What's Happening with Residential Construction in Asheville? There has been a soft patch with the residential construction in Asheville, as well as the rest of the US, showing four months of declining new home permits to close out 2018. The beginning of 2019 saw a huge reversal in that trend with single-family residential starts jumping 18.6 percent to a seasonally adjusted rate of 1.230 million Continue Reading
Asheville Real Estate Market
Buying Asheville Vacation Homes: How to Look for Investment Properties & AirBnB Rentals For Sale
Asheville vacation homes have become a very popular type of investment property. It’s safe to say we get more inquiries from buyers looking for vacation homes in Asheville, NC than we do buyers looking for multi-family investment properties. But before jumping into your search for a vacation rental, there are several important things to consider. These include: The types of vacation homes Continue Reading
Where are the Best Places to Live in Asheville, NC?
Is Asheville a Good Place to Live? Asheville, NC is a popular area for all types of people, including families, young professionals, and anyone who is looking for a city with good food, beautiful scenery, and quality healthcare. Asheville is well-known for its vibrant art scene, abundant outdoor activities, and world-class live music. But it has also become a hotspot for tourists and retirees. Continue Reading
Buying Land in Asheville, NC
The market for land in Asheville, NC is very different than in many other parts of the country. The varied mountain topography of our area, as well as the vast amount of protected land in National Forests, watersheds, and state forests limit the amount of supply in the market. At the same time, the inventory that is available is incredibly diverse. Land for sale in and around Asheville can be Continue Reading
Black Mountain, NC Upper End Market is Heating Up
As the Black Mountain real estate market has improved dramatically over the last couple of years, the upper end ($600,000 and up) has stayed relatively flat. But it seems that 2018 might be a turning point as the Black Mountain real estate market continues to rise. As of today (May 17, 2018), there have been 4 closed sales in Black Mountain over $600k year-to-date. Last year, the numbers were Continue Reading
Asheville & Black Mountain Real Estate Market – 2017 Year in Review
This past year was quite a year for Asheville and Black Mountain real estate. In the more affordable price ranges, homes sold almost as quickly as they were listed. And the upper price ranges saw an increase in the number of sales. We've put together some graphs of some of the more common indicators, and then broken them down by areas and price ranges. We'll look at Asheville, Black Mountain, and Continue Reading
Asheville’s MLS Now Features “Coming Soon” Listings
The Asheville real estate market remains very strong, especially in the more affordable price ranges. It's February as I write this, and this is typically the slowest time of year in terms of inventory. Let's take a look at the current inventory figures. Current Inventory Now that inventory levels have bottomed out, it's time to start thinking about the spring listing season. Many sellers Continue Reading
Buncombe County Announces Property Value Reassessment for 2017
The Buncombe County Tax Office has announced that real estate taxes will be reassessed in 2017. Notices of new property tax values will be mailed to property owners in February. Why is this Happening Now? As discussed before on this blog, counties in North Carolina are required by statute to reappraise properties at least every 8 years, and no sooner than every 4 years. Our last assessment was Continue Reading
How a Real Estate Agency Works in North Carolina
In Western North Carolina, there are 3 primary ways a real estate agent can represent a buyer or seller in a transaction. These are Seller's Agent, Buyer's Agent, and Dual Agent. Seller's Agent The seller's agent, or listing agent, is just that. He or she works for the seller and is trying to sell the listed property. Frequently, buyers call seller's agents to show them a house. This is Continue Reading
How Asheville Area Property Taxes are Assessed and Calculated
Real Estate Tax Timeline Buncombe County property tax bills are sent out in September of each year, and are for the current calendar year. So, the bill you receive in September is for the calendar year January - December. It is considered "due" when received, but is not "late" until early January of the next year. Here are some tips about how the Asheville area property tax is assessed and Continue Reading
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