Brevard North Carolina Real Estate Blog: Western North Carolina Real Estate Market Report - June 2009

Western North Carolina Real Estate Market Report - June 2009

The real estate market in western North Carolina, including the areas in and around Hendersonville, Pisgah Forest, Connestee Falls, and Brevard, is very seasonal. Typically, the “buying season” starts in the spring, sometime before Memorial Day and peaks during the summer months. After the kids start going back to shool business slows slightly but picks up again during the leaf season. After Thanksgiving, or the end of leaf season (whichever comes first), the streets are quiet until the following spring when we ramp up once again.104 Shepherd Street

This year has been no exception and while the overall numbers are reflective of the downturn in the economy, the pattern is the same.

In Henderson County, there were 111 homes closed during the month of June, a 29% increase over May, but only a very slight increase over June 2008 when there were 108 closings. Much like the neighborhing Brevard area in Transylvania County, the largest number of sales occured in the $100-$300K price range. There were 13 closings at $100K or less; 44 at $100k-$200K; and 34 closings in the $200-$300K price range. Homes in the $300-$400K price range had 12 closings. And there 4 closings in the $400-$500K range and in the $500K and up price range.

The average selling price in June was $220,091, only slightly higher than May, but it was a 20% drop from June 2008. The median price was $197,000, only a $10,000 increase over May and an 8% drop from the year before.

For more information about homes and land for sale in the Hendersonville or Brevard  area, visit the Clay Team online at brevardncproperty.com, or call 828-551-6290/551-6291.

 

 

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Comment balloon 0 commentsCarol Clay • July 16 2009 10:20AM

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