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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.

5 Memorial Day Facts You May or May Not Know

1. Memorial Day was Originally Named “Decoration Day”

In 1869 Major General John A. Logan established Decoration Day as a day to honor the graves of those who died in the Civil War. In 1971 Decoration Day was changed to Memorial Day, placed on the last Monday in May and declared a national holiday by an act of Congress. It also evolved to include all wars to commemorate our American military.

2. National Moment of Remembrance

Observance of Memorial Day takes place at 3pm local time and asks Americans to pause in silence to honor our fallen heroes.

3. Memorial Day Flag Etiquette

To honor our American military, a unique flag etiquette was created for Memorial Day. At sunrise, the flag should swiftly be raised to full staff then slowly lowered to half-staff. This is to honor all the men and women who have fallen in the line of duty. At noon, the flag is swiftly raised back to full-staff to salute all of those who have served.  

4. Tradition of Wearing Red Poppies

This tradition originated from John McCrae’s 1915 poem, In Flanders Fields. As a WW1 brigade surgeon, McCrae was struck by the sight of the red flowers growing on a ravaged battlefield. The red poppy symbolizes honor and remembrance.

In Flanders Fields

BY JOHN MCCRAE
 
In Flanders fields the poppies blow
Between the crosses, row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.
 
We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved, and now we lie,
In Flanders fields.
 
Take up our quarrel with the foe:
To you from failing hands we throw
The torch; be yours to hold it high.
If ye break faith with us who die
We shall not sleep, though poppies grow
In Flanders fields.

5. Fun Fact

818 Hot Dogs are eaten per second during the Hot Dog season which begins Memorial Day thru Labor Day. What are some of your favorite toppings? Have you ever had a Lured Dog? House-Made Pimento Cheese, Bacon, Super Food Slaw, Mustard on an All-Beef Hebrew National Dog on Duke’s® Mayo “Buttered” Bun -Check out Lured Market in Lake Lure, NC for some delicious, hand crafted hot dogs this summer!!  https://www.luredmarketandgrill.com/

Happy Memorial Day from Pinnacle SIR

Best Real Estate Website

The votes are in and sothebysrealty.com has officially been named the Best Real Estate Website in the People’s Choice Category in the 25th Annual Webby Awards. Acclaimed as the “Internet’s highest honor achievement” by The New York Times, The Webby Awards is the leading international awards organization honoring excellence on the Internet.  

The Webbys honors excellence in seven major media types and presents two honors in every category-The Webby Award and The Webby People’s Voice Award. The People’s Voice Award  garners millions of votes from all over the world. 

 

sothebysrealty.com 

Not only is this website beautiful to look at it is incredibly user friendly. Filter exclusive Sotheby’s Realty listings by exactly what you’re looking for. Price point, lifestyle, rentals, etc…..or just browse through some of the interesting stories that are captured through the Brand News, Featured Blogs and Headlines. 

CREDIT THE TEAM

Behind the scenes, a group of dedicated individuals at sothebysrealty.com works diligently to provide their affiliates with an outstanding website that enjoys continual growth year after year. It truly does take a village, and we are honored to be a part of this incredible team.  

We congratulate Sotheby’s International Realty and all affiliates worldwide, on this well-deserved award!!

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.

Welcome Ken Williams!!

Please join us in welcoming Ken Williams to our Pinnacle Sotheby’s International Realty family.  Ken has lived and worked in Real Estate in Lake Lure for more than 25 years. 

2018 Year End Review

 

2018 has been a great year for Pinnacle Sotheby’s International Realty. We have added three exceptional new agents – Wes and Cathy Cleary of TEAM CLEARY who had the company’s highest listing that resulted in the highest sale of the year and Alan Rieger, who sold his first home with the company less than a month after signing on.

We ended the year with a 35% increase from 2017 and finished with over $22 Million in our Volume Sales!

Our company listed 81 properties and sold 56 in 2018.

We have expanded our geographic interest by adding Lake James and Lake Lanier to our waterfront focus and also have agents licensed in South Carolina.


STATISTICS

Pinnacle SIR Stats 

Thomas McKay

Top Sale-$1,442,500

Average Sold Price-$818,000

Michael Holden & Kevin Swerdlin

Top Sale-$1,299,000

Average Sold Price-$448,744

TEAM CLEARY-Wes & Cathy Cleary

Top Sale-$1,442,500

Average Sold Price-$545,833

Alan Rieger 

Top Sale-$1,000,000

Average Sold Price-$459,850


MLS Stats

Lake Lure 

Average List Price-$495,909

Average Sold Price-$363,048

Total Homes Sold-132

Average DOM-135

Rumbling Bald Resort

Average List Price-$453,806

Average Sold Price-$349,247

Total Homes Sold-39

Average DOM-197

Lake Adger

Average List Price-$558,160

Average Sold Price-$514,225

Total Homes Sold-23

Average DOM-91

Tryon

Average List Price-$518,283

Average Sold Price-$342,967

Total Homes Sold-117

Average DOM-102


 

2018 Significant Sales

255 Deerwood Drive Lake Lure, NC 28746 Sold at $1,442,500

139 Storm Ridge Lake Lure, NC 28746      Sold at $1,400,000

111 & 212 Fiddlehead Ln. Zirconia, NC 28790 Sold at $1,299,000

MARKETING 

When your home is represented by the Sotheby’s International Realty® brand it benefits from the worldwide recognition and prestige of the Sotheby’s name and gains exclusive access to highly qualified global clientele.

For those looking to sell their luxury estates, our experienced associates are equipped with the marketing tools needed to ensure your property is presented to a global audience of qualified and interested buyers. Our luxury real estate marketing is designed to give you the competitive edge by increasing interest in your property and engaging our audience both online and off. The Sotheby’s International Realty network acts exclusively on behalf of our client’s individual needs and offer the utmost discretion when helping market and sell your estate.

When a listing is marketed through the Sotheby’s International Realty network it immediately begins a journey to worldwide exposure!


 

 

A Productive November

Our office has closed over $6.5 million in real estate just this month!

Meticulously Maintained Waterfront Home on Lake Lure

Intriguing and meticulously maintained Lake Lure waterfront home. Features include a large great room with floor-to-ceiling windows, kitchen with Corian counters and center island, two fireplaces, main level Master Suite, 2 bonus rooms on the upper level, a large laundry/craft room, and a two-car attached garage. The waterfront features a large boathouse with sun deck, and extensive rock wall terracing and landscaping.

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