Blog :: 03-2012

Asheville Real Estate Market Blooms in the Spring

Asheville real estate market followers understand the seasonal nature of our area real estate sales.  At Greybeard Realty, we encourage buyers and sellers to do some spring cleaning as they enter the Asheville market.

For sellers, a literal spring cleaning of the home can be very useful in preparing a home to go on the market.  Clutter and personal items in a home have been noted as two factors that can affect potential buyers who have a more difficult time seeing a home as their own if it's still chock full of the present owners' belongings.  Hiring a professional to conduct a home inspectioncan save the sellers from getting deal-breaking surprises at closing time. And be sure to showcase your home in its best light with a professional photographer like Greybeard Realty's choice, Gary Leive, photographer.


Sellers and Buyers can benefit from a good spring cleaning


For buyers, spring clean your credit report.  Take advantage of the free reports everyone is privy to annually and see if there are mistakes.  Know your price limit and have your financing in order so you will know whether to seek a high-end home or a small fixer-upper Asheville cabin.

If you are a buyer of a second home as a potential Asheville rental vacation home, understand the expenses and perhaps delegate the management of that property to Greybeard's award-winning property management team.  If you presently own an Asheville rental vacation cabin, we can arrange for your spring cleaning and have it ready when the first guests arrive.

For more information about Asheville real estate, contact Greybeard Realty.

Asheville Real Estate Market Primed for Second Home Purchase

Buyers searching the Asheville real estate market for a second home will find many suitable listings, and, with the Asheville real estate market on the uptick, now would be a great time to consider that investment.  A second home can be a great weekend/summer getaway spot for you.  It can also serve as an Asheville rental home until you are ready to make the move into the home yourself, perhaps after retirement to Asheville.


View From 98 Westminster, Montreat, NC


Greybeard Realty has many homes that have served as rental/vacation homes previously.  In addition, most homes within Black Mountain and Montreat can serve as vacation homes.  Greybeard Rentals offers three suggestions when choosing a home to use as a vacation property.  Our most requested Asheville vacation or rental home is a home with a view.  Timber frame and log cabins are also a high priority for our renters. Our vacationers often search for homes with hot tubs, which can be added to most homes quite easily.

If you are considering buying a second home as a rental property, please check out Greybeard's experienced rental management division.  Our award winning management team handles every aspect of your rental including marketing your home through our national marketing network and home inspections after each rental period to ensure the integrity of your home.  Contact us for more information on Asheville homes for sale and Greybeard's rental management team.

Asheville Real Estate: Econ 101 Supply and Demand?

The Asheville real estate market should continue to grow, if I can trust the lessons I learned in Econ 101 of supply and demand.  With the tightening of funds for contractors building homes on speculation, fewer new homes are coming onto the market.  Without that option, buyers are turning to existing single family homes.  All of that means a tightening supply of available homes.


Charming Greybeard Realty Black Mountain Listing


In Buncombe County and Black Mountain, the supply of homes available for sale is down 15 percent compared to the same time last year.  Market watchers will know that our supply drops this time of year so it is crucial to note that this figure is compared with last year's number for the same period.

With the inverse relationship involved with supply and demand, it can be argued that with the supply decreasing, we should see rising sales and perhaps prices.  The question that remains, however, is the impact of the recent foreclosure agreement with the banking industry.  While that agreement was pending, many banks ceased or slowed foreclosures.  Some market analysts predict that foreclosures will increase again which could affect that market adversely.

It's interesting to note that nationally, one in four home sales the last quarter of 2011 were for distressed homes.  Asheville spring always seems to bring signs of hope.  The decrease in Asheville area homes for sale seems to indicate that the Asheville real estate market may be headed for brighter times.  For more information about Western North Carolina real estate including Asheville homes for sale, please contact Greybeard Realty.


Asheville Real Estate Sees Promise in Some Market Numbers from the South

The Asheville real estate market, which showed some promising signs last year, can take more hope in the most recent numbers from real estate in the South.  In the South, sales of single family homes rose 3.8 percent in January.  While the median price for existing single family homes decreased 2.6 percent in the region, compared to January 2011, the market still shows signs of promise.


Asheville Real Estate


Unsold listed inventory of homes in the South reached a record 4.04 million in July of 2007.  Overall, the total listed inventory has been headed downward, and the inventory now stands 20.6 percent from a year ago.

While it's still early in 2012, various market signs are pointing to a more positive real estate market in the South.  We have to expect that the Asheville real estate market will be leading the way. For more information or for help in navigating the Asheville real estate market, please contact Greybeard Realty.