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AUGUST 2023 ASHEVILLE HOUSING UPDATE
New-home sales recently hit a 17-month high, rising 4.4% month-over-month nationally, according to the U.S. Census Bureau.
The property type with the largest price gain was the Condominium segment.
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Back to School for Real Estate: Expanding Your Knowledge and Skills
As the summer comes to an end, students of all ages prepare to head back to school. But who says learning should be limited to traditional academic subjects? For those in the real estate industry, continuing education and skill-building are essential to stay ahead in a competitive market. So, why not take this opportunity to go back to school for real estate?
Continuing education in real estate offers numerous benefits. It allows professionals to stay up-to-date with industry trends, regulations, and best practices. It also provides a platform to expand knowledge and skills, opening doors to new opportunities and career advancement. Whether you're an established realtor, a property manager, or a real estate investor, there are plenty of options to further your education in the field.
One way to go back to school for real estate is through formal education programs. Universities and colleges often offer certificate programs or degree courses in real estate. These programs provide a comprehensive curriculum covering topics such as real estate law, property management, finance, and marketing. By enrolling in such programs, professionals can enhance their understanding of the industry and gain valuable credentials that can boost their credibility and marketability.
Another avenue for continuing education is through online courses and webinars. Many reputable organizations and industry associations offer online learning platforms specifically tailored to real estate professionals. These courses cover a wide range of topics, including negotiation skills, real estate investing, commercial property management, and more. Online learning provides flexibility and convenience, allowing individuals to learn at their own pace and fit their studies around their existing work schedule.
Attending conferences, workshops, and seminars is another excellent way to go back to school for real estate. These events bring together industry experts and thought leaders who share valuable insights and experiences. Networking opportunities at these events can also be invaluable, allowing professionals to connect with peers and exchange ideas.
In conclusion, going back to school for real estate is a worthwhile investment for professionals in the industry. Whether through formal education programs, online courses, or attending events, continuing education helps individuals stay ahead of the curve and achieve success in this dynamic field. So, as you gear up for the back-to-school season, consider expanding your knowledge and skills in real estate. Your future self will thank you!
JULY 2023 ASHEVILLE HOUSING UPDATE
The Median Sales Price increased: 18.5% (Asheville City), 7.1% (Asheville MSA), and 10 % (Buncombe County).
The Average List Price increased: $686,028 (Asheville City), $600,883 (Asheville MSA), and $655,960 (Buncombe County).
The Months Supply of Inventory increased: 9.4% (Asheville City), 15.8% (Asheville MSA), and 16.7% (Buncombe County)(6 Months of Inventory is a balanced market.)
The Percentage of Original List Price Received remains over 97% in all 3 markets.
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Tips for Upgrading Your Space
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JUNE 2023 ASHEVILLE HOUSING UPDATE
Prices moved higher as the Median Sales Price was up 4.4% (City), 3.4% (MSA), and 6.5 % (Buncombe).
The monthly supply of Inventory increased 2.2 (City), 2.1 (MSA), and 2.1 (Buncombe). (6 Months of Inventory is a balanced market.)
The Percentage of List Price Received remains over 98% in all 3 areas.
As demand continues to outpace supply, properties are selling quickly, with the majority of homes listed for sale on the market for less than a month
Preferred Properties of Asheville
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Did you know about the Real Estate Code of Ethics?
The REALTOR® Code of Ethics ensures that consumers are served by requiring REALTORS® to cooperate with each other in furthering clients' best interests.
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Download the entire code of ethics here: https://cdn.nar.realtor/sites/default/files/documents/2023-coe-standards-of-practice-2022-12-28.pdf?fbclid=IwAR2Nelz2KpqJAq0QAbhHpOiVBZfUvKSV0AJCMP2ndmt4qbN8mwid_B8p2xQ
MARCH 2023 Asheville Region Monthly Housing Report
New Listings decreased
Pending Sales decreased
Inventory increased
Prices increased
Median Sales Price increased
Days on Market increased
Months Supply of Inventory increased
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Asheville Housing Market Update
February 2023
Buyer interest remains concentrated in Buncombe County, where homes priced $300K and up received an average of 6.3 showings (or potential buyers) per listing. Overall, showings or buyer foot traffic was up 6.6 percent year-over-year, with active listings within the region averaging 3.3 showings per listing. Showing activity is up 61 percent month-over-month throughout the region.
“When sales activity increases this spring, buyers will likely find the region remains a seller’s market, albeit a bit softer one. With demand still expected to outpace supply, well- priced homes in excellent condition will likely sell quickly with multiple offers sometime in play. Buyers should expect greater demand closer to metro-Asheville with more favorable pricing likely in some outlying areas.”
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