December 2024 Transylvania County Land Sales

As we step into the new year, we’re excited to share the latest trends and insights from the Transylvania County land market. December was a strong month for land sales, wrapping up 2024 on a positive note. This report highlights key statistics, year-end performance, and opportunities in the market as we move forward into 2025.

December closings showed a significant uptick from November with 14 total land sales:

2 sales under $50,000

5 sales between $50,000 and $100,000

4 sales in the $100,000s

1 sale in the $200,000s

1 sale in the $500,000s

1 sale at $725,000

Currently, there are 30 land listings under contract in Transylvania County as of today.Key Insight: 61% of all land sales last month in Transylvania County closed under $100K.

2024 Year-End Market Performance in Transylvania County

Team Success: I’m thrilled to share that we ended the year as #1 in Transylvania County with 20 sales totaling $4.6 million. Additionally, we ranked #4 in closed sales volume for raw land in WNC, achieving $13 million in sales overall.

County Performance: Transylvania County experienced a slight dip in transactions with
180 sales in 2024 compared to 221 in 2023. However, the average sales price rose significantly from $129,830 in 2023 to $147,197 in 2024.Market Trends:Cash Dominates: 173 of the 189 sales were cash transactions (91.5%).High-End Sales Growth: 3 sales closed between $1-2 million, compared to none in 2023.Fast-Moving Inventory: 30% of 2024 sales went under contract within 30 days, consistent with 2023 levels.

Extended Listings: Many properties sold in 2024 had been on the market for over a year.

Additional Stats:

 

Min Acreage: 0.01 acres | Max acreage: 150.5 acres

Average Days on Market: 302

Final Price Realization: Properties sold for an average of 90% of the final asking price (adjusted for price reductions).

 

 

 

This report reflects the dynamic nature of the Transylvania County land market and the opportunities that lie ahead in 2025. If you’re looking to buy or sell land in the area, let’s connect!