Home to the Grove Park Inn and Biltmore Estate, Asheville, NC has earned a reputation as a desirable place in which to make your home and purchase real estate. But, is this a good time for buyers to get a bargain in Asheville real estate? That depends on how you define " bargain."
For Asheville's real estate buyers that could include location, resale value, proximity to schools and colleges, financial opportunities, energy efficient features...the list goes on according to your priorities.
The Grove Park and North Asheville Location. As I mentioned in an earlier post about Grove Park, if you would like to enjoy city sidewalks, historic homes, convenience to downtown Asheville and the medical and cultural amenities, as well as gorgeous homes with beautiful renovations, the Grove Park and North Asheville neighborhoods of Beaverdam and Lakeview Park are a "bargain." According to Trulia.com, currently you can expect a +1.3% increase in home prices in North Asheville's Grove Park neighborhood.. Average price range: $400K+/- to $1M+/-.
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Value in Asheville's Grove Park & North Asheville Area.
Financial and Resale. Research has shown that a home's market value increases by $20 for every dollar decrease in utility bills, so the "bargain" for buyers may be that a particular Asheville home offers energy saving appliances, water savings, and daylighting...a home on the GREENSIDE....
Grove Park, North Asheville and Surrounding Asheville Real Estate Market "Bargains" - Going beyond possible financial opportunities due to foreclosure and/or short sale, your definition of "bargain" may include that green-friendly "value-added" factor such as:
Energy Star windows, Energy saving daylighting. Energy Efficient Appliances, ow-flow toilets and low flow faucets, Low-flow showerheads, Low-VOC paints, caulks, sealants and finishes, "Green" carpet and/or hardwood floors, Woodstove, Passive solar gain, Good tree shade in the summer, and overall Sustainability.
Many of the homes in North Asheville Grove Park Neighborhoods have been updated with GREEN-friendly features. North Asheville seems to attract buyers who seek quality of life- not only for the home they choose, but in education for their children and proximity to nature. North Asheville is within a few minutedrive of the Blue Ridge Parkway, golf courses, and downtown Asheville.
HOMES SOLD NORTH ASHEVILLE NEIGHBORHOODS
September and October, 2010
MO/YR CLOSED AV. $$$ SOLD AV. SF AV. PRICE/SF AV. DOM
SEPT 8 $403,000 2,528 $160 62
OCT 4 $473,000 2,860 $165 106
*NOTE: Sold prices are within +/- 10% of the asking price.
Average Days on the Market : 84
Homes for Sale- Current Homes For Sale on Kimberly Avenue
in the Grove Park Neighborhood in Asheville Approximate Price Range: $400K to $1.4M
Kimberly Avenue Homes for Sale as of 11/2010: 20
There is one Bank Owned Home in the Grove Park area.
It is a very attractive 1917 Brick 1.5 story, 4 bdrm/2 bath home.
MORE ON GROVE PARK
http://localism.com/nc/asheville/grove_park
http://activerain.com/blogsview/1957882/asheville-real-estate-grove-park-neighborhood-report
Mortgage originators offer an array of home loans. Various calculators assist in determining which loan is best suited to each client. And just as people and their homes differ- the contract terms, financing options, inspection requirements and closing costs- so do investment and financial matters.
Tell me WHAT IS MOST IMPORTANT TO YOU
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