Experience. Expertise. Excellent Service.
REALTOR, e-PRO, RRS
Why Choose Me
Choose your language:
Looking to Buy?
Home Buyer Checklist
Buying Your First Home
Loan Application Checklist
Looking to Sell?
Getting the Highest Price
Role of the MLS
The Listing Contract
Curb Appeal List
Borrowers, Don't Do This!
Why Get An Inspection?
All About Foreclosures
Free Home Valuation
My New Blog
Busiest January Sales Month EVER?
February 13th, 2015 10:58 AM
January may have had record-breaking weather, but it also had record breaking sales in some real estate markets.
I was totally slammed in January with showing property and writing offers and getting properties under contract. I put five under contract in January while writing a total of 10 offers, which is not bad for these small North Carolina mountain towns around Boone, Blowing Rock, Banner Elk and Newland which typically have seasonal sales. This is the busiest, most productive January I have had in more than 30 years of my real estate profession.
But, this surge in real estate purchases was not limited to our northwest North Carolina mountains. A broker in Charleston, SC told me this week her company had their best January sales month EVER--her company covers an expansive area around Charleston and Summerville, SC.
She and I had the same kinds of buyers, which was all kinds - primary home buyers, move-ups due to growing family, first time home buyers, job related relocations in or out of the area and second home buyers.
Some local attorneys are so booked with real estate closings you cannot even schedule a Friday closing - there are no slots left.
Buyers believe the all time low interest rates are in their last days and they know inventory is limited for affordable housing, so they are intent on making a home purchase if there is a house anywhere close to their needs. Some buyers are loosening their parameters to get a better home, even if it means changing school districts, having a longer commute, making a larger down payment or working longer. Other buyers are accepting less than they wanted in order to get a home with a smaller price tag(and most likely in need of repairs) and less commute. And, some buyers are already priced out of the market, so they will continue to pay rent with relocation being a likely next step in order to get a better job and settle down in a more affordable area.
In the North Carolina mountains price pressure pushes home pricing upward for small homes near college towns like Boone or Banner Elk and near resort towns like Blowing Rock and Linville and near ski resorts like Sugar Mountain or Beech Mountain.
Rental properties continue to grow in numbers and still have high demand. Investors are making money off small homes in fair to average condition in college town areas which are walk-to-campus/take public bus. Homes with walk-to-the-ski-slope location are booked with vacation renters paying a LOT of money to stay in small and/or dated homes that are slopeside convenient.
Inventory continues to be the conundrum in the Boone and Blowing Rock area - there is a LOT of inventory, but not a LOT of reasonably-priced, affordable inventory. A buyer can either spend constant time on the internet trolling for new listings or procure a buyer agent who can keep eyes open for new listings OR soon-to-be-listeds and put that buyer on the immediate email notification list out of MLS. A good buyer agent actually can have the inside if they are constantly monitoring new listings in MLS.
Second homes and luxury housing have a large inventory with long days on market. The typical second home buyer is still tentative about the economy, their retirement, their job. Unless there is a huge deal on a vacation home most second home buyers are not taking on more debt while they continue to recover from the devastation of the recession.
Contact me if you have questions about buyer agency and immediate email notification of new listings.
Real Estate Sales in North Carolina Mountains
Posted by Robbie Sharrett on February 13th, 2015 10:58 AM
Post a Comment
Subscribe to this blog
Leave a Comment
Characters from the image above:
Subscribe To My Blog
Characters from the image above:
I Earned 2 Top Seller Agent Awards
Just Listed! 225 Ridge Drive Linville, NC 28646
Just Listed! 3710 Howard's Creek Road Boone, NC 28607
Just Listed! 1354 Buena Vista Drive West Jefferson, NC 28694
Just Listed! 187 Moonfish Lane Boone, NC 28607
Just Listed! 126 Staghorn Hollow Road Beech Mountain, NC 28604
Busiest January Sales Month EVER?
Just Listed! 7456 Falcon Ridge Rd Lenoir, NC 28645
REDUCED $40K! 111 Ski View Lane Beech Mountain, NC 28604
More Land Offered WITH 1220 Aho Road Blowing Rock, NC 28605
Just Listed! Kirby Mountain Road Lenoir, NC 28645
Just Listed! ,
Just Listed! Briar Rose Trail Boone, NC 28607
Just Listed! TBD Coffey Knob Road Boone, NC 28607
Just Listed! Sunset Drive Blowing Rock, NC 28605
Just Listed! 1429 Rocky Mountain Road Boone, NC 28607
Just Listed! 1260 Fork Ridge Road Zionville, NC 28698
Duplex for Sale Between Blowing Rock and Boone
Just Listed! 525 Linhigh Drive Newland, NC 28657
Just Listed! 1572 Bamboo Road Boone, NC 28607
Just Listed! 167 Elliott Circle Blowing Rock, NC 28605
Just Listed! 374 Monarch Lane Boone, NC 28607
Mortgages Now At Lowest Rate for 2014 - Are Homes Appreciating in Value?
Need Help with Down Payment in North Carolina?
Why Should I Pay for a New Survey - The House is in a Platted Subdivision
Should You Pay a Rush Fee for a Quicker Appraisal?
Total Listed Homes Increasing BUT Number of Affordable Homes Decreasing in Boone and Blowing Rock NC Region
Quick Analysis Of Real Estate Sales in North Carolina High Country MLS Since 2008
Getting a New Foreclosure Listing in Boone - Duplex
Manufactured Homes and a Veterans Administration Loan
Just Listed! 24C PineTop Banner Elk, NC 28604
Have Foreclosures Really Decreased in Our Area?
Just Listed! 165 Briar Rose Trail Boone, NC 28607
Just Listed! 861 Slabtown Road Zionville, NC 28698
Foreclosed! Cheap Retreat by Mountain Stream - Easy Access in Ashe County
Foreclosures at Recession's LOW MARK for the NC Mountains
Coming Soon! Log Home Near the Parkway at Glendale Springs!
Coming Soon! Secluded Mountain Retreat in Ashe County!
Just Listed! 2747 Brigadoon Lane Lenoir, NC 28645
Coming Soon! Foreclosed Condo near Sugar Mountain!
New Listing Coming Soon - Foreclosed Log Home in Ashe County
Analysis of Blowing Rock NC Real Estate Market During First Part of Recession
Just Listed! 232 Flannery Fork Farms Road Blowing Rock, NC 28605
Just Listed! 272 Locust Point Drive Blowing Rock, NC 28605
Just Listed! 222 Deer Creek Road W Jefferson, NC 28694
Just Listed! 1628 Poplar Street Lenoir, NC 28645
Just Listed! Lot 4, 7 and 8 Heavenly Mountain Drive Boone, NC 28607
Just Listed! Lot 1 High Meadows Court Fleetwood, NC 28626
Just Listed! 1775 Main Street Blowing Rock, NC 28605
Just Listed! 687 White Laurel Lane Boone, NC 28607
Just Listed! 145 Brave Hawk Blowing Rock, NC 28605
Just Listed! 841 Niley Cook Rd Blowing Rock, NC 28605
Real Estate Trends in Watauga County
Just Listed! 389 Rock Cliff Road Boone, NC 28607
Just Listed! 108 Angelia Court Boone, NC 28607
Just Listed! 612 White Laurel Lane Boone, NC 28607
Just Listed! Red Wolf Blowing Rock, NC 28605
Just Listed! 126 Wild Daisy Lane Beech Mountain, NC 28604
Just Listed! 116 Moonlight Ridge Road Boone, NC 28607
Just Listed! 7521 US Hwy 221 South Blowing Rock, NC 28605
Just Listed! 1946 Laurel Branch Road Vilas, NC 28692
Just Listed! 249 Heather Street Boone, NC 28607
Just Listed! 147 Morning Star Blowing Rock, NC 28605
Just Listed! Morning Star Blowing Rock, NC 28605
Just Listed! 286 Sunrise Cove Blowing Rock, NC 28605
Just Listed! Chestnut Knob Trail Blowing Rock, NC 28605
Just Listed! Alpine Drive Blowing Rock, NC 28605
Just Listed! 9 and 11 Laurel Street Granite Falls, NC
Just Listed! Loveland Lane Valdese, NC
Just Listed! 254 Eastbrook Drive Boone, NC 28607
October 2014 (3)
September 2014 (1)
August 2014 (4)
July 2014 (2)
June 2014 (4)
May 2014 (9)
April 2014 (3)
June 2013 (1)
March 2013 (3)
September 2012 (2)
August 2012 (1)
July 2011 (1)
June 2011 (1)
May 2011 (1)
April 2011 (1)
September 2009 (2)
August 2009 (2)
February 2009 (1)
December 2008 (1)
November 2008 (1)
October 2008 (1)
August 2008 (2)
January 2008 (1)
November 2007 (2)
August 2007 (1)
July 2007 (3)
June 2007 (7)
Listing Agent, Se;;ers Agent, HomeLight (1)
Real Estate Sales in North Carolina Mountains (1)
My Favorite Blogs:
Sites That Link to This Blog:
Portions Copyright © 2020 Pipeline ROI, LLC
Another website by
All rate, payment, and area information are estimates and approximations only.