📊 Monday Market Minute – Week of July 28, 2025
Hi there,
As July winds down, we’re seeing continued mortgage stability and growing interest among luxury buyers in lifestyle properties across Western North Carolina. With interest rates holding steady and unique properties attracting attention, many buyers are evaluating how land, privacy, and functionality can align with long-term goals.
📉 Mortgage Snapshot
As of July 23, the average 30-year fixed rate in the Charlotte area is 6.78% and the 15-year rate is 6.05% (Bankrate).
The Federal Reserve isn’t expected to lower rates this week, but Treasury announcements could lead to long-term rate shifts this fall. For buyers planning to purchase land or reposition a property, this stable environment offers a valuable opportunity.
🌿 What Buyers Are Prioritizing
Across Western NC, roughly 20 active listings meet the criteria for luxury farms or multi-use estates. Based on current data, here are the top features buyers are looking for:
📌 According to Fannie Mae, demand for rural and lifestyle-oriented homes remains strong—especially among Gen X and Millennial buyers seeking long-term flexibility and self-sufficiency.
🔑 Featured Property: 6500 Duck Creek Rd, Lenoir, NC
- 49 acres with pond, dirt tracks, and wooded acreage
- Fenced pastures, working barn, and fruit trees
- Renovated 3-bedroom home with saltwater pool and hot tub
Price: $1,250,000
📸 View the full listing and photo gallery
Let’s Talk Strategy
If you're considering a land purchase, listing a luxury estate, or building something purpose-driven, I’d love to help.
📅 Click here to schedule a time to connect
📲 Or call/text me directly anytime.
Warm regards,
Janet Austin
True North Realty
www.janetaustinhomes.com
|
