Where Is The Western North Carolina Real Estate Market Headed?

The easy answer is that no one knows. But what fun is an answer like that?  

I believe that the market is going to continue its climb. I believe this so strongly, that I've bet my future on it.  

When we first moved to this area, we were attracted like everyone else by the natural beauty of the area and the bargain prices of property. Coming here from the D.C. area, it was like a breath of fresh air to find superior housing options that didn't require 6 digit mortgage payments.  

Eight years later, in 2006, there were enough other folks discovering our hidden treasures, that we had to wonder if the area would be able to handle the massive influx of buyers. After helping 275 buyers and sellers last year, the answer appears to be that we can handle them.  

The question this year, however, is when is this year's crop going to arrive?The level of activity for the first third of 2007 is closer to what we experienced in 2005. That's not what we expected.  

2005 was a good year, but since 2006 was superior, you have to wonder what factors have impacted our traffic.  

I think that the combination of high gas prices, record gains in the stock market, and a general sluggishness of "normal" real estate markets deserves the major blame for a lower level of interest in our "resort/second home" real estate market.  

The question that gets raised next is: "Is this a good time to buy?" I'd say it is, because a slower market provides added negotiating strength to the buyer.  

When sellers ask if it can also be a good time to sell, I also agree, especially if it's been two or more years since they bought, because they purchased at a bargain price and they have a lot more wiggle room to negotiate with buyers than those that bought a few months ago at that season's fair market value.  

Having said that, the next question becomes "How is it possible for both the buyer and seller to have an advantage during negotiations?" The answer to that is that either or both parties gain by having an experienced negotiator to provide advice and counsel during the process. Since The Lake Guys have successfully negotiated over 700 contracts, I think that our experience qualifies us as one of the most experienced firms in the area, and we provide you with the benefit of that experience.  

Only a firm that takes the time to listen to your goals and who understands the market can help save you time, money and hassles as you work your way towards purchasing a home, whether it's a homesite or an existing home that will be your vacation getaway, a family retreat or an investment.  

That's what we offer for our customers in western North Carolina. Are you ready to begin your search? Give us a call or email us and we'll give you the benefit of our experience.