Learn what’s happening in the real estate market in the far western region of North Carolina! Want to subscribe and get more details? Visit our website at ThePoltrockTeam.com for more or call us at 828-837-6400.

 

We got together with Cherokee County’s local Real Estate Attorney to discuss exactly how this NAR Settlement will affect real estate professionals and consumers alike. Will the current commission structure change? Will real estate agents be necessary anymore? Watch below to find out!

 

 

Nestled amidst the breathtaking beauty of Murphy, North Carolina, lies Cherokee Lake, a tranquil haven that beckons adventurers, nature enthusiasts, and serenity seekers alike. Tucked away from the hustle and bustle of city life, this pristine lake offers a serene escape surrounded by the majestic Appalachian Mountains. Let’s embark on a virtual journey to uncover the allure of Cherokee Lake and why it deserves a spot on your travel bucket list.

A Natural Oasis

Cherokee Lake, with its crystal-clear waters and lush greenery, is a paradise for outdoor enthusiasts. Whether you’re an avid angler, kayaker, or simply someone who appreciates the beauty of nature, this hidden gem has something to offer for everyone. The lake spans approximately 400 acres, providing ample space for various recreational activities while maintaining an intimate atmosphere that allows visitors to connect with nature.

Fishing Paradise

For fishing aficionados, Cherokee Lake is a dream destination. Stocked with an abundance of bass, crappie, bluegill, and catfish, the lake offers excellent fishing opportunities year-round. Cast your line from the shore or venture out onto the water in a boat, and you’re bound to reel in a memorable catch. Whether you’re a seasoned angler or a novice, the tranquil surroundings and plentiful fish make for an unforgettable fishing experience.

Water Recreation

Beyond fishing, Cherokee Lake invites visitors to indulge in a myriad of water-based activities. Kayaking and canoeing are popular choices, allowing adventurers to explore the lake at their own pace while immersing themselves in the serenity of the surroundings. The calm waters and stunning scenery create the perfect backdrop for a leisurely paddle or an adventurous expedition.

Scenic Beauty

One of the most captivating aspects of Cherokee Lake is its scenic beauty. Surrounded by lush forests and rolling hills, the landscape offers a picturesque setting that seems straight out of a postcard. Whether you’re admiring the vibrant hues of fall foliage or basking in the warm glow of a summer sunset, every moment spent at Cherokee Lake is a feast for the senses.

Wildlife Watching

Nature enthusiasts will delight in the diverse array of wildlife that calls Cherokee Lake home. From majestic bald eagles soaring overhead to playful otters frolicking along the shoreline, the lake is teeming with animal life waiting to be discovered. Keep your camera ready, as you never know what fascinating creatures you might encounter during your visit.

Planning Your Visit

Cherokee Lake is conveniently located near Murphy, North Carolina, making it easily accessible for visitors from near and far. Whether you’re planning a day trip or an extended stay, there are plenty of accommodation options available in the area, ranging from cozy cabins to family-friendly campgrounds.

Before embarking on your adventure, be sure to check local regulations and obtain any necessary permits for fishing or boating activities. Additionally, remember to respect the natural environment and leave no trace of your visit to ensure that Cherokee Lake remains a pristine paradise for generations to come.

Conclusion

In a world filled with hustle and bustle, Cherokee Lake offers a welcome respite—a tranquil oasis where time seems to stand still and worries fade away. Whether you’re seeking outdoor adventure, peaceful relaxation, or simply a connection with nature, this hidden gem in Murphy, North Carolina, promises an unforgettable experience. So pack your bags, embark on a journey of discovery, and let the serene beauty of Cherokee Lake captivate your heart and soul.

 

Hey there, this is John Poltrock with the Poltrock team at Re/Max, your number one real estate team. And I’m excited to share with you that we are your number one team yet another year running. We were able to serve 233 families who trusted us with the sale of their property. I can’t tell you how much I appreciate you for giving us business, sending us business, referring us. You are the heart and soul of our business, so thank you for that. And I want to share with you in this Sold Show what’s happening in the real estate market as a whole.

Before I jump into that, I would love your help. We need real estate agents or people that you think would make amazing real estate agents to join our team and help us best serve our clients. We’re growing and we definitely need help. So if you know someone or can think of someone, real estate agent now or not, that you think would make a great person to fit our team, please send them my way.

So be thinking of that. Now, let’s jump into real estate. What’s happening in there? How did 2023 go? What’s going to happen in 2024? It’s an election year. All these things are running in people’s heads and I’ve got all of our stats and figures and all the stuff that I nerd out on and I’ll put a lot of this in the link below if you’re one of our subscribers. If you’re not one of our subscribers, be sure to go to our website, ThePoltrockTeam.com and add yourself to this list that way you get all these great stats, all the sold properties and a lot more information than what you find on the internet with this video.

So, that being said, last year, 2023, finished out down in comparison with what it has in the past. 666 houses sold in the year That’s an odd number, but that’s what sold in the year. In 2022, 759 houses sold. And before that, and the record that has ever been set here was 812 houses sold in the year of 2021. That is staggering. We may not meet that number ever again. Who knows? But it has trended down just a little bit compared to what we saw in that hike and getting back to a normal, healthy market.

Now, what’s interesting is when I compare what happened as far as stats over those years, 2023 finished out really strong. You’ve got a total supply of three months of inventory. That means that we’re still in a seller’s market. Inventory is short compared to what it has been.  The average house price finished out at $314 ,079. That is little changed from the prior year, which was $311,380, which was a percent or less of difference. So prices are staying very, very stable compared to what we’ve seen.

Now what’s interesting is sellers are trying to ask for more. The average asking price this past year was $322,958, but the year prior was $304 ,900.  So, sellers are getting a little bit higher of a spread versus what they’re getting. And that shows up in the list to sale ratio. It’s come down a schmidgen, but not a lot. On average, our sellers are getting 97.19 % of what they’re asking for in their price. And last year, year, or the 2022 I should say, was just over almost 98%, not quite. So it hasn’t changed much. It’s holding very, very stable.

Now, what I thought was particularly interesting is I jumped in, I said, okay, that’s what last year did. What should we expect for 2024? You know, this is an election year. What’s gonna happen? So when I ran the numbers on exactly what happened for 2023, all the way through January 1st, or February 15th, right now, we are down 7.53 % in new listings, about 7.53 % in new listings. That means that people are not putting their houses on the market in the same volume that they did.

Pending sales are only down 7%. That’s almost a negligible amount at all. What’s interesting though is that actual closed sales, meaning the transaction happened, recorded at the courthouse, it’s done. That’s down almost 23%. That’s a pretty substantial number. Only 47 have closed in 2024 with 61 that would have closed in this same time frame in 2023.

Median sales price right now is sitting around $299,800 and closed volume is right at $15 million dollars down almost a similar number of 22.45%. Days on market is ticking up compared to what it had last year. We’re right now sitting on an average of 170 days on market so far this year compared with last year at 125, which has been normal and steady and pretty solid for years prior to that. So these are all these changes that we’re making, but what I’m wondering is, is how does that stack up compared to an election year?

Well, interestingly enough, I decided to pull back some of our archives going back to the volume of houses that have sold compared to an election year and the year prior. What I thought was fascinating and honestly didn’t expect is that on average, years go up an election year is 10.8% higher than what it was the year before. So typically speaking and looking forward, if we match history, we’re going to go up this year in terms of total volume. So do expect another good year. Don’t care what side of the political fence that you fall on, it’s just stats and numbers, my friend. That’s how it looks like it’s gonna be.

So that being said, there’s so much more I’d love to share with you. If you have questions about your property and how all of this relates to your specific house or property feel free to give me a call. Shoot me an email at johnpoltrock@gmail.com and we will absolutely be here to help you every step of the way when you get ready to sell your property or if you just like a market update and to know what specifically is happening for you.

Thank you. Thank you for everything you do for us. Please continue to recommend us, refer us. And again, if you’re a subscriber, I’ve got all kinds of goodies right below plus one of the worst floods that I’ve ever seen in my entire career in a house with a burst pipe that is a wild video to watch. So if you’re not a subscriber, be sure to jump on the PoltrockTeam.com request to get yourself at it and we’ll send that to you and know that we are always here for you. Thank you for choosing the Poltrock Team. Take care.

In the competitive world of real estate, recognition is a testament to hard work, dedication, and excellence. We are thrilled to announce that The Poltrock Team has been honored with the prestigious Gold Award by the Mountain Lakes Board of Realtors for the year 2023. This accolade is particularly meaningful as only 13 out of 222 members received this esteemed recognition, placing us in the top 5% of all board members.

Achieving this milestone is a testament to the relentless commitment and unwavering determination of our team. Day in and day out, we strive to deliver exceptional service, exceed expectations, and achieve outstanding results for our clients. Winning the Gold Award based on the number of transactions is a reflection of our team’s exceptional performance and dedication to excellence in the real estate industry.

We are incredibly grateful for the trust and support of our clients, whose confidence in our abilities has propelled us to this remarkable achievement. Whether buying or selling a home, our clients’ satisfaction and success are always our top priorities. We are deeply thankful for the opportunity to serve our community and help individuals and families achieve their real estate goals.

As we reflect on this milestone, we are filled with gratitude for our hardworking team members, whose dedication, professionalism, and expertise are the driving force behind our success. Together, we have overcome challenges, embraced opportunities, and consistently delivered outstanding results for our clients.

Looking ahead, we are excited about the possibilities that the future holds. With our proven track record of success and unwavering commitment to excellence, we are confident that the year ahead will be filled with even more achievements and milestones. We cannot wait to continue serving our clients, forging new relationships, and making a positive impact in the real estate industry.

Whether you’re looking to buy or sell a home, we invite you to experience the difference of working with The Poltrock Team. Contact us today to learn how we can help you achieve your real estate goals and make your dreams a reality. Thank you for your continued support, and here’s to another great year ahead!

After owning our Murphy, North Carolina home for some time, we decided to put the property on the market. We began to look for a realtor with a track record of getting results.

We found out about The Poltrock Team by receiving one of their refrigerator magnets in the mail. Based on their knowledge of the local market, and their high number of sales, we asked this market-leading real estate agency to sell our home.

After we completed the listing paperwork, The Poltrock Team’s Listing Coordinator arranged for professional real estate photography for our home. Next, she placed our home on the MLS. Our real estate agent brought us a buyer, and we proceeded to a timely closing.

Overall, we had a very good real estate experience. The Poltrock Team is very professional, and they are also very knowledgeable about pricing. They provided good advice on pricing our home for sale. And, they are dedicated to great customer service.

We would give The Poltrock Team a “10” for their outstanding real estate client service. We would absolutely work with them again.

Craig and Debbie Horton

Vidalia, GA