September – Best Month for Real Estate Sales in Murphy NC

Wow! It’s hard to believe that it’s October already! There are so many things going on in the world of real estate right now – which is great! It seems like it’s been forever since the last Bi-Weekly update. Since we began this column in Murphy’s newspaper – The Cherokee Scout – it threw a curve ball in the “release” of our update. We’re working on getting that in sync now, so please pardon the delay.

October brings several wonderful things! Be sure to remember The RE/MAX Client Appreciation Picnic is next Saturday from 4-8! BE SURE TO COME!!! If you think you can make it and haven’t confirmed already, please let us know – we’d love to have you!
Fall appears as its going to be early this year, so be sure to enjoy while its here!
On to real estate! September was a tremendous month. It proved to be the best September in the past 3 years. An astounding 63 properties sold in a one month period – and by anyones calculations – two per day is phenomenal! Also not reflected in these sold properties, United Community Bank (UCB) did an online auction that yielded quite a few sold properties – lots sold from a mere $2,000 to $8,000 in several instances.

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 and join our SOLD Update!


SOLD Home Statistics in Murphy NC for September
(40 listings)
  Low High Average Median Total
List Price $40,000 $299,900 $172,424 $165,000 $6,896,950
Selling Price $40,000 $300,000 $152,836 $143,500 $6,113,432
List/Sold(%) 59.93% 100.09% 88.44% 89.78%
Price/SqFt ($) $0.00 $146.34 $43.22 $0.00
Days on Market 16 701 233 175
SOLD Land in Murphy NC Statistics
(23 listings)
  Low High Average Median Total
List Price $12,500 $215,000 $60,691 $39,900 $1,395,900
Selling Price $10,000 $185,000 $51,447 $29,100 $1,183,270
List/Sold(%) 37.93% 209.80% 83.63% 81.08%
Days on Market 113 648 301 190
Note the interesting phenomena on the lowest SOLD percentage of list price – Land reached as low as 38% of list and homes as low as 60% indicating some steep discounts (or high overpricing) on homes sold. There’s a direct relation between over pricing a home in today’s market and an extreme high time on market. In fact, the high time on market was an astonishing 701 days! If you don’t want to have an extended time on market like this, ensuring your home is priced competitively in the market is of the utmost importance. If you want a review of your property to see if any adjustments are necessary, give us a call or email and we’ll do the work for you.
We have seen a lot of offers thrown out there – in fact The Poltrock Team alone closed 13 transaction sides in September. We’re still seeing some of the Offers to Purchase come in extremely low and did not fly – we had offers as low as 33% of listing price. This was what I call a “Vulture” offer – folks offering ridiculous offers to see what they could get away with. Even with this happening, most of our buyers realize value even today, and that is perfectly indicative of the market. In fact the highest list to sell ratio was 100.09% of asking price – this means someone paid slightly more than asking price to ensure they bought the property.
Real estate is currently on the rise! Keep your fingers crossed and say your prayers for consumer confidence to continue to rise and for people to buy homes and land in the mountains of Murphy, NC!
As always, we thank you for the opportunity to work for you. We work hard every day and work 60+ hours per week for our clients and would love to work for you and your real estate referrals.
If you have any questions or anything we can do for you, please CONTACT US! Thank you for your business and trust. If you know of anyone looking to buy or sell real estate anywhere in the United States, please give us their name and number and we will take care of them to make certain they get the best service no matter where they are.
Written By: John Poltrock, Certified Residential Specialist – – The POLTROCK TEAM at REMAX Mountain Properties – Murphy’s #1 Real Estate Team – Contact us Today Toll Free 1-866-687-7496
Read previous editions of our Murphy NC Real Estate Market Update and Report.

The Poltrock Team’s Murphy NC SOLD Real Estate Update for June 22, 2009

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 and join our SOLD Update!

Here are some statistics over the past 14 days:
–      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

–      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.

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