Asheville Homes For Sale

Western NC Real Estate Numbers May Have Peaked For Now

For several quarters now, signs have been pointing to a shift in the western NC housing market. The 2019 first quarter numbers further indicate that supply continues to increase while average price is holding steady or decreasing. A closer analysis of these 2019 indicate that these and other numbers support the notion that the western NC housing market is slowing a bit. Western NC Mountain Home

Buncombe County

In Buncombe County in the first quarter of 2019, the number of homes sold increased 4%, up to 786 units as compared to 754 homes in the same period for 2018. While that number may seem modest, it represents a steady increase in the number of homes sold since 2012 when only 535 homes sold during the first quarter. In terms of total sales volume, the market increased 4% as well in 2019, growing from $252.8 million to $264.1 million. Interestingly, the figure is almost double the 2012 first quarter total sales volume of $133.5 million. The average home price of $336,074 shows no measurable increase from 2018 numbers. That number, again, represents a substantial increase from the average home price for the first quarter of 2012 which was $249,513.

Another key figure to consider is Days on Market (DOM) which increased from 80 days in 2017 and 82 days in the first quarter of 2018 to 90 in the same period in 2019. While that represents a slight increase from last year, the DOM figure still falls significantly below the 189 DOM seen in 2012. The 2019 number of homes on the market, 1931 units, shows a 21% increase over the number of homes on the market in the first quarter of 2018. In both years, of the number of homes listed, 70% were not under contract. By contrast, the number of homes on the market in the first quarter of 2012 was 2422, a much larger figure than seen in the market in 2019.

Black Mountain

 In the Black Mountain housing market, which is notably a smaller sample size than the county, the number of homes sold increased 13% from 2018 to 2019 with 45 units sold in the latter year. It is interesting to contrast that with 2012 first quarter unit sales, the lowest figure in the last 8 years, when only 27 units sold. At the same time, total sales volume increased 9% to $13.4 million in 2019, up from $12.4 million in 2018. That 2019 figure represents more than 100% increase in total sales volume from the 2013 first quarter total sales volume of $5.99 million. At the same time, the average price per home in 2019 actually decreased by 3%, down to $299,465 from 2018 figure of $309,685. In contrast, the lowest average home price in the last eight years occurred in 2013 when average price was $213,983.

As was the case in the Buncombe County numbers, Black Mountain’s DOM increased as well, rising to 111 days in 2019 versus 79 in 2018. While this increase is steeper than the county figure, it still falls well below the 2012 first quarter DOM number which was 204 days. One final interesting number for Black Mountain is the number of units on the market for the first quarter. That number, 128 units, represents a 44% increase over 2018 first quarter’s 89 units. This increase, while again substantially higher than the county percentage increase, still falls below the 132 units listed in 2012.

Conclusion

As stated earlier, the loosening of supply and the slowing or turning of the average home price are both indications that the housing market pace has slowed. Add to that the increase in both the county and the Black Mountain market DOM numbers, and it seems appropriate to begin to talk about an early trend toward a market slow down. Now, it seems that all eyes will be on the next few quarters to see if this is a natural and expected settling of the market or perhaps more of a solid downturn. And as usual, a few more quarters of numbers are needed to make that determination. For more information about market trends, please see the Market Numbers link. And if you want to list your home, please check out the selling your home link at Greybeard Realty. You can find all of Greybeard Realty's exclusive listings here. And please contact Greybeard directly for more information about the western NC real estate market.

Western NC Swimming Holes Are Calling This Summer

Living in Asheville not only provides access to incredible hiking but also proximity to some of the most incredible natural swimming spots you’ll ever find. If you’re considering buying a home in the western NC mountains, you can skip the swimming pool amenity for the carefree enjoyment of one of western NC’s natural swimming holes.

Perhaps the most iconic locale for local mountain dips is Sliding Rock, located less than an hour from Asheville. Basically a natural water park, this wonderfully popular spot includes a long water-covered descent, culminating with a drop into a breathtakingly refreshing pool. Nationally ranked as one of the top 10 natural swimming holed, Sliding Rock gets crowded on hot summer days so plan to have some company when you take the plunge!

For something a less known, head over to Whaleback Swimming Hole, just a few more miles away from Sliding Rock. Accessible from the Cove Creek Falls hiking area, this cooling off spot is more about wading and resting than sliding. Regardless, however, it still manages to cool you down from the summer heat. It’s also a great location for some terrific hiking while you’re there.

Turtleback FallsA little further from Asheville in that same direction is Turtleback Falls, a natural sliding area that concludes in a swimming hole. Recommended only for strong swimmers, it is not recommended for young children and requires strong swimmers. Also, only a little further down the river is Hidden Falls, a more family-friendly swimming spot. All are accessible from within Gorges State Park.

Hooker Falls, located within DuPont State Park, provides a peaceful cooling off spot, and again the watering hole is part of a series of waterfalls making it a great hike/swim combo spot. The other falls are not conducive with swimming so plan to cool off at Hooker Falls but enjoy the various waterfalls before you take a dip.

And speaking of dipping, another great option is Skinny Dip Falls, which contrary to its name is not clothes optional! With a jumping off rock and plenty of places to wade, this area is worth a trip for the scenery year round. For something with a more dramatic waterfall, head over to Looking Glass Falls which features a waterfall with a 60 foot cascade. You can wade into the water and near the waterfall and is a bit more easily accessible than some of the other spots. Greybeard Realty Available Homes

And for anyone seeking a larger swimming area than these waterfall areas provide, take advantage of the numerous local lakes including Lake Lure and Lake James. With sandy beaches and ample swimming areas, these lakes provide a chance for more swimming with less hiking.

Yes, living in western NC means hiking and incredible access to natural swimming holes. This provided list is only the beginning for residents looking to cool off from the summer heat in a natural setting. If you have some summer favorite cooling off spots, we would love to hear about them! And if you’re ready to live up this way, whether it’s year round or seasonally, Greybeard Realty would love to welcome you to the area. Take a look at Greybeard’s exclusive listings and contact us. And, please, if you head out to one of the numerous swimming holes and waterfalls, please use extreme caution. Most places do not have lifeguards, and wet rocks can be extremely slippery. Use good judgement and have a safe time making the most of western NC’s beauty.

Asheville Makes the Top Five Most Livable Hiking Towns in US List

If you’re an aficionado of hiking and are searching for the best town to live in for that purpose, then you will want to check out a recent blog by Run Repeat, the self-reported #1 shoe review website worldwide.  The company started out trying to find the best hikes and then looked at communities that allowed you to do those hikes and then return to your own bed afterwards. And guess who landed in the number four slot? That’s right. Asheville, NC. is listed among the Top 5 Livable Town for the Diehard Hiker. 

The article points to several key differences in its listing of the top 15 livable hiking cities. For one, it needs to be a year-round community, not one that shows its beauty and accessibility only a season or two. Hikes need to be within a 30 mile radius of the town center, though extra points are given for hikes within an hour drive as well. Also, there need to be job opportunities and a strong economy. Run Repeat also looked at the general culture of the communities, particularly drawn towards those with managed trail systems and evets with recreational initiatives.

And when the results were in, Asheville landed in the number four slot, trailing only Boise, Idaho, Conway, NH, and Durango, Co. Asheville is cited for its 330 miles of local trails and more than 3,000 miles of trails throughout the Pisgah and Nantahala National Forests and The Great Smoky Mountains National Park. They highlight Craggy Gardens, Chimney Rock, Black Balsam Knob, Max Patch and Mt Mitchell as being among the “don’t miss” hikes in the area. A Greybeard Rentals blog recently covered some great waterfall-seeking hikes in the area. And for a further listing of options, take a look at the National Forests’ 10 best hikes in Asheville.

If you’re new to the area, it would be great to have you come up for a week or two and stay in one of Greybeard Rentals’ Asheville area mountain cabins so you can see for yourself what the brouhaha is all about. To get you started on your hiking adventures, take a look at the Asheville area hikes webpage or contact Greybeard Rentals to get some suggestions on where you might want to start off. And when you’ve seen the mountain magnificence and decided it’s time to call Asheville home, then browse through the Greybeard Realty home listings and choose your dream home. Perhaps you’d like a stupendous mountain view like you can find at 22 Mountain View Drive. Or maybe you’re looking for something closer to town, like 109 Pleasant Drive. Regardless, Asheville has an abundance of beauty and an endless array of outdoor activities for its residents. Isn’t it time you made the move up our way?

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.

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 Isn't Just Good Looking, It's Friendly Too

Earlier this year, Conde Nast released its latest survey results for the Friendliest Cities in the US. And yes, Asheville made the list! More than 300,000 respondents contributed toward the compilation of the list that also included Charleston, Telluride and Key West. The survey results only confirmed what local residents have known for a while: Asheville folks are cheerful. Friendly Asheville Area Home For Sale

In addition to pointing how inclusive and gorgeous the area is, survey participants credit Asheville with being eclectic and artistic, citing the River Arts District as one area that particularly feels welcoming. It cites one respondent in particular who wrote: It's "an all-around wonderful small city." Other comments include: "Great mountain scenery and friendly people. Always a smile from those you meet."

It’s comments like this that highlight what draws new residents and visitors to the area year after year, and it’s one aspect of western NC that makes this area such a remarkable place to live. If you’ve been on the fence about moving up here, perhaps this will nudge you a little closer to taking that step. Take a moment to glance at some of Greybeard Realty’s home listings and see if anything catches your eye. From Asheville Log Homes to Black Mountain Condos, Greybeard has a wide range of homes available for sale.

And if you’re considering settling up here and just aren’t sure yet, how about moving into one of Greybeard Rentals’ longer term rentals so you can settle in and really get the flavor of the Asheville area. At Greybeard Realty, we feel as if you’ll find that indeed, Asheville is one of the friendliest cities in the US.

Buy Your Own Western NC Log Cabin

If you take a glance at the photos of this wonderful log home at 87 Spring Branch Rd. in the Gateway Mountain community, you’ll see the elements that make it a quintessential mountain getaway. From the stone fireplace to the wooden beams to the year-round mountain views, this 3-bedroom, 4-bath home checks all of the boxes for buyers searching for that ultimate mountain house. Add in the lovely gated community it’s nestled in, and there’s really no need to look any further.

On approach of the property, you’ll see the log cabin structure, along with the wrap around deck. Upon entering the home, you will encounter the large log beams and the vaulted ceiling of the great room. The main floor includes the master bedroom w en suite bath as well as the kitchen/dining area that opens out into the screened porch. In addition to a large loft area with plenty of reading space, the upper floor has two bedrooms with a bath. On the lower level, there’s a family/rec room as well as two bonus rooms and a bath.  The finely crafted home is energy efficient with insulation between the half-log construction.

Situated on 8.9 acres, this mountain house has plenty going on outside as well with a fire pit, a basketball/bocce ball area as well as a nearby creek. The Gateway Mountain community features a waterfall, canoeing and fishing, as well as numerous well-marked hikes. If you’re interested in utilizing the property as a vacation rental, be sure to read over Greybeard Rentals rental management webpage to get an idea of what services Greybeard Rentals provides. Gateway Mountain community makes a great living and rental location with its extensive amenities, its privacy, and yet its proximity to Black Mountain and Asheville.

Constructed in 2004, this lovely home has been meticulously cared for and is move-in ready. If you’re interested in more information about this home or any of Greybeard Realty’s other log homes for sale, please contact Greybeard.

Resolve to be an Asheville Area Vacation Home Owner

If Santa didn’t come through on the Asheville vacation home of your dreams, it isn’t too late to make that your New Year’s resolution. Isn’t it time to have your own home up in the most beautiful mountains in the world? Buy your own log cabin vacation home.

Greybeard Realty has some lovely western NC vacation homes for sale, and it’s a great time of year to come up and check them out. Greybeard Rentals #1 request for vacation rentals is a traditional log cabin, and there are a number of log cabins currently listed on our Asheville area vacation homes for sale webpage. As an example, take a look at 1506 McKenzie Way South in Old Fort. This cozy 2-bedroom, 2-bath log cabin features a spacious loft area, and its location within the gated community of Gateway Mountain provides access to hiking trails, waterfalls and a fishing pond.

If you begin your search now, you could be fishing in that pond by springtime and have a home that can be used for rentals this summer as well. Be sure to look at Greybeard’s Buyers Link for tips on how to choose a great Asheville area vacation home. To begin your search, consider staying in a Greybeard Rentals home for a long weekend. Not only will that let you get familiar with the local area, but you can also experience the top management quality as a guest and understand why our renters consistently rate us at the top after their rental experience.  Greybeard is here to help make your New Year’s Resolution a reality.

How About Some Special Asheville Area Hiking

Often times, when we’re choosing a new place to live like the Asheville area we get caught up in the school system, the nearby medical facilities, and the overall quality of life. Don’t get us wrong; all of that is relevant. We also value the outdoor opportunities, however, and we think this new list of Marmot’s top ten Asheville hikes is a keeper.

Asheville Area HikesHiking is something many of us here at Greybeard Realty enjoy, and we offer some hiking spots on the Greybeard Rentals activities website. What is great about this list, however, is that it covers places a little further distance from town. So yes, you can learn about Crabtree Falls and Old Mitchell Trail, but you also can read up on Waterrock Knob, located 33.7 miles from downtown Asheville. See, that’s what’s great about this new listing. First of all, it tells you exactly how far most of the hikes are from Asheville, how difficult the hike is, and why the site is significant. And secondly, it offers some hikes that are a bit further out from town. In fact, through the article you can access a “bucket list” of Asheville hikes that has more than 25 locations within 100 miles of an Asheville home. This list is possibly more helpful to people who live in the area than people who have already travelled for an Asheville vacation and want something closer to town.

Greybeard staff and Realtors spend lots of time enjoying the remarkable outdoor offerings in the Asheville area. We hike, bike, ultra-marathon, and whitewater raft, among other activities. To us, the Asheville area is unmatched in its possible outdoor pastimes.  It’s why we love living here, and why we think you would too. Take a look at Greybeard's western NC residential listings and contact us to go check out a few homes. It’s just the beginning of your mountain adventures.

Hipster Asheville Makes Another Top Ten List

Asheville has again placed on a “favorite list”, this one compiled by Travel + Leisure. Noted for its “earnestly hipster heart”, Asheville lands at #10 on the list. Voters in the random survey pointed to the downtown drum circle and the Carolina barbecue as a couple of local draws. For anyone who lives in this area, we know that Asheville is much more than that.

For this year’s survey, readers ranked towns with a population of less than 100,000 based on dining, shopping, and other particulars. In addition to the items cited above, Asheville also received high scores for its live music scene as well as its other local food. The locals, that’s those of us year-rounders I suppose, were ranked as “delightfully quirky.” In short, as one survey taker noted, Asheville is “probably one of the most eclectic towns in America.”

If you haven’t had a chance to experience this wonderful area of western NC, why not choose from Greybeard Rentals current listings and come see what everyone is talking about. And if you have been here and are ready to become one of the quirky members of this eclectic town, check out Greybeard Realty’s western NC residential listings. While Greybeard Realty agrees about the live music, the great food, and the incredible people, we also think you have to try it out yourself to see what everyone else is talking about. Come on up.