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.

Click for more information on the Asheville Real Estate market.
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For information about Home Staging in Asheville go to Staged Homes of Asheville
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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.
Click here for more Asheville Home Sales Data.
Visit the Asheville Real Estate website.
Home Staging Myths

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Monday, January 12, 2009

Asheville Real Estate Market Report December 2008

Asheville Real Estate Market Report December 2008

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Data is from the 5 county WNC Regional MLS system and represents total home sales in Buncombe, Madison, Haywood, Henderson and Transylvania counties.
WNCR December 2008 Home Sales Report


Percentage Changes 2008 vs 2007
Homes Sold __________-31.40%
Avg Days on Market ____+38.94%
Avg Selling Price _______-10.30%
Median Selling Price ____-17.35%
Total Sell Price Volume __-38.67%


December 2007--------------- -Sales December 2008 Sales
Single-Family Homes Sold 476 ---Single-Family Homes Sold 327
Average Days on Market 113 -----Average Days on Market 157
Average Selling Price 277,971 -----Average Selling Price 248,151
Median Selling Price 231,098 -----Median Selling Price 191,000
Average List Price 288,784 -------Average List Price 264,277
Median List Price 231,098 --------Median List Price 209,900
Sell Price Volume 132,313,978 ----Sell price volume 81,145,392

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December 2008 Asheville Home Sales Data
Sales Trend Report - 2008 Residential sales trend indicator. Sales by price range and type.
Active Listings Report - Residential active listings as of month end.
Percent Sold Report - Listings sold divided by listings active as of month end.
Sales History by Type Report - 5 year residential inventory history by type.
Sales History Report - 5 year residential sales history.
Sales Medians Report - 5 year residential median price by type.
Active Listings Spreadsheet-Excel Spreadsheet with 5 years of data on Active Listings.
Closed Listings Spreadsheet-Excel Spreadsheet with 5 years of data on Closed Listings.
For more sales data go to Western NC Regional MLS Home Sales Statistics. 828-775-3288
jim@jimcottam.com

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A few of the cities near Asheville
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A few of the neighborhoods in South Asheville

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Home Staging by a professional is a service that your Realtor should be providing for you. For more information about Home Staging in Asheville go to:
http://www.stagedhomesofasheville.com/
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Thursday, December 18, 2008

Asheville Home Sales Data for November 2008

It is easy to become disheartened about the current conditions in the Asheville Real Estate Market if you are trying to sell a property, but we are in much better shape than most areas of the country. Prices have held up relatively well for those properties that are selling. On the buyer's side, if you have excellent credit or cash it is a good time to start looking for investment/rental properties or think about purchasing that larger home.



WNCR November 2008 Market ReportPercentage Changes 2008 vs 2007
Homes Sold -50%
Avg Days on Market +15%
Avg Selling Price -2.5%
Median Selling Price -6.2%
Total Sell Price Volume -51%


November 2008 Asheville Home Sales Data

Sales Trend Report - 2008 Residential sales trend indicator. Sales by price range and type.
Active Listings Report - Residential active listings as of month end. 2008 begins on page 5.

Percent Sold Report - Listings sold divided by listings active as of month end. 2008 begins on page 5

Sales History by Type Report - 5 year residential inventory history by type. Residential(single family), condo, townhouse, etc.

Sales History Report - 5 year residential sales history.

Sales Medians Report - 5 year residential median price by type. Residential, condo, townhome, etc.

Active Listings Spreadsheet

Closed Listings Spreadsheet

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