High Country Real Estate Sales Report June 2024
High-Country Real Estate Market Overview:
In June, the real estate market in Alleghany, Ashe, Avery, and Watauga Counties remained strong, with a total of 171 closed sales for single-family homes and condo/townhouse properties. The combined sales amounted to $104.5 million, with a median sales price of $471,461.
National Overview:
According to a recent report by the National Association of Realtors®, June 2024 saw 3.89 million units sold nationwide, with a median sales price of $426,900 and 4.1 months of inventory. The median sales price increased by 4.1% year-over-year, while inventory rose by 1.0% compared to June 2023.
Local Inventory:
Alleghany, Ashe, Avery, and Watauga Counties had 812 active listings for single-family homes and condos/townhouses in June, with 320 new listings coming onto the market. This represents a 4.7 months’ supply of inventory, a 50.0% increase compared to the same period last year.
Land Listings:
There were 1,512 active land listings across these four counties in June, representing a 23.3 months’ supply of inventory.
Commercial Properties:
The High-Country Multiple Listing Service reported 63 commercial properties listed. Ashe County recorded two commercial sales totaling $869,000, while Watauga County had one commercial sale at $792,778.
County-Specific Data:
Alleghany County:
Closed residential sales: 10
Median sales price: $418,500
Active residential listings: 74
Land closings: 5
Median land sales price: $50,000
Active land listings: 252
Ashe County:
Closed residential sales: 40
Median sales price: $411,285
Active residential listings: 124
Land closings: 31
Median land sales price: $48,625
Active land listings: 439
Avery County:
Closed residential sales: 29
Median sales price: $388,000
Active residential listings: 240
Land closings: 8
Median land sales price: $68,000
Active land listings: 300
Watauga County:
Closed residential sales: 92
Median sales price: $549,950
Active residential listings: 369
Land closings: 21
Median land sales price: $80,000
Active land listings: 521
Working with a local real estate professional:
Working with a local real estate professional is crucial when buying or selling your home. If you’re looking for a seasoned Realtor® in North Carolina’s high country, go no further than Lori Eastridge, Realtor®/Broker of NC High Country Real Estate, powered by Realty One Group Select. As a Certified Luxury Home Marketing Specialist™ (CLHMS) epitomizes the pinnacle of professionalism in the high-end real estate market, offering unparalleled expertise and knowledge in luxury properties. This prestigious certification is a testament to an agent’s exceptional skills in marketing, negotiating, and selling upscale homes, ensuring that they can meet and exceed the unique needs of affluent buyers and sellers. A CLHMS has access to exclusive market insights and a global network, enabling them to effectively target and attract the right audience for luxury listings. By choosing a Certified Luxury Home Marketing Specialist™, clients can rest assured that their high-value real estate transactions are handled with the utmost care, precision, and effectiveness, leading to successful outcomes that align with their refined lifestyles and aspirations.
Lori has an in-depth familiarity with the market and surrounding areas, a tailored marketing plan second to none, allowing her to help you sell your home with low stress and at the best possible price. Lori supports buyers and sellers by giving them the best professional advice and will get to the closing table with ease. Lori’s commitment to ensuring her clients are happy and well educated shines through in the individualized service she provides.
Because of Lori’s many connections in the high country, she is able to offer full-service assistance to her clients at every stage of the home-selling and home-buying process. Lori is fully invested in your success throughout the entire process, from the first call or meeting to negotiation and closing. Lori’s attention to detail and client satisfaction are her primary goals and what set her apart from other real estate professionals. She strives to exceed client expectations. Get in touch with Lori today at 828.773.2080.
