What's Happening in the Market: The Watauga Home Market January 2024

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In January 2024 the number of home sales, homes under contract, and new home listings on the market are down.  It appears less buyers are 'out there' looking and finding less choices to consider.  The graphs below will show you that the current Odds of Selling a home are 60%. 181 homes closed in the last 90 days. 188 are projected to clos...
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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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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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What Happened in the Market March 2023? The Watauga Housing Market

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Even though 'cooler' than a year ago, the Watauga home market continues to be active. As often happens this time of year, the number of new listings [97 in March] and the number of sales are creeping up [see The Buying Pattern chart below]. View the market flowing in The Pond graph below:  for the past 90 days 213 new home ...
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What Happened in the Watauga Market: March 2021

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In addition to the very welcome sight of new life in the form of daffodils appearing, here's what's been happening in the Watauga single family home and the High Country land markets.     Download PDF File Here
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What Happened in the Watauga Market: January, 2021

​January brought the High Country tons of snow.  But that did not cause the market to chill.   Download PDF File Here
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What's Happening in the Market? May 2020

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 First, an update on COVID-19 restrictions in NC. Non-essential businesses are now opening and non-essential travel is now allowed.In real estate, we are back to business as usual, with COVID-19 safety precautions still in effect – masks, driving in separate cars, sanitizing surfaces touched in a home [I'm handing my buyers sterilizing wipes t...
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Market Activity and the Pandemic, Through April 18

​Put aside any thought that the real estate market has become inactive due to the COVID-19 pandemic.  As of today, the market remains active.   Download PDF File Here
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What's the Market Doing? March 2020

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Enter your text here ...   Download PDF File Here
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What's Happening in the Market: A Review of September 2019

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  Download PDF File Here
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What's the Market Doing? February 2019 The Watauga Market

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The home market in the greater Boone area has never been like this before -- the smallest home inventory I've seen since I started in real estate 21 years ago.  Prices are rising, though not galloping up.  As a buyer, it can be hard to find a home.  Most of the homes we are selling are older [most older than 2008 when the recession h...
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The Watauga Real Estate Market -- a Review of 2018

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​Highlights of the Real Estate Market in the High Country for 2018 [see the pdf for the full report]: The slide upwards in sales of single family residences that began in 2016 continues.It has created the smallest inventory I have seen in my 20 years in real estate along with a concomitant increase in average sales price.See pages 3— 7 Buyers need ...
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What's the Market Doing? October 2018

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What's the Watauga Market Doing?  I'm often asked this question.  Here's a summary:   We continue yet again to have a low inventory of homes and a large inventory of land.For the single family residence market, we have the lowest inventory I've seen since 2011. Although the number sold and the number under contract are down slightly,...
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2018 March: What's Happening in the Watauga Market?

  We continue to have a low inventory of homes and a large inventory of land.The Odds of Selling and the months of inventory has held steady from Jan. 2018.With March traditionally be a slow month for sales and the beginning of an increase of inventory [spiking, typically, April-May-June], it will be interesting to see how that plays out in Ma...
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