Western North Carolina Real Estate

Peaceful Views From Old Fort's Havencrest

If long-range mountain views and top-of-the-line finishes lead your wish list for a new Asheville area mountain home, you’ll want to see Havencrest in Old Fort. Located just 20 minutes from downtown Black Mountain, this 5-bedroom post-and-beam home provides breathtaking vistas and meticulous interior finishes. Just imagine waking up to this view on a daily basis.

Constructed in 1991, this lovely home sits on just over four acres in Gateway Mountain, a gated community approximately 30 minutes from Asheville. Complete with a gourmet kitchen and two master suites, this home features a floor-to-ceiling stone fireplace as well as large guest quarters. While the interior of the home is stunning, it is almost eclipsed by the exterior panorama accessed from the wrap around deck. With long-range views of Lake Lure, it provides a setting of peace and tranquility. And while the home provides easy driving access to Black Mountain, Asheville and Lake Lure, it is nestled in Gateway Mountain, a 3,000 acre wooded forest with waterfalls, wildlife, and lakes.

While this home would make an excellent year-round home, it also could serve as a vacation home and has a rental history available. If you’re considering buying an Asheville area rental home, be sure to check out Greybeard Realty’s management webpage that outlines the philosophy and approach that Greybeard takes with its clients. If this home or any of Greybeard Realty’s listings catch your eye, contact Greybeard and schedule a time to come check it out. It’s a fantastic time to purchase a home; you can be a western NC resident before summertime! 

Gather up the Family and Enjoy Old Fort's Round Knob Lodge

Round Knob Lodge, recently listed for sale by Greybeard Realty, has history, charm and remarkable amenities available on site. With two stocked ponds, a stream with a waterfall, and 29.4 acres to explore, new owners will think they’ve bought a piece of paradise, not just a home.

Built in the mid-20th century by a group of railroad buffs this mountain getaway has 6 bedrooms and 5.5 baths which enables the owners to host a large number of people comfortably.  In the past, this home has served as a rental house and a special events site for weddings and family reunions. While it has the rustic feel of a mountain retreat, it has undergone expansive remodeling so it includes the expected modern conveniences, including a large, up-to-date kitchen. In addition to the Great Room which can accommodate up to 25 people, there’s a Game Room, accessible via a spiral staircase, that has a pool table, foosball, dart board and a bar with an ice maker. With close to 6,000 sq ft, this fine mountain retreat is a short 15 drive from Black Mountain though with its amenities the new owners may prefer to just hunker down and enjoy their peace.

For more information about this distinguished home, please contact Greybeard Realty  to schedule a time to see it for yourself.  And if this home is a bit larger than you need right now, please take a look at Greybeard’s other residential listings and see if something catches your eye.  And while you’re on the website, take a look at Greybeard's events calendar to see what’s happening. We’ve all chosen to live here because of our love for the area, and we’d be excited to have you join us up here.

Breathtaking Views from this Black Mountain Home

If a private retreat within 10 minutes of downtown Black Mountain sounds appealing, you should take a look at 41 Wedgewood Terrace in Laurel Ridge. Nestled within this beautiful gated community, the newly-constructed, 3-bedroom, 3-bath home offers memorable views and solitude. What more could you want in a home?

Located on a 1.7 acre wooded lot, 41 Wedgewood Terrace has multiple private decks, some covered, that each provide breathtaking vistas. The large kitchen/dining area open up to a great room with a large stone fireplace. This craftsman-style home, with its cathedral style ceiling, enables homeowners to take advantage of the tremendous amenities at Laurel Ridge, which backs up to more than a thousand acres of unspoiled forest in the Asheville watershed. At the same time, owners also can access Black Mountain and Asheville and all they have to offer with ease.

For more information on this home or to schedule an appointment to see it, please contact Rosie Johnson at Greybeard Realty. To get an idea of other homes for sale in the area, please check out the Greybeard Realty website or  see Greybeard Realty’s Black Mountain residential listings. For peace, privacy and proximity, you don’t want to miss this Black Mountain home for sale.

Hipster Asheville Makes Another Top Ten List

Asheville has again placed on a “favorite list”, this one compiled by Travel + Leisure. Noted for its “earnestly hipster heart”, Asheville lands at #10 on the list. Voters in the random survey pointed to the downtown drum circle and the Carolina barbecue as a couple of local draws. For anyone who lives in this area, we know that Asheville is much more than that.

For this year’s survey, readers ranked towns with a population of less than 100,000 based on dining, shopping, and other particulars. In addition to the items cited above, Asheville also received high scores for its live music scene as well as its other local food. The locals, that’s those of us year-rounders I suppose, were ranked as “delightfully quirky.” In short, as one survey taker noted, Asheville is “probably one of the most eclectic towns in America.”

If you haven’t had a chance to experience this wonderful area of western NC, why not choose from Greybeard Rentals current listings and come see what everyone is talking about. And if you have been here and are ready to become one of the quirky members of this eclectic town, check out Greybeard Realty’s western NC residential listings. While Greybeard Realty agrees about the live music, the great food, and the incredible people, we also think you have to try it out yourself to see what everyone else is talking about. Come on up.

Asheville Real Estate Market Stats Show Increases

Western NC home for saleGlancing at the April numbers for Buncombe County real estate sales, I was struck by the significant increase in total sales volume for the month. Compared to last year at the same time, sales volume increased a hefty 25%. Now, one month does not make a trend, I understand. But the large increase is worth watching in the next few months to see just what's going on in the Asheville area real estate sales market.

In last month's quarterly report, I noted that the number of units had been shrinking. While there are a few more homes on the market this year at this time than last year, that number can be deceiving as right now 31% of the homes listed as being on the market are actually already under contract. The second piece of data that caught my eye was that the number of units for the same time period only increased 9%, which indicates there was a substantial increase in the average price. Indeed, for this year through April, the average home price in Buncombe County increased 15% over last year.

When I consider all of the statistics together, I come to one general conclusion. If you have been considering listing your home for sale in the Asheville area, this report indicates that this could be the time to do that.  If you've been on the fence, it may be time to act. Greybeard has some good ideas about how to prepare your home for sale. And if you want to speak to a Realtor about how to begin the process, please contact Greybeard Realty. In terms of selling your home in the Asheville area, as the old adage goes, "there's no time like the present."

Asheville Receives Accolades for Retirement

Once again, someone has let the cat out of the bag, with the news that Asheville is one of the top three places in the US to retire. The Motley Fool website announced that Asheville shares the honors with Prescott, AZ and Sarasota FL. For everyone who already lives here in western NC, that does not come as a surprise.

Cited for its temperate yet variable climate, gorgeous surroundings, and cultural offerings, Asheville also boasts an affordable cost of living. And the website points out that the city has served as a respite getaway for quite a while, pointing out that the Vanderbilt’s chose Asheville for The Biltmore Estate, the largest private home in the US. In addition to this onsite recognition, Asheville has also received a top place ranking from TopRetirements.com and is listed on bestboomertowns.com.

If you’re considering retirement, you might want to take advantage of one of Greybeard Rentals long term rentals which enables you to try out living in Asheville before you make the jump to permanency. Greybeard Realty is here to help when you’re ready to make the move to Asheville. We’ve made it our home for decades, and we’d love to have you join us here in western NC.

Move-in Ready Montreat Home for Sale

How many times have you wished you could just pack your suitcase and move into your own Montreat home? Well, here’s a listing at 122 Kanawha Drive that will let you do just that. This three-bedroom, 2-bath cottage comes furnished and move-in ready.  And with its low maintenance yard and easy accessibility, you won’t have much to worry about once you arrive.

Located near the historic Montreat gate, this lovingly updated cottage would make a terrific full-time home, a second home or a vacation home. The centrally-located great room with a living and dining area opens to the kitchen and sunroom. A Level entry provides access to this home, and there is off-street parking and a carport. This conveniently located cottage, only three minutes from Black Mountain, offers easy access to Montreat hiking trails, Lake Susan, and Montreat College.

Montreat is a quiet, small community that has more than a century of history attached to it. And while it makes an optimum location for a permanent home, it also serves as a wonderful vacation locale, meaning that this home could also join the other Greybeard Rental Montreat rental cabin listings. Learn more about Greybeard’s Property Management Services and take a look at some important aspects of buying a vacation home. If Greybeard can be helpful in assisting you with any additional information, please don’t hesitate to contact Greybeard.

Asheville Market Mirrors Econ Theory

Well, the first quarter market statistics are in, and the recent trend of tightening supply seems to be impacting the real estate market in the western NC mountains. And fairly predictably, as the housing supply dwindles, land sales have surged for the first time in several years. The current numbers support the supply v demand theory so well, the statistics could be in an economics textbook.

Buncombe County Market Numbers

In Buncombe County, the number of housing units sold grew a modest 4% for the first quarter of 2016, increasing from 751 units for the same period of 2015 to 779 of the current year.  Interestingly, the total sales volume grew at a larger rate, 17%, which can be accounted for in part by the 12% increase in average price, from $260,065 in 2015 to $292,094 in 2016.

A quick glance at a couple of other numbers further supports the supply versus demand economic theory. For example, Days on the Market (DOM) decreased to 87 days, down from 189 DOM as recently as 2012. In addition, the percent of sales price to market price (SP/LP) is now at 97%, again up from 93% SP/LP in the early 2010s. This indicates that buyers are paying closer to asking price, another indication of a tightening supply market.

And finally, another number that seems important to consider is the actual number of homes on the market this last quarter. That number, 1678 units, represents a dramatic decrease from the peak number of 3316 units present for the same quarter in 2010. That number in itself is very relevant. Even more impactful, however, is the actual number of those home units that are actually available. Of those 1678 units, there are actually only 1142 without contracts or 68% that are not already tentatively sold. With those kinds of numbers, it will not be surprising to see that average price per home continue its increase.

Black Mountain Market Numbers

Black Mountain market numbers require some qualification to them. Because the units sold is such a small sample, it can be a bit more difficult to extrapolate meaningful data. Still, however, looking at first quarter numbers, it appears that the market also has a tightened supply which may impact market trends in the near future. So, the number of units sold in Black Mountain shows a decrease of 16%, down from 49 units in 2015 to 41 units this year. Further, total sales volume has decreased 10% for the first quarter while the average price grew at a solid 7% for the first quarter.

And again, DOM now stands at 86 days, very close to Buncombe County numbers, and down from a hefty 204 days in 2012. And the SP/LP mirrors that of the county numbers at 97%, up from 89% for the same quarter in 2011. And as in the county statistics, the number of units on the market stands at 95, down from 7% in this quarter of 2015. If those numbers take into account the number of homes without current contracts, that number falls to only 61 units which again points to that old supply versus demand theory.  Again, the market decreases mentioned above can be attributed to the very limited inventory in the area.


So what other impact have these numbers had on the market? Well, for one thing, land is gaining buyers’ attention. Indeed, county-wide, the number of land units sold has increased 35% for the first quarter of this year, with a 36% increase in dollars sold. And Black Mountain numbers reflect the same increased interest in  land, just on a smaller scale with 17 units of land being sold in the first quarter, contrasted with 4 for the same period last year.  With this tightening supply in the home unit market, it bears watching how that impacts land and land available.

As I study these numbers, I have to say they reflect what our Realtors at Greybeard Realty have seen in our business. As I scan Greybeard Realty's residential listings for possible homes to show potential buyers, I have been struck by how many listed homes are already under contract. My advice is that if you have a home you have been waiting to list, this could be a terrific time to do that. And if you are looking for a home in the area, there is still plenty of supply, just not as much as several years ago. If you’ve been putting off relocating or purchasing that second home in the Asheville area, you might want to move that to the front burner before prices increase more. Again, all that economic theory everyone studies seems to be holding true in our area. To keep up to speed on the western NC real estate market, please check out market numbers website.

Secluded Western NC Log Home Available

Are you ready to relocate to a secluded log home in western NC? This finely-crafted log home, located in Upper Hominy, provides the ultimate location with wooded privacy amid scenic natural beauty.

Spacious interior of WNC log home Constructed in 2006, this three-bedroom, two-bath home is located on 97 acres. The property has multiple streams, waterfalls, and rock formations offering a natural respite. And although the home offers privacy, it is not isolated from the nearby community. After passing through the security gate and climbing the gently-sloped driveway, homeowners will find a home with a large garden space with an irrigation system, covered porches and an open deck. With winter views of Pisgah and Mitchell, this home features a living area with a cathedral ceiling and a natural stone fireplace. For anyone seeking a traditional home in western NC with meticulous attention to detail, there’s really no need to look any further.

A log home with water features on the property is at the top of many people’s wish list for a western NC home. For more information on this special property, please contact Greybeard Realty. And if you are just beginning to consider the Asheville area, consider one of Greybeard Rentals’ monthly rental cabins to sample daily life in the area. We’re very proud of our local area and would welcome a chance to share what we know about it. If you want assistance in selecting the best rental home to try out the area or if you want more information on this home or another listing, please contact Greybeard.

Black Mountain Land Rejuvenates

As you may have heard, a fire this spring burned more than 740 acres of Black Mountain and Montreat  land. After a dryer than usual winter, the fire spread quickly and took several days to contain.  A photo, taken by a runner on the Toll Road just after the fire ended, shows the degree of charring. Montreat Land Several Days Post Fire

 But if anyone doubts the rejuvenating ability of nature, all you have to do is take a look at a second photo, taken less than a month later from the same spot. The dark gray landscape has been replaced by a blanket of green, indicating that regrowth is already occurring in the area. It's likely that in a few months, it will be very difficult to see the remaining scars of the fire. Same Montreat Area a Few Weeks Later

In addition to its ability to rejuvenate, Black Mountain is a vibrant, thriving community. And as Greybeard Realty's market news indicates, the real estate market is also on the uptick.
If owning a home in western NC is on your bucket list, this year would be a good year to do that. Take a look at Greybeard's Black Mountain listings, and contact Greybeard Realty for more information.