Third quarter numbers of western NC real estate are in, and the market seems to be holding fairly steady to its latest upward trend. While growth in some areas is small, there are a few particular statistics that may be very telling about the market to come. [...]
Mid-year home sales numbers in Black Mountain and the Asheville area for 2016 indicate that the upward movement continues with strong sales and a short supply. With several months of statistics on hand, it seems appropriate to begin talking about the growing trend in western NC real estate [...]
Reports for Asheville area land sales come across the desk periodically, but it isn’t often that they have numbers like the April report. While Asheville numbers increased 45% over the numbers year to date for last year, the Black Mountain land report for the same time period was even more [...]
Glancing at the April numbers for Buncombe County real estate sales, I was struck by the significant increase in total sales volume for the month. Compared to last year at the same time, sales volume increased a hefty 25%. Now, one month does not make a trend, I understand. But the large increase is worth watching in the next few months to see just what's going on in the Asheville area real estate sales market.
In last month's quarterly report, I noted that the number of units had been shrinking. While there are a few more homes on the market this year at this time than last year, that number can be deceiving as right now 31% of the homes listed as being on the market are actually already under contract. The second piece of data that caught my eye was that the number of units for the same time period only increased 9%, which indicates there was a substantial increase in the average price. Indeed, for this year through April, the average home price in Buncombe County increased 15% over last year.
When I consider all of the statistics together, I come to one general conclusion. If you have been considering listing your home for sale in the Asheville area, this report indicates that this could be the time to do that. If you've been on the fence, it may be time to act. Greybeard has some good ideas about how to prepare your home for sale. And if you want to speak to a Realtor about how to begin the process, please contact Greybeard Realty. In terms of selling your home in the Asheville area, as the old adage goes, "there's no time like the present."
Well, the first quarter market statistics are in, and the recent trend of tightening supply seems to be impacting the real estate market in the western NC mountains. And fairly predictably, as the housing supply dwindles, land sales have surged for the first time in several years. The current numbers support the supply v demand theory so [...]
The end of the year is always time for reflection and resolutions. And real estate is no different. The year-end numbers for real estate sales in Buncombe County and Black Mountain indicate that the market is solid. A closer reflection of the numbers reveals some interesting [...]
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 [...]
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 [...]
At Greybeard Realty, we monitor Asheville market news, always looking for indicators of how the housing market is growing. In the last month, we've seen some very interesting numbers that may foretell of further area growth in the coming [...]
