How much have prices dropped in the last 2 year period in Sugar Mnt? Bottomed out yet?

Diosmaya
Home Buyer
Banner Elk, NC

Answers (2)
Lori Dean
Broker
Banner Elk, NC

Good evening Diosmaya,
Prices are sort of all over the place in the area. The average price drop has been around 50-60,000. on the mid price range homes, but there have been some short sales saving buyers up to hundreds of thousands of dollars. A recent sale in Eagles Nest sold for over 2 million less than what the developer was originally asking for. (originally 4.3m asking price, and sold for 1.9M) There are definitely some deals to be had. I would have to say the homes and land are probably at their lowest for the most part, but obviously any short sales and foreclosures that come about, we'll represent some of your best buys. Are you looking for a home or lot?
Let me know if I can research any properties for you on Sugar.
Have a great evening,
Lori

Wed Jun 24 2009, 18:01
Maria Owens
Agent
Boone, NC
FIRST ANSWER

The prices have dropped about 35%. We think they've bottomed out, so it's time to buy!

Web Reference: http://owensrealtync.com
Tue Jun 23 2009, 10:37

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