When analyzing the Asheville Real Estate market we choose three different markers in the city of Asheville and Buncombe County: New Listings, Closed Sales, and Median Sales. While there are many others, we think these data points create an overall picture of our market. The third quarter exhibited more of an evening out than we’ve […]
The U.S. had the best economic year in 2014 since the recession in 2008-2009 and 2015 looks even better. With an accelerating economy and job growth here in Asheville and across the nation we have a great feeling about 2015. Data taken from Realtor.com Chief Economist Jonathan Smoke @ Realtor.org. The Asheville Area Chamber of Commerce […]
In 2013, Henderson county saw an average of 6% gains in home value, which is one of the strongest in the area. The strong sales led to a reduction in supply creating a 20% increase in monthly home sales. Overall, 2014 should be good but maybe not as strong as 2013.
Haywood County is suffering from high inventory, which is keeping the buyers market strong. Around 70% of sales are under $200,000 which is reducing the inventory below $200k.
Madison County is seeing some of the most price reductions in our region due to the high amounts of inventory. Buyer activity has increased 16% year over year but that is not enough to bring down inventory in all price points.
May 30, 2013 According to RealtyTrac, Sales of U.S. homes in foreclosure fell in the first quarter. There were 190,121 properties sold that were in the foreclosure process or already seized by lenders, down 18 percent from the last quarter of 2012 and a decrease of 22 percent from the first quarter the […]
Taken from www.ritholtz.com/blog. May 28, 2013 The 10-City and 20-City Composites increased by 10.3% and 10.9% in the year to March with the national composite rising by 10.2% in the last four quarters. • All 20 cities posted positive year-over-year growth. • Charlotte, Los Angeles, Portland, Seattle and Tampa were the five MSAs to […]
From www.kcmblog.com May 22, 2013 The Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. If we assume that rates will still be at 4% in twelve months, here is the difference a buyer will […]