2017 Asheville Market Report
We’re happy to report Asheville has had another solid home sales year and that’s something to sing about. Median home prices have risen about 6% paralleling the national average. The low point of the market over the past 10 years was in September 2011. Since then, Asheville neighborhoods prices have risen 56% (or about 9% per year). The strongest segment of the market continues to be homes priced under $300,000. Yes, brand new homes in Asheville NC can be found starting in the high $200’s as developers crunch costs and shrink home footprints. Here's a few more helpful Asheville area stats:
- Average median home price $250,000
- Homes sell for 95-97% of asking price
- Average square foot price $140
- Approximately 800 homes sold per month
- Homes for sale are under contract in less than 60 days
We believe the coming year may spark a stronger interest in Asheville once again as some folks shy away from the hurricane prone areas. It’s hard to dispute the ever changing scenic beauty found in the region. The Blue Ridge Mountains immerse the area with forest-scented fresh air, cascading waterfalls and thousands of miles of hiking trails to explore. Folks who live here treasure it’s free-spirited renegade attitude. Many are ‘green’ conscious minimalists with an intense appreciation of expressive art and live music. The place where ‘organic’ and ‘non-GMO’ are common words that roll off everyone’s tongue.
Asheville’s cultural scene is always making the news as micro-breweries continue to dig their roots in. Trendy breweries that opened recently include Sierra Nevada and New Belgium Brewing Company. Boutique breweries who opened in 2017 include Habitat Tavern & Commons, Hillman Beer, Ginger’s Revenge, and Archetype Brewing. It’s likely the underground mountain aquifers and temperate rainforests contribute to the beer producing craze in the area.
Asheville is full of character and people love it. The Best Music Town, Best Foodie Town, best this, best that, the lists go on and on. If you’re considering living in Asheville, why not live near an entrance to America’s Favorite Scenic Drive, the Blue Ridge Parkway. Do you know the parkway runs right through the heart of downtown? Here’s a few homes for sale we found of interest by our trusted colleagues at Modern Asheville:
Dramatic Contemporary in Versant of Asheville 3 Bedroom | 2.5 Bath | 2,671 sq ft + Bonus Room | 2.13 Acre
Soaring contemporary, quality built mountain home blending modern & rustic finishes. Open living space has mountain views in two directions. Quality kitchen features Fisher Paykel appliances. Flowing master suite on main with screened porch. Two bedrooms and versatile loft space upstairs. Large unfinished basement plumbed for expansion. 379 sq ft bonus room above garage. Energy efficient features include geo thermal heating & Kolbe windows. Beautiful landscaping, walkable lot with edible gardens.
Downtown Asheville Condo at Clingman Lofts 2 Bedrooms | 2 Bath | 1,125 sq ft | Storage
Enjoy a great view of the River Arts District from the largest and brightest condo at the conveniently located Clingman Lofts. The private two bedroom, two bath and top floor unit puts you steps away from downtown and the RAD. This corner unit features floor to ceiling windows with a corner balcony. The unit comes with an assigned parking space and a lockable, climate controlled storage unit.
Asheville Country Club Mid-Century Home 4 Bedrooms | 3.5 Baths | 3,052 sq ft | 1.27 Acres
Vintage, mid-century home with cool architectural lines. Banded by rows of glass the home is light, bright and flowing. Master on Main with Spa Bath. Lower level has living space with fireplace, 2 bedrooms plus two bonus rooms currently used as workshops - one could be another bedroom. The home offers the opportunity to further modernize to your taste if you choose. Year round mountain views available with editing trees. Located just between Asheville Country Club and Reynolds Mountain.
One of the many benefits of exploring new homes in Asheville NC during the winter months is that the trees are bare, a time when view corridors are revealed, views you might not see easily during the summer months. It’s a cozy time of the year when fireplaces and hot chocolate are staples.
What’s coming up in January for the Asheville neighborhoods:
- January 12-14, 2018 Big Band Weekend at the Grove Park Inn
- January 15-26, 2018 Asheville Restaurant Week
- January 27, 2018 Steep Canyon Rangers Live (see feature image taken on the Blue Ridge Parkway)
- February 9-18, 2018 Valentine’s Week
- February 10-11, 2018 Women’s Tennis FedEx Cup
- February 11, 2018 Mardi-Gras Parade
- February 23-25, 2018 Asheville Truffle Experience
Make plans now. If you're exploring the area for the first time, ask for our complimentary Asheville relocation information. It's our pleasure to help.