The western North Carolina real estate market has begun to show signs of growth, as outlined in Greybeard's mid-July blog. And the latest figures for the national real estate market indicate that nationally, positive real estate signs are increasing.
In numbers released this month by the National Association of Realtors, existing home sales increased in July while the median price increased for the fifth consecutive month. Industry experts report that one-third of homes that sold last month were on the market for less than a month. They go on to note that proper pricing, with the assistance of a Realtor, can result in better marketing results.
Traditionally, the report states, first-time buyers make up approximately 40% of home purchasers in a stable real estate market. In July, first-time buyers accounted for 34% which is an increase over the 32% for the same month last year. The market experts attribute that figure to a lack of listings in the lower price ranges.
At Greybeard Realty, buyers can use the custom search option which enables them to select a particular town within western North Carolina such as Weaverville, Marion and Fairview. In addition, buyers can narrow their search by price range which enables them to see all of the listings that meet their price criteria.
Right now in Black Mountain, there are two wonderful properties that offer an affordable option. One property, 611 Hiawassee Avenue, Black Mountain (MLS #:450296), is adjacent to the Black Mountain golf course and offers one of the best locations in all of Black Mountain. This small farmhouse offers options for expansion as well.
Another property, 111 West Brook in Black Mountain (MLS#: 515910), provides a large open interior space and a lot with breathtaking views. This home, nestled in the woods, provides privacy with accessibility.