Noah George Real Estate

Western North Carolina Market Statistics for May 2010

Julie — Tue, 22 Jun 2010 20:11:42 +0000

I love sharing this information with my clients. This is a snapshot of our current market conditions in Western North Carolina based on the data from the Western North Carolina MLS. I focus mainly on Henderson, Buncombe, and Transylvania Counties. If you would like information about other surrounding counties, let me know and I will be glad to provide.

Henderson County
107 – Total Number of Units Closed
Here is the breakdown:
89 – Single Family Residence
11 – Condos
7 – Townhomes
0 – Pre-Construction

For Single Family Residences in Henderson County
The average list price for May in Henderson Co. was $225,918
The average sales price for May in Henderson Co. was $212,833
The median list price for May in Henderson Co. was $189,900
The median sales price for May in Henderson Co. was $184,000
The average days on market were 156. (Please remember this number is calculated from the list date of the current listing. This does not calculate total days on market if the home was listed with multiple agents).

Buncombe County
217 – Total Number of Units Closed
Here is the breakdown:
173 – Single Family Residence
30 – Condos
14 – Townhomes
0 – Pre-Construction

For Single Family Residences in Buncombe County
The average list price for May in Buncombe Co. was $268,228
The average sales price for May in Buncombe Co. was $207,000
The median list price for May in Buncombe Co. was $222,000
The median sales price for May in Buncombe Co. was $250,662
The average days on market were 123. (Please remember this number is calculated from the list date of the current listing. This does not calculate total days on market if the home was listed with multiple agents).

Transylvania County
30 – Total Number of Units Closed
Here is the breakdown:
30 – Single Family Residence
0 – Condos
0 – Townhomes
0 – Pre-Construction

For Single Family Residences in Transylvania County
The average list price for May in Transylvania Co. was $383,901
The average sales price for May in Transylvania Co. was $336,997
The median list price for May in Transylvania Co. was $244,586
The median sales price for May in Transylvania Co. was $222,500
The average days on market were 140. (Please remember this number is calculated from the list date of the current listing. This does not calculate total days on market if the home was listed with multiple agents).
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This information is critical in understanding our local market. It is important as you make decisions about buying and selling.

Your Home Newsletter for June

Julie — Tue, 15 Jun 2010 22:46:40 +0000

This months newsletter includes the following topics:

Relocation Cost, Home Insurance, and Color Correction

Your Home Newsletter, June 2010

Continued on Page 2

Your Home Newsletter, May 2010

Noah — Tue, 18 May 2010 18:51:31 +0000

This months newsletter discusses Moving, Cabinetry, and Virtual Tours. If you have been wanting to update your cabinetry, but can’t afford a remodel – these ideas are made for you. Your Home Newsletter – May 2010

Keller Williams Gives Back

Julie — Thu, 06 May 2010 23:19:09 +0000

We take one day out of the year, called Red Day, May 13th, to focus exclusively on the needs of the community we live in. This year we are giving the Train Depot on 7th Avenue in Hendersonville a face lift. We will be adding mulch to the children’s playground at Atkinson Elementry School. We will also be collecting donations of hygiene products, school supplies, and convenience foods for Henderson County schools. Read more about Red Day in the Times News article: Realtor asking people to fill the yellow bus | BlueRidgeNow.com http://ht.ly/1HXtr

Western North Carolina Market Statistics for April 2010

Julie — Thu, 06 May 2010 22:49:18 +0000

Henderson County
98 – Total Number of Units Closed
Here is the breakdown:
80 – Single Family Residence
11 – Condos
7 – Townhomes
0 – Pre-Construction

For Single Family Residences in Henderson County
The average list price for April in Henderson Co. was $245,672
The average sales price for April in Henderson Co. was $227,152
The median list price for April in Henderson Co. was $202,400
The median sales price for April in Henderson Co. was $187,500
The average days on market were 229. (Please remember this number is calculated from the list date of the current listing. This does not calculate total days on market if the home was listed with multiple agents).

Buncombe County
235 – Total Number of Units Closed
Here is the breakdown:
203 – Single Family Residence
16 – Condos
14 – Townhomes
2 – Pre-Construction

For Single Family Residences in Buncombe County
The average list price for April in Buncombe Co. was $252,031
The average sales price for April in Buncombe Co. was $235,562
The median list price for April in Buncombe Co. was $199,000
The median sales price for April in Buncombe Co. was $187,000
The average days on market were 131. (Please remember this number is calculated from the list date of the current listing. This does not calculate total days on market if the home was listed with multiple agents).

Transylvania County
29 – Total Number of Units Closed
Here is the breakdown:
27 – Single Family Residence
2 – Condos
0 – Townhomes
0 – Pre-Construction

For Single Family Residences in Transylvania County
The average list price for April in Transylvania Co. was $303,530
The average sales price for April in Transylvania Co. was $265,448
The median list price for April in Transylvania Co. was $175,000
The median sales price for April in Transylvania Co. was $162,000
The average days on market were 150. (Please remember this number is calculated from the list date of the current listing. This does not calculate total days on market if the home was listed with multiple agents).
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This information is critical in understanding our local market. It is important as you make decisions about buying and selling.

It is important to stage your home in Hendersonville.

Noah — Fri, 23 Apr 2010 01:53:05 +0000

It is amazing how many vacant homes for sale that I come across with my buyers in Hendersonville and Henderson County. I wanted to discuss what buyers are thinking when they walk through a vacant home.

1. Instead of considering the home, they start asking questions “Is this a divorce?”, “Are they having money problems and had to move out?”, or “Have they already relocated without selling and now have 2 house payments?”. Especially in Hendersonville with the number of retires moving into assisted living or retirement homes, a buyer will think the seller is desperate and will make a low-ball offer.

2. This is not a just a real estate transaction, buyers are purchasing their next phase in life. This is an emotional purchase not purely business or investment. Buyers purchase on how they feel and it is hard to feel good about, imagine their life in or make an emotional connection to an empty house.

3. It is hard to visualize how furniture will fit. One of the most common questions on a vacant house is “Will a queen or king size bed fit in here along with everything else?”. A large living room without any furniture is hard to see how things would be arranged. This creates more confusion for the buyer and is one more objective to overcome.

4. It is easy to focus on the flaws of an empty house rather than the house. All the buyer is looking at are walls, floors, ceilings, doors and exaggerating any flaws. This drives the price down in the mind of the buyer.

5. Staged homes show and sell better than vacant homes. Whether it is the dust, the stale smell, or other signs of a vacant home, this means less time spent in the home by a potential buyer.

Hendersonville and Western North Carolina is currently a buyer’s market. This is a beauty contest that you need to win. Staging your home is a critical piece of the puzzle and staged homes consistently outperform vacant and empty houses. The best condition combined with a correct price will provide the best opportunity to sell your house regardless of the market.

Extra, Extra Read All About It!

Julie — Tue, 13 Apr 2010 13:28:02 +0000

April 2010 Newsletter

Hot Topics this month include:
Keeping your financial house in order
2010 Kitchen & Bath Design Trends
Pet Friendly Remodeling Ideas

Western North Carolina Market Statistics February 2010

Julie — Tue, 16 Mar 2010 19:23:09 +0000

Henderson County
44 – Total Number of Units Closed
Here is the breakdown:
39 – Single Family Residence
4 – Condos
1– Townhomes
0– Pre-Construction

For Single Family Residences in Henderson County
The average list price for February in Henderson Co. was $224,204
The average sales price for February in Henderson Co. was $212,641
The median list price for February in Henderson Co. was $204,900
The median sales price for February in Henderson Co. was $199,000
The average days on market were 148. (Please remember this number is calculated from the list date of the current listing. This does not calculate total days on market if the home was listed with multiple agents).

Buncombe County
114 – Total Number of Units Closed
Here is the breakdown:
93 – Single Family Residence
13 – Condos
8 – Townhomes
0 – Pre-Construction

For Single Family Residences in Buncombe County
The average list price for February in Buncombe Co. was $295,505
The average sales price for February in Buncombe Co. was $272,995
The median list price for February in Buncombe Co. was $210,000
The median sales price for February in Buncombe Co. was $205,000
The average days on market were 145. (Please remember this number is calculated from the list date of the current listing. This does not calculate total days on market if the home was listed with multiple agents).

Transylvania County
18 – Total Number of Units Closed
Here is the breakdown:
16 – Single Family Residence
2 – Condos
0 – Townhomes
0 – Pre-Construction

For Single Family Residences in Transylvania County
The average list price for February in Transylvania Co. was $265,688
The average sales price for February in Transylvania Co. was $243,469
The median list price for February in Transylvania Co. was $223,900
The median sales price for February in Transylvania Co. was $209,250
The average days on market were 305. (Please remember this number is calculated from the list date of the current listing. This does not calculate total days on market if the home was listed with multiple agents).
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This information is critical in understanding our local market. It is important as you make decisions about buying and selling.