Patton Property Group

Please note that figures are given as examples only, are approximate and should not be relied upon. Please remember that most of the comparisons and the headlines in this area are comparing to 2007 - a bumper year! This fact is often not mentioned.

1. Inventory Vs Median Listing Price

Inventory vs median listing price in Asheville/Black Mountain Click Here

Inventory vs median listing price in Asheville/Hendersonville Click Here

Inventory vs median listing price in Asheville/Weaverville Click Here

2. Sales Trends from the MLS for all areas covered in Western North Carolina

• Document to download showing detailed breakdown of all price categories:
2008 Year to current month available Click Here

3. Overview report across the Western North Carolina MLS region

The following table shows the Trends 2007 - 2008 in % change in units sold for Single Family, Condos, Townhomes and Pre-construction homes. This data is pulled from all the counties on the WNC MLS - please be aware that some areas act differently. Western North Carolina consists of diverse gerography and size of towns, and many counties. You can look at the full statistics across price ranges by downloading the tables available at (2) above.

• Activity drops off sharply at the $600,000 ceiling
• Homes over $800,000 are selling in very small numbers, averaging 1 or 2 per month across all of Western North Carolina.
• Mortgage rates are still historically low, and buyers have a wide choice of homes from which to choose. Sellers are becoming more realistic with prices and sometimes offering bonuses, such as condo fees paid, buyer's closing costs paid and selling agent bonuses.