Western North Carolina Market Review May 2016

hendersonville_gallery_Community-Display
Year Over Year Data

Henderson County
· 8.4% increase in values, Median $208,600, Average $236,995
· 95.5% LTS
· Median DOM 63, Ave 105
· 7.2% increase in the number of units sold, 2006
· 49% increase in the number of units sold from 2010
· 6.4% off in median values from 2007
· 3.5 Months of Absorption, 704 Active
· 14.6% Increase in Sales Volume

Buncombe County
· 8.9% increase in values, Median $237,500, Average $292,058
· 96% LTS
· Median DOM 50, Ave 86
· 10% increase in the number of units sold, 4112
· 46% Increase in the number of units sold from 2010
· 4% increase in median values from 2007
· 4 Months of Absorption, 1294 Active
· 14% Increase in Sales Volume

Polk County
· 5.5% increase in values, Median $200,500, Average $244,244
· 92.8% LTS
· Median DOM 104, Ave 143
· 4.3% decrease in number of units sold, 223
· 58% increase in number of units from 2010
· 18.6% off in median values from 2007
· 14 months of absorption, 259 Active
· 15% increase in Sales Volume

Transylvania County
· 0.5% decrease in Values, Median $209,000, Average $250,558
· 92% LTS
· Median DOM 98, Ave 159
· 14.7% increase in the number of units sold, 578
· 50% increase in the number of units sold from 2010
· 20% off in median values from 2007
· 10 Months of Absorption, 559 Active
· 3% Increase in Sales Volume

Rutherford County
· 7.6% increase in Values, Median $158,750, Average $192,491
· 91.2% LTS
· Median DOM 98, Ave 155
· 19.5% increase in the number of units sold, 447
· 58% increase in the number of units sold from 2010
· 6% off in median values from 2007
· 8 Months of Absorption, 371 Active
· 24% Increase in Sales Volume

Land
Lots 0-3AC Deed Restrictions
Polk County – 6.8 Years Absorption
Transylvania -5.7 Years Absorption
Henderson -4.6 Years Absorption
Buncombe – 2.3 Years Absorption
Rutherford -7 Years Absorption

10+ Acres no deed restrictions
Polk County- 4.2 Years Absorption
Transylvania -5.5 Years Absorption
Henderson- 2.8 Years Absorption
Buncombe – 3.5 Years Absorption
Rutherford – 5.6 Year Absorption

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

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