Asheville Real Estate Journal
Asheville Area Real Estate Market Report, Second Quarter 2017
Asheville Home Prices - A Colorful Outlook
Asheville NC residential Real Estate is solid with a strong seller’s market for most price ranges, home price gains, a low inventory, and any number of multiple offers. And, as we approach the beautiful season of changing colors here in the Asheville area mountains, we see continued buyer engagement.
Percentages, Dollar Figures, Inventory
Price per Square Foot by Sell Price ($200K-1M+) Asheville
$182 to $286
Median Home Sale Price in Asheville and Buncombe County
Number of Homes Sold in Asheville and Buncombe County- 703
(new sales record)
Average Days on Market (DOM) in Asheville and Buncombe County
Inventory Levels of Homes in Asheville –
under 6 months (details just below)
Let’s Talk about Market Indicators and What is Important to You
Inventory levels can be excellent indicators when it comes to the strength of any housing market. (More than six month’s inventory- buyer’s market/ downward price trend—Less than six months- seller’s market/ upward price trend.) In a continuation of the inventory trend ,the 2nd quarter of 2017, inventory in Asheville was under six months in all price ranges below $1,000,000.
So, in terms of current inventory this information suggests that homes continue to move quickly.
As strategic pricing specialists, we advise sellers to price their houses near the market value if they expect to get multiple offers from a good number of interested buyers. We do expect home prices to continue to increase until the inventory is balanced.
We answer email the same day it arrives.
To discover “one-of-a kind” mountain homes and/or LAND for sale in the Greater Asheville area please feel free to give us a call or let us know what is important to you via email today. If you would like a general figure concerning the value of your home in the current market, email us.
If you are on the lookout for a home that will work for you and your family regardless of age or physical handicap, please check out the eBooklet on "aging-in-place" that is just below.