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.

Move Smarter TM

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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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Asheville Area Real Estate Market Stats

 

Click for National Association of Realtors Homes Sold Report.

 Most Recent Months of Inventory Report:

April Bunco MOI

Most Recent Average/Median Residential Closing Price:

April Bunco Avg med price

Most Recent Residential Unit Sales by Closing Price:

April Bunco Res Unit Sales

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My Market Stats

In Western North Carolina we are around 5% above our long term norms. Mortgage payments have dropped 10% since 2004 and the average monthly mortgage payment for a median priced home is now $849 compared to $924 in 2004 making housing more affordable. We will continue to see distressed sales playing a role in keeping home prices down. The area also has inflated home inventory this which keep the “buyers” market in place through the year.
However, home sales are starting to pick up and hopefully, by the end of 2012 we will see the local housing market start to stabilize. This is the first time we have thought this since 2006!!

 

Market Snapshot as of 2/22/2012:

Median Sales Price:
Buncombe: $203,250
Henderson: $146,500
Haywood: $137,500
Madison: $100,000
Total home Supply:
2306; 2652 in ’10
% of Foreclosures:
20.20%
National Avg: 28%
State Avg: 30%
Buncombe County 2009-2011 Home Sales
Last 3 Yrs of Unit Sales

Here are the numbers for 2009-2011:
Home Sale NumbersMedian Sales price Buncombe:
Buncombe County Median Sales

Henderson County 2009-2011 Home Sales
Henderson County Closed Unit Sales

Here are the numbers for Henderson County 2009-2011:
Henderson County NumbersMedian Sales Price Henderson:
Henderson County Median Sales Price

Haywood County 2009-2011 Home Sales
Haywood County 09-11

Here are the numbers for Haywood County 2009-2011:
Haywood NumbersHaywood County Median Sales price:
Haywood Median Sales Price

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