Welcome to our very first Real Estate Sold Show of 2020! If you’ve been wondering how the new year is kicking off for the real estate market in Cherokee County, NC—this quick market recap has all the answers you need.
At The Poltrock Team, we’re proud to continue being Murphy’s #1 real estate team, and we’re already seeing some exciting trends that could make this a fantastic year for sellers and buyers alike.
A Strong Start to the Year
Right out of the gate, 2020 is showing serious momentum in Cherokee County’s real estate scene. From Murphy to Marble, Andrews to Brasstown, and every beautiful mountain community in between—activity is on the rise.
And there’s more to celebrate: for the fifth year in a row, The Poltrock Team was voted Best Real Estate Agent in the Cherokee County Readers’ Choice Awards. Thank you for trusting us to serve you—we’re honored and grateful for your support.
Fast Sales, Higher Prices
Here’s a highlight that makes this year’s Real Estate Sold Show extra special: we now sell a home every 32 hours. That’s faster than ever before, and it’s all thanks to our clients’ trust, your referrals, and our hardworking team.
Last year, the average price per square foot for a home in Cherokee County climbed to $113.88, continuing the upward trend in property values. While every home is unique, this is a great benchmark for sellers who are curious about pricing.
Even better, the average list-to-sale price ratio across the county was just over 96%—but our team outperformed that with a 98.01% average, helping sellers make more money on every transaction.
Limited Inventory Means Opportunity for Sellers
As of early 2020, there are only 247 homes on the market in Cherokee County. That means inventory is low and buyers don’t have many options—creating a strong seller’s market.
While many homeowners wait until spring to list, those who act now will stand out and attract motivated buyers. If you’re thinking about selling, this is the perfect time to beat the spring rush.
What About Land Sales?
Land is a different story—right now, there are 731 parcels available, and the market is averaging 14 land sales per month. That equals a 52-month supply, making it a buyer’s market for land. But even here, we’re seeing steady improvement, especially with larger tracts.
If you own land and want to know what it’s worth, we’d love to help you understand current trends and your property’s potential in 2020. Our Real Estate Sold Show of 2020 reveals that this year is already shaping up to be full of opportunity, especially for home sellers ready to take advantage of low inventory and high demand.
Thinking about selling your home or land in Cherokee County? Let The Poltrock Team put our experience and proven results to work for you.
Be part of the 2020 Real Estate Sold Show—work with trusted realtors in Murphy NC to sell your home or land today.