It's spring time in the mountains around Brevard, North Carolina. That means the daffodils and tulips are blooming and the local farmers market will be opening soon. It's also the time when Brevard real estate starts its year. Memorial Day is when the official starting gun fires, but in the month or so leading up to that, you can sense a shift in the air. From everything I'm reading and based on the drum beat I hear among my fellow REALTORS, 2015 is going to be a good year.
So how are things looking so far? Transylvania County and the Brevard area continues to be very active. In fact in March, we nearly doubled in residential sales over the previous year. The lions' share of sales continues to be $350,000 and under, a trend that has been steady the last 3-5 years. Plus, while our average selling price of $227,940 was virtually unchanged from this time last year, the percentage of selling price to asking price rose to 95.7%. So for buyers looking for real estate in the Brevard, NC area, you can expect to pay closer to the asking price than in years past.
We're also seeing more and more multiple offers on properties that are priced right and in the best condition for the price point. This points to more competition among buyers for homes with the best values.
If you'd like more information about Brevard, NC real estate, or if you'd like a complete copy of our monthly market reports, visit us online at BrevardNCProperty.com.