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.

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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/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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Henderson County Market Update

Homes priced under $200,000 are seeing market balance for the first time in many years. There is still a glut of inventory over $300,000 but you have seen an 11% quarter over quarter reduction in homes for sale.

Hendo MOI Oct 13

Avg Med price Oct 13

Res Unit Sales Oct 13

Homes SOld Report Oct 13

 

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Madison County Market Stats Through 9-1-13

Madison County Market Stats Through 9-1-13.

Madison MOI 9-13

res unit sales 8-13

Avg med price 8-13

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Madison County Market Stats

August 7, 2013

Madison County Market Stats Through August 1, 2013

Click graph for larger view.

madison MOI 8-13

Avg med price 8-13

res unit sales 8-13

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Madison County Market Stats

Madison County Residential Unit Sales:

 April Madison Res Unit Sales

Madison County Residential Months of inventory:

April Madison MOI

Madison County Average Sales Price:

April Madison Avg Sales Price

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Current Market Snapshot Asheville Area

By Mukunda Pacifici 10-24-12

 

Buncombe County:

Henderson County:

 

Haywood County:

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