5/24 -5/30 Real Estate Market Analysis Jackson & Swain Counties NC

By
Real Estate Broker/Owner with Steed Talker Realty is with two hours of Tryon International Equestrian Center and we offer the best properties in the area. 264057

Week of 5/24/14 through 5/30/14 Real Estate Market Analysis for North Jackson and Swain Counties NC

Buyer Treasure Trove

North Jackson and Swain real estate markets still remain a treasure trove of opportunities for buyers.  Residential property sells are at their highest levels since 2008 and homes are selling.  There still remains an adequate supply of homes for sale giving buyers choice and negotiation power.

Sellers Entering the Market

The last week shows sellers entering the market to take advantage of the up-surge in home sales. 

In the last week 29 homes were brought onto the market.  New listing prices range from $65,000 to $1,435,000.  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.

With 4.84 times the number of new listings to sold properties the number of new listings to sold continues to favor the buyer.  Home sale prices range from $129,000 to $315,000, which indicates that lower end homes continue to out sell the high-end market.

TABLE: North Jackson & Swain NC Real Estate Market Analysis Week of 5/16 – 5/22

real estate market analysis jackson & swain counties nc

This is a good time for sellers to enter the market.  In Jackson and Swain Counties sells have historically remained highest through the summer season, making early summer an excellent time to bring a property onto the market. 

Existing home sells are still dominating the market.  This is due largely to the fact that new construction is still not rebounding in our region as existing homes continue to sell below cost of construction.

You can view current North Jackson and Swain County listings here for further market analysis. 

There are currently 673 single family homes listed ranging in list price from a low of $35,500 to a high of $1,999,999 with average list price being $249,307.  The absorption rate dropped slightly from 30 months last week to 26 months, which means that at this week’s sells level it will take 26 months to clear the existing inventory if no new listings were to be brought onto the market. 

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.

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. It is deemed accurate but not guaranteed or warranted.

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
North Carolina Jackson County Cullowhee
Tags:
real estate market analysis
webster
sylva
dillsboro
cullowhee
jackson county nc

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
198,633
Randy Shamburger
Movement Mortgage - Greenville, SC
FHA, VA, USDA and Conventional Mortgage Expert

Great information, thanks for sharing.

Have a Big day,

Randy

Jun 10, 2014 02:07 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
68,243

Allen Lomax

WNC Mountain Homes & Horse Farms Specialists
Learn all about mountain horse property
*
*
*
*
Spam prevention

Additional Information