2019 Carolina Mountain Sales Asheville Area Market Report

2 0 1 9 F r i ends , Cl i ent s , Col l ea gues , Wha ta ni nc r edi bl edec a def orr ea l es t a t ea c r os st hec ount r ya ndi npa r t i c ul a r , As hev i l l e.

Rec or dbr ea k i ngs a l esa ndec onomi cgr owt hha spos i t i onedt hemount a i nr egi onf ors uc c es s a ndwec oul dn’ tbeha ppi erormor egr a t ef ul t oha v eha dt hepr i v i l egeofwor k i ngwi t hy ouov er t hi spa s ty ea r .

2019wa snodi ffer entt ha n2018i nma nyr es pec t s ; a not herr ec or dbr ea k i ngs a l esy ea rf ort he As hev i l l er es i dent i a l ma r k et , t hegr owt hofourWi l k i ns onE RAf a mi l yofc ompa ni es , hi gher Medi a nS a l esPr i c e, a ndc el ebr a t i ononc ea ga i na sWi l k i ns onE RA ni s hedt hey ea ra st henumber oneE RAr ea l es t a t er mi nt heCa r ol i na sa ndt henumbert woE RA r mi nt hena t i on!

We c ont i nuet oa c k nowl edgea ndr ec ogni z et heha r dwor ka nda c hi ev ementt ha tpl a c eds oma nyof ourS a l esAs s oc i a t esi nt heT op100Pr oduc erc a t egor y .

Wha tt oex pec ti n2020?I nt er es tr a t esa r ehol di ngs t ea dy , butc oul dc ont i nuet or i s et hi sy ea r .

T hegr owt hofourmi l l enni a l ma r k eti sbi ggert ha nev era nds ett or epr es entonet hi r dofour buy er si n2020.

Whi l eourec onomygoesf r om s t r engt ht os t r engt h, peopl ef r om a r oundt he c ount r ya r ec a l l i ngAs hev i l l ehome.

Dr a wnt oourbea ut i f ul mount a i nsa ndt emper a t ec l i ma t e, weex pec tt hi st r endt oc ont i nuea ndAs hev i l l et os us t a i nadema ndf orhous i ngt hr ought her es t oft hey ea r .

I nt er es ta nds a l esa c t i v i t yf ornewhomec ons t r uc t i onwa ss t r ongi n2019a nda snew c ons t r uc t i onpr ov i desa ddi t i ona l hous i nga ndmor ea ffor da bi l i t yout s i deoft hemet r oa r ea , buy er swi l l ha v emor ec hoi c eswi t hawi ders el ec t i onofbot hnewc ons t r uc t i ona ndr es a l es .

Youma yha v eques t i onsa boutma k i ngamov e, wha ty ourhomemi ghtbewor t h, a ndwha ti s i nv ol v edi nput t i ngahomeupf ors a l e.

L etourk nowl edgea bl ea ndex per i enc edBr ok er sa nd RE AL T ORS ®her ea tCa r ol i naMount a i nS a l eswa l ky out hr ought heent i r epr oc es s .

Wea r ea l wa y s a v a i l a bl et oa ns wera nyques t i onsy ouma yha v e.

Onc ea ga i n, t ha nky ouf ort heoppor t uni t yt os er v ey ou.

E bMoor e Pr es i dent&CE O Wi l k i ns onE RARea l E s t a t e

ASHEVI LLECI TY RESI DENTI ALSALESSUMMARY I n2 0 1 9 , t heAs he v i l l er e s i de nt i a l r e a l e s t a t ema r k e tfi ni s he dt hede c a deonahi g h.

Wi t hr e c or dhomes a l e s , a v e r a g ea ndme di a ns a l e spr i c e s , a nda ni nv e nt or yt ha tha spl a c e dAs he v i l l ea mongt hes t a t e ’ st opt e n hous i ngma r k e t s , As he v i l l e ’ shous i ngboomi sl i k e l yt oc ont i nuet hr oug h2 0 2 0 .es hor t a g eof hous i ng c ont i nue st odr i v ehomepr i c e supwa r d, wi t hmor ebuy e r sl ook i ngt obuyi nbot he s t a bl i s he d ne i g hbor hoodsa ndc ommuni t i e si nt r a ns i t i oni na r e a ss uc ha sWe s ta ndE a s tAs he v i l l e .

As he v i l l ehomes a l e si n2 0 1 9we r ehi g he ri ns a l e sv ol umet ha n2 0 1 8a ndt henumbe rof home ss ol d i nc r e a s e dbya l mos t8 .

8 4 %ont hepr e v i ousy e a r .eMe di a nS a l e sP r i c ef oras i ng l e f a mi l yhomeorc ondo i nAs he v i l l el a s ty e a rwa s$ 3 1 8 , 0 0 0 , a ni nc r e a s eof 3 .

5 8 %! eAv e r a g eP r i c eP e rS qua r eF ootha sr i s e n5 .

0 9 %, whi c hi sc ons i s t e ntwi t hbuy e rde ma nda ndr i s i nghomepr i c e s .

F or e c a s t sf or2 0 2 0pr oj e c tas t e a dyi nc r e a s ei ns a l e s , dr i v e nl a r g e l ybyas ol i dj obe c onomy , e duc a t e dwor k f or c ea nda ffor da bi l i t yi nc ompa r i s onwi t ht opt i e rhous i ngma r k e t sl i k eCha r l ot t eorRa l e i g h.

I nv e nt or yc ont i nue st obeac ha l l e ng ei nourma r k e t .

2 0 1 9 ’ shous i ngs uppl ys hr unkby3 .

6 2 %a ndNe w L i s t i ng st oma r k e ts t a l l e da ta1 .

3 2 %l os son2 0 1 8fi g ur e s .

Mor ei nv e nt or yc omi ngt oma r k e te a r l i e rt ha nt he t r a di t i ona l s pr i ngma r k e t , wi l l e a s es omeof t hebuy e rde ma nd.

2

97%

97%

3% 96.

95.

3%

94.

4%

92.

2%

ASHEVI LLE CI TYRESIDENTIAL

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ASHEVI LLE CI TYRESIDENTIAL

Co nt ’ d.

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BUNCOMBE CO.RESIDENTIAL Av e r a g e Da y so n Ma r k e t

92%

94%

95%

5% 95.

9% 96.

9 7 %

$254, 000

$230, 000

$21 5, 000

Me di a n Sa l e sPr i c e

$1 88, 250 $205, 000

Li s tPr i c e t oSa l e s Pr i c eRa t i o

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BUNCOMBE CO.RESIDENTIALCont’d.

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Wehadpl ent yt oc el ebr at e!Car ol i na Mount ai nSal eshadni neTop Pr oduc i ngbr ok er sr epr es ent i ngour fir mi nt het op1 00ofal lAs hev i l l e ar eabr ok er si nt heNor t hCar ol i na Mount ai nsMul t i pl eL i s t i ngSer v i c e Bei ngaWi l k i ns onERARealEs t at e Company ,Car ol i naMount ai nSal es hasac c es st onat i onalaffil i at i ons , r ec ogni t i onandmar k et i ngr es our c es t ohel pusbr oadenourr eac hand as s i s tourc l i ent s .

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Onc ea ga i nt hi sy ea r , wewer e f or t una t et oc ont i nueourwor kwi t h Mount a i nChi l dAdv oc a c y .

Whet her i t ’ shel pi ngk i dsgetr ea dyf ors c hool wi t hba c k pa c k sa nds uppl i esorgi v i ng gi f t st ha tbr i ngs omehol i da yj oyt o c hi l dr ent ha ta r emos tv ul ner a bl ei n ourc ommuni t i es .

Our“ s pons orac hi l d”hol i da ydr i v e wa sdefini t el yt hemos tr ewa r di ng ex per i enc eweha dt hi sy ea ra ndwe c a n’ twa i tt os eewha toppor t uni t i es a r eont hehor i z onf orusi n2020!

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Oneofourf a v or i t eev ent soft hey ea r i sget t i ngt ot a k eamomentt os ha r e ea c hot her ’ sc ompa nya ndc el ebr a t e t hehol i da ys ea s on.

OurCa r ol i naMount a i nSa l est ea m l ov esagoodpa r t ya ndoura nnua l hol i da yev enti sa l wa y smemor a bl e.

Thi sy ea r , TheAs hev i l l eTr ol l eyCompa nygotusi nt hehol i da ys pi r i twi t h at ourofi c oni cAs hev i l l epl a c esof i nt er es t , f ol l owedbydi nnera tour f a v or i t eCúr a t e

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