Western NC Market Review April 2015

hendersonville_gallery_Community-Display

Year Over Year Market Data
Henderson County
• 5% increase in values, Median $190,000
• 95% LTS vs 94%
• Median DOM 100
• 11% increase in the number of units sold, 1849
• 45% increase in the number of units sold from 2010
• 14.7% off in median values from 2007
• 5.72 Months of Absorption, 853 Active
• 13% Increase in Sales Volume
Buncombe County
• 5% increase in values, Median $217,000
• 96% LTS vs 95%
• Median DOM 79, 9% reduction
• 7.2% increase in the number of units sold, 3658
• 39% Increase in the number of units sold from 2010
• 4.3% off in median values from 2007
• 4.5 Months of Absorption, 1459 Active
• 9.6 % Increase in Sales Volume
Polk County
• 5% increase in values, Median $184,250
• 93% LTS vs 91%
• Median DOM 141, reduced by 14%
• 10% increase in number of units sold, 220
• 57% increase in number of units from 2010
• 25% off in median values from 2007
• 22 months of absorption, 223 Active
• 17% Increase in Sales Volume
Transylvania County
• 7.6% increase in Values, Median $190,000
• 89% LTS vs 92%
• Median DOM 173, increased by 6%
• 21% increase in the number of units sold, 503
• 42% increase in the number of units sold from 2010
• 25% off in median values from 2007
• 12 Months of Absorption, 603 Active
• 30% Increase in Sales Volume

Rutherford County
• 9% increase in Values, Median $147,500
• 92% LTS vs 91%
• Median DOM 132 vs 126
• 13% increase in the number of units sold, 363
• 48% increase in the number of units sold from 2010
• 13% off in median values from 2007
• 15 Months of Absorption, 407 Active
• 15% Increase in Sales Volume

Land
Lots 0-3AC Deed Restrictions
Polk County – 2.5 Years Absorption
Transylvania -8 Years Absorption
Henderson -3.7 Years Absorption
Buncombe – 3 Years Absorption
Rutherford -5.3 Years Absorption

10+ Acres no deed restrictions
Polk County- 3 Years Absorption
Transylvania -4.2 Years Absorption
Henderson- 4 Years Absorption
Buncombe -5 Years Absorption
Rutherford – 1.5 Year Absorption
• Data Sourced from NC Mountains MLS, Laura Flores Broker Associate

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