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Charming Black Mountain Farmhouse Captures Small-Town Character

So, you say you’ve always dreamed of living in a lovely farmhouse in a small NC town? Well, look no further than 102 Terry Estate, a charming 102-year-old farmhouse with additional structures located in downtown Black Mountain. 102 Terry Estate

The 4-bedroom,3 bath two-story home features hardwood floors, two fireplaces and a remodeled kitchen. The deep front foyer opens to several gathering areas and ends with the staircase up to the second floor. This lovingly decorated home has numerous original features that preserve the original character of this home, constructed in 1916. With its covered front porch and back deck, there’s plenty of space to enjoy the charms of Black Mountain. 

In addition to the farmhouse, there are an additional four living spaces: an apartment in the main home, a lovely cottage, and a duplex. The structures are located on a 1.14 lot that backs up to the almost 90 acre campus of Montreat College Black Mountain. In addition, there’s a small vacant lot parcel that provides year-round mountain views. The proximity of this property allows for easy strolls to the greenway, the park, and downtown shops and restaurants. At the same time, the multiple structures provide the potential for both a residence as well as rental properties.

This beautiful farmhouse fits perfectly with the small-town charm of Black Mountain. To see other listings, please see the Greybeard Black Mountain listings website. For more information about 102 Terry Estate or any of Greybeard’s listings, please contact Greybeard Realty.

Greybeard Realty Introduces Matt Lutz as Newest Realtor

Greybeard Realty of Black Mountain, NC, proudly announces the addition of Matt Lutz to its list of Real Estate brokers. Matt brings with him a wealth of local information and a commitment to western NC, as do all of Greybeard’s Realtors.

Realtor Matt Lutz Joins Greybeard RealtyLutz moved to the Swannanoa Valley as a young teen and never has left completely. He attended Owen Middle School and High School and headed to college in Wilmington, NC. After graduation, he worked as a professional actor and singer in LA and on/off Broadway in NY before returning to the Asheville area in 2016.  He states that his time away only deepened his love for western NC, and he just looked for the right time to come back. For Lutz, moving into a real estate career was the next natural progression.

“I love people, home, land, and family so working in real estate is a natural fit for me,” Lutz explains. “Those are all things I care very deeply about. I love to assist families in finding that special home they will want to have and share for generation after generation.”

In addition to being a Realtor, Lutz also serves as the artistic director of the Front Porch Theatre at the Black Mountain Center for the Arts. In his spare time, Lutz reports he loves to run, eat good food, laugh, connect with art and artists, and watch Game of Thrones...but not all at the same time.

Lutz joins 23 other Realtors at Greybeard Realty, which was founded in 1998 by Chip Craig. In addition to its original Black Mountain office, located at 204 East State Street, Greybeard Realty has additional offices in Asheville and Old Fort. For more information, please contact Greybeard Realty at 828 669-1072 or on line at greybeardrealty.com.

Black Mountain Home Charms With Its Character

If you’re searching for a Black Mountain home with meticulous details and charm, you have found it at 201 Chapel Rd. Located across from the Black Mountain Golf Course, this five-bedroom, four-bath home has special elements that make it a unique property with ample indoor space and outside living area. Charming Black Mountain Home

With an open-concept floor plan and a first-floor master, this lovely home can work for a lifetime. The master bath has a large walk-in shower and a spa tub. The second-floor master provides extra privacy for guests while the finished basement, complete with a wet bar, offers a dedicated area for entertaining. And it’s all in the details of this home that create the one-of-a-kind feel for the home. From the copper farmhouse sink to the special fireplace mantels to the refurbished doors and brick floors, this home offers its owners a very original living space. And that’s just on the inside. Outside, the large corner lot has extensive landscaping that includes a creek, two small waterfalls, and a koi pond, all illuminated at night with special outdoor lighting.  In addition, there’s a greenhouse for cultivating new plants and storing tools as well as an open fire-pit to kick back and take in the backyard ambience. Constructed in 1978, this home has updates and special features, including stainless steel appliances and stain-glass windows. 

If you’re ready to relocate to Black Mountain, this home needs to be on your list. If you’d like to see what other Black Mountain and Asheville area homes are available, please take a look at Greybeard’s exclusive listings page.  Perhaps you prefer a smaller home or maybe you looking for an Asheville cabin perched on a mountaintop. If you have difficulty finding what you’re looking for, please contact Greybeard Realty directly.

Move Right Into This Western NC Mountain Log Cabin

Summer is rapidly approaching here in western NC, and it’s time to seize the moment and buy your own log cabin getaway! The 2 bedroom, 3 bath home located at 179 Rhododendron Drive in Old Fort provides a cozy mountain hideaway that can be used for yourself and as a rental property. 

The log home itself is situated on a 1.5 acre lot. Adjacent to that lot is an additional 1.6 acre creek-front lot that is suitable to keep for privacy or for constructing another home on the property. Inside the home, relax by the floor to ceiling stone fireplace or retreat to the loft to read the latest mystery book. Outside, breathe in the fresh mountain air on the wrap around deck or relax by the fire pit while listening to the peaceful sounds of the waterfall. Nestled in the Gateway Community in Old Fort, this home provides access to numerous outdoor adventures including hiking and fishing, all the while providing good proximity to Asheville and Black Mountain.

Built in 2003, this finely-crafted log home offers the number one requested feature of Greybeard’s rental guests, log construction. You may choose to settle into this home yourself or use it as a vacation rental property. To understand the services Greybeard Rentals offers for rental home management, please see the management services webpage.

And the good news is, this home is being sold furnished so you really can just move in just in time for summer! Greybeard ‘s Buying with Greybeard webpage can introduce you to the process. To get an idea of the local market, please take a look at Greybeard’s exclusive residential listings. There’s also a western NC log home page that can provide you with an idea of other log homes for sale. And as always, if you’re ready to buy or have a few specific questions to ask, please contact Greybeard Realty.

Home Buying in Asheville Slows a Bit as Land Sales Thrive

Western NC Mountains 2018 First Quarter Numbers

Spectacular western NC views still availableA quick glance of first quarter Buncombe County and Black Mountain real estate sales numbers seems to indicate that the market may be shifting. For quite a while, the numbers have presented a textbook case of supply and demand economics. With decreases in the number of units sold and total sales volume year to date 2018, it could be argued that the market may be headed downward. With a more careful consideration of all of the statistics, however, it seems as if the market is still being supply driven. It’s important to breakdown the numbers to draw a more accurate conclusion of just what’s going on so far in 2018.

Buncombe County

As mentioned, looking at the number of homes sold year to date in 2018 reveals a 10% decrease over the units sold during the same period in 2017, 754 units this year versus 836 units last year. At the same time, total sales volume decreased only 4% which indicates that home prices are still on the rise. Total sales volume in 2018 year to date, $252.9 million, declined by 4% from 2017, $262.8 million. That indicates that the average home price has risen, in this instance 7% to $335,381.

The remaining numbers vary only slightly in 2018 from last year. For example, days on the market (DOM) increased a mere two days, from 80 to 82 days. That represents a significant change from the peak in 2012 of 189 DOM. Units on the market declined only 2%, from 1635 in 2017 to 1602 in 2018.That figure is a bit misleading, however, when the number of homes under contract is considered. In 2018, there are only 2 less units on the market not under contract than there were in 2017. And so, supply remains tight and sales price/list price remains at 98%, indicating that buyers are paying very close to full price for the home they purchase.

Black Mountain

Black Mountain homes sales numbers parallel those of Buncombe County, with some variations. For example, the number of units sold, 40, represents a 5% decline from the same period in 2017. Total sales volume, $12.4 million, is a 11% decline year to date. Of course that points to one difference from the county numbers. The average home price declined 7%, as opposed to the Buncombe County increase in sales price of 7%. It’s important to recognize the smaller sample size in Black Mountain, meaning that a few lower-priced homes can impact this statistic.

DOM rose slightly from 63 in 2017 to 79 in 2018. That figure is fairly close to the county figure of 82 days. The 79 DOM in Black Mountain still represents a very sharp decrease from the 2012 peak DOM of 204 days. The sales price/list price holds tight at 98%. In terms of units on the market, the 89 units is higher than the 2017 figure (81) yet lower than the 2016 figure (95). The percent of homes under contract, 74%, is very close to that for 2017, 73%. In short, supply in Black Mountain remains tight.

Conclusions

So, what’s going on in the western NC real estate market? And what can be made from these latest numbers? There are numerous theories to consider. First of all, it could be as simple as poor weather made it less likely that people were out house hunting in the first quarter. Of course, the weather is notoriously more challenging in the first quarter, so that may be a bit of a reach. Perhaps there are fewer homes, maybe even smaller homes, being put on the market right now. These homes may need more work or repairs or may not be in the most sought-after regions of the area. Is there a hesitation on the part of buyers to purchase a second home right now with the volatile stock market and the recent tariffs and international conflicts? Perhaps.

While land sales are tracked every quarter, it’s unusual to bring them into a discussion along with the real estate sales market. In this case, however, it may be prudent to bring them in now. Buncombe County land sales had a 13% increase in units sold, 185, with a 32% increase in sales volume, $$33.5 million. So, just maybe, prospective home buyers are turning away from the limited supply of homes for sale and making the decision to build their dream home.

With the current real estate market numbers, it’s a bit difficult to know exactly what’s trending. Right now, there seems to be a small decline in sales volume while the supply remains tight. It’s going to take a few quarters before an actual trend can be identified. As is well known, one can’t draw a line with one point. By the same token, it’s not possible to conclude a trend based on one shift in market statistics. Right now, it’s apparent that supply is short, and land sales are increasing. The home sales volume bears watching in the coming months. And if you have a home to sell, it continues to be a positive time to move that home onto the market.

At Greybeard Realty, the latest real estate market numbers are readily available on the website. If you’re ready to list your home for sale, please contact Greybeard, and we will assist you in the process of getting your home ready to sell. Also, take a look at Greybeard's exclusive western NC listings. While supply is down, we do have some incredible homes that are available for purchase. And, of course, if you’re someone who wants to create your own dream home in the western NC mountains, take a look at the Greybeard land listings. We feel like there’s never a bad time to move up into the Asheville area.

Lovely Log Home with Lofty Views

If’ you’ve been holding out for a hand-hewn log cabin with breathtaking views, it’s time to exhale. This incredible four-bedroom, five-bath home provides privacy and pristine views that are unmatched in NC.

Views for miles at this luxury log cabinSituated in proximity to both Black Mountain (six miles) and Asheville (16 miles), 33 Wedgewood Terrace features an open floor plan with a cathedral ceiling great room and a two-sided gas fireplace. Constructed in 2000, this 4000+ sq ft home provides ample indoor gathering spaces for family and friends. Additionally, the ample lot (1.3 acres) and the convenient nearby scenic trails offer varied hikes featuring picnic areas and waterfalls. For anyone seeking a secluded, meticulously-kept home with astonishing mountain views, you’ve found your new home.

Luxury log homes are some of the most sought-after houses offered by Greybeard Realty so it’s anticipated this listing will move quickly. For more information on this home or to learn more about Greybeard Realty’s log homes for sale, please check out the Greybeard Realty website or contact us for more information.

International Attention for Asheville

As I watched the Williams sisters at the Fed Cup in Asheville a few weekends ago, I was struck by how Asheville seems to be gaining a lot of national and international attention of late. In addition to tennis, important events are upcoming in biking, equestrian showing, and glass sculpture.  Knowing the fine qualities of the western NC mountains, I cannot say that I’m surprised by all of this attention. It’s getting more difficult to keep our secret of this very special place.

The Fed Cup in Asheville is news unto itself, but it was particularly exciting as it marked Serena Williams’ first return to competitive tennis since the birth of her first child last autumn. While the match had been decided in favor of the US prior to her arrival on the court, it was still exciting to watch as Serena and Venus played doubles before a sold out crowd.

Next on tap is the opening of the “Chihuly at Biltmore” on May 17. Dale Chihuly’s large-scale glass sculptures, set up in historic Biltmore Gardens, includes special “after-dark” viewings that promise to be spectacular. The exhibit remains in place until October 7th so there’s ample time to take it all in. That same weekend, May 18-20, Haute Route, a European cycling event, comes to Asheville. More than 300 international riders will take to the streets, with each of the stages beginning and ending in Asheville.

In September, more international riders will come to the Asheville area, however, these riders will be on horseback. The FEI World Equestrian Games will settle into Tryon, about 45 minutes southeast of Asheville, from September 11-25. This event may welcome a half million people from around the world into the area. Competitions at this event include jumping, dressage, endurance, vaulting and reining.

A quick glance at these activities really does encapsulate what’s so special about Asheville and its environs. Sure the mountains are peaceful, the views are incredible, and the pace may be a little bit slower than some larger cities. But the activities and events illustrate the broad interests of the area and offer residents a chance to experience a truly cosmopolitan life. To see other upcoming events, please check out Greybeard Realty’s event calendar. Asheville is more than just a pretty place.

A Log Cabin Home in Western NC on its Own Natural Paradise Could Be Yours

Are you someone who thinks about owning a beautiful, traditional-style western NC home that could accommodate family or guests? If so, you’ll want to look at 110 Wild Cherry Lane. This three-bedroom, 4-bath custom log cabin has an additional cabin on the property, making it a great family or group getaway spot. It’s like you have your own secluded resort, right in the NC mountains. Firepit on the water at 110 Wild Cherry Lane

Constructed in 2004 this meticulous log home has an open floor plan with a vaulted ceiling and a water view. Situated on 11.09 acres within the gated community of Gateway Mountain, this home features large covered porches that overlook two ponds and a large fire pit. Inside, a wood-burning fireplace as well as interior woodwork combines to create the anticipated mountain ambiance. In addition to the natural features on the property itself, new homeowners gain access to the amenities available within Old Fort’s Gateway Mountain community that include hiking trails, lakes, and a waterfall.

To appreciate this very special mountain property, consider heading up here to take a look at it in person. It’s really worth your time to take a walk round the property and see the incredible acreage as well as the well-maintained community in which it is nestled. If you want to tryout the area, consider staying a while at one of Greybeard Rentals’ long-term properties. If you want to see other log cabins for sale, please check out Greybeard's log home webpage. Also, if you’re looking for a home on a large land site, please look at Greybeard’s homes on 5 or more acres webpage. If you have any questions or want to request an appointment to go see this incredible property, please contact Greybeard Realty today.

Asheville Year-End Numbers Add Up to a Very Tight Supply

For many months now, Greybeard Realty has been watching the Asheville housing market grow tighter and tighter, and we see that trend confirmed when we look at the end-of-year numbers. In both Black Mountain and Buncombe County numbers, there is evidence of further tightening, which of course leads to higher prices and higher sales price to list price percentage as well. If anyone needs an example of how supply and demand work together, this year’s numbers are truly textbook. Lovely NC Mountain Home For Sale

Buncombe County

In 2017, there were 4,164 homes sold across the county, a 2% decline from 2016 numbers. At the same time, there was a 7% increase in total sales volume, up to $1.4 billion for the year. That, of course, indicates a rise in home prices. In this instance, the average price rose 9% to $338,374. In 2010, the average home price county-wide was $247,676, and prices have been rising steadily since.

As might be expected with these numbers, the sales price to list price has increased to 98%, demonstrating that buyers are paying very close to full price. And another statistic that’s very telling is the days on market (DOM) figure which has declined to 68 days, down from a high of 175 days in 2012. And of course, all of that’s an indication of just how tight the housing supply is right now. And there’s one more category that truly reinforces that. In 2017 at year’s end there were 1,425 units of the market, down 4% from 2016 figures. That’s down from 2,032 in 2012. And that drop is even more dramatic when you take into account that, of those homes listed as being on the market, 341 units or 24% were actually already under contract. The impact of the shortness of supply right now cannot be underestimated.

Black Mountain

The home sales numbers in Black Mountain very much parallel those of Buncombe County, although it’s important to remember it’s a much smaller market. The number of units sold decreased by 10% from 2016, dropping from 229 in 2016 to 205 in 2017. Simultaneously, total sales volume dropped by a modest 1%, which again indicates an increase in average price. What’s interesting in those numbers is that the total sales volume in 2017 was $61.3 million. Contrast that with the $29 million in total sales volume in 2012, and you can really start to see the tremendous growth in the housing market in the last five years.  In 2017, the average home price in Black Mountain was $299,310, an 11% increase over 2016 average price.

Similar to the Buncombe County numbers, the sales price to list price percentage stands at 98%. SP/LP was 93% in 2012.  And in Black Mountain, the DOM is down to a meager 58 days in 2017 from 85 in 2016. In 2012, homes were on the market on average 198 days. That’s quite a difference. Supply is so tight, that when houses do come on the market, they don’t seem to take very long to sell. To emphasis the market tightness, as well as the small sample in Black Mountain, at the end of 2017, there were only 70 homes on the market, that’s down sharply, 18%, from 2016 numbers. And again, that number of homes on the market is even smaller when you consider that 17 homes or 24% of the homes listed are already under contract.

Conclusion

So, what can you make from these numbers? First of all, if you have a home you’ve been waiting to put on the market in the Asheville area, this could be a great time to move on that. And secondly, if you’re looking to buy, be prepared to make an offer if you find your dream home. It won’t be available for long. And lastly, it’s time to start following land sales and watch for more spec homes. With a market this tight, people are looking to new construction and builders are seeing an opportunity for growth.

If you want to track trends, please take a look at Greybeard Realty’s market numbers webpage. If you’re looking for a new home, check out our exclusive listings in Buncombe county and Black Mountain. And if you’re ready to list that home you’ve been holding on to, give us a call at Greybeard Realty. We will help you get that sold before you know it.

Live in the Tree Tops in this Lovely Black Mountain Home

From the moment you approach the front door of 117 Valley Dr, you can sense there’s something special about this lovely Black Mountain home. From its eye-catching red door to its open floor plan, this private 4 bedroom, 5 bath home welcomes its owners home to a sunny, serene setting.

This custom-built home, constructed  in 1994, is nestled among the trees on a .86 acre lot. As a matter of fact, from the indoor living spaces, there’s a sense you’ve been transported to a treehouse rather than a mountain home. While winter light shines through from high windows in the living spaces, the north facing views include the spectacular Craggies. And from the two floors of decks, you can enjoy the light and the treetops simultaneously.

In addition to these particulars, enjoy the pristine landscaping and private trail. In the summer, the lush natural foliage provides a screen against the summer heat. The home is impaccably integrated into its environment. With its four bedrooms, this home also can accommodate a large family or guests. And with one level living an option, it’s a home that can truly grow and age as you do.  

Take a moment to look at Greybeard’s Black Mountain info page, if you’re new to the area. If you’re already familiar, contact Greybeard now to set up an appointment ot see this spectacular home. Perhaps you’d like to see what else is on the market. By viewing Greybeard’s exclusive listings page, you will get a sense of what is available currently.