A couple of weeks ago we talked about how housing inventory is shrinking. We're starting to see properties go under contract having had multiple offers, buyers can't seem to get to homes quick enough, the great deals are slipping through their fingers, homes are selling after barely being on the market.
Here's what USA Today is saying:
"Nationwide, the supply of existing homes for sale has fallen for seven
straight months, hitting an almost eight-year low in January, the
National Association of Realtors says. Competing offers for the same homes are rising in more markets, especially in the West. Much
of the country is now a seller's market, the Realtors group says, just
one year into a potential housing recovery following the worst downturn
since the Great Depression."
If you are looking to sell your home and you are in a position to do so, now is the time to do it. Call The Puffer Team today at 828-771-2300 for your free, no obligation, market analysis, or contact us online here.
Puffer Properties at Keller Williams Professionals, Asheville Area Real Estate Pufferteam@gmail.com HomeFinderAsheville.com 828-771-2300
Wednesday, February 27, 2013
Monday, February 25, 2013
Great New Listings, Homes For Sale Fletcher & Swannaoa
We're trying to meet the ever growing demand of home buyers as housing inventory stays at it's lowest in the last few years. Check out these great homes we recently put on the market.
Charming,beautifully maintained & completely updated Greystone
bungalow in Historic Grovemont. Enjoy lovely red oak flooring
throughout, newer eat-in kitchen, large living & family rooms, gas
log FP in living, formal dining area w/butlers cabinet, many built-ins,
2nd level BR's perfect for playroom/craftroom, separate outside entrance
to upstairs w/porch & mountain view, full unfinished bsmt, lrg
detached 2 car garage & workshop. Do not miss!
Immaculate home in a great Fletcher location, just minutes to shopping,
dining, Fletcher Park and the library. Inside this home you will find a
light and bright open floorplan, a vaulted living room, eat-in kitchen,
separate dining area, and so much more. Outside enjoy
relaxing/entertaining on the partially covered back deck.
Interested in seeing one of these homes or getting more information about buying a home? Call The Puffer Team today, 828-771-2300, and be sure to check out our website, www.homefinderasheville.com.
----------
Friday, February 22, 2013
Asheville Area Local Real Estate Market Update
----------
The Puffer Team, Keller Williams Professionals, 828-771-2300, www.homefinderasheville.com
Thursday, February 7, 2013
New Listings Of Homes For Sale: Candler & Asheville
Our team has been hard at work trying to provide more options for buyers by putting some great homes on the market, here's what we've been up to:
Short Sale Opportunity! Up-to-date & move-in ready 1920's cottage less than 15 minutes from downtown Asheville. Inside you will find refinished hardwoods, a bright kitchen, ceramic tile, textured walls/ceilings, insulated windows, a new glass storm front door and and a new heat pump. Full of character and charm, come and see all this home has to offer. **All offers subject to 3rd party approval**
Short Sale Opportunity! Up-to-date & move-in ready 1920's cottage less than 15 minutes from downtown Asheville. Inside you will find refinished hardwoods, a bright kitchen, ceramic tile, textured walls/ceilings, insulated windows, a new glass storm front door and and a new heat pump. Full of character and charm, come and see all this home has to offer. **All offers subject to 3rd party approval**
Great opportunity to expand! Cute cabin on 10 acres with a covered front
porch, wood stove, and a cozy floorplan. You're just a quick trip to
Weaverville and 10 minutes from downtown Asheville. Perfect for a
vacation getaway.
Immaculate condo in a gated community, with pool/tennis/clubhouse, shows
like new. Features include updated appliances, granite countertops, a
gas log fireplace, separate dining area, and a screend-in porch with
views. If you're looking for low maintenance living, this is it!
----------
Want more information about the homes listed above or to set an appointment to see one? Call The Puffer Team today, 828-771-2300, or visit us online at www.homefinderasheville.com.
See Also:
Wednesday, February 6, 2013
This Month In Real Estate (February 2013)
via www.kw.com
The national housing market continues to
recover as a result of existing-home sales improving with low inventory
supply pushing home prices upward. National Association of Realtors
(NAR) Chief Economist Lawrence Yun states, “Momentum continues to build
in the housing market from growing jobs and a bursting out of household
formation. With lower rental vacancy rates and rising rents, combined
with historically favorable affordability conditions, more people are
buying homes.”
There are good signs that 2013 will be a year of recovery for the housing market. 2012 is the first year since 2005 where the year ended in positive territory, and if 2013 is anything like 2006, it could mean we are headed for a strong rebound. There is an urgency to buy now as home prices continue to increase and mortgage rates are at historic lows.
Home Sales
In Millions
Home sales this month increased 14.5% from last year and 5.9% this month to a seasonally adjusted rate of 5.04 million units, the highest level since November 2009. Distressed homes (which include short sales and foreclosures that traditionally sell for 15%–20% less on average compared to nondistressed homes) accounted for 22% of November sales, down from 24% the previous month and 29% last year. NAR Chief Economist Lawrence Yun states, “the market of distressed property sales will fall into the teens next year based on a diminishing number of seriously delinquent mortgages.” This is a promising sign, but the amount of distressed properties is still high by historic standards.
.
Home Price
In Thousands
The current median home price rose this month to $180,600, an increase of 2.1% from the previous month and up 10.1% from last year. November marks the ninth consecutive month of year-over-year price gains, which last occurred from September 2005 to May 2006.
Inventory- Month's Supply
In Months
Housing inventory fell 3.8% this month to 2.03 million existing homes for sale, representing a 4.8-month supply, the lowest housing supply since September 2005. An inventory supply of 6 months indicates a balanced market. More than 6 months points to a buyer’s market and less points to a seller’s market. The current supply is further evidence that the market clearly favors sellers on average across the country.
Source: National Association of Realtors
Interest Rates
This month mortgage rates are at or around
3.37%, still hovering near record lows. In terms of the monthly payment
on a 30-year fixed rate mortgage, a 1% increase in interest rate is the
equivalent to a 10% increase in price. Low rates and a rebounding market
have put buyers in a sweet spot, fueling urgency to buy now.
Are you in the market to buy a home, sell a home, or make a real estate investment? Call The Puffer Team today, we'll be happy to help you with all of your real estate needs, 828-771-2300, www.homefinderasheville.com.
Thursday, January 31, 2013
Inventory Is Shrinking, Sell Your Asheville Area Home Now!
With housing inventory being so low, now is the time to sell your home, buyers are running out of options. The Puffer Team will be happy to provide you with a free no obligation valuation if you want to see what your home is worth in the current market. Call us today, 828-771-2300, or contact us through out website, www.homefinderasheville.com, we would love the opportunity to help you get your home sold.
In the meantime, here are a few great tips on how you can get top dollar for your home:
- Follow the three C’s –
- Cleanliness: deep clean all interior, clean windows & doors, power-wash exterior.
- Clutter Reduction: Remove and pack up the majority of knickknacks and family photos from tabletops and shelves—also from the front and side of the refrigerator.
- Color: Neutrals from the warm end of the palette are most appealing.
- Highlight your homes architectural features by using hi-gloss whites/creams or contrasting warm neutrals on trim, built-ins, unique ceilings, and whatever else makes your home charming and special.
- Re-arrange furnishings to emphasize clear pathways (unobstructed by furniture) and create conversation areas that are cozy, balanced, and within comfortable speaking range. Rent a storage unit to store extra furniture and belongings, if necessary.
- Clean out closets—pack it up and send it to the storage unit, or a charity—to create a feeling of spaciousness in all.
- Add live plants, leave on lights (during showings) and keep the blinds/curtains open.
- Depending on your budget, consider the following (in order of importance)—
- Minor landscaping: fresh mulch, trim shrubs/trees, add 2 big red or black pots of red flowering plants by the front door.
- Update paint.
- Update fixtures.
- Traces of food, pet and smoking odors can kill buyer interest, and alert them to look for associated damage. Put away the clues (animal food dishes, ashtrays, etc.). Consider keeping the pet outdoors and smoking outdoors until the home is sold—and use fans while cooking.
Wednesday, January 30, 2013
Homes For Sale: Fletcher, NC & Asheville, NC
Check out these two new listings with The Puffer Team, both offering some privacy.
THE RESERVE AT LIVINGSTON FARMS: Light & bright home on a cul-de-sac with mountain views and just a short drive to Fletcher Community Park. Walk across
to community playground, picnic area, trails & creek just beyond
the large fenced-in backyard. Inside you will find an open floor plan,
cathedral ceilings and a loft upstairs, spacious bedrooms, a walk-in
closet in the master. What are you waiting for, come see this one!
Immaculate cape cod in a desirable East Asheville location just a quick drive to the Blue Ridge Parkway, Asheville Mall, and Downtown Asheville.
This home features a light and bright open floor plan with hardwoods in
the main living areas, large bedrooms with walk-in closets, lots of
bonus space, and so much more. The foundation has superior walls and the
unfinished space under the garage is re-enforced with I-beams. You will
appreciate all that this home has to offer.
Are you interested in seeing one of these homes or others in the area? Call The Puffer Team today, 828-771-2300, or visit our website, www.homefinderasheville.com.
See also:
Homes For Sale - East Asheville
Homes For Sale - Fletcher
Are you interested in seeing one of these homes or others in the area? Call The Puffer Team today, 828-771-2300, or visit our website, www.homefinderasheville.com.
See also:
Homes For Sale - East Asheville
Homes For Sale - Fletcher
Subscribe to:
Posts (Atom)