(828) 406-0828
Leslie@EasonTeam.com
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Serving the North Carolina Mountain towns and villages of Boone, Blowing Rock,
Banner Elk, Valle Crucis, Linville and The Jeffersons
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Fall Newsletter from the
Leslie Eason Real Estate Team:
NC High Country
Market Report,
Fall Events, Homes to Enjoy!
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Fabulous Fall in the NC Mountains!
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So many people say that fall is their favorite time of year, yet many parts of the country, especially in the south, do not have a real fall season. Here in the High Country of NC, we are fall experts! People come here to experience a full season of leaves changing and events celebrating this change of seasons.
In this newsletter we have included an update on our very active Real Estate Market and some of the best events the season offers in our area. Please take a minute to look through to the end and see some of the excellent listings on tap.
If you want to look homes through our entire MLS with advanced search features,
CLICK HERE
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Your friends at The Leslie Eason Real Estate Team.
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What is it about Autumn that we get so excited about? According to Kathryn Lively, a sociology professor at Dartmouth college, our obsession with the season starts when we're children. We are conditioned as children to associate the fall season with a new school year. It's an exciting pattern that we continue to respond to.
Fall means a fresh start- a clean slate marked by a new season. It is a temporal landmark. According to research, temporal landmarks, such as significant calendar dates like birthdays, structure our perception of time.
We also tend to view fall as comforting. We tie meaning to seasons and cherish the memories we tend to create with people we love and enjoy. This builds an idea about what fall comes to represent.
So don't hold back your excitement to pull on a warm sweater, sip a pumpkin spice latte and admire the changing leaves. It's perfectly normal!
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Real Estate Market Report
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STRONG MARKET:
Year to date, our three county area has seen a growth in sales volume of 19.2% versus the same period in 2018. This has been fueled by four factors:
- Historically low interest rates,
- A strong economy allowing more people to purchase second homes
- Growth in sales of higher priced homes
- increased popularity and awareness of the High Country Area
Overall unit sales growth is +7.0%
PRICING:
Median sales price across the area has increased by a healthy 6.1% in 2019 to $248,000. Average sales price has been driven up by 11.3% to $317,310, primarily due to strong sales in the higher-end market.
Pricing in our main three towns of Boone, Blowing Rock and Banner Elk has increased more significantly, by 10.3% to $320,000, with an average price of $400,270 year to date.
INVENTORY AND TIME ON MARKET:
In general our market is experiencing a slight tightening of inventory. Number of new listings to date has grown, but not as much as unit sales growth. Certain segments such as log homes with views and student condos are tighter.
The tightening of inventory is evidenced by the lowest levels of time on market on record with a median of 86 days and 142 days on average. This number includes time under contract. Being primarily a second home and resort market, we have slightly longer days on market than in larger cities where there is large industry and required relocations.
LUXURY MARKET ($750K+):
Our luxury market is experiencing significant growth, up 85.1% in sales volume and + 65.5% in unit volume year to date. This has been great news for sellers. For buyers, this market presents excellent opportunity for several reasons:
- Inventory is still very high in this segment. While 96 homes have sold through the end of September, there are still 274 on the market. The homes that are selling are those where the seller is willing to price more competitively.
- Time on market is longer at 165 median days and 225 average days on market.
- Most sellers of higher end homes have more invested in the home than the market value. Additionally, it is far less expensive to buy an existing home than the to build overall, particularly in this higher end segment. This creates value for the buyer.
CONTACT US If you would like detailed market data for a specific town or neighborhood in our area, please let us know! 828-406-0828, Leslie@easonteam.com, www.MountainHomesNC.com
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Data is for the three county area of Ashe, Avery and Watauga Counties
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Fall Events in the NC High Country
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October 12-13th, Sugar Mountain Resort
Enjoy the beautiful fall foliage, cool mountain air, and a weekend full of festival activities! Oktoberfest features fun for the whole family, including arts and crafts, live music, food and drinks, and a costume contest!
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October 19th, Valle Crucis
Valle Crucis is one of the most pictureque valleys in the NC mountains at the peak of the fall color season. The Valle Country Fair is an authentic harvest-season community celebration featuring handmade crafts, home cooked food and mountain music!
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October 19th - 20th, Banner Elk
The residents of Banner Elk have celebrated the coming of the snow season with a Woolly Worm Festival since 1978. Every third weekend in October is set aside to honor a woolly worm race that predicts the severity of the coming winter. The festival also features crafts, food vendors, live entertainment and more!
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October 26th, Blowing Rock
Halloween fun for the whole family that's free and open to the public! Head to downtown Blowing Rock for creepy crafts, air walks in Memorial Park, games and a fun house at the recreation center and hay rides through Blowing Rock. The Monster March parade will be at 5:45 and trick-or-treating will start at 6 pm, followed by a costume contest
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October 30th, Boone
Visit historic downtown West Jefferson in beautiful Ashe County for their annual Christmas in July Festival. Enjoy arts and craft vendors, live music, great food, street performers and more!
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Want to plan your trip around the fall color forecast?
Looking for the best places to eat in Boone during your visit?
Click here
for NC Tripping's 14 favorite restaurants in Boone
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LISTINGS!!!!
We have something for everyone! Keep scrolling for more moderately priced listings.
(You might need to click 'view entire message' at end to see all listings)
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8383 Gideon Ridge Lane
Blowing Rock, NC 28607
Stunning Blowing Rock Timber Frame Home
NOW $2,526,000
4 Bedrooms, 5.5 Bathrooms
6,605 square feet
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838 Church Road
Boone, NC 28607
Mountain Estate on 25+ acres with Watauga River Frontage
REDUCED! Now $1,675,000
4 Bedrooms, plus sleeping rooms
3.5 Bathrooms
6,408 square feet
25.76 Acres
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232/234 Maple Spring Road Banner Elk, NC 28604
Beautiful estate and guest house in the heart of historic Valle Crucis
REDUCED! Now $1,199,000
4 Bedrooms, 3.5 Bathrooms
4,283 square feet
5.79 Acres
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130 Summit Trail Banner Elk, NC 28604
Gorgeous home with long range layered views!
$749,000
5 Bedrooms, 3 Bathrooms
3,381 square feet
2.54 Acres
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184 Norris Creek
Boone, NC 28607
Park like setting, bold creek and mountain view!
$699,000
4 bedrooms, 3.5 Bathrooms
3,112 Square Feet
27.97 Acres
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925 Saratoga Drive Boone, NC 28607
Gorgeous home in Yonahlossee Saddle Club with views!
Reduced! Now $599,000
3 bedrooms + Bonus Room
4.5 Bathrooms
3,511 Square Feet
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243 Misty Ridge Lane
Blowing Rock, NC 28605
Million Dollar Gorge View in Blowing Rock's Misty Mountain
REDUCED!
Now $599,000
4 Bedrooms, 4.5 Bathrooms
3,567 Square Feet, 1 Acre
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5335 NC Highway 194
Boone , NC 28607
Former B&B with endless possibilities!
$449,000
6 Bedrooms, 6 Bathrooms
3,496 square feet
9.85 Acres
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156 Foxwood Lane
Blowing Rock, NC 28605
Log home in a private setting
An easy walk to downtown
On almost an acre!
$425,000
3 Bedrooms, 3 Bathrooms
1,625 square feet
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308 Valle Meadows Trail
Sugar Grove, NC 28679
Gorgeous mountain home, close to everything you love in Valle Crucis!
REDUCED! Now $362,000
Large, open living areas
Flat back yard
2,424 square feet
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506 Seven Oaks Road
Boone, NC 28607
Nicely renovated cottage convenient to Boone
$212,000
2 Bedrooms, 1 Bathroom
1,018 square feet,1.01 Acres
PLUS apartment downstairs
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Offered at Auction in our Market: October 11 - 15
No Reserve!
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408 Green Hill Rod
Blowing Rock, NC 28605
Luxurious-yet-simple estate
Spectacular views
8 bedrooms, 8 bathrooms
8,249 square feet
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Lot 16 Green Hill Woods
Blowing Rock, NC 28605
Great Long Range Views, Great In-Town Neighborhood! Extends to Golf Course below.
REDUCED! Now $294,000
1.17 Acres
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Bear Pen Ridge Park Rd Blowing Rock, NC 28605
Rare, Large Tract of Land
Offers Gorge Views, Good Location
$295,000
34.78 Acres
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Linville Oaks Subdivision
Linville, NC 28646
Smaller subdivision
Each lot offers easy access and a great view of the mountains
15 lots: $59,000 - $375,000
1-3 Acres
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Buckeye Lane
Seven Devils, NC 28604
10 lots for sale as a package or in subgroups: GREAT VALUE!
Grandfather views
$26,000 - $109,000
4.7 Acres
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The Woods at Horsefeathers Mountain
Idyllic Development in Sugar Grove, NC
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3758 Rush Branch Road, Sugar Grove, NC 28679
Offered at
$699,000
Gorgeous and varied 100 acre estate
Also offered as 10 acre parcels
Road cut in, underground electric, fiber optics available
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To search listings throughout our MLS, visit our website:
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"Leslie's approach was positive and enthusiastic. Her marketing was multifaceted and in tune with today’s fast-moving marketplace. There was strong interest from day one. After four or five good showings we accepted a full price offer from the first client to see the home. Buying or selling a home is never easy. Leslie made it as painless as possible and more importantly provided professional guidance as well as sales expertise that made it a great experience."
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"Leslie assisted us with our dream of buying a vacation rental. Her knowledge of different types of properties, the pros and cons, and her personal thoughts on certain rentals are very helpful in analyzing your options. She has a lot of experience and contacts in the area and doesn't leave you at the closing table. She went the extra mile with helping us coordinate utilities and other items after our closing as well. Not only is she a true professional, but she is a great person as well."
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Leslie Eason, MBA
REALTOR, Luxury Specialist, GREEN
(828) 406-0828
LESLIE@EASONTEAM.COM
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