Western North Carolina Market Review August 2015

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Year Over Year Data

Henderson County
• 7.5% increase in values, Median $198,000
• 95% LTS
• Median DOM 91
• 11.5% increase in the number of units sold, 1931
• 47% increase in the number of units sold from 2010
• 11% off in median values from 2007
• 5 Months of Absorption, 997 Active
• 14.5% Increase in Sales Volume

Buncombe County
• 4.5% increase in values, Median $222,000
• 96% LTS
• Median DOM 72
• 9% increase in the number of units sold, 3887
• 42% Increase in the number of units sold from 2010
• 2.6% off in median values from 2007
• 4 Months of Absorption, 1749 Active
• 12 % Increase in Sales Volume

Polk County
• 4% increase in values, Median $190,000
• 94% LTS
• Median DOM 148
• 8% increase in number of units sold, 226
• 59% increase in number of units from 2010
• 23% off in median values from 2007
• 15 months of absorption, 266 Active
• 14% Increase in Sales Volume

Transylvania County
• 10.4% increase in Values, Median $202,000
• 93% LTS
• Median DOM 153
• 17% increase in the number of units sold, 525
• 45% increase in the number of units sold from 2010
• 22% off in median values from 2007
• 13.6 Months of Absorption, 703 Active
• 17.8% Increase in Sales Volume

Rutherford County
• 8% increase in Values, Median $148,900
• 92% LTS
• Median DOM 133
• 14% increase in the number of units sold, 377
• 50% increase in the number of units sold from 2010
• 11.9% off in median values from 2007
• 13.4 Months of Absorption, 507 Active
• 15% Increase in Sales Volume

Land

Lots 0-3AC Deed Restrictions

Polk County – 4.9 Years Absorption
Transylvania -7.3 Years Absorption
Henderson -5 Years Absorption
Buncombe – 3.4 Years Absorption
Rutherford -5.8 Years Absorption

10+ Acres no deed restrictions

Polk County- 3.5 Years Absorption
Transylvania -3.5 Years Absorption
Henderson- 2.7 Years Absorption
Buncombe – 4.3 Years Absorption
Rutherford – 4 Year Absorption

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

 

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