Buyers searching the Asheville real estate market for a second home will find many suitable listings, and, with the Asheville real estate market on the uptick, now would be a great time to consider that investment. A second home can be a great weekend/summer getaway spot for you. It can also serve as an Asheville rental home until you are [...]
The Asheville real estate market should continue to grow, if I can trust the lessons I learned in Econ 101 of supply and demand. With the tightening of funds for contractors building homes on speculation, fewer new homes are coming onto the market. Without that option, buyers are turning to existing single family homes. All of that means a tightening supply of available homes.
Charming Greybeard Realty Black Mountain Listing
In Buncombe County and Black Mountain, the supply of homes available for sale is down 15 percent compared to the same time last year. Market watchers will know that our supply drops this time of year so it is crucial to note that this figure is compared with last year's number for the same period.
With the inverse relationship involved with supply and demand, it can be argued that with the supply decreasing, we should see rising sales and perhaps prices. The question that remains, however, is the impact of the recent foreclosure agreement with the banking industry. While that agreement was pending, many banks ceased or slowed foreclosures. Some market analysts predict that foreclosures will increase again which could affect that market adversely.
It's interesting to note that nationally, one in four home sales the last quarter of 2011 were for distressed homes. Asheville spring always seems to bring signs of hope. The decrease in Asheville area homes for sale seems to indicate that the Asheville real estate market may be headed for brighter times. For more information about Western North Carolina real estate including Asheville homes for sale, please contact Greybeard Realty.
The Asheville real estate market, which showed some promising signs last year, can take more hope in the most recent numbers from real estate in the South. In the South, sales of single family homes rose 3.8 percent in January. While the median price for existing single family homes decreased 2.6 percent in the region, compared to [...]
The Asheville real estate market has varied commercial property offerings, but it is rare to find such a charmingly preserved property as Greybeard Realty's 101 Black Mountain Avenue. Located in historical downtown Black Mountain, this 8,800 sq. ft. renovated factory building features exposed brick, extremely high ceilings, and old-time character with modern updates.
Charming Commercial Real Estate
Recently renovated, this property sports new hardwood floors, new HVAC, wiring and plumbing, and off-street parking. The potential possibilities for this prime piece of real estate are limited only by the new owner's imagination.
If you're seeking a new property that will blend in with the delightful ambiance of Black Mountain, you have found your location. The property is ready and updated...just bring your own business plan. For more information about this property or other Asheville commercial property, please contact Greybeard Realty.
Pristine Mountain Cottage
This special Black Mountain cottage is pristinely maintained and offers its new owners an enviable location, just a five minute walk from the town of Black Mountain and Lake Tomahawk.
The three bedroom, two bath home features gleaming hardwoods and an up-to-date kitchen with granite countertops.
While it would make a wonderful second home or retirement home, it also can be used as an in-town rental property. For more information on this cottage or other Asheville real estate property, please contact Greybeard Realty.
Several years ago, as the recession began, I wrote about the Asheville real estate market and looking for positives signs in a down market. I noted that as we were one of the last markets affected, we should be the first to show signs of recovery. The most recent numbers for the real estate market seem to give some bearing to that economic [...]
