How's the Market Doing: High Country Land Sales November, 2023

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Good news for sellers:  the number of parcels on the market is now at 1268, down from the average number most of the year, hovering around 1350.  The number of land parcels sold and the number of new land parcels coming on the market are less than in previous recent months.  Most sales are building lots, with 7 acreage parcels sellin...
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What's Happening in the Ashe County Housing Market: November 2023

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Homes sales and new listings slowed down in Ashe County during November 2023.  The number of homes currently under contract and currently active is also less than October.  On the other hand, the Odds of Selling a home remains around 60%, selling an average of 31 homes per month, with a 4.7 month inventory of homes available.  H...
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What's Happening in the Watauga Housing Market: November, 2023

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 The Watauga single family residence market shows some slowing down, not surprising for winter months.  The number of sales and the number of new listings during November, 2023, are lower than October.  On the other hand, the average sales price increased, as you can see in a comparison of the last two graphs below.  The Od...
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What's Happening in the Ashe County Home Market? October 2023

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  In short, the housing market continues to be a wacky market with contradictions that don't make sense to realtors, at least not at in the way they did in the past. Ashe is a bit steadier than the Watauga home market, with the number on the market, the number sold, the number of new listings being close to past months, the number sold per mon...
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What's Happening in the Watauga Home Market: October 2023

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In short, the housing market continues to be a wacky market with contradictions that don't make sense to realtors, at least not at in the way they did in the past. For instance, in the Watauga home market, the number of homes sold and under contract has gone done, yet the number we're selling monthly has gone up, the number of months of inventory h...
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September 2023: What's Happening in the High Country NC Land Market?

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  September 2023 is an interesting month for property in the High Country. For homes in Watauga and Ashe, the number sold is up.But less are currently under contract.For land, the number sold is the same as August, but the number under contract is up significantly.That's interesting to me because typically September is a slow month in the real...
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September 2023: What's Happening in the Ashe County Housing Market?

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September 2023 is an interesting month for property in the High Country. For homes in Watauga and Ashe, the number sold is up.But less are currently under contract.For land, the number sold is the same as August, but the number under contract is up significantly.That's interesting to me because typically September is a slow month in the real estate...
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September 2023: What's Happening in the Watauga Housing Market?

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September 2023 is an interesting month for property in the High Country. For homes in Watauga and Ashe, the number sold is up.But less are currently under contract.For land, the number sold is the same as August, but the number under contract is up significantly.That's interesting to me because typically September is a slow month in the real estate...
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August 2023: What's Happening in the High Country Land Market?

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As is the case with the Ashe County housing market,  the High Country land market also 'makes sense.'  The number sold is up, a 'typical' summer pattern.  The number under contract is essentially holding steady, if a tiny bit down.  The number of new listings is down a bit, 'typical' of late summer. &nbs...
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August 2023: What's Happening in the Ashe County Housing Market?

The Ashe County housing market looks far more steady, than the Watauga housing market, more like what we realtors are likely to say 'makes sense.' The number sold is up, a 'typical' summer number.  The number under contract is holding steady, as is the number on the market. The number of new home listings is down, another 'typic...
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August 2023: What's Happening in the Watauga Housing Market?

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​ I'm still pondering what makes this market a mystery.The mystery is more apparent in the Watauga housing market than the Ashe housing market. That is, the stats – what's up, what's down, what's holding steady – are all over the place, in inconsistent ways to what we usually see.The number of new home listings is up, and by August that's usually t...
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July 2023 What's Happening in the High Country Land Market?

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As is true of the housing market, the High Country Land market is holding steading.  A few more are under contract in July than June.  Less sold in July than in June, and less came on the market in July than in June.  Over 1/3 of the sale values are over $100K, with most of those in high end subdivisions.
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July 2023: What's Happening in the Ashe County Housing Market?

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​As is the case with the Watauga Housing Market, the Ashe Market is holding steading.  Number of sales is down from 2022, yet more sold in July than sold in June 2023. The Odds of Selling, the number under contract, and the average sales value remain very steady.  Homes are selling about 30 per month, with 5 months of home inventory avail...
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July 2023: What's Been Happening in the Watauga Housing Market?

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​The Watauga Housing Market continues to be very active, steady in some ways, surprising in others.  July sales are down in numbers, whereas the number under contract has increased, as has the number on the market.  It's worth noting that 17 of the 75 homes sold closed at over $1 Mil, several of them well over $1 Mil, as shown in the Scat...
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June 2023: What's Been Happening in the High Country Land Market?

The High Country land market is holding steady:  approximately same number of parcels on the market, under contract, coming on the market, and selling, plus selling in approximately the same patterns: 
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June 2023: What's Been Happening in the Ashe County Home Market?

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I've heard several realtors recently say 'This is a strange market.' Today, a realtor characterized it as 'goofy.' To me, that means we're transitioning and don't have a clear handle on where we're headed. What are the clues? One is odds of selling. For the Ashe County single family housing market, the odds have gone down, overall for all home...
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What's Been Happening in the Market: Watauga Housing June 2023

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I've heard several realtors recently say 'This is a strange market.'  Today, a realtor characterized it as 'goofy.'   To me, that means we're transitioning and don't have a clear handle on where we're headed.  What are the clues?   One is odds of selling.  For the Watauga single family housing market, the odd...
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May 2023: What's Been Happening in the Ashe County Housing Market?

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The housing market in Ashe and Watauga are following what I would consider to be typical Spring markets.The number of new listings coming on the market is higher than earlier this year.The number selling has risen a bit but overall, but the odds of selling have dropped due to more homes on the market.The numbers are slightly different; nothing sign...
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May 2023: What's Been Happening in the High Country Land Market?

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  The land market has seen an upsurge in the number of parcels under contract, compared to April.The size and market values continue in the pattern that has been typical in recent years.
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April 2023: What Happened in the Ashe County Housing Market?

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The picture for the Ashe County Housing market is similar to the Watauga Market.  A slight increase in new listings, yet sales remaining consistent mean there's a low inventory of homes but the appearance of a typical Spring spike in homes on the market.  Homes are selling at an average of 35 per month with a list to sale ratio of 95%, an...
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Serving the High Country

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