Although I am a Land Specialist in the Asheville and Greater Asheville, N.C. area — (I focus on conservation developments/Preserves such as Creston Preserve and the ECO Horse-Friendly Walnut Creek Preserve
as well as other “ECO conscious” investment real estate)— at least once a quarter I amble on over to take a peek at what’s happening in residential sales in our area here in Western North Carolina. I don my (green) glasses and wander through the stats and then start a dialogue that is usually VERY interesting!
Here's the scoop from my research: Residential Sales in the Asheville and Greater Asheville Area –
First Three Quarters+ 2006
North Carolina continues to see a rise in-the amount of homes sold in 2006. Sale prices continue to climb and the average
number of days a house is on the market has decreased. All of these indicators show that the real estate market in Western North Carolina is strong." (page 6, Real Estate Weekly -October, 2006)
In the City of Asheville alone, (pop about 75,000) a total of 1133 homes listed by January 1, 2006 closed by October 20th. In the Greater Asheville Area, 2158 homes were sold from Jan. 1 through October19, 2006. For those following the environmentally-friendly stats: Seven (7) of the homes were Energy Star® rated. That statistic should change toward the positive in 2007, since we now have forty-one (41) Energy Star ® rated homes currently on the market!
A little side note ... It appears that the interest in GREEN BUILT homes is at least in part
due to the energy given in the Asheville community by human components!
ECO certified REALTORS® at the Asheville Board of REALTORS® and the WNCGBC -- with over 100 members an organization that has launched “dozens of educational events, tours, publications and workshops to make the local built environment more sustainable. The council was responsible for implementing the NC Healthy Built Homes program, a statewide building performance rating system that assists homebuilders in establishing truly green, high-performance, and low impact homes throughout the region.” reports Asheville's Mountain Express.
More STATS & Good Energy: With all this “good energy” it appears that we are holding strong here in the Mountains.
Despite some difficult sectors of the market in other localities in the USA, our area is solid.In fact, the average sale price has increased since last year, at $259,964 for the third quarter in '06. It was at $237,549 in 2005, according to WNC Regional MLS reports for the same time period. Looking back just to August, according to statistics compiled by the North Carolina Association of REALTORS®, 13,582 residential units were sold. Total sales dollars for the month were $2,980,517,337 and the average existing home sales price was up 1 percent to $219,446.
More than 96,600 units have been sold on a year-to-date basis.
The average sales price increased 3 percent over the same time period to $214,592.
NOW we get to a VERY INTERESTING STATISTIC ...
According to Kelly Leach, NCAR Communications Specialist.
ninety-two (92) percent of N.C. homebuyers
use real estate professionals as an information source
during the home search process,
making real estate agents the most widely used source,
even over the Internet.
(75% of all N.C. homebuyers used the Internet in their home search.)
These findings show that the “hype” about technology’s potential
to replace REALTORS® in the home sale transaction is just that….
And what about another troublesome myth… The HOUSING BUBBLE? Here’s what the written statement of the NATIONAL ASSOCIATION OF REALTORS® submitted to the Senate Banking, Housing and Urban Affairs and Subcommittee on Economic Policy just last month concerning the “Housing Bubble and Its Economic Implications” reports:
NAR’s president, Tom Stevens stood up to let it be known
that there is “not a national housing bubble…”
September 13, 2006
All in all...looking through my green glasses has been promising in 2007!
What do you see?
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