Ivester Jackson Blackstream Portfolio of Fine Properties Vol. 2 2022

HOUSING MARKET STEADIES AS INTEREST RATES RISE

Western North Carolina’s housing market shows a steady hand as national housing markets begin to cool. Inventory remains low in most areas, which in turn has kept pricing and days on market stable across the region. Regional and national buyers continue their migration to the area which has paced sales and home prices in most segments. It will be interesting to keep an eye on interest rates and inventory over the next 60-90 days, as it will certainly impact pricing and days on market moving through the 3rd and 4th quarters. As noted in the most recent market reports, outlying areas such as Polk, Jackson, and Cleveland counties are seeing a surge in luxury home sell-through and many markets have seen record breaking sales.

Keeping an eye on the "Emerging Markets" piece will be key as some luxury buyers have continued to look outside of Asheville and Buncombe county to find a second or third home while also staying close to arts, cultural entertainment, dining, and regional air travel hubs. As a firm, we have seen an uptick in ultra-luxury (Over $2M) transactions in communities such as Balsam Mountain Preserve in Sylva. These ultra-luxury buyers aren’t as sensitive to an expansion in the mortgage rate as much as they are tied to the financial markets. Moving forward we see these areas continuing to gain traction with buyers from across the country.

Interest rates have steadied but still remain near record highs for the year and we don’t see this easing in the near future. While some economists speculate we are seeing a plateau as it relates to inflation, it's still too early to know. The mid-market ($500k-$999k) are still heavily reliant on interest rates and we’ve started to see a slight pull back as consumers wait on the sidelines to see how interest rates shake out. Cash still rules the luxury segment as over 75% of our firm's transactions over $1M closed with cash.

While both closed sales and pending transactions are up in most of the segments outlined in our most recent Q2 Market, we do expect a bumpy ride for the remainder of the year. The FED has continued to signal a potential interest rate hike which will result in higher mortgage rates in the future . As mentioned above, the mid-market is much more sensitive to interest rate hikes, while the high end market is much more tied to the stock market. The financial markets have been up and down for most of the year and many of the top economists believe we will likely continue this trend until at least the end of 2022. Razor thin inventory across Western North Carolina will continue to affect sell-through as demand will more than likely continue to outstrip supply moving forward. We anticipate sales volume to cool slightly, while values continue to remain stable across the region.

Jackson

INCREDIBLE SUNSETS & MOUNTAIN VIEWS

99 Crestridge Drive | $3.9 M | MLS 3877084 Laura Browne Livaudais | 828-712-5445

Sited for private tranquility on +/-3.0 acres & situated at 3,000’ elevation in the prestigious gated community of Poplar Ridge in South Asheville. Main level living incorporates: 20’ cathedral ceiling, great room floor-to-ceiling windows, 4 stacked stone fireplaces, primary suite on main with a private covered deck, 2 home offices, gourmet chef’s kitchen with a butler’s pantry, dining room, and den.

Custom distinctive waterfront home situated on 2 acres with over 550-feet of private

and a two-story

three-story

Timeless,

for entertaining and enjoying the breathtaking lake, mountain, and western

CONTEMPORARY OASIS BY THE STREAM IN N. AVL

360 Webb Cove Road | $1.85 M | MLS 3848464 Laura Browne Livaudais | 828-712-5445

Beautifully crafted home with an over 30' tall wall-of-windows to enjoy this scenic retreat. Four Bedrooms, three and half bath on 4.46 acres. Located 1/2 mile from the Blue Ridge Parkway and minutes to Downtown Asheville.

BILTMORE FOREST LUXE LIVING

4 Stuyvesant Crescent | $1.175 M | MLS 3807869

Jonathan Hunter | 828-606-4160

Stacey Klimchuk | 828-777-3152

Jonathan Hunter also representing buyer

Luxe living in Biltmore Forest, Asheville’s most distinguished address, on a full acre lot. This well appointed home welcomes you with warmth & comfort.

Beautifully renovated home in North Asheville with incredible views and privacy. Four bedrooms, 4 1/2 bath, office, spacious garage, incredible deck, family room, beautiful kitchen with eat - in area, and lots of storage.

599

This home is the epitome of mid-century

This 3 bedroom, 1.5 bath dwelling resides on a spacious 1.00

YOU HAVE TO SEE IT TO BELIEVE IT

400 Ray Hill Road | $2.995 M | MLS 3786425

Ellen Browne McGuire | 828-551-7027

Laura Browne Livaudais | 828-712-5445

Unique opportunity, the possibilities are endless. Family home with separate rental opportunity, a venue with lodging, corporate retreat, a wellness center. The list goes on and on. 5.2 private acres. 8 beautiful en-suites; 5 in the main house. A separate dwelling with 2 more en-suites and a 1 bedroom apartment. Home is being sold completely furnished, truly a turn-key investment! Incredible location in Mills River, NC

WHAT DREAMS ARE MADE OF

400 Ray Hill Road

While traveling through Europe as a young adult, Selena Einwechter, visited many charming Bed and Breakfasts and was fascinated by the versatility and design of each space that seemed to fit seamlessly with the local landscape. With each travel she forged connections with innkeepers and travelers alike and always felt as if she was at her home away from home and dreamed to create the same experience for others.

After years in the corporate world Selena found herself ready to make her vision come to life and set out to design the perfect B and B based off her experiences.

She secured a 5 acre property with meandering trails, mountain views, and a fantastic central location in Mills River just 10min from AVL airport, 15min from Brevard/Pisgah Forest, 15min from Hendersonville and 30min from Asheville.

Upon the 5 acre property sits a picturesque Main House with 4700 sqft of living space including a commercial chef's kitchen, multiple living spaces with ample patio space, and 5 bedrooms all with en-suites and personal climate control systems so each guest's experience is tailored to their comfort level.

Outside of the main house sits a charming Carriage House with 1200 sqft two additional guest rooms with full en-suites on the upper level with the ability to adjoin for large groups. On the lower level you will find a 1100sqft high end studio apartment with a one car garage, ideal for a caretaker’s suite.

For 15 years Selena has created memories that will last a lifetime for guests that return from all over the world annually to rest and retreat in this space that has been named a Southern Living Choice B&B for many years.

IMMACULATE FARMHOUSE HOME

40 UNRESTRICTED ACRES OF LAND

Jakes Branch Road | $360,000 | MLS 3806399

100 Ridge Street | $1.2 M | MLS 3894191 Anna Grace | 828-273-5052

Rachel Alosky Stark | 828-329-3552

Rudd Orr | 828-329-1519

Immaculate farmhouse home just blocks from downtown Black Mountain & Lake Tomahawk Park! The open concept living area features a gourmet kitchen with huge kitchen island, large dining area, floor-to-ceiling stone fireplace (wood-burning), laundry room with built-ins, & beautiful hardwood floors.

Situated 35 minutes from Asheville, 15 minutes to downtown Marion, and only 10 minutes from Old Fort. Convenient to I-40 and Lake James with easy access via paved roads. The property is bordered by Jake Creek and features mature trees, abundant wildlife and mountain views from the top.

BALSAM MOUNTAIN PRESERVE

1674 preserve road | $3.85 M | MLS 3831546

Laura Browne Livaudais | 828-712-5445

This striking contemporary home will allow the most sophisticated of buyers to feel they have found their masterpiece. While it blends beautifully with the land, it will be the home's exquisite elements that will prompt you to cherish this genuine Work of Art.

BILTMORE FOREST

8 Busbee Road | $1.465 M | MLS 3869656

Laura Browne Livaudais | 828-712-5445

Stately. Grand. Refined. Private. A flawless Biltmore Forest Estate.

BILTMORE FOREST

LAKE JAMES LUXURY ESTATE

6521 Lake James Road | $1.28 M | MLS 3839021

Alosky Stark | 828-329-3552

Privately gated estate overlooking the pristine waters of Lake James. This home captures the ideal balance of luxury and comfort with 100-year-old original barn doors, a floor-to-ceiling stone fireplace, and 20-foot vaulted ceilings. Enjoy sunrises over the lake from the front porch and mountain views from the screened-in back porch.

SOUTHCLIFF

72 Wonderland Ridge Lane #612 | $2.28 M |

3864945

Klimchuk | 828-777-3152

Stunning home with incredible mountain views located in sought after Southcliff! Only 15 minutes to downtown Asheville and 4 miles to the Blue Ridge Parkway.

Properties

2.15

400 Ray Hill Road

M

Casual elegance with Southern Charm! Unique opportunity, the possibilities are endless, family compound, a venue with lodging, corporate retreat, a wellness center-the list goes on and on.

Ellen Browne McGuire 828-551-7027

Laura Browne Livaudais 821-712-5445

9999 Major Mountain Road

Developer opportunity to own gated Black Mountain platted subdivision with 125 lots. Some of the most unbelievable views that Western North Carolina has to offer with gentle topography ready for building.

Miriam McKinney 828-777-7924

34 & 22 Redmond Drive $775,000

Rapid growth area just off of Airport Road. 2 adjacent parcels sold together comprised of 2.15 acres.

Miriam McKinney 828-777-7924 S tacey Klimchuk 828-777-3152

400 RAY HILL ROAD

BROWNE

GRACE

A Carolina native, she has traveled the world. When working as an International Business Development Executive, she facilitated the creation of luxury spaces for prestigious world-class clients. Speaking of her clients, her time spent with the Ritz Carlton instilled Anna Grace with their world renowned Gold Standard of the finest personal service - by creating a unique and unforgettable experience for each person - which she successfully achieves at Christie’s International Real Estate. Avail yourself of Anna Grace’s exceptional real estate skills to thoroughly enjoy a first-class real estate experience.

An Asheville native, Ellen brings hyper-local expertise coupled with the world’s most trusted luxury real estate brand to effectively market your home. Her success in the residential real estate industry can be attributed to her 22 years in education. “Patient” “incredibly organized,” “pro-active thinker,” and “creative” are all adjectives Ellen’s clients have used to describe her. A warm personality is why her clients quickly become friends. Ellen and her husband, Joe, live and play in North Asheville. You may see Ellen walking her dog Lucy around the rose garden or on her way to workout at the Grove Park Inn. When she’s not with clients, she enjoys visiting her two adult children and spending time in our region’s gorgeous outdoor playground.

HUNTER

in Charge

LAURA BROWNE LIVAUDAIS

Broker

Jonathan is a true native Ashevillian. His hyperlocal real estate insights may be attributed to his deep roots - countless generations deep - a boon both to you and to your real estate goals. His professional credentials incorporate both an active North Carolina Certified Real Estate Appraiser’s license (a priceless advantage in your favor) along with his NC Realtor’s Broker-in-Charge license. His top real estate expertise, coupled with his appraisal skill mastery, have been recognized and applauded not only by the industry but also by his clients - and proven by his record setting multi-millions in closed transactions. Reward yourself today and enjoy the advantage of his approachable style highlighted by his unforgettable concierge level of service.

Laura Browne Livaudais is a respected real estate marketing professional in Western North Carolina. Her unique marketing strategy is the culmination of deep, generational knowledge of the distinctive neighborhoods that comprise the greater Asheville area, 20+ years as a top-producing broker and specialized trainings including, CRS, GRI, and as a Christie's Certified Luxury Specialist. Her expertise and the power of the 250-year trusted Christie's brand, combined with in-depth marketing plans to unrivaled channels, and special events, you can be confident that your home is receiving the maximum exposure to the largest cross-section of qualified buyers, whatever the price point may be. Laura’s cool confidence, keen negotiating abilities, listening and problem-solving skills are the reason her clients repeatedly turn to her to handle their real estate brokerage needs.

HENADY

Rachel@IJBProperties.com

Rachel is a multimillion-dollar top producing real estate professional who has lived in North Carolina for over 20 years. She is known for her high standards of professionalism and dedication to client satisfaction. Originally from New England, she found her way to North Carolina to play college field hockey at Catawba College. After graduating from nursing school at Western Carolina University, she found her way to Asheville and knew she had found her home. Rachel has an extensive market knowledge of the Asheville and Lake James areas, and she spends her free time with her husband Brad and their rescue pup Winston at their home on the lake. Rachel loves running, hiking, mountain biking, paddle boarding and Lagree Pilates and is always up for new adventures. Her experience as a Registered Nurse taught her to always listen and put the needs of others first. Rachel has a compassionate and caring nature and although her first love was healthcare; her true passion is real estate.

Sharon’s strengths (over the course of a nearly three decade long real estate career) may be duly credited to her deep-rooted ability to establish and nurture genuine relationships. She has successfully cultivated a solid regional referral business working with buyers and sellers from around the country. Having a sterling 16 years of her own independent brokerage practice, her depth and breadth of brokerage skills are incomparable. She joined Ivester Jackson Blackstream I Christie’s International Real Estate because she views the Christie’s brand as the “Best of the Best” - a win for each and every one of her clientele. In addition to her North Carolina license, Sharon also remains licensed in Indiana. Her professional memberships include: National Association of Realtors (NAR), the Carolina Multiple Listing Service (MLS), and the Hendersonville Board of Realtors. As for her accolades, she has earned the esteemed GRI designation, as well as the CRS designation. Further, she holds a Luxury Homes Certification from the NAR.

ASHEVILLE

IVESTER JACKSON BLACKSTREAM 828-367-9001 18 S Pack Square Asheville, NC 28801 IvesterJacksonBlackStream.com

CHARLOTTE

IVESTER JACKSON 704-817-9826

1515 Mockingbird Lane, Suite 900 Charlotte, NC 28209

NORTH SHORE

IVESTER JACKSON 980-435-5169

350 Morrison Plantation Pkwy, Suite C1 Mooresville, NC 28117

IJBProperties.com

LAKE NORMAN

IVESTER JACKSON 704-655-0586

21025 Catawba Ave, Suite 101 Cornelius, NC 28031

WILMINGTON

IVESTER JACKSON COASTAL 910-300-5140 527 Causeway Drive Wrightsville Beach, NC 28480