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Western NC Mountain News

Highlands, Cashiers, Sapphire, Glenville, and Lake Toxaway, NC News

Wonder what is happening in the mountains of Highlands and Cashiers?  Stay tuned.
Local Economy ends with three positive quarters for 2009.  This is great news for Western North Carolina.  We hope this trend shows that we are on a positive spiral up.  The local businesses were very pleased with their holiday season.  Although slow, the bulding industry also sees some pick up.  Seeing the winter that we have had, local unemployment has been a bit higher due to the lack of ability to get out and get things accomplished.
Winter Snows
It just keeps on falling.  For those coming to the mountains to see snow.  This winter was not one to disappoint anyone.  The week it snowed between 4-7 inches in the area.  Asheville was hit hardest with their 9".  This continued their trend of having the heaviest snows this winter for the area.  January snows left many without power.  Over $50,000 was spent by the city of Highlands in January restoring power alone.  The cost of keeping the area roads cleaned during February has yet to be published but am sure will be a big number the local budgets won't like.  Since January Highlands has received  a 26+ inches of snow.
Ski Sapphire, the local ski slope at Sapphire Valley has seen record attendance.  Fun for all ages.  If you don't like to ski, try their winter tubing.  It is fun. They just had their annual Outhouse Races which was a great success with the proceeds going to local charities.
Happy Birthday to our local Boy Scouts! Boys Scouts have helped our young men develop and experience life over the past 100 years.  It truly is a worthwhile organization.  Our local troop will be doing various activities during the year to celebrate.
March Ski.   The snow couldn't be better! Join in the fun either skiing or try out the tubby.  Located at the Fairfield Sapphire Valley Resort.  If staying in the resort, a condo, or a Holly Forest home.  Don't forget your swimsuits for that dip in the heated indoor pool to ease those sore muscles.  Check out the schedules at SkiSapphire.  828-743-7663.  Lessons are availabile.  Call to verify times.
March 4  Literacy Bingo Sponsored by the Rotary Club of Highlands. Community Bld. 6:30-8:30pm.
$1/card. 15 games. Family entertainment.
March 6  Chef King of the Mountain. 4 Chefs creative cooking contest using a fixed set of ingredients.     Watch the preparation at 4 pm  Then enjoy their results with a  7:30 pm Dinner.  Cyprus Restaurant Hwy 106 S. Highlands 828-787-2625.
March 5-7th   Dixie Swim Club College team mates meet 22 years later on their annual trip to the Outer Banks to compare their lives.  Martin-Lipscomb Theater Fri. Sat. 7:30 pm.  Sun. Matinee 2:30pm.
March 8th  Weekly Art School Saturdays at the Bascom for kindergarten through grade 8.  10 am to noon.  The Bascom
March 13th. Sat.  Monte Carlo Night Come test your skills at cards and games. Food, and an auction are part of the fun evening as well.  At $40/person that is a great evening of fun.  The 40 includes $15 of play money.  Sponsored by the Highlands  Rotary Club Highlands Community Building. 828-526-3571.
March 17th.  Celebrate St. Patrick's Day. Wine, dine and dance with the Irish.  Old Edward's Inn Barn.
March 26th-28th Girlfriends Weekend.  Take that weekend away with your girlfriends.  Come shop, wine, and dine with your friends in Highlands.  Inn at Half Mile 828-526-8170
May 1,  Sat. Tour de Cashiers Plane ahead.  Get in shape for the mountain trek. Cashiers Village Green.  9 am.  Reg. opens at 7:30.  Assemble at 8:45 For registration and additional info.  New mailing address PO Box 523  Cashiers, NC 28717
HIGHLANDS CASHIERS BOARD OF REALTORS – HOMES SOLD FOR 2009
The data for the home sales for 2009 is shown below. These figures were taken from the Highlands Cashiers Board of Realtors Report.

The median number is always the middle number when you have a set of figures shown in numerical order. There are as many numbers below as above this number. DOM stands for Days on the Market.

As far as financing, half of the homes sold on the market in ’09 were sold for cash, and half were financed.

The large number of days on the market may depend on when the home is put on the market. A home must also be priced correctly. If not, it will be on the market much longer. The market is actually set by the buyers and what they are willing to pay. Location, water, view, age, and the size of home site will also determine the price a home can bring.

In today’s market we are seeing a few short sales. This means that the price of the home that is being sold is less than the value of the mortgage on the home. Both the seller and the mortgage holder will make the decision whether an offer is being accepted.

For a list of current homes or land that is classified as short sales or in foreclosure, click here
To see current homes on the market, click on: Highlands, Cashiers, Sapphire, Glenville, Lake Toxaway,

Brevard, Hendersonville, and Asheville.

For water front communities, click here.

To have NCMountainLife.com help you price your home or for a CMA, click here.

Selling Range - Closed Units by Bedrooms

From

Thru

1 or 2

3

4+

Total

Average DOM

1

19999

0

0

0

0

0

20000

39999

1

0

0

1

69

40000

59999

3

1

1

5

156

60000

79999

1

0

0

1

200

80000

99999

3

1

0

4

200

100000

119999

3

1

2

6

95

120000

139999

2

3

0

5

306

140000

159999

2

1

2

5

61

160000

179999

9

7

0

16

291

180000

199999

1

6

1

8

280

200000

219999

2

3

0

5

141

220000

239999

3

8

0

11

294

240000

259999

3

2

0

5

238

260000

299999

2

9

1

12

164

300000

349999

3

13

1

17

343

350000

399999

2

15

1

18

278

400000

499999

7

28

7

42

295

500000

999999

8

50

24

82

311

1000000

999999999

1

14

32

47

268

Total

56

162

72

290

274

Price by Bedrooms

1 or 2

3

4+

Total

Sell Price Volume

$16,841,000

$85,027,120

$84,964,006

$186,832,126

List Price Volume

$18,795,300

$99,235,640

$102,423,156

$220,454,096

Average Sell Price

$300,732

$524,859

$1,180,056

$644,249

Average List Price

$335,630

$612,566

$1,422,544

$760,187

List/Sell Ratio

90%

86%

83%

85%

Median List Price

$254,900

$484,950

$1,195,000

$499,500

Median Sell Price

$225,000

$439,500

$950,000

$461,500

Days on Market for Units Closed in 2009

Types of Financing for Units Closed in 2009

From

Thru

Units

Type Financing

Units

0

30

38

Conventional

128

31

60

34

Other

14

61

90

23

Owner Finance

6

91

120

22

Cash

136

121

180

31

181

365

50

366

720

68

721

99999

24

Total

290

 

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