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CONTACT: 626 Puncheon Fork Rd, Mars Hill, NC 28754

EMAIL: Info@BlackBearRE.com         TEL: 828-689-2055         FAX: 828-689-5206

 

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Big Picture Data: Closings Thru 01/31/2010

Market 10 Yr Avg 2006 2007 2008 2009 2010

YTD

# Active

Listings

Madison County

Homes

Land

 

179

178

 

208

360

 

170

180

 

110

81

 

85

44

 

4

0

 

273

534

Yancey County

Homes

Land

 

58

34

 

120

118

 

104

68

 

77

19

 

68

10

 

3

2

 

251

195

Wolf Laurel

Homes

Land

 

42

50

 

47

153

 

30

40

 

16

8

 

16

6

 

1

0

 

78

65

Mars Hill

Homes (1 acre max)

Land

 

46

105

 

54

199

 

45

87

 

23

21

 

17

21

 

1

0

 

76

243

Totals

Homes

Land

 

237

212

 

328

478

 

274

248

 

187

100

 

153

54

 

7

2

 

524

729

Commentary

Demand: We saw the slightest increase over the last half of 2009, approximately 3.4% up from the lows.  2010 however is off to a poor start.  It is tempting to attribute this to remarkably bad weather, the kind not seen here in 30 to 50 years.  Time will tell.

Supply: Inventories are in a state of flux.  Dozens of listings have expired in the last month, only partly renewed.  Combined with the poor demand in January, any expression of inventories in terms of months of supply is fairly meaningless at this point, in our opinion.

Source: Regional MLS, deemed reliable, not guaranteed.

Last Updated: 01/31/10

Big Picture Chart Archive: Previous Charts Located Here.

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Contact: Info@BlackBearRE.com

 

 

 

Black Bear Realty, Inc

 CONTACT: 626 Puncheon Fork Rd. Mars Hill, N. C. 28754

EMAIL: Info@BlackBearRE.com  TEL: 828-689-2055  FAX: 828-689-5206

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