A Moment of Gratitude for Morganton Teachers
Teachers and educators often go unrecognized for their unwavering commitment to education. Engel & Völkers Foothills wanted to express their gratitude to the hardworking educators at Freedom High School by providing 100 cups of coffee from the local Morganton coffee shop, Little Guatemala. By partnering with Little Guatemala, Engel & Völkers not only showed appreciation to the teachers, but also extended support to a local business. This small gesture shed light on the invaluable contributions that teachers make and provided a well-deserved moment of appreciation.
The event took place on Monday, November 6th and couldn't have come at a better time as teachers had an unusually long day for parent conferences. While teachers waited in line to place their orders, team members from Engel & Völkers shared conversation amongst one another. Engel & Völkers has proudly served the real estate needs of clients in Burke, McDowell, Caldwell and Catawba counties since 2003. Featured Engel & Völkers team members in attendance: Polly Leadbetter, Owner Laura Faria, Real Estate Advisor Loralie Clark, Real Estate Advisor
Contact Engel & Völkers Foothills today for your real estate needs.
www.foothills.evrealestate.com
828.584.9999
1429 Old Dry Creek Road, Morganton, NC
Stunning Waterfront Home at Lake James!
This stunning lake home is an equally perfect vacation or full time home. Spacious open floor plan with 2 primary suites on the main level, flex space, great room w/all new hardwoods & massive stone fireplace. Cooks kitchen with plenty of workspace & island w/seating for gathering. Laundry, dropzone & half bath off garage entry w/finished media room above for movie nights. Guests or extended family will have plenty of room in the finished lower level. Generous family room with full kitchen makes entertaining simple. Third ensuite bed/bath with tiled shower and soaking tub. Exercise room & additional room for sleeping/office space. Enjoy the view or entertain on the covered front and rear porches or lower level patio. Gravel path to the lake side w/firepit, deck seating & floating pier w/ lift. Quiet cove for floating & swimming. Short drive to Asheville, Charlotte and Blowing Rock. 15 minutes to Morganton shops/restaurants. Community pool & Fonta Flora MTB trail access in community. View complete listing.
https://youtu.be/IsA8iMEaIpI
Offered at: $1,450,000
Listing Advisor: Polly Leadbetter
828.443.5407
Polly.leadbetter@evrealestate.com
Foothills.evrealestate.com
315 Lakeview Trail, Nebo, NC
Come home to the NC Mountains!
315 Lakeview Trail, Nebo, NC
BREATHTAKING LONG-RANGE MOUNTAIN VIEWS!! This gorgeous craftsman home fully encompasses the word custom - tons of upgrades & the highest quality materials. Situated on 1.3 acres in highly desirable gated community Grandview Peaks, the split BR layout offers 2 large en-suites w/ main level living. High ceilings & picture Pella windows in Great Room look out to dramatic views of Table Rock & Grandfather Mountains. Primary BR/BA w/ custom tile shower & sunroom currently used as an office. Huge kitchen w/ handmade Birch cabinets, granite counters, 4'x8' island, built-in LG appliance, porcelain farm sink. Screened porch off kitchen w/ memory vinyl & marine-grade LVP floors. Covered back porch w/ double mountain views. Huge laundry room w/ pet shower; 2 car garage. Huge guest suite. Rosewood floors & porcelain tile throughout. Custom Graber shutters on all bed/bath windows. James Hardy Dream Collection siding w/ lifetime warranty. Gorgeous landscaping, fenced front yard, Don't Miss This One! Offered at $749,900. View complete listing.
Offered at: $645,879
Listing Advisor: Cory Coady
704.682.2924
Cory.Coady@evrealestate.com
Foothills.evrealestate.com
1331 Paddys Creek Road, Nebo, NC
If you love the Lake James area but want a little space from neighbors, this is your place! Very private home on 38 acres just minutes from Lake James. This 3 bedroom, 2.5 bath one level home is perfect for full time living or a sweet vacation spot away from it all. Primary suite has zero entry shower and large walk in closet. Hardwood floors throughout the entry, dining area, living room and kitchen. Gas cooktop, double ovens, a large island and breakfast nook open to the living area. Separate laundry and mudroom. Wrap around porch and sunroom with woodstove & propane wall heater. Large shed for tools & detached 32x24 garage/shop w/office area, stub out plumbing for a bath and 3 covered wings on the exterior. Bring your horses or ATVs. Trails throughout and Shack Branch Creek runs through this property. Fabulous short and long mountain views with some tree trimming if you prefer. Enjoy established gardens, fig trees and blueberry bushes and all the privacy you could wan Offered at $749,900. View complete listing.
Contact listing advisor with Engel & Völkers Foothills, Polly Leadbetter to schedule your showing.
828.443.5407
Polly.Leadbetter@evrealestate.com
Real Estate Outlook
The real estate market in 2023 was expected to be more balanced and predictable than in recent years. We still saw home prices rising but at a slower pace than in 2021 and 2022. This is due to a number of factors, including rising interest rates, inflation, and a shortage of homes on the market.
● Slowing home price growth: Home prices are still expected to rise in 2023, but at a slower pace than in previous years. The National Association of Realtors (NAR) predicts that home prices will rise by 5.4% in 2023, down from 16.9% in 2021 and 10.7% in 2022.
● The National Association of REALTORS® reported that home prices continued to rise in the second quarter of 2023. National median prices fell 2.4% year-over-year to $402,600. Median home prices rose by 8.5% compared to the previous quarter.
● More homes for sale: The inventory of homes for sale is expected to increase in 2023, as more homeowners decide to sell and new home construction picks up. This will give buyers more options to choose from and could help to moderate home price growth.
● Rising interest rates: Interest rates have risen in 2023 as the Federal Reserve tries to combat inflation. This will make it more expensive to buy a home, but it could also lead to more sellers putting their homes on the market, as they become less affordable to hold.
● Current interest rates for a 30 year mortgage are hovering above 7.5% which is the highest they have been since early December of 2000.
● Affordability challenges: Higher home prices and interest rates will make it more challenging for first-time homebuyers and other buyers on a budget. However, there are still a number of government programs and other resources available to help these buyers purchase a home.
Buyers are likely to have more options to choose from, but they will also need to be prepared for higher interest rates and affordability challenges. Current trends in buyers include:
● Increased demand for sustainable homes: Buyers are becoming more interested in sustainable homes that are energy-efficient and environmentally friendly. This trend is likely to continue in 2023, as more homeowners and buyers become aware of the benefits of sustainable living.
● Growing popularity of remote work: The COVID-19 pandemic has led to a surge in remote work. This trend is likely to continue in 2023, and it could have a significant impact on the real estate market. For example, more people may be willing to move to less expensive areas if they can work remotely.
● Rise of iBuyers: iBuyers are companies that use technology to buy and sell homes quickly and easily. iBuyers are becoming increasingly popular, and they could have a significant impact on the real estate market in 2023.
If you are thinking about buying or selling a home in the next 6 months, it is important to be aware of the
latest trends and developments in the real estate market. Working with a qualified and LOCAL real estate
agent can help you to make informed decisions and get the best possible deal.
Polly Leadbetter
Broker/owner
Engel & Völkers Foothills
145 Parton Avenue, Morganton, NC
Welcome to one of the premiere horse training facilities in North Carolina. Producing 5 world champions and located just one hour from Tryon NC, this 13+ acre property is the perfect location for horse lovers and also has cattle capabilities. 3BR, 2 BA brick ranch with full unfinished basement. 2 car carport. House updated in 2020 with new roof, new windows, and ductless mini split. Plumbing updated in 2015. Large barns with a total of 25 stalls - 11 interior and 14 exterior. Outdoor and indoor arenas. Proximity to I-40 is highly desirable for out of town clients with transport trailers. Large circular drive with ample parking. Wonderful opportunity for boarding and/or training horses. Stream runs through property and is currently fenced out but livestock reentry is available as ACSP requirements are met. Great opportunity for those looking for income producing property. Offered at $615,000. View complete listing.
Contact listing advisor with Engel & Völkers Foothills, Monica Wakefield to schedule your showing.
828.403.6003
Monica.Wakefield@evrealestate.com
468 Cappuccino Drive #127, Nebo, NC
Beautiful Lake James and mountain views from this .80 acre waterfront homesite. Sloping lot with views toward the Blue Ridge. Rock shoreline for natural stabilization. Perfect spot for your full time residence or vacation home with walkout basement. Lot located on quiet culdesac in gated community of The Arbor on the southwestern end of Lake James. Well and septic needed. *200 feet water frontage with 78 feet allowable dock frontage. Lot recently surveyed. Just 10 minutes to downtown Marion shops, restaurants and breweries. Offered at $265,000. View complete listing.
Contact listing advisor with Engel & Völkers Foothills, Dianne Riehl to schedule your showing.
828.443.2172
Dianne.reihl@evrealestate.com
82 Box Creek Trail, Nebo, NC
4 Bd | 3.5 Ba | 3,108 sqft | 2.26 acres
As you approach this gorgeous mountain home located in Grandview Peaks, you'll be awed immediately by the beautifully landscaped property that welcomes nature & neighbors alike. This gentle meadow features a fire pit, orchard & numerous natural areas. You will mesmerized by scenic layered mountain views showcased through the picture windows that stretch to the high cathedral ceilings. Unique wood accents throughout. Open floor plan flows seamlessly from spacious living room to dining & kitchen, inviting friends & family to gather. The floor to ceiling stone fireplace is a statement in itself. You'll want to cook in this kitchen surrounded by large granite counters, island & adjacent bar. Custom cabinetry w/ tons of storage. LG SS appliances include 2 wall convection ovens, dishwasher & fridge. Italian ceramic white farm sink. Primary en-suite includes soaking tub & walk-in shower. 3 en-suites in total & 2 smaller bedrooms. Downstairs family room is ideal for entertaining. Offered at $949,900.
Contact listing advisor, Cory Coady to schedule your showing!
https://youtu.be/DJcpWOkx1rk
1610 Lillians Court Point, Morganton, NC
This thoughtfully reconstructed home in the community of East Shores on the SE side of Lake James affords all the attributes you've been waiting for. Attention to every detail, high end appliances, granite countertops and custom cabinetry are a few of the many design features of this custom redesigned home. With over 2.6 acres of waterfront beauty, your dream home on Lake James awaits. 165 ft of shoreline and 2 docks with plenty of space to enjoy the quiet cove and mountain views. This custom Lake James home features 3 bedrooms and 3.5 baths.
Contact listing advisor, Laura Faria to schedule your showing! View complete listing.
https://youtu.be/-nuBsTLxE0g
Is Now the Right Time to Buy?
People choose to purchase a home for a variety of reasons. Space, privacy, proximity to family and friends, and a sense of community can contribute to the decision to buy a home. Tax breaks, transportation, amenities, and the opportunity to build equity are also factors. But the biggest reason cited by homebuyers is simply the desire to own. According to the National Association of REALTORS, 75% of first-time buyers are former renters. They prefer to build equity for themselves rather than for someone else.
What are your goals for buying a home? You might want a better home and neighborhood. You might want a different kind of living experience, such as moving from an apartment to a single-family home with a private garage and yard. Your family may be growing, so you have think about school districts and proximity to parks and other recreation.
Renting is a short-term convenience, and a great hedge when property prices are spiraling downward. But for long-term gains, tax benefits and building equity, owning a home is better. So how do you know if it's the right time to buy?
Only you know if you're in the right position to buy a home. Your lender will let you know how much home you qualify to buy. Your real estate professional can help you find neighborhoods and homes that are within borrowing limits. Compare the rent you're paying now with the monthly payment you'll be making including property taxes and hazard insurance.
Ultimately, you will know if it is the right time to buy if you can picture yourself living in your new home, comfortable with. your new neighborhood as well as with your mortgage payment.
To learn more about buying a property with Engel & Völkers Foothills, visit the link or give our office a call at 828.584.9999.