Summer has arrived! The trees are lush with green foliage, wild blackberries are sweet on the vine and the magical scent of honeysuckle is in the air. Gardens are planted and soon tomatoes, beans and zucchini will be ready for harvest!
The end of June showed us 100+ degree days but now it's back to the normal 80's and occasional 90 degree mark. LIFE IS GOOD IN THE MOUNTAINS!
Everyday while I'm driving around this area I am constantly amazed at its beauty. I had fun putting together the following short Video about Otto and the surrounding areas. You'll see Coweeta Creek, Pickens Nose, Big Laurel and Mooney Falls....as well as Spring Ridge Creamery where you can enjoy the BEST Ice Cream Ever! Watch this 7 minute video and enjoy.
Home Sales are up!
2011: January 1, 2011 thru July 1, 2011
129 Sold with an average sales price of $121,371
2012: January 1, 2012 thru July 1, 2012
144 homes sold with an average sales price or $117,645
That's a 11.6% increase in the number of homes sold this year
with prices slightly lower than a year ago.
There are currently 648 homes on the market in Franklin and Otto
with an average list price of $218,603
(This data wasd obtained from the Frankloin Board of Realtors MLS and does not include For Sale by Owner transactions.)
Favorable Financing Terms
Interest rates are incredibly low as quoted by Advantage Loans, Inc. in Fayetteville, NC. 30 year fixed rate morgages are less than 4% and 15 year fixed are below 3%. (Data as of July 1, 2012) More buyers are gobbling up the well priced homes and foreclosures as they can get into a home for less than renting. This means the vast inventory will slowly decrease and eventually prices will begin to rebound. Now is a GOOD time to buy.
Stay tuned - Each month I'll update you on the local real estate stats and keep you posted on the current market conditions in our "Little Slice of Heaven" here in Franklin and Otto, NC.
Otto and Franklin, NC Real Estate Solutions - Kathy Clifton Broker I am a Broker with Keller Williams Realty specializing in Real Estate for Franklin and Otto, NC. For more information call 828-226-1074