HOA Fall 2024 Newsletter

Happy Fall! Just a quick update from Highlands and Cashiers Sotheby’s International Realty regarding the real estate market in Cullasaja Club. The current overall market is up thirty-one percent volume wise and six-percent in unit sales. Firstly, we extend heartfelt gratitude to all our friends and clients for your support! Compared to the overall market, 2024 sales inside our precious Club have increased over two and one-half times over 2023. Twenty-two homes have sold in 2024 compared to ten homes in 2023 for a volume of $60 million compared to $25 million in 2023. Highlands Sotheby’s International Realty transacted seventy-three percent of all these sales. Many of the buyers walk into our office on the corner of Main Street and Highway 64 as first-time buyers interested in learning about the area. We promote Cullasaja Club as the best Club on the entire Plateau and often convince them that Cullasaja Club is the best fit and the right match. A headline sale occurred this week which is noteworthy to report. John Lupoli, developer of The Summit at the top of Cullasaja Club, built a beautiful spec home which we just listed two weeks ago for $7,250,000. The home went under contract in twenty-four hours based on a Sotheby’s broker assisting another broker who led them straight to this home. This property closed last week very close to the asking price. Congratulations to the seller & buyers of this spectacular home! Currently, there are nine homes on the market with three under contract. We have some pocket listings that are also under contract. Demand is high, and we have a long list of buyers looking for specific properties. If you are thinking about selling, please let us visit with you to assess what you might be able to achieve in this robust market. Thank you again for your support and friendship. We are extremely grateful to continue to represent the interests of the homeowners inside Cullasaja Club and promote these increased values. Prosperous Times in Cullasaja Club in 2024

Warmest Regards, Wood and Jody

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