Asheville Real Estate, Buncombe County, NC: Residential ACTIVE Listings Trends/Statistics - March 2009 - 04/27/09 09:05 AM
MARCH 2009
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 have kept the real estate markets unsettled. 
The Active listings inventory normally increase this time of year as expected. What we don't need is an EXCESS in the inventory numbers, which is beginning to develop. High inventory numbers will most likely mean prices must be lower, on average, in order to clear out any excess. 
There has been a slight change in the market … (0 comments)

Asheville Real Estate: Buncombe County, NC - Homes in Inventory by Price Range - March 2009 - 04/21/09 09:52 AM
MARCH - 2009
To have some idea of the health of the market, you must compare the current inventory to the number of sales that has taken place to project the actual number of months supply of homes.
The repetitive question is: What is a Healthy Real Estate Market?
That is not always an easy question to answer, but usually, inventory of unsold homes available should not equal more than a 5 to 7 month supply. Asking prices and inventory seem to set the theme.
As we began the new year, it was obvious that Asheville was not experiencing a "healthy" … (0 comments)

Asheville Real Estate, Buncombe County, NC: Real Estate Market Report (Sold & Active) - March 2009 - 04/20/09 09:22 AM
Asheville, Buncombe County, NC Real Estate Market Statistics -  March 2009
                     Active and Sold - March 2009 and 2008 Comparisons
Our Active Residential Listings numbers have increased slightly over this same time last year. 
The Average Asking Price had a very slight decrease (1%), thus remained about the same, yet the Median Asking Price has decreased 5%. That is because of the higher priced homes taking "price reductions".
We faced, in February 09, the lowest number of homes sold in a month in over 8 years! It was a decrease of 32% over February 2008. March 2009 showed a slight increase from the Feb 09 numbers … (0 comments)

Asheville Real Estate Blog, Buncombe County, NC: Vacant Land Sales - March 2009 - 04/19/09 12:54 PM
Vacant Land, Lots, and Acreage Sales- Buncombe County, NC - March 2009
Buncombe County includes the cities or areas of Asheville, Leicester, Weaverville, Black Mountain, Arden, Skyland, Candler, and Biltmore Forest.

  
47 parcels of vacant land have been Sold in 2009 in Buncombe County with an Average Sold Price of $65,709.
The first 3 months have started off with at a slower rate of sales, which is not unusual. This would indicate that investors, builders and speculators are waiting for the market to stabilize.
Of course, the risk of waiting to purchase is that once the Asheville market heats up, which it … (1 comments)