Real Estate Market Report – Third Quarter

Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although interested buyers are out on an increasing number of showings, there remains a limited number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving.

New listings were down in the North Central Mountains region 13.9 percent to 1,066. Pending sales increased 6.3 percent to 922. Inventory shrank 15.6 percent to 5,040 units.

Prices moved higher as Median Sales Price was up 18.6 percent to $255,000. Days on Market held steady at 83. Months Supply of Inventory was down 17.3 percent to 6.2 months, indicating that demand increased relative to supply.

Last year at this time, the national storyline was about how high demand was propping up sales and prices despite low inventory and months of supply. That has actually continued to be a familiar refrain for many months in 2017 and now for the past couple of years. But with the likes of Hurricanes Harvey and Irma, different employment outlooks, disparate incomes, varying new construction expectations and potential housing policy shifts, regional differences are becoming more prevalent and pronounced.

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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Madison County Housing Data

June 11, 2013

Madison County Real Estate Data through May 31, 2013.

Madison MOI June 13

Madison Res Unit Sales june 13

Madison avg med price june 13

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5 County Sales Trend by County

By Mukunda Pacifici 10-24-12

Five County Sales Trend Snapshot:

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New Listing: 114 Holland Street Asheville, NC 28801

114 Holland Street Asheville, NC 28801

Price: $429,900
MLS #: 5150296
Bed/Bath: 4 / 3.5
Acreage: .15
Style: Custom
Year Built: 2008

Walk to downtown Asheville & Whole Foods. Stunning custom-built home with open floor plan, gourmet kitchen w/ custom cabinetry & marble counter tops. Wide-plank oak floors, large laundry/mud room, custom marble gas fireplace, walk-in closets. Large master suite bathroom has over sized shower & tub. Fenced back yard w/ flagstone patio & covered front porch. Mature hardwoods. Finished basement perfect for bedroom/office. Entertainers dream!
Contact me if you would like a tour of this beautiful home!

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28 Blake Street Asheville, NC 28801 in Montford, MLS#: 510981


28 Blake Street (Click for Video)

Stunning Arts & Crafts home in the heart of Montford, located on level front & back yard on a quiet, non-through street. Winner of the 1998 Griffin Award and offers a remodeled kitchen w/ gas stove + stainless steel appliances. Oversized and restored windows, original re-finished heart of pine floors, 4 wood burning FP’s, large bedrooms, sleeping porch off Master, updated plumbing & electrical. Zoned heating & A/C upstairs. An easy stroll to downtown Asheville makes a perfect fit for everything Asheville has to offer!

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