Buncombe County Remains High in National Rankings

Asheville was once again ranked nationally as both a great place to live and to grow a business. Included in the list accolades were:

• # 1 of Top 25 Small Cities, American Style (May 2010)

• # 1 of the 100 Best Places to Retire, Topretirement.com and Market-Watch (February 2010)

• # 6 Among All Us Cities as a Place to Do Business, Forbes (July 2010) 0! 10! 20! 30! 40! 50! 60! 70! 80! 90! 100! Jan! Feb! Mar! Apr! May! Jun! Jul! Aug! Sep! Oct! Nov! Dec! Absorption Rates:Average Price, Slowest, and Fastest Absorption! Buncombe County! Slowest Absorption: $800k-$899k! Average Price Range! Quickest Absorption: $75k-$150k!

 The price point with the highest number of properties on the market, and lowest number of sales, was the $800,000 to $900,000 range. Seventy-one percent of all residential properties sold in Buncombe County were priced under $300,000, with the $75,000 to $150,000 price range seeing the largest percentage of sales and the least amount of available inventory.

While a slight increase can be observed in the number of active listings, the Buncombe County market is still far from a balanced market of supply and demand. Until the market achieves more balance it will continue to be a buyer’s market, and that makes 2011 a great time to purchase property in Buncombe County.