January 30, 2018

Seven Devils Market Report


With all the years of growth in the High Country Real Estate Market, the small town of Seven Devils has seen its share of increase.

Seven Devils as a town has added some great options for town residents, such as the Otter Falls hiking trails, upgraded tennis court, picnic shelter, kids play area and more.  The Blue Ridge Conservancy will be adding several miles of trails over the next few years to their recently purchased 250+ acres.  With all real estate and town activity, the numbers of sales and prices have started to climb.

Seven Devils Market Review

A quick history search of the local MLS data reveals an upward swing of prices for the town in Single Family Residential Unit Sales.

  2014 average sold price was $230,000 and $124 per square foot

  2015 average sold price was $233,000 and $127 per square foot

  2016 average sold price was $280,000 and $135 per square foot

  2017 average sold price was $285,000 and $135 per square foot

**These numbers do not take into account condos or land sales, but each have grown with the market as well.

To give you a more visual representation of the growth for Real Estate Market for Seven Devils the graph below shows the number of listings sold single family homes (green), and their average sale price (blue).

Graph of Total Past Sales and Average Sold Price for 2014-2017 in Seven Devils

Graph of Total Past Sales and Average Sold Price for 2014-2017 in Seven Devils

 

Although 2017 did not see as many sales as the previous years, the average sold price increased! This is a great indicator that property values are on a upward trend.

Seven Devils is an active town with good leadership looking to expand its reach and offer more for its residents.  Have a look at their website to learn more.  The town offers many community events during the year and has a great Zipline and Snow Tubing attraction.

Licensed Realtor® and Seven Devils’ real estate expert Stephen McDaniel had an exceptional 2017! Stephen represented almost 20% of residential home sales in the town of Seven Devils! If you live in Seven Devils and are thinking of selling your property, please do not hesitate to contact Stephen or any of the real estate market experts at Vincent Properties at 828-295-0700. You can check out more of Seven Devils Real Estate at Stephen’s Facebook page: Facebook.com/SevenDevilsNCRealEstate

 

  • Statistics based on HCAR MLS data as off 2/1/2018

 

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