By the end of 2009, the Transylvania County, NC real estate market was down only slightly from 2008. Like most of the country, real estate has not rebounded from the bountiful days of 2005 or 2006, but there is good news that the "free falling" seems to have slowed.
The 2009 market showed a drop of only about 2% in the average seling price compared to 2008 and there were only 37 fewer residential properties sold. In this past year, there were 241 residential closings in Transylvania County. The average list price was $327,090 and the average selling price was $298,064 or roughly 91% of asking.
As has been the case all year, the lion's share of homes that were sold were in the $100K-$300K price range, but it's important to note that there were 44 properties sold that ranged from $400K to well over $1M.
This past year our regional MLS added a feature that enables us to also search foreclosure data and in Transylvania County, there only 20 foreclosures in 2009.
Homes and Condos sold in the Brevard NC area during 2009:
Less than $100K - 21
$100K - $200K - 71
$200K - $300K - 68
$300K - $400K - 37
$400K - $500K - 13
$500K - $1M - 24
$1M+ - 7
For more information about homes for sale in the Brevard, NC area, visit the Clay Team online or call 828-551-6290 or 828-551-6291.
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