Chip Craig

Piecing Together Western NC First Quarter Real Estate Numbers

Analyzing the Western NC real estate market is similar to assembling a jigsaw puzzle. In addition to collecting the pieces and comparing the edges, a good puzzle solver also needs to be able to make an educated guess about what the next piece will be. First quarter numbers for the Asheville area indicate that the recent upward trend in the real estate market continues and has solidified. Indices including total sales volume and the number of homes sold continue to grow at a healthy rate, just one indication of the vibrant housing market the area is enjoying right now.

Piecing Together Western NC Real Estate Puzzle

Piecing Together Western NC Real Estate Puzzle

Buncombe County

In Buncombe County, the number of homes sold in 2015 grew 14% over the same time period in 2014. The 715 homes sold are still below the 819 homes sold in 2007, but it represents the second consecutive year that the number of units has increased. As anticipated, the total sales volume has increased a steady 15% as well. The $195 million sales volume marks the fourth consecutive year of increases in total sales volume for year-to-date numbers. The sales figure is slightly below the $233.7 million in sales volume which occurred in 2007, the last year before the recession occurred. The price average of $260,065 represents a modest increase of 1%, a figure that is anticipated to increase as inventory continues its steady decline. The number of houses on the market is down 17% this quarter to 1,469 units on the market and down from the high of 3,316 homes available in 2010.

Black Mountain

In Black Mountain, the real estate market grew in the first quarter of 2015 at a very robust rate. The total number of 49 units sold in the first quarter of 2015 is up 63% from the same time last year. As a further illustration of the market's growth, that number of units compares with the low of 17 units sold in the first quarter of 2009. Total sales volume, $11 million in the first quarter, represents a 71% increase over the same period last year and marks the largest sales volume in the last nine years. Interestingly, the average price per home was $228, 642, up a modest 5% from last year's number. It marks the third consecutive year of increase in the first quarter. And because inventory is at 102 homes, down 10% from last year and the sixth year of steady decrease in units, it seems reasonable to conclude that the steady increase in home prices should continue.

Conclusions

All the puzzle pieces seem to be falling together, indicating that home prices should begin to rise at a sharper rate and the western NC real estate market upward trend should continue. The only mystery to this puzzle is land sales which continue to lag behind the growth of existing homes. In both Buncombe County and Black Mountain, land sale units have decreased in the first quarter of 2015. In Black Mountain, in particular, the number of lots sold, four, matches the lowest number of units sold in 2012. If the inventory of existing homes continues to shrink, land sales may rise as people opt to build their own homes. However, it's going to take a few more quarters of tracking real estate and land sales to see if that final piece falls into place. For more information about the Greybeard western NC listings, please contact Greybeard Realty.

Yes, Asheville is Cool and Now Others Know It

Asheville Coolness

Come see what makes Asheville cool.

A recent on-line article by Matador Network lists the top 20 coolest towns in the US, and we are not surprised to see Asheville at the top of that list. Citing the architecture, the food-to-table cuisine and the craft beer industry, the article attributes Asheville's real rise to coolness to the hardworking people who drove the mid-1980s revitalization of the local area.

Matador notes its general criteria for coolness include towns having a local heart, excellent natural features, and cultural diversity. Specific to Asheville, the writers note the town wins top billing because of its location, the welcoming, supportive community, and the Southern family-friendly culture. Recognized local activities include hiking along Horsepasture River, cocktails at the Crow and Quill, and catching some music at the Orange Peel.

If you are ready to settle in the coolest town in the US, check out Greybeard Realty and take a look at the local western NC real estate listings. If you want a chance to sample Asheville first prior to purchasing a home here, consider staying in one of Greybeard Rentals' Asheville rentals. Come see for yourself what makes Asheville so cool.

 

Newly Listed Black Mountain Home Features Craftsman Charm

An authentic craftsman-style home, recently listed by Greybeard Realty, offers new owners a move-in ready option with historic character. Anyone wanting unique, turn-of-the-century charm without the cost of rehab and refurbish should schedule an appointment today to see this magnificent home.

Enjoy the craftsman-style quality of this Cheshire Village home.

Enjoy the craftsman-style quality of this Cheshire Village home.

Located in Black Mountain's Cheshire Village, this newly-constructed home (2008) is Energy Star rated. With seven post and beam constructed porches/patios and two master suites, this home has ample living space as well as three fireplaces, one on each level. And with its low maintenance stone and cedar exterior and the lawn/landscaping included in the HOA fees, this Black Mountain home appeals to owners who want to enjoy the western NC amenities rather than commit to household chores. Walk to restaurants, shops and the fitness center from this 4 bedroom, 4 bath home. This 3,690 sq ft home offers its new owners ease of upkeep as well as convenient access to the area.

Cheshire Village, a small walking community within Black Mountain, has a small-town flavor, and adjacent Black Mountain has numerous shops and restaurant options. For more information about this property, please contact Chip Craig. From Greybeard Realty's website, you can access additional homes for sale in Cheshire Village. To appreciate western NC first-hand, why not check out Greybeard Rentals website which will give you an opportunity to rent an area vacation home and enjoy the area and see what it has to offer.

Big Flavors at Asheville's Small Plate Crawl

 

Sample the Asheville Small Plate Crawl

Sample the Asheville Small Plate Crawl

Asheville residents and guests can take advantage of this year's Asheville Small Plate Crawl, an event sponsored by Asheville Independent Restaurants. The three-day event, which kicks off on February 24, offers attendees a chance to sample local chef's best food options.

The local event provides Asheville residents with a chance to taste various small servings from dozens of Asheville restaurants located in the downtown area as well as Biltmore Village and West Asheville. And for Asheville visitors, it gives guests a chance to sample the flavor of the Asheville community. To get started, go to the Asheville Small Plate Crawl website and start selecting the restaurants you want to sample. Then, with the online printable AIRpass you can head off at your own pace to get a taste of Asheville.

Joining in one of these community efforts is a great way to get a sampling of what Asheville is about. Sure, you can read the Asheville information, but to appreciate the special flavor of this wonderful community, you really do need to experience its activities. If you already know what we're talking about and you haven't made the move up here yet, come on up and take a look at some of Greybeard Realty's great Asheville real estate now on the market. If you have heard all about Asheville and think it may be your next move, what are you waiting for? Click on Greybeard Rentals website and book a weeklong rental so you can come sample the Asheville flavors for yourself.

Serenity Now in this Lovely Log Cabin Near Asheville

If you're looking for a private mountain getaway, take a look at 22 New Lite in Fairview. Located just minutes from Asheville, this two-bedroom, two bath log home has spectacular views. Enjoy your morning coffee on the spacious covered front porch and take in the quiet nature of the area.

This newly-listed log cabin is an Asheville paradise.

This newly-listed log cabin is an Asheville paradise.

This well-kept Asheville area log cabin, now known as "Annie's Cozy Cabin" also can continue as a vacation rental. Currently managed by Greybeard Rentals, this home has an excellent rental history with numerous return guests. With its wood paneling interior and its log exterior, this smaller home fits nicely in the natural setting. Constructed in 2007, this one-story home with a private well has just been listed and should sell quickly.

For more information on this newly-listed home, please contact Greybeard Realty. Take a look at Greybeard Realty's vacation homes for sale and read over Greybeard's information on buying a vacation rental home. Isn't it time for you to have your own mountain escape home?

 

Hooray for the Asheville Area Real Estate Year-End Numbers

Over the last year, monthly reports have indicated that this could be a great year for Asheville area real estate sales. And now that the 2014 year-end numbers for Buncombe County and Black Mountain have been released, statistics confirm that this last year indeed was a very positive one. In both markets, figures confirm that the steady growth has continued through the year.

Asheville real estate market numbers on the rise

Asheville real estate market numbers on the rise

Buncombe County

Asheville area sales showed a steady increase at year's end with the number of units sold increasing 4% from 2013 to 3,577 homes sold. Total sales volume grew 8% to more than $967 million while the average price per home increased 4% to $270,376. In fact, the only declining numbers reported for the region were in "days on the market" and the "number of units on the market" which decreased by 13% to 1,489 homes. This decline illustrates the tightening of supply on the market which should lead to increase prices in the future.

Black Mountain

Black Mountain numbers mirrored those of Buncombe County, and the numbers were even stronger for this region. The number of units sold reached 170 for the year, a 13% increase over 2013. In addition, sales volume grew to more than $39 million, a 28% increase over last year. Also, the average price per home grew 13% to $229,838, a bit lower than Buncombe County prices. And similar to the County numbers, "days on the market" decreased to pre-2010 levels and the "number of units on the market" decreased by 13%, to 95 units. Like the Buncombe County numbers, all of these are still below the peak market numbers from 2006-2007.

Conclusion

While these numbers are all still below the peak numbers of 2006/2007, there are signs that perhaps numbers are inching back up toward those peak numbers. In the month of December 2014 in Buncombe County, 317 homes sold. Compare that with 239 that sold that month in 2013 and the December 2006 peak of 276 homes. Sales volume for December 2014 was $94.2 million compared to $59.6 million in December 2013 and $83.6 million in December 2006. While it is difficult to draw any firm conclusions after just one month, given the positive year-end numbers and the strong growth level of December 2014, it may be that these 2014 year-end numbers are just a harbinger of the good times to come.

Greybeard Realty tracks real estate sales statistics which can be accessed at real estate statistics and trends on the website. For more information or for assistance in buying or selling a home in the Asheville area, please contact Greybeard Realty.

Black Mountain Beauty for Sale

If an idyllic Black Mountain home is on your wish list, look no further than 36 Cheshire Drive in Cheshire Village. This 3-bedroom, 2 bath home, constructed in 2000, has meticulous details and varied living spaces.

Take advantage of the mature plantings at 36 Cheshire Dr.

Take advantage of the mature plantings at 36 Cheshire Dr.

The home, which overlooks Cheshire Park, has a front porch perfect for rocking chairs to watch as life strolls by. And a back patio features stone work and mature plantings including raised beds. The modern kitchen has stainless steel appliances, and the various living spaces combine woodwork and clean, calm colors, giving the home a fresh, cozy feel. Cheshire Village is a wonderful walking community with restaurants, a gourmet market, and walking trails. In addition, you are only a short drive from downtown Black Mountain, with its amenities.

This move-in ready Black Mountain home is only one of Greybeard's Black Mountain listings. Black Mountain, the front porch of western North Carolina, has mountain craft and art stores, outdoor gear shops, and several microbreweries in addition to a wide variety of eating establishments. This lovely mountain community provides easy access to Asheville while providing a close sense of community. Why not contact Greybeard Realty and come take a look at this charming Black Mountain home and check out this home's beauty.

 

Magnificent Views Make this Asheville Area Vacation Home

If spectacular views and privacy top your list for an Asheville area vacation home, you'll want to take a look at 92 Mountain Lily Ridge in Alpine Valley. This 3-bedroom contemporary one-level home in the greater Asheville area has fantastic long-range mountain and valley views. It has to be seen.

Magnificent Views From Mountain Lily Ridge Home

Magnificent Views From Mountain Lily Ridge Home

In addition to the main house, there's also a new one-bedroom, one-bath garage apartment for guests and family. The gated community where this lovely home is located has waterfalls and creeks and does not allow rentals. Mature landscaping around the home includes roses, irises and flame azaleas, all of which add to the sense of peacefulness in the home. Watch gorgeous sunsets, see the storm clouds drop into the valley, and take advantage of the best view around of the July 4th fireworks.

While this home cannot be used as a rental income property, it can serve as a fabulous second home. With nearby waterfalls, incredible vistas, and remarkable privacy, it meets the requirements of most people seeking solitude for their second home. For more information about this home or other Greybeard vacation homes for sale, please contact Greybeard Realty. To see how Greybeard assists buyers in the home-buying process, check out our buyers' webpage. It's not too early to think of watching dogwoods bloom in the distance from this gorgeous home.

 

Make Yourself at Home in Black Mountain at 69 Meeks

If you have been looking for a great Black Mountain home for your family, you will want to check out this Greybeard listing at 69 Meeks in Black Mountain. With 4 bedrooms, 3 baths, and a bonus basement room, this home is ready to welcome its new owners into the neighborhood.

Make this home your home.

Make this home your home.

Park your car in the attached two-car garage and head directly into the home. Located on a half acre lot, this house has a modern kitchen with granite countertops and stainless appliances. There's a great living space with a gas fireplace on the main level as well. Settle into a rocking chair on the covered front porch or head out back. The large rear deck provides access to a fantastic fenced yard with an outdoor space including a stone grilling area, a fire pit, and fruit trees down to a mountain stream. While the house is beautiful, you may be tempted to spend most of your time outdoors.

Black Mountain is a small, welcoming mountain community with good schools and easy access to Asheville. Feel free to browse through Greybeard's other listings as well. And for more information about this home or any other, please contact Greybeard Realty.

Buy Your Own Asheville Vacation Home Now

As this holiday season comes to a close, it is time to start working on the next family reunion. And what would be better than having that gathering in your own western North Carolina vacation home?

Buy your own western NC vacation home

Buy your own western NC vacation home

Right now, Greybeard Realty has a solid listing of Asheville vacation homes for sale. Having your own vacation home in this peaceful yet adventurous area offers everyone in your family a chance to pursue something of interest. Perhaps you have a dare-devil daughter who prefers ziplining or mountain climbing. Or does your grandchild love mountain biking? To see a little of what the area offers, check out Greybeard's Family Fun page. You could buy your dream vacation home now, and the extended family could settle in for a bit this summer for the next family get-together.

And if you want to use the property as a rental when you aren't using it, consider having Greybeard Rentals manage it as a rental property. Greybeard Rentals, founded in 1999 manages 339 rental properties, including 170 long-term homes and 169 vacation rentals. And a recent survey with almost 500 participants ranked their satisfaction with Greybeard's overall property management at 4.73 out of 5. For more information about our management team or to start searching for your own vacation home, please contact Greybeard.