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High Country Appraisals Blog

Market Trends- Posted from Realty Times- August Report
August 14th, 2008 12:43 PM

 Posted from Realty Times

Market Conditions for Boone, North Carolina

Reported by Mary Rupp, REALTOR, CRS, GRI, Broker

Updated August 8, 2008.

August 8, 2008, these are all property types, but does not include businesses for sale. 832 properties have sold since January 1, 2008 with an average of 221 days on the market. Active houses, condos, and town homes total 2,527. Sold volumes as of January 1, 2008 was $217,608,601 with an average sale price of $261,549 and average listing price of $289,020.
The number of homes that are for sale are 2,053, and 476 have sold this year. This excludes all condos, town homes, and manufactured homes. The average days on the market is 204 days with an average list price of $359,864 and an average selling price of $328,475.

Real Estate is down 40% from last year and prices are still up!

The Internet Home Buyer Vs. The Traditional Home Buyer...

72% of all home buyers were internet home buyers in 2007. They spent 5.2 weeks looking for a home. 3.9 homes were visited by an internet home buyer. Specifically, women make or influence 91% of all home buying decisions.

Referral Request:

One of the greatest compliments I have receive from a satisfied customer is a referral. Do you know anyone with a real estate need?

Some Home Selling Tips are:

1. Make sure your selling price is competitive with similar homes nearby. If it is priced wrong potential buyers will not come to look.
2. Decide if you can afford to help would be buyers financially. Can you contribute to the closing costs? Can you pay points or other fees to hold down the buyers monthly mortgage costs?
3. Work with a team. (Real Estate Agent, Mortgage Lender, or Accountant)
4. Stage the home properly. You can hire a professional stager.

If you are planning a visit to the mountains or would like a market analysis of you property, please give Mary a call at home or in the office.

ZIP Codes: 28607, 28604, 28605, 28694, 28692

Approximate Location Boundaries: Northwestern NC including Blue Ridge Parkway into West Jefferson, Todd , Trade and Mountain City, TN

Location Characteristics: Mountainous, Home of Appalachian State University
I-AA divison football champions; small towns with general stores, lots of outdoor activies, cultural events and family fun.

For More Information:

View Market Conditions of other areas served by Mary Rupp

Navigate: Top > North Carolina > Boone

About Mary Rupp:
I am the most helpful and active realtor in the northwest corner of North Carolina! I have been involved in real estate here in Boone,Banner Elk, Seven Devils, & Blowing Rock since since 1986. I also have a Tennessee license and serve the Mountain City area. Many of my customers want cheaper properties and this is definately an excellent choice if they are living on a fixed income and like warmer Winters and Summers. I have a great understanding and patience with people and will go out of my way to give the best of service and advice. I have always been associated with Appalachian State University since my husband was formerly Dean of the Graduate School and later taught in the ASU English Dept. I am active with Appalachian Summer and this event is considered one of the Top 20 Events in the Southeast. So much happens during the Winter. The ski resorts are now open. Winter has arrived & we have snow covered mountains.Come and visit. While here call me. You can expect me to Exceed your Expectations!

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Posted by on August 14th, 2008 12:43 PMPost a Comment

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