Tag Archives: NC Real Estate

Highlands NC Real Estate Market Update

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It was an interesting month on the Highlands real estate market, according to the most recent data on real estate website Trulia.

Evidently, both home sales prices and the number of home sales decreased, while the average listing price actually increased.

Continue reading to learn more about real estate activity in the last month on the Highlands real estate market, and how it may affect interested home buyers.

Invest in a Highlands Home for Sale

Here’s an overview of the current state of the Highlands real estate market, based on the most recent market data:

  • Currently there are 792 resale and new homes, including 2 in the pre-foreclosure, auction or bank-owned stages.
  • Between August and October, the median sales price for a Highlands home was $325,000.
  • Compared to the same period last year, the median home sales price decreased by 22.1 percent, or about $92,257.
  • Meanwhile, the number of home sales decreased 96 percent.
  • During the week ending on Nov. 16, the average listing price for a Highlands home for sale was $842,830, which is a 0.8 percent increase when compared to last week.
  • During that same week, the average listing price for a 1-bedroom Highlands home was $347,000.
  • The average listing price for a 2-bedroom home was $457,000
  • And the average listing price for 3- and 4- bedroom Highlands homes was $617,000 and $1,143,000.

Your N.C. Mountain REALTORS

The recent market data suggests that the housing market in the N.C. Mountains is still very much a buyer’s market.

After all, both home sales prices and the number of home sales has fallen, meaning that home sellers will likely to be willing to bargain with home buyers in order to sell their home.

If you’d like to learn more about how to use the current state of the market to your advantage as a home buyer, then contact me, Dorothy Swearingen, today.

As your Highlands area REALTOR, I’ll be happy to provide you with expert advice as well as such helpful tools as:

Until next time,

Dorothy

Highlands NC Real Estate Market Update for October

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Happy Halloween everyone from your friend on the Highlands NC real estate market!

Whether you’re helping the kids carve the pumpkins or simply enjoying a quiet night in while you hand out candy to trick-or-treaters, I hope you find yourself surrounded by family and friends tonight!

Today I’d like to continue my watchdog series on the various Western North Carolina real estate markets by telling you about the latest status of the Highlands real estate market.

This information – which includes average list prices, sold prices, and more – will prove invaluable as you navigate the Highlands NC real estate market.

Continue reading to learn more!

Highlands NC Properties for Sale

Here’s an overview of the Highlands NC real estate market, based on the most recent data from the real estate website Trulia.

  • There are currently 840 resale and new homes on the Highlands NC real estate market, including 2 homes in the pre-foreclosure, auction or bank-owned stages.
  • Between July and September, the median sales price for a Highlands NC home for sale was $425,000.
  • Compared with the same period last year, the median sales price for a Highaldns, NC home for sale has increased by 9 percent, or about $35,000.
  • During the week ending on Sept. 28, the average listing price for a Highlands NC home for sale was $812,360.
  • When compared to the prior week, the average listing price for a Highlands NC home for sale has increased by 1.3 percent, or about $10,500.

Highlands NC Real Estate Experts

I hope you find the above Highlands NC real estate market information helpful as you navigate the Highlands, NC real estate market.

If you’d like to talk with an expert Highlands NC REALTOR about what the recent data means and how it affects you as a Highlands home buyer, then contact me, Dorothy Swearingen, today.

As your Highlands real estate expert, I’ll be happy to answer any questions you might have as well as provide you with such helpful Highlands home buying tools as:

Until next time,

Dorothy

 

Property Values Addressed on HIghlands, NC Area Real Estate Market

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I recently read an interesting article in the Smoky Mountain News about property valuations in Western North Carolina.

Evidently, Macon County officials may decide to postpone their property valuations from 2013 to 2015.

Macon County  includes the communities of Flats, Franklin, Highlands, Smithbridge, and Sugarfork.

Continue reading to learn more about why officials are considering delaying the revaluation – and how it may affect Highlands area home sellers.

Highlands, NC Homes for Sale

According to the recent article, the proposed delay in revaluations is in response to the sluggish housing economy.

According to Macon County’s tax assessor, not enough properties have been sold to new owners to create meaningful property value levels.

What’s more, inaccurate property revaluations may result in a lot of property value appeals from residents, which could be costly to the county.

It’s the county’s hope that if they wait to complete the county-wide revaluation, more Macon County properties will change hands between buyers and sellers, creating for a more accurate reading property values county-wide.

Macon County’s proposed response to the sluggish economy is a stark contrast to Jackson County’s.

Jackson County includes the communities of Cashiers, Scotts Creek and Webster.

Jackson County is still planning to move forward with its property revaluations in 2013, even though the county has a similar housing market as Macon County.

The last time Jackson County and Macon County did their property revaluations was in 2008 and 2007 respectively.

According to state law, every county must complete a property revaluation at least every 8 years.

Your Highlands, NC Area Real Estate Experts

In Macon County, commissioners are expecting that property values on more expensive homes and undeveloped land will decrease while property values on the homes in the $150,000 range will increase.

The proposed delay on property revaluations may actually be good news for those Highlands area home sellers who own high-end homes.

After all, property valuations is a good point of reference for many Highlands area home buyers trying to decide how much they’re willing to pay for a home.

Thus, if property values on higher-end homes are expected to decrease after the next property valuation, it behooves Highlands area home sellers to sell their home before that revaluation happens.

Thus, if you’re a Highlands area home seller, contact me, Dorothy Swearingen, today.

As your Highlands area real estate expert, I’ll work hard to sell your home in as little time as possible for the best price possible.

I’ll also provide you with a number of helpful Highlands area home selling tools to help you navigate the market.  These include:

Until next time,

Dorothy