Vacant Land, Lots, and Acreage - Buncombe County, NC - January 2009
Buncombe County includes the cities or areas of Asheville, Weaverville, Leicester, Black Mountain, Arden, Skyland, Candler, and Biltmore Forest.
373 parcels of vacant land were Sold in 2008 with an Average Sold Price of $142,634.
January has started off with a slow start, which is not unusual. This would indicate that investors, builders and speculators are waiting for the market to stabilize. Of course, the risk is that once the Asheville market heats up, the prices on land will increase at a rapid pace because buyers wanting new homes will have a limited supply.
There is not much to report, but a breakdown of the sales for 2009 looks like this:
1 acre or under - 6 parcels sold with an Average Sold Price of $28,604.
1 to 2.99 acres - 2 parcels sold with an Average Sold Price of $41,000.
3 to 4.99 acres - 0 parcels sold with an Average Sold Price of $0.
5 to 9.99 acres - 0 parcels sold with an Average Sold Price of $0.
10 to 20 acres - 0 parcels were sold with an Average Sold Price of $0.
There are currently 2214 parcels of any size on the market with an Average Asking Price of $265,849.
The Average Asking Price of the 3030 Residential homes"for sale" in Buncombe County is $458,025.
It is fairly obvious that the high cost of vacant land has a great affect on the overall cost of homes in our area.
(The above 3.06 acre lot next to new house in Leicester, NC can be purchased for $149,000. Will also trade up or down. Underground utilities/DSL/phone and is ready to build on. Broker/Owner)
Copyright by Don Davies©
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