Buncombe County

Market Report for December 2016

The market trends we saw in December strongly reflect the larger market trends for our area. While there were fewer new listings and closed sales overall, the sharp increase in median sales price in Buncombe County as well as the significant decrease in month supply of homes in Asheville and Buncombe County indicates that the market is “hot.” Fewer days on the market until sale and fewer days between list and close compared to last December further support this conclusion. Check out the data below for a more targeted look at our local markets.

Asheville City Market Report

Market December 2016 Asheville

Buncombe County Market Report

Market December 2016 Buncombe

If you’d like additional data about our market in general or even a specific neighborhood in the area, we’re happy to help. Send one of our agents a message or give us a call at (828) 232-4030. Happy New Year!

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Market Report for November 2016

November is typically the slowest month of the year in the real estate industry. Clients find it challenging to make time for house hunting and keeping the home they’re selling pristine for showings during the holiday season. Because there are fewer sellers in the market, the months supply of homes is at the lowest it’s been this quarter, which means those sellers who do decide to list homes in November have less competition. We also saw that without as much inventory to choose from, the average days on the market ticked back down. That said, buyers don’t have it so bad either: the average sales price and the YOY change in average sales price is the lowest this quarter.

Asheville City Market Report

market-asheville-november-2016

Buncombe County Market Report

market-buncombe-county-november-2016

For more information on the Asheville real estate market, you can check out the reports for October, September, and August or give us a call at (828) 232-4030. We’re happy to go in depth about the trends we’re seeing generally or more specifically in your area of interest.

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Market Report for October 2016

With prices up and inventory down, the market was hot for sellers in October, which is consistent with the trends we saw in August and September. In fact, the median home price in Asheville continues to show increase month over month. That said, we are seeing the months supply of homes has leveled off and in some cases risen slightly, meaning that market growth is becoming more consistent and less extreme. This conclusion is also supported by the data for days on the market, which has been ticking up ever since it hit the lowest point in years in June/July.

Asheville City Market Report

real-estate-market-report-october-2016-buncombe-county

Buncombe County Market Report

real-estate-market-report-october-2016-asheville

If you’d like to see more data from these locations or want to know what’s happening in a different part of Western North Carolina, we invite you to email one of our agents or call us at 828-232-4030. We’d love to provide more information so you have a better picture of what these real estate trends mean for you.

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Top 10 Reasons To Sell During The Holidays

BP pic

  1. Fewer homes on the market = Less Competition– Many home sellers like to wait until the “hot” selling season to put their home on the market. In Asheville, like most places, the big selling season is in early spring. But why not get a jump on the competition?  When housing inventory is low, buyers will appreciate a home that is competitively priced and in tip-top showing condition.
  2. Holiday buyers are serious buyers! You will waste less time showing your home to unqualified buyers, because buyers who look during the Holidays are serious about buying!
  3. Most people, including buyers, are happier during this time of year. Happy home buyers who need to move are attracted to homes that are warmly decorated and inviting.
  4. Holiday decorations will increase curb appeal. Many Asheville neighborhoods decorate and light up their entrances and their homes during the holidays.
  5. Your home may look its best during this time of the year. The Holiday smells & decorations of your home might invoke warm fuzzy feelings for a potential buyer.
  6. Some buyers may prefer to buy for tax reasons before the year ends!

  7. More time off to look at homes! Home buyers may be able to take a little more time off during the holidays to look at homes.
  8. Become a non-contingent buyer! If you sell your home during the holidays, you will be a non-contingent buyer – when it comes time to buy your next home! Few things hurt a home buyer’s bargaining power more than being a contingent buyer – meaning you must sell your current home in order to buy your next home.
  9. You are in control! If you are worried about selling during the holidays because you don’t want to move out of your house before the Holidays are over, you don’t have to. You are in control! If you don’t like the terms of an offer, you don’t have to sell your home. Or, even better,  you might be able to work out a rental situation so you don’t have to move until after the Holidays.
  10. Realtors® at DixonPacifica Real Estate are working during the holidays! We are WORKING during the holidays. Many buyers and sellers are purchasing during this time of year, so we make ourselves available.

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Asheville Area Land Stats

Land sales data through March 1, 2014.

Bun Av Med Lots

Bun Land sales by price

Hendo Med price

Hendo sales by unit

Haywood Med Price

Haywood Sales by price

 

 

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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.

MOI oct 1 13

avg med price Oct 13

Res unit sales Oct 13

Homes sold report Oct 13

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Asheville Market Stats

July 9, 2013

All data taken from WNCRMLS.

Bun MOI July

Bun Avg med Price

Bunc Res Sales

Homes sold report

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What You Get for $475,000 Around Asheville

11 white ash

Biltmore Park

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.

Taxes: $3842.00

 92 saint dunstans circle

Kenilworth

92 Saint Dunstans Circle Asheville, NC 28803

What: a four bedroom three bath home.

How Much: $475,000

Size: 2690

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.

Taxes: $3561

11 cedar bluff

Candler

11 Cedar Bluff Ct. Candler  28715

What: Four bedroom three and a half bath house.

How Much: $478,000

Size: 3315

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.        

Taxes: $3025

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Asheville Area Housing Data

June 12, 2013.

All data taken from WNCRMLS.

Buncombe Avg Med June 13

Buncombe MOI June 13

Buncombe res sales june 13

Buncombe Homes sold report june 13

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Median & Average Sales Price Through April 2013

Click here for larger version.

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