Western North Carolina Market Review February 2016

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Year Over Year Data

Henderson County
· 8.9% increase in values, Median $207,000
· 95% LTS
· Median DOM 72, Ave 116
· 9.2% increase in the number of units sold, 1969
· 48% increase in the number of units sold from 2010
· 7% off in median values from 2007
· 6 Months of Absorption, 680 Active
· 14% Increase in Sales Volume

Buncombe County
· 7% increase in values, Median $231,000
· 96% LTS
· Median DOM 57, Ave 96
· 12.2% increase in the number of units sold, 4044
· 45% Increase in the number of units sold from 2010
· 1% off in median values from 2007
· 4.6 Months of Absorption, 1094 Active
· 13.4% Increase in Sales Volume

Polk County
· 18% increase in values, Median $214,500
· 92% LTS
· Median DOM 122, Ave 166
· 13.5% decrease in number of units sold, 205
· 55% increase in number of units from 2010
· 13% off in median values from 2007
· 15 months of absorption, 214 Active
· 5% decrease in Sales Volume

Transylvania County
· 0.2% increase in Values, Median $206,533
· 92% LTS
· Median DOM 107, Ave 173
· 19% increase in the number of units sold, 574
· 50% increase in the number of units sold from 2010
· 20% off in median values from 2007
· 13 Months of Absorption, 485 Active
· 11% Increase in Sales Volume

Rutherford County
· 7.3% increase in Values, Median $155,000
· 91% LTS
· Median DOM 107, Ave 171
· 17% 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, 333 Active
· 22% Increase in Sales Volume

Land
Lots 0-3AC Deed Restrictions
Polk County – 4.3 Years Absorption
Transylvania -5.4 Years Absorption
Henderson -4.6 Years Absorption
Buncombe – 2.5 Years Absorption
Rutherford -6 Years Absorption

10+ Acres no deed restrictions
Polk County- 5 Years Absorption
Transylvania -4 Years Absorption
Henderson- 4.3 Years Absorption
Buncombe – 4 Years Absorption
Rutherford – 4.2 Year Absorption

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

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