Holy Cow! Home sales in the Great Smoky Mountain area of Franklin, NC are increasing. From January 1, 2012 thru May 21, 2012, 92 homes were sold.
The same time period in 2011, showed only 76 homes sold. This reflects a 21.05% increase in sales volume!
We have more cash buyers jumping into the game with 47.8% of 2012 sales were sold for cash.
Combine this with the current interest rates quoted by Advantage Loans, Inc. in Fayetteville, NC, of 3.675% for a 30 year fixed and 2.875% on a 15 year fixed, and this will be our best year since the boom of 2005.
There are 531 homes on the market and our inventory is leveling off. Once some of the existing inventory gets "gobbled up", the prices will begin inching up. For buyers who are on the fence....waiting could mean higher interest rates and higher prices. This truly is the time to buy.
The area is a haven for Hiking, Kayaking, Hunting, Gem Mining, Antiquing and Fishing. It's a true mecca for those who love the outdoors.
Over 51% of this county is US Forest Service Property so you'll never feel crowded here.
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