July’s SOLD Real Estate Market Update Report for Murphy NC

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 22nd. 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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            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.

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