Statistics and statistical analysis can be varied, depending on who is parsing the numbers.  While I consider one item to be a positive sign, someone else can come along and decide it's a negative.  Regardless of how one looks at the real estate numbers for Buncombe County for the last few years, the one observation that most people would agree on is that we are a seasonal market, and we are headed toward our positive season.

In considering the first two months of market numbers for Buncombe County and Black Mountain, there are some numbers that seem solid.  The number of homes sold for Jan/Feb this year, compared with last year's numbers, are steady. In addition, in Black Mountain, the 14 homes sold are only two less than the 16 units sold for this period during 2008 before the national real estate market decline.  The County comparison for homes sold this year to date compared with 2008 during the same period, however, represents a 32% decline.

Sales volume comparison for the same period for 2011 versus 2010 in the County shows a 10% decline.  Black Mountain sales volume for these first two months of 2011 shows a 12% increase over the same period in 2010.  Those numbers parallel the average price trend, which has Buncombe County declining 9% and Black Mountain increasing 4%.

One area of concern is Days on Market which has increased in both the County and Black Mountain.  The number of days, 187 for both markets, is about double what we would like to see in a growing real estate market.  It's also interesting to note the number of homes on the market which has remained steady in Black Mountain and decreased in Buncombe County.  While that would seem like a positive, there is no way without further study to determine if those numbers are that way because people are removing their homes from the market or holding off putting them on the market until the market picks up a bit.

Again, different people will consider these numbers and perhaps have a different slant to put on them.  But I look at these numbers and the market trends over the last few years, and I feel very comfortable noting that with spring here and summer around the corner, we are entering an active period for home sales.  And if buyers enter the market willing to offer fair price, they should be able to buy a home that will meet their needs now and provide them with a solid investment for the future.

For more information about the Asheville Real Estate market, please contact Greybeard Realty.

Annual numbers for real estate sales for 2010 have been released by MLS, and at first glance it's hard to find much good news to hang your hat on.  A quick scan down to the percent change shows negative numbers in every category except one---and that one shows no change at all.  Those declines hold true for both Buncombe County and Black [...]

If you have dreamed of owning an Asheville rental cabin of your own, you may be interested in the information presented recently in the Wall Street Journal. The article indicates that second home sales in some markets increased at dramatic levels last year. According to the article, the soaring sales levels can be attributed to deeply [...]

If you have enjoyed your vacations in your Asheville rental cabin, perhaps it's time to make the move and purchase your own home in Black Mountain.  Greybeard Realty has two new listings, both conveniently located within city limits.  Each of these 4-bedroom/2-bath homes can offer owners their own [...]

Greybeard Realty of Black Mountain, NC, unveiled a new website this week dedicated specifically to their rental home division.  The Asheville area rentals website offers clients more search options, including allowing them to set up a favorite homes grouping so they can do a close comparison to choose the property best suited for their needs.

Setrock Creek Falls in Black Mountain

For company founder Chip Craig the new website improves the service his company has striven to provide since its inception in 1999.  "We pride ourselves on being responsive to our clients, and we think this new website will give them more options and more information, which will make it even easier to choose the right rental home."

Asheville NC Vacation Rental Homes

Greybeard Realty's rental staff manages more than 150 vacation rental homes in Asheville and surrounding towns, and more than 100 long-term rentals in the Asheville area.  Amenity categories include pet-friendly homes, secluded homes, romantic homes, and homes with hot tubs.

Craig notes that his company just reached a milestone when they surpassed the 20,500^th reservation in their rental division.  A survey conducted of Greybeard's rental guests last year indicated that 99% of them would recommend the company to their friends and family.  With the launching of the new website and the positive feedback from past renters, Craig predicts that the number of rental reservations will continue its steady increase.

Greybeard Realty is a full-service real estate company with 11 brokers and 6 guest service employees.  For more information on Greybeard Realty contact Chip Craig at 828-669-1072.

The Sept/Oct 2010 issue of Sierra Magazine ranks 162 US colleges in its 4^th annual "Coolest School" contest, and Black Mountain's own Warren Wilson College came in at #14 on this year's list. This represents a four slot rise for the school as they appeared last year at #18.

Farm Life at Warren Wilson College

The magazine ranks the colleges based on each college's responses to an 11 page questionnaire. Topics surveyed include energy supply, efficiency, food, and academics plus other categories.  Warren Wilson, which the article says gets one third of its food from farms within 500 miles of campus including from its own six-acre organic garden, scored 81.8 out of 100.  The number one school, Green Mountain College of Vermont, scored an 86.8.

Warren Wilson College boasts that "We are not for everyone..." and offers a unique triad approach to education: academics, work, and service.  The accredited, four-year, private liberal arts college was founded in 1894 with a philosophy of sustainability.  With this latest ranking, it seems that that philosophy has remained with the school for more than 100 years.

At Greybeard Realty, we pay attention to sustainability as well.  We offer a complete list of green homes available in the Asheville Real Estate market. Sharon McConnaughy, our sales agent specializing in environmentally conscious homes, can help steer you toward environmentally sound homes in the Asheville area.  For more information please contact her.

When renters contact us, they often come with their list of criteria, and often that list includes a mountain view.  We recently added two mountain homes to our rental listings that meet that need, each with a different [...]

Chip Craig, Greybeard Realty founder, studies the Black Mountain market regularly.  In a recent Asheville-Citizens Times article, he notes that the return of positive numbers in the local market is not surprising to him.  "It was growing a lot before this downturn," he said. "We were one of the last areas to feel it, so it makes sense we'd be one of the first areas to improve," said Craig. 

Black Mountain Views

In addition, Buncombe County continues to show positive signs of real estate growth.  Another piece in the Citizens Times attributes the growth to new buyers and price shifts.  Be sure to read the particulars of this article  for more insight into the steadily improving market.

From the previously mentioned articles, it appears the numbers indicate that the local real estate market is headed toward more steady growth. As other areas of the country improve, and more people can sell their existing homes in those areas, expect to see even more people coming to Black Mountain to enjoy what the area has to offer.

Greybeard Realty experienced a 14 % increase in home sales volume for 2009.  That figure in itself is impressive, but when it is compared with area sales volume overall it becomes even more [...]

Last month I cited my father's advice in saying "if you can't say something nice then don't say anything."  This month, I would like to point to the wisdom of Albert Einstein when I say, when considering the annual numbers for homes sales for Black Mountain, just remember, "It's all [...]