Western North Carolina Market Update December 2014

Asheville

Year over year data is reflected below.

Polk County
• 10.8% increase in values, Median $185,000
• 93% LTS vs 91%
• Median DOM 144, reduced by 27%
• 17% increase in number of units sold, 231
• 59% increase in number of units from 2010
• 25% off in median values from 2007
• 18 months of absorption
• 25% Increase in Sales Volume
Transylvania
• 3 increase in Values, Median $185,000
• 88% LTS vs 91%
• Median DOM 167, increased by 2%
• 10% increase in the number of units sold, 463
• 37% increase in the number of units sold from 2010
• 28% off in median values from 2007
• 20 Months of Absorption
• 24% Increase in Sales Volume
Henderson
• 7 increase in values, Median $188,500
• 95% LTS vs 94%
• Median DOM 103, reduced by 2%
• 10% increase in the number of units sold, 1787
• 43% increase in the number of units sold from 2010
• 15% off in median values from 2007
• 8 Months of Absorption
• 13.5% Increase in Sales Volume
Buncombe
• 4.6% increase in values, Median $215,000
• 95% LTS vs 96%
• Median DOM 80, 10% reduction
• 1.6% increase in the number of units sold, 3515
• 36% Increase in the number of units sold from 2010
• 5.7% off in median values from 2007
• 6 Months of Absorption
• 3.8 % Increase in Sales Volume

Land
Lots 0-3AC Deed Restrictions
Polk County – 15 Years Absorption
Transylvania -6.5 Years Absorption
Henderson -7.6 Years Absorption
Buncombe – 4.3 Years Absorption
Rutherford -11 Years Absorption

10+ Acres no deed restrictions
Polk County- 2.5 Years Absorption
Transylvania -5.2 Years Absorption
Henderson- 14 Months Absorption
Buncombe -11 Years Absorption
Rutherford – 4.4 Years Absorption
• Data Sourced from NC Mountains MLS, Laura Flores Broker Associate

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