Asheville Real Estate, Buncombe County, NC: Real Estate Market Report (Sold & Active) - November 2008 - 12/29/08 04:33 PM
Asheville, Buncombe County, NC Real Estate Market Statistics -
Active and Sold - November 2008 and 2007 Comparisons
Our Active Residential Listings have increased 6% from this same time last year. 
The Average Asking Price has increased 3.8% and Median Asking Price has increased 1.7%.
What we faced this month was the lowest number of homes sold in a month in over 7 years! It was a decrease of 53% over November 2007.
That is the  real problem we still face, the SOLD numbers are down. This month the SOLD prices are also down significantly from November 2007. As you can see by the … (2 comments)

Asheville Real Estate: Buncombe County, NC - Homes In Inventory By Price Range - November 2008 - 12/19/08 12:01 PM
NOVEMBER - 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 judgment of health or desirability.
In the "good days", in the Asheville area, a "normal" real estate market was estimated to be when the housing inventory of homes for sale should be somewhere around 6 to 7 months supply. Asheville and Buncombe County are continuing to hold steady at about 15 months supply, on average.
This is the normal slow-down time of year and inventory is normally reduced because some sellers do not … (0 comments)

Asheville Real Estate, Buncombe County, NC: Residential Active Listings Statistics - November 2008 - 12/14/08 12:04 PM
NOVEMBER 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. 
Active listings inventory would normally drop this time of year due to sellers not wanting to have their home on the market in winter conditions and because of the holidays, when they don't want surprise visitors. We have seen a slight drop in active listings, but they are not yet at the "healthy" level.
There has been a … (1 comments)

Asheville Real Estate: New Home Sales in Asheville, NC - 2006 - 2008 - What Happened? - 12/01/08 05:19 PM
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 … (1 comments)