Western NC Market Review May 2015

hendersonville_gallery_Community-Display

Henderson County
• 4% increase in values, Median $192,250
• 95% LTS vs 94%
• Median DOM 100
• 10% increase in the number of units sold, 1851
• 45% increase in the number of units sold from 2010
• 13.7% off in median values from 2007
• 6 Months of Absorption, 908 Active
• 10% Increase in Sales Volume
Buncombe County
• 4% increase in values, Median $218,000
• 96% LTS vs 95%
• Median DOM 78
• 8.5% increase in the number of units sold, 3740
• 40% Increase in the number of units sold from 2010
• 4.3% off in median values from 2007
• 4.7 Months of Absorption, 1504 Active
• 10.5 % Increase in Sales Volume
Polk County
• 8% increase in values, Median $190,000
• 93% LTS vs 92%
• Median DOM 155, reduced by 6%
• 18.5% increase in number of units sold, 237
• 60% increase in number of units from 2010
• 23% off in median values from 2007
• 9 months of absorption, 223 Active
• 30% Increase in Sales Volume
Transylvania County
• 7.6% increase in Values, Median $200,000
• 89% LTS
• Median DOM 173
• 22% increase in the number of units sold, 503
• 43% increase in the number of units sold from 2010
• 23% off in median values from 2007
• 20 Months of Absorption, 668 Active
• 32% Increase in Sales Volume

Rutherford County
• 9% increase in Values, Median $147,500
• 92% LTS vs 91%
• Median DOM 132
• 16% increase in the number of units sold, 370
• 49% increase in the number of units sold from 2010
• 12.7% off in median values from 2007
• 18 Months of Absorption, 428 Active
• 21% Increase in Sales Volume

Land
Lots 0-3AC Deed Restrictions
Polk County – 5 Years Absorption
Transylvania -8 Years Absorption
Henderson -4.7 Years Absorption
Buncombe – 3.4 Years Absorption
Rutherford -5.4 Years Absorption

10+ Acres no deed restrictions
Polk County- 4 Years Absorption
Transylvania -4.5 Years Absorption
Henderson- 3 Years Absorption
Buncombe -5 Years Absorption
Rutherford – 3.7 Year Absorption
• Data Sourced from NC Mountains MLS, Laura Flores Broker Associate

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