Western North Carolina Market Review January 2016

Asheville

Year Over Year Data

Henderson County
· 9.8% increase in values, Median $205,000
· 95% LTS
· Median DOM 75, Ave 119
· 8.8% increase in the number of units sold, 1973
· 48% increase in the number of units sold from 2010
· 8% off in median values from 2007
· 5 Months of Absorption, 680 Active
· 9% Increase in Sales Volume

Buncombe County
· 7% increase in values, Median $230,000
· 96% LTS
· Median DOM 60, Ave 99
· 11.9% increase in the number of units sold, 4020
· 44% Increase in the number of units sold from 2010
· .0009% increase median values from 2007
· 4 Months of Absorption, 1174 Active
· 14.6% Increase in Sales Volume

Polk County
· 14% increase in values, Median $206,900
· 92% LTS
· Median DOM 126, Ave 174
· 11% decrease in number of units sold, 207
· 55% increase in number of units from 2010
· 16% off in median values from 2007
· 7 months of absorption, 214 Active
· 2.5% decrease in Sales Volume

Transylvania County
· 0% increase in Values, Median $205,065
· 92% LTS
· Median DOM 111, Ave 180
· 16% increase in the number of units sold, 565
· 49% increase in the number of units sold from 2010
· 21% off in median values from 2007
· 11 Months of Absorption, 492 Active
· 10% Increase in Sales Volume

Rutherford County
· 11.5% increase in Values, Median $155,000
· 91% LTS
· Median DOM 108, Ave 172
· 19% increase in the number of units sold, 423
· 55% increase in the number of units sold from 2010
· 8% off in median values from 2007
· 12 Months of Absorption, 354 Active
· 24% Increase in Sales Volume

Land

Lots 0-3AC Deed Restrictions
Polk County – 3.6 Years Absorption
Transylvania -5.3 Years Absorption
Henderson -4.8 Years Absorption
Buncombe – 2.5 Years Absorption
Rutherford -6 Years Absorption

10+ Acres no deed restrictions
Polk County- 4.9 Years Absorption
Transylvania -4 Years Absorption
Henderson- 3.6 Years Absorption
Buncombe – 4.6 Years Absorption
Rutherford – 4.8 Year Absorption

Data Sourced from NC Mountains MLS, Laura Flores Broker Associate

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