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Bike ride effect: Asheville home prices outpace county

Asheville Home | Buncombe County Real Estate marketFrom 2003-2009, the median sale price for a home outside Asheville but still in Buncombe County was higher than it was inside the city. But the city and the county figures flip-flopped in 2010.                                                                                       

The number of home buyers looking to live in neighborhoods within a reasonable bicycle ride of downtown Asheville reflects more than a desire to be close to a favorite brewpub, says local Realtor Mike Figura.  Demographers and real estate analysts nationwide say there is an increase in interest in urban living in many parts of the country, although there is disagreement about how strong it is and what it means for home sales in suburban and rural areas.

Statistics complied by Figura, head of Mosaic Community Lifestyle Realty, suggest there has been a shift of some kind in the positions of the housing markets inside Asheville and outside city limits...more

Read the entire article here.

Mark Barrett, mbarrett@citizen-times.com

(Photo: John Coutlakis , jcoutlakis@citizen-times.com)

http://www.citizen-times.com/story/news/local/2014/04/27/bike-ride-effect-asheville-home-prices-outpace-county/8336727/

 

 

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