A Seller's Dream
The Booming Housing Market
in Western North Carolina and South Carolina
Western North Carolina and South Carolina have become highly desirable areas for relocation, attracting individuals seeking a blend of natural beauty, a lower cost of living, and a high quality of life. This surge in demand, coupled with limited housing inventory, has created a favorable seller's market. Buyers are actively searching for homes, and this heightened competition has resulted in significant increases in home prices.
All of Upstate to Midland SC is still experiencing low inventory in all areas. There are still many buyers looking and we are still seeing multiple offers and over asking price contracts even in this changing market. It is still a sellers market.
-Shayne Hollifield, Owner/SC-Broker-In-Charge, Noble & Company Realty
Homes Selling Over Asking Price in 2022 and 2023
The housing market in Western North Carolina and South Carolina has seen a significant number of homes selling over their asking prices in recent years. In 2022, around 40% of homes in these areas sold above the initial listing price, indicating a strong demand and competitive bidding among buyers. As we progress through 2023, the trend has continued to rise, with an estimated 45% of homes being sold over asking price. These statistics highlight the potential for sellers to capitalize on the current market conditions and maximize their returns.
Reasons to Sell Your Home Now:
Limited Housing Inventory: The supply of available homes is not keeping up with the increasing demand, creating a seller's market where buyers are competing for a limited number of properties. This scarcity empowers sellers to command higher prices and negotiate favorable terms.
Attractive Selling Prices: With the surge in demand, home prices in Western North Carolina and South Carolina have experienced consistent growth. Sellers can take advantage of this trend by capitalizing on the rising market values and secure an excellent return on their investment.
Favorable Interest Rates: Low-interest rates make homeownership more affordable for buyers, encouraging them to enter the market. This increased demand further drives up property values, enabling sellers to fetch higher offers.
WNC is a desirable place to move because all it has to offer...plush landscape of mountains and forest, outdoor activities, cultural arts and crafts, farm to table restaurants..... just to name a few characteristics of this wonderful place we live in. We are seeing many folks move here from different states as well as folks who want a second home. We continue to have low inventory and high demand for homes needed which sometimes results in multiple offers.
-Mary Noble Braden, Owner/NC-Broker-In-Charge, Noble & Company Realty
How to Prepare Your Home for a Successful Sale:
To ensure your home stands out in this competitive market and fetches the best possible price, consider the following tips:
Enhance Curb Appeal: First impressions matter. Invest in simple landscaping improvements, ensure a well-maintained exterior, and repaint if necessary. A captivating curb appeal will attract potential buyers from the moment they arrive.
Declutter and Depersonalize: Clear out excess belongings to create a spacious, neutral environment that allows buyers to envision themselves living in the space. Remove personal items and family photos to facilitate a blank canvas for buyers' imagination.
Stage Your Home: Consider professional staging services to highlight your home's best features and create an inviting atmosphere. Staging helps potential buyers visualize the potential of each space, making it more likely for them to make an offer.
Conduct Necessary Repairs: Attend to any minor repairs or maintenance issues to ensure your home is in top condition. This will alleviate any concerns buyers might have and give them confidence in making a strong offer.
Professional Photography and Marketing: Invest in professional real estate photography to showcase your home's best angles and features. Engage the services of a skilled real estate agent who can effectively market your property through online platforms, social media, and traditional advertising.
You can also get a quick report on your Home's Worth HERE
The housing market in Western North Carolina and South Carolina is currently a seller's dream, with limited inventory and strong buyer demand driving up prices and resulting in homes selling above asking price. By capitalizing on these favorable conditions, sellers can secure attractive returns on their investments. Follow the tips outlined above and you can ensure your home is ready for a successful sale.
Let Noble & Company Realty help you to get the most out of your asking price in this thriving market.
Considering a move to Western North Carolina or Upstate South Carolina?
We’d love to help you buy or build a home, or find or sell your farm in the mountains of Western North Carolina or the lakes of Upstate South Carolina!
You can also view all of our current listings HERE and sign up for new listing alerts to stay in the loop.