Real Estate Spotlight With Pete Anderson

ASHEVILLE MARKET INSIGHT

September saw a continued slowing of real estate in Western North Carolina. With new listings, pending sales and closed sales all falling off the year over year pace, our Asheville MSA inventory and months supply rose to hit numbers we haven't seen since the Spring of 2020. As you may recall, we had several weeks of what amounted to a real estate freeze in the Spring of 2020 due to the pandemic and we haven't had that much inventory until now. Another indicator that buyers are clawing back some negotiating power is the percent of original list price received statistic. It slipped to 94.5% in September. Interestingly, prices continue to move northward in our area as demand remains intact.

Keep in mind that there can be real estate trends on a national and regional level but when we really dive into it, it's best to analyze markets on a hyper-local basis. So while a stat like 94.5% of list price to received price is what we're seeing over our four county area, you may see something different from zip code to zip code, neighborhood to neighborhood or price point to price point. This is just one of the areas where an experienced advisor comes into play and can really give you an edge as a buyer or a seller.

I'll have more information on how Hurricane Helene has directly affected our market in next month's email. Please scroll down for ways to donate and help people in the Asheville area.

NOTABLE LISTINGS

Ottawa, ON

OFFERED AT

CA$1,444,099

Engel & Völkers Ottawa

Lunenburg, NS

OFFERED AT

CA$1,970,000

Engel & Völkers Halifax

Boulder, CO

OFFERED AT

$14,750,000 USD

Engel & Völkers Denver

EXPERIENCE EXPERT GUIDANCE WITH ENGEL & VÖLKERS

At Engel & Völkers, we're dedicated to providing best-in-class service and expertise. That's why we don’t offer appointments, which are simply meetings at a specific time and place, but rather, in-depth discussions with expert insights and personalized advice.

Contact me if you're interested in setting up a consultation to buy or sell your home.

ARE YOU ASKING THE RIGHT QUESTIONS?

Choosing the right real estate professional is crucial to making your homebuying journey smooth and successful...and Engel & Völkers is here to help.

When choosing a real estate advisor in today’s competitive market, it's crucial to know what to ask to find the best fit. Explore our guide to uncover the key questions that will help you make informed decisions and get the most value from your homebuying journey.

TRANSITION YOUR HOME DECOR FOR FALL

Now is the perfect time to start preparing your home for the cozy months ahead and the upcoming holiday season. Explore how to seamlessly shift your space with thoughtful tips like using neutral color palettes, layering textures, and embracing natural elements. From rich autumn hues to elegant winter accents, discover how to create a warm and inviting atmosphere that will impress both guests and potential homebuyers alike.

LOCAL SPOTLIGHT

Helene was an incredibly destructive and deadly storm. I know you've all seen pictures and video by now and many of you are here in Western North Carolina and you experienced heartbreaking loss firsthand.

I'm impressed by and thankful for the response and selflessness of locals and visitors alike and I do think we'll come out of this stronger. If you are so inclined, below are many options to give to local businesses and individuals. Some have avenues for monetary donations set up while some would benefit from having their services booked or products purchased. I can also tell you that, with winter coming, the need for warm clothing, propane heaters, tools and batteries, chainsaws and chain oil remain. If you'd like to put money towards any of those types of items or donate them please reach out to me directly.

Asheville Area Habitat For Humanity

BeLoved Asheville

Brother Wolf Animal Rescue

Mosaic Event Services

AVL Today's List