realsearch: Asheville Real Estate Trends: Buncombe 2014 2nd Quarter Housing Trends - 07/17/14 09:51 AM
Asheville North Carolina is a magnet for creative and interesting people. The film industry has just named Asheville as a top city for the movie industry to thrive. We are number 1 or 2 in the top beer cities. Our unemployment is down to about 5%.
However, housing in Asheville is not inexpensive. The only other area of the state where real estate is more expensive is the Outer Banks.
Our inventory is at 8 - 9 year lows. Our Asking Price is creeping up. Sales have been strong all through 2013 but 2014 has lagged behind 2013 slightly.
2014 has, … (8 comments)

realsearch: Asheville Real Estate Trends - Buncombe County, NC - March 2013 - 04/29/14 08:21 AM
Don Davies Real Estate
REALSEARCH - Asheville Real Estate Trends     Welcome to Asheville Real Estate Trends and REALSEARCH, a web blod designed for consumers, clients, Brokers, market researchers, developers, and other interested folks that wish to be informed about the current Residential Real Estate market conditions and trends in the Asheville and Buncombe County area.
Buyers/Sellers - Your Referral Resource Matchmaker Services:
I do NOT compete with local Brokers for Buyer or Seller listings, therefore, Buyers and Sellers that may be seeking advice on which agent/Broker would be the best selection for you, considering your situation, wants, and needs, I am a resource for helping … (1 comments)

realsearch: Asheville Real Estate Trends: FEB 2014 over FEB 2013 - 03/11/14 10:41 AM
Just like a large segment of the country in 2013 the Asheville real estate market showed signs of stabilization.

2013 returned to a more "normal" market for Asheville real estate. 2014 has started off slower than 2013, but may argue the colder than normal weather may be the cause, but my guess is, we will have a steady but not above average year as far as sales goes.

Asheville remains an extremely popular area and as a result buyers come from all over the country (and world) to have a home here and as a result our housing prices are … (1 comments)

realsearch: Asheville Real Estate Newsletter - Trends - Buncombe County, NC 2013 4th Quarter - 02/14/14 06:00 AM
Asheville North Carolina is a magnet for creative and interesting people. The film industry has just named Asheville as a top city for the movie industry to thrive. We are number 1 or 2 in the top beer cities. Our unemployment is down to about 5%.
However, housing in Asheville is not inexpensive. The only other arrea of the state where real estate is more expensive is the Outer Banks.
Our inventory is at 8 - 9 year lows. Our Asking Price is creeping up. Sales have been strong all through 2013.
2014 has, like most of the eastern half, had … (2 comments)

realsearch: Asheville Real Estate Trends: Buncombe County, NC - 2013 - 4th Quarter Housing Trends - 02/07/14 10:06 AM
Asheville North Carolina is a magnet for creative and interesting people. The film industry has just named Asheville as a top city for the movie industry to thrive. We are number 1 or 2 in the top beer cities. Our unemployment is down to about 5%.
However, housing in Asheville is not inexpensive. The only other arrea of the state where real estate is more expensive is the Outer Banks.
Our inventory is at 8 - 9 year lows. Our Asking Price is creeping up. Sales have been strong all through 2013.
2014 has, like most of the eastern half, had … (2 comments)

realsearch: Buyers Analysis for Better Service Questionnaire - 01/30/14 11:11 AM
I have used this form for many years because I have found that buyers appreciate the fact that it gives them the impression that I am organized and care about knowing their wishes, hopes and needs.
Too many times I see agents go unarmed out the door to be on their merry way without hardly any facts and nothing more than wishful thinking. Not the best way to make a career out of selling real estate.
Asking questions and fact finding seems to be a difficult process for some and ultimately by not asking good questions it gives some clients an … (1 comments)

realsearch: Asheville Real Estate Trends: Buncombe County, NC - Residential Sales Comparison - December 2013 vs December 2012 - 01/30/14 08:15 AM
Buncombe County Residential Sales Year over Year by Month Comparison
Single family homes includes, homes, condos, town homes, as well as manufactured homes on owned land.
December 2013 sales were equal to December 2012 basically, which allowed for 2013 overall sales to be the highest in many years. The Days on Market before selling decreased, which is positive, but the selling price was headed in a downward trend while the average asking price increased.
One area showing improvement was the Month End Inventory. The inventory reduction will be critical to stabalizing 2014 because at 1748, that suggests we have approximately 12 months of … (1 comments)

realsearch: Property Comparison Factsheet for Buyers - 01/22/14 08:57 AM
It is difficult for some buyers to make a pivital decision when looking a the variety of homes they see in a short period of time.
One method I have used to simplify the process of elimination, and thus presents the clear choice, is to give the buyer the responsibility of comparing the features each house offers for the price.
This simple form has helped many buyers make a clear comparison in writing and helps them to recall the features that attracts them most. It also gives them a job while on the showing tour!
 

 
 


Copyright by … (1 comments)

realsearch: Asheville, Buncombe County, NC Real Estate Trends: Vacant Land Sales - February 2013 - 03/23/13 08:56 AM
  Vacant Land, Lots, and Acreage Sales Buncombe County, NC - FEBRUARY 2013
Buncombe County includes the cities or areas of Asheville, Leicester, Weaverville, Black Mountain, Arden, Skyland, Candler, and Biltmore Forest.

2011 and 2012 land sales were mediocre, at best, and it is a signal that the developers, investors and builders are still not yet ready to commit their resources into land until the economy clears out more of the existing home inventories. Low housing inventories are now occuring and will allow for an increased interest and demand for raw land.
If land is NOT selling, then new homes, condos … (1 comments)

realsearch: Asheville Real Estate Trends: Buncombe County, NC - Days on Market/Sales - May 2012 - 07/02/12 07:50 AM
There is a relationship or a story told by looking at the number of Residential Sales and the Days on Market (DOM) before selling. In a "healthy" real estate market, the DOM, in our area, would normally be between 80 and 120 days. If the DOM are increasing, as has been the case here lately, it indicates less demand and can result in a general or collective move to reduce prices.
If the number of home sales in a month are also reduced, then it is almost a given that prices must be reduced in order to regain the interest of … (1 comments)

realsearch: Asheville Real Estate Trends: Buncombe County, NC - Homes in Inventory (Active Listings) April 2012 - 6 Month Trend - 05/22/12 02:55 PM
Economists and real estate analysts agree, for the most part that the "health" of a local real estate market can be best judged by the amount of inventory that is available for consumption in a certain period of time. Usually, in a "healthy market", a 6 or 7 month supply of inventory or homes available for purchase is that magic number.
Last year, 2011, there were 2299 homes sold in the Asheville/Buncombe County market. As the chart indicates below, at the end of April, there were just under 2494 homes sitting in inventory.
That would indicate that we have about 1 … (1 comments)

realsearch: Asheville Real Estate Trends: Buncombe County, NC - Days on Market/Sales - January 2012 - 02/24/12 02:09 PM
There is a relationship or a story told by looking at the number of Residential Sales and the Days on Market (DOM) before selling. In a "healthy" real estate market, the DOM, in our area, would normally be between 80 and 120 days. If the DOM are increasing, as has been the case here lately, it indicates less demand and can result in a general or collective move to reduce prices.
If the number of home sales in a month are also reduced, then it is almost a given that prices must be reduced in order to regain the interest of … (0 comments)

realsearch: Asheville Real Estate Trends: Buncombe County, NC - Residential Sales Comparison - 01/16/12 05:03 PM
Buncombe County Residential Sales Year over Year by Month Comparison 

Single family homes includes, homes, condos, town homes, as well as manufactured homes on owned land.
Sales were about even, which is a good thing because that number was necessary to barely exceed the total number of sales in 2010 overall. The Days on Market before selling improved, but the selling price was headed in a downward trend.
2 things are showing improvement: the Average List Price and the Month End Inventory. The inventory reduction will be critical to stabalizing 2012 because even at 2385, that suggests we have more … (0 comments)

realsearch: Asheville Real Estate Trends: Buncombe County, NC - Days on Market/Sales - December 2011 - 01/16/12 04:07 PM
There is a relationship or a story told by looking at the number of Residential Sales and the Days on Market (DOM) before selling.
In a "healthy" real estate market, the DOM, in our area, would normally be between 80 and 120 days. If the DOM are increasing, as has been the case here lately, it indicates less demand and can result in a general or collective move to reduce prices.
If the number of home sales in a month are also reduced, then it is almost a given that prices must be reduced in order to regain the interest of … (0 comments)

realsearch: Asheville Real Estate Trends: Buncombe County, NC - Homes in Inventory (Active Listings) December 2011 - 6 Month Trend - 01/12/12 10:52 AM
Economists and real estate analysts agree, for the most part that the "health" of a local real estate market can be best judged by the amount of inventory that is available for consumption in a certain period of time. Usually, in a "healthy market", a 6 or 7 month supply of inventory or homes available for purchase is that magic number.
Last year, 2010, there were 2208 homes sold in the Asheville/Buncombe County market. As the chart indicates below, at the end of December, there were just under 2400 homes sitting in inventory.
That would indicate that we have about 1 year … (0 comments)

realsearch: Asheville Real Estate Trends: Sales Year Over Year 2011 vs 2010 - November 2011 - 12/26/11 04:16 PM
Asheville and Buncombe County Trends The chart below shows a visual look at the number of Residential units SOLD in Buncombe County in the last 12 months and takes a look back at those sales numbers to the same period one year ago, month by month.
Residential units for this report include Single Family units, Condos, Townhomes, and Mobile homes on owned land.
 
 
As you can see, the sales in Buncombe County had an increase in the last 5 consecutive months out of the last 12 compared to the number of sales exactly one year ago.
 
July showed some strength … (1 comments)

realsearch: Asheville Real Estate Trends: Buncombe County, NC - Homes in Inventory (Active Listings) September 2011 - 6 Month Trend - 10/07/11 04:13 PM
Economists and real estate analysts agree, for the most part that the "health" of a local real estate market can be best judged by the amount of inventory that is available for consumption in a certain period of time. Usually, in a "healthy market", a 6 or 7 month supply of inventory or homes available for purchase is that magic number.
Last year, 2010, there were 2208 homes sold in the Asheville/Buncombe County market. As the chart indicates below, at the end of September, there were a under 3000 homes sitting in inventory.
That would indicate that we have about 1 year and … (0 comments)

realsearch: Asheville Real Estate Trends, Buncombe County, NC: Vacant Land Sales - August 2011 - 09/11/11 12:30 PM
Vacant Land, Lots, and Acreage Sales Buncombe County, NC - August 2011
Buncombe County includes the cities or areas of Asheville, Leicester, Weaverville, Black Mountain, Arden, Skyland, Candler, and Biltmore Forest.

2011 land sales have been mediocre, at best, and it could be a signal that the developers, investors and builders are still not yet ready to commit their resources into land until the economy clears out more of the existing home inventories.
If land is NOT selling, then new homes are not soon to hit the market. Land sales have stalled here in Buncombe County, and as a result … (0 comments)

realsearch: Asheville Real Estate Trends: Buncombe County, NC - Median Asking and Median Sales Price Comparison - August 2011 - 09/10/11 11:53 AM
Asheville/Buncombe County Median List and Sold Prices- August 2011 Median means, for these purposes, the same number above and below the "center". Using the Median Listed/Asking Price of the sold listings and the Median Sales Price of those listings which have sold gives a slightly better picture of the market conditions and differs from using the "Average".
The chart indicates the Median Asking Price of the listings that sold and the Median Sales Price of those same listings. The closer together the two numbers, the better the market conditions. The wider the space between the chart lines the more it favors the … (1 comments)

realsearch: Asheville Real Estate Trends: Buncombe County, NC - Sales vs Listings - August 2011 - 09/09/11 11:47 AM
It is not truly a versus (vs) situation to compare Active Listings (current inventory) to Monthly Sales of residential properties, but there is a correlation to the facts. If the number of units sold is not diminishing or reducing the inventory at a rate faster than new units are being placed on the market, then the end results is a saturation of active listings and ultimately, that brings about the need to reduce prices.
As the chart indicates below, the Sales line rose above the Active Listings line, as the number of active listings had been on a steady, yet slow, decline … (0 comments)