Lake James, located 50 miles northeast of Asheville in Burke County, North Carolina, is a captivating community nestled in the Blue Ridge Mountains. The lake covers an expansive 6,510 acres with a 150-mile shoreline and offers a wide range of outdoor activities. It's [...]
When purchasing property, acreage is a versatile amenity because it gives you endless opportunities to customize, grow, and develop. In Western North Carolina, acreage also equates to serene spaces where you can enjoy the beauty of the rugged mountains, pristine lakes, and lush woods that characterize our [...]
It has been a little over a month since the mountains of Western North Carolina received over three months' worth of precipitation in a single day, resulting in historic flooding. The region experienced widespread outages and devastation. Naturally, the real estate market was also heavily impacted. While some areas were left untouched or [...]
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Buncombe, McDowell, and Burke County Market Trends
The fall leaf season is here, and while the seasons are seeing their colorful shift in our beautiful mountains, real estate trends remain on a similar trajectory as the trends we observed in Q2. Overall, we are seeing fewer new listings. Prices remain relatively stable despite lowered demand [...]
Lake James, a watery oasis located at the edge of the Pisgah National Forest and the Linville Gorge wilderness area, is quickly becoming a destination for travelers and an epicenter for luxury lakefront real estate. The closest towns are Marion and Morganton, and the lake is also easily accessible from mountain towns like [...]
After a few record-setting years for the Western North Carolina real estate market, the latter months of 2022 and early 2023 have left many questioning if the narrative might be shifting, if only slightly. Inventories have remained low which has kept prices relatively stable in our market, even amidst the ongoing backdrop of economic and [...]
Hindsight is 20/20, and with 2022 in the rearview mirror, the climate of the Western North Carolina real estate market is becoming clearer as we kick off the first quarter of 2023. In 2022, we began to see increasing signs of an overheating market that was beginning to cool amidst the backdrop of sharply rising interest rates – not to [...]
As we close out the 3rd quarter and enter the final stretch of 2022, it likely comes as no surprise that the impact of rising interest rates is becoming more evident in our market. While there are signs of softening demand in the Western North Carolina real estate market, low [...]
While the Western North Carolina real estate market is still in a strong position, there is no doubt that a lot has changed since Q1 of 2022. Since our last update, interest rates have continued to climb, inflation and recession concerns have persisted, and global and economic [...]
What does it look like when a red hot real estate market is overheating? A case could be made that this is the very state of the Asheville area and Western North Carolina market as summer nears and demand continues to exceed supply. While we know that similar trends have been seen [...]
