As more of the U.S. population settles into working remotely, real estate migration patterns are shifting. So-called “Zoom Towns” – places that boast urban amenities, access to nature, and a lower cost of living than larger cities – are experiencing an influx of interest. Asheville is one such town, as many people from major metropolitan areas who can now work remotely consider the popular Western N.C. mountain destination as a place to call home.

A pandemic-prompted work shift

After the coronavirus pandemic sent many American workers into remote-only mode, one survey by MIT researchers estimated the share of virtual workers in the U.S. quadrupled to nearly 50% of the workforce. An Upwork Future Workforce Report, which polled 1,500 hiring managers, found that 56% of hiring managers felt the shift had “gone better than expected,” with more than 60% noting their employees will be working remotely moving forward. 

Remote employment is also spurring homeowners to take a closer look at workspace possibilities in their potential home. Factors that best support remote working situations, such as Internet connectivity, home size and affordability, and urban amenities, place many Southern cities, including Asheville, in a desirable position.

Low interest rates

At the same time that migration patterns are accelerating interest in Asheville, low interest rates are driving buyers who have been waiting for just the right moment to make a move. 

According to Freddie Mac, September logged the lowest rates ever, with an average 30-year fixed rate of 2.86%. Rates aren’t expected to rise much anytime soon either: A survey by the Mortgage Reports of Fannie Mae, Freddie Mac and the Mortgage Bankers Association found the 30-year fixed rate mortgage is likely to average 3.18% through 2020. 

Asheville home sales

Recent home sales in Asheville lend validity to the “Zoom Town” migratory trend. During the third quarter, home sales in Asheville showed a strong uptick, with 457 home sales in the city and 952 home sales in Buncombe County.  The county had the highest number of home sales per quarter by 16%, and the city had its second-highest quarterly home sales.  This was a sharp departure from the second quarter, where there were fewer sales happening because of the initial COVID-related slowdown in both demand and supply.

If you’re interested in relocating to the Asheville area or Western N.C., or listing your Asheville-area property, contact us at Info@MyMosaicRealty.com, or call us anytime at 828-707-9556.

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Waynesville, Haywood County's biggest town with about 10,000 residents, has been a favorite North Carolina mountain retreat since the early 1800s. The reasons for its popularity back then – cool, clean air and water and spectacular scenery – still exist today, but add to its modern allure a quaint, urban charm, a walkable shopping district, a vibrant farm-to-table restaurant and craft beer scene, and amazing proximity to exhilarating outdoor activities.

Waynesville sits about 25 miles west of Asheville, off of I-40, between the Great Smoky Mountains and the Blue Ridge Mountains. The town of Waynesville was founded in 1810 by Colonel Robert Love, a Revolutionary War soldier. He donated land for the courthouse, jail and public square, and named the town after his former commander in the war, General “Mad” Anthony Wayne. Waynesville boasts a number of historic places, including the Boone-Withers House, the Haywood County Courthouse, the Dr. J. Howell Way House and the Masonic Hall, among many others.

Home styles in Waynesville run the gamut, from rustic log cabins to majestic mansions to compact townhomes. Many properties come with plenty of acreage ideal for spreading out and soaking in the beauty of Waynesville’s natural surroundings. Waynesville is part of the Haywood County Schools system. Residents also have access to a handful of private parochial schools.

Downtown destinations

Downtown Waynesville's restored historic buildings and brick sidewalks are the perfect backdrop for browsing the town’s many specialty stores, galleries and antique shops. And when you’re ready for a bite (or a beverage), there is no shortage of restaurants, coffee shops and breweries. There is plenty of free parking along Wall Street (parallel to Main Street).

Waynesville is home to a number of annual festivals: Folkmoot U.S.A. (July) is a 10-day celebration of world dance and music with performers from around the globe. Church Street Art & Craft Show (October), a popular juried art show, also features mountain music, clogging, entertainment and food. Apple Harvest Festival (October) celebrates all things apple – think cider, fried pies and donuts – and showcases mountain music, dance, craft and demo booths. 

Nearby outdoor adventures

Maggie Valley, just 8 miles from Waynesville, is home to lots of fun winter destinations, including Cataloochee Ski Area and Tube World. Lake Junaluska, just 3 miles away, offers the perfect spot to spend a Saturday. There are 13 peaks above 6,000 feet in Haywood County, including the famed Cold Mountain. Take a scenic drive along the Blue Ridge Parkway to waterfalls, hikes and camping destinations. The Pigeon River section of the Great Smoky Mountains is home to plenty of outdoor adventures, including ziplining and whitewater rafting. 

Waynesville NC real estate

For these many reasons, you can see how Waynesville makes for a lovely place to live. For more information about real estate in Waynesville, or anywhere in the Asheville area, contact us at Info@MyMosaicRealty.com, or call us anytime at 828-707-9556.

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As people around the country consider relocating to areas with more space and less density, Asheville continues to attract attention as the ideal balance of city and country. Thinking of making a move to Asheville, but wondering about employment and business opportunities? The Asheville area is lucky to have both low unemployment and strong [...]