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.
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.
“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.