December 2023 MLS REPORT
During December, the High Country MLS reported 160 residential sales closed in the High Country Counties of Alleghany, Ashe, Avery, and Watauga, that number is slightly up from this same time a year ago. The combined closing total was $100.8 million in sales, up from a year ago when the combined total was $78.8 million. The median sales price for December sales was $471,500, up 23.3% compared to the median sales price in December of 2022. The median days on the market for the month were sixty-two days, holding steady compared to 2022.
Over 2,000 residential sales closed in 2023 for our High Country REALTORS®, for over $1 billion in sales. The median sales price for all those sales for the year was $450,000. The maximum sale price for a residential property for the year was $4,700,000.
INVENTORY: During December, there were 535 active residential properties in our high country counties of Alleghany, Ashe, Avery, and Watauga, with ninety-eight being new on the market in December. That is a 3.3-month supply of inventory, up 9.5% compared to this same time last year.
LAND: Land is still plenteous in our High Country MLS area. However, the inventory is down 7.5% compared to this same time a year ago. December had 1,441 active land listings, eighty-nine of those coming onto the market during December. The months’ supply of inventory for our land is 14.4 months. One hundred land sales closed during the month for a combined total of just over $10 million in sales. During all of 2023, there were 972 land sales in our four counties for a combined closing price of $115.2 million for the year.
COMMERCIAL: Currently reported to the High Country MLS, there are forty-six active commercial properties in our four counties. One commercial sale was reported to the MLS during December in Watauga County that closed at $1,550,000. For all of 2023, thirty-nine commercial sales were reported to our MLS in our four counties, with a combined closing total of $22.3 million for the year.
Alleghany County: Realtors® closed on eight residential properties in Alleghany Country during December, with a median sales price coming in at $284,700 and a combined closing price of $2.4 million for the month. There were 16 land sales in the county during the month, and the median sales price was $36,250, with a combined price of $927,000.
Ashe County: Realtors® closed on thirty-nine residential properties in the county during December with a median price of $345,000 and a combined closing amount of $19.1 million. There were thirty-five land sales, with a median of $89,900 and a combined price of $3.4 million.
Avery County: Realtors® closed thirty-eight residential properties in the county during December with a median price of $520,000 for those. The combined closing price was $24.7 million. There were eleven land sales with a median price of $70,000 and a combined closing price of $2 million.
Watauga County: Realtors® closed on seventy-five residential properties during December, and the median price was $535,000. The combined closing price was $54.5 million. There were thirty-eight land sales, and that median was $447,500. The combined closing price was $3.6 million.
Disclaimer: Figures are based on information from High Country Multiple Listing Service. Data is for informational purposes only and may not be completely accurate due to MLS reporting processes. This data reflects a specific point in time and cannot be used in perpetuity due to the fluctuating nature of markets.
Report graphics generated from Domus Analytics pulled from the HCAR Web API feed. HCAR Realtor® members can access these detailed and customizable reports and graphics for professional use by logging into the HCAR dashboard - Info Hub. A public graphic is available on our website homepage at highcountryrealtors.org.