The 2010 Real Estate Market in Saluda, NC

The 2010 Real Estate Market in
Saluda, NC
This report has been prepared for the citizens of Saluda to provide information
market in Saluda.
about the real estate
Saluda citizens know that Saluda is a unique gem nestled in the foothills of the Blue Ridge Mountains
and is a best-kept secret. Once Saluda is discovered, most people want to lock the gate behind them!
Cathy Jackson Realty has collected information and tried to show in this report how Saluda compares to
other neighboring markets and also what the activity was in 2010. It is not our intent to analyze the
data or make conclusions. We will leave that up to you. You will see that although there is a 10%
increase in sales of single-family residential homes there is a decrease of S% in total sales volume and
that the average sell price has decreased by 14%. The most activity of residential sales was properties
under $200,000 representing more than 52% of the total sales. Land and lot sales are down again this
year with a 33% decrease compared to 2009.
Saluda real estate brokers are credited for representing 64% of all residential properties sold in Saluda
while 36% were represented by Hendersonville and Tryon brokers. Cathy Jackson Realty represented
40% of all the Saluda residential
by Saluda brokers.
properties
listed and sold in 2010 and 61% of properties
represented
The Outlook
It's a great time to invest in property in Saluda-homes
are more affordable and interest rates are at an
all-time low. With more home owners making lifestyles changes, there are more properties from which
to choose than there has ever been before. Fortunately, the Saluda market has had few properties in
financial distress and as we enter 2011, we currently only have one property in foreclosure and two in
short sales.
The good news for sellers is that Saluda Realtors. bring the expert knowledge and experience it takes to
sell your home with as few hassles as possible. Realtors. have exclusive access to industry statistics,
trends and up-to-date information, and they know the local real estate market in Saluda better than
anyone. So when you're ready to sell your home, work with a Saluda Realtor • who can explain options
that best fit your situation.
Notes and Disclaimers:
1. All data is provided by the Western NC Multiple Listing Service (WNCMLS).
2.
Data is not guaranteed to be accurate and is being provided as a tool to understand real estate
trends in Saluda, NC.
3.
Polk County numbers may not include all Polk County sales. Polk County has its own MLS and
not all properties are listed and tracked in WNCMLS.
All Rights Reserved.
Saluda Real Estate Trends Compared to Henderson & Polk Counties
January - December 31, 2010
Single-Family
Residential
saluda
Total Units Sold
Sell Price Volume
5
5
5
5
list Price Volume
Avg. Sell Price
Avg. list Price
l1st/SeII/Ratio
Median list Price
Median
5
5
Sell Price
AvgOOM
YTD
YTD
2009
2010
21
4,842,475
5,161,824
230,594
245,801
92%
229,750
222,500
218
5
5
5
5
Henderson
"Change
YTD
2009
23
4,585,000
4,958,600
5199,370
5215,591
92%
185,000
172,000
176
Polk County
County
YTD
2010
1041
10%
-5% 5 222,846,227
-4% 5 237,147,515
-14% 5
214,069
-12% 5
227,807
1%
94%
-19% 5
195,500
-23% 5
184,000
-19%
109
%Chanae
-3%
1%
4%
5%
7%
-2%
2%
1%
70%
1007
5 226,104,713
5 245,959,727
224,533
5
244,250
5
92%
198,500
5
185,000
5
185
S
5
5
5
5
5
YTD
YTD
2009
2010
107
20,029,151
21,746,353
187,188
203,237
92%
175,000
165,000
129
"Change
-13%
7%
9%
24%
26%
-1%
23%
14%
63%
93
$ 21,526,535
5 23,738,945
231,468
5
255,257
5
91%
215,000
5
5
188,000
210
(SI!~not~b~/ow about 2010 units sold.)
Saluda Land and Lot Sales
Total Units Sold
Sell Price Volume
5
5
5
5
list Price Volume
Avg. Sell Price
Avg. list Price
list/Sell/Ratio
Median list Price
5
5
Median Sell Price
AvgDOM
YTD 2010 Breakdown
-!lc
12
1,093,000
1,268,800
91,083
105,733
86%
87,000
78,000
279
By Sale Price-Homes
Units Sold
less than $200,000
8
$
5
5
5
5
5
918,750
1,308,220
114,844
163,528
70%
101,750
80,000
199
300,000
~
, 250,000
~ 200,000
-33%
-16%
3%
26%
55%
-18%
17%
3%
-29%
150,000
100,000
50,000
°
YTD
Total Sales Volume
°
°
°
1 $
1 $
5ell Price Volume
-.-
Ust Price Volume
2009 I 2010
Sold
13 5 2,010,800
6 5 1,472,800
3 5 1,000,000
1 5
475,000
5200,000-5300,000
5300,000-5400,000
5400,000-5500,000
$500,000-$600,000
5600,000-5700,000
5700,000-51,000,000
51,000,000-52,000,000
More than $2,000,000
2009
•••••
YTD
YTD
Saluda
I
YTD %chang~
ITO
Henderson c~unty)
I ITO %chang~
Polk cou~ty
I
Jan-Dec 2010 Breakdown
By Sale Price Units Sold
--'~WlWI
1,025,000 Se~
2,015,000 N1;Jtn
$700,000-$1,000,000
Notes:
$500,000-$600,000
Saluda sales numbers
Breakdown
do not Include two sal~ at lake Summit but are Included In the
r;:hart. These numbers
$300,000-$400,000
are Oller $1 million and would skew the Saluda numbers.
,
Less than $200,000
a
Notes and Disclaimers:
1.
All data /s provided by the Western Ne Multiple
Z.
Data Is not guaranteed
3.
Polk County numbers may not Include all Polk County sales. Polk County has its own
MLS and not all properties are listed and tracked In WNCMLS.
4.
Dato may not Include soles that did not participate
Listing Service (WNCMLS).
to be accurate and Is being provided as
0 tool
2
4
6
8
W
!
to understand
14
!
Prepared by Cathy Jackson Realty
real estate trends In Saluda, NC.
in WNCMLS. (Ie. For sole by owners.)
U
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