High Country Association of REALTORS News

Why Buy Now: Real estate sales up in February 2012

The High Country real estate market continues to see modest growth, with home sales increasing while time houses sit on the market decreasing. That’s according to the monthly real estate report by the High Country Association of Realtors, which monitors sales activity in Ashe, Avery and Watauga counties.

There were 65 homes sold in February, a 12 percent increase over sales during the same month last year. It’s also a month-to-month increase over January, when 55 were sold.

“Traditionally the first few months of the year are the slowest,” said Laurie Phillips, executive officer of the 600-member High Country Association of Realtors. “This year’s mild winter may have played a major part in the market increase from last year’s numbers.”

“We are optimistic that these numbers suggest 2012 may be stronger than last year,” she said.

The median price of a home sold in February was $235,000, a 30 percent increase over that time a year ago. The median price in February 2011 was $180,950.

So far in 2012, 120 homes have been purchased in the High Country area. That’s a slight increase from the same two-month period last year, when 113 homes were sold.

More striking is the reduction in average days a home has spent on the market. This time last year that figure was 306 days. It was 254 days the past two months.

Now's the time to invest in the High Country. With the weather warming, new treasures can be enjoyed.

Ashe County near Jefferson