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Hendersonville Lightning in Hendersonville, North Carolina

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Newspaper

Hendersonville Lightning

Location

Hendersonville, North Carolina, United States of America

Date

Feb 04, 2015

Page

1

Real estate revival as mid-priced homes lead Henderson County market

Real estate agents report rising home sales in Henderson County with activity strongest in the 150000 to 250000 range. Prices lag pre recession peaks but inventory tightens as buyers flock to mid priced homes. The market uptick comes as owners anticipate revaluation and new assessed values for 2015.

Henderson County Steve Dozier Beverly Hanks & Associates Dozier

Real Estate Growth in 2015 Markets Shows Higher Prices

Beverly Hanks MLS reports median sales at 187000 up from 179000 in 2013, 16 percent below the 2007 peak. Inventory fell 20 percent, with 266 sales in the 200k to 299k range and only 13 in the 800k to 899k bracket. Sales over 1 million numbered 35, cash sales 33 percent, distressed sales 11 percent, longest days on market 346, shortest 163. Foreclosures and short sales kept some prices lower, Dozier cites 3 percent annual appreciation over the last two years and feeder markets’ recovery. Taxable value to rise 6-7 percent. county plans four-year budget strategy through 2019. See Recover, page 9.

Beverly Hanks Dozier Florida Arizona California Stan Duncan Steve Wyatt Board of Commissioners Duncan

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