The economy is not just bad in Lenoir it is everywhere.Most inflated priced on real estate are with the more well known real estate companies.I look at real estate all over the state.It started years back when banks,appraisers,contractors inflated the cost of houses.Now that people are loosing their jobs and cannot pay the loans ,their homes go into foreclosure and guess what?They were not worth what they paid for them.People are puting these overpriced homes on the market hoping they will be one of the lucky ones and there's will sell.Ask a contractor what they charge per sq foot to build a house,plus the cost of the land and any extras the homeowner adds?My husband was a N.C. Building contractor as it was not that many years ago that the going price to get a house closed in was $100.00 per sq foot.I have seen houses in the last couple months that are on the market for $600.00+ per sq foot.I am sorry but a 700/800 sq foot house on a .35 acre of land on the market for $350,000.00 is pure greed.Go on up Hwy.321 toward Blowing Rock and Boone and look at those prices.Have a good day looking
They listened to a Realtor 305 years ago who told them that prices enevr go doqwn and they might be priced out of the market forever.
These listing prices will continue to drop as the economy gets worse. No reason tobuy now.
Feel free to contact me directly at firstname.lastname@example.org and I would be happy to talk with you more about this concern of yours. Talk to you soon.