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.
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.
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