| The Buncombe County Green RE MarketA report by Patreecia Spaulding © 2009 |
| Comparison of residential, condos, townhomes, and preconstruction homes in Buncombe County – June 7, 2009 |
| Active |
Expired last 6 months |
Expired to active ratio |
Closed last 6 months |
Closed to active ratio |
Pending |
Pending to active ratio |
| HealthyBuilt Homes |
| 139 |
19 |
13.7% |
24 |
17.3% |
8 |
5.8% |
| All Homes |
| 3398 |
893 |
26.3% |
852 |
25% |
257 |
7.6% |
Above is the most current comparison of the green market to the over all market. The table directly below is greater detail of the current green market. The green homes used in these tables are listed as certified HealthyBuilt Homes in the local Multiple Listing Service (MLS).
| June 7, 2009 |
| Active |
Sold in last 6 months |
| Hundred thousand $ range |
Number now listed |
Number sold |
Sold to list price ratio average |
Days on market average |
| Residential |
|
100s
|
4
|
|
|
|
|
200s
|
4
|
1
|
101.1%
|
132
|
|
300s
|
14
|
1
|
95.5%
|
126
|
|
400s
|
15
|
4
|
99.4%
|
177
|
|
500s
|
1
|
1
|
89.4%
|
118
|
|
600s
|
8
|
|
|
|
|
700s
|
3
|
|
|
|
|
800s
|
3
|
1
|
91.3%
|
130
|
|
900s
|
1
|
|
|
|
|
1,000s
|
6
|
|
|
|
|
2,000s+
|
3
|
|
|
|
| total |
62 |
8 |
|
|
| Condos |
|
100s
|
6
|
|
|
|
|
200s
|
22
|
3
|
98.4%
|
161
|
|
300s
|
4
|
|
|
|
|
400s
|
|
1
|
88%
|
355
|
|
500s
|
3
|
|
|
|
| total |
35 |
4 |
|
|
| Townhomes |
|
100s
|
1
|
|
|
|
|
200s
|
5
|
1
|
102.8%
|
296
|
|
300s
|
13
|
6
|
102.6%
|
106
|
|
400s
|
|
|
|
|
| total |
19 |
7 |
|
|
| Preconstruction |
|
100s
|
3
|
|
|
|
|
200s
|
13
|
4
|
102%
|
319
|
|
300s
|
2
|
1
|
100%
|
57
|
|
400s
|
2
|
|
|
|
|
900s
|
1
|
|
|
|
|
1,000s
|
2
|
|
|
|
| total |
23 |
5 |
|
|
The tables below are useful in seeing the general trends of green building now compared to itself about six months ago and a year ago, as well as compared to the total real estate market. The pending-to-active ratio is typically used to indicate whether it’s a buyers’ or sellers’ market. A higher pending ratio means a sellers’ market, but the current pending ratio shows it’s a buyer’s market. Hopefully, you’re a buyer! Now is the time. Just a few months ago the green homes were in a seller’s market, but now as a buyer, you may be in a better position to get the sustainable home you want.
This doesn’t mean you will get a steal of a deal. Look at the sold to list price ratios above in the various price ranges and categories. In some cases homes have sold for as little as 88% of the listing price. Some of these homes have been sitting on the market for a while and the sellers need to sell. You may be able to negotiate a win-win deal of some kind.
In the last year 499 new homes sold in Buncombe County and 52 of them were HealthyBuilt Homes. That’s 10.4% of the new home market, a steadily growing trend. If a person is going to buy a new home, they need to know what to look for – not just a nice design, but durability, energy efficiency and good indoor air quality. They need to work with real estate professionals and builders who understand these things and can explain them. A HealthyBuilt Home may cost more to start with, but in the long run it will have greater value, be more economical and better for the earth.
You can compare the short reports below to the most recent one above to get a feel for how things have moved in the last year and a half
| Comparison of residential, condos, townhomes, and preconstruction homes in Buncombe County – January 31, 2009 |
| Active |
Expired last 6 months |
Expired to active ratio |
Closed last 6 months |
Closed to active ratio |
Pending |
Pending to active ratio |
| HealthyBuilt Homes |
| 107 |
8 |
7.5% |
32 |
29.9% |
39 |
36.4% |
| All Homes |
| 2794 |
1010 |
36.1% |
495 |
17.7% |
207 |
7.4% |
| Comparison of residential, condos, townhomes, and preconstruction homes in Buncombe County - May 22, 2008 |
| Active |
Expired last 6 months |
Expired to active ratio |
Closed last 6 months |
Closed to active ratio |
Pending |
Pending to active ratio |
| HealthyBuilt Homes |
| 130 |
2 |
1.54% |
17 |
13% |
15 |
11.5% |
| All Homes |
| 3303 |
794 |
24% |
1316 |
39.8% |
495 |
15% |
If you need help finding your HealthyBuilt Home in the Asheville area, please don’t hesitate to call me. I have a background in environmentalism with a degree in Environmental Design as well as the local ECO certification as an environmental real estate consultant and the new National Association of Realtor’s GREEN designation.
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