Asheville, NC Real Estate News

Buncombe County, NC Real Estate Market Statistics - January 2007 and 2008 Active ResidentialListingsAverageAsking PriceMedianAsking PriceNumberSOLDAverageSOLDPriceMedianSOLDPrice       Jan 20072228$409,796$289,900248$285,950$220,000Jan 20082915$450,745$309,900177$286,601$219,000As you can see, the number of homes in the inventory has risen once again, but so have the Average and Median asking prices. One reason for that is that we now have more homes on the market at or over $1 million. The one concern is the number of homes sold in January 2008 versus January 2007. Inventory up, sales down indicates our market has slowed along with the rest of the nation.The January 2008 sales of 177 homes is the lowest since February 2004.  Post you listings and market reports at the Group: http://act...
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By Gabe Swinney Asheville New Urbanism
(Gabe Swinney)
      A Day in the Life of:  Asheville Green Building and Real Estate This is just a brief peek into today and my adventures in Asheville's green building and real estate market.  Although today should be pretty busy it is more or less a typical day and a good indicator of several parts of the green real estate brokerage process.First thing is first.  That means getting up early and heading to the local Black Mountain coffee shop, The Dripolator, to touch base with various clients and write something on ActiveRain about what I am going to do today.  Great part of the day, sitting at the window watching the sleepy mountain town spring to life while I sip my green-tea.Next thing is next.  In a few minute I will "head up the hill" to a small development that I think of as one of the best k...
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By Gabe Swinney Asheville New Urbanism
(Gabe Swinney)
     Buying Asheville Green Real EstateSomething you hear a lot around our office when considering Asheville green real estate is the question, "what is important to you?".  This is really a doozie of a query because of the nature of sustainable building.  Some people are drawn to Asheville because they have a conservation mindset and want to belong to a community that tries to uphold these values.  There are those that want to buy green because they know that it is an intelligent investment, the look at how green homes appreciate and sell and that is all they need to know.  Some also seek the recognition that comes with owning a high performance home, similar to the mentality of buying a luxury automobile.   Regardless of what stirs you to buy or build green, once the sustainable choic...
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
 "Can a "bigger than life" luxury home still be eco-savvy? " you ask. Good Question! And you may already know (or think you know) the answer. Size and function matter when you are talking about environmental impact. In fact,  size can be quite a lively, if not controversial subject among the eco-savvy tribes. But as you consider the relationship between size, and "green" remember that  "luxury" real estate may come in many shapes and sizes. There are small footprints with three-stories rising in the trees, there are larger footprints set neatly into the landscape. There are homes sited to take advantage of solar benefits.  And, there are those very large homes designed to take advantage of nature, or privacy, or  architectural excellence; signature homes that may, in some cases, offer e...
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By Gabe Swinney Asheville New Urbanism
(Gabe Swinney)
   The Grove Park Inn on Macon Avenue in Asheville, North Carolina is one of the regions most legendary sites.  You name it and you can have it around the Grove Park Inn.  Luxury, relaxation, beauty, history, and perhaps even a brush with the supernatural are all things that this part of Macon Avenue are famous for.  The Grove Park Inn itself draws visitors form all over the world and Macon Avenue real estate is some of the most sought after in the Asheville area.  The famous Grove Park Inn was completed in 1913.  It was the dream of a man named E.W. Grove.  Grove had made his fortune peddling a miracle elixir that at one point was outselling Coca-Cola.  The giant resort was constructed out of granite boulders hauled from the local Sunset Mountain and modeled after the grand railway hot...
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By Gabe Swinney Asheville New Urbanism
(Gabe Swinney)
      You don't have to search to deep with Google to find out that Asheville's housing market is still in pretty good shape.  Their are many many reports and blogs on this subject.  This is a comforting fact for someone like me, who works in the Asheville Real Estate Market but listens to dark speculation about the national market every day on my way to work.  What we are currently faced with is not a depression but a ridiculous amount of opportunity.I have heard other brokers say to me and their clients that Asheville is still a sellers market.   I think this is true only so far.  We have been effected by the national housing market slump and scare in the sense that our growth has slowed down a little.  This slowing has been caused by the fact that people caught up in injured markets ...
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$309,000Asheville and Buncombe County, NC has been acting strange lately. As the majority of the country seems to be having a downward spiral of home prices, at least according to the news media, Asheville has been experiencing something a bit different.Annually, in the past, we had been seeing the inventory go down in the early fall, but that is not unusual for the fall and winter months of November through about the middle of March. Now, our inventory is beginning to creep back upward earlier than usual.Our Average Asking home prices have basically been stable, with some up and down movement, but today we hit an all time record high for the Median Asking price of single family homes (which include: homes, mobile homes and Condo/Townhomes).Outside of the North Carolina beaches, that ma...
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By Gabe Swinney Asheville New Urbanism
(Gabe Swinney)
      Asheville real estate has taken a turn for the green.  With Western North Carolina quickly becoming America's number 1 place to relocate and Asheville unveiled as the happiest city in the nation, more and more developers are trying to find a way to do what they do with the limited mountain terrain.   Some of those developers, who will remain nameless for the purpose of this article, have little interest in preserving the spectacular natural setting that actually draws their prospects here.  These developers only see the golden opportunity to capitalize on a good thing.    However, there are many other developments that are trying to simultaneously embrace Asheville's sustainable mindset and the ripe real estate market that makes it possible to develop.  One large example of these ...
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
I began a "conversation" with a horse person via email. She is a potentialclient I met through Active Rain. She wrote something like this, "I am exploring relocating to an eco conscious, eco friendly community which welcomes and accommodates horses (5).  I am specifically interested in a situation in which there is minimum environmental toxicity in the community." Now folks, I know what she means by eco-friendly. "Green"  is downright popular these days. Thank goodness "old timers" and ecologists are readily available to point out plants and trees potentially toxic  to horses. But I also know about my horse-clients and their attraction to horses! I figured that five (5) horses  may  be the case now  ...but soon there could be one to be rescued and another as a total surprise ... inexpl...
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By Gabe Swinney Asheville New Urbanism
(Gabe Swinney)
                                        "The Asheville green building business is booming, they just cant build them fast enough!", I overheard a man say at my favorite local fair-trade coffee shop the other day.  And you know what, he was right.  The growing real estate development in Western North Carolina has absolutely shown us where the demand is: Green Sustainable Development.  And now contractors and real estate investors are scrambling to create the supply.  It is so refreshing to see a trend that reflects the healthy interests of the market.  It is also nice to know that local government is following suit, for example back in 2006 Asheville City Council passed a resolution ensuring that all new municipal buildings are up to LEED specifications.       Many different states now h...
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
I'm an avid watcher of trends (especially "green" trends) in the real estate market. So, in Part I,I compiled data in terms of my (and our Firm's) special GREEN focus: "GREEN-Built" Homes, ECO-Friendly Developments/Lots, Farms & Land /Acreage (20-100 Acres), Farms & Land /Acreage (100-500 Acres), Horse/Equestrian Properties w/ Residential Amenities, Luxury Residential Properties on at Least 5 Acres and/or Second/Vacation Homes in the Mountains, and Special Gems  ...I talked about the Greater Asheville Area's very strong, eco-friendly market. You can read more about this subject in the Best Housing Markets HERE Now, in Part II , I'm moving into statistics on: Horse/Equestrian Properties w/ Stables & Residential Amenities,  LAND /Acreage (100-500 Acres), Luxury Residential Properties on a...
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By Gabe Swinney Asheville New Urbanism
(Gabe Swinney)
       For me, being a green buyer's agent in Asheville, North Carolina is the only way I could work as a real estate broker.  The are many reasons for this, from a passion for this area to my commitment to a sustainable relationship with our environment.        Asheville's realty market has been growing in great ways over the last several years.  Even this year's housing slump has only highlighted its desirability as it remained one of the last healthy markets in the nation.  To name just a couple of contrasting accolades; Asheville was named "Best Southern Town" by Outside Magazine as well as the number one most popular place to retire according to Topretirements.com.  This kind of growth and attention has brought out a lot real estate agents.  There are a lot of brokers in the Ashevi...
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By ActiveRain City and State Listing Group
Over the last several months, there have been hundreds of posts put on AR. It is obvious that there are many members here that are relatively new in the real estate business. By new, I guess I mean less than two years. There are, of course, members here that have been in the business for much longer and who are more career minded.This is a good place to learn, but certainly, not the only place.I see a lot of newer members seeking help on how to make their business model better and they sometimes ask questions seeking advice.For those agents working with Buyers, the one very important habit that they need to develop is the skill of asking questions. I'm going to write a post about that subject eventually, but first I had to get the title worked out. So here are the titles that I thought...
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By Richard Hoffart
(Beverly-Hanks & Associates)
Wow!  It has been a while.  I didn't think I would be away this long but the arrival of a little one tends to trash all of your plans.  I had a choice and I chose to focus on my little girl.  I'm feeling more comfortable these days and I'm ready to expand my focus to other things not related to diapers and bottles.  Ha!Asheville continues to grab headlines and good press.  A recent 20/20 that aired on 1-11-08 claimed Asheville as the happiest U.S. city.  Well, at least that is what journalist Eric Weiner claims in his book "The Geography of Bliss."  I must say, I do like living here but maybe not for the reasons he gives.  I mainly just like living in the mountains and being so close to outdoor activities and major cities.  The population of Asheville is around 75,000.  Buncombe County ...
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By ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779, CONTACT janeAnne365@gmail.com
( REAL ESTATE REFERRAL NETWORK )
ASHEVILLE, N.C  Real Estate Market OUTLOOKIt's "Red-Hot"  and GREEN Do trends and statistics in land and home sales grab your attention? If you're like me, an avid real estate market watcher, they sure do, especially nowadays, and especially when it comes to the red-hot GREEN market.. Good News: In the Greater Asheville, N.C. area as we look out to 2008, we see on our glorious horizon "mountains" of opportunity with prosperous predictions for 2008 and "blue skies" as we look back at 2007. Check out these stats: Population: Greater Asheville Area 398,009    Asheville, proper: about 80,000 Appreciation in the Asheville area: One-year change: 9.44%Five-year change: 55.46% New Construction: "GREEN" NC Healthy Built Homes...DUE in 2008: . . .        !!!   470 !!!!  . . .The media might tell ...
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By Gabe Swinney Asheville New Urbanism
(Gabe Swinney)
 Living and working in the Asheville green real estate market is not just day to day life for me... it is kind of an obsession.  This fact is not hidden from my family and friends.  And the result is much the same as it is for many of us these days when our family and friends know something about us...they forward every single piece of information remotely pertaining to your favored subject straight to your email.  I could write a small book containing all the accolades our fair city is honored with, and in turn is sent to my in-box.  The heart of the matter is that people just love it here and they like to sing, paint, or write about it. Yesterday I came upon a very great distinction for Asheville.  It seems that there was a piece recently on ABC's 20/20 exploring something we all want...
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By Gabe Swinney Asheville New Urbanism
(Gabe Swinney)
    Green commercial real estate in Asheville, North Carolina is starting to make a big impression on the market.  Green real estate has quickly established itself as a growing powerhouse for Western North Carolina.  Asheville has put itself on the map once again for approving one of the countries largest LEED certified projects the Weirbridge Project.  Weirbridge Village is a 16 building, 21 acre, 100 million dollar project, designed to be LEED certified.  This is also the second largest of its kind in the nation.  Following suit, developers are looking for more opportunities to build or renovate sustainably in this Asheville market whose demographics are gobbling it up.  You just cant beat it when values and value come together.     Another great example of green commercial property i...
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Buncombe County, NC Real Estate Market Statistics December 2006 and 2007 Active ResidentialListingsAverageAsking PriceMedianAsking PriceNumberSOLDAverageSOLDPriceMedianSOLDPrice       Dec 20062145$405,217$279,900274$304,219$230,000Dec 20072918$442,399$299,900220$296,901$247,750As you can see, the number of homes in the inventory has risen, but so have the Average and Median asking prices. One reason for that is that we now have more homes on the market at or over $1 million. The one concern is the number of homes sold in December 2007 versus 2006. Inventory up, sales down indicates our market has slowed along with the rest of the nation. Post you listings and market reports at the Group: http://activerain.com/groups/CityStateListingsReports
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By ActiveRain City and State Listing Group
 Here are the trends and statistics for for the 4th quarter of 2007 for Asheville & Buncombe County, NC. Buncombe County is made up of  Asheville, Leicester, Weaverville, Candler, Woodfin, Arden, Barnardsville, Black Mountain, and several other area locations. If you go to Realtor.com to search for listings in the Asheville area, be sure to put in Leicester and the other areas to get the complete picture of what is available in our beautiful part of the country.If you put just the word "Asheville" in a Google search you will get 11,000,000+ hits! The number one site for Asheville is Asheville.com.If you put the words Buncombe County NC you will get 1,040,000 hits. The number one site is Buncombe County. org.In comparison, if you put the word "ActiveRain" in you will get 581,000+ hits.As...
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By Bill Westel, ECO
(Eco-Steward Realty)
While home sales keep slumping nationwide, the Asheville real estate market keeps creating homes that can save money for homeowners and are environmentally friendly. The 100th N.C. HealthyBuilt home in Western North Carolina was recently completed in Black Mountain.  Homes earn the certification by fulfilling a long checklist of details that include raising energy efficiency and using recycled materials while cutting down on waste and damage to the environment.. HealthyBuilt homes in the region priced from $150,000 to $1,000,000 and tend to stay on the market a much shorter time than traditional residences.  While the NC HealthyBuilt Homes Program  covers the entire state, the Asheville area has the lion's share of the energy-efficient residences, according to the Western North Carolina...
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