Comparison of sales data for calendar years 2006 and 2007 for Land sales in and around Cullowhee, NC. Data provided by Northern Jackson County MLS.
TOTAL UNITS SOLD
2006-47
2007-33
**29.28% decrease in units sold**
AVERAGE SALES PRICE
2006-$148,129
2007-$103,215
**30.32% decrease in average sale price**
MEDIAN SALES PRICE
2006-$67,500
2007-$53,350
**20.96% decrease in median sale price**
CASH TRANSACTIONS
2006-26
2007-19
FINANCING TRANSACTIONS
2006-21
2007-14
It is obvious that the various factors affecting real estate markets throughout the country also had some effect on sales during 2007 in Cullowhee and surrounding areas. The slow down of the markets in general, tightening of lenders and investors for financing as well as, the Subdivision Moratorium and Steep Slope Ordinance in Jackson County caused apprximately a 30% drop in sales.
Land sales in Jackson County, NC. My experitise in land brokerage is achieved through knowledge of the available properties and understanding the attributes and limitations of each tract.
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