As the Black Mountain real estate market has improved dramatically over the last couple of years, the upper end ($600,000 and up) has stayed relatively flat. But it seems that 2018 might be a turning point as the Black Mountain real estate market continues to rise. As of today (May 17, 2018), there have been 4 closed sales in Black Mountain over $600k year-to-date. Last year, the numbers were Continue Reading
Asheville Real Estate Market
Asheville & Black Mountain Real Estate Market – 2017 Year in Review
This past year was quite a year for Asheville and Black Mountain real estate. In the more affordable price ranges, homes sold almost as quickly as they were listed. And the upper price ranges saw an increase in the number of sales. We've put together some graphs of some of the more common indicators, and then broken them down by areas and price ranges. We'll look at Asheville, Black Mountain, and Continue Reading
Asheville’s MLS Now Features “Coming Soon” Listings
The Asheville real estate market remains very strong, especially in the more affordable price ranges. It's February as I write this, and this is typically the slowest time of year in terms of inventory. Let's take a look at the current inventory figures. Current Inventory Now that inventory levels have bottomed out, it's time to start thinking about the spring listing season. Many sellers Continue Reading
Buncombe County Announces Property Value Reassessment for 2017
The Buncombe County Tax Office has announced that real estate taxes will be reassessed in 2017. Notices of new property tax values will be mailed to property owners in February. Why is this Happening Now? As discussed before on this blog, counties in North Carolina are required by statute to reappraise properties at least every 8 years, and no sooner than every 4 years. Our last assessment was Continue Reading
How a Real Estate Agency Works in North Carolina
In Western North Carolina, there are 3 primary ways a real estate agent can represent a buyer or seller in a transaction. These are Seller's Agent, Buyer's Agent, and Dual Agent. Seller's Agent The seller's agent, or listing agent, is just that. He or she works for the seller and is trying to sell the listed property. Frequently, buyers call seller's agents to show them a house. This is Continue Reading
How Asheville Area Property Taxes are Assessed and Calculated
Real Estate Tax Timeline Buncombe County property tax bills are sent out in September of each year, and are for the current calendar year. So, the bill you receive in September is for the calendar year January - December. It is considered "due" when received, but is not "late" until early January of the next year. Here are some tips about how the Asheville area property tax is assessed and Continue Reading
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