REALTOR sales hit $1 billion

In a year of milestones for High Country real estate sales local REALTORS® recently eclipsed a new one - the $1 billion sales mark.

Through the end of November High Country REALTORS® sold a record 2,960 residential homes worth $1.06 billion. That’s a 43 percent increase from 2019 and double the sales from 2017, according to the latest real estate report from the High Country Association of REALTORS.

The value was boosted in great part by the sale of million-dollar properties. There have been 134 such homes sold in the four-county area this year; 19 for more than $2 million. That’s according to the High Country Multiple Listing Service (MLS) which tracks sales from REALTORS® active in Alleghany, Ashe, Avery and Watauga counties.

The median sold price for the year - the midpoint at which half of all homes sold above or below - was $280,000. The average sale price was $357,354.

While the national pandemic slowed sales earlier in the year, demand has held steady since last spring. Since July REALTORS® have sold more than 320 homes each month, the longest such streak on record.

In November they sold 323 homes for $132.47 million, the busiest sales for that month in more than a decade. The median sold price was $310,000.

Demand continues to outpace inventory. As of December 9 there were about 570 homes for sale in the region. That’s the fewest available for sale in several years.

For Full Article refer to High Country Association Of Realtors News, 12/11/20:

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