Blog :: 2017

Buy Your Own Western NC Log Cabin

If you take a glance at the photos of this wonderful log home at 87 Spring Branch Rd. in the Gateway Mountain community, you’ll see the elements that make it a quintessential mountain getaway. From the stone fireplace to the wooden beams to the year-round mountain views, this 3-bedroom, 4-bath home checks all of the boxes for buyers searching for that ultimate mountain house. Add in the lovely gated community it’s nestled in, and there’s really no need to look any further.

On approach of the property, you’ll see the log cabin structure, along with the wrap around deck. Upon entering the home, you will encounter the large log beams and the vaulted ceiling of the great room. The main floor includes the master bedroom w en suite bath as well as the kitchen/dining area that opens out into the screened porch. In addition to a large loft area with plenty of reading space, the upper floor has two bedrooms with a bath. On the lower level, there’s a family/rec room as well as two bonus rooms and a bath.  The finely crafted home is energy efficient with insulation between the half-log construction.

Situated on 8.9 acres, this mountain house has plenty going on outside as well with a fire pit, a basketball/bocce ball area as well as a nearby creek. The Gateway Mountain community features a waterfall, canoeing and fishing, as well as numerous well-marked hikes. If you’re interested in utilizing the property as a vacation rental, be sure to read over Greybeard Rentals rental management webpage to get an idea of what services Greybeard Rentals provides. Gateway Mountain community makes a great living and rental location with its extensive amenities, its privacy, and yet its proximity to Black Mountain and Asheville.

Constructed in 2004, this lovely home has been meticulously cared for and is move-in ready. If you’re interested in more information about this home or any of Greybeard Realty’s other log homes for sale, please contact Greybeard.

Find Your Dream Home on Greybeard Realty's New Website

Greybeard Realty proudly announces the arrival of its fresh, new website. With updated photos and a streamlined look, we think you’ll find it even easier to find the western NC home of your dreams.

In addition to a new video header, the new site offers additional photos and videos that stream while users browse. The images provide more info about the area, including scenery and activities of interest. At the same time, the site continues to be responsive to adjust to any device and has on-time filters, enabling users to pare down home choices according to their interests. Greybeard hopes you’ll find the website even more user-friendly than before, and our Realtors are standing by to provide individualized assistance when requested. Be sure to keep checking out the webpages some of our individual Realtors have put together, which will soon be accessible from the Greybeard Realtors’ webpage.

While there’s a new look to the page, the same up-to-date features remain. For example, take a look at the latest Greybeard blog posts, look for fun outings on the Greybeard’s event calendar page, and check out real estate sales numbers on the current market trends page. Greybeard remains committed to providing each person with individualized care. Tryout the new website and let us know what you think. We look forward to hearing from you

Peaceful Views From Old Fort's Havencrest

If long-range mountain views and top-of-the-line finishes lead your wish list for a new Asheville area mountain home, you’ll want to see Havencrest in Old Fort. Located just 20 minutes from downtown Black Mountain, this 5-bedroom post-and-beam home provides breathtaking vistas and meticulous interior finishes. Just imagine waking up to this view on a daily basis.

Constructed in 1991, this lovely home sits on just over four acres in Gateway Mountain, a gated community approximately 30 minutes from Asheville. Complete with a gourmet kitchen and two master suites, this home features a floor-to-ceiling stone fireplace as well as large guest quarters. While the interior of the home is stunning, it is almost eclipsed by the exterior panorama accessed from the wrap around deck. With long-range views of Lake Lure, it provides a setting of peace and tranquility. And while the home provides easy driving access to Black Mountain, Asheville and Lake Lure, it is nestled in Gateway Mountain, a 3,000 acre wooded forest with waterfalls, wildlife, and lakes.

While this home would make an excellent year-round home, it also could serve as a vacation home and has a rental history available. If you’re considering buying an Asheville area rental home, be sure to check out Greybeard Realty’s management webpage that outlines the philosophy and approach that Greybeard takes with its clients. If this home or any of Greybeard Realty’s listings catch your eye, contact Greybeard and schedule a time to come check it out. It’s a fantastic time to purchase a home; you can be a western NC resident before summertime! 

Steady Growth for Asheville Real Estate Market

As Greybeard Realty gears up for another year of sales and rentals, it’s worth a look back to see how the Asheville area real estate market fared in 2016. The annual numbers for both Buncombe County and Black Mountain are in, and the steady, positive growth seems encouraging for the year to come.
 
Buncombe County
County-wide numbers for 2016 indicate steady, solid growth throughout the year. The number of units sold in 2016, 4230 homes, is an increase of 5% over 2015 statistics. Meanwhile, total sales volume increased 16% to $1.3 billion in 2016. As those numbers suggest, the average price per home also increased in 2016, up 10% to $311,576.
 
These numbers represent new highs for Buncombe County across the board, surpassing statistics available since 2009. Another important indicator for the strength of the current real estate sales market is the increase in sales price/list price that stood at 98% for 2016, up one percent from 2015’s annual numbers. To understand what’s behind all of these numbers, it’s important to consider the days on market (DOM) and number of units on the market during the last year. DOM is down to 70 days, a drastic reduction from the 175 days in 2012. The number of units on the market for 2016 stands at 1482 at year’s end, again a sharp decrease from the 2,692 units in 2010, the peak year for the last 8 years. And to further analyze that number, at year’s end, 372 or 25% of those 1,482 units were under contracts that had not yet closed. As has been observed the last three years, supply continues to tighten across the county.
 
Black Mountain
Black Mountain homes sales figures closely parallel those of the county. The number of units sold in 2016 increased 8% from 2015, growing from 212 homes to 229. At the same time, total sales volume increased 11%, to $61 million in 2016, up from $55 million in 2015. That increase in sales volume is even more dramatic when you look back over the last few years. In 2010, total sales volume across Black Mountain totaled only $21 million. And again, like the county numbers, it is not surprising to see the average price per home increase, though that rise was a bit lower than county-wide numbers. The average price per home in Black Mountain increased 3%, from $262,548 in 2015 to $269, 878 in 2016.
 
And similar to county numbers, the DOM has decreased from a market high of 198 days in 2012 to 85 days in 2016. The sales price/list price ratio has stayed at 97%, the same number for 2015. In addition, the number of units on the market has decreased at year’s end to 85, down from 95 in 2015 and down from 174 in 2010, the peak for the last 8 years. And again if that number is parsed a bit more, of the 85 units on the market at year end, 14 homes or 16% were under contract though not yet closed which means that the market has an even shorter supply than the simple numbers would indicate.
 
Conclusion
So what kind of conclusions can be drawn from these year-end real estate statistics? Well, first of all, buyers should be prepared to pay close to list price. Buyers also should expect to face some competition as they search for homes. With only 70 DOM countywide and 85 DOM in Black Mountain, houses are not sitting on the market for long. Buyers can still get value as home prices have not skyrocketed, and they need to be prepared to purchase when they start the search.
Perhaps a simpler way to put this is that, right now, it’s a sellers’ market. If a homeowner in western NC has been considering putting a home on the market, this would be the time. Interest rates are still low, prices are at a solid sales price/list price percentage, and supply is very low.
 
To track the market numbers, please go to the Greybeard Realty website  and check out the market statistics webpage. And feel free to contact any of our Greybeard Realtors to list a home or buy the perfect mountain cottage.

Resolve to be an Asheville Area Vacation Home Owner

If Santa didn’t come through on the Asheville vacation home of your dreams, it isn’t too late to make that your New Year’s resolution. Isn’t it time to have your own home up in the most beautiful mountains in the world? Buy your own log cabin vacation home.

Greybeard Realty has some lovely western NC vacation homes for sale, and it’s a great time of year to come up and check them out. Greybeard Rentals #1 request for vacation rentals is a traditional log cabin, and there are a number of log cabins currently listed on our Asheville area vacation homes for sale webpage. As an example, take a look at 1506 McKenzie Way South in Old Fort. This cozy 2-bedroom, 2-bath log cabin features a spacious loft area, and its location within the gated community of Gateway Mountain provides access to hiking trails, waterfalls and a fishing pond.

If you begin your search now, you could be fishing in that pond by springtime and have a home that can be used for rentals this summer as well. Be sure to look at Greybeard’s Buyers Link for tips on how to choose a great Asheville area vacation home. To begin your search, consider staying in a Greybeard Rentals home for a long weekend. Not only will that let you get familiar with the local area, but you can also experience the top management quality as a guest and understand why our renters consistently rate us at the top after their rental experience.  Greybeard is here to help make your New Year’s Resolution a reality.