In the High Country, homes and land sales soar in the summer months when the weather is perfect, not too hot and not chilly. This year, the hot sales figures for the summer season have continued through the fall, with October being the third consecutive month of near-record sales for the counties of Alleghany, Ashe, Avery and Watauga counties according to the High Country Association of Realtors. The median sold price in each of those three months was reported to be above $240,000, from the High Country Multiple Listing Service (MLS).
In October, real estate professionals sold 290 residential and multi-family homes worth $86.12 million throughout the High Country. When you look at figures from the past decade and before, the board realized that only in August 2018 have realtors sold this many homes in a month. In that month, they sold 295, only 5 more than this past October.
According to the report, Ashe County has a lot to be proud of. Sales recently have far surpassed the sale from 2 years prior, with 47 Ashe County homes for sale being sold for $10.86 million during the month. The median sale price was $218,000. This busted records for most homes sold in the county by Ashe County realtors since July 2017, when 48 homes were sold.
Interest rates are fantastic as well. According to Freddie Mac, the average 30-year fixed rate was 3.57 percent in October. This figure increased for a few weeks and then fell to 3.69 percent in November. The average 5 year fixed rate was 3.13 percent. Compare these low rates to a year ago and you’ll find that they are significantly lower. Last year at this time rates were hovering around 4.94 percent and 4.33 percent. Right now, at the time of this post, the 2nd week in December, their rates are 3.68 percent and 3.39 percent respectively. There is certainly a downward trend happening at the moment with respect to interest rates. Now is a great time to invest in real estate Ashe County NC.
Whereas certain investments are currently affected by various trade wars and and different economic predictions, the housing market stands firm. Investors of real estate should be optimistic about the current climate of the housing market. If you are interested in buying Ashe County real estate, we invite you to contact our office at 1-800-865-4221 or 336-246-2664 so that we can discuss your wants for the property. There are so many spectacular properties available for sale. We are sure that there is an Ashe County home for sale that will fit your criteria.