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Spring 2012 Market Update
If you qualify, now is an exceptional time to buy a home in Asheville. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 828-210-4920. Rates are beginning to fluctuate upward (as has been forecast for some time now) so don’t wait!
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| Average Home Price | $200,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Asheville is | Increasing |
| Seller Activity for the past 90 days in Asheville is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Certain neighborhoods remain coveted and a properly priced listing will always garner multiple offers. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 0-5% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Agents now have access to a new software which shows us what down payment assistance programs are available and for which properties they may apply to! This is a huge improvement for communications between factions of real estate - lenders, agents and now buyers. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Asheville may have seen the bottom of the market as conditions continue to improve. Formerly subject to influx of cash buyers from now distressed areas the mortgage industry has caught up with buyer need and our overall sales are improving with inventory down for the first time in nearly four years. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Despite the economy Asheville is a haven for active and artistic lifestyles (still). Asheville has always been about lifestyle and desired community. |
| Nearest Metro Area | Asheville |
| Housing Hot Spots | Many neighborhoods and sub-divisions within the Buncombe County area are considered ’Housing Hotspots’ and specifically Montford and North Asheville. West Asheville is still growing as a culture centric hub. |
| Average Sold Price | $200,000 - View Graph Trend |
Asheville Local News
News for Asheville, NC - March 27th, 2012 10:17am
Pollen and buyers both arrive in Asheville, NC! As rates threaten to rise now is the PERFECT time to make a real estate purchase. We have a terrific inventory with many of the sellers truly motivated. Come experience Asheville now.
Spring News for Asheville, NC - March 21st, 2011 3:57pm
Spring has arrived and even the air is tinged with excitement over our housing and property options. Incredible inventory to select from, banks beginning to show confidence in buyers and the greatest topography and weather to live in all make Asheville the best choice for a lifestyle change of residence.
Contact Information
Ron E. Armstrong
828-210-4920
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Ron E. Armstrong
Keller Williams Professionals - Asheville
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 828-210-4920
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