HIGH COUNTRY — The High Country real estate market of Alleghany, Ashe, Avery, and Watauga counties saw sales down 8.7%, and inventory climbed 23.9% during August compared to August 2023, according to the High Country Association of Realtors monthly report.
In August, 210 closed sales were on single-family and condo/townhouse properties, for a combined closing total of $135 million and a combined median sales price of $469,500.
Inventory: Alleghany, Ashe, Avery, and Watauga Counties had 789 active single-family and condo/townhouse listings during August, with 283 new listings coming onto the market. That is a 3.8 supply of inventory, down 8.6% compared to July 2024.
Land: The four counties had 1,484 active land listings during August, a 21.5-month supply of local land inventory. That is slightly up compared to July 2024. Land sales for August were $12.9 Million, with the largest sale in Watauga County, which was $3 million.
Commercial: Currently reported to the High Country Multiple Listing Service, 43 commercial properties are listed, and five commercial sales within the four counties combined in August for $1.5 million.
Watauga County: Realtors closed on 91 residential properties in August, and that median sales price was the largest in the four counties, at $525,000. There are 340 active residential properties in the county. There were 31 land sales, and the median sales price was $150,000. There are currently 509 active listings for land in Watauga County.
Ashe County: Realtors closed on 51 residential sales for August, and that median sales price came in at $375,000. There are 119 active residential properties in the county. There were 22 land sales for August, and the median sales price was $50,000. There are currently 423 active land listings in Ashe County.
Avery County: Realtors closed on 53 residential properties during the month, with a median sales price of $405,000 for August. There are 259 active residential properties currently. Avery County had 10 land sale closings in August, with a median sales price of $111,250. There are 299 active listings for land in Avery County.
Alleghany County: Realtors closed on 15 total residential sales. The county’s median sales price for August was $385,000. There are currently 71 active residential listings in the county. Six land closings came in August, with a median sales price of $14,750. There are currently 253 active land listings in Alleghany County.
Nationally: According to a recent report from National Association of Realtors® President Kevin Sears, “The Federal Reserve’s revised Basel III proposal is a win for the housing market, Realtors®, and consumers. By making it easier for banks to support low down payment loans, these changes should ensure continued access to affordable home financing. The proposal laid out by the Federal Reserve also recognizes the strength of changes made more than a decade ago to regulation and oversight of the housing-finance industry in the wake of the subprime crisis. We applaud the Fed for this thoughtful adjustment, which ultimately reflects a commitment to a healthy housing market and reinforces the stability we’ve worked hard to achieve.”
Disclaimer: Figures are based on information from High Country Multiple Listing Service. Data is for informational purposes only and may not be completely accurate due to MLS reporting processes. This data reflects a specific point in time and cannot be used in perpetuity due to the fluctuating nature of markets. Report graphics generated from Domus Analytics pulled from the HCAR Web API feed. HCAR Realtor® members can access these detailed and customizable reports and graphics for professional use by logging into the HCAR dashboard. A public graphic is available on our website homepage at highcountryrealtors.org.
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