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Agent Spotlight – Greg Szabo

Our agents are known in the community for their integrity and the exceptional level of service they provide. Greg is one of those agents and joined our team as a trusted consultant to his clients. After several years out west, he chose Lake Lure for its charm and serenity and to continue his real estate career. 

 

Greg’s talent is rarely found, a plus for his clients. He continues to diligently stay abreast of current market trends, and he can quickly assess whether an investment makes financial sense. His commitment has gone beyond the old standard of customer satisfaction to a new standard of customer elation, exceeding every expectation and in the process establishing lifelong relationships. 

When not supporting his clients in finding their dream home, Greg loves spending time outdoors, including working part time at Canopy Ridge Zipline.   


Here are some of Greg’s significant “Recently Sold” Homes on the buyer’s side.

View all of Greg’s listings HERE.

Agent Spotlight – Ken Williams

Ken joined us in 2020 bringing with him expert real estate knowledge particularly in and around Rumbling Bald Resort. With over 25 years of experience, Ken is a huge assent to out team. 

Ken is incredibly talented and has a knack for helping his clients as evidenced by his list to sale ratio. Some properties even going to contract less than 24 hours after being listed. 

Our favorite thing about Ken is that he brought us our now resident furry friend, Edna. She brings joy and happiness to everyone she meets and we love her so so much!!


Here are some of Ken’s significant “Sold” Homes.

View all of Ken’s listings HERE.

Agent Spotlight – Kevin Swerdlin

 

Kevin Swerdlin comes to us from Wellington, FL from Equestrian SIR and has been with us for over 5 years.  His knowledge of equestrian properties gives him an edge when working with clients.

Kevin’s outgoing personality and charming character make him easy to talk to and fun to be around. His clients know that they can trust his knowledge and expertise when going through the buying or selling process.  Kevin is a licensed agent in both North and South Carolina as well as Florida.


Here are some of Kevin’s significant “Recently Sold” Homes.

View all of Kevin’s listings HERE.

Agent Spotlight – Michael Holden

 

Mike Holden has been with Pinnacle Sotheby’s International Realty from the beginning. His knowledge and expertise of the local market helps him strategically cater to each one of his client’s needs.

Mike is personable and easy going. His way of explaining the real estate process is easy to understand. Mike is a licensed agent in both North and South Carolina.


Here are some of Mike’s significant “Recently Sold” Homes.

Check out all of his listings here.

The Market Report – Western North Carolina 2014

Looking at the nation’s housing and economic indicators, there is plenty of positive news to justify continued investor optimism in 2015.

THE GENERAL MARKET

The housing recovery has progressed in fits and starts this year, with historically low mortgage rates and the strongest job gains since 1999 slowly luring buyers into the market. The average 30-year, fixed-rate mortgage was 3.93 percent in the week ended Dec. 11, down from 4.53 percent at the start of January, according to data from Freddie Mac in McLean, Virginia.

At the 2014 Realtors Conference & Expo, Lawrence Yun, chief economist for the National Association of Realtors, or NAR, predicted a rebound for existing home sales for the next two years, and he projects the national median existing-home price will rise at a moderate 4 percent in each of those years.

On the new home front, David Crowe, chief economist for the National Association of Home Builders, forecasted in an Oct. 31, 2014 National Association of Home Builders webinar that multi-family housing starts were projected to increase 15 percent in the rest of 2014 and hold steady in 2015.

Two major concerns remain: tight lending standards, which continue to keep people who could otherwise afford to buy a home from qualifying for a loan to finance the purchase, and interest rates, which are expected to hit at least 5 percent by year-end. However, as the run-up in home prices decelerates and lending standards become less strict, homeownership may become more attainable for many Americans. Starting Dec. 13, Fannie Mae is allowing lower down payments for first-time buyers and permitting borrowers who are refinancing to reduce equity to 3 percent to cover closing costs.

THE LUXURY MARKET

U.S. millionaires see real estate as the top alternative-asset class to own this year, according to Morgan Stanley.

About 77 percent of investors with at least $1 million in assets own real estate, according to a survey released today by the New York-based investment bank’s wealth-management unit. “After a year where the Standard & Poor’s Index rose 30 percent, some millionaires are moving money out of traditional, long-only strategies to find outperformance, and turning toward alternatives such as real estate and private equity,” said Gary Kaminsky, a vice chairman at Morgan Stanley Wealth Management in New York. “Sophisticated, high-net-worth investors are much more concerned about losses.”

Wealthy foreigners have bought high-end U.S. properties for their safety and because they’re denominated in dollars, the world’s reserve currency, he said. This helps domestic millionaires maintain the value of their property investments. This is creating competition, which drives U.S. real estate prices up. U.S. sellers have multiple channels to sell into which gives them more liquidity.

THE FORECLOSURE AND REO MARKET

The number of U.S. properties in the process of being foreclosed upon dropped last year to its lowest level since 2006, real estate data firm RealtyTrac said on January 15th, 2015. In total, 1,117,426 properties were at some stage of foreclosure proceedings in 2014, down 18 percent from 2013 and off 61 percent from the peak of the aftermath of the housing collapse in 2010, when 2,871,891 properties had foreclosure filings under way. The data for the year overall showed the foreclosure market is “close to finding a floor and stabilizing at a historically normal level,” Daren Blomquist, vice president at RealtyTrac, said in a statement.

THE REAL ESTATE MARKET IN WESTERN NORTH CAROLINA

When compared to 2013, the real estate market is up in almost all counties of Western North Carolina. In 2014, the counties of Western North Carolina posted a total sales volume of $2,011,717,532, selling 9,286 properties, up % over 2013.

PINNACLE SOTHEBY’S INTERNATIONAL REALTY

2014 was an extraordinary year for us. Here are some of our highlights: • Over $12,000,000 in total sales • Top office in Lake Lure • Highest sale in Henderson County • Third highest sale in Rutherford County • Second highest sale in Lake Lure • Ranked 13th in the Hendersonville Board of Realtors • Highest average transaction in Lake Lure We look forward to a prosperous 2015!

Click HERE to read the full report

The Market Report – 4th Quarter 2014

Overall, the 4th quarter of real estate sales in Western North Carolina continued the trend of a slightly improving market; especially in the more affluent areas of Asheville and Hendersonville.

The Grove Park area, along with Beaver Lake and Reynolds Mountain show 27% increase in sales price and a 22% increase in units sold.

South Asheville including Biltmore Forest, The Ramble, and Biltmore Park also posted a higher 4th quarter compared to 2013, as did both Champion Hills and Kenmure in Henderson County.

Lake Lure again showed a decrease in overall sales despite the second highest sale on the Lake happening in December.  Thankfully, activity has returned to Rumbling Bald Resort, which didn’t record a single sale last quarter and is only slightly down from the 2013 4th quarter.

Click here to read the full report.

The Market Report – 3rd Quarter 2014

Overall, the real estate in Western North Carolina either stayed level or improved from the 2nd to the 3rd Quarter.

Primary market neighborhoods like Biltmore Forest, with it’s million dollar plus homes, Biltmore Lake, and Haw Creek, showed a modest increase in sales, more transactions, and higher list price to sale price percentage.

Lake Lure however, has shown a decrease in number of transactions and high-dollar sales. However, to put that in perspective, Lake Lure is a resort community of mostly secondary homes and the prime selling season is from Memorial Day to Labor day, so the decrease is to be expected.

Click here to read the full report