Market Report for March 2012

We have been so busy – it looks like our buyers have returned earlier than usual, and maybe I have some spring fever!! The Old Edwards Inn was sold out for St. Patrick’s Day Weekend, and it’s hard to believe this is only March. All of the Bradford pear trees are in bloom–turning green after their beautiful white. I see hosta, day lilies and cinnamon ferns breaking through the ground everywhere, the golf fairways are emerald green and the chipmunks are scurrying across the roads already.

Old Edwards Inn and Spa - Rooftop Terrace

Old Edwards Inn and Spa - Rooftop Terrace

The National Association of Realtors is predicting existing-home sales will jump 7 to 10 percent in 2012 to the highest level in five years, based on an “uneven but higher sales pattern” so far this year. In its latest economic forecast, NAR predicts existing-home sales will total 4.65 million in 2012, up 9.1 percent from last year. That forecast assumes that the U.S. economy will grow at a 2.3 percent annual rate and add 2.7 million jobs this year. Based on the volume of traffic we are seeing here in Highlands and Cashiers and the amount of showings, we think that our area will far exceed the NAR’s predictions.

Old Edwards Inn and Spa - Wine Garden

Old Edwards Inn and Spa - Wine Garden

In case you have not heard, Barron’s recently published an article “20 Best Places for Second Homes” and Highlands NC made the list for the first time. Placed in the number 14 position, making the Barron’s list is quite an accolade for Highlands NC. Barron’s notes that Highlands NC is becoming a noted destination for its spa (Old Edwards Inn & Spa noted as a top spa from Condé Nast Traveler), as well as its unique shopping, spectacular views, outdoor activities, and top notch golf. Making this list is certain to entice people to take a look at property for sale in our area.
Old Edwards Club Golf Course

Old Edwards Club Golf Course

Please feel free to Lynn Kimball anytime at 828-526-4101 or contact me by email at Lynn@MeadowsMtnRealty.com