Asheville, NC Real Estate News

By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
I got an email from Project Nature Connect's   young Adam Burk this morning. He was talking about mountaintop removal and that reminded me of steep slope development in our area. (see photo)      "The Environmental Protection Agency [EPA] on Tuesday approved a last-minute rule change by the Bush administration that will allow coal companies to bury streams under the rocks leftover from mining." (full article here) he said.  Immediately a red flag went up: " Buyers, sellers, and  real estate professionals here in the Asheville area mountains, this can impact property values.  A long time observer of the effects of ill-considered development on property values-   (I had written a post a couple of years ago that touched on the subject in which I said, ".... lack of due diligence ... create...
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
December, 2008. Today there are at least a million REALTORS® around the USA. How many will make it to 2010?  Here in Asheville, N.C., we are holding strong finding  the support of  NAR's Four-Point Plan to calm a jittery real estate market  (see graphic) gratifying and of special interest.  Although our sustainable-GREEN real estate market is attractive  here in the mountains, we are part of the bigger picture, and so there is concern. Possibly NAR's Plan   can lead to stabilization across the market.    " Time is of the essence,"NAR tells us."This week and next, NAR is mobilizing hundreds of REALTORS® from all over the country to hold face-to-face meeting with elected officials to urge them to support NAR's Four-Point Plan to  calm jittery real estate markets and boost the economy."  Y...
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According to figures released last week by the North Carolina Association of Realtors existing home sales in Asheville NC were down 19% in October and total sales volume was down 8% from the previous year. On the bright side  dollar volume was up 26% from September 2008. If you are able to get financing, now is a good time to start looking. Let me help you with your Asheville NC real estate purchase. Jim Cottam/Keller-Williams Realty/Asheville Real Estate Agent   www.JimCottam.com
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It is, most likely, redundant to make any statement about how the real estate market has taken a downturn, but until our local newspaper, The Asheville Citizen Times, called me today to do some additional research on the sale of new homes sold in 2006, 2007 and 2008 through October, I had not fully absorbed how the new home market had been affected. In Buncombe County, where Asheville is located, in 2006, the number of newly constructed homes that were sold was 916. That amounted to a dollar amount of $301,211,741 or an average of $328,834 per home. At that time the average selling price for all homes sold in Buncombe County was $274,844. There were a total of 4101 homes sold that year. In 2007 there were 712 newly constructed homes sold. The dollar amount of those sales was $279,600,30...
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
Context: The extraordinary real estate market. Question: As the real estate market pendulum swings to and fro, what do we do? Answer: Do a" Nifty Pivot"  with wise choices and creative alternatives.  I've been wondering about trail blazing in an extraordinary real estate market.  More than just wondering, making good choices  has been on my mind a lot lately. Provoked by the economy and a sentiment from a 1031 client-invest who confessed that these are the days when he would prefer no major real estate experiences, I'm looking to expand my horizon of possibility. Like the fellows in this photo I took not long, (see photo) I'm looking for good choices for "trails out of the  woods" while casting about in many directions for worthy alternatives.  Of course, I get my 1031 client's point: D...
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
Another Eco Certified® Real Estate Consultant and I happened on a "find" as we were out previewing properties for a client  here in Asheville, NC  not long ago. Horse farms and organic acreages are wonderful to visit on a mild winter's day. And, this time of year, most of the leaves have nested in the mountain crevices leaving landscapes free for viewing what otherwise might be missed. One of those missed items was our "find"  ... a for sale by owner sign that was almost totally obscured by fallen leaves. The sign read...  "For Sale By Owner 4 BR 5 Bath Luxury Green Home 10+ AC" I could almost hear my eco-savvy "small footprint" proponent and pal exclaim, one eyebrow raised.."Luxury  and Green. Can the two coexist?"   Echoing his sentiments I said to my companion, "It's amazing that lan...
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By Yvonne Beal, Chatham County Real Estate Expert
(Absolute Realty Company LLC)
Nestled in the Blue Ridge Mountains, this community has been designed to maintain harmony with the land and to preserve one of North Carolina's most beautiful natural treasures - the adjacent Pisgah National Forest.  With views which seem to go on forever, enjoying nature becomes the most important part of daily life. They say a picture is worth a thousand words - but at Catawba Falls, only a video will do it justice!  Click here to see just how we've saved the best for last... Conveniently located to Asheville and Black Mountain - Catawba Falls Preserve, a Bluegreen Community - is found in the heart of the Blue Ridge Mountains where the air is cool, the waters are pure, and the welcome is warm! To take a look at the splendor in Catawba Falls Preserve, contact Yvonne Beal, Broker/Realto...
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"Breaking News!" That is what all of the business and financial news cable shows run across their screens about every 20 minutes or so these days. Everything is Breaking News when it comes to the financial markets. If it is not about banks, it is about auto companies, world market woes or what appears to be the foundation for worry....the housing market. There is no doubt that for most of us, the housing market is a different animal than it was a year or two ago. Many of us employed in the real estate industry are wondering, just like the auto company workers, bank workers and stock brokers, if we will even have a job, much less a career, if things keep going as they are currently according to the news screened and passed along to the public. One of the Breaking News stories today, at l...
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By David Pennebaker
(1-800-GOT-JUNK?)
Saturday, we participated in the Asheville Holiday Parade. I am not sure who saw us, but we came right before Santa. Our float was a 9' tall christmas tree built out of recycle bins and decorated with recyclable decorations (pop bottles milk jugs shredded new paper egg crates etc) it was quite a site. While I drove, 20 awesome volunteers from Quality Forward walked along the parade route picking up all of the litter and debris left by previous floats and spectators. All told, the volunteers filled 26 bags of trash which made great looking presents undernieth the recycling tree. This is the third event we have done with the Great People at Quality Forward (River Clean 10,000 lbs of trash hauled from the river, Down Town Litter Patrol 34 bags of garbage picked up, Holiday Parade). Hauling...
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OCTOBER - 2008 It has always been difficult to say exactly what a "healthy" real estate market should look like. Prices and inventory seem to set the theme and "location, location, location" is not always the final judgement of health or desirability. In the Asheville area a "normal" real estate market is estimated to be where the housing inventory of homes for sale should be somewhere around 6 to 7 months supply. Asheville and Buncombe County are holding steady at about 15 months supply, on average. Nothing new.....The news nationally, almost constantly, is about the home prices going down as inventory goes up. In Asheville, we are continuing to see a slow reduction in home prices, as the inventory sits at the top of recent high numbers, although the inventory has begun to reduce due t...
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(A Note: You CANNOT leave a comment on this post, so if you wish to be contacted, please send me an Email message. Thank You) Let's talk about a possible TRADE of our Real Estate Assets. I am the Owner/Broker of a 3 Acre Vacant Lot  in Asheville/Leicester area - I can sell or take a Trade, or Trade Up or Down for Land or Home. Current Value of the land is $138,500 before subdivision.   As a seller or seller client of a listing agent, are you open to creative ways to sell your property? Have you considered owning property in Asheville? What about trading your real estate for my real estate? We adjust for differences in values, up or down or make it an equal trade. Do you need to sell before coming to the Asheville area? Or, do you need to reduce your real estate assets and get cash to bo...
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By Gabe Swinney Asheville New Urbanism
(Gabe Swinney)
       Well, Halloween this year was one for the record books.  First time I ever dressed at the command of a three-year-old, (Ruby insisted I be a pirate) the most trick-or-treaters I have ever had, (we turned out the light after handing out over one thousand pieces of candy!) and it was the scene for the first Hickory Nut Forest M.O.N.S.T.E.R Jam.  If you would like to know what the acronym stands for I will refer you back to other blogs, however I can sum it up by saying that it is all of the good stuff, words like sustainability, eco, and mountain.  We started off preparing for the event by gathering a modest thousand apples or so from the Eco-Communities organic orchard, probably the last major pick of the year.  These delicious little prizes went one after another into the cider p...
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By Gabe Swinney Asheville New Urbanism
(Gabe Swinney)
        Asheville Eco Community Hickory Nut Forest has been getting people together for various events over the past several months. This November the sustainable community is hosting the inaugural trek along the new Hickory Nut Gorge Trail.  Many people from the Asheville area are expected to attend this exciting event.  The hike will be followed a by a pot luck style dinner as well as bonfire.  To me this sounds like a great chance to get out into the woods and explore with good people; and there are few things I like more then sitting around a bonfire and enjoying nature with my friends and family, there is just something about that glow after twilight especially when accompanied by the sound of a creek running by that seems to tie together an otherwise ordinary night and make it a h...
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By Jim Cottam
(Keller-Williams)
Asheville NC Real Estate Report     WNCR October 2008 Market ReportOctober Percentage Changes 2008 vs 2007 Homes Sold                        -24% Avg Days on Market            +28% Avg Selling Price                 -1.2% Median Selling Price            -7.9% Total Sell Price Volume        -25% Data is from the 5 county WNC Regional MLS system and represents total home sales in Buncombe, Madison, Haywood, Henderson and Transylvania counties. 2007 Total Sales     2008 Sales through Oct. 31     Single-Family Homes Sold 7471   Single-Family Homes Sold   4015 Average Days on Market 103   Average Days on Market   122 Average Selling Price $277,636   Average Selling Price   $259,443 Median Selling Price $220,000   Median Selling Price   $213,000 Average List Price $285,723    Average List Pri...
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Asheville, Buncombe County, NC Real Estate Market Statistics - Active and Sold - October 2008 and 2007 Comparisons Our Active Residential Listings have increased 7% from this same time last year.  The Average Asking Price has increased 4.2% and Median Asking Price has increased almost 2%. The real problem we still face is the SOLD numbers are down. This month the SOLD prices are up slightly because several very expensive homes finally closed, which raised the average selling price up. As you can see by the chart below, we have been down significantly on our SOLD numbers and that has been the case all of the last 12 months, yet our inventory has increased. The number Sold in October 2008 is down 20% from last October 2007 and the Average Sold Price is actually up  4%. Also the number of ...
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Vacant Land, Lots, and Acreage - Buncombe County, NC - October 2008 Buncombe County includes the cities or areas  of Asheville, Weaverville, Leicester, Black Mountain, Arden, Skyland, Candler, and Biltmore Forest.     Vacant land sales can be an indicator of the health of the real estate market overall. Buncombe County land sales in 2008 have averaged about 54% of sales in 2007, 322 parcels have been Sold in 2008 with an Average Sold Price of $150,192, a slight increase from September prices.   A breakdown of those sales, year to date, looks like this:   1 acre or under - 151 parcels sold with an Average Sold Price of $88,154. 1 to 2.99 acres - 104 parcels sold with an Average Sold Price of $132,441. 3 to 4.99 acres - 26 parcels sold with an Average Sold Price of $133,240. 5 to 9.99 acr...
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
It's NOT my listing. It's NOT anyone's listing. It is however one of the most amazing green-built homes Asheville and we have ever seen.  (see photo) And I had the opportunity earlier this week to spend an hour with the genius who not only designed, but built it.  Here's how it happened: We were lost on our way to preview a home in Asheville, NCand stopped to ask  directions from a friendly neighbor... . He turned out to be The Man-He who not only discovered a totally awesome, south-facing mountain property, but recognized it as his opportunity to design a contemporary passive solar dream home. He knew right away, he explained, that he would limit the disturbance of native vegetation and maximize the visual connection to nature on the three-and-a-half acre site. ( We love the idea of th...
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OCTOBER 2008 Buncombe County is the home of Asheville, NC. Buncombe County and the surrounding areas of Asheville, Leicester, Black Mountain, Biltmore Forest, and Arden, like the rest of the country, have been experiencing many of the trends that keep the real estate markets unsettled.  There has been a slight change in the market conditions compared to last month, but only slight.  The continuing bad news is that the number of homes over or close to $1 million are not moving and the broad inventory is still hovering around the record high numbers, although there has been a turn to the down side. Until mid-summer the Asheville area has historically been immune from the negative real estate trends that the rest of the country has been experiencing. This is different now. The market "slum...
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
and the highest good for all concerned....                             our wish....from the mountains of Western North Carolina...
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Asheville, Buncombe County, NC Real Estate Market Statistics - Active and Sold - September 2008 and 2007 Comparisons Our Active Residential Listings have increased 19% from this same time last year.  The Average Asking Price has increased 4.6% and Median Asking Price has increased almost 3.5%. The real problem we still face is the SOLD numbers and the SOLD prices are down. As you can see by the chart below, we have been down significantly on our SOLD numbers all of the last 12 months, yet our inventory has increased. The number Sold in September 2008 is down 29% from last September 2007 and the Average Sold Price is down 11%. Also the number of Days on Market is at the highest levels in over 5 years. Residential Properties = Single Family Homes, Condos, Townhouses & Mobiles on Owned Lan...
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