Blog :: 08-2016

Purchase Panoramic Privacy in this Black Mountain Vacation Home

Your western NC vacation time may have come to an end, but you can have your own Black Mountain vacation home, fully furnished, when you purchase 69 Kalmia Drive. This 3-bedroom, 3-bath home provides panoramic views within the private, gated community of Creston.

69 Kalmia Street ViewThis craftsman-style home, constructed in 2009, has an open concept floor plan with a large stone fireplace as a focal point. Located on a 2.45 acre flat lot, the house has a large deck and screened porch which enhances the opportunity to appreciate the natural beauty of the area. The home’s simple lines and numerous windows complement the flora and fauna as well. The street name of Kalmia is taken from the genus of the Carolina Mountain laurel that grows abundantly locally. The community of Creston features a gated entrance with waterfalls and trails, along with a mountaintop clubhouse. With the pristine condition of this home, which includes its furnishings, a new buyer can move in right away and begin to appreciate the amenities immediately.

This home is one of several Black Mountain homes with views Greybeard Realty has listed at present. If you want to learn more about the community, check out our Black Mountain information page. Greybeard also has a regularly updated community events page that can give you a sense of what’s happening locally. For more information about this home or any of our listings, please contact Greybeard Realty. This could be a very good time to buy the Black Mountain home you’ve always wanted.

Terrific Views From 207 Hanover Terrace in Montreat

Breathtaking mountain views await the new owners of this charming Montreat home. With six bedrooms and four baths, 207 Hanover Terrace offers a large, clean palette for creating the home of your dreams.

206 Hanover Terrace in MontreatThis three-level home features two stone fireplaces, one with a wood stove insert and the other with a wood-burning fireplace, as well as exterior stonework that gives it a mountain-home feel. The ground level has a kitchenette that could be expanded so that this lower level could be used as separate living quarters. While this home has clean, simple lines that lend itself to a new owner’s creative touches, what really catches everyone’s eyes is the stupendous view from the balconies. Extensive vistas capture the essence of western NC and offer a majestic perspective from Montreat.

If you’re new to Montreat, you might enjoy spending some extended time in one of Greybeard Rentals longterm rentals to get an idea of what it’s like to live here. Also, you might want to take a look at the other Montreat homes for sale now. As our market numbers indicate, now’s the time to make the mountain home purchase you’ve been considering. For more information about this home or any of our other listings, please contact Greybeard Realty. It’s time to get yourself your own picturesque mountain home with a view

The Tale of the Growing Western NC Real Estate Market

Mid-year home sales numbers in Black Mountain and the Asheville area for 2016 indicate that the upward movement continues with strong sales and a short supply. With several months of statistics on hand, it seems appropriate to begin talking about the growing trend in western NC real estate market.

Buncombe County

For the sixth consecutive year, the number of units sold year-to-date in the county increased. In 2016, the number of units sold in the first half of the year increased 5%, from 1,878 in 2015 to 1,977 this year. At the same time, total sales volume increased a strong 19% to just over $601 million. In contrast, the number of units on the market for the last six years has declined. From a high of 3,527 units for sale six years ago, the current number of units offered countywide is 1,954. This shrinking supply has impacted the average price per home as well with a 13% increase in 2016 year to date. In fact, the average home price now exceeds the $273,844 mark in 2008.

One interesting number that bears watching is the Days on Market (DOM). That number, which has not been below 100 days in the last 8 years and has been as high as 173 days in 2012, is at 75 days, year to date. That number is an indication of the short supply. Interested buyers are finding they have to choose quickly as the short supply means that someone else may put in a better offer if they hesitate.

Black Mountain

Black Mountain real estate market numbers, at first glance, appear to be down slightly. The number of units sold, 106 homes, is down 2% compared to 2015 numbers year to date. The average price also shows a decline of 2% for the same period, while sales volume has declined 4%. As noted, these numbers can be interpreted as a market decline.

A closer look at some additional statistics, however, indicate that these small declines are due in large part to the decline in supply. There just isn’t much on the market right now for people to choose from. The number of homes on the market, 105, is a 15 % decrease from the same time in 2015. And additionally, it’s interesting to note that while that figure of 105 units on the market seems to be adequate, it actually is misleading. At the time these numbers were compiled, 30% or 31 units were actually already under contract. The number of units on the market at mid-year 2016 is just over half of the supply that was available in 2009. This type of tight supply market can impact numbers as buyers are searching for just the right home in an area with a very limited supply.


There’s one other number in this report that has shown a dramatic decline as well, and that’s the day on market (DOM) statistic. The average Black Mountain home now stays on the market only 81 days, compared to 150 days at the same time period last year. In Buncombe County, there’s a similar pattern. DOM year to date 2016 is 75 there, down from 118 last year this time. What that indicates is that buyers have less time to consider their decision. Their dream home may not be there by the time they have looked at other options.

The takeaway for now in both Black Mountain and Buncombe County seems to be that supply continues to tighten. Over time, it is anticipated that prices will continue to increase and DOM will shorten as buyers find fewer homes to choose from.  So again, with the present market conditions, it’s a fabulous time to list your home if you’ve been thinking about doing that. And as a buyer, come prepared to take action when you find the home of your dreams. With this limited supply, homes just aren’t staying on the market for very long before they sell.

At Greybeard Realty, we track market numbers monthly so be sure to check out our real estate statistics webpage to see what the market is doing now. We also have a couple of helpful buyers’ webpages, the ABCs of home buying as well as the Home Buying Process. Please visit the Greybeard webpage to see our residential listings and feel free to contact us to go see anything that catches your eye.