Henderson County Market Stats Feb 2013

February 21, 2013

The Henderson County real estate market is seeing steady improvement in their median home prices, days on market and list price vs final sales price.Overall, the Henderson County real estate market is seeing improvements from previous years. Total homes sold in 2012 were up a whopping 31% over 2011’s figures (989 in 2011 vs 1355 in 2012). The amount of days a home was on the market before it sold went down 23% (from 226 in 2011 to 179 in 2012).

Search the MLS to find your next Henderson County home for saleMedian home prices closed out the year at $160,000, down from the $173,000 we saw in December 2011. However, the average median home price for the entire year was exactly the same as the previous year ($168,000). January 2013 closed out the month with a median sales price of $170,000.

The ratio of initial asking price to final sales price for a Henderson County home has been steadily increasing over the last few years. In 2011, sellers were getting 92% of list price. In 2012, they were getting 93%. Last month, the average final sale price was 94% of the initial listing price. Experts predict that prices will start to increase even more throughout 2013 as demand for housing increases. So, we expect these numbers to get even better. That’s great news if you’re planning on selling your Henderson County home soon.

The Henderson County real estate market is experiencing a steady increase. We may not be seeing the astronomical rise we saw in the mid-2000’s, but it is definitely headed in a positive direction. It’s a great time to purchase a home because interest rates remain amazingly low. It’s also a great time to sell your Henderson County home. Sellers are finalizing sales closer to the initial list price than they have in several years and the median prices are going up. When you’re ready to either buy or sell your Henderson County home, please contact me.

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35 Mountain Lake Dr, Hendersonville, NC - Click here to take a virtual tour of this great Hendersonville home for sale

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Rich Cooke, your Western North Carolina real estate specialist

Originally posted on my Western North Carolina real estate blog here: http://rich-cooke.com/2013/02/21/henderson-county-real-estate-market-feb-2013/.

Western North Carolina Real Estate - Whether you're interested in buying or selling your Hendersonville/Asheville area home, consider using the services of Rich Cooke, John Knapp and Jan Knapp for your Western North Carolina real estate needs.

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