Blog :: 2009

How can the quintessential Asheville Vacation get any better? With Tailored Guest Services, of course

Greybeard Guest ServicesGreybeard Realty is pleased to announce the launch of a new site dedicated to meeting your Asheville Vacation needs: Greybeard Guest Services. This new service provides everything from golf packages to spa days to rock climbing adventures.

Make your next Asheville vacation stress-free. Rent a cabin, Sign up for Guest Services, arrive, relax...

Black Mountain Real Estate Market Update - Fall 2009

From an early age, my father taught me that if you can't say something nice then don't say anything.  This is my first article in a while.  In the last 12 months there hasn't been much nice to say about the Black Mountain real estate market.  Statistics from the Multiple Listing Service (MLS) indicate that the real estate market in our area may be ready to move forward. First of all, right now in Black Mountain there are 25 homes under contract.  That figure immediately indicates that there is strong interest in Black Mountain homes.

By studying the rate of homes sold in the past 15 months, it is apparent that while the number of homes sold has been decreasing, the last two months show a slight up tick in volume.

An analysis of the absorption rate indicates that the number of months a home is on the market has risen over the last year.  It's interesting to note, however, that there has been a very slight drop in that number of months in the last 60 days.

absorption

The amount of inventory available has increased as well, but that statistic is a difficult one to analyze because of the seasonal nature of our market.  In addition, it is quite possible that the increase in inventory is due to more people who were waiting for a positive market turn finally putting their homes on the market.

inventory

It is also encouraging to study the numbers of Black Mountain homes sales from January through September for the last three years.  Yes, there has been a dramatic drop in number of homes sold as well as an increase in the number of days those homes that sold were on the market.  But I find it very positive to look at the median price.  Despite that drop in sales volume, the home prices are staying solid.  There was only a 2% drop in median price for the time period from 2007 to 2009.  From 2008 to 2009, the median price dropped only 1%.  I find it very encouraging that home prices have remained so solid during this difficult stretch.

12monthhomesold

stats

In conclusion I would say that I am cautiously optimistic that the decline in the Black Mountain real estate market seems to have leveled off and might even be trending upward.  If you recall at the beginning of this article I noted that 25 homes are presently under contract.  Remember that homes sales lag about 45 days from contract date.  With these early signs of potential recovery, I expect to be writing more articles soon with even more good news to share.

Asheville Real Estate Goes Green: the North Carolina HealthyBuilt Homes Program

Earth-friendly: NC HealthyBuilt HomesBuilding a green home in Asheville just got easier. The North Carolina State Energy Office, the NC Solar Center, the NC Home Builders Association and other professional building organizations joined forces to create the North Carolina HealthyBuilt Homes Program.

A statewide voluntary certification program, HealthyBuilt Homes offers a recognized green certification, technical assistance, field consultation, and other services that enable small and medium sized home builders to increase their green building expertise. These builders become more efficient and build better green homes and eco-conscious Asheville home buyers win! Help the environment, help the local economy and live in a beautiful home in Asheville.

Here are some Healthy Built homes in Asheville and the area:

33 WORDSWORTH ROAD Black Mountain

37 Shady Park Lane Asheville

There are also many homes in Asheville with recent green technology updates. This one is particularly notable: 250 North Griffing Boulevard Asheville

Is this the Beginning of the Recovery?

While Black Mountain may have been one of the last markets hit by the economic downturn, we believe it is one of the first markets to begin recovering.  While sales in Black Mountain and Buncombe County are down from the previous year by an average of 30%, statistics from the Western North Carolina Regional MLS show that we have may have reached the bottom and are beginning to rebound.

For the first time since March 2008, home sales (# of units) in Black Mountain have exceeded the sales from the same month in the previous year, and currently, 22 homes are under contract. And while the average cost of homes significantly dropped from last year, we are finally seeing an upswing --- the median price of homes in Black Mountain has increased by 2% year-to-date.

stats-through-July09

The good news continues for August.  In August 2008, there were 3 homes sold in Black Mountain.  As of the date of this posting (August 29, 2009), there have been 7 closed sales this month.

Greybeard Realty Leads the Market in Luxury Home Sales

Greybeard Realty has become the leader in high-end home sales in Black Mountain and Montreat.  Having sold 50% of all homes in the $400,000 and above market since August 2008, Greybeard's success testifies to our experience, knowledge, and, most importantly, to the trust of buyers and sellers alike.

"We have increased marketing expenditures by 30% in a down economy, resulting in our website has seeing nearly double the traffic from the previous year, and our vacation rental reservations have increased dramatically over the last several months," noted Chip Craig, owner of Greybeard Realty.

luxury-stats

According to sales figures from the Asheville Board of Realtors, Greybeard is ranked #1 for total market share in Black Mountain and #11 for the entire Board.  Says Craig, "We are thrilled to be competing so well with larger firms.  We have 9 full-time agents, while the firms ranked ahead of us in terms of market share have dozens, if not hundreds."

Just a few of the Luxury Homes sold by Greybeard Realty

Just a few of the Luxury Homes sold by Greybeard Realty

Time is Running out on the First-time Homebuyer $8000 Tax Credit

If you are a first time homebuyer, now is the time to invest. Real estate prices are down, interest rates are low, and the $8,000 tax credit that can help you make a down payment or simply reduce home-buying expenses is still available until November 30th.

The American Recovery and Reinvestment Act of 2009 has helped many people-- this year-- purchase their first home, and The National Association of Realtors estimates that 350,000 first-time buyers will own homes thanks to the tax credit. Additionally, North Carolina homebuyers, who meet income requirements, may be eligible for a Mortgage Credit Certificate (MCC). An MCC allows you to claim 20% of the interest you pay on your mortgage as a federal income tax credit and has the potential to save you up to $2,000 a year on your federal taxes. An MCC can be combined with the $8,000 federal tax credit, but qualified buyers need to move quickly to take advantage of this opportunity because the November 30th deadline quickly approaches.

The knowledgeable staff at GreyBeard Realty wants to help you take advantage of this first-time buyers' market. Let us help you find your new home. Buyers are advised to consult with a tax professional regarding tax credits and mortgage credit certificates.

If you are a first time homebuyer, now is the time to invest. Real estate prices are down, interests rates are low, and the $8,000 tax credit that can help you make a down payment or simply reduce home-buying expenses is still available until December 1st.

The American Recovery and Reinvestment Act of 2009 has helped many people-- this year-- purchase their first home, and The National Association of Realtors estimates that 350,000 first-time buyers will own homes thanks to the tax credit. Additionally, North Carolina homebuyers, who meet income requirements, may be eligible for a Mortgage Credit Certificate (MCC). An MCC allows you to claim 20% of the interest you pay on your mortgage as a federal income tax credit and has the potential to save you up to $2,000 a year on your federal taxes. An MCC can be combined with the $8,000 federal tax credit, but qualified buyers need to move quickly to take advantage of this opportunity because the December 1st deadline quickly approaches.

The knowledgeable staff at GreyBeard Realty wants to help you take advantage of this first-time buyers' market. Let us help you find your new home.

Jane Shockey Joins Greybeard to Open Commercial Division

Greybeard Realty of Black Mountain announces the opening of Greybeard Realty Commercial, with offices at 706 N Highway 9 in Black Mountain.  Jane Shockey, a Black Mountain native with more than 20 years of commercial brokerage experience in Western North Carolina, has joined Greybeard to oversee the operations of this newest area for the real estate company.

For Chip Craig, president and founder of the 10-year-old company, the move into the commercial property business is a natural progression for Greybeard.

"With our rental management division and our real estate sales office, we already have the marketing infrastructure in place needed for a successful commercial division," he explains. "And we are very fortunate to have Jane Shockey jane-shockeyjoining us as she brings more than two decades of local commercial real estate expertise to our firm."

For Jane, it represents a chance to come back to her home town and work with an established team of Realtors.

"I'm excited to be able to focus on commercial property in the Black Mountain area," she says.  "Greybeard is a natural fit for me, and I look forward to working in the community I grew up in."

The commercial division, open immediately, will provide both rental and sales services for Greybeard clients.  Greybeard Commercial is a member of Western North Carolina Regional MLS (Multiple Listing Service), Karnes-Western North Carolina Commercial Property Exchange, and Loopnet.

What are you doing Labor Day? Plan your Asheville Vacation now!

It's never too early to start planning some fun in Asheville. We've got just the ticket:

North Carolina Apple FestivalLet's start your Asheville vacation at the North Carolina Apple Festival, in historic downtown Hendersonville. The festival includes the famous Apple Festival Street Fair that brings 150 vendors to 9 blocks of Main Street. The King Apple Parade starts at 2:30 and features floats bands, youth groups, and fire trucks. There is something about the combination of kids, apples and fire trucks that just makes you smile.

Then come to downtown Asheville for Shindig on the Green at MLK Jr. Park. A proper shindig, this event features banjoes, bluegrass, and uncontrollable dancing.

All that dancing will warm you up for a mountain bike ride in the Pisgah Ranger District. The Pisgah Ranger District is south of Asheville on either side of the Blue Ridge Parkway. Rent a bike or bring your own and explore the greatest mountain bike trails in Western North Carolina. Some of these great Blue Ridge trails can be tricky, so don't be shy to take some good local advice. First time Pisgah mountain bikers should consult a guide.Biltmore Gardens Conservatory in Asheville

Recover from biking with a walking tour of the beautiful Biltmore Estate Gardens. The historic Biltmore House is the largest private residence in America. Built for the Vanderbilt family and completed in 1895, the Biltmore Gardens were design by the revered landscape architect, Frederick Law Olmsted.

Wrap up your weekend at the Biltmore winery. Tasting and tours here rival anything you'll experience in Napa Valley.

And now we come to the crux of the vacation - which Asheville cabin suits you best?  Here are a couple suggestions: Woodhaven and Blue Ridge. Search for other available Asheville cabins here.  And have a great vacation!

Montreat, North Carolina: Traditional Fourth of July Parade

The Fourth of July celebration in Montreat has become a traditional day of homecoming. Extended families come home to Montreat to enjoy time-honored festivities and fun with family and friends. (If you are bringing your best friend along, you might consider one of our pet-friendly vacation rentals.)

The day kicks off with the Montreat Gait, a  5K race 7am at the Montreat Gate. The Parade begins at 10:30 and travels along Lookout Road, Assembly Drive and Assembly Circle.  Montreat Fourth of JulyMontreat's own, Charlie Caldwell, is grand marshal for this year's parade. Come early to find a great spot along the parade route.

A Barbecue lunch follows the parade. At 2:00, the Old Timers' Softball game begins at Welch Field. Throughout the day there is Library Book sale at the L. Nelson Bell Library and free Boat Rides. The event wraps up with a Barn dance (by the post office).

Contact us for more about this sweet family event. For more photos and information, check out the Montreat Conference Center.

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Montreat Real Estate Update - June 2009

Montreat Real Estate Sales While the national economy has impacted Montreat real estate sales, our mountain cove has been protected from most of the economic storm. Montreat Property continues to sell.

Click here for a complete list of closed home sales in the last 12 months.  Click here for the closed lot sales in the last 12 months.

For currently listed properties in Montreat, click for Montreat homes for sale and Montreat lots for sale.

Vista at Montreat A must see when you are in Montreat. Only 3 lots remaining for sale. Located on Chapman Road off Lookout Road, Vista at Montreat has it all - lots that are 4 times the average Montreat lot, long distance views, easy to build on, water and sewer, close to Montreat Conference Center, and Rainbow trail passing through the property.

New Zoning Changes Town of Montreat is implementing several new zoning ordinances that will impact the future of Montreat. It is very difficult to find the correct balance of preserving what we all love about Montreat and protecting individual property rights. Some of the changes include a Hillside Ordinance, Stormwater Ordinance, Open Space Conservation Plan, and utility (road, sewer, and water) requirements for building on lots.  For more information, visit the Town of Montreat.

Links to Montreat Information