About Rutherford County, NC

For my 35^th birthday my husband Ken, my daughter Isobella and our fat dog lovingly named Gizmo loaded onto the family car for a picnic lunch in beautiful Lake Lure North Carolina. It's one of my favorite places to visit for the day. Nestled between the Piedmont region and Appalachian Mountains, Lake Lure is located in the western part of North Carolina and is best known for being the real-life location of the 1980's hit movie, "Dirty Dancing".

The lake is the number one attraction and the reason so many families visit Lake Lure year after year. National Geographic has called Lake Lure one of the most beautiful man-made lakes in the world. Visitors come to enjoy the 720 acres of lake, sparkling clean beach area, and the incredible Blue Ridge mountain range including Chimney Rock. In addition to scenic views, Lake Lure offers plenty of outdoor recreation, everything from waterskiing and lake touring to fishing and even a scenic area to hike. We love Morse Park as it offers a picnic area and child friendly playground. For more information on the Town of Lake Lure please visit the attached official website: http://www.townoflakelure.com/

Located in the heart of Hickory Nut Gorge, Lake Lure, North Carolina encompasses all the beauty that Western North Carolina real estate offers. Originally, a resort was built around the lake, utilizing the area's natural beauty to "lure" people to the area. Currently, the lake is now held in trust by the Town of Lake Lure as a benefit for its citizens. Although no schools actually operate within Lake Lure city limits, students living here attend schools in the Polk and Rutherford County Schools Systems. Outdoor recreation is key to the Lake Lure lifestyle, with the 720 acre lake providing the primary location for a day's activities. Residents enjoy full access to the marina seven days a week for free and everyone is encouraged to enjoy the boating, fishing and waterskiing the lake has to offer. Horseback riding is a popular pasttime in Lake Lure as well as hiking and biking around Chimney Rock Park, which includes a nature center, picnic areas and a gorgeous waterfall. One trip to Lake Lure and you'll see what the "lure" is all about. Please contact me with any questions you may have about the Lake Lure area.

After a typically slow winter season, the Rutherford County, NC real estate market looks poised to be a buyer's market for Summer 2008. With inventory of listed properties up 56% over the last 2 years while the number of closed transactions down 18% over the same time, this creates a divergence of supply and demand that will ulitimately manifest into a buyers' market. Although the lowering of interest rates over the last 6 mos. will likely buffer this divergence in possibly bumping the number of new homebuyers into the market, these buyers have a lot more in the way of choices. There simply are not enough buyers to equal the number of sellers. Median home prices have remained steady, at least and even have edged up slightly over the past 2 years. Unlike stocks and commodities, a real estate market tends to lag in manifesting the results of supply vs demand divergence - it's slow moving, but must react as any other market to the basic elements of economics. For every action, there must be a reaction, to put it scientifically. I believe the next 6-12 months we will see that reaction in our marketplace. List prices are most likely to begin softening, with more sellers offering incentives to get their properties sold and stand out to the fewer number of buyers.