July State of the Market Address

Very few agents track the market and find out what it is truly doing. As a result, investors, buyers, and sellers of real estate here in Murphy, North Carolina don’t know what the market is doing. Here are numbers to give you a great overview of what is happening on homes/houses that have sold.

This data is done with a four month trailing average to give you the most accurate monthly data rather than show simple sudden influxes, etc.

Closings per Month Average List Price Average Sold Price List to Sell Ratio Average Days on Market
Whole Market  26 $213,459 $202,414 95.01% 168
150k-200k 12 $182,600 $175,000 96% 150
200k-250k 5 $224,480 $216,000 96% 145
250-300k 4 $286,000   $269,000 94% 126
300-350k 2 $369,450 $337,500 91% 181

What does all this mean? You can relate it specifically to your home or land that you own when you look to sell it. This data can be difficult to translate to your specific property. If you are looking to sell, a site visit by one of us would be most appropriate. We would be happy to consult with you on this. Please contact us be email or phone.

John Poltrock – RE/MAX Mountain Properties – Murphy, NC – www.MyMurphy.comJohnP@remax.net – (877) 837-3002

*Note* This data was compiled on July 26th, 2007 and used the 4 month trailing data from that day.

Wildwood Drive – Lake Front Home for Sale

Wildwood Drive
Murphy, North Carolina – Bear Paw Resort
Home for Sale – Real Estate on TWO deepwater frontage lake lots

  • Has its own underground pool
  • Estimated 6800 Square Feet
  • Guest Wing
  • 6 Beds, 5.5 baths
  • Two lake front lots
  • Metal roof
  • Rock work out the wazoo!
  • Upper level is dedicated to entertaining
  • US Forest Service view across Lake Hiwassee
  • Dock and dock permit
  • Paved Road
  • and more!

We’re sorry, this home is no longer available. You can check out all our active listings of homes and land for same in Murphy NC by clicking here.

John Poltrock – REMAX Mountain Properties – JohnP@remax.net – (866) 687-7496

450 Sierra Circle – Home for Sale

450 Sierra Circle
Murphy, North Carolina – Hibberts Mountain in Hiwassee Dam
Southern Home Markets Cover Home for August/September of 2007!

  • 3 bedrooms, 3 baths Prowl front Chalet Home
  • Full Finished Basement
  • 1 Car Garage
  • Long Range Mountain View
  • Large Porch
  • Dining Room – a rare find in a Chalet!
  • Oversized Chalet – lots or room and storage!
  • Chefs Kitchen with Stainless Steel Appliances
  • 1 Year American Home Shield Warranty
  • Rock Work
  • Double Sided Fireplace
  • Water Closets in the bathrooms
  • Fixed Glass Overlooks the beautiful Mountain View
  • and more!

We’re sorry but this home is no longer available. You can check out our current homes and land for sale in Murphy NC here.

John and Jessica Poltrock – RE/MAX Mountain Properties – JohnP@remax.net – (866) 687-7496

125 White Oak Drive – Home for Sale

125 White Oak Drive
Murphy, North Carolina – Ranger School District
Home for Sale in Bryer Brook Community

  • 4 bedrooms, 5 baths, an office, and a bonus room.
  • Every bedroom has a bath
  • 1.52 acres
  • Two story
  • Dining Room
  • Chef’s kitchen with granite counter tops and much more
  • Rock fireplace in the living room.
  • Built in entertainment system
  • Paved roads
  • Well with more than 50 gallons per minute!
  • and much more.

We’re sorry but this home is no longer available. View our Current Properties for sale in Murphy NC.

Visit our real estate website for more homes and land at www.MyMurphy.com

John and Jessica Poltrock – REMAX Mountain Properties – JohnP@remax.net – (866) 687-7496

14 Largest Employers in Cherokee County

The 14 largest employers in Cherokee County, North Carolina (NC) are as follows with employees by range:

1) Murphy Medical Center (500-999)
2) Cherokee County Board of Education (500-999)
3) Wal-Mart Associates Inc. (250-499)
4) Moog Components (250-499)
5) Cherokee County (250-499)
6) Indian Head Industries (100-249)
7) Tri-County Community College (100-249)
8) Sioux Tools Inc. (100-249)
9) TEAM Industries (100-249)
10) Coats America (100-249)
11) Ingles Markets, Inc (100-249)
12) Lowes Home Improvements (100-249)
13) West Contracting, Inc (100-249)
14) NC Division of Transportation (100-249)

John Michael Poltrock – REMAX Properties – Murphy, NC – www.MyMurphy.com– JohnP@remax.net 

 

Septic Permits Issued in Cherokee County, North Carolina

Many of you know the amount of backlog we have had in our septic permit issues. Trust me buyers – they’re a good thing for you, especially if you aren’t planning on building right away. The Cherokee County Health Dept. has made a pain for most of us, but for the standard buyer, you can turn it to your advantage. Sellers- you need to apply for a permit as soon as you put your property on the market.

Either way, here are some interesting numbers I think you need to know to see what’s occuring:

Total Applications Received Improvement Permits Issued
January 171 113
February 190 109
March 109 171
April 210 91
May 265 129
June 49 140
Total Year 1,079 869

As a total, you can see where more permits are requested than issued. We’re still 6 months out, but you still have the alternative. Soil Scientists are a good alternative in the Murphy (Cherokee County) area. There’s been a state law applied where a permit can be issued by a soil scientist instead of just through the health dept. In fact, I just received a permit in about 2 weeks! Ask me how and I’ll be happy to tell you the process and who to talk to.

John Michael Poltrock – REMAX Properties – Murphy, NC – www.MyMurphy.com – JohnP@remax.net

Liquor by the Drink Coming to Murphy?

Many of our clients are always shocked to find out you can’t get a mixed drink or shot at any of the local restaurants (with the exception of Cherokee Hills Golf Course, which is classified as a resort). Not only that, you can’t buy beer. Does it seem sane when you can buy wine at the grocery store and straight liquor at the ABC store in town?

Either way, Murphy’s Town Board is reconsidering the liquor by the drink option. Wells and West (very influential persons in our community) are trying to generate interest in large chain restaurants coming to Murphy on land they own. Two restaurants want to come badly, but will only do so if they can serve drinks. It was up for vote in 2003 and was not passed – 55% voted no and 45% voted yes.

Will you be able to have a mixed drink with dinner now? It may be coming soon. In most Southern small towns, they eventually allow it and we very well may be next. What do you think? Would you prefer Murphy to be a largely "dry" county or serve alcohol?

The Liquor Law Did Pass In Murphy, North Carolina!

John and Jessica – REMAX Mountain Properties – Murphy, North Carolina – (877) 837-3002 – JohnP@remax.netwww.MyMurphy.com

 

Real Estate For Sale Magazines in Murphy

We’ve got our first cover! We’re quite excited about having the cover of Southern Home Market magazine. I personally did the layout to ensure its going to be a great issue. It’s a great prowl front chalet home that is great! I look forward to posting the image of the cover when it comes out.

I’ll use this opportunity to explain the difference between many of the magazines in our area. We have currently two real estate magazines in the Murphy NC area: Southern Home Market and Homes for Sale in the Mountains. Homes and Land will also be reintroduced to our area. I’ll be advertising a full page in their first issue to test their effectiveness.

Homes for Sale in the Mountains is a larger, more expensive magazine. I advertised in it for 2006 and sold only one house from it. Sellers – it’s gone. It doesn’t bring enough focus to your property to keep it. Not only that, it’s much larger and I feel that because of that, your property gets “lost” in all the others. It has too many strikes against it to be an effective advertising strategy for your house or land.

Southern Home Market is the current real estate magazine I advertise. They are far more flexible, less expensive, get more calls, and is not so large to where your property is lost. Because of the increased interest in your property, it has been the hands down best choice.

Even though print exposure is important, it’s far from the most important thing. Want to learn more about what to do for your home in Murphy, North Carolina to make it more appealing to a buyer? Email or call us and we’ll be happy to share our marketing plan.

John & Jessica – RE/MAX Mountain Properties – Murphy, North Carolina – www.MyMurphy.com – 828-837-3002

The Importance of a Septic Permit in buying Mountain Property

Many of our customers and clients come from flat lands looking to find their mountain dream spot. Whether they’re looking for a lot in a mountain community, an unrestricted lot, or a tract of land with a lot of acreage, septic permits help ensure you are buying a piece of real estate you can build on and enjoy.

Septic Tank

The above image gives you an idea of what a septic system looks like, and a permit is essentially Cherokee County’s authorization to put a septic system in the ground. They look at your soil type and decide whether it is capable of absorbing the amount of water you’re putting in the ground based on the amount of bedrooms your home will have.

Let me give an illustration of what COULD happen if you don’t get a permit when you buy: You buy the perfect piece of real estate. In a few years, you go to build your home on your land. You don’t want to start building your house till you have the permit in hand. If you apply for it after the fact and the county inspector goes and says your property is not suitable, you’re done for! Yes – there are some ways to appeal it. If you can’t get one at all, you have a property that just dropped in value to next to nothing that would only be worth something to the neighbor next door.

Play it safe – make you contract contingent on receiving a septic permit unless you have a very good reason not to. We would be more than happy to consult with you on how this process works.

John and Jessica Poltrock – REMAX Mountain Properties – Murphy, North Carolina – (828) 837-3002 – (866) Murphy-NC

Some things never change! 2009 is here and its still important to get a septic system permit. 

Construction Labor Costs Should Go Down

Murphy, North Carolina has experienced quite a bit of new construction to come on the market in the past 4 years. Everything from chalets, log cabins, cabins, ranches – you name it. We should even have condos coming soon if the project takes off. We’ve been blessed with a great new inventory giving real estate buyers more choices on new homes.

Many builders have become a bit nervous and have drastically cut their inventories. This has left buyers with fewer choices on new construction homes. Even so, many of the reputable builders still have quite a few they are building as I write this. Those are the best to buy.

As I read the Wall Street Journal (August 1, 2007), it references that inflation rose just 0.1% in June from May. It also mentioned labor costs increased 0.9% last quarter. That number is a national number that even affects the local real estate market. However, I believe home builders will find that labor will drop as many sub contractors find less jobs are available. We may find general contractors will do more of the building process and sub out less.

I personally feel that would be a great change because the whole affect dominoes the cost of building a new home. A cost plus contractor (costs 100k to build a new home so the contractor would make, say, 15% of that) can do more and will not be paying a profit to a company that installs the hardwood floor for example. If you’re not paying profit on profit, then your total building cost will go down.

All in all, it should be a good thing for labor costs in local construction to go down. It will weed out shady or fly-by-night sub contractors that should be there in the first place. If you are looking to build in our market, let us know! We would be more than happy to point you to a reputable builder who you can trust will be here for years to come. You can even find a Recommended Contractor or Builder in Murphy NC Online at our Gotta Guy List!

John and Jessica Poltrock – RE/MAX Mountain Properties – Murphy, NC – (828) 837-3002 – (866) Murphy-NC – www.MyMurphy.com