December High Country Real Estate Stats
In December 2023, the NC High Country real estate market experienced a significant boost in residential sales across Alleghany, Ashe, Avery, and Watauga counties. With 160 closings, the combined total surged to an impressive $100.8 million, showcasing a remarkable uptick from the previous year’s $78.8 million. Notably, the median sales price for December reached $471,500, marking a substantial 23.3% increase from December 2022, while the median days on the market held steady at sixty-two.
Throughout 2023, the NC High Country Realtors®️ celebrated over 2,000 residential sales, surpassing the $1 billion mark in total sales. The median sales price for the year stood at $450,000, with a noteworthy high of $4,700,000 for a residential property.
December’s inventory revealed 535 active residential properties, including 98 new listings, resulting in a 3.3-month supply – a notable 9.5% increase from the previous year.
In the land sector, December saw 1,441 active land listings, indicating a 7.5% decrease from the previous year. The months’ supply of inventory for land reached 14.4 months. Remarkably, 100 land sales closed in December, totaling just over $10 million. Throughout 2023, 972 land sales transpired, accumulating a combined closing price of $115.2 million in the NC High Country real estate market.
The commercial sector, with 46 active properties in the four counties, witnessed a notable sale in Watauga County closing at $1,550,000 in December. For the entire year, 39 commercial sales contributed to a combined closing total of $22.3 million in the NC High Country real estate market.
Breaking down the counties for December:
- Alleghany reported 8 residential sales with a median price of $284,700, along with 16 land sales at a median price of $36,250.
- Ashe showcased 39 residential sales with a median price of $345,000 and 35 land sales at a median price of $89,900.
- Avery recorded 38 residential sales, boasting a median price of $520,000, and 11 land sales with a median price of $70,000.
- Watauga stood out with 75 residential sales, featuring a median price of $535,000, and 38 land sales at a median price of $447,500.
Working With Lori Eastridge of NC High Country Real Estate is the Right Choice
Working with a local real estate professional in the NC High Country is crucial when selling a home. If you’re looking for a seasoned Realtor® in North Carolina’s high country, go no further than Lori Eastridge, Realtor® of NC High Country Real Estate powered by Realty One Group Select.
Lori has an in-depth familiarity with the market, surrounding areas, a tailored marketing plan second to none allowing her to help you sell your home with low stress and the best possible price. Lori’s commitment to ensuring her clients are happy shines through in the individualized service she provides.
Because of Lori’s many connections in the High Country, she is able to offer full service assistance to her clients at every stage of the home-selling process. Lori is fully invested in your success throughout the entire process, from the pre-listing appointment to negotiation and closing. Get in touch with Lori today at 828.773.2080.
