NC Real Estate Market Improving

Western North Carolina Real Estate Showing Strong Signs of Improvement
Most Recent Market Conditions Statistics are Very Promising

The stunning, mountainous regions of Western North Carolina are home to some of the country’s most sought after real estate. Of course, this area has recently experienced several of the same stifled growth factors commonly seen now throughout the United States. However, the most recent statistics are showing very promising signs of economic recovery. In fact, Western North Carolina real estate market conditions are improving significantly faster than those in the much of the rest of the US.

Known as the “Back Porch of Western North Carolina”, Cherokee, Clay, Macon and Union Counties present residents with laid-back living styles – and breathtaking natural scenery. The overall ambiance created is simply unforgettable. A remarkable combination of prime locations and exceptional pricing is bringing prospective land and home buyers, especially retirees and vacation property purchasers, to Cherokee County, and surrounding counties at rates that far surpass the national averages.

The Western North Carolina real estate markets are experiencing a powerful rush of activity that much of the rest of the country envies. According to Overlook Brasstown/Overlook Martin’s Creek Developer, Blake Twedt – and the Northeast Georgia Board of Realtors MLS:

 The average list price for residential homes in Cherokee County has increased since last year from $185,656 to $189,418.
 The average selling price for residential homes in Cherokee County has also increased from $169,186 to $169,612.
 The highest priced residential home sold in Cherokee County in 2009 sold for $945,000. That is a $120,000 increase from the highest priced residential home sold in 2008.
 In Hayesville (28904), for the week ending October 28, the average residential home listing price rose more than 3.8% up to $399,347.
 In Murphy, the average price for all property sold has increased from $237,589 up to $246,386 – just since October 7 of this year. That’s a 1.3% increase in just three weeks.
 For the week ending October 28, in the 28902 zip code area of Brasstown, NC, the average listing price amongst all properties sold rose more than 19.4% to rest at $472,988.

Besides the serenity of untouched mountain settings, clean air to breathe and a very pleasing quality of life, Western North Carolina real estate is experiencing huge gains in sales because of the virtually nonexistent crime rate. In fact, according to Trulia Real Estate Search, just 0.48% of area residents are likely to be affected by violent crime – less than 1/3 of the national average as reported by the US Department of Justice. Additionally, beautifully handcrafted communities like Overlook Brasstown and Overlook Martins Creek Offer esteemed investors a unique Price Guarantee that locks in the sustainable value of their investments. Real estate investing just doesn’t get any safer.

The quiet tranquility and unmatched beauty of Western North Carolina real estate is causing market conditions to improve dramatically and rapidly. While many of the rest of United States real estate markets continue to spiral downwards into economic downturn, home foreclosure and bankruptcy rates are at all time highs – and real estate investors continue to be rightfully skeptical – the Western North Carolina real estate market is enjoying a definitive and lucrative upswing.