Western NC Year Over Year Residential Market Review October 2014

hendersonville

 

 

 

 

 

 

Henderson County
• 5 increase in values, Median $185,000
• 95% LTS vs 94%
• Median DOM 105, reduced by 3%
• 10% increase in the number of units sold, 1744
• 42% increase in the number of units sold from 2010
• 17% off in median values from 2007
• 6.95 Months of Absorption

 


Buncombe County
• 5% increase in values, Median $213,000
• 95% LTS vs 95%
• Median DOM 82, 6% reduction
• 3.5% increase in the number of units sold, 3486
• 36% Increase in the number of units sold from 2010
• 7% off in median values from 2007
• 6.5 Months of Absorption

 


Polk County
• 10.8% increase in values, Median $185,000
• 93% LTS vs 91%
• Median DOM 143, reduced by 30%
• 5.6% increase in number of units sold, 211
• 55% increase in number of units from 2010
• 25% off in median values from 2007
• 12 months of absorption


Transylvania County
• 6.7% increase in Values, Median $185,000
• 88% LTS vs 92%
• Median DOM 168, increased by 16%
• 13% increase in the number of units sold, 468
• 38% increase in the number of units sold from 2010
• 29% off in median values from 2007
• 15.7 Months of Absorption

 


Land
Henderson Lots 0-3AC, 5.38 years absorption. Buncombe 2.9 Years, Rutherford 6.2 years absorption, Polk 16.75 years, Transylvania 11.6 years.


 Data Sourced from NC Mountains MLS, Laura Flores Broker Associate

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