Buncombe County, NC Real Estate Market Statistics December 2006 and 2007
| Active Residential Listings | Average Asking Price | Median Asking Price | Number SOLD | Average SOLD Price | Median SOLD Price |
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Dec 2006 | 2145 | $405,217 | $279,900 | 274 | $304,219 | $230,000 |
Dec 2007 | 2918 | $442,399 | $299,900 | 220 | $296,901 | $247,750 |
As you can see, the number of homes in the inventory has risen, but so have the Average and Median asking prices. One reason for that is that we now have more homes on the market at or over $1 million. The one concern is the number of homes sold in December 2007 versus 2006. Inventory up, sales down indicates our market has slowed along with the rest of the nation.


Here are the trends and statistics for for the 4th quarter of 2007 for Asheville & Buncombe County, NC.
Buncombe County is made up of Asheville, Leicester, Weaverville, Candler, Woodfin, Arden, Barnardsville, Black Mountain, and several other area locations.
If you go to Realtor.com to search for listings in the Asheville area, be sure to put in Leicester and the other areas to get the complete picture of what is available in our beautiful part of the country.
If you put just the word "Asheville" in a Google search you will get 11,000,000+ hits! The number one site for Asheville is Asheville.com.
If you put the words Buncombe County NC you will get 1,040,000 hits. The number one site is Buncombe County. org.
In comparison, if you put the word "ActiveRain" in you will get 581,000+ hits.
Asheville is a destination that many folks are striving to reach so these real estate trends may be helpful to that population, and also the agents that will be helping them with the relocation.

Buncombe County includes the cities or areas of Asheville, Weaverville, Leicester, Black Mountain, Arden, Skyland, Candler, and Biltmore Forest.
Vacant land sales can be an indicator of the health of the real estate market overall.
710 parcels have been sold in 2007 with an Average Sold Price of $163,550.
A breakdown of those sales looks like this:
324 parcels were under 1 acre with an Average Sold Price of $94,318.
233 parcels were between 1 to 2.99 acres with an Average Sold Price of $150,471.
52 parcels were between 3 to 4.99 acres with an Average Sold Price of $176,817.
39 parcels were between 5 to 9.99 acres with an Average Sold Price of $162,847.
35 parcels were between 10 to 20 acres with an Average Sold Price of $201,155.
27 parcels were over 20 acres.
There are currently 1,933 parcels of any size on the market with an Average Asking Price of $311,540.
The Average Asking Price for the 3,011 Residential homes "for sale" in Buncombe County is $442,399.
It is fairly obvious that the high cost of vacant land has a great affect on the overall cost of homes in our area.

ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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