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News for Cashiers, NC - February 26th, 2014 1:17pm
Why wait any longer to reach for the home of your dreams? Old Cashiers Realty invites you to join the growing number of families and investors who have discovered the natural beauty of the Highlands-Cashiers Plateau, as well as the lasting value of homes and property in the Blue Ridge Mountains of Western North Carolina. If you currently own a home in Cashiers, Highlands, Sapphire, Glenville or Lake Toxaway — and are considering making a move to another corner of the world — we encourage you to select Old Cashiers Realty as your listing partner. We take great pride in successfully matching buyers with sellers and dreamers with dream homes.

News for Cashiers, NC - March 10th, 2011 12:17pm
Residential Home sales in the Cashiers, Glenville, Toxaway, Sapphire IE Highlands Cashiers Plateau have improved over last two years with a 30% increase in closed sales.

News for Cashiers, NC - Friday April 9th, 2010 5:35pm
U.S. - Pending home sales show healthy gain, hint at spring surge
WASHINGTON - April 05, 2010 - Pending home sales rose in February, potentially signaling a second surge of home sales in response to the homebuyer tax credit, according to the National Association of Realtors® (NAR).

The Pending Home Sales Index (PHSI) a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January. The Index is 17.3 percent above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.

Lawrence Yun, NAR chief economist, says the improvement is another hopeful sign. "The rise in buyer contact activity may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten," he says. "We need a second surge to meaningfully draw down inventory and definitively s...
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News for Cashiers, NC - Monday March 8th, 2010 2:55pm
Market Conditions for Cashiers, North Carolina

Reported by T. C. Lewis & Co. Properties, Realtors/Contractors

Updated February 24, 2010.

The real estate in Cashiers, as in many areas of the Appalachian Region of Western North Carolina, has been on a steady rise for many years, and nothing seems to be able to derail it. For investors and people looking for second (third, fourth) homes, this place is a gold mine. You can always expect a return on your investment in the coming years. And, don't be surprised if you see a movie star or the head of a Fortune 500 company in any of the restaurants in Casheirs, Highlands, or nearby Sylva.

ZIP Code: 28717

Approximate Location Boundaries: Southern Jackson County in North Carolina

Location Characteristics: Combine the drastic granite dropoffs of the Blue Ridge escarpment with more than 80 inches of rain a year and something dramatic is bound to happen. A...
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National Market Conditions
2018 1st Quarter Market Report: Home Sales Steady - Prices Continue to Rise

The 1st quarter of 2018 ended on a good note with March existing home sales only down slightly over last year, and with 2018 home sales expected to exceed 2017 excellent year. Home Prices in 2018 continue to rise, increasing 5.8% over the end of March last year.

The most notable change in the 1st quarter was an increase in seller activity. Our survey showed that in 46% of the markets surveyed there were still more buyers than sellers, but a decrease of 27% from March 2017. Additionally, 17% of our markets surveyed showed more seller activity than buyer activity, an increase of 8% over last year. The remaining 37% of the markets showed an equal amount of buyer and seller activity which was an increase of 19% over last year. The increased activity, however did not ease the tight inventory 73% of our markets showing a very tight supply of homes available for sale. Home prices are also on the rise with 86% of markets showing price appreciation in the last year.

According the National association of Realtors (NAR) existing home sales in March were down 1.2% over last year, but annual sales are expected to hit 5.6 million units compared to 5.1 million in 2017; inventory of unsold homes is at a 3.6 month supply and 46% of all homes sold in under one month.

The data in this report is generated primarily from our survey of HouseHunt.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.

Buyer and Seller Activity
The trend in both buyer and seller activity is up significantly in the 1st quarter of 2018 compared to the buyer and seller activity from last year. Buyer activity is steady or increasing in 94% of the markets surveyed and decreased in only 6% of the markets surveyed indicating a significant 8% increase in activity from Spring 2017. Simultaneously the trend for seller activity posted a solid 10% gain in the 1st quarter of 2018 with 85% of the markets indicating steady or increased seller activity compared to 75% of the markets at this time in 2017. Despite increased seller activity there are still more buyers than sellers and homes are selling quickly. In fact, according to NAR inventories have decreased to 3.6 month supply compared to 3.8 months in March of 2017. A balanced "normal market" is considered to be a 6 month supply of homes for sale.

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Summer 2019 Market Update
If you can qualify, now is an exceptional time to buy a home in Cashiers. Call now for more information at 828-507-3156
Average Sold Home Price: $650,000

Average Time on Market: More than 120 days

Best Selling Price Range: $450,000 - $499,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: Decreasing

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Increasing

Multiple Offers? No

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Comments on Financing For Qualified Buyers: Call Ken for additional mortgage information

Housing Inventory: Good Supply

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Good economic news

Nearest Metro Area: Asheville NC

Housing Hot Spots: Whisper Lake, Cullasaja Club, Mountain Top Lonesone Valley, Cedar Hill,Holly Forest, Spring Forest, Still[point, Whiteside Cove

Contact Information
Kenneth Fernandez ABR
828-507-3156
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Real Estate Professional, Kenneth  Fernandez ABR Kenneth Fernandez ABR
Old Cashiers Realty, Inc.
Specializing in Cashiers Real Estate
16 Old Cashiers Square - P.O. Box 1582
Cashiers, North Carolina 28717
828-507-3156
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Kenneth Fernandez ABR for current Cashiers, NC market conditions before acting on this information.)
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