In yet another sign of a recovering residential real estate market, residential building permits for Buncombe County are up 21.1% for year to date. The statistics, compiled by The Market Edge, indicate a continuation of the upward trend that began last year for the Asheville area.
The Asheville area, which consists of 10 counties, increased 20.4% year to date over 2012 numbers. Buncombe County, which has a 21.2% year to date increase, had 368 permits of the 879 permits for the Asheville area. For 2012, Buncombe County had 613 residential building permits issued out of the 1,478 permits pulled in the Asheville region. While those are healthy numbers, they are still below the market peak numbers of 914 annual permits in Buncombe County of the 2,860 permits for the Asheville region that were recorded in 2008.
Still, the latest numbers indicate that 2013 should again be a positive year. If so, it would be the second consecutive year of increases in Buncombe County and the Asheville area residential building permits after three consecutive years of decline in permits pulled beginning in 2009. It's yet another sign that interest is increasing Asheville and its environs. Please check out Greybeard Realty's land listings and find that prime property you've always wanted. Add your residential building permit to growing number of permits in the area.