Lake James NC Updated Market Report 10-09-2023

October 9, 2023

Call Dwain at (828) 447-0036 or simply email wncagent@wnclakeproperty.com for quick assistance about any Lake Property listing shown in WNC.

 

🏡 Attention Buyers and Sellers in Lake James NC Area!

 

🏡📊 Lake James Real Estate Update 📊🏡

📅 September 2023 📅

🔥 Hey there, Lake James, NC area buyers and sellers! Dwain Ammons, your trusted Lake James REALTOR® from ALLEN TATE | BEVERLY-HANKS, REALTORS® (828) 447-0036 , here with some exciting market trends data! 🔥

📈 Let’s dive right in! Currently, we have a 6.54 Months Supply of Inventory around lake James. That means there’s a healthy balance between buyers and sellers in our area, giving you ample opportunities to find your dream home or make a successful sale. 🏠💼

💥 Over the last 12 months, the Lake James – Nebo & Lake James – Marion areas Months Supply of Inventory has seen an impressive +189.38% increase! This upward trend indicates a thriving market, with more options for buyers and sellers alike. 💪📈

🔍 In terms of pricing, the List to Sold Price percentage is at a fantastic 93.8%. This means that Lake James properties are selling close to their asking prices, giving sellers confidence in their investments. 💰💼

⏰ Lake James Area Median days on market is currently 35, which showcases the demand for homes in our vibrant community. Don’t wait too long to make your move – buyers are actively seeking their new homes, and sellers are reaping the benefits! ⌛📆

💲💵 Lastly, the Lake James Median Sold Price stands at an impressive $597,520. This highlights the value and desirability of Nebo’s real estate market. Whether you’re buying or selling, there’s great potential to achieve your goals and make a smart investment. 💲🏡

📣 So, whether you’re looking to buy or sell in Lake James Area, now is the time to take advantage of these market trends! Don’t hesitate to reach out to me, Dwain Ammons (828) 447-0036 , your dedicated REALTOR®, to guide you through this exciting process. 🤝🔑

#NeboRealEstate #MarketTrends #DwainAmmonsRealtor #AllenTateBeverlyHanksRealtorsLakeJames#BuyersAndSellers #RealEstateUpdate #InvestmentOpportunity #NeboRealEstate #LakeJamesMarketUpdate #RealEstateTrends #BuyersAndSellers #DwainAmmonsRealtor

 

Attention Lake James NC Potential Sellers of Homes or Land.

🏡 Hey Lakes James, NC homeowners! Dwain Ammons, your trusted REALTOR®, here to share some exciting market trends data with you. Let’s dive right in! 📊

📅 It’s September 2023, and I’ve got some fascinating stats to share about our local Lake James Area real estate market. 📈

🏢 Currently, there’s a 6.54 Months Supply of Inventory, which means we have a healthy balance between supply and demand. With this, sellers can expect competitive offers and a fair chance to sell their homes. 🤝

🔄 Over the last 12 months, the Months Supply of Inventory has seen a significant boost, with a whopping +189.38% increase. This suggests a growing interest in the Lake James, NC housing market. 📈

💰 When it comes to getting the best bang for your buck, you’ll be glad to know that the List to Sold Price percentage is at a solid 93.8%. This indicates that sellers are getting close to their asking price, which is great news for those looking to sell their homes. 💵

⏰ Additionally, the median days on market stands at just 35 days. This means that, on average, homes are selling relatively quickly in the Lake James, NC. 🏡

💲 Lastly, the median Lake James Area Sold Price currently sits at $597,520. This figure reflects the midpoint of all home sales in our area. It’s always essential to remember that prices can vary based on factors such as location, size, and condition. 📉

🔍 If you’re thinking of selling your property in Lake James, NC, these market trends suggest a positive environment for sellers! As your REALTOR®, I’m here to guide you through the process and help you make the most informed decisions. 🤝

📞 Don’t hesitate to reach out to me, Dwain Ammons, at ALLEN TATE | BEVERLY-HANKS, REALTORS® (828) 447-0036 , for a personalized consultation. Let’s work together to achieve your real estate goals! 🏆

#NeboRealEstate #MarketTrends #SellingHomes #DwainAmmonsRealtor

Attention Potential Buyers In The Lake James NC Area!

🏡 Calling all buyers in the Lake James Area! 📣 Dwain Ammons, REALTOR® from ALLEN TATE | BEVERLY-HANKS, REALTORS® (828) 447-0036 , here with some exciting market updates for September 2023. Let’s dive right in! 💪

📈 Did you know that our current Months Supply of Inventory stands at 6.54? 📆 That means there’s a healthy balance between supply and demand in our market, giving you plenty of options to explore when searching for your dream home. 🏠 But wait, there’s more! Over the last 12 months, our Lake James Months Supply of Inventory has skyrocketed by +189.38%! 🚀 So act fast and get ahead of the competition before it’s too late. ⏰

💲 Looking for the best bang for your buck? 💰 Look no further! The List to Sold Price percentage is an impressive 93.8%. This means that sellers are motivated and willing to negotiate, helping you secure a great deal on your new home. 💯 So why wait? Start browsing our listings today and make your dream a reality on your terms. 🌟

Time is of the essence, my friends! The median days on market is just 35, indicating that homes are selling quickly in Nebo. ⚡️ Don’t miss out on the perfect opportunity – reach out to me, Dwain Ammons, REALTOR® (828) 447-0036 , and let’s get you ahead of the game. 📲 Together, we’ll ensure you find the home you’ve been dreaming of without any unnecessary delays.

💵 Last but certainly not least, let’s talk numbers! The median sold price in the Lake James Area currently stands at $597,520. 💸 This gives you an idea of the market’s overall value and potential return on investment. With the expertise and guidance of a trusted REALTOR® like myself (828) 447-0036 , you can navigate these market trends with confidence and make the most informed decisions for your future. 🌟

So, buyers of Lake James NC area, are you ready to make your move? 🚀 Reach out to me today, and let’s turn your homeownership dreams into a reality in this thriving market. 🏡💙 #NeboRealEstate #MarketTrends2023 #DwainAmmonsRealtor #LakeJames #LakeJamesNCRealtor

Attention sellers and buyers of land around Lake James NC

Ladies and gentlemen, today we will be delving into the correlation between several key real estate metrics that are sure to be of interest to both buyers and sellers. By analyzing these metrics, we can gain valuable insights into the current state of the real estate market and make informed decisions accordingly.

Firstly, let’s take a look at the “Months Supply of Inventory,” which currently stands at 29.1. This metric refers to the number of months it would take to sell all the available homes on the market, assuming no new listings are added. A higher supply of inventory indicates a buyer’s market, with more options and potentially lower prices.

Now, let’s consider the “12-Month Change in Months of Inventory,” which has experienced a significant increase of +141.09%. This change signifies a substantial shift in the market dynamics, with the supply of available homes growing at a much faster rate than in previous years. Such an increase may suggest a market that is becoming more favorable for buyers, who may have more negotiating power and opportunities to find their dream home.

Moving on, we come to the “Median Days Homes are On the Market,” which currently stands at 83 days. This metric measures the average number of days it takes for a home to be sold after it is listed. A lower number of days on the market indicates a more competitive market, where homes are being snatched up quickly. Conversely, a higher number suggests a slower market, potentially presenting opportunities for buyers to negotiate and take their time in making a decision.

Next, we have the “List to Sold Price Percentage,” which currently sits at 88.8%. This metric represents the percentage of the initial listing price that a home ultimately sells for. A higher percentage indicates that homes are generally selling closer to their initial listing prices, while a lower percentage may suggest more room for negotiation and potential bargains for buyers.

Finally, we have the “Median Sold Price,” which currently stands at $90,000. This metric represents the middle value of all the homes sold during a specific period. A higher median sold price typically indicates a more expensive market, while a lower price may suggest more affordable options for buyers.

In analyzing these real estate metrics collectively, we can draw some conclusions about the current market conditions. With a high supply of inventory and a substantial increase in the months of inventory, buyers may find themselves with more choices and potentially increased negotiating power. Additionally, the median days on the market and list to sold price percentage suggest a market that is not overly competitive, providing buyers with the opportunity to take their time and potentially negotiate better deals.

Sellers, on the other hand, may need to be mindful of the increased competition and adjust their pricing strategies accordingly. It may be beneficial for sellers to consult with real estate professionals to determine the most effective pricing and marketing strategies to attract potential buyers and ensure a timely sale.

In conclusion, understanding these real estate metrics can prove invaluable for both buyers and sellers. By being aware of the current market conditions, buyers can make informed decisions and potentially find their dream home at a favorable price. Similarly, sellers can adapt their strategies to maximize their chances of a successful sale. Remember, staying informed and utilizing the expertise of professionals in the real estate industry will greatly benefit all parties involved in the buying and selling process.