Back To Blog

The Tourists are Coming; The Tourists are Coming: Time to Buy An Asheville Vacation Home?

Anyone considering buying an Asheville vacation home within Western North Carolina real estate will be interested in the latest figures on tourist spending in Buncombe County.  State figures indicate that Buncombe County had the fifth highest amount of tourist spending of North Carolina counties. Tourists to this county that includes Asheville, Black Mountain and Montreat homes spent $783 million in 2011.  That figure represents a 7.4 percent increase from 2010 North Carolina tourist spending.

Western North Carolina Benefits From Tourism Dollars

Tourism Dollars Can Strengthen Asheville Real Estate Market

So why would that concern people interested in buying a Western North Carolina home? First of all, those tourist dollars impacted 9,070 jobs in the county with a payroll of $165.2 million for 2011.  An increase in tourist dollars indicates the strength of the tourist economy in the Asheville area. And secondly, with tourism spending up, people interested in purchasing an vacation home in Asheville to rent when they are not in residence can gain confidence that the tourism industry had a good showing for 2011.

Potential buyers of second homes in the Asheville area should be encouraged by these latest figures. In some instances, buyers may want to buy a home now for later Asheville retirement.  For other buyers, an Asheville real estate purchase may be strictly for investment. Regardless of the reason, buying a second home and renting it until time to take residence or recoup an investment is an option.

If an Asheville rental property is the buyer's goal, be sure to contact Greybeard Rentals, an award-winning property management team with 14 years of western North Carolina rental property experience. For more information about investing in Asheville real estate or for assistance in selecting an Asheville vacation property, please contact Greybeard Realty.