Kelly Jan. 2009

 

One of my New Year resolutions was to start posting a blog every week to give stats on the market with a dash of what makes our area so unique which is the laid back life style.  Last week I reported the end of year figures for 2008 so this week I would like to catch you up on what the market looks like as of Monday January 19, 2009.  First there has been 5 residential closing to date for 2009.  We currently have 27 homes pending in which 5 of those are over $1,000,000, 6 are listed between the $600,000 - $995,000 and the other 16 are $599,000 and under.  There are currently 10 vacant land parcels pending ranging in price from $17,500 up to $475,000 with no sales to date.  There are 3 commercial pending and no closings.  There is currently 6 Condo/Townhomes pending with no closing to date.  We just put one of our residential listings under contract last week and have two verbal offers going back and forth between our clients on two other homes.  We expect one of our lots to close this week.  Real Estate is still moving in the mountains.  Watch the interest rates this week as they usually trend down after Inaugurations.  There are some great programs available for people who want to buy land and then build within a year.  You can lock in the rate for residentialnow and still have the option to float down if rates go down before the home is completed.  You only have to close once.  I know of one beautiful view lot that is in a prestigious gated community that is priced well below value (bank owned) that would make the perfect investment to build your dream home on.  So call Alan today for information 828-507-1522.

Now for our snow report……We are on the 7th snow of the season!  I’m excited because when you grow up in Indiana and then live in Florida for years, you miss the seasons that the north offers.  The mountains of North Carolina are the perfect balance.  The snow usually last for about a day or two which is just enough time to slow things down to a crawl so you can enjoy the beauty that surrounds you.  As you can see from the picture, Kelly (our dog) loves it too! 

Tina Cone