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Market Update: Land for Sale – Western NC

Looking for high elevation land for sale in Western NC? If so, right now you’ll find over 200 land listings for Mars Hill, NC real estate on Zillow. In Wolf Laurel, you can buy a high elevation mountain lot for an average of $13,000 an acre.

Here’s a look at the market right now for building lots in Wolf Laurel.

Building Lot Sales in Wolf Laurel- Mars Hill, NC Real Estate
Market Situation Analysis – MARCH 2020

WOLF LAUREL, WOLF LAUREL HEIGHTS

LAST 12 MONTHS
• AVERAGE PER ACRE SOLD PRICE: $13,949
• AVERAGE DAYS ON MARKET TO SOLD: 749
• DATE OF LAST LOT SOLD: JUN 2019
• TOTAL LOTS SOLD IN 12 MONTHS: 3

LAST 24 MONTHS
• AVERAGE PER ACRE SOLD PRICE: $12,888
• AVERAGE DAYS ON MARKET TO SOLD: 424
• DATE OF LAST LOT SOLD: JUN 2019
• TOTAL LOTS SOLD IN 24 MONTHS: 9

LAST 36 MONTHS
• AVERAGE PER ACRE SOLD PRICE: $13,557
• AVERAGE DAYS ON MARKET TO SOLD: 365 Days
• DATE OF LAST LOT SOLD: JUN 2019
• TOTAL LOTS SOLD IN 36 MONTHS: 15

OVERLOOK VILLAGE IN WOLF LAUREL

LAST 48 MONTHS
• AVERAGE PER ACRE LIST PRICE [NO SALES]: $46,664
• AVERAGE DAYS ON MARKET TO SOLD: NO SALES
• DATE OF LAST LOT SOLD SINCE 2016: NO SALES
• TOTAL LOTS SOLD IN 48+ MONTHS: NO SALES
• TOTAL LOSTS LISTED and EXPIRED: 4

THE COTTAGES IN WOLF LAUREL

SINCE 2012 (DATE OF MOST RECENT CLOSED SALE)
• AVERAGE PER ACRE SOLD: N/A – ZERO LOT LINE HOMES:
• MOST RECENT CLOSED SALE: JUL 2012 – 0.15 AC – SOLD FOR $2000
• AVERAGE ACTIVE LISTINGS SALE PRICE: $13,500 FOR 0.10 AC
• EXPIRED LOTS (SIZE 0.015- 0.020 AC): 4 (AVG LP OF $20,000 SINCE 2012)

THE PRESERVE AT WOLF LAUREL

LAST 36 MONTHS OF ACTIVITY
• AVERAGE PER ACRE SOLD PRICE: $41,092
• AVERAGE DAYS ON MARKET TO SOLD: 359
• DATE OF LAST LOT SOLD: SEP 2019
• TOTAL LOTS SOLD: 2
• TOTAL LOTS WITHDRAWN/EXPIRED: 1
• TOTAL LOTS ACTIVELY FOR SALE: 8

You can count on Black Bear Realty for market insight on Mars Hill NC real estate and land for sale in Western NC. Call and let us know how we can help you today.