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High Country Real Estate Activity Steady in May; 148 Area Homes Sold During the Month

June 12, 2020 Regional home sales were down almost 40 percent in May compared to a year ago but were higher than in April as High Country REALTORS™ continued adapting to serving their clients in the midst of the COVID pandemic. North Carolina’s Phase 2 opening in mid-May, as directed by Gov. Roy Cooper, allowed increased movement in the state. This encouraged more potential buyers and sellers to engage with members of the High Country Association of REALTORS™ (HCAR), who have all been deemed an essential service. “Inventory remains low, down about 34 percent from where it was last year at this time,” said Pam J. Vines, 2020 HCAR president. “The lack of listings is expected to keep sales growth down in the near future, but at the moment attractive listings are going fast.”

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Number of High Country Homes Sold up 11 Percent in 2019

January 13, 2020. Homebuyers could not get enough of the High Country market in 2019, according to the year-end real estate report by the High Country Association of Realtors. Realtors set a new high mark in home sales, registering 11 percent growth over 2018. The total sales dollar value was up 34 percent thanks in great part to the demand in high dollar homes. Realtors sold more million-dollar homes last year than in all of 2018 and 2017, combined. Sales occurred as interest rates fell to near-record lows in September. At the start of 2019, the 30-year fixed-rate averaged 4.51 percent. They remain below 3.75 percent heading into 2020. The falling rates helped spur year-long activity in the High Country. Realtors sold a total of 2,617 residential and multi-family homes worth $809.07 million. That’s according to the High Country Multiple Listing Service, which records all Realtor activity in Alleghany, Ashe, Avery and Watauga counties.

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