081512 plr wnc market trends report
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www.PrudentialLifestyleRealty.com
Real Estate Trends
June 30, 2012
$200,000
$220,000
$240,000
$260,000
$280,000
1st Qtr
2010
2nd Qtr
2010
3rd Qtr
2010
4th Qtr
2010
1st Qtr
2011
2nd Qtr
2011
3rd Qtr
2011
4th Qtr
2011
1st Qtr
2012
2nd Qtr
2012
Average Sales Price By Quarter
Western North Carolina Summary
$0-$99999$100000-
$199999
$200000-
$299999
$300000-
$399999
$400000-
$499999
$500000-
$599999
$600000-
$699999
$700000-
$799999
$800000-
$899999
$900000-
$999999>$1000000
Series1 148 185 198 215 257 273 340 402 409 484 326
0100200300400500
Average Days on Market by Price Range
Six Months Ending June 30, 2012
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Interest Rate 8.2 6.7 6.5 5.6 5.7 5.9 6.4 6.4 6 4.9 4.4 4.1 3.9
3.0
4.0
5.0
6.0
7.0
8.0
9.0Interest Rate
2nd Qtr 1st Qtr % 2nd Qtr %
2012 2012 Change 2011 Change
Average Sales Price $222,113 $220,653 0.66% $210,764 5.38%
Average Median Sales Price $175,900 $160,000 9.94% $174,000 1.09%
Number of Homes Sold 1,545 1,186 30.27% 1,293 19.49%
Average Days on Market 190 203 -6.40% 178 6.74%
Last List Price to Sell Price % 92.93% 91.92% 1.10% 92.42% 0.55%
Current Homes on Market 8,216 7,334 12.03% 8,994 -8.65%
0
250
500
750
1000
1250
1500
2009 2010 2011 2012
Number of Homes Sold
Buncombe
Henderson
Haywood
Polk
Transylvania
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
2009 2010 2011 2012
Average Sales Price
Buncombe
Henderson
Haywood
Polk
Transylvania
Sales Data by County
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
2009 2010 2011 2012
Cash Sales as a Percentage to Total Sales
Buncombe
Henderson
Haywood
Polk
Transylvania
0
50
100
150
200
250
300
2009 2010 2011 2012
Average Days on Market
Buncombe
Henderson
Haywood
Polk
Transylvania
Sales Data by County
0-90 91-180 181-270 271-365 >365
Last List to Sold % 95.53 93.17 94.27 93.48 91.24
Original List to Sold % 93.75 87.73 84.92 81.3 80.03
65
70
75
80
85
90
95
100
Perc
enta
ge
0-90 91-180 181-270 271-365 >365
Last List to Sold % 95.09 93.84 91.5 92.45 90.89
Original List to Sold % 92.82 88.2 83.47 80.15 75.01
65
70
75
80
85
90
95
100
Perc
enta
ge
0-90 91-180 181-270 271-365 >365
Last List to Sold % 94.77 92.04 92.14 92.23 90.48
Original List to Sold % 92.44 85.46 82.87 80.79 75.72
65
70
75
80
85
90
95
100
Perc
enta
ge
Original List Price & Last List Price as a Percentage of Selling Price
Represents the difference between the original list price to the sales price of the home compared to the last list price to the sales price expressed in percentages of the sales price and grouped by Days on Market. The longer a home is on the market, the chance is greater that the sale will return less money to the seller; therefore, pricing the home correctly becomes an important factor.
0-90 91-180 181-270 271-365 >365
Last List to Sold % 90.37 88.11 92.78 93.09 89.13
Original List to Sold % 87.71 77.25 82.42 83.72 72.75
65
70
75
80
85
90
95
Perc
enta
ge
0-90 91-180 181-270 271-365 >365
Last List to Sold % 95.46 89.4 89.63 91.31 90.98
Original List to Sold % 92.17 80.37 83.48 79.54 73.94
65
70
75
80
85
90
95
100
Perc
enta
ge
0-90 91-180 181-270 271-365 >365
Last List to Sold % 93.54 90.72 90.07 92 89.37
Original List to Sold % 89.87 81.19 79.47 82.24 73.08
65
70
75
80
85
90
95
100
Perc
enta
ge
Original List Price & Last List Price as a Percentage of Selling Price
Represents the difference between the original list price to the sales price of the home compared to the last list price to the sales price expressed in percentages of the sales price and grouped by Days on Market. The longer a home is on the market, the chance is greater that the sale will return less money to the seller; therefore, pricing the home correctly becomes an important factor.
$0-$99,999$100,000-
$199,999
$200,000-
$299,999
$300,000-
$399,999
$400,000-
$499,999
$500,000-
$599,999
$600,000-
$699,999
$700,000-
$799,999
$800,000-
$899,999
$900,000-
$999,999>$1,000,000
Avg DOM 132 151 167 185 234 244 311 405 245 647 349
0
100
200
300
400
500
600
700
Buncombe
$0-$99,999$100,000-
$199,999
$200,000-
$299,999
$300,000-
$399,999
$400,000-
$499,999
$500,000-
$599,999
$600,000-
$699,999
$700,000-
$799,999
$800,000-
$899,999
$900,000-
$999,999>$1,000,000
Avg DOM 163 188 176 207 298 179 287 0 543 245 333
0
100
200
300
400
500
600
Henderson
$0-$99,999$100,000-
$199,999
$200,000-
$299,999
$300,000-
$399,999
$400,000-
$499,999
$500,000-
$599,999
$600,000-
$699,999
$700,000-
$799,999
$800,000-
$899,999
$900,000-
$999,999>$1,000,000
Avg DOM 178 233 340 309 307 429 0 119 312 456 0
0
100
200
300
400
500
Haywood
Average Days on Market by Price Range by County-YTD 2012
$0-$99,999$100,000-
$199,999
$200,000-
$299,999
$300,000-
$399,999
$400,000-
$499,999
$500,000-
$599,999
$600,000-
$699,999
$700,000-
$799,999
$800,000-
$899,999
$900,000-
$999,999>$1,000,000
Avg DOM 186 358 149 280 275 106 0 0 592 21 0
0
100
200
300
400
500
600
Polk
$0-$99,999$100,000-
$199,999
$200,000-
$299,999
$300,000-
$399,999
$400,000-
$499,999
$500,000-
$599,999
$600,000-
$699,999
$700,000-
$799,999
$800,000-
$899,999
$900,000-
$999,999>$1,000,000
Avg DOM 140 200 303 411 190 553 792 337 0 712 378
0100200300400500600700800
Transylvania
Average Days on Market by Price Range by County-YTD 2012
0-$99,999$100,000-
$199,999
$200,000-
$299,999
$300,000-
$399,999
$400,000-
$499,999
$500,000-
$599,999
$600,000-
$699,999
$700,000-
$799,999
$800,000-
$899,999
$900,000-
$999,000>$1,000,000 Totals
1 Yr MSI 9.2 14.9 22.4 25.7 31.5 34.3 42.3 48.3 44.8 70.0 87.0 19.2
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Total Region
Months Supply of Homes by Price Based on Previous 12-Months Sales
0-$99,999$100,000-
$199,999
$200,000-
$299,999
$300,000-
$399,999
$400,000-
$499,999
$500,000-
$599,999
$600,000-
$699,999
$700,000-
$799,999
$800,000-
$899,999
$900,000-
$999,000>$1,000,000 Totals
1 Yr MSI 7.0 10.2 13.8 14.4 17.7 19.1 22.4 28.7 30.5 44.4 72.0 13.2
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Buncombe
0-$99,999$100,000-
$199,999
$200,000-
$299,999
$300,000-
$399,999
$400,000-
$499,999
$500,000-
$599,999
$600,000-
$699,999
$700,000-
$799,999
$800,000-
$899,999
$900,000-
$999,000>$1,000,000 Totals
1 Yr MSI 9.3 13.2 19.9 27.6 28.7 50.2 48.0 102.0 36.0 204.0 110.4 17.2
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
200.0
220.0
Henderson
Months supply of inventory is calculated by taking the average sales per month by price ranges for the last 12 months and dividing the result by the number of homes that are currently for sale .
0-$99,999$100,000-
$199,999
$200,000-
$299,999
$300,000-
$399,999
$400,000-
$499,999
$500,000-
$599,999
$600,000-
$699,999
$700,000-
$799,999
$800,000-
$899,999
$900,000-
$999,000>$1,000,000 Totals
1 Yr MSI 9.7 23.0 38.7 35.1 84.0 54.9 324.0 48.0 40.0 60.0 276.0 26.0
0.0
40.0
80.0
120.0
160.0
200.0
240.0
280.0
320.0
360.0
Haywood
Months Supply of Homes by Price Based on Previous 12-Month Sales
0-$99,999$100,000-
$199,999
$200,000-
$299,999
$300,000-
$399,999
$400,000-
$499,999
$500,000-
$599,999
$600,000-
$699,999
$700,000-
$799,999
$800,000-
$899,999
$900,000-
$999,000>$1,000,000 Totals
1 Yr MSI 7.4 24.0 43.1 79.5 30.0 34.0 0.0 0.0 20.0 24.0 72.0 30.6
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Polk
0-$99,999$100,000-
$199,999
$200,000-
$299,999
$300,000-
$399,999
$400,000-
$499,999
$500,000-
$599,999
$600,000-
$699,999
$700,000-
$799,999
$800,000-
$899,999
$900,000-
$999,000>$1,000,000 Totals
1 Yr MSI 12.2 15.8 33.5 44.6 41.3 78.9 67.2 112.0 102.0 96.0 70.9 27.9
0.0
10.020.0
30.0
40.0
50.060.0
70.0
80.0
90.0100.0
110.0
120.0
Transylvania
Months supply of inventory is calculated by taking the average sales per month by price ranges for the last 12 months and dividing the result by the number of homes that are currently for sale .
Asheville Downtown Office
7 Orchard Street, Suite 101 Asheville, NC 28801
828.254.7355
Hendersonville Office 130 S Main Street, Suite B Hendersonville, NC 28792
828.233.1150
Asheville South Office 84 Peachtree Road, Suite 200
Asheville, NC 28803 828.274.1091
Champion Hills Office 15 Club View Drive
Hendersonville, NC 28739 828.693.0072
In Foreclosure REO Properties
Buncombe 25 115
Henderson 11 57
Haywood 6 40
Polk 0 12
Transylvania 3 18
0102030405060708090
100110120
Foreclosures and REO Properties
Currently on Market by County
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