Speaker 1: All right. What’s the 2021 year in review?
Speaker 3: The year in review, it was the busiest year ever. We sold the most. We had the most transactions, the most total number of units I’ve ever sold in one year was 65. We’ve done 81 this year. Prices have gone up on average, I’d say in Chatham County. They went up 10%, but there are some areas where the prices have gone up 100% in just the last couple years, which has been phenomenal.
The Chapel Hill North Chatham area has gone up quite a bit. That Jordan Lake Wake County, Chatham County Line has gone up quite a bit. And even Bonlee, Bennett, Goldston, Bear Creek, Gulf, Siler City. Siler City’s been down for such a long time. Siler City market’s gone way up. I expect that’ll continue. And probably one of the biggest rates of appreciation we’ve seen is in the Silk Hope area. The secret’s out on Silk Hope. I’d I mean, gosh, just last year you could pick up land and Silk Hope $6,000 to $10,000 an acre. And it’s probably on average, closer to $20,000 an acre now.
We sold a log cabin in Bennett for $800,000, full price, one weekend, ton of people looking at it. I sold a 2000 square foot home on 10 acres for $60,000 over asking price, multiple offer situation. And we were high. I mean, my analytics CMA said we should be at $500,000, $525,000 maybe. And we went ahead and listed it at $625,000, and it still sold for $685,000, which is just-
Speaker 1: Wow.
Speaker 3: -phenomenal difference. I sold 100 acres in Bonlee, it was almost entirely ponds, and that sold for a half a million bucks. I listed a horse farm for a million and a half and ended up selling for 1.75. So really, really crazy.
Oh, and here’s the biggest thing, really neat thing, this year, 2021, we sold five different properties that had been on the market for eight years or more. So they had been on the market for a long, long time. Two of them we sold had been on the market for 15 years or more. So they weren’t listed with me the entire time, but that just gives you indication of how little inventory there was, and not only that, but the five properties that we sold that had been on the market for eight years or more, two of them sold for more than asking price, two of them sold for asking price, and one of them sold just barely under asking price. So those five properties that have been on the market eventually fetched what the seller wanted.
Our sellers have been all over the place. We’ve had retired teachers, brothers and sisters, estates. We’ve had divorce. We were court appointed. A lot of our business was attorney referred this year, which is real, real important to me. Attorneys were a big source of sellers for me, because they were some complicated land deals, and we’ve had local sellers, and we had an awful lot of, out of stater’s this year. So they had heard that Chatham market was strong, but we really, really were surprised when they said, “Do you think we can get 300 or 400 for this property?” And I’d say, well we’re at 600 or 700, which is really, really shocking to them.
The smallest track we sold was half an acre. The largest track we sold this year was 365 acres. That’s a big track in Chatham County. We sold a town home on a tenth of an acre. We sold an old farmhouse on 108 acres. So, that’s the range. We sold a condo for over a million bucks, and we sold mansion for over a million bucks. It’s just everywhere, all over the place.
So it really was an incredible year. What will 2022 be like? Stay tuned.
