HIGH COUNTRY – Realtors® in the High Country certainly work hard for buyers and sellers in the area, but low home inventory levels compared to the high number of interested buyers is proving to be a juggling act tricky that Realtors® are currently grappling with.
INVENTORY: The High Country MLS registered 504 residential properties and 2,297 land listings as of September 1. October has started with a few more homes on the market, posting 517 listed as of October 7. although on most months there are around 500 properties available.
This past September, High Country realtors saw more homes in MLS, with 730 homes listed. High Country MLS President Shy Fecteau said that “while inventory levels may be lower than the same time last year, the good news for buyers is that there are a lot of new announcements. on the market every week. And the good news for sellers, or those who are considering putting their property up for sale, is that there are a multitude of buyers always looking for houses and land in the mountains ”.
The High County MLS recorded 301 residential properties sold in September. This is a decrease from the 440 homes sold recorded in September 2020. Residential sales totaled $ 136,817,000 in September, which represents a reduction from $ 175,013,080 last September. The median price of homes sold was recorded at $ 360,000, which is an increase from the median of $ 319,000 last September, according to the High Country Association of Realtors.
Alleghany County Realtors® has sold 24 homes for over $ 5.8 million. The median selling price for these properties was $ 172,900. The sold properties recorded in September 2021 are reduced from the 35 homes sold last September for more than $ 8 million. The median selling price also fell from the $ 195,000 recorded last September.
Ashe County Realtors® has sold 58 residential properties totaling over $ 18.6 million. The median selling price was $ 320,500. Recorded home sales declined from last September, which saw 62 homes sold. However, the total sales value, which was $ 17.7 million, and the median price, which was $ 272,000, both increased in September.
Avery County Realtors® has sold 78 homes for a total of over $ 40 million. The median selling price for these properties was $ 338,100. Last September, Avery County Realtors® recorded more than sales, 117 homes, which sold for a total of over $ 48 million, with a median sale price recorded at $ 305,608.
Watauga County Realtors® recorded 116 residential properties sold for over $ 63.6 million. The median selling price was $ 429,500, an increase from the median price of $ 376,250 recorded last September. In September 2020, 188 homes sold for just over $ 86 million, exceeding this year’s numbers.
Turning to the third quarter of MLS for 2021, sales records show that 879 homes were sold from July 1 to September 30. The median selling price is $ 355,000 and the total sales value exceeds $ 397 million. The third quarter of 2020 saw 305 more homes sold than this year, for a total of 1,134 residential properties. Total sales value was also higher in 2020, which recorded $ 440 million from residential properties sold. However, the median selling price was lower in 2020, reaching $ 305,000.
High Country Realtors® sold 132 real estate listings in September 2021, for a total of more than $ 17.7 million, an increase from the $ 13 million recorded last September.
Alleghany County Realtors® sold 9 real estate listings for $ 780,000. Ashe County Realtors® has sold 35 properties totaling over $ 2.9 million. Avery County Realtors® sold 21 real estate listings for a total of over $ 4.7 million. Watauga County Realtors® recorded 52 properties sold for over $ 7.6 million.
High Country Realtors® sold a total of 7 commercial properties, totaling over $ 3.8 million in September 2021. Alleghany County Realtors® sold one property for $ 200,000. Ashe County Realtors® sold a commercial property for a total amount of $ 235,000. Avery County Realtors® sold a property for a total amount of $ 729,000. Watauga County Realtors® has sold four commercial properties totaling $ 2.7 million.
Mortgage rates remain around 3%. Freddie Mac now predicts that mortgage rates, along with home prices, will rise through the end of the year, according to the High Country Association of Realtors. The mortgage company reports that 30-year fixed rate mortgages edged up to 2.99% as of October 7.