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Asheville Second Quarter Real Estate Report 2015

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tech <p> </p> <p> </p> <p class="p1"><span class="s1">Asheville set a record this year, as of June 30, the median home price within the city was $235,000, beating the 2007 high of $229,000.</span></p> <p class="p1"><span class="s1">During 2015’s first quarter, a lot of (the lower-priced) houses were snatched up. Sellers have the ability to be more patient because they're more confident that they can make a profit, or at least recoup what they spent when they bought it.</span></p> <p class="p1"><span class="s1">Attempts to make as much money as possible also could be a contributing factor to the increase in inventory in the second quarter for homes priced at $500,000 and lower, Figura said.</span></p> <p class="p2"><span class="s1">Average days on the market within the city limits is another metric that shows the popularity of Asheville.</span></p> <p class="p2"><span class="s1">That figure dropped to 110 days, as of June 30 — the lowest it's been since 108 in 2008, he said. That number was 127 during the first quarter.</span></p> <p class="p2"><span class="s1">And the June 30 measure might be inflated due to a 2010 change in the way the North Carolina Real Estate Commission defined "on the market.”</span></p> <p class="p2"><span class="s1">Prior to the change, any home under contract was considered off the market, but after the change, the commission added the due-diligence period that occurs during the contract period, shifting everything up by 20 to 25 days.</span><span style="font-size: 0.7em; line-height: 1.3;"> </span></p> <p class="p2"><span class="s1"><img alt="Asheville Real Estate Report Second Quarter" class="featured featured" src="https://s3.amazonaws.com/files.usmre.com/5837/blog/shutterstock_106230461.jpg" style="width: 600px; height: 429px; margin: 5px; float: left;"></span></p> <p class="p2"><span class="s1"><b>Notable numbers in Asheville and Buncombe County real estate</b></span></p> <p class="p1"><span class="s1">• $235,000: Median home sale price in city of Asheville this year as of June 30 — a record.</span></p> <p class="p1"><span class="s1">• $345,900: Median asking price of all homes, condos, townhouses and mobile homes this year as of June 30, in Asheville and Buncombe County — a record.</span></p> <p class="p1"><span class="s1">• 270: Number of homes on the market in the city of Asheville during second quarter.</span></p> <p class="p1"><span class="s1">• 222: Number of homes on the market in the city of Asheville during first quarter.</span></p> <p class="p1"><span class="s1">• 110: Average days on the market this year for homes in the city of Asheville — the lowest since that figure hit 108 in 2008.</span></p> <p class="p1"><span class="s1">• 127: Average days on the market for homes in the city of Asheville during first quarter.</span></p> <p class="p1"><span class="s1">• 417: Number of homes sold during June in Asheville and Buncombe County — the most since August 2006, when 418 sold.</span></p> <p class="p1"><span class="s1">• 280: Number of homes sold during May in Asheville and Buncombe County.</span></p> <p class="p1"><span class="s1">• 455: Number of homes sold during June 2006 in Asheville and Buncombe County — the one-month record.</span></p> <p class="p1"><span class="s1">• 8.7: Percentage of homes during June that sold at or above the asking price.</span></p> <p class="p1"><span class="s1">• 13.5: Percentage of homes during June 2014 that sold at or above the asking price.</span></p> <p class="p1"><span class="s1">• 6.5: Percentage of homes that sold at or above the asking price this year through June 30.</span></p> <p class="p1"><span class="s1">• 11.3: Percentage of homes that sold at or above the asking price in 2014.</span></p> <p class="p1"><span class="s1">• $200: Median price per square foot for "green" homes sold during the last 12 months — a record.</span></p> <p class="p1"> </p> <p class="p1"><span class="s1">View Full Article in Asheville Citizen Times: </span></p> <p><a href="http://www.citizen-times.com/story/money/business/2015/07/24/housing-market-sets-records/30613967/"> http://www.citizen-times.com/story/money/business/2015/07/24/housing-market-sets-records/30613967/</a></p> <p> </p>

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