Real Estate Information Archive

Home sales are on the rise in the Asheville/ Waynesville area.  The average price per square foot for Asheville NC was $139, a decrease of 6.1% compared to the same period last year. The median sales price for homes in Asheville NC for Apr 10 to Jun 10 was $191,998 based on 310 home sales. Compared to the same period one year ago, the median home sales price increased 7.3%, or $12,998, and the number of home sales increased 37.8%.

I was quoted from a lender last week a 4.5% interest rate 30 year fixed. I do not remember interest rates being so low for so long. This is a great time to either refinance or purchase a home. http://bit.ly/axLhub

This is great news and employment is the key. Asheville and Waynesville area is starting to feel the optimism of the consumer as real estate sales continue to grow. Home sales have increased nicely however vacant land continues to be slow. There has never been a better time to purchase an Asheville or Waynesville Home with the prices and interest rates at an all time low.
N.C. employers will add jobs at a modest pace this year as the state continues its economic rebound, UNC Charlotte economist John Connaughton said Tuesday in his quarterly economic forecast. He predicts that the state's economy will grow 2.2 percent this year over last.
http://www.charlotteobserver.com/2010/06/02/1472601/economist-nc-is-on upswing.html#ixzz0phZB3Y8L

Home Prices Rising in More Areas, First Quarter Sales Up From a Year Ago

A growing number of areas are experiencing price gains from a year ago, while most states have seen healthy gains in home sales from the first quarter of 2009, according to the latest survey by the National Association of REALTORS®.

In the first quarter, 91 out of 152 metropolitan statistical areas¹ showed higher median existing single-family home prices in comparison with the first quarter of 2009, including 29 with double-digit increases; three were unchanged and 58 metros had price declines. In the fourth quarter 67 areas reported gains and 123 were down, while only 30 MSAs in third quarter of 2009 showed annual price increases.

The national median existing single-family price was fairly flat at $166,100, down 0.7 percent from the first quarter 2009 price of $167,300. The median is where half sold for more and half sold for less. Distressed homes, which typically are discounted by 15 percent relative to traditional homes, accounted for 36 percent of first quarter sales. http://www.realtor.org/press_room/news_releases/2010/05/metro_rise

North Carolina is the only Mid-Atlantic state on the top 10 high-inbound list, with a rate of 55.4%. From 2008 to 2009, the state dropped from No. 3 to No. 10. According to Forbes, Raleigh and Charlotte remain two of the most popular cities for relocation.

Asheville and Waynesville area ranks high on the list to live as well. As real estate home sales continue to increase home prices are still at an all time low. Waynesville home sales seem to be following the national averages.

The general feeling is the increase in home sales will continue and as inventor decreases prices will stabilize and will start to increase. There has never been a better time to purchase home. http://bit.ly/di3LbA