Vacant Land Sales 2005-2008

Residential Sales 2005- 2008                                        Vacant Land Sales 2005-2008

Looking at the charts, in 2008 there were 252 residential sales compared to 417 in 2007.  The average sales price for residential in 2008 was $627,919 while in 2007 it was $702,012.  So what does this tell us?  First it indicates that the buyers are opting to purchase in a lower price range and secondly the buyers are getting deals on homes that would have been priced much higher in the past.  Buyers are also getting more house for the buck.  Don’t let the average price scare you, there are brand new homes in Sapphire Valley (just 5 minutes to Cashiers) that can be bought starting at $299,000.  If you are not familiar with Sapphire Valley, you are missing it.  It is my favorite place to sell real estate.  The amenities it offers, the wooded subdivisions (and I mean wooded) with the mild restrictions help to keep the area looking pristine.  With interest rates in the mid 4’s and prices at an all time low, it is a great time to be buying your second home in the mountains.  While not every lender can offer the primary mortgage rate for a secondary home,we have one that can.  So call Alan today at 828-507-1522 and he can get you started on owning your own piece of heaven!

Now for land sales.  There were 132 units sold in 2008 compared to 341 in 2007.  Can you say OUCH!  The good news is if you are not ready to build your home yet but want to get in on today’s prices (ah you are very wise), you have the best selection of beautiful mountain property to choose from.  Like to be in the valley because the roads intimidate you?  No problem.  There are plenty of lots averaging about a 1/2 acre to choose from and a good building lot at about 3200 elevation can be bought for just under $30,000.  Perhaps you are all about views and privacy, then we have a perfect parcel for you at a cool elevation of 4200 with exceptional views over the valley for $249,000.   

Just an FYI, we do have town-homes and commercial property as well which are preforming about the same. 

Investors know that it is a great time to buy, so I’ll leave you with a quote from Warren Buffet “You want to be greedy when others are fearful.  You want to be fearful when others are greedy.”  So what are you waiting for????  Call Alan today 828-507-1522. 

A big thanks to Earl Walker a fellow KW Agent for the market charts.

Hope to hear from you soon!

 Tina Cone - Owner/Broker

Keller Williams Realty - Sapphire Valley, NC

Serving Highlands, Cashiers, Toxaway & Sapphire Valley