Good afternoon! 2009 is proving to be a beautiful summer. Lake Hiwassee is full; the weather has been great here in Murphy. Its summer and a great one at that!

All that good weather is bringing lots and lots of travelers. Driving down 64/74 (the 4 Lane as we call it), there’s tons of traffic and lots of out-of-state license plates. Tourism is great this year! Our new cabin rental company, Mountain Country Cabin Rentals, is experiencing a very good volume of renters and has several spectacular homes for rent. This is great because it means FOLKS ARE IN MURPHY!

Real estate sales volume has been holding very level this year and continues to do so. In the past two weeks, there have been 13 properties to close and an amazing 26 to go under contract. Almost one a day! If you remember from our Sold Update before July 4th, we’re down 4 closings over the past two weeks. Even down a fuzz, the great thing is that you cannot believe the hear-say. Real estate is selling.

Showings have been amazing. There are a lot of our RE/MAX agents and agents in other real estate offices burning up the roads showing homes and land. Every time I check the volume of showings on our listings, I’m pleasantly surprised at the amount of times homes have been shown. If market confidence will continue to increase, the sheer amount of showings will turn into some serious closings.

With that said, summer is getting close to being over. This year, the first day of Fall is September 22^nd. That means the highest volume time of real estate selling is coming close to a close. It is proving to be very important to have your home or land well presented, priced aggressively in the marketplace, and to have exceptional marketing of it in place.

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the sold properties for the past 14 Days.

See sold prices, pictures, and descriptions of what’s sold!

Email John at JohnPoltrock@gmail.com and join our SOLD Update!

            Of the ten homes that sold, here are some interesting market averages you should know.

• $185,957 – The average listing price of homes
• $167,414 – The average SOLD price of homes
• 92.61% – The list to sell ratio – in other words, what percentage the house sold for compared to the original listing price
• 102 – Average days on market before selling – WOW! Now that’s good!

It is very important at this time of the year to make sure your property is presented properly and aggressively marketed for the buyers who are out there. Your property can be on the SOLD list, and you need professional advice and marketing to get it done. Give us a call and it is our privilege to help you sell your property. If you already have a Realtor you know and trust, call them! If you’re looking to sell your home, there’s no better time than right now to do it. A professional Realtor can take these statistics and sold properties and tell you what you can expect from your property in today’s real estate market.

Whether you’re buying, selling, or just exploring Murphy’s exciting Real Estate opportunities, don’t miss out on the best things to do in Murphy NC! Let us help you make the most of every season.

Written By: John Poltrock with The POLTROCK TEAM at RE/MAX Mountain Properties. You can get the results you deserve by contacting him at JohnPoltrock@gmail.com or by calling toll free 1-866-687-7496

Happy Fourth of July! Yes, it is a bit early (that and you won’t get another update till after then! ;), but it’s one of our favorite Holidays because we celebrate our freedom. Although sometimes we feel like our country could be ran better at times, we have the greatest democracy the world has ever known. It could be far worse – we could live in Afghanistan!

Enough of the ramble and now on to the real estate market in Murphy NC! The past 2 weeks have been quite active averaging a sale every 15 hours – nice! 22 Properties have sold in the past 14 days, and holding true to what it has been for this entire year, homes have been the most active to sell. It’s holding that way for inquiries as well… for every land inquiry we receive, we get 3-4 home inquiries. It’s an interesting phenomenon that historically is not true at all here. Land usually sells 1.5-2 to 1. The good thing is that land parcels are selling, and I do have to admit that large tracts, unless incredibly well price (read: cheap), are practically stagnant.

You must be a subscriber of The POLTROCK TEAM’s

Bi-Weekly Real Estate Update to get the Link to

the sold properties for the past 14 Days.

See sold prices, pictures, and descriptions of what’s sold!

Email John at JohnPoltrock@gmail.com and join our SOLD Update!

 

Here are some statistics over the past 14 days:
Homes
–      Average List Price – $183,194
–      Average Sold Price – $163,194
–      List to Sold Price Ratio – 89.33%
–      Average Days on Market – 341
–      Total Sold – 17
–      Homes Actively for Sale in Cherokee County: 883
–      Homes Currently “Pending” Sale: 31

Land
–      Average List Price – $60,760
–      Average Selling Price – $41,000
–      List to Sold Price Ratio – 71.09%
–      Average Days on Market – 326
–      Total Sold – 5
–      Largest Tract to Sell – 1.11+/- Acres
–      Land Actively for Sale in Cherokee County: 2,316
–      Land Currently “Pending” Sale: 90

Advice: Despite what rumor and the media says, real estate is selling! Remember that and don’t be discouraged because your property doesn’t “Fly off the Shelf.” There are 3 P’s that are making real estate sell right now:

1)      Presentation – Keep it clean, fresh, comfortable (that means keep the AC on 72-74), and “staged.”

2)      Price – This is incredibly important to be on point for your price. If you’re overpriced in the market, you’re helping sell all the other homes that are correctly priced. Wondering about yours? Ask us! We can help.

3)      Patience – You’ve got to have this one! Even if you have all the above perfect, you’re still going to have to wait. It’s a lot of work to keep your home presentable and priced right, and without this, all the rest doesn’t matter. There’s a lot of agent “hopping” in the market where people will list their house, not sell in 6 months, and change their agent. This isn’t in your best interest. You chose the agent you like and trust and stick with them. When homes are taking an average of 11.36 months to sell in the past two weeks, 6 months simply doesn’t make sense or match the odds. Vegas casinos don’t win in the long run by going against the odds. Sit back, be patient, make your agent work, and talk to them! The advice you get is worth the weight in gold.

We thank you for your business – we’re here for you! Anytime we can do anything for you, please give us a call. Although you don’t hear from us every day, we’re behind the scenes sometimes constantly working to generate buyers and closings for our clients. So far, this year is going great and we’re going to keep it up.

We have a closing today at 11:30, so today’s another great day for real estate! 😉 Have a wonderful 4th and be safe out there.

Whether you’re buying, selling, or just staying informed about Murphy NC Real Estate, don’t miss out on the best things to do in Murphy NC! Our team is always here to help you succeed.

John Poltrock – The POLTROCK TEAM at REMAX Mountain Properties – www.MyMurphy.com – Call Toll-Free 1-866-6877496 – Murphy’s #1 Real Estate Team