For the First Month of 2023 the High Country MLS reported that in the four county jurisdiction of Ashe, Avery, Alleghany, and Watauga counties, there were 106 closed sales for Single family, including Condos and Townhouses. Sales are down from December, however that is expected this time of the year. The Median Sales Price for January for our four counties was $444,950.00, and Median Days on Market is inching up at 64 days.
REALTORS® in the High Country MLS reported a total of 126 Single Family, including Condos and Townhouses sales for January for all areas listing in our MLS. The combined sales total was $71.8 million.
According to Domus Analytics, “The recent shift in mortgage rates has made monthly payments even higher, and pricing is generally still above pre-2020 levels in most markets. There doesn't seem to be much overlap between prices buyers are willing to offer and what sellers will accept.”
INVENTORY: During the month of January there were 140 new Single Family, Condo, and Townhouse listings coming onto the market contributing to an active inventory of 396 listings. The Months’ Supply of Inventory is at 3.7 months.
LAND: Land inventory numbers for the High Country jurisdiction is much greater at 155 new Land listings coming onto the market during the first month of 2023, and contributing to an active inventory of 1,526 Land listings. The Months’ Supply of Inventory for land is at 27.2 months. January saw fifty-six closed Land Sales and the Median Days on Market show 137 days for Land.
COMMERCIAL: During January there were four Commercial Sales reported to the High Country MLS for a combined sales total of $771,000. Currently there are 53 Commercial listings in the High Country MLS.
ALLEGHANY COUNTY: During the month of January there were 10 closed single family sales for Alleghany totaling $4.4 million.
ASHE COUNTY: January closed with 23 sales of single family properties in Ashe totaling $8.2 million.
AVERY COUNTY: There were 27 closed single family sales for Avery properties and those totaled 19.1 million.
WATAUGA COUNTY: 46 single family sales for Watauga properties totaled $31.5 million for January.
Disclaimer: Figures are based on information from High Country Multiple Listing Service. Data is for informational purposes only and may not be completely accurate due to MLS reporting processes. This data reflects a specific point in time and cannot be used in perpetuity due to the fluctuating nature of markets.
Report graphics generated from Domus Analytics pulled from the HCAR RETS feed. HCAR Realtor® members can access these detailed and customizable reports and graphics for professional use by logging into the HCAR dashboard - Info Hub A public graphic is available on our website homepage at highcountryrealtors.org.