QUICK FACTS 2017 Annual Report on the North Carolina Mountains MLS Service Area A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®
New Listings 13,966
Pending Sales
14,260 14,032
13,886
7,360
9,540
9,630
9,830
+ 19.7%
+ 0.9%
+ 2.1%
2016
2017
7,972
13,488 - 0.6%
+ 2.7%
- 1.6%
- 3.9%
2014
2015
2016
2017
2013
Top 5 Areas: Change in New Listings from 2016
+ 20.5% + 9.0% + 3.8% + 2.7% + 0.7%
McDowell County Rutherford County City of Asheville Transylvania County Buncombe County Bottom 5 Areas: Change in New Listings from 2016 Henderson County Yancey County Madison County Jackson County Swain County
- 9.4% - 15.2% - 20.1% - 20.3% - 34.4%
Closed Sales 7,363
2013
7,961
2013
2014
2015
Top 5 Areas: Change in Pending Sales from 2016 Burke County Mitchell County Yancey County Madison County McDowell County
+ 55.6% + 39.1% + 26.3% + 16.4% + 15.0%
Bottom 5 Areas: Change in Pending Sales from 2016 Buncombe County City of Hendersonville Henderson County Jackson County Swain County
- 0.7% - 5.2% - 5.6% - 24.9% - 54.5%
Inventory of Homes for Sale
At the end of the year.
9,002
9,575
9,650
7,091
6,581 5,253
+ 8.1%
+ 13.1%
+ 6.4%
+ 0.8%
2014
2015
2016
2017
Top 5 Areas: Change in Closed Sales from 2016 Burke County Yancey County Mitchell County Rutherford County Madison County
2013
4,743
3,860
- 7.2%
- 20.2%
- 9.7%
- 18.6%
2014
2015
2016
2017
Top 5 Areas: Change in Homes for Sale from 2016 + 57.1% + 31.9% + 28.6% + 17.5% + 11.5%
Bottom 5 Areas: Change in Closed Sales from 2016 City of Asheville City of Hendersonville Henderson County Jackson County Swain County
+ 8.3%
McDowell County City of Asheville Buncombe County Jackson County Transylvania County
+ 5.5% 0.0% - 9.0% - 11.7% - 15.0%
Bottom 5 Areas: Change in Homes for Sale from 2016 - 2.3% - 2.5% - 4.1% - 28.8% - 48.5%
Swain County Haywood County Mitchell County Madison County Burke County
- 23.3% - 28.4% - 28.8% - 32.7% - 52.5%
Current as of January 5, 2018. All data from NCMMLS. Provided by the Charlotte Regional Realtor® Association. Report © 2018 ShowingTime. | 3
QUICK FACTS 2017 Annual Report on the North Carolina Mountains MLS Service Area A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®
Median Sales Price $184,000
2013
$190,000
$242,000 $222,500
Average Sales Price
$290,945 $266,685
$204,000 $230,273
+ 3.3%
+ 7.4%
+ 9.1%
+ 8.8%
2014
2015
2016
2017
2013
$240,228
$249,246
+ 4.3%
+ 3.8%
+ 7.0%
+ 9.1%
2014
2015
2016
2017
Top 5 Areas: Change in Median Sales Price from 2016 Burke County Mitchell County Jackson County City of Hendersonville Transylvania County
+ 35.0% + 32.4% + 13.5% + 13.4% + 13.1%
Top 5 Areas: Change in Avg. Sales Price from 2016 City of Hendersonville Henderson County Rutherford County Transylvania County Mitchell County
+ 17.7% + 14.5% + 13.0% + 12.8% + 12.1%
Bottom 5 Areas: Change in Median Sales Price from 2016 City of Asheville Madison County Polk County Yancey County Swain County
+ 7.4% + 6.7% + 6.6% + 4.7% + 3.8%
Bottom 5 Areas: Change in Avg. Sales Price from 2016 McDowell County Polk County Madison County Swain County Yancey County
+ 5.8% + 1.8% + 1.0% + 0.3% - 2.0%
List to Close 175
167
Percent of Original List Price Received 93.3%
155
141
93.7%
92.4%
134 90.9% 89.9%
2013
- 4.6%
- 7.2%
- 9.0%
- 5.0%
2014
2015
2016
2017
2013
+ 1.1%
+ 1.7%
+ 1.0%
+ 0.4%
2014
2015
2016
2017
Top 5 Areas: Change in List to Close from 2016 Swain County Jackson County Madison County Burke County Polk County
+ 44.9% + 9.8% + 1.1% - 2.0% - 2.2%
Top 5 Areas: Change in Pct. of Orig. Price Received from 2016 Mitchell County Jackson County Transylvania County Rutherford County Madison County
Bottom 5 Areas: Change in List to Close from 2016 Yancey County Rutherford County Haywood County Mitchell County McDowell County
- 8.1% - 9.4% - 9.7% - 12.4% - 20.1%
Bottom 5 Areas: Change in Pct. of Orig. Price Received from 2016 Asheville MSA + 0.2% Buncombe County - 0.1% City of Asheville - 0.2% Burke County - 0.2% Swain County - 0.3%
+ 3.5% + 1.8% + 1.7% + 1.4% + 0.8%
Current as of January 5, 2018. All data from NCMMLS. Provided by the Charlotte Regional Realtor® Association. Report © 2018 ShowingTime. | 3
Property Type Review 2017 Annual Report on the North Carolina Mountains MLS Service Area A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®
Top Areas: Condo-Townhome Market Share in 2017
135
124
Average List to Close Single-Family
Average List to Close Condo-Townhome
List to Close This chart uses a rolling 12-month average for each data point. Single-Family
Condo-Townhome
230
City of Asheville
17.8%
Henderson County
17.3%
City of Hendersonville
14.8%
Buncombe County
13.6%
Asheville MSA
12.9%
North Carolina Mountains MLS
11.3%
Yancey County
10.4%
220
Transylvania County
9.0%
210
Polk County
6.2%
Swain County
5.9%
180
Haywood County
5.2%
170
Rutherford County
4.6%
150
Mitchell County
3.7%
140
McDowell County
2.4%
Jackson County
2.0%
Madison County
0.4%
200 190
160
130 120 110 1-2013
1-2014
1-2015
1-2016
1-2017
+ 8.7%
+ 5.7%
93.4%
95.8%
One-Year Change in Price Single-Family
One-Year Change in Price Condo-Townhome
Pct. of Orig. Price Received Single-Family
Pct. of Orig. Price Received Condo-Townhome
Median Sales Price
Percent of Original List Price Received 2013
2014
2015
2016
2017
$249K
2013
89.9%
$229K
90.7%
92.1%
93.0%
93.4%
90.1%
2014
92.3%
2015 94.4%
2016
2017
95.7%
95.8%
$212K $189K
$195K $150K
Single-Family
$165K
$165K
$175K
Condo-Townhome
$185K
Single-Family
Condo-Townhome
Current as of January 5, 2018. All data from NCMMLS. Provided by the Charlotte Regional Realtor® Association. Report © 2018 ShowingTime. | 3
Price Range Review 2017 Annual Report on the North Carolina Mountains MLS Service Area A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®
$200,001 to $300,000
$500,001 and Above
Price Range with Shortest Average Market Time
4.4%
Price Range with Longest Average Market Time
- 25.7%
of Homes for Sale at Year End Priced $100,000 and Below
Days on Market Until Sale by Price Range
One-Year Change in Homes for Sale Priced $100,000 and Below
Share of Homes for Sale $100,000 and Below 12%
95
$100,000 and Below
11%
75
$100,001 to $150,000 $150,001 to $200,000
72
$200,001 to $300,000
70
10% 9% 8% 7%
87
$300,001 to $400,000
6%
97
$400,001 to $500,000
5% 4% 1-2013
133
$500,001 and Above
1-2014
1-2015
1-2016
1-2017
$200,001 to $300,000
+ 19.1%
$100,000 and Below
- 25.1%
Price Range with the Most Closed Sales
Price Range with Strongest One-Year Change in Sales: $500,001 and Above
Price Range with the Fewest Closed Sales
Price Range with Weakest One-Year Change in Sales: $100,000 and Below
Closed Sales by Price Range
3,044
2015
2,814
2016
2017
2,420 1,894 1,444
1,431
1,795
1,615 1,284
1,207
1,107 879
1,505
1,009
658
$100,000 and Below
488
$100,001 to $150,000
$150,001 to $200,000
$200,001 to $300,000
$300,001 to $400,000
604
706
$400,001 to $500,000
640
768
915
$500,001 and Above
Current as of January 5, 2018. All data from NCMMLS. Provided by the Charlotte Regional Realtor® Association. Report © 2018 ShowingTime. | 3
Area Overviews 2017 Annual Report on the North Carolina Mountains MLS Service Area A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®
Total Closed Sales
Change from 2016
Percent CondoTownhome
Percent Distressed
Median Showings
Months Supply of Inventory
List to Close
Pct. of Orig. Price Received
North Carolina Mountains MLS
9,650
+ 0.8%
11.3%
1.1%
17
4.7
134
93.7%
Buncombe County
4,043
- 2.2%
13.6%
0.8%
19
3.3
111
95.1%
55
+ 57.1%
0.0%
0.0%
2
5.5
198
91.7%
Haywood County
1,118
+ 9.1%
5.2%
1.2%
15
4.7
158
91.9%
Henderson County
2,037
- 4.1%
17.3%
1.0%
17
3.1
112
95.2%
Jackson County
153
- 28.8%
2.0%
2.6%
5
13.6
236
88.9%
Madison County
232
+ 11.5%
0.4%
1.7%
11
7.5
183
90.9%
McDowell County
169
+ 2.4%
2.4%
5.9%
7
7.8
159
91.2%
Mitchell County
81
+ 28.6%
3.7%
0.0%
3
12.0
227
89.1%
Polk County
275
+ 8.3%
6.2%
1.1%
10
8.1
176
91.5%
Rutherford County
545
+ 17.5%
4.6%
1.7%
12
5.8
154
91.9%
Swain County
17
- 48.5%
5.9%
0.0%
1
12.3
255
86.1%
Transylvania County
620
+ 5.3%
9.0%
0.3%
14
7.3
172
91.0%
Yancey County
211
+ 31.9%
10.4%
2.4%
6
14.1
215
88.6%
City of Asheville
2,109
- 2.3%
17.8%
0.5%
21
2.9
103
95.2%
City of Hendersonville
1,268
- 2.5%
14.8%
1.2%
18
3.1
113
95.0%
Asheville MSA
7,430
- 0.8%
12.9%
0.9%
18
3.6
121
94.6%
Burke County
Current as of January 5, 2018. All data from NCMMLS. Provided by the Charlotte Regional Realtor® Association. Report © 2018 ShowingTime. | 3
Area Historical Median Prices 2017 Annual Report on the North Carolina Mountains MLS Service Area A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®
Change From 2016
Change From 2013
2013
2014
2015
2016
2017
North Carolina Mountains MLS
$184,000
$190,000
$204,000
$222,500
$242,000
+ 8.8%
+ 31.5%
Buncombe County
$205,230
$215,000
$230,000
$253,300
$275,000
+ 8.6%
+ 34.0%
Burke County
$430,000
$275,500
$180,000
$210,000
$283,500
+ 35.0%
- 34.1%
Haywood County
$152,000
$160,000
$165,000
$180,000
$194,750
+ 8.2%
+ 28.1%
Henderson County
$178,950
$187,500
$205,000
$215,000
$240,000
+ 11.6%
+ 34.1%
Jackson County
$167,500
$165,000
$170,000
$178,000
$201,950
+ 13.5%
+ 20.6%
Madison County
$160,000
$170,000
$185,500
$204,000
$217,750
+ 6.7%
+ 36.1%
McDowell County
$125,000
$128,950
$129,100
$170,000
$183,950
+ 8.2%
+ 47.2%
Mitchell County
$106,889
$109,000
$125,000
$136,000
$180,000
+ 32.4%
+ 68.4%
Polk County
$170,000
$179,500
$210,000
$216,500
$230,750
+ 6.6%
+ 35.7%
Rutherford County
$135,000
$139,000
$155,000
$162,000
$175,000
+ 8.0%
+ 29.6%
Swain County
$163,000
$125,000
$148,500
$219,250
$227,500
+ 3.8%
+ 39.6%
Transylvania County
$182,000
$205,000
$205,065
$220,975
$250,000
+ 13.1%
+ 37.4%
Yancey County
$152,000
$145,000
$155,000
$175,000
$183,250
+ 4.7%
+ 20.6%
City of Asheville
$212,500
$220,000
$237,500
$269,900
$290,000
+ 7.4%
+ 36.5%
City of Hendersonville
$168,000
$176,000
$193,000
$207,500
$235,360
+ 13.4%
+ 40.1%
Asheville MSA
$189,700
$198,000
$212,750
$230,000
$250,000
+ 8.7%
+ 31.8%
Current as of January 5, 2018. All data from NCMMLS. Provided by the Charlotte Regional Realtor® Association. Report © 2018 ShowingTime. | 3