A recent July 2018 article in Forbes, suggests Asheville is headed in the direction of a boom market. What does this mean? It means rapid growth and price increase. In terms of Asheville real estate, a boom market could mean prices for homes will rise and long-time homeowners may list homes to take advantage of the equity increase. Before you get too concerned, Asheville has always been on many of the top 10 or 25 lists for places to live, work, or visit. We have seen prices increase steadily over the years. The Forbes mention suggests we are headed to a boom. Prices have consistently been increasing slightly during 2018. While some areas are increasing, there are still affordable neighborhoods. The data collected for the Forbes mention includes Buncombe, Henderson, Haywood, and Madison counties.
So let’s take a closer look at mid-summer home listing and selling prices in Buncombe County, based on the July 9th real estate report.
Average Asking Price – July 2018
- Downtown/Central Asheville (28801) – $676,238
- South Asheville (28803) – $887,538.00
- North Asheville (28804) $975,077
- East Asheville (28805) $582,417
- West Asheville (28806) $360,418
- Weaverville (28787) $446,552
- Candler (28715) $490.989
- Black Mountain (28711) $536,333
- Swannanoa (28778) $380,634
- Fletcher (28732) $652,767
- Fairview (28730) $710,885
- Montreat (28757) $498,314
- Leicester (28748) $380,650
- Arden (28704) $756,571
Are sellers getting what they are asking for? Some of the asking prices may seem as “sticker shock”, but remember there are many high end properties in most of these areas, so that can skew the numbers. Let’s look at the average sales price, and perhaps a more accurate look at prices when looking at homes for sale in Asheville.
Average Selling Price – July 2018
- Downtown/Central Asheville (28801) – $483,601
- South Asheville (28803) – $454,436
- North Asheville (28804) $501,911
- East Asheville (28805) $355,573
- West Asheville (28806) $303,240
- Weaverville (28787) $343,910
- Candler (28715) $305,261
- Black Mountain (28711) $338,388
- Swannanoa (28778) $270,449
- Fletcher (28732) $349,403
- Fairview (28730) $457,570
- Montreat (28757) $494,000
- Leicester (28748) $255,405
- Arden (28704) $352,313
What areas can you find a deal? Swannanoa, Candler, and Leicester. Many young families or young adults are looking at these areas.
What areas are hot? West Asheville, East Asheville, South Asheville.
Where are many retirees looking? Central Asheville, North Asheville, East Asheville, Black Mountain, West Asheville, and more.
The Buyer’s Agent of Asheville is local real estate firm located in downtown Asheville, N.C., dedicated with laser focus, fierce negotiating skills, and detailed transaction management, so you can rest assured knowing that your real estate needs are our top priority. Get access to all homes in your price range that match your needs and wants. Search Asheville Homes for Sale The Buyer’s Agent of Asheville has been loyally assisting home buyers in the Asheville, North Carolina area for over a decade. Make an appointment to visit our office at 138 Charlotte Street, Suite 210, Asheville or call our 24/7 service number: (828) 210-4663.