1676 Buffet Circle Hickory NC 28602

New construction in Mountain View features hardwood floors, fireplace, arched doorways, ceramic tile, double attached garage, full basement. Large master suite with dual vanities and garden tub. Modern neighborhood convenient to HWY 321, I40, Target, Apple and more. Owner financing with down payment or trade-in and assistance with selling your current home available. Take advantage and make your move in 2012!
Address: 1676 Buffet Circle
City: Hickory
State: NC
ZIP: 28602
Subdivision: Berkshire Place
Square Feet: 1600-1700
Bedrooms: 3
Bathrooms: 2.5
Acres: .41
Year Built: 2009
Listing courtesy of R A Joyce Construction (828) 381-2520.
Schedule an appointment to view 1676 Buffet Circle Hickory, NC 28602.
Perspective On The Catawba County Real Estate Market
Remember 2007? The good old days when real estate values in Catawba County were reaching an all time high. Back when getting a loan was painless and everyone qualified for something. Back when you could borrow as much or more money than your home was worth.
In 2011 those that purchased or refinanced property at the peak of the market are faced with a harsh reality. Their property is likely worth less than what they paid for it. Less or little more than what they owe for it.
A glance back at Catawba County’s real state market for single family “stick-built” homes in 2007 shows 1327 sales with a sales volume $232,550,258.00, an average sales price of $175,245.00, a median sales price of $140,900.00, and homes sold after about 129 days on the market.
For comparison the first ten months of 2011 has produced 651 sales with a sales volume of $99,307,284.00, an average sales price of $152,545.00, a median sales price of $122,000.00, and homes sold after about 179 days on the market. Of course there are still two months left this year, but there is no reason to anticipate November and December sales will significantly improve 2011′s numbers.
Based on the number of homes sold during the first ten months of 2011 there is enough existing inventory to supply the demand through most of January in 2013. That’s if none are added.

The the fair market value of the average home in Catawba County has declined about 13% since 2007.
So what does all this mean?
Buyers
To buyers this means they are clearly in the driver’s seat. Nonetheless, finding a fair market value won’t be easy. The staggering inventory level suggests most sellers have no immediate need to sell. Others simply can’t afford to sell their property for what its worth. Buyers will continue to face competition from other buyers for the few attractively priced properties.
Sellers
To sellers it means times are tough. In order to succeed at selling their property they will likely settle for less, some considerably less than what they had hoped for. They face competition from others like them and increasing competition from lenders including banks, credit unions, and government sponsored entities. In 2007 lenders disposing of properties they acquired through the foreclosure process accounted for about 6.31% of Catawba County homes sales. In the first ten months of 2011 the market share for these “bank owned” homes was 17.72%. That might sound bad, but it’s worse in some adjoining counties.
Both
Historically low interest rates favor both buyers and sellers. Whether it’s increasing the purchase power of qualified buyers or providing qualified home owners the opportunity to replace or restructure their existing mortgages, low interest rates make home ownership more affordable. Perhaps one day we will look back at today’s interest rates and realize, those were the good old days.
Data contained herein is from the Multiple Listing Service of Catawba Valley, a wholly owned subsidiary of the Catawba Valley Association of Realtors®. Opinions expressed are solely the opinions of the author and are not the opinions of the Catawba Valley Association of Realtors® or its membership as a whole.
1327 36th Ave NE Hickory NC 28601
Enjoy the rocking chair porch, the four-season sunroom, or relax in front of the fireplace….take your pick, but don’t wait long! This is a well-maintained and clean as it gets classic Cape Cod style home in desirable NE Hickory. The full unfinished basement has a garage and walk-out door and is perfectly suited for a workshop in addition to providing plenty of extra storage. Deck overlooks nice backyard. This home got a new roof in 2008 and new energy smart water heater in 2010. Master suite, kitchen, laundry, and double attached garage parking all on the main level.
Address: 1327 36th Ave NE
City: Hickory
State: NC
ZIP: 28601
Subdivision: Sandy Ridge Acres
Square Feet: 1704
Bedrooms: 3
Bathrooms: 2
Acres: .49
Year Built: 1990
HOA Fees: None
Elementary School District: Clyde Campbell
Middle or Jr. High School District: Arndt
High School District: St. Stephens
HOA Fees Pay For: N/A
Note concerning tax value: Catawba County’s tax assessment report shows 1238 sqft total living area. A more accurate floorplan sketch is available for review in Associated Documents.
Associated Documents
Click the link to download PDF copies of:
Seller’s Agent Disclosure
Floorplan Sketch
Listing information courtesy of Pless Realty Services (828) 326-8822.
Schedule an appointment to view 1327 36th Ave NE Hickory, NC 28601.
160 17th St Pl NW Hickory NC 28601

Desirable end unit at Coach House. Kitchen, dining and living areas on main plus a half bath, private courtyard and laundry closet. Upstairs has two bedrooms and the full bath. Great Hickory location convenient to HWY 321 and reasonable commute to the High Country and the Charlotte Metro.
Address: 160 17th St Pl NW Unit B-6
City: Hickory
State: NC
ZIP: 28601
Subdivision: Coach House
Square Feet: 1012
Bedrooms: 2
Bathrooms: 1.1
Acres: 0.00
Year Built: 1968
HOA Fees: $100 Per Month
Elementary School District: Longview
Middle or Jr. High School District: Grandview
High School District: Hickory
HOA Fees Pay For: Master Insurance Policy, Taxes & Insurance For Common Areas, Exterior Maintenance, Water & Sewer.
Listing information courtesy of Pless Realty Services (828) 326-8822.
Click here to schedule a showing.
Click here to request more information.
Bank Owned (REO) Market Share Analysis
Let’s take a look at bank owned market share. The sales data analyzed is from the Multiple Listing Service of Catawba Valley (MLSCV), and was current for the year to date on April 29th, 2011. Projections are based on pending homes sales.
Alexander County
In Alexander County there have been $6,302,425 spent on homes sold through the MLSCV. 21.77% of the dollars were spent purchasing bank owned homes. This is the lowest percentage in the area. The data suggests the banks will gain market share in Alexander County in the second quarter of 2011.
Market share year to date: 21.77%. Projected market share in the second quarter of 2011: 31%.
Catawba County
In Catawba County there have been $35,199,005 spent on homes sold through the MLSCV. 23.79% of the dollars were spent purchasing bank owned homes. This is the second lowest percentage in the area. The data suggests banks will lose market share in Catawba County in the second quarter of 2011.
Market share year to date: 23.79%. Projected market share in the second quarter of 2011: 14%.
Caldwell County
In Caldwell County there have been $13,841,910 spent on homes sold through the MLSCV. 32.81% of the dollars were spent purchasing bank owned homes. This is the second highest percentage in the area. The data suggests banks will gain market share in Caldwell County in the second quarter of 2011.
Market share year to date: 32.81%. Projected market share in the second quarter of 2011: 49%.
Burke County
In Burke County there have been $4,687,225 spent on homes sold through the MLSCV. 41.63% of the dollars were spent purchasing bank owned homes. This is the highest percentage in the area. The data suggests banks will gain market share in Burke County in the second quarter of 2011.
Market share year to date: 41.63% Projected market share in the second quarter of 2011: 48%
The opinions expressed here are strictly those of the author, and do not represent the opinions of the Multiple Listing Service of Catawba Valley, Inc..
Which County Is Hickory North Carolina Located In?
Hickory is predominantly located in Catawba County, but includes addresses in southern Caldwell County, southern Alexander County, and eastern Burke County. The City of Hickory’s municipal offices are located in Catawba County at 76 North Center Street Hickory, NC 28601.
Greater Hickory Metro Residential Real Estate Trends March 2011
Once again Caldwell County led the way with just over 12% of all available inventory under contract. Most notable is that all counties posted gains over last month, signaling the arrival of the home selling season. Hildebran, Sherrills Ford, Hudson, Hickory, and Granite Falls comprise the top top 5 sub-markets this month. Banks (REO) continue to far outpace all other owners.
To review, our methodology compares unsold home inventory with homes that have a contract for eminent sale (status “pending”). The scope of the analysis is the Greater Hickory Metro and its largest sub-markets. Sub-markets are based on zip code. Hickory’s zip codes 28601 and 28602 are filtered by county. The counties and sub-markets are ranked according to their percentage of pending homes sales.
This month’s rankings are available for download (PDF) by clicking this link: Pending-Home-Sales-03-27-2011.
We invite you to subscribe to our blog for updates on real estate trends and other news of local interest. Better yet, lend your own perspective by leaving your comments below. Thank you for participating!


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