Blog :: 05-2016

A Look at Black Mountain Land Sales

Swannanoa land with mountain viewsReports for Asheville area land sales come across the desk periodically, but it isn’t often that they have numbers like the April report. While Asheville numbers increased 45% over the numbers year to date for last year, the Black Mountain land report for the same time period was even more astonishing.

Preface the following with the information that the number of units sold in the Asheville area (225 year to date) is substantially larger than that of Black Mountain units sold (29 for 2016 year to date). Even with that taken into account, however, the 383% increase in units sold so far in 2016 in Black Mountain is truly remarkable. As with the report for the Asheville area real estate market for the first quarter, which indicated the number of home units on the market was down, the supply for land also seems to be decreasing. With that in mind, it’s worth asking just what is driving the land sales at this time. One theory is that with the shrinking housing market, residential buyers are looking for land to build their own homes. And secondarily, it may be that people who wanted to build were waiting to be sure that the Asheville real estate market was again on a solid foundation.

Whatever it means, it bears watching over the next few months to see if this report represents a short uptick or a longer trend toward increasing land sales. To get an idea of what’s available in the area, please take a look at Greybeard’s Black Mountain land listings. If you would prefer a move-in-ready home, then glance through Greybeard Realty’s western NC residential listings. And for more information about land or home sales, please feel free to contact Greybeard Realty directly.

Montreat Post and Beam Home on the Market

103 Shenandoah, Monreat NCMontreat makes a fabulous place to live and congregate. And that makes Greybeard Realty’s 103 Shenandoah Terrace, unit 1407 listing a fantastic option for anyone with a larger family or with a desire to purchase a vacation rental home.

This lovely post-and-beam home, constructed in 2002, has solid, newer construction that captures the historic charm of Montreat. The open-concept great room on the main floor has a stone fireplace as its focal point. The master bedroom, located on the main floor as well, has access to the screened porch on the deck. Upstairs, in addition to the four bedrooms and two baths, there’s a loft/sitting area that overlooks the great room. The basement, in addition to a one-car garage, has a full bath as well as an unfinished room for storage or potentially additional living space. Information about this five-bedroom, five-bath home’s vacation rental history is available.

Montreat, for the uninitiated, is a quiet, comfortable community with wonderful paved paths and access to fabulous hiking trails. If you want to know what’s involved with buying a vacation rental home and check out the Greybeard Realty webpage. And please take a moment to check out our website if you want to see Greybeard Realty’s other vacation homes for sale.

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 and is listed on

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.