Market Report for January 2017

January saw predictably steady market growth with a slight increase in average list to sales price as well as a slight decrease in months of inventory. However, there was a significant uptick this month in change in average price. This reflects the greater volume of homes sold in a higher price bracket than in previous months more so than individual home prices drastically increasing. We believe the trend of greater sales in higher price brackets will continue this year as more people move into the Asheville-Buncombe market from other markets.

Asheville City Market Report

Market January Asheville2

Buncombe County Market Report

Market January Buncombe

Our agents would be glad to give you more information about our market as a whole or your individual neighborhood or area of interest. Send an email or give as a call at (828) 232-4030 and we’re happy to give you more insight into current trends.

Tagged: , , , , , , , ,

Bookmark and Share

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!

Tagged: , , , , , , , , , , , , , ,

Bookmark and Share

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.

Tagged: , , , , , , , , , , , ,

Bookmark and Share

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.

Tagged: , , , , , , , , ,

Bookmark and Share

Regional Land Stats

For the first time in years we have started to see land sales again. The sales pace increased through 2013 and we should continue to see this in 2014. Buyers who bought in 2013 bought at historical lows.

Buncombe Land Avg Med Feb 2013

Buncombe Land per unit Feb 2014

Henderson County Land Avg Med Feb 2014

Hendo County Land per unit Feb 2014

 

Tagged: , , , , , ,

Bookmark and Share

Asheville Market Stats

August 7, 2013

The Inventory is dropping and the buyer activity is way up compared to last year. We are seeing a small recovery in some areas and price points, but like the rest of the country the recovery in WNC and Asheville is uneven and varies depending on neighborhood.

Buncombe - MOI August '13

Buncombe - Avg Med Price Aug '13

Buncombe - res unit sales Aug '13

Buncombe - Homes Sold Report Aug '13

 

Tagged: , , ,

Bookmark and Share

Buncombe County Approves Tax Increase

July 19, 2013

The Buncombe County Board of Commissioners approved a new county budget containing a 4.4 percent tax increase. The county’s new tax rate is 56.9 cents per $100 valuation, plus another 3.5 cents that will go to a new authority that will run county parks and libraries.

The owner of a home valued at $250,000 will pay $1,510 in combined county property taxes. Changes in individual property owners’ bills from last year will vary because of revaluation.

The county’s previous tax rate was 52.5 cents.

Tagged: , , ,

Bookmark and Share

Market Update November 1, 2012 Months of Inventory

By Mukunda Pacifici 11/7/2012

Months of inventory is dropping! We are around 33% down compared to this time last year. In Buncombe County we are on our way to achieving market balance.

 

Tagged: , , ,

Bookmark and Share

QUICK LINKS

SEARCH PROPERTIES

Location

CITY

Property

BEDS

BATHS

SQ. FT.

PRICE

-
Search for Properties