Jackson County North Carolina Real Estate Market Report

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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

After a 10 year buyer market with unbelievable values, Jackson County is entering a market that favors sellers. 

 

Year to date new listings declined 13% and pending sales increase 100%.  Closed sales increase 103% over this time last year.  Median sales price increase 44% and the average selling price increase 72%.  Even though days on market have increased it is still a good time for sellers to put their properties on the market.

Good Time To Buy

Buyers should not be discouraged because property values though increasing are still at bargain prices and well below the highs of 2008.  That means that at today's selling prices a buyer can reasonably expect appreciation if market trends continue.  Another motivation for buyers are interest rates that remain fair but are projected to increase throughout the year. 

 

Good Time For Selling

Though the market is tending towards a seller's market it is still a fairly balanced market making it a good time for selling and a good time for buying.

 

Summary Thoughts

Buyers are better off buying now as interest rates remain fair and for sellers, selling in up markets is always preferable to selling in down trending markets. 

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Rainmaker
1,048,061
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning 

Thank you for sharing your information with us 

Have a great day. 

Jun 20, 2018 07:04 AM #1
Rainmaker
3,106,450
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Thanks for the market report, Always liketo see what is happening in other areas of the country.  If you ever have someone moving to Denver, Colo. area, give me a call.

 

Jun 20, 2018 07:09 AM #2
Rainer
26,381
James Grant
Asheville, NC

Good Morning Allen, Thanks for sharing your market report. Have A Nice Day! 

Jun 20, 2018 07:43 AM #3
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Rainer
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Allen Lomax

WNC Mountain Homes & Horse Farms Specialists
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