Western North Carolina Market Review March 2016

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Year Over Year Data

Henderson County
· 9.3% increase in values, Median $207,500
· 95% LTS
· Median DOM 71, Ave 115
· 8.2% increase in the number of units sold, 1975
· 48% increase in the number of units sold from 2010
· 7% off in median values from 2007
· 6 Months of Absorption, 683 Active
· 12% Increase in Sales Volume

Buncombe County
· 9.5% increase in values, Median $241,000
· 96% LTS
· Median DOM 56, Ave 94
· 12% increase in the number of units sold, 4065
· 35% Increase in the number of units sold from 2010
· 5% increase in median values from 2007
· 4 Months of Absorption, 1050 Active
· 18% Increase in Sales Volume

Polk County
· 13.5% increase in values, Median $210,000
· 92% LTS
· Median DOM 122, Ave 164
· 6.6% decrease in number of units sold, 213
· 56% increase in number of units from 2010
· 19% off in median values from 2007
· 12 months of absorption, 224 Active
· 5% increase in Sales Volume

Transylvania County
· 0% increase in Values, Median $210,00
· 92% LTS
· Median DOM 105, Ave 169
· 19% increase in the number of units sold, 579
· 50% increase in the number of units sold from 2010
· 20% off in median values from 2007
· 18 Months of Absorption, 518 Active
· 15% Increase in Sales Volume

Rutherford County
· 7.7% increase in Values, Median $156,000
· 91% LTS
· Median DOM 102, Ave 164
· 17% increase in the number of units sold, 425
· 55% increase in the number of units sold from 2010
· 7.6% off in median values from 2007
· 13 Months of Absorption, 359 Active
· 20% Increase in Sales Volume

Land
Lots 0-3AC Deed Restrictions
Polk County – 5.5 Years Absorption
Transylvania -6 Years Absorption
Henderson -4.7 Years Absorption
Buncombe – 2.4 Years Absorption
Rutherford -6 Years Absorption

10+ Acres no deed restrictions
Polk County- 5.6 Years Absorption
Transylvania -4 Years Absorption
Henderson- 4 Years Absorption
Buncombe – 3.6 Years Absorption
Rutherford – 4.2 Year Absorption

Data Sourced from NC Mountains MLS, Laura Flores Broker Associate

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