Week Ending 9/7/13 Real Estate Market Analysis for North Jackson and Swain Counties NC
by Allen Lomax
Market Shifting to Better Balance between Buyer/Seller
North Jackson and Swain real estate markets shifted slightly towards a more balanced market. The major indicator of the shift is the dramatic drop in days on market for sold properties from a summer average in the upper 100s to 81 this past week. Residential property sells remain at their highest levels since 2008. Proportionately, homes sold to listings increased slightly this past week, which is another indicator of a shifting market. There still remains, though, an adequate supply of homes for sale, giving buyers choice and negotiation power.
Sellers Entering the Market
The last week continues to show sellers entering the market hoping to take advantage of the national hype regarding an up-surge in home sales that seems to to be slowly arriving in the Jackson and Swain County area of North Carolina. In the last week 14 homes were brought onto the market. New listing prices range from $99,900 to $449,000. With this range there remains purchasing opportunities to meet the needs of a broad range of financial situations. There were 6 residential homes sold this past week.
TABLE: North Jackson & Swain NC Real Estate Market Analysis Week of 9/1 - 9/7
With 2.3 times the number of new listings to sold properties, down from 4.5 for most of the summer, the decline in this number is one more indication of a market that is shifting towards a better balance. Home sold prices range from $32,480 to $187,000.
With markets shifting towards a better balance between buyer and seller, this is a good time for sellers to enter the market. In Jackson and Swain Counties sells have historically remained high through the leaf season -- making late summer to early fall an excellent time to bring a property onto the market.
Existing home sells are still dominating the market, largely due to the fact that new construction is still not rebounding in our region.
You can view current North Jackson and Swain County listings here for further market analysis.
These over all figures are beneficial for determining general market trends. Every home, though, is unique and pricing your home to sell requires a specialized analysis of your property. The key to selling a home in any market is accurate pricing.
Contact us for a FREE no obligation market analysis of your property.
For more information on the North Jackson and Swain Counties Real Estate Market or to sell a home in Sylva, Cullowhee, Dillsboro, Webster, Tuckasegee, Whittier, or Balsam contact us.
All market analysis information is obtained from the North Jackson County Multiple Listing Service and sold by various MLS participants. The analysis does not include private sales, which typically constitute approximately 3 to 5 percent of the market. It is deemed accurate but not guaranteed or warranted.