Check out the Third Quarter Fearrington Market Report here.

View the market report for January-June here.

Sales in Fearrington were brisk during the Spring market after a relatively sluggish winter. Quite a few Fearrington residents have started moving into their Galloway Ridge homes since the first units were complete in August, and as a result there is a large supply of homes currently on the resale market in the Multiple Listing System. Overall, the market for Fearrington continues to strengthen, with more and more interest in Fearrington as a less expensive alternative to Meadowmont and Southern Village in Chapel Hill. Pittsboro has become more of a destination in its own right, and we are likely to continue to see an increase in demand for homes in Fearrington of all types.

The number of sales was down in the third quarter, but that is typical for this time of year and to be expected. It will likely take a few months for the additional inventory caused by the movement into Galloway Ridge to be absorbed. At Lynn Hayes Properties, we have had an upsurge in contacts from out of state people seeking to relocate to the area, particularly for retirement. For many, the hurricanes that have hit Florida recently have made North Carolina and particularly Fearrington a more attractive alternative.

If you have any questions about this information or would like to know more about the value of your own home, please call us or send Lynn an email: lynn@lynnhayes.com. To learn more about our High Impact Marketing System, visit us on the web at www.lynnhayes.com.