For the first time in several years, Asheville Real Estate statistics indicate that residential building permits are on the rise. Greybeard Realty tracks several market indicators to gauge the Asheville area real estate market, and our company sees the present statistics as a positive indicator.
In data presented by The Market Edge, Buncombe County had a 9.4% increase in the first quarter of 2012, compared with the fourth quarter of 2011. In addition, Buncombe County building permits showed a 26.1% increase in 2012, compared with 2011 year-to-date statistics.
In addition to Buncombe County, the Asheville region, consisting of Buncombe County and nine other contiguous counties, also showed a first quarter increase of 10.3% for the first quarter of 2012 over fourth quarter of 2011. Also, while not as robust as the Buncombe County increase, the Asheville region grew for the first quarter of 2012 for year to date, a 10.6% increase.
While a one quarter increase does not indicate a solid trend, the first quarter increase was the first quarter year-to-date increase in both Buncombe County and the Asheville region since the market high in building permits in 2007.
While additional quarterly statistics are necessary before a trend can be confirmed, these numbers give rise to optimism for the Asheville Real Estate market, particularly for Asheville land sales and new construction, both of which can provide an economic boost for the region.
Greybeard Realty has multiple listings for land sales both in the Asheville region as well as within particular communities such as Black Mountain, Montreat, and other particular towns within the Western North Carolina Real Estate Market such as Swannanoa. For more information, please contact Greybeard Realty.