2010 Montreat Real Estate Year in Review
2010 was a bounceback year for the Montreat homes market. Nine homes were sold throughout the year, compared to only 3 in 2009. Such a number of homes sold had not been seen since 2007, before the downturn hit the area. Even in the very peak of 2006, the number of homes sold was 9.
One reason for the increase in sales in 2010 may be the variety of options available to buyers. After the stock market decline of 2008, many buyers remained on the sideline in 2009. But since the stock market began to increase and other economic indicators normalized a bit, buyers began to re-enter the market. And homes that had been on the market in 2009 were more ready to negotiate, as seen in the 2010 Sales/List Price ratio.
To see details and photos of all 9 sales in 2010, click here.
The Montreat land market may have also begun a turnaround. Of course, Montreat's land market is small, but 2010 saw as many sales as 2007 and 2008, and far more sales than in 2006.
Even with improved buyer confidence in 2010, there are still more homes and lots available at great prices. To see the currenty inventory, use the links below.
1-Click Property Searches on Greybeard Realty's Website