Silver Creek Real Estate BlogNews and views on the Cashiers-Highlands Plateau — Cashiers, Highlands, Sapphire, Lake Glenville and Lake Toxaway, North Carolina

Here are this week’s real estate sales for the week of April 20, 2009 in the greater Cashiers, NC area. For additional information on any of these sales or assistance in purchasing or selling property, please call our office at (828) 743-1999 or email me at jlucke@ncliving.com.

2 bedroom/2.5 bath condo in Hampton Glen sold for $375,000.
3 bedroom/2 bath home on Pickelsimer Road sold for $235,000.

Here are the  real estate sales in the greater Cashiers and Highlands, NC area for the week of April 13, 2009. For additional information on any of these sales or assistance in purchasing or selling property, please call our office at (828) 743-1999 or email me at jlucke@ncliving.com.

4 bedroom/4.5 bath home in Summer Cove at Lake Glenville sold for $1,600,000.
1.25 acre lot off Bee Tree Road sold for $80,000.
4 bedroom/4.5 bath home in Wade Hampton Golf Club sold for $2,700,000.
3 bedroom/2 bath home in Broadview Acres sold for $169,000.

Here are this week’s real estate sales in the greater Cashiers, NC area. For additional information on any of these sales or assistance in purchasing or selling property, please call our office at (828) 743-1999 or email me at jlucke@ncliving.com.

10.28 acre tract in the Caney Fork area sold for $110,000.
3 bedroom/3 bath home in Holly Forest I sold for $505,000.

Golf Digest magazine just published their annual list of top golf courses in the country. They list the top 100 private and public courses as judged by a panel of 900 men and women. Each course was rated on seven different criteria on a scale of 1 to 10 (10 being absolutely perfect). The seven criteria and Wade Hampton’s ratings are shot value (8.12), resistance to scoring (8.01),  design variety (8.16), memorability (8.31), aesthetics (8.62), conditioning (8.26), and ambiance (8.45), for a total score of 66.05. This ranking positions Wade Hampton Golf Club as number 17 of the top 100 private courses in the country.  A tribute to a lasting course design by Tom Fazio, the dedication of the members, and the natural beauty of Cashiers, NC. Congratulations!

We have received many inquiries about real estate sales in the greater Cashiers, Highlands, Sapphire, Lake Glenville and Lake Toxaway area over the past months. As both buyers and sellers find this information useful to gauge the market, we will provide an overview of the sales on a weekly basis. We try to include all of the sales that are processed in both of our local MLS systems, as well as county tax records. In the past, we have only emailed our clients this information on a regular basis, but going forward we will be sharing the information on our blog as well. Just another helpful service Silver Creek Real Estate Group provides to buyers and sellers. For additional information on any of these sales or assistance in purchasing or selling property, please call our office at (828) 743-1999 or email me at jlucke@ncliving.com.

For the week of March 30, 2009:

3 bedrooms/3.5 baths condominium at The Views at Highlands Cove sold for $612,000.
3 bedrooms/2.5 baths home in Shoal Creek Crossing sold for $190,000.
3 bedroom home in Woudes Mountain Village sold for $431,000.
1.66 acre lot in Snowbird sold for $50,000.
862 acre tract of land (known as Mount Wilderness) sold for $4,959,000.
6.26 acre lot sold for near Yellow Mountain sold for $235,000.

Light snow in WNC

This past weekend felt like spring was in the air with temperatures in the low 70’s. It was perfect weather to be out on the golf course, hiking or working in the yard. Then, a day later, we had some flurries. Just when it looks like spring has really arrived, one more quick snowfall always seems to sneak in and surprise us.

By mid week, we should be back in the 60’s during the day and it should be a great Easter weekend to spend in the greater Cashiers and Highlands area.

Have you ever wondered how to calculate the revenue stamps (excise tax) on the sale of real estate in North Carolina? The tax rate is $2 per $1,000 of the sales price. So if you purchase a home or land for $900,000, the revenue tax would be $900,000 divided by 1,000 and multiplied by 2, which equals $1,800.

I hope this clarifies how to calculate the revenue stamps on the sale of property in North Carolina. Incidentally, this tax has not been raised since 1991.