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News for Highlands, NC - February 26th, 2014 1:22pm
Why wait any longer to reach for the home of your dreams? Old Cashiers Realty invites you to join the growing number of families and investors who have discovered the natural beauty of the Highlands-Cashiers Plateau, as well as the lasting value of homes and property in the Blue Ridge Mountains of Western North Carolina. If you currently own a home in Cashiers, Highlands, Sapphire, Glenville or Lake Toxaway — and are considering making a move to another corner of the world — we encourage you to select OCR as your listing partner. We take great pride in successfully matching buyers with sellers and dreamers with dream homes.

News for Highlands, NC - Friday April 9th, 2010 5:35pm
U.S. - Pending home sales show healthy gain, hint at spring surge
WASHINGTON - April 05, 2010 - Pending home sales rose in February, potentially signaling a second surge of home sales in response to the homebuyer tax credit, according to the National Association of Realtors® (NAR).

The Pending Home Sales Index (PHSI) a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January. The Index is 17.3 percent above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.

Lawrence Yun, NAR chief economist, says the improvement is another hopeful sign. "The rise in buyer contact activity may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten," he says. "We need a second surge to meaningfully draw down inventory and definitively s...
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News for Highlands, NC - Saturday March 27th, 2010 11:20am
Where Homes Prices Are Rising
Les Christie, CNNMoney.com
Mar 19th, 2010
ARTICLE TOOLS: Email article Printable view IM article Save to del.icio.us Bookmark
The drama is nearly over. After a decade of extremes—the ebullient highs of the real estate boom, then the devastating lows of the bust—calmer forces are beginning to prevail in the housing market. The big fall-off in home values, which has taken the median price of a house down almost 30% since 2006, looks to be in its final stages in most places: Three-quarters of the nation's 384 metropolitan areas will see prices down less than 5% a year from now, according to projections from Fiserv and Moody's Economy.com; 10% seem poised for modest increases. Meanwhile, Uncle Sam is lending a steadying hand with programs designed to prop up the market — at least for a while yet.

In this quieter environment lie new challenges and opportunities for homebuyers, sellers, owners, and investors. For the first time in years you aren't completely at the mercy of market forces: You can really affect how much you make (or lose). To come out on top, though, you need to understand the key trends shaping the shifting market.

News for Highlands, NC - Wednesday March 10th, 2010 12:18pm
Discovering Highlands
by Susie on January 2, 2010

Dozens of years ago, my grandparents were looking for an escape from the brutal, summer heat of southern Florida.

Like many others who had heard about a gorgeous, cool mountain community in western North Carolina, they made their way to Highlands for a vacation. And over the course of their stay, they fell in love with the area and promptly purchased real estate.

It was a decision that would effect their lives, their children's lives as well as the lives of their grandchildren and even great-grandchildren.

Over the course of the years, my dad and his brothers vacationed in Highlands and spent their summers in an area camp for boys. They swam, fished, and canoed in the sparkling lakes and played in the streams and rivers. My dad and uncles hiked the hills and peaks and had many adventures around campfires.

The soft, ancient Appalachian mountain...
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National Market Conditions
2018 1st Quarter Market Report: Home Sales Steady - Prices Continue to Rise

The 1st quarter of 2018 ended on a good note with March existing home sales only down slightly over last year, and with 2018 home sales expected to exceed 2017 excellent year. Home Prices in 2018 continue to rise, increasing 5.8% over the end of March last year.

The most notable change in the 1st quarter was an increase in seller activity. Our survey showed that in 46% of the markets surveyed there were still more buyers than sellers, but a decrease of 27% from March 2017. Additionally, 17% of our markets surveyed showed more seller activity than buyer activity, an increase of 8% over last year. The remaining 37% of the markets showed an equal amount of buyer and seller activity which was an increase of 19% over last year. The increased activity, however did not ease the tight inventory 73% of our markets showing a very tight supply of homes available for sale. Home prices are also on the rise with 86% of markets showing price appreciation in the last year.

According the National association of Realtors (NAR) existing home sales in March were down 1.2% over last year, but annual sales are expected to hit 5.6 million units compared to 5.1 million in 2017; inventory of unsold homes is at a 3.6 month supply and 46% of all homes sold in under one month.

The data in this report is generated primarily from our survey of HouseHunt.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.

Buyer and Seller Activity
The trend in both buyer and seller activity is up significantly in the 1st quarter of 2018 compared to the buyer and seller activity from last year. Buyer activity is steady or increasing in 94% of the markets surveyed and decreased in only 6% of the markets surveyed indicating a significant 8% increase in activity from Spring 2017. Simultaneously the trend for seller activity posted a solid 10% gain in the 1st quarter of 2018 with 85% of the markets indicating steady or increased seller activity compared to 75% of the markets at this time in 2017. Despite increased seller activity there are still more buyers than sellers and homes are selling quickly. In fact, according to NAR inventories have decreased to 3.6 month supply compared to 3.8 months in March of 2017. A balanced "normal market" is considered to be a 6 month supply of homes for sale.

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Fall 2019 Market Update
If you can qualify, now is an exceptional time to buy a home in Highlands. Call now for more information at 828-507-3156
Average Sold Home Price: $700,000

Average Time on Market: More than 120 days

Best Selling Price Range: $300,000 - $349,000

Existing Home Prices for the past 90 days: Decreasing

Market Trend: Decreasing

Buyer's or Seller's Market: Equal buyers and sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Increasing

Multiple Offers? No

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 5-10%

Is Financing Available For Qualified Buyers? Yes

Comments on Financing For Qualified Buyers: Call Ken for additional mortgage information

Housing Inventory: Good Supply

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Good economic news

Nearest Metro Area: Macon County

Housing Hot Spots: Cullasaja Club. Mirror Lake

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Real Estate Professional, Kenneth  Fernandez ABR Kenneth Fernandez ABR
Old Cashiers Realty, Inc.
Specializing in Highlands Real Estate
16 Old Cashiers Square - P.O. Box 1582
Cashiers, North Carolina 28717
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Kenneth Fernandez ABR for current Highlands, NC market conditions before acting on this information.)
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