Cashiers NC Real Estate On the Upswing

The Highlands Cashiers Board of REALTORS sales statistics for homes in the Cashiers, Highlands, Lake Glenville, Sapphire Valley and Lake Toxaway areas are very impressive year to date for 2015.

As of June 5, 2015, here is a quick snapshot of home sales reported in the HCBOR Multiple Listing Service:  

Statistics
(163 listings)
 LowHighAverageMedianTotal
List Price$59,900$2,999,000$614,465$428,500$100,157,734
Selling Price$55,000$2,500,000$543,666$385,000$88,617,582
Sold/List(%)58.32%116.44%89.56%90.91%--
Days on Market02665471298--

 

Here is a quick snapshot of the same time period from 2014:

Statistics
(110 listings)
 LowHighAverageMedianTotal
List Price$27,900$9,995,000$684,200$379,500$75,262,000
Selling Price$16,000$8,000,000$595,478$343,250$65,502,620
Sold/List(%)57.35%109.33%89.05%90.29%--
Days on Market12282419310--


There have been approximately 60% more homes sold year to date with a gross dollar volume increase of 50%.

 

The average and median home prices are slightly down, but as inventory diminishes, look for home prices to rise. 

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