The Cliffs Property Report | Q3 2024

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JANUARY – SEPTEMBER AT A GLANCE *

At the close of the third quarter of 2024, The Cliffs closed $248,942,915 in sales volume, encompassing 228 transactions. With 63% market share based on transactions across all seven communities, Cliffs Realty alone managed 144 sold transactions totaling $152,822,652 in volume, with another 24 pending transactions totaling $28,297,500.

96 H OME TRANTSACTIONS

132 HO MESITE TRANSACTIONS

$201,015,902 H OME VOLUME

$47,926,147 H OMESITE

$2,093,915 AVERAGE HOME SALE PRICE $363,077 AVERAGE HOMESITE SALE PRICE

CLIFFS REALTY

A NOTE FROM THE DIRECTOR OF SALES

Although the number of transactions has remained steady—141 in 2023 compared to 144 in 2024—sales volume has increased significantly across The Cliffs. This growth is driven by two key factors: an 11% rise in home sales and a steady upward trend in both homesite and home prices. The surge in home sales reflects strong demand from buyers eager to experience The Cliffs club lifestyle and world-class amenities. Meanwhile, with fewer homes available, homesite sales continue to thrive, offering buyers the opportunity to build their desired home in this highly sought-after community. As the only brokerage dedicated solely to selling The Cliffs, we are committed to showcasing your property and the exceptional lifestyle within our gates. If you are interested in selling or purchasing additional property, please reach out to our team today.

Warm regards,

R ichard Seay, Director of Real Estate Sales

CLIFFS REALTY REGIONAL UPDATES

Th e ASHEVILLE REGION

$19,064,862 IN SALES VOLUME

12 TRANSACTIONS

Th e LAKE REGION

$81,219,500 IN SALES VOLUME

67 TRANSACTIONS

Participated in 67 of the 99 sales in The Lake Region

Th e MOUNTAIN REGION

$52,538,290 IN SALES VOLUME

65 TRANSACTIONS

Participated in 65 of the 92 sales in The Mountain Region

$4,000,000 Keowee Springs 125 Waterfern Court

128 Hermitage Drive

$5,500,000 Keowee Springs

Tim Enterkin LAKE REGION
Chris Shelnut LAKE REGION
Vince Roser ASHEVILLE REGION
Justin Coleman LAKE REGION
Matt Hendrix LAKE REGION
Zack Thomas LAKE REGION
Scott Reid LAKE REGION Ashleigh Connel
JoAnn Roser
Angela Osborne MOUNTAIN REGION
Richard Seay DIRECTOR OF SALES
Frank Nix ASHEVILLE REGION

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