Real Estate Market Update for 28774 (Sapphire, NC)
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was up 17% from one year earlier and up 3% from the previous month This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month... was just under 350-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 500% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 290-thousand dollars. The number of units sold was consistent year-over-year and Increased 50% month-over-month These latest figures could indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 28774 (Sapphire, NC)
Area Information for 28774 (Sapphire, NC)
  • Community Character: Very Rapid Population Growth, Moderate Residential Turnover, Large Area(s) of Government Designated Parkland
  • Population: 1,064
  • Median Age: 40.82 yr
  • Median Commute Time: 19.73 mins
  • Recycling Likelihood**: 116
  • Sales Tax: 5%
  • Population Density: 29/sq mi
  • Population Change Since 2000: 19%
  • Closest Airport: Asheville Regional
  • Closest College: Western Carolina University
  • Closest Jr. College: Southwestern Community College
  • Median Household Income: $46,396
  • Annual Residential Turnover: 19.21%
  • Median Years in Residence: 2.25 yr
  • Median Home Sales Price: $262,500
  • Closest Major Sports Team: Greenville Drive (a)
  • Change Avg. Household Income Since 2000: 13%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 28774 (Sapphire, NC)
Median Age: 40.82 Married: 56% Number of Households: 479 Households with Children: 91
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      Local Weather for 28774 (Sapphire, NC)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.