What’s Happened to the Value of My Real Estate in Murphy, North Carolina?

Real estate in Murphy NC, as for most of the United States, is a high topic of conversation. Whether it’s about an individual home or land or the prices of them, you can expect to hear about it at any local hangout. Now, most folks don’t walk around and openly say, "my home is worth a gajillion dollars," but they do watch what’s selling and for sale in their neighborhood.What's the value of my Murphy NC Real Estate???

So it’s natural to wonder, "What’s happened to my property value over the last few years?"

Since Murphy, NC doesn’t have subdivisions with 100’s of the exact same house, it’s difficult to track a definite percentage of how much our market has adjusted. Fortunately, there’s still a good way to calculate it based on a popular style of houses. Like most areas, we do have a popular style. And nope, it’s not stucco, brick, or any of the common houses you see in primary markets. We have a popular home style called the chalet.

Because we have many chalets for sale and in turn help families buy a lot of them, we can get a rough idea of what the market has done. Without a doubt, these numbers will not apply to every home – especially unique ones. This is intended to give you a benchmark.

Market Summary





2006 to 2007 Difference

2007 to 2008 Difference

2006 to 2008 Difference

List Price




 Up 6.37%

 Down 11.68%

 Down 6.05%

Sales Price




 Up 5.26%

 Down 16.15%

 Down 11.74%

List to Sale Ratio




 Down 0.37%

 Down 5.17%

 Down 5.53%

Days on Market




 Up 99%

 Up 1.8%

 Up 102.70%

*Based on an average of all 2/2 chalets on a basement sold in Cherokee County in the given year as sold across the Mountain Lakes Board of Realtors®. You can view more market statistics on our Murphy NC State of the Market Reports.

The large and short of it is that we have seen sale prices decline about 11.74% over the last 20 months. The stock market has lost 13.3% in 2008 alone (based on the DJIA index). With that said, it appears your money is far more stable and secure in the tangible asset of real estate rather than stocks.

This chart is a great indicator as to how the market trends. The year 2007 was our transition year where values began to decline. One of the largest indicators as to this is that days on market practically doubled while prices still increased. This indicates that although there was appreciation, it took longer for buyers to find and buy homes on the market. Since days on market is remaining quite stable, it shows a strong sign our market is reaching the "trough" (or bottom) of the business cycle.

Since it looks like we’re riding the wave at the bottom of the market, now is a great time to buy. You can purchase your real estate at low prices that we haven’t seen in years. If you’re waiting for the market to go up, you’ll miss out on huge amounts of appreciation that’s in store for us soon.

Are you considering selling and want to know what this data means for your individual property? Contact your local Cherokee County Realtor® for a free market analysis to interpret what your home is now worth. If you’d like us to research it for you, please feel free to call us or use our FREE Online "What’s My Home Worth?" form. 

Are you considering buying and want to find the best buy on the market? Be sure to contact a local Realtor®. They’re the ones living and breathing real estate and you should rely on their expertise. You can also call us to find your new property or use our FREE Online "Find My Dream Home!" form.

Written By: John Poltrock, your Cherokee County Certified Residential Specialistwww.MyMurphy.comCall Toll Free (866) 687-7496 and demand The POLTROCK TEAM! – Real Estate in the Mountains of Murphy, North Carolina – Email me at JohnPoltrock@gmail.com – RE/MAX Mountain Properties

*Watch for this article in the upcoming issue of the Cherokee Scout’s Country Roads, which is the *new* real estate section of Cherokee County’s newspaper. Be sure to subscribe to the Scout newspaper and have it delivered at your home for 38 cents per week!

Chalets Are Popular in Murphy NC Real Estate. What exactly is a Chalet?

Chalets are a very popular style of homes in Murphy, NC real estate. They are the perfect styled home for capturing our renowned long range mountain views or just overlooking your estate in the woods.

According to Merriam-Webster’s Dictionary, a chalet is, “a Swiss dwelling with unconcealed structural members and a wide overhang at the front and sides.” According to Wikipedia, a chalet was originally referred to the hut of a herder. Well, things have certainly come a long way from the days of the herder to today’s first-class version.

Chalet HomeThere are several characteristics that make a chalet a chalet in Murphy:

  • Large Fixed Pane Glass Windows in the Front
  • Vaulted Ceilings
  • Open Floor Plan with the living room/great room in the front
  • A Large Loft, commonly where the master bedroom is
  • Steep Pitched roof in the front with “bump outs” over the loft with a far less pitched roof in that section
  • Covered porches on either side
  • and you’ve really got to have a fireplace 

Builders today are constantly adding their own unique twist and making each one just a little bit different. Truth is, a classic is simply a classic. Just like every home in any market, you can upgrade a chalet till you heart is content. It offers a lot of flexibility, so its a lot of fun to make it your own home.

If you are considering buying or building a chalet, here are a few considerations you should take into account:

  • Chalets with a basement (finished or unfinished) sell much better and provide you with much more usable space. Walk-out basements are common.
  • Be sure to plumb your basement and go ahead and upgrade your heat pump to handle the basement should you or someone else decide to finish it.
  • Privacy is key in the loft. If you’ll be by yourself a lot, don’t worry about this part. If you entertain a lot and your master bedroom is in the loft, you won’t have any privacy.  If you want your own privacy, upgrade a bit and get a larger chalet with a blocked off loft.
  • Dual masters with a suite in the loft and a suite on the main level is a major plus.
  • Make sure your great room is large enough. I’ve seen small great rooms devastate the sale of a home. When it doubt, add a bit of room.

Would you love to have your own Chalet in the Mountains of Murphy, North Carolina?

Then use our Murphy NC Dream Home Finder and see what’s available that fits your needs. Be sure to mention you love chalets! We have many opportunities for you!

You can even search the Murphy NC MLS of Homes for Sale directly from our website.

Do you own a chalet and want to sell it?

Then use our Home Worth form and let us do the work for you! We specialize in chalets and can put our expertise to work for you. We can share with you your home’s worth and our proactive marketing plan that will get your home sold.

John Poltrock, your Murphy NC Certified Residential Specialistwww.MyMurphy.comJohnPoltrock@gmail.comCall Toll Free (866) 687-7496 and demand The POLTROCK TEAM!!!

While in Murphy, North Carolina, It’s Fun to Visit Helen, Georgia!


One of Murphy, North Carolina’s greatest assets is not actually something in Murphy, but everything around our hometown. You’ll commonly hear the phrase that Murphy is “about 2 hours from anywhere.”

In less than that you can find yourself in the quaint little town of Helen, Georgia. It has a distinct Bavarian flair through the architectural style of practically every store and building.

It offers my two personal favorites:

Tubing down the Chattahoochee River. There’s two main companies that operate there, and we always go with the Flea Market Tuning Co. You’ll recognize their trademark hot pink tubes floating down the crystal clear river water when you get there, and for a mere $3 per person, you can’t beat it! Be sure to bring a stick like a broom handle to help navigate – it’ll save you from having to spend several more dollars. Its quite Dub and very relaxing!

Hansel and Gretel’s Chocolatier. Need I say more? Hansel and Gretel’s is a great candy shop with chocolate covered everything – strawberries, pretzels, cherries, cows, chickens and yaks. Well, just kidding about the last few, but you get the idea! They are simply put, excellent!

Those are my favorites. There’s also German cuisine, shopping at local stores, several other restaurants, horse drawn carriage rides, inns, and many other places.

Helen is a perfect excursion for the day or weekend. It’s also convenient that its an easy drive there and back so you don’t have to stay in a hotel or anything unless you want to. Typically, when the day is over with, you can jump in your vehicle and head back home to Murphy, North Carolina!

You can even visit Helen GA’s official website to learn more about the little town and another site about Helen as well.

John Poltrock, Murphy NC’s Certified Residential Specialistwww.MyMurphy.com – RE/MAX Mountain Properties – The POLTROCK TEAM – Call Toll Free (866) 687-7496 and demand The POLTROCK TEAM!! JohnPoltrock@gmail.com

Murphy NC Home for Sale in Timberwood Mountain – Top of the Mountain View!!

Here’s an amazing home for sale on the top of Timberwood Mountain Estates in Murphy, NC! It’s on top of the ridge with an amazing view! This picture doesn’t do the view justice!

Some of the best features of this home are:

  • the distinctive Timber Frame covered front porch
  • Lots of deck space to enjoy your mountain view
  • 2 Bedrooms, 2 baths
  • A full basement, complete with its own deck and poured concrete walls
  • Over 2.5 acres with over 200 feet of US Forest Service border – which also has a great mountain view!
  • Virtually new stainless appliances
  • Australian Cypress floors
  • Wood burning masonry fireplace
  • Lots of windows with lots of miles of views!!!!
  • And for more, watch the video tour and see this home for yourself as if you were walking through it!


Request an appointment to see this home in person now! Have a question and want to know more? Email me now to find out.

John Poltrock, your Murphy, NC Certified Residential Specialistwww.MyMurphy.com – JohnPoltrock@gmail.com – Real Estate in Murphy, NC – Call Toll-Free (866) 687-7496 and demand The POLTROCK TEAM!!!

Five Properties are Annexed into the Town of Murphy, North Carolina

The town of Murphy, NC continues to grow as it annexed five new properties into the city limits. They total about 12 additional acres now inside the limits. The properties that were annexed are:

  • The property where Zaxby’s Chicken joint will soon be opening (on 64 West)
  • The Big D on 64 West
  • an undeveloped parcel beside where the Sonic Drive-In is located
  • a property behind Circuit World on Andrews Road
  • The shopping center property where Monte Alban’s Mexican Restaurant is (also located there is Cherokee Well Drilling). I would expect for them to apply for a license to serve beer at their restaurant soon.

Many property owners are requesting to be annexed, as expected, as a result of the recent passing of the liquor law in the city limits of Murphy. The law allows beer sales by the glass and in retail establishments, as well as allowing restaurants to serve liquor by the drink.

John Poltrock, Certified Residential Specialist for Murphy, NC and Jessica Poltrock, Accredited Buyer Representative – RE/MAX Mountain Properties – Real Estate in the Mountains of Murphy, NC – www.MyMurphy.comJohnPoltrock@gmail.comCall Toll-Free (877) 837-3002 and demand The POLTROCK TEAM!

John Poltrock is now a Certified Residential Specialist!

Certified Residential SpecialistJohn Poltrock is now a Certified Residential Specialist by the Council of Residential Specialists. This designation and certification places him in the top 3% of all the Realtors in Cherokee County and in the top 4% of Realtors nationwide by both experience and education.

Does it cost more to buy or sell a home with Certified Residential Specialist? They may have more real estate experience and more training than the average real estate agent, but Certified Residential Specialist don’t cost any more. In fact, their expertise may actually save you time and money when your buying a home or increase your profit when you’re selling one. So when you’re looking for a real estate agent, look for a Certified Residential Specialist.

Professors have the Ph.D.
Physicians have the M.D.
REALTORS have the CRS.

John Poltrock is your Murphy, NC Certified Residential Specialist

Call Toll-Free (877) 837-3002 and demand The POLTROCK TEAM! – www.MyMurphy.comJohnPoltrock@gmail.com – Homes and Land in the Mountains of Murphy, North Carolina

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