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Asheville Real Estate: Consider the Market Trends Before Making a Decision by Andrew Stratton





Asheville Real Estate: Consider the Market Trends Before Making a Decision by
Article Posted: 11/20/2009
Article Views: 621
Articles Written: 5522
Word Count: 471
Article Votes: 15
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Asheville Real Estate: Consider the Market Trends Before Making a Decision


 
Real Estate
Whether you are looking to move to a quaint southern town or sell a home in one, you should do your research before you make any moves. Asheville, North Carolina is just one small city that has been getting increasingly more attention over the last few years. Before you put an offer on a house in the area, or consider selling property there, find out a little about Asheville real estate.

First, you should know a little about the average house in the area. The majority of houses were built between 1901 and 1969, with the second largest category of homes being built between 1995 and now. That means most homes are either pretty old or very new.

Consider where your property falls before deciding on a price for it. If you want to buy, decide whether you want a newer, more modern house or an older, classic one. If the latter is your preference, there are a few houses in the area that were built prior to 1901, so keep those in mind.

Although the current economy makes for a slow housing market, homes are selling more in some areas than in others. Asheville real estate does not appear to be as badly off as other cities. In fact, fall 2009 shows that median prices in this area are about $25,000 more than the state's median, and about $17,000 more than the nationwide average.

However, the housing price has dropped by about $20,000 since 2008, and rises and falls from one month to the next. Currently, it has dropped slightly, but considering that it is still well above the average, the city in general is not in bad shape.

Additionally, Asheville real estate seems to be selling for more than it is listed. In fact, prices of homes sold recently are about 25% higher than their list price. This shows that houses are a bit more popular than some sellers originally thought. If you are buying, this shows that the area could be on the way up. If you are selling, expect to get more for your property than you would in most other cities.

Asheville real estate is clearly worth looking into. The area appears to be growing even during a slow economy, which is a positive sign. If you are leaving the area, the knowledge that you can get more for your house than you might have thought should be exciting. Now that you have an idea of the recent market trends, be sure to check the most updated statistics before you buy or sell in the future.

For property buying, selling or relocation in Asheville NC, real estate agents suggest watching the property market trend closely before making any decisions. Still clueless? Learn more about the rules of property deals on this page http://www.preferredrealestatecenter.com

Related Articles - asheville real estate, Asheville NC Homes, real estate asheville nc, asheville nc real estate,

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