MARCH 2009 MARKET UPDATE - TRANSYLVANIA COUNTY, NORTH CAROLINA
HOMES SALES 
With the exception of a few blips and anomalies along the way, home prices in the Brevard, North Carolina area have held steady over the past twelve months. The average selling price during March 2009 was $269,208 and the median price was $182,500. And while prices in March 2009 are slightly down from the previous month, it did represent a 1% increase over March 2008. However, the actual number of homes sold is down. In March 2008, there were 21 residential closings but in March 2009, there were only 12. Not surprisingly, homes in the $100,000 - $300,000 price range had the greatest number of sales which has been the case for the last 18 months.
The average number of days from listing to closing dropped from 253 days in February to 231 days in March. In March 2008, the average days on market was 204.
LAND SALES 
Land sales are down throughout all of western North Carolina and the Brevard area is no exception. In March 2008 there were 14 land closings compared to only 4 in March 2009.
For more information about buying and selling real estate in the Brevard, NC area,contact the Clay Team online at BrevardNCProperty.com or call Robert at 828-551-6291 or Carol at 828-551-6290.
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For more information about buying or selling homes or land in the Brevard, NC area, contact the Clay Team today at BrevardNCProperty.com!
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This is pretty good news I guess. I am a numbers crunching sort a guy so I am always looking at these reports. Thanks for the update.
Hey Charles,
It's really a good news - bad news scenario. Yes, prices are really pretty stable. The problem is, not as many properties are being sold. But, I strongly believe if Florida could find it's way out of the mess there, it would create a major turn around up here. Fl is such a huge feeder state for us.
Have a great weekend....or what's left of it, anyway.
Thanks for the report!!! I just moved here from SE FL. I was lucky enough to rent out my house to cover the mortgage. WNC has buyers, the problem is banks are punishing us "Good Guys" for their mistakes to let anyone with a pulse borrow so much money. I have $25K Dep., with good credit, but because I am self employed, I am screwed! They will NOT lend to people like me, although I am paying $1500 per month in rent, I can't qualify for a $1200 monthly mortgage. UNTIL they fix the CREDIT CRUNCH, the R.E. is only going to get worse this year. BANKS NEED TO START LENDING AGAIN, and you will see the SALES GO UP!
Hi Mary,
Being self employed is tough for sure. But there are programs out there. If you'd like to give me a call at 828-551-6290 or drop me an email at carolclay@kw.com, we have a terrific mortgage guy that might be able to help.
One thing is for sure...the banks absolutely need to start lending again. Not like they were doing...which got us in this mess... but responsibly.
Thanks!
Carol