Wednesday, February 25, 2009

National Association of Realtors Existing Home Sales Report

NAR: Existing-Home Sales Fell in January-Existing-home sales declined in January with some buyers waiting to see how details of the economic stimulus package would affect them, according to the NATIONAL ASSOCIATION OF REALTORS®. At the same time, inventories fell to a two-year low.Existing-home sales, including single-family, townhomes, condominiums, and co-ops, fell 5.3 percent to a seasonally adjusted annual rate of 4.49 million units in January from a level of 4.74 million units in December, and are 8.6 percent lower than the 4.91 million-unit pace in January 2008.


Lawrence Yun, NAR chief economist, said there was understandable hesitation by some home buyers. “Given so much stimulus package discussion in January, some would-be buyers simply sat out for clarity and certainty on the nature of housing stimulus,” he said. “The housing market will soon get a lift from very favorable buying conditions—not only from improved affordability, but also from the stimulus of an $8,000 first-time home buyer tax credit, and higher conforming loan limits that will allow more people to tap into .........


Click to see the entire Current National Association of Realtors Existing Home Sales Report.

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Tuesday, February 24, 2009

Asheville Real Estate ranks 49th

Asheville ranks 49th of the 292 Metropolitan Statistical Areas in percent change of house prices according to the Federal Housing Finance Agency report released today. Asheville had a +.58% change for the final quarter 2008, +1.31% change for 2008, and +46.49% change over the last 5 years. To see the full report click Federal Housing Finance Agency report.

Excerpt from the report:

RECORD HOME PRICE DECLINES IN FOURTH QUARTER; ISOLATED POCKETS OF STRENGTH

WASHINGTON, DC – U.S. home prices posted record declines in the fourth quarter of 2008 according to the Federal Housing Finance Agency’s House Price Index (HPI). The FHFA seasonally-adjusted purchase-only house price index, based on data from home sales, was 3.4 percent lower on a seasonally-adjusted basis in the fourth quarter than in the third quarter. This decline was greater than the 2.0 percent decline in the third quarter and the largest in the purchase-only index’s 18-year history. Over the past year, seasonally-adjusted prices fell 8.2 percent from the fourth quarter of 2007 to the fourth quarter of 2008.


For more sales data on the Asheville Real Estate Market click Asheville Home Sales Data.

For information on Staging Homes in Asheville go to StagedHomesofAsheville.
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Saturday, February 21, 2009

Asheville Real Estate-The Total Market Overview 2-21-09

Number active listings, number pending listings, pending ratio, closed listings, days on market, average list price, average sold price, etc. It is all broken down by price ranges. Click to see the Greater Asheville Report and additional reports for Fairview NC, Mars Hill NC, Waynesville NC, Arden NC, Swannanoa NC and Leicester NC.

Want more numbers? Go to Asheville Home Sales Data.

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Monday, February 16, 2009

Asheville Real Estate Report January 2009

Asheville Home Sales Report January 2009

Data is from the 5 county WNC Regional MLS system and represents total home sales in Buncombe, Madison, Haywood, Henderson and Transylvania counties.

-------------------------------Jan 08----Jan 09 -------Difference

Single-Family Homes Sold____302_____187_______ -38%

Average Days on Market_____118_____146_______ +24%

Average Selling Price_____271,642___252,661_______ -7%

Median Selling Price_____215,000___195,000_______ -8%

Average List Price______289,983____283,838_______ -2%

Median List Price______226,000____209,700_______ -7%

Tot. Sales Price Vol___82,035,879__47,247,599____ -42%

"Home Sales" and "Total Sales" both refer to single family homes ranging from one to more than 4 bedrooms.

For more sales data go to Asheville Home Sales Data.

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Sunday, February 1, 2009

January 2009 Asheville Real Estate Numbers

January 2009 Asheville Real Estate Data Per WNCRMLS as of 1-31-09

----------------------------2009------------2008------------Difference

Homes Sold----------------163-------------302--------------- -46.0%

Dollar Volume-----$41,870,191----$82,035,879----------- -48.9%

Avg. List Price-------$290,084--------289,983-------------- +0.03%

Avg. Sell Price--------$256,872-------$271,642-------------- -5.44%

Med. List Price-------$199,900-------$226,000------------- -11.5%

Med. Sell Price--------192,000-------$215,000------------- -10.7%

AVG Days on Market------145-------------118-------------- +22.9%

Recent Home Sales in Your Neighborhood-click and type in your address.
Homes on the Market in Your Neighborhood-click and type in subdivision name.
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