we anticipate the new one will outpace both.  We tend to lean towards properties that have higher occupancy and a ton of amenities.  All of our properties have a theater room, pool table, hot tub, arcade, etc.  Our new one has a pool as well and sleeps 18.  There is definitely some saturation in the market, but if you have something that stands out, you will do fine.  A run of the mill cabin in the woods will not cut it anymore.  Guests want amenities, modern rustic, views, water, etc.

My wife is a real estate agent in the area as well and she is definitely seeing the prices start to come down.  THe inventory is low, but there are some good deals to be had

[Floyd Brooks]

Quote from @Neil Doldo:
I own two properties in BR that are doing VERY well and have a new one coming on in two weeks.  The first two will gross $155k and $115k, respectively, and we anticipate the new one will outpace both.  We tend to lean towards properties that have higher occupancy and a ton of amenities.  All of our properties have a theater room, pool table, hot tub, arcade, etc.  Our new one has a pool as well and sleeps 18.  There is definitely some saturation in the market, but if you have something that stands out, you will do fine.  A run of the mill cabin in the woods will not cut it anymore.  Guests want amenities, modern rustic, views, water, etc.

My wife is a real estate agent in the area as well and she is definitely seeing the prices start to come down.  THe inventory is low, but there are some good deals to be had

 Congratulations.