Market Update: Hickory Nut Gorge - A Unique Place To Live

Dated: June 1 2019

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Residents and visitors of Lake Lure and the surrounding Hickory Nut Gorge are blessed with an abundance of nature’s beauty – beautiful mountains, a plethora of native trees and plants, a wide variety of wild birds and wildlife, fabulous sunsets and the magnificence of Lake Lure as the centerpiece.  For outdoor enthusiasts there are a multitude of trails to explore, creeks/rivers/lake to fish, zip lines and golf courses to play. Of course, boating and water activities are always a popular outing.  If you’re visiting, don’t miss an opportunity to take a pontoon tour of the Lake either from Washburn Marina or Rumbling Bald Resort. There are also opportunities to rent boats, kayaks, paddle boards, etc.

Newcomers and visitors often comment on the friendly atmosphere. Whether you choose to live here full time, own a second home or just visit frequently you’ll find it easy to make new friends and find activities that suit your lifestyle and interests.  Though summer is the most popular season, finding things to do autumn through spring is no challenge. There’s never a bad time to visit the Biltmore Estate in Asheville or try out one of the many craft breweries in the area. Greenville and Spartanburg South Carolina are also easy to get to for additional shopping and entertainment options.

The Lake Lure area real estate is stable with a variety of styles and price ranges from which to choose.  The local market is quite different from large cities or towns where sellers and buyers are typically relocating within the same area. With an aging population, most sellers are relocating to be closer to family in other states. Home buyers are either relocating from other states or buying a second home or vacation rental property. Because buyers are not “local” and some months are busier than others, the average time on the market is approximately six months.  That may seem long compared with metropolitan areas where homes sell within days, however it doesn’t mean the property is flawed or the sellers are anxious and willing to accept an unreasonably low offer. It’s simply a different market.

The chart compares the first quarter of 2019 with the first quarter of 2018.  For more detailed information visit www.LakeLureLifestyle.com/blog or ask your real estate professional.

Market Table April 2019

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Julie McKinney

A native of northwestern Pennsylvania, I have proudly called North Carolina home since 1985. Having experienced city life in Greensboro and Charlotte, I permanently relocated to beautiful Lake Lure in....

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