Real Estate in Blowing Rock
Blowing Rock: One of the Most Desirable Home Towns in the Southeast
Do you love to visit Blowing Rock? Are you curious about making Blowing Rock your new home or your second home? If so, here is some Real Estate information for you! Blowing Rock offers a wide variety of beautiful properties. Home options vary from condos in the $150,000 range to luxurious homes with multi-million dollar values. The pricing for freestanding homes is understandably higher in-town and for those with extraordinary views.
Versus the rest of the USA where inventory is extremely tight, the average time on market in the Blowing Rock area is about 130 days, which is typical of most resort and second home markets. This gives buyers a little breathing space when looking for homes or planning a visit, although homes under $400,000 with views sell very quickly.
There are many neighborhoods and pockets of homes that might not be obvious when driving or walking around town. Several of them are noted below. If you are interested in learning more about the Blowing Rock homes for sale or seeing some properties, be sure to check with a local REALTOR®.
Blowing Rock is enjoying a very healthy Real Estate market with sustainable growth (see chart below). In Real Estate terms, it is a balanced market, with benefits for both buyers and sellers. Versus 2017, inventory has tightened somewhat (-16.2%), which has modestly driven prices up. However, there are currently twice as many listings available than have sold so far this year, indicating a substantial inventory for buyers.
While Blowing Rock is the highest priced Real Estate area in the NC High Country, prices are just now approaching pre-recession levels and have not been inflated as they have in other areas of the country. The median single family sales price is $349,000 and the average sold price this year is $402,417. This is still somewhat lower than the average pricing back in 2008.
Condominiums are seeing considerable gains, with volume up 24.9% over last year. The majority of the current available inventory is in Chetola Resort as well as new condo inventory in Blue Ridge Mountain Club.
Fortunately, there is limited new construction in Blowing Rock and the High Country. The area does not offer large developments with similar homes or large construction companies. This unique factor is part of what makes the High Country so charming. Versus 2017, data shows there are even more new custom homes available, which is another sign of a healthy market.
TYPES OF PROPERTIES
Blowing Rock is perhaps best known for its gorgeous mountain homes, both new and historic. Blowing Rock homes have graced the covers of magazines and attracted buyers from all over the world. These esteemed homes in-town can be found in the Mayview and Laurel Park neighborhoods, as well as in nearby gated neighborhoods, such as Timber Creek and Firethorn.
For buyers looking to build a custom home, this area boasts some excellent builders and offers many options for land purchases.
Condos generally offer a less expensive way to enter the market while relieving the owner of home maintenance worries. For in-town Blowing Rock, some of the condo developments offer the ability to rent the condos to vacationers, making them great investment opportunities. Condo developments include Royal Oaks, Glen Burney, Village on the Green, and Chetola Resort. In fact, Chetola Resort boasts a hotel, fine dining restaurant, and spa for your enjoyment. There are also nice condos with views in the Mayview area of Blowing Rock, as well as in the Blue Ridge Mountain Club (noted below).
Coming soon are 23 luxury condos called Chestnut at Blowing Rock, with great views of Moses Cone and Grandfather Mountain. These condos will include 2 car garages below.
Well over half of the homes sold in Blowing Rock are second homes. Buyers look here to escape the summer heat or even live here in the mountains for half of the year. With Charlotte just a two hour drive away and Raleigh/Durham about three hours away, the High Country is a convenient escape for buyers from North Carolina, as well as a season destination for buyers from Florida. Many buyers purchase a second (or third) home in Blowing Rock with plans to make it their retirement home. As Forbes stated, the mountainous environment makes the Boone/Blowing rock area one of the top retirement locations in 2018.
A strong and growing segment of the Blowing Rock Real Estate market is second homes that can also be used as vacation rentals to help pay for the cost of owning and maintaining the home. There are several excellent vacation rental management companies in the area that can manage the entire process.
Note that vacation/short term rentals under 30 days are not allowed within town limits and in some subdivisions. If you are looking for a home that can also be used as a vacation rental, be sure to ask your REALTOR® whether vacation rentals are allowed in that location.
AREAS OF TOWN:
In Town Blowing Rock: The town of Blowing Rock is known for its grand homes along Main Street and in historic Mayview and Laurel Park, as well as cottages around Ransom Street. There are also condominium developments such as Royal Oaks, Glen Burney, and Chetola Resort.
In Town Across 321: Cross Highway 321 (Blowing Rock Blvd) to Echo Park, Green Hill Road, Wonderland Woods and areas surrounding the Blowing Rock Country Club and Golf Course. There is a wide variety of home styles and sizes in these quiet neighborhoods.
Highway 221 South: There are several neighborhoods on either side of Highway 221 headed south, some offering great Grandfather Mountain and St. Johns River Gorge views. These include Misty Mountain, Fair Mountain Acres, Saddle Hills and Sweetgrass, a newer development with trails and a lake.
321 north (toward Boone): One of the largest residential areas in this direction is Appalachian Ski Mountain, with many mountain and log homes close to skiing. This is a popular location for vacation rentals. Also along 321 are the luxury gated communities of Firethorn and Timber Creek, as well as the log home community Friendly Mountain Acres.
Blue Ridge Parkway North: There are several established neighborhoods with mid-range to high end homes along this route. This general area is referred to on maps as the Aho area and includes the neighborhoods of Sorrento, Greystone, Blackberry, Goshen, Summit Park, and Brown Stone Ridge, to name a few. Some of these neighborhoods are in the Boone zip code but are considered the Blowing Rock area from a Real Estate standpoint.
Also in this direction is the Blue Ridge Mountain Club (BRMC), a newer and impressive development with timber frame homes and many lots available. BRMC offers trails and amenities and just broke ground on their new clubhouse and gym.
When you are visiting, think about also making Blowing Rock your home!
For the Roster of Local REALTORS®, go to: www.highcountryrealtors.org