PRICE IMPROVEMENT

168 Skyview Circle, Asheville

MLS#4349077

Offered at $1,299,000

4 Bedrooms, 3/1 Baths

3,240 SqFt.

0.48 Acres

3D Tour: https://my.matterport.com/show/?m=Y7yCo2KciPK

 

Elevated on a hill in highly desirable Hills of Beaverdam community in North Asheville, this thoughtfully updated home captures sweeping, year-round long-range views of the western mountains and pairs them with a flexible floor plan designed for modern living. A welcoming wraparound deck invites you to take in layered sunsets and cool mountain breezes, while the rear of the home offers a beautifully landscaped garden with a private patio—perfect for outdoor dining, quiet mornings, or entertaining. Inside, the main level features an open, light-filled floor plan anchored by the primary suite for easy one-level living. The upper level offers a spacious two-bedroom guest suite, creating comfortable separation and privacy for family or visitors. The lower level expands the home’s versatility with a private-entry guest apartment or office complete with a small kitchen—ideal for extended stays, multigenerational living, remote work, or income potential. Sustainability meets convenience with solar electric and electric vehicle charging capability, delivering energy efficiency without compromise. With panoramic views, multiple outdoor living spaces, and adaptable interior options, this North Asheville property offers a rare combination of scenery, flexibility, and forward-thinking design.

LeNoir Medlock

Broker/REALTOR®

828-691-9981

lenoirm@preferredprop.com

Preferred Properties of Asheville

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Looking for other local housing market statistics? We have them!

April 2026 Local Housing Market Statistics  828-258-2953

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April 2026 Local Housing Market Statistics

ASHEVILLE CITY

Closed Sales: 161 ( + 3.9%)

Pending Sales: 202 ( + 33.8%)

Average List Price: $848,358 ( + 4.3%)

Average Sales Price: $674,950 ( + 6.4%)

Inventory of Homes for Sale: 783 ( + 8.4%)

Cumulative Days on Market Until Sale: 80 days ( + 63.3%)

BUNCOMBE COUNTY

Closed Sales: 306 ( + 9.7%)

Pending Sales: 357 ( + 31.3%)

Average List Price: $852,941 ( + 15.1%)

Average Sales Price: $630,145 ( + 0.0%)

Inventory of Homes for Sale: 1,492 ( + 15.1%)

Cumulative Days on Market Until Sale: 83 days ( + 50.9%)

ASHEVILLE REGION

Closed Sales: 868 ( + 7.6%)

Pending Sales: 1,036 ( + 25.4%)

Average List Price: $687,732 ( + 10.2%)

Average Sales Price: $522,302 ( + 1.8%)

Inventory of Homes for Sale: 4,512 ( + 12.7%)

Cumulative Days on Market Until Sale: 85 days ( + 21.4%)

📈 Rising buyer demand alongside continued inventory growth, signals ongoing movement toward more balanced conditions. Homes also spent more time on the market, with days on market increasing further reflecting a market that is continuing to normalize and offer buyers more flexibility.
If you’re thinking about buying or selling, we’re happy to help you navigate the current market conditions.
828-258-2953
www.preferredprop.com
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Why an Effective Asheville Real Estate Agent Matters More Than Ever

According to the National Association of REALTORS® Profile of Home Buyers and Sellers, today’s consumers consistently rank one factor above all others when choosing a real estate professional: effectiveness. In an increasingly complex market, buyers and sellers are looking for agents who can deliver results, guide them confidently through the process, and advocate for their best interests from start to finish.

For buyers, effectiveness means far more than opening doors. It’s about identifying the right home based on lifestyle, budget, and long-term goals. It’s about skillful negotiation—securing favorable terms and pricing in competitive situations—and managing the paperwork and timelines that can otherwise feel overwhelming. A strong buyer’s agent acts as both advisor and protector, helping clients make informed decisions every step of the way.

For sellers, an effective agent is one who understands how to position a home to stand out. This includes pricing the property strategically based on current market conditions, developing a targeted marketing plan, and attracting qualified buyers who are ready to act. Sellers also rely on their agent to manage showings, negotiate offers, and keep the transaction moving smoothly so their home sells within their desired timeframe.

While national reports provide valuable insight, real estate is ultimately local. There is no single housing market in the United States—there are thousands of distinct, hyperlocal markets, each shaped by its own trends, inventory levels, neighborhoods, and buyer demand. What works in one city, or even one ZIP code, may not work in another.

That’s where local expertise becomes invaluable. The most successful agents are those who have spent years building relationships, understanding micro-markets, and earning the trust of their communities. They know the nuances of neighborhoods, the rhythm of the local market, and how to adapt national trends to local realities.

In real estate, experience, local knowledge, and effectiveness are not optional—they are essential. Whether you are buying your first home, selling a long-held property, or making a strategic move, working with an agent who truly understands your market can make all the difference.

Give us a call to discuss your real estate plans for the new year. 828-258-2953

May 2025 Housing Market Update

In Buncombe County, The City of Asheville, and the Asheville Region.

 

 

Buncombe County – May 2025 Summary

New Listings: Up 36.9% (698 homes) compared to May 2024.

Closed Sales: Down 20.6% (285 homes).

Average Sales Price: Dropped 11.1% to $611,124.

Inventory: Rose 81.1% to 1,518 homes for sale.

Months Supply of Inventory: Increased from 2.9 to 5.9 (up 103.4%). 6 months is considered a balanced market

Days on Market Until Sale: Increased 18.9% to 44 days.

City of Asheville – May 2025 Summary

New Listings: Rose 41.7% (367 homes).

Closed Sales: Dropped 9.8% (157 homes).

Average Sales Price: Declined 17.0% to $616,034.

Inventory: Up 90% to 819 homes.

Months Supply of Inventory: Jumped from 2.9 to 6.1 (up 110.3%). 6 months is considered a balanced market

Days on Market Until Sale: Increased significantly to 46 days (+35.3%).

Asheville Region – May 2025 Summary

(Covers 13 counties including Buncombe)

New Listings: Up 28.5% (1,844 homes).

Closed Sales: Fell 13.8% (839 homes).

Average Sales Price: Decreased 7.5% to $504,917.

Inventory: Increased 57.3% to 4,488 homes.

Months Supply of Inventory: Jumped from 3.4 to 5.8 (up 70.6%). 6 months is considered a balanced market

Days on Market Until Sale: Increased to 53 days (+20.5%).

Have questions? Give our floor duty agent a call today:

www.preferredprop.com

Preferred Properties of Asheville

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 Price to Today’s Reality, Not Yesterday’s Peak

• Many sellers are anchored to 2021–2022 peak prices. That market is gone.

• Median sale prices have softened or plateaued in parts of Buncombe. Price reductions are increasingly common, especially for homes over $700k.

• Price just under key thresholds ($499k instead of $510k) to boost search hits on Zillow, Realtor.com, etc.

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  Location-Based Strategy

• Homes in rural or mountain areas (Leicester, Fairview, Barnardsville) take longer to sell now unless they offer strong value or unique appeal.

• Highlight walkability for in-town homes (West Asheville, Montford, North AVL) and view/privacy for rural homes.

• Reframe location-based challenges: e.g., “30 mins to downtown, but only 10 mins to Weaverville & Blue Ridge Parkway.”

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 Condition is King

• Buyers in a cautious market are more selective. Even minor flaws = deal-breakers.

• Invest in:

  • New interior paint (neutral colors)

  • Updated fixtures

  • Landscaping cleanup

• Staging is worth it, especially in more expensive or vacant homes.

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Refocus on Buyer Needs

• Some buyers’ agents are struggling to find homes that feel “worth it.”

• Offer bonus commission on stale listings for buyer agents.

• Have Broker-only tours with catered food from local restaurants.

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 Final Advice:

• This isn't just a market slowdown—it's a market shift.

• The sellers who adapt fastest—will still thrive.

• Buyers are out there—they're just pickier, slower, and more value-conscious. Speak their language.

Wrapping Up the Year: Why End-of-Year Real Estate Transactions Can Be a Smart Move

As the year winds down, many people turn their attention to holiday festivities, family gatherings, and upcoming resolutions. However, for savvy homebuyers and sellers, the end of the year also presents a unique opportunity in the real estate market. At Preferred Properties of Asheville, we often see a surge of activity during this season, and for good reason. Let’s explore why closing a real estate transaction at the end of the year can be an incredibly smart move.

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1. Motivated Buyers and Sellers

Year-end real estate activity often involves highly motivated buyers and sellers. Homeowners looking to sell before the new year may be eager to wrap up their sale, whether for financial, tax, or relocation reasons. On the flip side, buyers who are searching this time of year are typically serious about closing quickly. This mutual motivation can create a win-win scenario for both parties.

If you’re a buyer, you may find sellers more flexible with pricing and terms. If you’re selling, the reduced competition on the market can help your property stand out to motivated buyers.

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2. Tax Benefits for Buyers and Sellers

One major advantage of completing a transaction before December 31st is the potential tax benefits.

• For Buyers: Closing on a property before year-end allows you to deduct mortgage interest, property taxes, and certain closing costs for the current tax year. These deductions can significantly reduce your taxable income and potentially lead to a larger tax refund.

• For Sellers: If you’re looking to offset gains or losses for tax purposes, selling your home before the year ends can provide a clear financial advantage.

If you’re uncertain about how a real estate transaction might impact your taxes, we recommend consulting with a trusted financial advisor.

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3. Less Competition and More Negotiation Power

Traditionally, the winter months see fewer listings and reduced market activity compared to the spring and summer seasons. While this may sound like a drawback, it can actually work to your advantage.

• For Buyers: With fewer buyers actively shopping, there is less competition for available homes. You may also have more room to negotiate price or terms, such as closing costs or repairs.

• For Sellers: While there may be fewer buyers, the ones who are looking are often serious and ready to move quickly, reducing the likelihood of lengthy negotiations or last-minute hurdles.

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4. Favorable Mortgage Rates and Loan Processing

Historically, lenders often aim to meet their year-end quotas, which means buyers may benefit from slightly more favorable mortgage rates or faster loan processing times. Working with a reputable lender during this time of year can help streamline the process and ensure you close smoothly and on schedule.

Additionally, securing a lower interest rate now can save buyers thousands of dollars over the life of their mortgage—a strong incentive to act before the new year.

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5. Relocation Timing for the New Year

Many families and professionals choose the end of the year to relocate, aligning their move with school breaks, job transfers, or new opportunities starting in January. Closing before the year ends allows for a seamless transition into a new home and a fresh start for the upcoming year.

For sellers, marketing your home to those with relocation needs can help attract motivated buyers looking to settle in quickly.

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Tips for a Smooth End-of-Year Closing

If you’re considering buying or selling during this time of year, here are a few tips to ensure success:

1. Work with Experienced Real Estate Agents: Our team at Preferred Properties of Asheville is well-versed in navigating year-end transactions. We’re here to handle the details and keep things stress-free.

2. Be Organized: Have all necessary documents ready, from financial statements to inspection reports.

3. Plan Ahead: Lenders, inspectors, and other professionals may have limited availability due to holidays, so schedule appointments early.

4. Stay Flexible: Flexibility with closing dates or terms can help move the process forward efficiently.

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Make the Most of the Year-End Market

While it may seem unconventional to buy or sell a home during the holidays, the year-end real estate market offers unique benefits for those who seize the opportunity. Whether you’re looking to take advantage of tax incentives, negotiate favorable terms, or start the new year in a new home, our team at Preferred Properties of Asheville is here to guide you every step of the way.

Ready to explore your options? Contact us today to learn how we can help you achieve your real estate goals before the clock strikes midnight on December 31st.

Discover Walkable Neighborhoods in Asheville, North Carolina

Nestled in the Blue Ridge Mountains, Asheville, North Carolina, is a vibrant city known for its eclectic culture, thriving arts scene, and stunning natural surroundings. For those who prefer to explore by foot, Asheville offers several walkable neighborhoods that combine charm, convenience, and community. Let’s dive into some of Asheville’s most pedestrian-friendly areas.

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1. Downtown Asheville

Why It’s Walkable:
Downtown Asheville is the heart of the city, boasting a dense layout of shops, galleries, restaurants, and breweries all within a few blocks. You can easily explore iconic landmarks like the Grove Arcade, Pack Square, and the Asheville Art Museum without needing a car.

What to Do:

• Grab a cup of coffee at a local café and browse the eclectic boutiques.
• Enjoy live music at a street performance or one of the city’s many venues.
• Stroll through the vibrant murals and public art installations scattered throughout the area.

Housing Options:
From historic lofts to modern condos, downtown offers housing for those who crave an urban lifestyle.

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2. West Asheville

Why It’s Walkable:
West Asheville centers around Haywood Road, a bustling strip lined with locally-owned businesses, vintage shops, and trendy eateries. The flat terrain and pedestrian-friendly sidewalks make it easy to navigate.

What to Do:

• Indulge in a farm-to-table meal at one of the neighborhood's acclaimed restaurants.
• Spend an afternoon thrifting or exploring artisan shops.
• Join a community event at the West Asheville Library or Carrier Park.

Housing Options:
Expect charming bungalows, craftsman-style homes, and a sprinkling of newer builds.

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3. Montford

Why It’s Walkable:
Known for its historic homes and leafy streets, Montford feels like stepping back in time. It’s close to downtown, and its peaceful sidewalks make it a joy to explore on foot.

What to Do:

• Wander through Montford Park or visit the Asheville Botanical Gardens nearby.
• Enjoy a night at the Montford Park Players, North Carolina’s longest-running Shakespeare festival.
• Take a self-guided tour to admire the architecture of early 20th-century homes.

Housing Options:
Montford offers Victorian and Arts and Crafts-style homes, many of which have been lovingly restored.

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Why Walkable Neighborhoods Matter

Living in a walkable neighborhood offers more than just convenience; it fosters a sense of community, promotes a healthier lifestyle, and reduces your environmental footprint. Asheville’s walkable neighborhoods cater to a variety of tastes, whether you’re drawn to historic charm, artistic energy, or urban buzz.

Looking to Move to Asheville?
At Preferred Properties of Asheville, we specialize in finding homes that fit your lifestyle. Whether you’re searching for a cozy cottage in Montford or a modern loft in downtown, we can help you find your perfect match.

Contact us today to start your journey toward a walkable Asheville home!

Homebuyers in 2025 are focusing on features that blend sustainability, comfort, and style.
Here are the top trends based on emerging preferences:

Energy Efficiency: Whole-home batteries and solar panels are increasingly desirable, as buyers look for sustainable solutions to reduce energy costs and maintain resilience during power outages. EV chargers are also in demand.

Climate Resilience: Homes equipped with features like flood barriers, seismic retrofitting, and water catchment systems are gaining popularity. These elements address the growing concern over climate-related disasters.

Cozy, Purposeful Spaces: Smaller, cozy rooms with specific functions, such as dens and libraries, are replacing expansive open layouts. Buyers value intimate spaces that offer warmth and functionality.

Nostalgic Design: "Grandmillennial: A design style that combines traditional decor with modern elements to create a cozy, personalized space" aesthetics, including floral patterns, vintage furniture, and sculleries (secondary kitchens), are making a comeback. Home libraries are also seeing a surge in demand.

Spa-Inspired Bathrooms: Wet rooms that combine showers and bathtubs into one seamless, waterproof space are popular for their luxurious and wellness-focused design.

Induction Cooktops: As part of the shift towards electric and sustainable home features, induction cooking technology is becoming more prevalent.

Wellness Features: Homes that promote physical and mental health, such as air purification systems or wellness-oriented layouts, are increasingly sought after.

Multi-Functional Spaces: Buyers are interested in flex spaces that can adapt to work-from-home or other lifestyle needs.

High-Tech Integration: Smart home technologies, including whole-home energy management systems, continue to attract buyers.

Drought-Resistant Landscaping: Features like turf yards and native plant gardens appeal to environmentally conscious buyers in water-scarce areas.

Hidden Costs of Buying a Home: What You Need to Know

Buying a home is one of life’s most significant investments, and while the purchase price is a key consideration, it’s not the only cost you’ll encounter. Many first-time homebuyers are surprised by the additional expenses that come with homeownership. To help you prepare, here’s a breakdown of the hidden costs you need to budget for before you sign on the dotted line.

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1. Closing Costs

Closing costs are fees and expenses paid at the final stage of a real estate transaction. These typically range from 2% to 5% of the home’s purchase price and may include:

• Loan Origination Fees: Charged by your lender for processing the loan.
• Title Insurance: Protects against title disputes or legal claims.
• Appraisal and Inspection Fees: Cover the cost of assessing the home’s value and condition.
• Attorney Fees: If required in your state, for legal review of documents.
• Prepaid Expenses: Such as property taxes and homeowners insurance.

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2. Property Taxes

Property taxes are an ongoing expense that varies based on your home’s location and assessed value. Be sure to check the annual tax rate for your area and factor it into your monthly budget. Keep in mind that taxes may increase over time as property values rise.

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3. Homeowners Insurance

Lenders require homeowners insurance to protect against damage from fire, theft, or natural disasters. Premiums vary depending on the home’s value, location, and coverage level. If you live in an area prone to flooding or earthquakes, you may need additional coverage, which adds to the cost.

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4. Private Mortgage Insurance (PMI)

If your down payment is less than 20% of the home’s purchase price, you’ll likely need to pay PMI. This protects the lender in case you default on the loan. PMI can add hundreds of dollars to your monthly mortgage payment.

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5. Maintenance and Repairs

Owning a home means you’re responsible for maintenance and repairs. Budget for both routine tasks, like HVAC servicing and lawn care, and unexpected issues, such as a broken water heater or roof repairs. Experts recommend setting aside 1%–3% of your home’s value annually for maintenance.

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6. Utilities and Services

When you move into your new home, you’ll need to cover utility costs, which may include:

• Electricity
• Gas
• Water and sewage
• Trash collection
• Internet and cable

Larger homes or older properties may have higher utility bills, so consider these when evaluating your budget.

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7. HOA Fees

If your home is in a community with a homeowners association (HOA), you’ll need to pay monthly or annual fees. These cover shared amenities like pools, gyms, and landscaping. Be sure to ask about HOA fees and rules before purchasing.

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8. Moving Expenses

Moving into your new home isn’t free! Moving costs can include hiring professional movers, renting a truck, or purchasing packing supplies. Additionally, you might need to buy new furniture or appliances to suit your new space.

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9. Home Customization Costs

Once you move in, you may want to make the space your own with cosmetic changes like painting, new flooring, or updated fixtures. These costs can add up quickly, especially for older homes that may require more updates.

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10. Emergency Fund Contributions

As a homeowner, having an emergency fund is crucial. Unexpected expenses, like plumbing issues or storm damage, can occur at any time. Building a financial cushion will give you peace of mind.

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How to Prepare for Hidden Costs

• Do Your Research: Investigate potential costs specific to the home and location.
• Set a Realistic Budget: Include all possible expenses in your budget, not just the mortgage.
• Get Professional Advice: Work with a knowledgeable real estate agent and financial advisor to navigate the process.
• Plan for the Long Term: Remember, homeownership is a marathon, not a sprint.

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Final Thoughts

Being aware of these hidden costs can help you make an informed decision and avoid surprises. By budgeting for these expenses, you’ll enjoy a smoother transition into homeownership and focus on making your new house a home.

Ready to take the next step? Contact us today to start your homebuying journey!