2011 Real Estate Report - Bostic, NC 28018

Kathy from over at GV Estates called me for a recap of the year's real estate transactions and I'd tossed my paper report (index cards), so had to do a recap, but everyone's interested in these statistics so I'll share them. Unfortunately, numbers tell a painful truth.

Data From the Rutherford County MLS: October 1, 2010 – October 1, 2011
Over the course of the year: 224 properties were on the market 41 sold

Bostic Statistics
Homes: 30 sold  DOM (Days on Market) high 636 / 24 low
Land: 10 sold DOM -  high 556 / 69 low (4 lots sold for less than $20, 000)
Commercial 1 sold (the old Fire Department Bldg on the Bostic Sunshine Highway)

Of those 41 properties: a total of 4 sold for more than tax value.
Two DWMHs (1 with owner financing), one 3BR/3BA custom home on `5 acres,  one groomed and maintained ~14 acre tract sold for more than tax value, and one log home sold for only $500.00 under tax value.
From REALTOR.com
AS of October 2011: 53 homes on the market, 8 mobile homes, 3 farms, and 89 parcels.