Monday, January 22, 2007

Asheville Real Estate Market 

Are you coming in to the Greater Asheville area or possibly transferred? Coming in or going out, you will find these statistics and the trends they indicate of special interest.

In general, North Carolina continues to see a rise in the amount of homes sold in 2006. Sale prices continue to climb and the average number of days a house is on the market has decreased. All of these indicators show that the real estate market in Western North Carolina is strong." (page 6, Real Estate Weekly -October, 2006)

In the City of Asheville alone, (pop about 75,000) a total of 1450 homes listed by January 1, 2006 closed by December 20th. In the Greater Asheville Area, 2820 homes were sold from Jan. 1 through December 20, 2006.

For those following the ECO-friendly stats in our region, in the period between January 1, 2006 and December 20, 2006, 14 Energy StarĀ® rated homes sold, but wait! --there are 35 currently on the market and there are currently 32 certified NC HealthyBuilt Homes on the market and 378 in progress in the Western North Carolina area.

From 14 "green homes" to 378 in our market- looks like a Trend to me!


Residential Sales Trends/ Existing Homes Asheville, N.C. As of December, 2006, the average sale price for an existing home in the Asheville area is $261,098. The price has increased about 10% percent since this time last year according to Annual Percent Change in OFHEO MSA House Price Indexes through Q3 2006. ..

Home Appreciation ...Annual appreciation rate for homes in the Greater Asheville area is about 12.5 per cent as of the third quarter of 2006. The data reflects same-home sales information collected by the Office of Federal Housing Enterprise Oversight (OFHEO).

The Asheville area appreciation rate tops the nationwide pace of 10 percent and our area's appreciation rate ranks 83 among 275 metros across the USA.

December, 2006 Real Estate Market Stats Buncombe County (Asheville area), North Carolina

Residential Properties on the Market: 2078 Residential Properties Pending: 702Priced Over $1M: 117Priced Under $50K : 7Farms & Land on the Market in Combined Buncombe, Madison, Yancey Counties : 2107
Asheville, North Carolina Buncombe County
Pending: 242Priced Over $1M: 161Priced Under $50K : 2989
Our market is moving toward:
Lower operating costs- Lower utility bills for heating and cooling
Increased comfort- Improved indoor air quality
Creating lasting value- Third party review
Building with health in mind- Lowered Environmental Impact
NC Healthy Built Homes: DUE in 2007: 378



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