Blog :: 2016

Purchase Panoramic Privacy in this Black Mountain Vacation Home

Your western NC vacation time may have come to an end, but you can have your own Black Mountain vacation home, fully furnished, when you purchase 69 Kalmia Drive. This 3-bedroom, 3-bath home provides panoramic views within the private, gated community of Creston.

69 Kalmia Street ViewThis craftsman-style home, constructed in 2009, has an open concept floor plan with a large stone fireplace as a focal point. Located on a 2.45 acre flat lot, the house has a large deck and screened porch which enhances the opportunity to appreciate the natural beauty of the area. The home’s simple lines and numerous windows complement the flora and fauna as well. The street name of Kalmia is taken from the genus of the Carolina Mountain laurel that grows abundantly locally. The community of Creston features a gated entrance with waterfalls and trails, along with a mountaintop clubhouse. With the pristine condition of this home, which includes its furnishings, a new buyer can move in right away and begin to appreciate the amenities immediately.

This home is one of several Black Mountain homes with views Greybeard Realty has listed at present. If you want to learn more about the community, check out our Black Mountain information page. Greybeard also has a regularly updated community events page that can give you a sense of what’s happening locally. For more information about this home or any of our listings, please contact Greybeard Realty. This could be a very good time to buy the Black Mountain home you’ve always wanted.

Terrific Views From 207 Hanover Terrace in Montreat

Breathtaking mountain views await the new owners of this charming Montreat home. With six bedrooms and four baths, 207 Hanover Terrace offers a large, clean palette for creating the home of your dreams.

206 Hanover Terrace in MontreatThis three-level home features two stone fireplaces, one with a wood stove insert and the other with a wood-burning fireplace, as well as exterior stonework that gives it a mountain-home feel. The ground level has a kitchenette that could be expanded so that this lower level could be used as separate living quarters. While this home has clean, simple lines that lend itself to a new owner’s creative touches, what really catches everyone’s eyes is the stupendous view from the balconies. Extensive vistas capture the essence of western NC and offer a majestic perspective from Montreat.

If you’re new to Montreat, you might enjoy spending some extended time in one of Greybeard Rentals longterm rentals to get an idea of what it’s like to live here. Also, you might want to take a look at the other Montreat homes for sale now. As our market numbers indicate, now’s the time to make the mountain home purchase you’ve been considering. For more information about this home or any of our other listings, please contact Greybeard Realty. It’s time to get yourself your own picturesque mountain home with a view

The Tale of the Growing Western NC Real Estate Market

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 market.

Buncombe County

For the sixth consecutive year, the number of units sold year-to-date in the county increased. In 2016, the number of units sold in the first half of the year increased 5%, from 1,878 in 2015 to 1,977 this year. At the same time, total sales volume increased a strong 19% to just over $601 million. In contrast, the number of units on the market for the last six years has declined. From a high of 3,527 units for sale six years ago, the current number of units offered countywide is 1,954. This shrinking supply has impacted the average price per home as well with a 13% increase in 2016 year to date. In fact, the average home price now exceeds the $273,844 mark in 2008.

One interesting number that bears watching is the Days on Market (DOM). That number, which has not been below 100 days in the last 8 years and has been as high as 173 days in 2012, is at 75 days, year to date. That number is an indication of the short supply. Interested buyers are finding they have to choose quickly as the short supply means that someone else may put in a better offer if they hesitate.

Black Mountain

Black Mountain real estate market numbers, at first glance, appear to be down slightly. The number of units sold, 106 homes, is down 2% compared to 2015 numbers year to date. The average price also shows a decline of 2% for the same period, while sales volume has declined 4%. As noted, these numbers can be interpreted as a market decline.

A closer look at some additional statistics, however, indicate that these small declines are due in large part to the decline in supply. There just isn’t much on the market right now for people to choose from. The number of homes on the market, 105, is a 15 % decrease from the same time in 2015. And additionally, it’s interesting to note that while that figure of 105 units on the market seems to be adequate, it actually is misleading. At the time these numbers were compiled, 30% or 31 units were actually already under contract. The number of units on the market at mid-year 2016 is just over half of the supply that was available in 2009. This type of tight supply market can impact numbers as buyers are searching for just the right home in an area with a very limited supply.

Conclusion

There’s one other number in this report that has shown a dramatic decline as well, and that’s the day on market (DOM) statistic. The average Black Mountain home now stays on the market only 81 days, compared to 150 days at the same time period last year. In Buncombe County, there’s a similar pattern. DOM year to date 2016 is 75 there, down from 118 last year this time. What that indicates is that buyers have less time to consider their decision. Their dream home may not be there by the time they have looked at other options.

The takeaway for now in both Black Mountain and Buncombe County seems to be that supply continues to tighten. Over time, it is anticipated that prices will continue to increase and DOM will shorten as buyers find fewer homes to choose from.  So again, with the present market conditions, it’s a fabulous time to list your home if you’ve been thinking about doing that. And as a buyer, come prepared to take action when you find the home of your dreams. With this limited supply, homes just aren’t staying on the market for very long before they sell.

At Greybeard Realty, we track market numbers monthly so be sure to check out our real estate statistics webpage to see what the market is doing now. We also have a couple of helpful buyers’ webpages, the ABCs of home buying as well as the Home Buying Process. Please visit the Greybeard webpage to see our residential listings and feel free to contact us to go see anything that catches your eye.

Greybeard Realty Welcomes Realtor Sunday Grant

Greybeard Realty welcomes a new Realtor, Sunday Grant, to the Black Mountain office. While Sunday grew up in Atlanta, she has called Black Mountain her full-time home since 2002. And she fell in love with the area even before that. 

Sunday attended summer camp at Camp Merri-Mac in Black Mountain, and her father still talks about the frequent calls home she would make from camp, begging to extend her stay. After graduating from Atlanta’s The Lovett School, Sunday obtained a communications degree from Appalachian State University. From there, she settled into Black Mountain at State Farm insurance, later opening her own successful portrait and wedding photography business. With her father practicing commercial real estate in Atlanta and her mother in the residential real estate business in Greenville, SC, it was only a matter of time before Sunday ventured into the real estate business herself.

When Sunday is not selling real estate and taking photos, she spends her time doing distance running on the numerous western NC mountain trails or horseback riding. She shares her Black Mountain home with her two children, her husband, Worth, who is a local contractor, and her three dogs. For more information contact Sunday Grant or to find out more about Greybeard Rentals and Realty, please contact Greybeard.

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    GreyBeard's Montreat Parade of Homes Could Lead to Your Independence

    With the holiday weekend approaching, GreyBeard Realty wanted to take time to wish everyone a very Happy Fourth of July. There’s always fantastic events going on for Independence Day, and this year is no different.

    Greybeard's Montreat Parade of HomesCelebrations kick off a few days early with 50th annual Shindig on the Green on July 2. Bring an instrument to play or just bring yourself for this fabulous gathering of music producing and culture enjoying clan at Pack Square Park. Then, Pack Square Park has its annual fireworks display at 9:30 PM on Monday, the culmination of a day’s worth of activities including live music and food. Another option is the huge firework display after the Asheville Tourists’ game on Monday. If you’re interested in this be sure to purchase tickets ahead of time as they tend to sell out. Other 4th of July events include Chimney Rock Family Fun weekend and the annual Independence Day Fireworks hike with the Swannanoa Valley Museum, which requires advanced reservations.

    Of course, GreyBeard welcomes you to our annual Montreat Parade of Homes on Sunday, July 3rd from 2-4 p.m. which features five Montreat homes for sale. To start the tour, simply go to one of the homes listed on the parade sheet, and you can pick up a map to the other homes. We will have representatives at each home to answer any pressing questions you might have. You may be able to make your own declaration of independence if you find your dream Montreat home.

    Breathtaking Views from this Black Mountain Home

    If a private retreat within 10 minutes of downtown Black Mountain sounds appealing, you should take a look at 41 Wedgewood Terrace in Laurel Ridge. Nestled within this beautiful gated community, the newly-constructed, 3-bedroom, 3-bath home offers memorable views and solitude. What more could you want in a home?

    Located on a 1.7 acre wooded lot, 41 Wedgewood Terrace has multiple private decks, some covered, that each provide breathtaking vistas. The large kitchen/dining area open up to a great room with a large stone fireplace. This craftsman-style home, with its cathedral style ceiling, enables homeowners to take advantage of the tremendous amenities at Laurel Ridge, which backs up to more than a thousand acres of unspoiled forest in the Asheville watershed. At the same time, owners also can access Black Mountain and Asheville and all they have to offer with ease.

    For more information on this home or to schedule an appointment to see it, please contact Rosie Johnson at Greybeard Realty. To get an idea of other homes for sale in the area, please check out the Greybeard Realty website or  see Greybeard Realty’s Black Mountain residential listings. For peace, privacy and proximity, you don’t want to miss this Black Mountain home for sale.

    Hipster Asheville Makes Another Top Ten List

    Asheville has again placed on a “favorite list”, this one compiled by Travel + Leisure. Noted for its “earnestly hipster heart”, Asheville lands at #10 on the list. Voters in the random survey pointed to the downtown drum circle and the Carolina barbecue as a couple of local draws. For anyone who lives in this area, we know that Asheville is much more than that.

    For this year’s survey, readers ranked towns with a population of less than 100,000 based on dining, shopping, and other particulars. In addition to the items cited above, Asheville also received high scores for its live music scene as well as its other local food. The locals, that’s those of us year-rounders I suppose, were ranked as “delightfully quirky.” In short, as one survey taker noted, Asheville is “probably one of the most eclectic towns in America.”

    If you haven’t had a chance to experience this wonderful area of western NC, why not choose from Greybeard Rentals current listings and come see what everyone is talking about. And if you have been here and are ready to become one of the quirky members of this eclectic town, check out Greybeard Realty’s western NC residential listings. While Greybeard Realty agrees about the live music, the great food, and the incredible people, we also think you have to try it out yourself to see what everyone else is talking about. Come on up.

    A Look at Black Mountain Land Sales

    Swannanoa land with mountain viewsReports 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 astonishing.

    Preface the following with the information that the number of units sold in the Asheville area (225 year to date) is substantially larger than that of Black Mountain units sold (29 for 2016 year to date). Even with that taken into account, however, the 383% increase in units sold so far in 2016 in Black Mountain is truly remarkable. As with the report for the Asheville area real estate market for the first quarter, which indicated the number of home units on the market was down, the supply for land also seems to be decreasing. With that in mind, it’s worth asking just what is driving the land sales at this time. One theory is that with the shrinking housing market, residential buyers are looking for land to build their own homes. And secondarily, it may be that people who wanted to build were waiting to be sure that the Asheville real estate market was again on a solid foundation.

    Whatever it means, it bears watching over the next few months to see if this report represents a short uptick or a longer trend toward increasing land sales. To get an idea of what’s available in the area, please take a look at Greybeard’s Black Mountain land listings. If you would prefer a move-in-ready home, then glance through Greybeard Realty’s western NC residential listings. And for more information about land or home sales, please feel free to contact Greybeard Realty directly.

    Montreat Post and Beam Home on the Market

    103 Shenandoah, Monreat NCMontreat makes a fabulous place to live and congregate. And that makes Greybeard Realty’s 103 Shenandoah Terrace, unit 1407 listing a fantastic option for anyone with a larger family or with a desire to purchase a vacation rental home.

    This lovely post-and-beam home, constructed in 2002, has solid, newer construction that captures the historic charm of Montreat. The open-concept great room on the main floor has a stone fireplace as its focal point. The master bedroom, located on the main floor as well, has access to the screened porch on the deck. Upstairs, in addition to the four bedrooms and two baths, there’s a loft/sitting area that overlooks the great room. The basement, in addition to a one-car garage, has a full bath as well as an unfinished room for storage or potentially additional living space. Information about this five-bedroom, five-bath home’s vacation rental history is available.

    Montreat, for the uninitiated, is a quiet, comfortable community with wonderful paved paths and access to fabulous hiking trails. If you want to know what’s involved with buying a vacation rental home and check out the Greybeard Realty webpage. And please take a moment to check out our website if you want to see Greybeard Realty’s other vacation homes for sale.

    Asheville Real Estate Market Stats Show Increases

    Western NC home for saleGlancing 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."