Asheville, NC Real Estate News

By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
Here is the third post in a series that looks at sustainability and the city of tomorrow. A number of developers have contacted me through Active Rain. They are thinking about the future-the value of an eco-community, the way this comes together.  They are asking about what this means in terms of energy and resource efficiency.    Energy and Resource Efficiency  Recently, we  visited  a new green-built home that represents the spirit of energy and resource efficiency. This home, on a city lot subdivided in the early 1900's, is part of a sustainable community here in Asheville, NC.  Mature trees line the  street in the neighborhood providing  much appreciated shade. Neighbors walk to the market where locally-grown food is selected and toted home. Resource Efficiency: As you approach this...
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
I could write a long, long essay on development impact. According to Wikipedia, low impact development, which is of particular interest to our eco-friendly clients, involves a land planning and engineering design approach to managing stormwater runoff. LID emphasizes conservation and use of on-site natural features to protect water quality. This approach implements engineered small-scale hydrologic controls to replicate the pre-development hydrologic regime of watersheds through infiltrating, filtering, storing, evaporating, and detaining runoff close to its source.[1] And that would leave out another long, long essay on "lean construction"...but, hold the phone...this post is part of a series on eco- communities and green-built homes, so today I will focus on just one home (see photo )...
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  Buncombe County, NC Real Estate Market Statistics - Active and Sold - May 2007 and 2008 Our Active Residential Listings have increased 27% from this same time last year.  The Average Asking Price has increased 8% and Median Asking Price has increased almost 8.5%. The real problem we 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 numbers all of the last 12 months. The number Sold in May 2008 is down 30% from last May 2007 and the Average Sold Price is down 10%. Also the Days on Market are at their highest levels in over 5 years.   Post your listings and market reports at the Group: http://activerain.com/groups/CityStateListingsReports  
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
I'm excited about Green-built Cluster Subdivisions. (SEE STATS on Asheville area communities below.)  I am attracted to the idea of siting WNC HealthyBuilt® Homes on smaller parcels of land, and setting aside additional LAND that could have been allocated to individual lots to common shared open space for eco-friendly residents. I know our eco-developer clients are, too. So, when I saw Randall Arendt's book,  Conservation Design for Subdivisions, A Practical Guide to Creating Open Space Networks.  I just had to pick it up. Randall Arendt has me fascinated. REALTORS® --if your clients really appreciate simple explanations of how subdivisions around open space and how cluster housing can work to everyone's advantage-- grab this book!  In today's GREEN market you and your clients will ben...
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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, has been experiencing many changes in the real estate market, some good and some, not so good. This is going to sound like a broken record or a repeat of the same report last month. It is, because it is basically the same story, except some of the numbers have changed. The Asheville area was once believed to be immune from the negative real estate trends that the rest of the country was experiencing.   Perhaps that would be true if the rest of the country hadn't suffered such deep slow-downs and upset markets.   The Asheville area has continued to see a dramatic slow-down of Sold homes, and returning inc...
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By Rich Cooke, Western North Carolina Real Estate
(Beverly-Hanks & Associates)
Asheville is a shining example of the natural beauty that Western North Carolina real estate has to offer.  Its combination of beauty, community pride and friendliness are what have put it on the top of many "Best" lists around the country.  Asheville real estate has been named one of the "top art destinations", a "New Age Mecca", one of the "most alive places to be" and the "happiest place for women", just to name a few.  With over 30 fine art, mountain crafts and folk art galleries in the city as well as several performing arts centers and theaters, it is easy to see why Asheville is a mecca for art and cultural enthusiasts.  People also flock here to enjoy the miles of hiking, fishing, hunting, hot air ballooning and bicycling around God's green earth.  Asheville is also home to the ...
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There are many sources where we can seek real estate market data and statistics. Some say the media can only survive on the "bad news" they put forth and that they skew the statistics in favor of the stories they think will perk up the ears of the listeners or readers. As we all know, there is plenty of economic news we hear every day that is negative and it all seems to be connected to the results of the housing market going south. No pun intended, but North Carolina is in the South and we do not have all bad news. One source that is not partial to negative or positive news, but reports only the facts is The Office of Federal Housing Enterprise Oversight (OFHEO). According to this agency it seems that Asheville, NC is ranked number 13 (hopefully that number will not jinx us) in the nat...
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By ActiveRain City and State Listing Group
In order to truly know your local real estate market, you must know the makeup of all that makes your market appealing or is negatively affecting it. Statistics and numbers are not all that appealing to many real estate folks, but in order to keep pace with the current trends, and in order to help your buyers and sellers understand the current condition of the market, you must do some research of what is taking place. AR is "supposed" (by design of the AR gods) to be a web site "primarily" designed for real estate related subjects, yet I see many posts and comments saying that some members don't want to see Market Reports or Market Condition posts. WHY? Keep in mind that if we are to reach customers, potential customers and agents willing or needing to refer business to your area, you m...
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By ActiveRain City and State Listing Group
It appears that the slow down in housing sales are crossing over to land sales in the Asheville and surrounding counties. Also, as expected for this time of year, we are seeing an increase in inventory exceeding the number of units sold. We are at record high levels of inventory for homes and vacant land lots and acreage on the market. In our region (most of Western NC) there are currently 9,583 farms and vacant land parcels for sale. In the last year there were 2,094 units sold. At that rate there is a 4.58 year supply of units available. In Buncombe County there are 2,297 farms and vacant land parcels for sale. In the last year there were 603 units sold. That converts to a 3.81 year supply on units available. None of these figures include the many new subdivisions that are coming on t...
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
 Green-Dreaming? I was reading a newsletter from one of our city commissioners here in Asheville today. She seems to be "dreaming green" and her fans say she is a "light in the community" ... From what I know, she challenges Asheville's citizens to apply some creative "human energy"  to look at the city's trajectory. She suggests that we work together to build positive futures. Depending on a variety of lifestyles and choices, solutions to how a city thrives may differ.  (Photo of eco consultant and his dog taken at eco community, Hickory Nut Forest near Asheville. )   So, from the perspective of real estate professionals and our clients, tonight I am wondering (like the fellow in the photo here who's imagining how the future conservation neighborhood he's exploring will unfold) how th...
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By Glenn Haden
(Real Living Connect)
Despite the news from the rest of the nation, Real Living Connect has news that Asheville real estate is performing better than you might think!  In Buncombe County 2008 1st quarter market activity is down an average of 26% from the same period last year, but the good news is that most of the other indicators prove that much of Asheville's real estate market is still healthy.  According to the WNC Regional MLS, in the first quarter of 2008 homes sold for an average of 96% of list price, which is consistent with area averages over the past decade.  This is an important indicator in that we have not seen the fire sale price free fall that some markets are experiencing, with sales occurring only when buyers make low ball offers and sellers accept values far below market.  In addition to th...
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If you are fairly new to being a Realtor® or even if you have been around a while, one sure way to learn about the quality and skills of your fellow Realtors® is to sell some of your own property and be present during the showings. This story will tell you the case in point. Since most Realtors® are more comfortable showing homes located in subdivisions or closer to the cities in their areas, listings with homes on acreage or vacant land listings often present special skills that are not practiced everyday. Those skills may require an understanding of environmental concerns, well and septic needs and governmental regulations, knowing how to really read a survey, and being aware that the countryside has many more free thinkers and folks very likely to have their own ideas about zoning an...
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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, has been experiencing many changes in the real estate market, some good and some, not so good. The Asheville area was once believed to be immune from the negative real estate trends that the rest of the country was experiencing.    Perhaps that would be true if the rest of the country hadn't suffered such deep slow-downs and upset markets.   The Asheville area has continued to see a dramatic slow-down of Sold homes, and returning increase in inventory, and a noticeable drop in "pending" listings. The two numbers that seem to tell the continuing story of the Asheville market appear to be the small percen...
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
As I threaded my way over the rocky path to one of the many waterfalls at the eco development our Firm is representing, I wondered... how did these amazing folks (see the developers in photo I took to your left)  come up with a sustainable design?  How can one create a conservation development in such a way that genuinely honors the land and protects the environment? Always curious, I set out on a Q&A session by the waterfall. I wanted to know about the whole process involved in creating a sustainable design. Q. "How did you make this happen?" A. "We simply used the thoughtful stewardship principles that reflect our vision, and we used them in the planning of this entire eco-community!" Q. "What are the steps in that process?"  A. "Before any plans were made, we got together with a tea...
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Buncombe County, NC Real Estate Market Statistics - April 2007 and 2008Our Active Residential Listings have increased 30% from this same time last year. The Average Asking Price has increased 7% and Median Asking Price has increased almost 6%.The real problem we face is the Sold numbers and the Sold prices are down. As you can see by the chart below, we have been down on our numbers all of the last 12 months.The number sold in April 2008 is down 6% and the Average Sold Price is down 2%. Also the Days on Market are at their highest levels in over 5 years.Post your listings and market reports at the Group: http://activerain.com/groups/CityStateListingsReports
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
                                                                                                         You may have guessed by now that  besides being a REALTOR® here in Asheville, NC, . . .I'm also an old schoolteacher. So when I got this request to help out a neighborhood elementary school, (see graphic to the left) it set me off on a journey to find out more about living roofs or green roofs  and what I/we as REALTORS ®and you might do to help out. . .. First....a definition: According to Living Roof Systems, a  living roof building is above ground, "with increased opportunity for omni-directional natural daylighting, ventilation, views, and access. "  Now on to 5 important points about the green or living roof system:  "It affords none of the, primarily psychological perceptions o...
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By ActiveRain City and State Listing Group
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. Land sales in 2008 have slowed to about 50% of sales in 2007, 135 parcels have been Sold in 2008 with an Average Sold Price of $185,245, an increase from March prices.A breakdown of those sales, year to date, looks like this:1 acre or under - 60 parcels sold with an Average Sold Price of $103,356.1 to 2.99 acres - 41 parcels sold with an Average Sold Price of $166,774.3 to 4.99 acres - 13 parcels sold with an Average Sold Price of $134,750.5 to 9.99 acres - 5 parcels sold with an Average Sold Price of $370,000..10 to 20 acres - 6 parcels were sold with an Ave...
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With all the news about foreclosures, difficult loan situations and home prices going down in the major cities in large states around the country, a citizen in the popular Asheville area must want to know, how does all that is happening around the country affect us locally? After all, all real estate markets are local. Even though the number of homes sold in Buncombe County has decreased dramatically over the last 2 years, the average asking/list price for homes here has risen to record highs.In 2005, there were 3,892 homes sold in Buncombe County. 2006 sales increased to 4,101, but the number of homes sold in 2007 dropped to 3,427. So far, in 2008, there have been only 830 homes sold, putting us on schedule for at, or around 3,000 sales for the year, if we continue at the current pace....
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By Gabe Swinney Asheville New Urbanism
(Gabe Swinney)
 Asheville traditional neighborhood developments are a growing force in the Asheville real estate market.  No surprise there, with so many people moving to the mountains of North Carolina from out of state, developers are taking advantage of every opportunity to receive them.  A substantially large portion of the new arrivals are people moving up from Florida.  The Florida market was more or less the hometown for the concept of New Urbanism, largely put forward by Seaside and than followed by such communities as Rosemary Beach and Celebration.  What are some of the things these traditional neighborhood developments have in common?  Well for one the share a history of massive rates of appreciation, and secondly they share national recognition as groundbreaking concepts, resort communitie...
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
RIPARIAN AREAS in An  Eco-community--a real eye-opener! This week I've been reading the Forestry Report RIFF on a Forestry Report-SOILS : Asheville Eco-Community (series) as part of the research we do before listing an Asheville area eco-development. It's been quite an eye-opener.  For me, it reiterated how important it is for real estate professionals to know more about environmentally-sensitive properties. Today, I'm giving serious thought to environmental factors in terms of riparian areas. I understand that we will  need to be able to point out where the riparian areas areif any building sites are in a flood plainhow close to these areas builders can construct homes Here is a photo of a waterfall on the adjacent conservation land.Having spent hours walking the land with the percepti...
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