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NORTH CAROLINA ASSOCIATION OF
REALTORS, INC
Existing Home Sales Statistics For
February 2008
|
Reporting MLS |
UNITS SOLD IN
Feb
07 |
UNITS
SOLD IN
Feb 08 |
%
CHANGE
|
UNITS
SOLD IN
Jan 08 |
%
CHANGE |
Feb 07
AVG.
Cost |
Feb 08 AVG.
Cost |
% CHANGE |
Feb
07
TOTAL
DOLLARS |
Feb 08
TOTAL
DOLLARS |
% CHANGE |
Jan 08
TOTAL
DOLLARS |
% CHANGE |
|
ASHEVILLE*** |
250 |
181 |
-28% |
177 |
2% |
$231,765 |
$282,293 |
22% |
$67,291,656 |
$51,095,043 |
-24% |
$50,728,512 |
1% |
|
BREVARD |
29 |
18 |
-38% |
21 |
-14% |
$305,964 |
$208,001 |
-32% |
$ 9,747,128 |
$ 3,744,025 |
-62% |
$ 5,551,000 |
-33% |
|
HENDERSONVILLE*** |
139 |
97 |
-30% |
89 |
9% |
$228,977 |
$216,222 |
-6% |
$ 29,915,875 |
$20,973,605 |
-30% |
$19,914,840 |
5% |
*** Feb 06 and/or
Jan 07 updated from previously reported figures.

NORTH
CAROLINA ASSOCIATION OF REALTORS, INC
Existing Home Sales Statistics For
March 2008
|
Reporting MLS |
UNITS SOLD IN
Mar
07 |
UNITS
SOLD IN
Mar 08 |
%
CHANGE
|
UNITS
SOLD IN
Feb 08 |
%
CHANGE |
Mar 07
AVG.
Cost |
Mar 08 AVG.
Cost |
% CHANGE |
Mar
07
TOTAL
DOLLARS |
Mar 08
TOTAL
DOLLARS |
% CHANGE |
Feb 08
TOTAL
DOLLARS |
% CHANGE |
|
ASHEVILLE |
304 |
221 |
-27% |
181 |
22% |
$295,286 |
$265,796 |
-10% |
$89,766,972 |
$58,741,073 |
-35% |
$51,095,043 |
15% |
|
BREVARD |
35 |
21 |
-40% |
18 |
17% |
$280,263 |
$253,919 |
-9% |
$ 9,809,231 |
$ 5,332,300 |
-46% |
$ 3,744,025 |
42% |
|
HENDERSONVILLE |
164 |
112 |
-32% |
97 |
15% |
$275,746 |
$205,948 |
-25% |
$ 45,222,499 |
$23,066,191 |
-49% |
$20,973,605 |
10% |
03/21/08: Robin's opinion of current Market Conditions in
Hendersonville, Asheville and Brevard
Western NC and my service areas are located in a "destination
region" for many relocating families and retirees. Housing market
conditions in many other parts of the country have affected our Market as
many potential purchasers have to sell their existing properties before they
can purchase and are having difficulties with this in their existing market
areas. Constant negative national news coverage on housing has not
helped the situation as potential purchasers feel that they should wait as
prices may continue to dip. This continuous negative news coverage
also seems to imply that the housing market decline is nationwide -- that
is not so.
Combined with the general state of the housing market and more stringent mortgage
requirements the situation has impacted our local market by having more
properties available for buyers to choose from than what was considered normal
previously. This results in our Seller's adjusting to the
fact that their properties will have a longer time on the market with
properly adjusted pricing and recognizing that this situation is considered
a buyers market with purchasers having more properties to choose from
and base their purchase decisions on.
The above March 2008 statistics from the National Association of Realtors
reflects the continued slowdown in our local market -- reflecting continued
buyer issues in other parts of the country for the folks wanting to relocate
to this area!! The domino affect.
Hendersonville and Western NC is a beautiful area that has a lot to offer
and if you are considering a real estate purchase it could be worth your while to come
take a look while the area inventory is plentiful and interest rates for
qualified buyers remains low.
Please email/call if I can
be of service to you
--
Robin





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