2018 March: What's Happening in the Watauga Market?

 We continue to have a low inventory of homes and a large inventory of land.The Odds of Selling and the months of inventory has held steady from Jan. 2018.With March traditionally be a slow month for sales and the beginning of an increase of inventory [spiking, typically, April-May-June], it will be interesting to see how that plays out in March. SELLERS: caveat: buyers truly want move-in ready homes; I hear over and over in feedback on my homes:'too much work.'

The land market continues to amaze me.It's quite a dichotomy between very low end sales [under $20K] and very high end sales, over $100K.It appears to me we're going to be seeing some very high end homes built in the High Country.

It's helpful to compare to the market one year ago for the month of February:

In 2017 the average sales price: $340K.[$60K higher – I do think this is an anomaly rather than a significant change; an accident of what happened to sell in Feb.]
In 2017 the median sales price: $230K [same].

Coe Realty's Calendar: March 2018
Coe Realty Calendar 2018 January

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Tuesday, 21 August 2018

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