Blog :: 04-2013

Upbeat Living in Downtown Asheville

While much is made about the outdoor adventure activities in the area, there's also a lot to be said about the city life available to those people living in downtown Asheville. With its eclectic arts scene and its various and varied dining spots, Asheville city residents have the experience of city living in a very tranquil, mountainous setting.

City life in Asheville means eclectic arts and dining options.

City life in Asheville means eclectic arts and dining options.

One highlight of the Asheville arts scene is the River Arts District, a historically significant area along the French Broad River.  This unique area of Asheville with its turn-of-the-century industrial buildings is home to more than 165 artists. Asheville home owners in the area can enjoy the open studios and sample the local fare at restaurants including 12 Bones, a favorite of President Obama during his Asheville visits, and the Wedge Brewing Company whose website proclaims "Beer is Art".

In addition to the River Arts District offerings, Asheville boasts a fine collection of book stores including The Battery Park Book Exchange & Champagne Bar. This book collectors' dream store specializes in book about North Carolina.  And not only that, but the store welcomes well-behaved dogs to come in and have a look around with their owners as well.

Living in the heart of Asheville has its advantages.  For more information about homes for sale in the Asheville area or any of our houses for sale in Western North Carolina, please contact Greybeard Realty.

Buncombe County Home Sales Numbers Building

Homes Sales are Building

Homes Sales are Building

First quarter numbers for home sales in Buncombe County are in, and the real estate market momentum seems to be building. While the most recent numbers are not back to levels of the peak market times in 2007, the solid numbers seem to lay a firm foundation for continued real estate growth in the Asheville area.

Of particular interest is the 28% increase in the number of homes sold for the first quarter of 2013 as compared with the same period last year.  While the 2013 average price is down slightly (4%) from the similar period in 2012, total sales volume has increased county-wide by 22% this year over last year's volume.

Black Mountain had a smaller increase in number of homes sold for this quarter, an increase of 1 unit over 2012 first quarter homes sold. In addition, average price in Black Mountain has not held as steady as the average sales price has county wide. The combination of these two elements has led to a decrease in total sales volume in Black Mountain. Before anyone draws any significant conclusions about the small decline, however, one has to be careful as the amount of data available is fairly small.

These most recent statistics of the real estate market in the Asheville area indicate that interest in homes in Buncombe County and in Black Mountain is climbing.  A very close analysis points to an interesting trend in Black Mountain in particular.  In the last four years, first quarter home sales every other year have shown very strong growth with a slight slip the following year.  It's sort of the idea of one large step forward, one little step back. This year is slightly down from last year, which was a very large increase from the previous year.  That being the case, if that trend holds true, it is anticipated that next year's growth could be another big step.

Another interesting point is one that is supported by these numbers but also has been presented anecdotally by fellow Realtors in the last few months.  The housing supply in the Asheville area is shrinking.  In Black Mountain, the number of units on the market for the 2013 first quarter is 128, a decrease from 132 on the market for the same period in 2012. County-wide, the drop in homes listed is even more dramatic. The number of homes on the market has decreased in Buncombe County by 10% for the first quarter of this year, as compared with last year.  And area Realtors are beginning to notice.  While several years ago there seemed to be a limitless supply of homes to show potential buyers, now, area Realtors are commenting that there are fewer and fewer homes to show.  This tightening of the housing supply could lead to a price increase over the next year.

In addition to these positive signs for future market growth, it is always important to take into account the seasonal nature of the area real estate market.  As the weather warms, more people come out to find their dream home in the area.  Given the trend toward area real estate growth, it is probably a good idea for anyone ready to sell their home to take advantage of the warm weather as well.  This quarter could be a good time to take advantage of the good weather and get a house market-ready and listed. As Greybeard Realty heads toward the area's busy real estate season, the Asheville housing market could benefit from having a few more good houses listed.

Discover the Magic of Montreat Mountain Homes

Drive through the old stone gate, and you enter into Montreat magic. Founded as a mountain retreat, thus "Mon-treat", more than a century ago, Montreat has a simple, peaceful quality of life. It does not have a traffic light or a McDonalds.

Enter the gate and discover the magic of Montreat

Enter the gate and discover the magic of Montreat

Owning a Montreat mountain home means having access to multiple mountain trails, creeks and woodlands. Located in eastern Buncombe County, this secluded community features narrow winding roads that curve the contours of the mountainside. Pedestrians utilize neatly-kept paths that also follow the natural lay of the land. Roads and pathways converge at Lake Susan, home to the Montreat Conference Center and Montreat College.

Greybeard Realty's Montreat listings include a range of properties from a small home nestled near the mountain top to undeveloped land in a prime location.  Montreat, surrounded by the Blue Ridge Mountains, makes a wonderful retirement community and is an ideal vacation rental property location.  And if you want to settle at the foot of Greybeard Mountain and raise your children, you can take advantage of the strength of the Buncombe County education system for schools.

Greybeard Realty has more information about this quiet mountain community and other Asheville area mountain communities, please contact one of our Greybeard Realtors. Or rent a Montreat rental cabin this summer and see what Montreat magic means.