Asheville/Buncombe County Market Update
As you can see below, Price ranges up to $300,000 are at or near market balance between buyers and sellers! It has been a while since we have said that. You will also notice that home values have been improving over the last year with a 12% improvement in Buncombe County and a 3.4% improvement region wide. We should continue to see a modest improvement over the next 12 months being led by Buncombe County.
Asheville Market Stats
July 9, 2013
All data taken from WNCRMLS.
What You Get for $475,000 Around Asheville
11 WHITE ASH DRIVE Asheville 28803
What: A four bedroom two bathroom and two half bath home.
How Much: $482,500.00
Size: 2595 sq.ft.
Setting: Located in Biltmore Park in South Asheville.
Indoor/Outdoor Space: Home has the master bedroom on the main floor. Home features Hardwood floors and a granite kitchen with a private back yard.
92 Saint Dunstans Circle Asheville, NC 28803
What: a four bedroom three bath home.
How Much: $475,000
Setting: Kenilworth Neighborhood
Indoor/Outdoor Space: Home offers 4 bedrooms and 3 bathrooms. Home features absolute Granite Counter Tops, a Sub Zero Refrigerator, a Formal Dining Room, 10 foot Ceilings, a new architectural shingle roof, high efficiency heat pumps and furnace. Icynene insulation, tankless water heater and CPI security system.
11 Cedar Bluff Ct. Candler 28715
What: Four bedroom three and a half bath house.
How Much: $478,000
Setting: Candler- long range views and open space.
Indoor/Outdoor Space: This home is a Frank Betz custom built home that features two fireplaces, oak floors, granite counter-tops, vaulted ceilings, gas range, tiled baths, and the master on the main floor. The gourmet kitchen overlooks the keeping room with a fireplace & screened porch. Home also features an unfinished basement with a workshop.
Asheville Area Housing Data
June 12, 2013.
All data taken from WNCRMLS.
Months of Inventory Buncombe County
Buncombe County months of inventory through May 1, 2013. We are still in a buyers market until we start to see MOI below 6 months. However, each neighborhood has different variables that and certain areas are selling very fast.
Asheville Area Real Estate Market Stats
Most Recent Months of Inventory Report:
Most Recent Average/Median Residential Closing Price:
Most Recent Residential Unit Sales by Closing Price:
The community of Fairview is located about 6-11 miles southeast of downtown Asheville via US 74A. Fairview is located halfway between Asheville and Chimney Rock. An estimated 3000 people live within Fairview’s boundaries.
Settled in the late 18th century, Fairview was called Cane Creek until the early 1800s. Cane Creek Baptist Church was established in 1806 and is one of the oldest churches in Buncombe County.
Fairview is the site of plenty of new development, offering large lots and community amenities. Cane Creek Pool in Fairview includes a pool, soccer fields, picnic sheds and concessions.
In addition to the newer communities Fairview has lots of open land with ample opportunities for privacy.
Click here to see homes in Fairview.
Visit www.fairviewnc.com to learn more about Fairview.
Biltmore Forest is a planned residential community with a rich cultural history. The Town was planned by Mr. C.D. Beadle who had been associated with the firm of Frederick Law Olmsted of Boston, planned the protection, preservation, and perfection of the natural beauty of the area that is now known as Biltmore Forest. Mr. Frederick Law Olmsted, the Father of Landscape Architecture, planned his landscape to preserve the beauty of the natural environment and attempted to create a rural atmosphere although his designs were often located in cities. He was involved in the design of New York’s Central Park, the U.S. Capitol grounds in Washington, and the grounds of the Biltmore Estate.
In 1916, there was a substantial flood in Asheville, North Carolina that caused significant damage to portions of the Biltmore Estate. The affected land was sold to lessen the upkeep and tax burden on The Biltmore Company. The town of Biltmore Forest was chartered in 1923. The first houses were built on White Oak Road.
Biltmore Forest is one of south Asheville’s oldest and finest golf course communities featuring a Donald Ross designed 18 hole golf course and of course the prestigious Biltmore Forest Country Club.
With beautiful streetlights and thickly wooded lots, Biltmore Forest is one of the wealthiest towns in the country. Biltmore Forest is home to some of the largest estates and is one of the most desirable areas to live. Biltmore Forest Real Estate ranges on average between $300,000 to $6,000,000.
Click here if you would like to look at homes in Biltmore Forest.
Excerpt taken from blackmountain.org:
Since the Cherokee Indians settled here more than 10,000 years ago, folks have come seeking rejuvenation, contemplation, and introspection. The beautiful mountain scenery, variety of recreational activities, and friendly hometown feel, continues to attract many each year. Take a walk through historic downtown and discover numerous unique gift shops, galleries, and Appalachian-style craft stores, with local craftsmen often demonstrating iron works, dulcimer making, and throwing pottery. Enjoy a wide variety of nightly music at one of our famous venues.
From the most upscale cuisine, to country cooking and BBQ, the area is home to over forty restaurants sure to please any palate. Dine inside or outside, while enjoying the local flavor or celebrating a special occasion.
Activities abound – from a round of golf at Black Mountain’s famous 747 yard par 6 course (one of the longest in the world), to hiking and biking along the area’s numerous scenic trails. The area hosts many renowned festivals: Sourwood Festival, L.E.A.F. Festival, Black Mountain Art and Crafts Show, and Art in Bloom to name a few. Don’t miss the Swannanoa Valley Museum and Black Mountain Center for the Arts.
Make Black Mountain, North Carolina, in the lovely Swannanoa Valley, your vacation headquarters. Stay at a historic B&B, quaint cottage, country inn, or hotel while visiting some of the region’s greatest attractions. The Blue Ridge Parkway, Biltmore Estate, Lake Lure and Chimney Rock State Park, are within a short drive. Sit and rock on our “Front Porch.” Stroll around Lake Tomahawk. Drink in the ever-changing mountain views. Luxuriate in the peace and fresh air. Visit Black Mountain and the Swannanoa Valley to discover the best that Western North Carolina has to offer.
To see homes anywhere in the Black Mountain area call, text, or email me here.
To learn more about Black Mountain and the Swannanoa Valley visit blackmountain.org.
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