You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out recently.
Home prices rose rapidly during the ‘unicorn’ years. That gave homeowners a considerable equity boost. But those ‘unicorn’ years couldn’t last forever. The market had to moderate at some point, and that’s what we saw last fall and winter.
As home prices dropped slightly in the back half of 2022, equity was impacted. Based on the most recent report from CoreLogic, there was a 0.7% dip in homeowner equity over the last year. However, the headlines reporting on that change aren’t painting the whole picture. The reality is, while home price depreciation during the second half of last year caused equity to drop, the data shows homeowners still have near record amounts of equity. Read more on KeepingCurrentMatters.com.
If you are ready to make a move, know that your current house will sell still at a good price and your equity will help you to make the move to The Canoe Club, a lake community with fabulous amenities.
Available Home
Homesite 365 |160 Lapis Lake Point |$674,900 |4 Bedrooms, 3 full & 1 half Baths
Large Owner’s bedroom on main! $3000 towards Closing Cost. Large covered patio overlooking private backyard. 8 ft interior doors on first floor, Kit with Slate color cabinets, marble island, gas cook-top, wall oven and microwave, cabinet vent hood. Kitchen open to large family room with wood burning gas starter fireplace. Owner’s suite has large walk in closet, tile shower, double vanity Upstairs has a huge media room and 3 additional bedrooms. Sodded & Irrigation System included. Ask for details
Not ready to make the move? Why not build your new home at The Canoe Club. There are many advantages to choosing your floor plan. See floor plans here.
Summer is Almost Here!
With resort style living, the Canoe Club is a great place to live year-round. The community won a Silver award for the Best Amenity Package in the 2022 OBIE Awards this year! Love living on the lake where there is a lakeside wharf dock and canoe storage plus a 24-hour fitness center. You will love being able to get out on the water and enjoy your best outdoor lifestyle. You will enjoy coming home to over 600 picturesque acres and two spectacular freshwater lakes, Menawa and Senoya.
Other amenities include a 5,500 square foot Nantucket-inspired Lake Cottage Clubhouse overlooking the lake. Take a swim in the four-lane lap pool or enjoy the large gathering room, sunroom, catering kitchen, and coffee bar.
Quick Ride to Downtown Atlanta
The Canoe Club in Fayetteville is located approximately 22 minutes from downtown Atlanta, making it an easy trip to enjoy all that downtown Atlanta has to offer. If you travel frequently or work within the airport industry, Fayetteville is only 13 miles from Atlanta-Hartsfield International Airport. Close to Pinewood/ Trilith studios & Piedmont Hospital.
The Canoe Club is proud to be partnered with New Leaf Homes and Jeff Lindsey Communities.
From Atlanta: Take I-85 South to Exit 61, Peachtree City/Fairburn. Turn left on GA Highway 74 and travel approximately 2.5 miles. Turn left onto Sandy Creek Road and travel 6.5 miles to GA Highway 54. At GA Highway 54, turn right and go about 3/4 mile. Turn left on Huiet Drive and travel approximately 1/2 mile to the entrance of The Canoe Club. Follow the community signs to the Lake Cottage and Sales Center.
Sales Center Contact Information
Monday – Friday – By Appointment Only
Verkina Parrish – 770-846-8004
Kristen Cunningham – 770-843-1390
Sales handled by Berkshire Hathaway HomeService – Georgia Properties-New Homes Division. All information is believed to be accurate but is not warranted. Subject to errors, omissions, and change without notice.
