July 2016 Market Report

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3400 East Fork Road – Home, guest apartment, and 21 acres. Click here for details.

 

We saw a significant jump in residential home sales in Transylvania County during the month of July.  A total of 63 single family homes/condos sold this month compared to 55 this same time last year.

The “sweet spot” of our market continues to be the $150,000-$250,000 price range. Last month, 24 of the total sales were found in that range, followed by 13 sales under $150,000 and 12 over $250,000.  The market continues to be on track for record breaking numbers. So far, we are already roughly 10% ahead of the sales in the prior year.

Land sales were up by only one sale, but year-to-date, sales are still lagging behind last year.

For more information about the real estate market in our area, give us a call at 828-551-6290 or 828-551-6291.

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April Real Estate News

The news this month is all about the Brevard/Pisgah Forest market and the current “buying” season. One of the indicators that we consider when we talk about how the market is doing is how long it takes for homes to sell. You’ll see that number indicated in listings as CDOM (cumulative days on market). The contrast between this year and last year is startling.  In the Brevard/Pisgah Forest area last April, the average days on market was 386.  April this year, that number dropped dramatically to 170.  We are seeing the most activity in that ever-popular price range $150,000 to $250,000 price range. It’s back to being a seller’s market in that price point with multiple offers and very few days on market.  There were 36 residential properties sold in Transylvania County last month and 25 of them were under $250,000.

In April 2015 homes were selling for 95.2% of the list price. This year, that number is down slightly to 93.5%.

Land sales held stable from the previous month but are still lagging behind over last year.

If you are considering buying or selling a home in the Brevard, North Carolina area, give us a call at 828-551-6291 or 828-551-6290.

The Mountain Waterfall

IMG_1263_peIt’s a perfect spring day in the mountains. The path beneath your feet winds through the native laurels, past ancient rock outcroppings, and century old hardwoods. There is no sound except the birds, the breeze that rustles the leaves, and the rushing waterfall that lies just ahead. It’s not hard to imagine what this place must have been like 100 years ago because here….time stood still.
 
You take with you a picnic lunch to share. A favorite book. A sketch pad. A four legged friend who wastes no time splashing in the cool mountain water. And at day’s end, you follow that path back to your mountain home where you rest well…knowing there is no place you’d rather be.

You aren’t dreaming….this property exists here in Brevard, North Carolina.  The home and guest cottage are situated on 21 acres of mountain privacy with hiking trails and waterfalls that are only 15 minutes to town…or to some of the best fly fishing rivers in the southeast.

This is the kind of place where you heart beats a little slower and long range views call for you to sit awhile…to enjoy the sights and sounds of this beautiful mountain setting.
To learn more, visit us at MountainWaterfall.com or call us at 828-551-6291 to schedule your personal tour.
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February Market Update

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The year is off to a stable start with residential sales.  February sales were only one more than last year, but land sales actually exceeded this time last year.  In February, 10 homes sold in the under $150,000 range,  7 were sold in the $150,000-$250,000 range, and 9 sold in $250,000-$350,000.  The average days on market is still hovering around 255 days and properties are still selling for roughly 97.5% of the list price.

For a free monthly e-newsletter with more details about the market here in western North Carolina, drop us an email at carol@clayteamrealestate.com.

 

 

December 2105 Market Update

Welcome to the new year! What are your plans for the next 12 months? If they include buying or selling a home or a parcel of land, we would welcome the opportunity to help. We are actively seeking new sellers to meet the ever-growing buyer demand so if you, or someone you know, has a home they’d like to sell, please pass our name along or let us know and we’ll follow up.

The year 2015 ended on a high note for us, for our firm, and for the market. The market did well in 2015 with residential sales up 15% over 2014.  Land sales are still slow, but that means there are a lot of good deals out there. In fact, if you are thinking about investing in some land, this is the time of year to do it…when the leaves are down and you can see the surrounding area better.

Looking Glass Realty finished the year in the number 2 position for total sales in our Brevard market. Only one other firm sold more than than we did, but our small, seasoned group of brokers had more sales per agent than any of the other firm.  As brokers, the Clay Team took the 6th position out of 109 agents in the Brevard area.
We are excited about 2016 and look forward to helping more sellers get their homes sold….and to helping more buyers find their new home in the mountains.

March Market Update

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Along with blooming daffodils and tulips, spring signals the start of the real estate season here in western North Carolina. Memorial Day is when the starting gun fires, but in the month or so leading up to that is when we start seeing the activity starting to shift. Based on what I’m reading and the drum beat I hear among my fellow Realtors, 2015 is going to be a good year.  Prices have stablilized, inventory is good, and mortgage rates are predicted to stay low.

This part of western North Carolina has seen a steady uptick for the last several years and it is still pretty much a buyer’s market. We have also seen more and more multiple offers on homes that are priced right and are good values which tells us that there is more competition among buyers.

So how did last month shape up? For home sales, March was a great month.  Sales were almost double what they were in March of 2014.  The bulk of sales occurred at $350,000 and under which is a trend that has not really changed in the last 3-5 years.  Here are some more fun facts for you.  In 2014 the average residential selling price was $229,240 at an average of 94.2% of the asking price.  This year, the average selling price was $227,494  and 95.7% of the asking price.  What this all means for buyers is that you may expect to be paying a little bit more as our recovery continues and you’ll likely pay closer to the asking price.  It’s always difficult to explain to some buyers that the Transylvania County market isn’t languishing and this is no longer 2008 but we let the numbers speak for themselves.

While this sounds like a lot of good news for sellers, it’s important to remember that there is still ample inventory and that the competition is still strong.   It’s just as important as ever that a home be priced for today’s market and that it be in the best repair for the price.

Land sales are still lagging behind.  March was no different.  There were only five sales last month and with the exception of one property, all sold for under $75,000.  For buyers who are looking for good deals…you are in luck!

If you would like the complete Transylvania County Market Update, sign up for our FREE monthly e-newsletter here….or contact me at Carol@ClayTeamRealEstate.com.

It’s All About The View

When we first started talking about moving to North Carolina, I would have been happy with a little house tucked deep into the woods. But once we got here and I became more embedded into the area, I gained a better understanding of why homes with a view are so prized.

There is a lot to be said for a cabin in the woods and I’m not knocking it at all but there is just something about looking out the windows and seeing the mountains, the valleys, or the string of mountain tops strung together in a long range view. Sometimes, if you’re lucky, you can find the trifecta and enjoy all three. Even with close in views, it’s mesmerizing watching the clouds rise up, seeing weather systems as they roll in, and it’s especially great to be able to watch the seasons unfold before your eyes.

That’s why I wanted to share two homes with you today. Both of these homes have spectacular views.

The first home is at 100 Sunflower Lane in Pisgah Forest Estates. It’s all one level living, has two workshops, and is perched on a point that gives you a wide view all the way to parts of South Asheville. And…it happens to include the jacuzzi!

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The second property is 1037 Glen Cannon Drive, also in Pisgah Forest. This is an estate size home with over 4,200 square feet of living space.  It has been recently updated with hard wood floors, a new master suite, and it has countless features that make it an energy efficient home to live in year round.

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Year Round Long Range Views

 

 

 

 

 

 

These homes are located just minutes from the beautiful mountain town of Brevard, North Carolina.   If you’d like more information call me at 828-551-6290 or drop me an email at carol@clayteamrealestate.com