No Comments

Home Values on the Rise.

Home Values are on the rise in Buncombe County and surrounding areas.

Just in case you haven’t watched the news, read a news article or even been on social media in the last few months.

According to the Ruiz Report prepared by Zacory Ruiz for Keller Williams Professionals;
In Buncombe County in April the average sales price of a home  is $119,000 higher than last year in April 2020.  Homes valued between $0-199,000 sold the fastest, averaging 57-days, followed closely by homes in the $450-499,000 price range which  sold in 61 days on average. 

The average days on market is 5 days, down 75% from last year.  The current average sales price in Buncombe County is $489,712 which is up 32% from last year. 

Right now the inventory is at 1.1 months, down 69% from 2020, what is Inventory? Inventory represents how long it would to deplete the marketing assuming  no new inventory is purchased or put on the market. A Balanced Market is when the inventory is between 5-7 months, right now we’re in a Seller’s Market. 


According to REALTOR.com in the United States, home prices are up 17% over last year with one in 10 sellers expecting to get double what they paid for their homes when they purchased it.  


Why is this happening?George Ratiu an economist at Realtor.com says that “Low mortgage rates and a lock of available homes for sale have created a strong seller’s market.”  The other change is working from home or remote working, you don’t necessarily have to live near your job.  With all of these factors it gives the current homeowners the upper hand when listing their homes for sale. 


If you would like more info on Home Value and the Real Estate Market in Buncombe County and Surrounding areas email Jim at email@JimBuff.com or give us a call at (828) 771-2310. 

No Comments

Buff Team Open Houses!

 

The Jim Buff Team will be hosting two Open Houses this Sunday, October 29th from 1-3pm in Leicester, NC. They will be hosted by two of the Buff Team Brokers. Elizabeth Akins will be hosting an Open House at 1336 Alexander Rd in Leicester & Tamra Fore will be hosting an Open House at 102 Old Newfound Rd in Leicester.  These properties are just minutes from each other so make sure to check them both out.

1336 Alexander Road in Leicester NC is currently listed for $469,000. This property a spacious 3 bedroom, 3 bath home on 1.05 acres. This immaculate home boasts a beautiful master suite, with large walk-in closets and a bathroom that is spa like and luxurious. Two out of three bedrooms and bathrooms are on the main level, the additional bedroom and bathroom are in the basement and situated as a guest suit that would be perfect for visiting family or friends- it even has a separate entrance and it’s own 1-car garage. Speaking of garages this house doesn’t lack in garage space. There is an attached 2-car garage on the main level, the 1-car in the basement then, yes there is more, there is a detached 3 car garage plus an additional RV garage. There is tons of storage in the house, the main level is bright and sunny. There’s a covered front porch, rear deck and patio both so plenty of room for outdoor entertaining.  1336 Alexander Rd is a must see!

102 Old Newfound Rd is currently listed for $269,000, This is a sweet move in ready home in a convenient Leicester location. This three bedroom home has the master bedroom on the main level and the additional bedrooms are on the 2nd level. The Master bedroom has a sizeable walk-in closet. This home has a fenced backyard with a firepit to enjoy on the cool WNC evenings. The additional two bedrooms upstairs have tall 8 foot ceilings. The home comes with an AHS Home Warranty.

 

If you’d like to see either one of these homes before the Open House on Sunday October 29th, from 1-3pm, call (828) 771-2310 to schedule a private viewing.

 

The Jim Buff Team