2011 is now just a vision in our rear view mirror but before we get too far down the road and into a new year, we wanted to give you a brief look back at the local real estate market here in the Brevard, NC area and the various ups and downs that happened during this past year. There is so much on the news about real estate (and don’t we all wish for a speedy and full recovery!) but real estate is a regional, even local issue so here is what has happened here in our back yard.
So which way did the market go? The good news is the number of residential sales in our area was up for the second year in a row. There were 308 single family homes sold in the Brevard area during 2011, up by 20 over 2010 and up by 66 over 2009. The average list price was $281,000 which is about a 4.5% decrease compared to 2010 and the average selling price was $247,000 or roughly a 7% drop. The bulk of sales for the last two years has consistently been in the $100K-$300K price range. We are still a long way off from the “rock and roll” days of 2006, and we may never get back to those days, but at least these are encouraging signs and hopefully indicative of good things to come.
When the housing industry began it’s decline, it took over a year for us to feel the real effect here. And when it did reach us, the adjustments needed have not been as great as they have been in other parts of our country, primarily because our market was not grossly overpriced and “bloated” like other markets.
The one area that has not shown signs of snapping back quickly is in land sales. That segment of the market is dramatically different than it was back in 2006. As such, it’s a difficult time for sellers, but a very good opportunity for buyers who are interested in buying land, even if it’s to hold onto for the future.
For a closer look at all the numbers, visit us at BrevardNCProperty.com, or give us a call at 828-551-6291.
Sometimes, you just want to get away. Right? Maybe it’s for a change of scenery or maybe it’s to escape the summer heat in a relaxed setting where you can play some golf. If this sounds like you, this is an opportunity you don’t want to miss. This light, bright, and furnished 2 bedroom 2 bath condo is in Burlingame at Sapphire Lakes, an upscale but comfortable country club community that’s located in the mountains of western North Carolina between Brevard and Cashiers.
The main floor of the condo includes a huge master suite, spacious kitchen, open living room with a cozy fireplace, and a large screened porch as well as an open deck where you can kick back and listen to the sounds of the Horsepasture River. Downstairs is another bedroom, full bath, and private deck for your visitors. Best of all, the only long drive you’ll be making is on the fairway! Just step out your front door and the country club and all the amenities are just a short walk away.
When you live in Burlingame, whether it’s year round or seasonally, there’s plenty to do! Between the world class golf, the tennis, working out in the state of the art fitness center, relaxing by pool, or participating in the varied social groups, you can stay as busy as you choose to be. At the end of the day, if cooking isn’t on your mind, you can enjoy the fine dining in the club house or just grab a burger at the grill. It’s a great lifestyle and a warm welcoming community where you’ll feel right at home.
For more information about this condo for sale, or other property for sale in the Cashiers or Brevard area, call the Clay Team at 828-551-6290 or 828-551-6291. Visit us online any time at BrevardNCProperty.com.
“Nature does not hurry, yet everything is accomplished.” – Lao Tzu
Lake Toxaway, NC
And so it is on beautiful Lake Toxaway in Cashiers, North Carolina. Now you can escape to this legendary location and relax your cares away in this lovely lake front home for sale. Long known as the perfect location for escaping the summer heat, Lake Toxaway is the kind of place you want to come to no matter what time of year it is. It just keeps calling you back.
This unique lake front home is one of only 5 and is the desired end unit with unobstructed views of Lake Toxaway. Your private boat dock is steps away from your back door and the lake side pool and tennis courts are only a short walk away. The POA dues take care of all the yard maintenance, and the unit is being sold furnished with only a few exceptions so all you have to do is pack your bags and head for the mountains.
For more information on this home, visit us online or call 828-551-6290 or 828-551-6291.
The mountains called…it’s time to come home.