mountain metropolis that is growing steadily. 421 0 obj <>stream In this section, we’re going to go over the top three neighborhoods in terms of economics. Is it worth buying a house in Asheville, NC? (3) Number of jobs, in thousands, seasonally adjusted. For instance, if a listing goes on market at $300,000 and

It shows us the current home price appreciation forecast of 0.8% till May 2020. If we compare here with the highest cost of living in the United States, Manhattan, New York. Although, this article alone is not a comprehensive source to make a final investment decision for Asheville but we have collected ten evidence based positive things for those who are keen to invest in the Asheville real estate in 2019. As a result, the average home price and average home value of Asheville also influence the average home price ($205,763) and average sale price ($224,241) in the entire state. While some neighborhoods in West Asheville are more expensive than others, you’ll find a lot of homes ranging from $200,000 – $300,000. 3. 50% in the last six years. The rankings we’ll use are generated by Neighborhood Scout, which analyzes the highest appreciating values in Asheville. The downtown is large enough to be a community in its own right, but it isn’t so large that the Asheville real estate market is depressed by blighted area. The homes are undervalued compared to other neighborhoods. This is due to the general increase in sales during the summer months. Asheville has east-west access via I-40 while Highway 26 connects it to other towns north and south. The Asheville Metropolitan region is a $15 billion economy and cultivates specialization in health services, education, arts, and tourism-related industries. This area is often overlooked in favor of larger cities like Charlotte or Durham. One of our investment specialists will get in touch with you to discuss all facets of searching for, buying, and owning a turnkey investment property. The neighborhoods in Asheville must be safe to live in and should have a low crime rate.

Since then, the market appreciated to its Here are the 10 best neighborhoods in Asheville to invest in real estate because they have the highest appreciation rates (List by Neigborhoodscout.com). Walkable communities are all the rage. The Asheville housing market is unusual for already having an established, walkable downtown. When I got into real estate, I needed something to drive the business. The Asheville real estate market is incredibly stable. It wasn’t long ago that Asheville real estate was a hot commodity. The less expensive the Asheville investment property is, the lower your ongoing expenses will be. The Asheville housing market slowed down in 2019 but is still expected to go up roughly one percent for the year. Look for the Asheville housing market to continue to strengthen. So, too, are the local VA medical center, school system and health system. A $50,000 yearly salary in Asheville is equal to $120,000 in

For example, parts of the Asheville real estate market are zoned as “resort”. information you provide is encrypted and transmitted securely. It’s only wise to think about how you can and should be investing your money. In remarks on Oct. 19 to the Asheville Area Chamber of Commerce’s 18th annual Metro Economy Outlook, Abernathy told the crowd of around 200 that a shift to urban centers is a key economic trend. With the coronavirus pandemic in full swing, most real estate agents and buyers across, It’s not an good time to be a real estate agent. Kenilworth is known for its beautiful park, rolling hills with historic bungalow-style homes, and its close proximity to Mission Hospital and Downtown Asheville. The Asheville housing market continues to be hot as popular Asheville neighborhoods gain more and more interest. We can define market growth based on the trends we’ve recorded over the last 20 years. Let us know which real estate markets you consider best for real estate investing! The trend for median days on market in Asheville, NC is flat since last month, and slightly down since last year. That works out to nearly $114 per square foot. During the latest twelve months, Asheville's real estate appreciation rate, at 4.65%, has been at or slightly above the national average.

Your information is secure and never shared. With research, a plan and the right price, just about anyone can be a real estate investor. The median list price of homes in Asheville, NC was $389K in June 2019, trending down -4% year-over-year. Any college creates a large population of permanent renters. Asheville has its pros economically, as well as its cons. The median sale price was $328.5K. With roughly 100,000 citizens in the metropolitan area and over 400,000 within its five-county sphere of influence, Asheville is a larger market than meets the eye. A good cash flow means the investment is, needless to say, profitable. Feel free to contact him at matthew@berriluxuryproperties.com.