Asheville’s 1st Q housing sales down, prices up

Asheville housing sales lagged behind last year’s pace, comparing first quarters of 2013 with 2014, according to a report released this week by RE/MAX. The RE/MAX Carolinas Lifestyle Report 2014 examined 18 housing markets in North and South Carolina, and found that one-third of the markets had experienced an upswing in unit sales activity in the first quarter of 2014.

Despite strong demand from both baby boomers and millennials in Asheville’s urban center, sales were off 2013 levels by 4 percent, with 652 homes changing hands in the first quarter of 2014 (652 units vs. 676 units), according to the report.

existing home sales 2014-06-12 at 11.51.48 AM
Asheville home sales

The average home price in Asheville, however, rose 7 percent to $257,406 in Q1, an increase of more than $18,000 over the 2013 figure, the report said.

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Asheville home sales

“The most heated activity has been reported in Asheville’s urban core,” the report noted, “where multiple offers are now occurring with greater frequency—some at full list price.”

The report also said demand is brisk for new construction, both for infill and tract housing under $300,000. Less robust demand exists for housing   in the city’s peripheral areas, with fewer purchasers looking outside the core. “Asheville continues to offer up some of the best real estate in the country, consistently voted one of the best places for baby boomers to retire,” the report said. NC markets- home sales 2014-06-12 at 11.47.25 AM


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About Jeff Fobes
As a long-time proponent of media for social change, my early activities included coordinating the creation of a small community FM radio station to serve a poor section of St. Louis, Mo. In the 1980s I served as the editor of the "futurist" newsletter of the U.S. Association for the Club of Rome, a professional/academic group with a global focus and a mandate to act locally. During that time, I was impressed by a journalism experiment in Mississippi, in which a newspaper reporter spent a year in a small town covering how global activities impacted local events (e.g., literacy programs in Asia drove up the price of pulpwood; soybean demand in China impacted local soybean prices). Taking a cue from the Mississippi journalism experiment, I offered to help the local Green Party in western North Carolina start its own newspaper, which published under the name Green Line. Eventually the local party turned Green Line over to me, giving Asheville-area readers an independent, locally focused news source that was driven by global concerns. Over the years the monthly grew, until it morphed into the weekly Mountain Xpress in 1994. I've been its publisher since the beginning. Mountain Xpress' mission is to promote grassroots democracy (of any political persuasion) by serving the area's most active, thoughtful readers. Consider Xpress as an experiment to see if such a media operation can promote a healthy, democratic and wise community. In addition to print, today's rapidly evolving Web technosphere offers a grand opportunity to see how an interactive global information network impacts a local community when the network includes a locally focused media outlet whose aim is promote thoughtful citizen activism. Follow me @fobes

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