Western North Carolina Market Update January 2015

Asheville

Henderson County

  • 4% increase in values, Median $186,500
  • 95% LTS vs 94%
  • Median DOM 105
  • 10% increase in the number of units sold, 1811
  • 44% increase in the number of units sold from 2010
  • 16% off in median values from 2007
  • 4 Months of Absorption, 892 Active
  • 6% Increase in Sales Volume

Buncombe  County

  • 6% increase in values, Median $215,000
  • 96% LTS vs 95%
  • Median DOM 80, 8% reduction
  • 6% increase in the number of units sold, 3578
  • 38% Increase in the number of units sold from 2010
  • 7% off in median values from 2007
  • 7 Months of Absorption, 1488 Active
  • 4 % Increase in Sales Volume

Polk County

  • 5% increase in values, Median $180,000
  • 93% LTS vs 91%
  • Median DOM 129, reduced by 37%
  • 14% increase in number of units sold, 231
  • 60% increase in number of units from 2010
  • 27% off in median values from 2007
  • 11 months of absorption, 228 Active
  • 24% Increase in Sales Volume

Transylvania County

  • 7 increase in Values, Median $185,000
  • 88% LTS vs 92%
  • Median DOM 167, increased by 17%
  • 16% increase in the number of units sold, 486
  • 41% increase in the number of units sold from 2010
  • 27% off in median values from 2007
  • 11 Months of Absorption, 577 Active
  • 25% Increase in Sales Volume

 

 

Land

Lots 0-3AC Deed Restrictions

Polk County – 11 Years Absorption

Transylvania -7 Years Absorption

Henderson -4.3 Years Absorption

Buncombe – 3 Years Absorption

Rutherford  -5 Years Absorption

(Henderson County 59% sales were under 40K, twice as many sold vs 2010)

 

10+ Acres no deed restrictions                                                                  

Polk County- 1.8 Years Absorption

Transylvania -3 Years Absorption

Henderson- 2.5 Years Absorption

Buncombe -2 Years Absorption

Rutherford – 1 Year Absorption

 

 

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

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