Median Sales Data

Median Sales Price: $213,000 Average Days on Market: 149 # of Units Closed: 112 November 2010

North NW Central S SE SW E W Links of Interest

MSP $232,000 $160,000 $232,500 $241,000 $215,000 $840,000 $208,000 $186,000
Buncombe County
DOM 140 172 91 188 151 150 116 153 Schools
#UC 16 7 8 22 9 2 18 30
Asheville City Schools
MSP=Median Sales Price DOM=Days on Market #UC =Number of Units Closed

Current Median Asking Price

Asheville Regional
Median Asking Price: $213,400 # of Units Available: 2489

North NW Central S SE SW E W Asheville Chamber of

Commerce
MAP $232,000 $160,000 $232,500 $241,000 $215,000 $804,000 $208,000 $186,000
City of Asheville
#Av.U 526 148 159 445 197 27 468 513
MAP = Median Asking Price #AV.U = Number of Available Units Buncombe County
Explore Asheville
November was realy no surprise to those of us practicing real
estate here in Asheville. There were 112 units sold this Sold Inventory for February 2010
month which was low in comparison to most months this 54
year, but there were indications that the upper level inventory 60
50 39
is moving better than before. The south and west of the 40
county remain busy as buyers look to capitalize on heavy 30
20 9 4 4
inventory there and sell prices remain fairly on par month to 2
10
month from 2009. 0
One of the biggest variables in the buying market right now is
the fluctuating mortgage rates. Over the past 4 weeks the
rates have been as low as 4.21% nationally and as high as
4.7%. Fluctauting rates like these are hard to predict and
trying to "lock in" a rate to purchase starts looking more and
more like gambling. In general, expectations are that rates
will continue to fluctuate with a tendency to inch higher Current Inventory for February 2010
through the winter. 936
If you can find a rate in the mid to low 4% range lock it in 1000 805
and start looking for a home. By spring the rates will almost 800
600
certainly be higher. 276
400 119 155
86
200
This information brought to you courtesy of 0
Jason Ingle.
You can reach me anytime at
Jason@ashevillehomebuyer.com

$260,000 Running Monthly Sales Price Comparison Year over Year 2008 2009 2010

$220,000

$180,000
Jan Feb March April May June July Aug Sept Oct Nov Dec
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