When you ask about the Market conditions, I have to ask which one and what time or date. In other words the market changing daily and hourly. I have found the best way to judge what's going on is to take into account the number of homes on the market vs the number of sales or pending sales. If there are a lot of homes on the market then it's a good market for buyers whether they have to sell or not in order to buy. When there are not a lot of homes on the market then it's good for sellers. Basic supply and demand.

Sun May 18 2008, 09:32

Hi Sara

41 properties have sold in that price range in your zip this year - cut and paste this link to see them:

http://www.wncrmls.com/wnc/maildoc/b005DK2084.html

Our market is still relatively strong compared to many. I have worked in the DC, FL and CA markets and it is tough to see what is happening there. However, whatever happens nationally and internationally has a ripple effect on other markets - it all just depends on how big the ripple is. Houses are taking longer to sell and sellers are being more realistic with their prices. It's hard to generalize as each part of the market acts in a different way. In the main, homes in the 200-300 range are still moving, especially if they are staged well and priced appropriately. I hope this helps. Of course, I would be happy to do a more in-depth analysis of your neighborhood and your home. Rowena Patton, Patton Property Group @ Keller Williams. 828 669 6671

Tue Apr 15 2008, 04:41

Sara,
Well actually we had a question about Biltmore Lakes subdivision yesterday. A new area like that close to you can have several affects depending on your home in comparison. Asheville is a great town and a definite draw for out of town buyers. What I would have to look at in listing a home there is to make sure that you find out who your target market would be and make sure that is where the marketing is aimed. The market in Asheville is still strong as far as the draw to the area for people relocating. Many moving to the area are 55 and up looking for a retirement get away or the younger generations moving for the city and its attributes. If you are seriously thinking of selling then interview several local realtors and keep in mind what I said about the target markets. Homes for sure in Asheville can be for certain types of buyers. For example over in the Kenilworth area and Biltmore you have the older homes that appeal to the classic, traditional and craftsmen taste. While in some places outside and in new construction you see a more modern twist. Each is suited to different buyers it is all about targeting those markets.

I hope this was helpful if you need any help or have any other question just drop me a line.

Larry Story
Coldwell Banker Triad
larry.story@coldwellbanker.com

PS how long have you lived in Asheville?

Mon Apr 14 2008, 20:09

28806..I'm very close to Biltmore Lake. Not in that subdivision, but maybe a mile away or so, Asheville mailing address.

Mon Apr 14 2008, 18:53

Sara,
The Asheville market is good what area are you in. I use to live in Skyland and then Biltmore. Some of what you market is also is determined by what is going on around you in a localized sense. The price range is not always as important as the location. So if you let me know where in Asheville you are I can better tell you what is going on there.

Larry Story
Coldwell Banker Triad

Mon Apr 14 2008, 18:44