Downtown Condo Market Update

60nmarketrenderingWhile many market segments continue to struggle with excessive inventory, the downtown condominium market has bucked the trend. There is no question the uniqueness and overall desirability of Asheville has buoyed sales pace and values.

There are currently 38 active units on the market right in downtown Asheville.  Overall, the market remained healthy this year, with 14 sales since January 1, 2011.  Average days on market for those sales was 169, and the average sale price was $334,286.

Looking for more information? Stop by the Asheville Real Estate Studio for a thorough analysis of the market.  Or join us September 22nd at 6PM for a glass of wine and a casual conversation about real estate in the central business district. Carla Baden of Santé Wine Bar will introduce us to a few of her favorites.