New Upward Trend in Price Cuts for Blue Ridge Real Estate Market

Sales in the Blue Ridge market remained flat at one home sold over the last 30 days, while the number of sellers reducing their list prices reached one, which continues a new upward trend in price reductions. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price of all transactions in Blue Ridge did not budge this week, remaining at $205,000. Along with flat sales, a relatively high eight months of inventory indicates that Blue Ridge is a strong buyer's market.

With sizeable price reductions to these listings in Blue Ridge, now is a prime opportunity to see them:

$769K   $102K   $179K  

Get started right now by checking out Blue Ridge homes for sale or reviewing Blue Ridge real estate trends.

Demographic facts about Blue Ridge:

  • The average age is 44 years old for the population in this area.
  • The health cost index score in this area is 98.5. (100 = national average)
  • The area's commuter length breakdown is: <15 min (60.2%), 15-29 min (21.2%), 30-44 min (9.4%), 45-59 min (1.9%), >60 min (7.3%).

Data reported through 10/12/2016

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Ask a local expert about this area:
Remax Town & Ctry-Downtown
Snapped 11 homes in this area

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