Six-Year Analysis of Highlands Residential Market
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A review of six years of residential sales for Highlands, North Carolina shows a
residential sales market that continues to grow. Data collected from the period May
2000 until March 2006, shows a steady growth in total units sold as well as total
revenue sold. An additional indicator of market stability is the difference between
the amount asked and the amount the property sold for. The chart below shows a
consistent ration between the asked price and the sold for price between 6 and 11
percent. The number of units sold continues to show a positive market for both
purchase and investment.
The analysis also showed that sales activity on a monthly basis is fairly consistent
with a low in activity in January through March and a peak activity from August
through September.
Based on the 32 sales recorded January through March of 2006, and the history of
sales for this area, an estimate of sales for the year could be 194 units.
