What's the Market Doing? February 2019 The Watauga Market

Odds-of-Selling-short-graph
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

Grandfather Mountain Sunset
​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

Odds-of-Selling-Oct-2018-short-graph
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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