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Christie Kafka

When It Comes to Real Estate, Green Is Growing in the Asheville Area

Finding a Green Built Home in Asheville NCFor those real estate clients looking to go green, Asheville and the surrounding areas are prime players in the movement. The marketplace of green homes has grown over the last 15 years, as an increasing number are built and certified. From purchasing an existing GreenBuilt Certified or Energy Star Certified home, to building your own certified green home, to retrofitting an existing property to make it more sustainable, there are plenty of opportunities to go green in the Asheville real estate market.

Asheville’s Green-Home Gains

In 2006, there were only 16 green-certified homes sold in the Asheville Metropolitan Statistical Area (comprising Buncombe, Haywood, Henderson and Madison counties); in 2020, that number increased to 138. While the vast majority of those sales were concentrated in Asheville, specifically West Asheville, the overall number of green-certified homes is growing across Western N.C. (This article by Mosaic founder Mike Figura offers an in-depth look at Asheville’s green-home market.)

By price range, green-home sales run the gamut. According to Canopy MLS, 6.5% of green-home sales in 2020 were under $250,000; 42% were between $250,000 and $500,000; and 42% were between $500,000 and $750,000.  Only 9.5% of green-home sales were over $750,000. 

Green Homes Asheville MSA ChartHow to Go Green in Asheville

Whether you’re buying or building a green home, or retrofitting an existing home to make it greener, there are a number of sustainability features to keep in mind:

·     Healthy Site/Landscape: erosion control and preservation of existing trees

·     Water Efficiency: use of high-efficiency irrigation and plumbing fixtures to reduce water bills

·     Building Envelope: use of high-efficiency windows and insulation to reduce energy bills

·     Heating/Cooling Systems: use of high-efficiency equipment and sealed air ducts to increase comfort

·     Appliances/Lighting: use of Energy Star appliances and lighting to reduce utility bills

·     Healthy Indoor Air Quality: use of non-toxic finishes and methods to minimize moisture

·     Materials: use of durable local and recycled content materials for minimal maintenance

Asheville Green Homes SearchWhen it comes time to shop for a green home in the Asheville area, there are plenty of GreenBuilt Certified or Energy Star Certified homes – but of course you’re not limited to those official designations, especially if you are targeting a specific location or price range. You can look for homes that may not necessarily be certified, but still carry many beneficial green features, such as sustainable and locally sourced materials, efficient design, and environmentally sound landscaping. 

Mosaic Realty’s “Green Homes” quick search reveals green homes across the Asheville area’s entire inventory of available properties, making your sustainable-home hunt easy. For more information on green homes in Asheville and Western N.C., please contact us at Info@MyMosaicRealty.com, or call us anytime at 828-707-9556.

Search: Green Homes in the Asheville/Buncombe County

Read More About the Green Homes Market: Green Built Alliance's Green Homes Market Update

Chart reflects median closed price and number of homes sold for green homes in the Asheville MSA for the last 10 years.  Source: Canopy MLS.

 

Asheville in Autumn Is Ripe With Scenic U-Pick Farms

Apple Farms Asheville AreaWith autumn upon us, it’s the perfect time in Western North Carolina to join in area fall harvests. Picking apples, pumpkins, grapes and the like is a fun activity for both young and old, and the Asheville area is ripe with scenic spots for such seasonal harvesting. Following are a few u-pick destinations to spend a fun-filled fall afternoon.

·     Jeter Mountain Farm – This working farm 25 miles south of Asheville in Hendersonville is famed for u-pick apples, but they also offer u-pick sunflowers, blackberries, raspberries and blueberries (in season). There is a large kids play area, cider and apple cider doughnuts to enjoy after an afternoon of picking.

·     Sky Top Apple Orchard – This Flat Rock orchard (30 miles south of Asheville) has an assortment of apples for picking (check their web site for a picking schedule). Set against a scenic backdrop of mountains and ponds, Sky Top also features sheep, goats, chickens and turkeys in their barnyard, as well as farm tours and hayrides.

·     Stepp’s Hillcrest Orchard – If you’re looking for u-pick grapes, pumpkins and apples, check out this Hendersonville orchard. When you’re done harvesting, enjoy fresh apple cider, doughnuts and other goodies from their country market.

·     Justus Orchard – This fourth-generation orchard and farm in Hendersonville offers u-pick and we-pick apples, blackberries and pumpkins. Come for the picking, stay for the fun of farm animals, a country store and a bakery.

Flower Farms Asheville AreaFor those of us not quite ready to let go of summer, transitioning into fall is easier with a late-season visit to one of the area’s u-pick flower farms. 

·     Flying Cloud Farm – This Fairview farm (19 minutes from Asheville) allows guests to pick their own flowers from June through October, for $10 a cup (cups and small scissors provided).

·     The Never Ending Flower Farm – Never Ending, 20 minutes north of Asheville in Big Ivy,  continues to offer u-pick opportunities through late October or frost, whichever comes first. Operating on an honor system, the farm provides instructions, vases/buckets, pruners, and several methods for self-payment.

For information about real estate in the Asheville area, contact us at Info@MyMosaicRealty.com, or call anytime at 828-707-9556

Search: Asheville Area Real Estate

Mosaic Realty Sponsors Sensational Season of ‘Wortham Center Presents'

Asheville Mosaic Realty Performing ArtsAsheville’s Wortham Center for the Performing Arts – located in the heart of downtown’s Pack Square Cultural District – will soon kick off its “Wortham Center Presents” 2021-22 season. The ever-popular annual season of national and international touring artists offers live and virtual performances, bringing the best in music, dance, theatre and special attractions. Mosaic Community Lifestyle Realty, a longstanding Supporting Corporate Sponsor of the Wortham Center for the Performing Arts (alongside JAG Construction), is proud to lend its support to a number of “Wortham Center Presents” shows in this season’s lineup.

Eclectic performances

Slated for this season’s “Wortham Center Presents” are a range of entertaining artists performing everything from physical comedy to spirituals to world-influenced music:

·     A Swannanoa Solstice – A beloved local holiday tradition, A Swannanoa Solstice celebrates 19 years of delighting Western North Carolina audiences with a world-class display of folk to usher in the winter season.

Mosaic Realty Sponsors Wortham Arts·     American Spiritual Ensemble – With a mission to keep the American Negro spiritual alive, the group’s live performances —combining the singers’ talents with an accompanist and an African drummer —range from spirituals to jazz, dance and Broadway numbers.

·     The Opera Locos – Five eccentric opera singers take the stage for a fun evening of physical comedy, combining some of the most well-known operatic hits with a bit of clownery.

·     Ian Sherwood – Dancing the line between folk and pop, the born storyteller and musical innovator captivates his audiences with a display of impressive guitar work, witty banter and sensational songwriting.

·     God Is a Scottish Drag Queen – The work of acclaimed Canadian comedian Mike Delamont, “God” descends to Earth to let off some steam —and, in the process, skewers everything from Justin Bieber to the Pope.

Mosaic Realty Gives AshevilleThree venues in one

The Wortham Center for the Performing Arts is a three-venue complex comprising Diana Wortham Theatre, Tina McGuire Theatre and Henry LaBrun Studio. There is convenient off-street parking and numerous downtown restaurants within a block of the center. The Wortham Center for the Performing Arts is a 501(c)(3) non-profit charitable organization.

Masks are required for all patrons and visitors at all events regardless of vaccination status. In addition, proof of full vaccination against COVID-19 or proof of a negative lab-conducted COVID-19 test taken within 48 hours of the performance is also required.

For more information on the Mosaic-sponsored shows at the Wortham Center for the Performing Arts, visit https://www.worthamarts.org.

Learn More: About Mosaic’s Donations and Volunteer program

 

 

 

Mosaic Realty Strengthens Its Support of Local Solutions to Climate Change

Mosaic Realty Carbon Neutral Real EstateNot only are Mosaic Community Lifestyle Realty agents Asheville’s green real estate experts, but Mosaic was built on a solid foundation of sustainability and environmental values. The first real estate agency in North Carolina to obtain a carbon neutral status, Mosaic continues its mission to support local solutions to climate change by having a long tradition of partnerships with such area environmental organizations as Asheville GreenWorks, MountainTrue and Green Built Alliance.

Action across Asheville

From its inception, Mosaic has operated on the triple-bottom-line principle of People, Planet and Profit, measuring success based on those categories. Taking action on a local level with partnerships like the one it has with Appalachian Offsets – a Green Built Alliance program aimed at helping individuals and businesses offset their carbon footprint – allows Mosaic to address head-on one of the greatest threats to our planet, climate change.

A recent installation of solar panels at Isaac Dickson Elementary School, led by Appalachian Offsets, is just one such project Mosaic has helped to underwrite. More environmental projects partially funded by Mosaic in partnership with Appalachian Offsets are coming down the pipeline later this year.

Asheville Carbon Neutral CompanyAchieving carbon neutrality

To reach carbon neutrality, an individual or business must achieve a state in which the net amount of carbon dioxide is reduced to zero because it is balanced by action to reduce or offset these emissions.  In order to participate in Appalachian Offsets, all of Mosaic’s agents have committed to paying a yearly sum reflective of their part of carbon emissions for the company. The funds collected benefit a local nonprofit, school or affordable-housing provider needing an energy-efficiency upgrade.

In addition, to help Asheville become a carbon neutral community, Mosaic agents working with buyers connect their clients to services for home energy efficiency improvements. Connecting new residents to some of the area’s invaluable resources and programs is an ideal introduction into Asheville’s environmentally aware community.

For more information on Mosaic’s environmental contributions, or for more information on homes in the Asheville area, please contact us at Info@MyMosaicRealty.com, or call us anytime at 828-707-9556.

Learn More: About Mosaic Realty

Learn More: About Appalachian Offsets

 

Higher-Learning Institutions That Call Asheville and Western N.C. Home

Mars Hill UniversityAsheville and the Western North Carolina region are home to a number of institutions for higher learning. From technical colleges to four-year private universities to continuing education offerings, there are many options for students to pursue a wide range of studies. 

University of North Carolina at Asheville – Part of the 16-campus UNC system, the University of North Carolina at Asheville offers classes toward more than 30 majors. The campus, just one mile north of downtown Asheville, serves more than 3,300 undergraduate students. The only designated liberal arts institution in the UNC system, UNCA routinely receives high marks for innovation and is ranked among the best liberal arts colleges in the country.

Warren Wilson College – Just 10 miles east of Asheville in Swannanoa, Warren Wilson is a four-year, private liberal arts institution known for a curriculum that combines academics, work and service: Each of the 900 annual students must complete a requisite course of study, work a job on campus, and contribute community service.

Western Carolina University – Part of the UNC system, Western Carolina (located 52 miles west of Asheville in Cullowhee, N.C.) has more than 9,000 students. The university has an Asheville instructional site in Biltmore Park Town Square, which focuses on professional and graduate degrees for working students.

Asheville-Buncombe Technical Community College – This public, two-year community college near downtown Asheville boasts five academic divisions, including business & hospitality, engineering, and health & public service. It has 9,000 annual students, with an extensional enrollment of more than 17,000.

Colleges Universities in the Asheville AreaBrevard College – Nestled in Brevard, N.C., 33 miles southeast of Asheville amid the lushness of Pisgah National Forest, this private liberal arts institution has 700 students studying toward Bachelor of Arts and Bachelor of Science degrees in an experiential setting. Brevard College is famed for its fine arts and music contributions to the community.

Mars Hill University – This private liberal arts institution, 15 miles north of Asheville in Mars Hill, N.C., offers five degrees (bachelors in arts, science, music, fine arts or social work) and more than 30 majors. Around 1,600 annual students attend Mars Hill, which has received high marks in U.S. News and World Report’s annual survey of the country’s best colleges.

Montreat College – This private, four-year liberal arts Christian college has three campuses – in Black Mountain, Asheville and Charlotte – in addition to its primary campus in Montreat (19 miles east of Asheville). Along with traditional four-year degrees offered to 450 undergrads, Montreat College offers adult studies programs and courses in team and professional development.

To learn more about the Asheville area or real estate in the our area, contact us at Info@MyMosaicRealty.com, or call anytime at 828-707-9556.

Search: Asheville Area Real Estate

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Meet Mosaic's LeAnn Bound: A Passion for Playing In – and Protecting – Asheville's Great Outdoors

LeAnn Bound Asheville Green Real EstateA love of the outdoors, nature and the environment has informed many facets of Mosaic agent LeAnn Bound’s life in Asheville. On a personal level, taking advantage of all of the natural beauty and outdoor adventure Asheville has to offer is what Bound and her family love about the area. On a professional level, creating a residential green building company has allowed Bound to bring her environmental vision to life. 

Tell us about your background. What brought you to the Asheville area? 

I was born and raised in Florida. I moved to Asheville in 2000, thinking it would just be a pit stop on my way out west. But I fell in love with Asheville’s beauty and charm, outdoor activities, and amazing, friendly people. It was still a small mountain town. It felt like home as soon as I arrived, and I grew roots quickly.

Throughout the years I have lived in downtown Asheville, North, East, West and Fairview, and I love all the different parts of the city. Currently, my family lives on nine acres in Fairview. We built a simple cabin to take advantage of the views and property. My husband and son cut in our very own biking and hiking trails. We love having farm animals and gardening. 

How does living in the Asheville area lend itself to sports, athletics and outdoor adventures for the whole family?

The Asheville area is perfect for my very active family. There’s easy access to so many outdoor activities and sports. We love sports for every season. We are avid mountain bikers and love running and hiking on many of our local trails. We can be found kayaking, paddle boarding, skiing and snowboarding. 

My daughter, Rell, plays competitive soccer, and my son, Jack, is a Cat1 Downhill Mountain Biker. His races take him around the world. With our many moves around town, my children have been in Asheville City Schools, Buncombe County Schools and homeschooling. We have tried them all.

Describe the inception of your company, Greencraft. How did you become interested in green building? And what drew you into real estate?

My husband, James, and I started Greencraft, a residential green building company, in 2004. We have been active members of the Greenbuilt Alliance and Asheville Home Builders Association. Greencraft has participated in Green Home tours and the Asheville Home Builders Parade, and we’ve won awards for our green-certified homes, with over 65 homes built and over 41 certified green homes throughout the Asheville area. Building green was important to both my husband and me for environmental impact reasons, economic savings for the owner, and for the health of the family living in the home. You notice a clear difference in a healthy-built home. 

LeAnn Bound Asheville Little BellasMy passion for real estate started with Greencraft, first helping find and develop land, and market properties to sell, then quickly moving into helping buyers and sellers with all their home needs. It is such a thrill to help someone find their forever home, make a great return on their investment or help a builder with the details of building their next spec home. I pride myself on finding a property that might not be on a buyer’s radar that becomes a perfect fit, or selling a property with a unique marketing plan that exceeds my client’s expectation. My focus has always been quality over quantity and that every person and price point deserve million-dollar service.

I have been a licensed NC RE since 2014. I’m a Certified Luxury Marketing Specialist, a Strategic Pricing Specialist, and I have earned the NAR Green Designation.  I have been a member of AHBA and Greenbuilt Alliance since 2007.

What are some of your passions, especially as they relate to the Western N.C. area?

My passion project is getting more girls on bikes. For the last four years, I have volunteered as a mentor for Little Bellas, a mountain bike organization whose goal is to help young women reach their fullest potential. Our goal is to create an experience where girls are having fun on their bikes. Little Bellas is a non-competitive program that offers weeklong half- and full-day camps, weekly program sessions, and event camps for girls ages 7 to 18 years old. The mentoring model allows girls to have fun on trails and play games in an uninhibited environment that encourages them to be themselves. We strive to help girls find a sense of empowerment and self-confidence through interacting with positive mentors, conquering obstacles, and mastering a skill.

I have been part of the Women Build Habitat for Humanity House, and with my kids, I have volunteered for Manna Food Bank, packing lunches and weekend bags for kids in need. I have also adopted Garren Creek Road through the NCDOT Adopt-a-Road program, and started an annual trash cleanup. 

Which neighborhoods and areas around Asheville and Western N.C. do you see the most growth happening?

I see a huge uptick in interest in areas like Marshall and Old Fort. Both areas have businesses uplifting areas and providing a central location for commerce again. Both areas are close to mountain biking, rivers or lakes. These markets are still more affordable, which might help some folks who are priced out of the Asheville and Greater Asheville area. 

Learn More: About LeAnn Bound

Want a Splashier Bathroom? Take Note of These Renovation Trends

Floating Vanity Bathroom TrendsCreating a bathroom that goes beyond the basics has become a big trend this year, with more and more homeowners seeking spa-like serenity in what was once a strictly utilitarian room. Following are a few renovations that combine form and function to produce bathroom beauty you’ll want to soak in.

Vanity affair

Floating your vanity – so that it is attached to the wall rather than standing on legs – frees up the space beneath, and gives your bathroom a larger, airier feel. Floating vanities come in all sizes and configurations, so that you can go with an entire unit – sink, countertop and cabinets – or separate components to fully customize the look.

Mirrors, in a new light

Replacing mirrors and medicine cabinets is an easy change to make, and one that can modernize your space. This is especially true with backlit mirrors and medicine cabinets. Embedded lighting offers a softer spotlight, and can stay dimmed for use as a nightlight or overall mood lighting. While you’re at it, consider a mirror that steers clear of the conventional right angles – a circular or otherwise uniquely shaped mirror with rounded features takes the edge off and creates a true focal point in the bathroom.

Large Tiles in BathroomsBig on wall tiles

Replace small mosaic tiles with larger wall tiles for a fresh, more modern look. Bonus: Fewer grout lines means they will be easier to keep looking clean. You can tile entire walls, or select sections like backsplashes or showers. Wallpaper is another popular option; use a bold pattern to accent a wall or nook. 

Bathing beauties

Tubs are veering away from the ornate, instead taking on sleek and simple lines. Consider a freestanding, flat-bottom soaking tub. Showers are also simplifying, with many renovations incorporating open showers free of doors and ledges. Such a design gives your bathroom a larger, more accessible feel.

Counters that are tops

A lavish bathroom includes lots of counter space. Consider swapping out an ageing countertop with one made from quartz or another durable, easy-to-care-for material.

Royal flush

Long the most underrated bathroom player, toilets are taking a star turn thanks to tech upgrades. Smart toilets are in high demand, and it’s no wonder: Features include self-cleaning, bidets, heated seats, overflow protection and built-in nightlights.

Warmth, from towels to toes

Homeowners are warming to the trend of heated floors and towel warmers, which add to the comfort of your bathroom in an energy-efficient manner. Radiant flooring offers uniform warmth, and can be customized. For a smaller budget, towel warmers are a luxurious accessory. They are easy to install, and come in a variety of styles, sizes and functionality.

For more information on real estate in the Asheville area, contact us at Info@MyMosaicRealty.com, or call anytime at 828-707-9556

Search: Asheville Area Real Estate

 

 

Get the Best Return on Investment With These Outdoor Home Projects

Outdoor Home Projects that Add ValueWhen making improvements to your Asheville home, it’s important to consider your return on investment. Will the things you add or change be worth the cost, either in energy savings or in added value to your home? Outdoor home projects, in particular, can be an easy way to add value without breaking the bank. Here are some things you can improve about your home’s exterior and landscaping that will give you the best bang for your buck.

Entertainment spaces

Enjoying the outdoors with family and friends is one of the benefits of living in Asheville’s temperate climate. That’s why adding a patio – think stone or brick for longevity and minimal maintenance – or wood porch can boost quality of life as well as home value. Consider including a fire pit for chilly evenings, or take the idea of outdoor entertainment spaces one step further and install a kitchen, complete with gas grill or cooking area and sink. Creating outdoor entertainment spaces allows you to extend your home’s usable space, an attractive addition with a good return on investment when the time comes to sell.

Landscaping upgrades

Good landscaping can be a relatively inexpensive way to boost your home’s value, as well as cut maintenance and energy costs. Placing fast-growing trees in strategic locations in your yard can produce home-cooling shade. Planting perennials, native plants, and quick-spreading groundcover will create an easy-care yard that often doesn’t require as much watering, and can ease erosion. And of course, landscaping adds to curb appeal, boosting your home in the eyes of potential homebuyers.

Yard Projects with Good ROIPrivacy screening is another relatively inexpensive upgrade to add to your yard: Anything from traditional wooden fencing to evergreen trees and tall shrubs will do the trick, creating separation while also adding beauty to your yard. Installing outdoor lighting, for safety or to spotlight particular features in your yard, is another easy and inexpensive way to increase value.

Exterior upkeep

As your home ages, various exterior components will need to be replaced, either for aesthetic reasons or for practical purposes. Upgrading shutters, switching out front doors or garage doors, or sprucing up your home’s exterior with a pressure wash or a paint job are all things that will surely reap a return on investment. If you have a bit more money to invest, consider switching from a wood exterior to a more durable siding: You’ll recoup the costs in the long-term, with less maintenance over time, and increased home value.

For more information on real estate in the Asheville area, connect with us at Info@MyMosaicRealty.com, or call anytime at 828-707-9556.

Search: Asheville Area Real Estate

 

Asheville Area Offers Up Plenty of Great Lake Escapes

Homes for Sale in Lake Lure NCAsheville and the surrounding areas are overflowing with public-access lakes perfect for lazing away an afternoon, enjoying water activities, fishing, hiking or camping. Here are a few favorites:

Lake Lure

Located 26 miles southeast of Asheville, Lake Lure offers the perfect spot for spending the day. Famed as the backdrop for the 1987 film classic “Dirty Dancing,” Lake Lure offers a large, sandy beach with water slides and water games, a change area with bathrooms and snacks, boat tours, and a lakeside greenway, all nestled in the scenic Hickory Nut Gorge. Discover Lake Lure Real Estate.

Lake Junaluska

Situated near Maggie Valley, this compact lake anchored by a spiritual retreat offers boat tours, hiking trails, lakefront hotels and cabins. It’s a quick 28 miles west of Asheville. Discover Lake Junaluska Real Estate.

Fontana Lake

A large lake in Bryson City with more than 200 miles of mostly undeveloped shoreline, Fontana (75 miles west of Asheville) boasts the tallest dam in the Eastern U.S. Visitors can drive or walk the Appalachian Trail across the dam. Boat and houseboat rentals, picnic and cookout areas are available.

Lake James NC Real EstateLake James

This state park near Linville Gorge is popular for its sandy beach, hiking and mountain biking trails, fishing and camping spots, including a boat-in campground. Canoes and kayaks are available to rent at the lake, which is 47 miles east of Asheville.

Lake Glenville

This reservoir near Cashiers (68 miles southwest of Asheville) offers tubing, skiing, paddle boarding, swimming and fishing, as well as a public beach. Pontoons and tritoons are available to rent. Three waterfalls are accessible from the lake.

Lake Santeetlah

Located near the Great Smoky Mountains National Park in the Nantahala National Forest, Santeetlah offers fishing and water activities, as well as a lakeside campground and beach.

Lake Jocassee

This S.C. destination in Devils Fork State Park, two hours from Asheville, boasts clear waters perfect for swimming and scuba diving. Lodging options include RV and tent camping, as well as boat-in camping and lakeside villas.

Steps to Beaver Lake TrailsLake Tomahawk

This nearby lake in Black Mountain (25 minutes east of Asheville) offers a walking trail, fishing, and a swimming pool onsite. Picnic areas and grills are also available.

And for in-town options, check out these spots:

Beaver Lake

This North Asheville lake five minutes from downtown Asheville boasts a partially shaded walking path and a bird sanctuary. While there is no swimming, boating permits are available, as are catch-and-release fishing permits.

Lake Julian

Ten minutes south of downtown Asheville, this Buncombe County park is perfect for boating (daily or annual fee). Visitors can also fish, or enjoy one of the picnic shelters.

Lake Powhatan

This lake and its campground, 20 minutes southwest of downtown Asheville, border Bent Creek Experimental Forest. There is a beach and swimming area (no watercraft of any kind permitted); trout fishing is a popular pastime at the lake. Glamping sites are also available.

For more information on real estate near public-access lakes, or anywhere in Asheville or Western N.C., please contact us at Info@MyMosaicRealty.com, or call us anytime at 828-707-9556.

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Is Now a Good Time To Buy in Asheville?

Now a Good Time to Buy in AshevilleThe last few years have seen an influx of people to Asheville, drawn here by the area’s natural beauty, vibrant culture, and outdoor adventures. If you’re considering a move to the area, you may be wondering if now is a good time to buy in Asheville. According to Mosaic Realty owner Mike Figura, it’s important to understand all the facets of Asheville’s real estate market before making a move.

Migration changes affecting the Asheville area

According to Figura, the country is undergoing major migration changes, driven by a few factors. One is how people work: Obviously, the Covid-19 pandemic has significantly changed the workplace, with many more people able to work remotely.  “This makes places like Asheville a lot more desirable than they have been pre-Covid, where careers were more place-based,” says Figura. 

Another factor is climate change. “There’s an old expression, when you’re in trouble, run for the hills,” says Figura. “What we’re seeing now is a lot of people moving to Asheville for safety and security and quality of life.”

Asheville offers a desirable mix of features that add to quality of life. “We have great restaurants, a music scene, great outdoor activities, and interesting, eclectic people who make it a vibrant city, and it’s no surprise that people are drawn to the area,” says Figura. “We seem to have the recipe for what a lot of people are looking for.”

Demand vs. inventory

Asheville Home BuyingThe migration of people to the area is reflected in recent inventory numbers, a measure of how many homes are on the market relative to demand. “Second-quarter market analysis points to record-low inventory and record-low days on market,” says Figura.

According to Figura, it’s becoming increasingly difficult to build houses now to keep up with demand, thanks to a couple of factors. “One is high construction costs and labor shortages, and the other is we’re pretty land-locked: We’ve got the mountains that surround us, and building subdivisions like a lot of other places do to expand the housing stock quickly is very challenging and nearly impossible to do in Asheville,” he says. “So while we are adding housing stock, we’re doing it more slowly than demand is keeping up.”

Vacation rental growth in the Asheville area

Another factor affecting supply is a lot of Asheville’s housing stock is turning into vacation rentals. “We’re one of the most popular places for AirBnB and VRBO, and a lot of our longer-term rentals are turning into short-term rentals, which is putting pressure on the rental market as well as the for-sale market as we lose some housing stock,” says Figura.

Putting all these factors together means Asheville’s market should remain desirable for quite awhile, according to Figura. “While I always counsel people that housing prices fluctuate and there are no guarantees, it seems like the fundamental indicators are pointing to Asheville as a very solid investment for residential real estate in the time to come” he says.

If you’re ready to buy in Asheville or Western N.C., please contact us at Info@MyMosaicRealty.com, or call us anytime at 828-707-9556.

Search: Asheville Area Real Estate