May 2020 Real Estate Figures for Ashe County up from last month

homes for sale in ashe county ncThe May 2020 Ashe County and High Country real estate sales figures are out this week and while regional home sales were down almost 40% in May, compared to May 2019, they were higher than April 2020 figures. Ashe County real estate offices are adjusting to serving clients in an unprecedented time of the COVID pandemic. North Carolina Gov. Roy Cooper ushered in Phase 2 of opening in mid-May and this move has allowed for increased business and movement within the economy of our state. Phase 2 has encouraged more potential buyers and sellers to reach out. Ashe County real estate agents are deemed an essential service, however there were certainly less business conducted in April than in May as a result of the shutdown orders in March and April.

Ashe County homes for sale in the inventory available are down, however the most attractive homes in the inventory are still selling quick. In the entire High Country Association of Realtors MLS inventory there are 148 area homes that were sold in the month of May. That’s 14% more than were sold in April. The High Country Multiple Listing Service (MLS) serves real estate professionals working in Alleghany, Ashe, Avery, and Watauga counties. Previously, in 2019, there were 242 homes sold in the area during the month of May. May 2019’s totals were the most unit sales recorded in any May since 2006 or earlier. Even though this May’s figures are lower, they are still higher than May sales figures recorded from 2008 to 2015 during the Great Recession and recovery period.

With regards to land and commercial real estate sales, there were 35 tracts of land that sold in May. The total amount of land sold was for $3.297 million. There were 13 tracts of Ashe County land for sale sold this month, as opposed to 12 tracts in Watauga, 5 in Alleghany, and 1 in Avery County. There were 2 commercial real estate transactions in May, one in Ashe County commercial real estate and another in Watauga.

In our county, there were 25 Ashe County homes for sale sold for $5.48 million in May; 4 more homes than were sold in the month of April. The median sale price was $215,000. A total of 50 new residential listings in Ashe County were added to the MLS this past month, bringing the total of active listings right now to 213 as of June 5.

We would love to assist you with Ashe County real estate transactions and work with you to find a mountain home that you love. If you are new to the area, we can help. If you are a first time home buyer, we can advise you of the process and be with you each step of the way in buying your first home. We welcome you to Ashe County and would love to meet with you.

Posted in Selling Real Estate.