Michael Zullo

There are a lot of middle class neighboorhoods. View our website and start your own MapTracks based property search. - Mon Jun 30 2008, 22:54

So you've thought about moving to Asheville. Is it a good time to buy Real Estate? Are prices going up or down?

Obviously, these questions can't be answered with a generic answer. It depends on where and what price category you are looking for. Right now we find most properties under $225,000 are in a sellers' market. This means that these properties are on the market the least amount of time and may have multiple offers.

If you are in the $300-400,000 range, it clearly is a buyers' market. Prices are not rising in this area and very few are going under contract. This is the range that has the most properties for sale and it keeps rising every month. If you are looking in this price arena in the Asheville area you should get a pretty good deal.

The best time to buy in any market in Asheville is late fall and winter. With the prospects a little gloomy right now and for the next 6-12 months, you might just score a great deal in Asheville.

If you are a seller in Asheville, you must price your house right. Not like the others in your price category, but better. Better usually means lower. Other factors are staging and general curbu appeal.

In our next blog we will discuss marketing your home in a buyers' market. Until then......

Michael - Mon Oct 1 2007, 15:09

I would agree and say that it is a perfect time to buy, although it does depend on the prcie range. The statistics show that a certain percentage of the market is in a buyers market stage. Please visit my blog for Asheville Market updates, by going to http://www.kellerwilliamsasheville.com , and clicking on the Market Insight link.

Thank You - Mon Oct 1 2007, 15:06