July 2017

Market Report for June 2017

Days on the market shrunk significantly from May to June, as is traditional in our market, with the change in average price continuing to show double digit growth over last year. Despite a large number of sales, more inventory has come to the market, as we predicted, giving us a slightly larger supply of homes than last month. The hottest market segment in Buncombe County has dropped $5o,ooo, though the median sales price is up slightly since last month.

So, what’s in store for the rest of the summer? We saw a slow down during the July 4th holiday weekend and predict the market will continue to cool off as the summer gets hotter and school starts back. This should mean slightly lower list to sales price as demand is slightly less, and months supply of homes and days on the market should continue ticking up incrementally, which will indicate a healthier and more steady rate of growth in the Asheville and Buncombe County markets.

Buncombe County Market Report

Market Report June 2017 - Buncombe County

Asheville City Market Report

Market Report June 2017 - Asheville

If you found this data helpful and would like a more detailed look into a specific neighborhood or zip code, contact one of our agents or call the office at (828) 232-4030. We are happy to provide you the information you need to Move Smarter.

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Tiny House, Big Idea

Hand to chin, Jennifer eyed the space where her silver SUV was parked.

“Could I build a tiny house right here?”

 

Last year, she fell in love with the house in Kenilworth and its view of the lake. After moving in she added an outdoor room — the perfect playroom for her two-year-old grandson.

Gazing from this room at the pines reflected in the water below, she smiled. “Blissful.”

But living here could be even better, she mused, if her daughter, son-in-law, and baby grandson were right next door.

 

She makes a good point.

 

Tiny House Asheville Kenilworth Lake

 

With scant rentals available, and costs prohibitive for many first-time homebuyers, a tiny house may be a smart option. Costs can be kept low, around $15,000, but quickly rise with the quality of materials used.  

Smaller homes are catching the imagination of many, including downsizing Boomers and Millenials just starting out.

Where did tiny houses start, and just how tiny are they?

 

Tiny House Floor Plan Example Asheville

 

‘Wee Houses’ began in 2003 as affordable alternative housing.

In North Carolina, a tiny house must be at least 120 square feet, but anything under 500 square feet is considered tiny. A typical storage shed is 100 square feet.

City of Asheville rules allow homeowners to build a small house next to the main one. However, zoning regulations, HOA bylaws, environmental, and other restrictions apply, so if you’re thinking about building a tiny home, do your homework and ask your real estate agent for more information.

Tiny houses can be site-built and made to be “grow-able,” to accommodate the homeowners’  changing needs.

 

For Jennifer, building a tiny house at the top of her driveway would mean a visit from her grandson could be only steps away, not a half-hour drive. And that could create a living arrangement to benefit the whole family.

 

Written by Suzanne Arthur, Broker, REALTOR, and Kenilworth neighbor. Connect with Suzanne at suzanne@dixonpacifica.com to see if a tiny house may be a good (and legal) choice for your property, and keep up with all of Asheville’s local happenings by following @suzannearthur_realtor on Instagram.

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Tubing the French Broad River

French Broad River tubing paddle boarding SUP - DixonPacifica

As recently as 10 years ago, you would have been hard pressed to find much recreational activity on the French Broad River in Asheville. City planning had not accounted for best and highest use of river front properties, leaving it less than scenic for river goers who may have wanted to canoe, paddle board, or tube.

Organizations such as River Link and River Keepers, as well as active community members, have worked hard to change that, and one of the results is hundreds of tubers enjoying a leisurely float down the river with the first signs of summer. Now, you can even stop along the way to grab some local beer or snack from a food truck.

There are many options for river “sports,” and I’ll use that term loosely as I’ll be focusing on tubing, which requires limited athletic ability or even energy. Rather, it’s a simple and relaxing way to enjoy a sunny day with family or friends.

Whether you choose a DIY option, go through an outfitter, or something in between, you’ll find you have many options.

There are multiple local outfitters offering a range or services from tube rental, shuttles, changing rooms and more. There are also numerous locations available for putting in and taking out your tube depending on how long you’d like to spend floating and where you’d like to end your trip.

Putting in at Hominy Creek and taking out at Amboy Road River Park typically lasts 2+ hours. For a longer float with a beer or food option, you’ll need to go a bit further to reach Wedge Brewing or The Bywater. Of course, the length of your float depends on the flow of the river at that time. For an accurate read on the current, visit American Whitewater and search for the French Broad. Don’t forget to check the water temperature while you’re there!

Some outfitters you may want to consider are French Broad Outfitters, Asheville Outdoor Center, and Zen Tubing. Prices range from $12 for a half day, walk, and tube to $20 which includes a shuttle and an extra raft for your cooler. For a thrifty but less convenient option, you can grab your own tube and either walk back to your starting point, grab a $5 shuttle, or leave a 2nd car at your final destination.

DixonPacifica - French Broad River - tubing

Some things you’ll want to have handy are river shoes, sun screen, a floating cooler with drinks (no glass), a sun visor or hat, a few bucks for beer or snacks, and towel and change of clothes at your stopping point. If you’re doing it on your own, don’t forget to account for your car key! I always bring a few ziplocks for keys and money and tuck them in a secure pocket.

However you choose to do it, just do it. There are few better ways to spend a hot summer day so get out and #movesmarter!

Written by Bethany Behrmann, Broker, REALTOR. Bethany had her first tubing adventure on the French Broad at age 10 and has logged dozens of trips since with family, friends, neighbors and countless exchange students. Whether you seek more recommendations for enjoying Asheville summers or information on riverfront property, Bethany can be reached by email at bethany@dixonpacifica.com.

 

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Market Report for May 2017

The hottest market segment continues to hold steady at $400-499k. This is due, in large part, to the significant (though less drastic than April) change in average price. Many potential sellers aren’t listing their $300-399k homes despite the increase in value because the homes in the $400-499k range have increased at the same percentage. As you can see, this short supply is also pushing down the months of inventory and days on the market quite significantly over last month and last year. We are regularly seeing homes go under contract on the first day with multiple offers over asking price. We expect similar buying conditions but a larger supply of homes next month as schools let out and summer moving season begins.

Buncombe County Market Report

Market Report May 2017

Asheville Market Report

Asheville Market Report May 2017

For more information about our local markets, feel free to reach out to our agents by email or call our office at (828) 232-3040. We aim to ensure you have all the information you need to Move SmarterTM and make the best buying and selling decisions.

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Market Report for April 2017

Buncombe County Market Report

Market Report April 2017

Asheville Market Report

Market Report April 20172

If you’d like additional information about this data or want a more in-depth look at a specific neighborhood, contact one of our agents or call us at (828) 232-3040. We’re always happy to equip you with the knowledge you need to make the best real estate decisions.

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