 |
| October 2009 |
Phone: (828) 685-8602 Fax: (828) 685-9627 2968 Chimney Rock Road Hendersonville, NC 28792 Website: www.apple-country.com Email: info@apple-country.com |
Market and TrendsCurrent MLS statistics show sales in the $140,000-$150,000 price range and in the $200,000-$249,900 range to be selling much faster than homes in other price ranges. This trend is most likely a product of the current influx of first time homebuyers wanting to take advantage of the Federal Tax Credit before it expires.The graph below shows units sold by price for the Western North Carolina Regional MLS system. As one can see the most home sold are in the $100,000 -$199,999 price range with the next highest sales numbers in the $200,000 to $299,999 range, with sales numbers dropping off exponentially as we approach the upper price ranges.  This next graph shows Inventory vs. Sold for year to date single family residences in the Western North Carolina MLS. As one can see the difference between the sold and listed totals is still substantial showing the current market is still a buyers market, with lots of inventory. However, looking at the trend for 2009, it appears that over the last couple of months we are starting to inch back up on the number of sold transactions, actually equaling 2008 totals in July. I would expect these numbers to possibly exceed 2008 tallies for the month of October and possibly November with many first time homebuyers closing on transactions currently under contract in order the make the November 30th tax incentive deadline.  The $8,000.00 Federal first time home buyers incentive will be expiring on November 30th. If you have not owned a primary residence in the past three years you may qualify for this federal incentive. Give our office a call and we can discuss the different option with you or you may go to our web site and print the IRS form to see if you would qualify. You must close and take possession of the property prior to November 30th of this year. This is a great program for those that qualify and we have seen an insurgence of home purchases under $200,000 from this program to the point that homes in the $150,000 range are getting a lot of attention right now. If you feel you may qualify for this program do not delay, this may be one of the best incentives we have seen in years for those that qualify, but time is running out. Interest rates are still low and there are some special programs out there right now with low down payments. Give us a call for details. Activity levels seem to be picking up with potential buyers feeling more comfortable with market conditions. We have seen showings and general activity levels show continuing signs of steady increase over the past couple months. |
Thank you for your interest in the real estate market in Hendersonville.
Apple Country Realty is ready to serve you in all your real estate needs.
2968 Chimney Rock Road | Hendersonville, NC 28792