Blog :: 01-2014

Mounting Evidence That Asheville Real Estate is Moving

While some people consider 13 to be unlucky, followers of the Asheville real estate market will have to agree that 2013 was a very positive year for sales. Buncombe County and Black Mountain sales figures indicate that residential home sales have rebounded solidly from the lows several years ago.

Upward Trend in Asheville Homes Sales

Upward Trend in Asheville Homes Sales

Buncombe County

County-wide, units of home sales showed a 24% increase over 2012 numbers with 3,437 homes sold in 2013. While still down 17% from the peak number of homes sold in 2006, this year marks the fourth consecutive years of unit increases which is very encouraging and demonstrates a solid growth market. Sales volume for the year increased 30% over 2012 volume to just under $900 million, again down from the 2006. The two year gradual increase in sales volume for Buncombe County is a very positive sign that the economy is on a very solid footing.

The average price for each home sold increased a conservative 5%, indicating that the upward trend is not accelerating at an unhealthy rate. With the dwindling supply of homes on the market, a 16% decrease this year from last year with 1,705 versus 2.032 in 2012, the expectation is that the price will continue inching up. It's a simple matter of supply and demand.

Black Mountain

Mirroring the Buncombe County statistics, unit sales in Black Mountain increased 22% in 2013 over 2012 numbers, increasing from 123 homes to 150. This four year upward trend coincides w a four-year trend in increases in total sales volume. Black Mountain sales volume reached $30.6 million, a modest 5% increase for 2013. Again, both of these numbers represent a decrease from the peak of 2007; unit sales are 16% below the peak while sales volume is 34% below $46.7 million of 2007. The average price for Black Mountain homes decrease 13% in 2013, but with the 19% decrease in units on the market, that number should begin to climb as the supply tightens.

Overall Observations

The numbers for the 2013 real estate market for this area are encouraging. Growth in unit sales and sales volume are showing an observable trend up. At the same time, however, the market is not accelerating at an unsustainable rate. With the market tightening, it is anticipated that prices will gradually increase as supply declines. Greybeard sellers hoping to put their homes on the market this year are in luck. Black Mountain and Buncombe County could use more homes on the market. For Greybeard's buyers entering the market, now is a good time to buy that second home or make that move to western North Carolina. The real estate market is healthy, and the numbers indicate it has not peaked. It's a time when both buyers and sellers can benefit from the real estate market.

Lots to Love at this New Montreat Listing

Enjoy the twinkling evening lights and the train whistle from the valley below from the deck of this newly listed Montreat home. This 3-bedroom home, located on a larger than average Montreat lot, has exquisite landscaping including stone walls and walkways as well as a perennial garden with a small, man-made waterfall. With this move-in-ready home, you can settle right in and enjoy the serenity of mountainside living.

Montreat Mountain Home for Sale

Montreat Mountain Home for Sale

The main level, which has the master bedroom suite, features a wood-burning fireplace in the living room. The large windows of the living room, made possible by its vaulted ceiling, allow abundant natural lighting into the space. The formal dining room and eat-in kitchen provide ample space for entertaining as well. In addition to the bedrooms, this home also has another workshop/studio/office space along with ample storage and closet space.

This home is located on the mountainside, up from the main route through the small, secluded community. Montreat, surrounded by the Blue Ridge Mountains, has no traffic lights or commercial development. This newly listed home epitomizes the lifestyle of Montreat, a town whose name is a combination of "mountain" and "retreat". If engaging in a mellow, peaceful lifestyle is in your plans, you should check out the full listing for this home.

Check our full Montreat listings on our website, and please contact Greybeard if you want to schedule an appointment. Several of us live in Montreat ourselves, and we would love to welcome you to town.

Asheville Attractions for All Ages

While we previously have outlined the benefits of an Asheville retirement in our blogs, we also want to highlight the various family activities that are happening in the western NC mountains. These activities, adventures and sites can be enjoyed by all ages and cover the gamut from hikes to museums to special musical performances.

Make your list of Asheville activities

Make your list of Asheville activities

The wide range of these attractions makes Asheville appealing for the retirement community as well as for young families who are relocating. For outdoor activities, there are numerous well-marked hikes including Parkway Trails and Montreat hikes. For the arts, the list includes Altamont Theatre and the Asheville Art Museum.  In addition, specials events such as the Drum Circle and the River Arts Studio Stroll are included. Please see our list of Family Fun on our Greybeard Rentals page to see the links for these and other suggested activities/events.

If you're thinking of relocating, trying a rental first can be a great way to sample the local atmosphere prior to deciding which local neighborhood is best for you. Check out our long-term rental listings to find the house that's just right for you. If you want more information about the area or want assistance in selecting a great long-term rental to tryout a particular neighborhood, please contact Greybeard Guest Services.

Also, we would love to hear your suggestions on other special activities and happenings that you would like to share on our Family Fun web page. Please let us know other items we should include on our list, and we will continue to update the page as we get new information.