Henderson County housing prices have risen nearly 30% in one year

MAGNIFICENT DAY. IT IS. THIS IS, GABBY. THE AVERAGE PRICE OF A SINGLE-FAMILY HOME WITH A PENDING SALE RIGHT NOW IN HENDERSON COUNTY IS JUST ABOUT ONE HUNDRED $40,000. THIS IS INSPIRED BY AND EVEN AROUND BUNCOMBE COUNTY PRICES IN HENDERSON COUNTY. HOMES SELL MONTHS BEFORE THEY ARE EVEN BUILT. YEAH, PEOPLE ALL THE TIME. YOU KNOW, WE PROBABLY HAVE ONE OR TWO PEOPLE A WEEK WHO QUESTION AND ASK WHAT WE ARE DOING AND ASK IF WE HAVE LAND FOR SALE OR HOUSES FOR SALE. AND YOU COME MONTHS IN ADVANCE. AND ALTHOUGH INTEREST RATES FOR 30-YEAR FIXED MORTGAGES ARE EXCEEDED BY 7%, HOUSING PRICES ARE STILL LOCKED IN. REAL ESTATE AGENT. PRETTY KATHURIA SAYS OVER THE PAST JUST YEAR, THE AVERAGE PRICE FOR A SINGLE FAMILY SELLS JUST OVER $472,000. WE CERTAINLY HAVE SEEN A LOT OF PRICE INCREASES. SO HERE AT HENDERSON YOU KNOW IT WAS A HOUSE WAS ON THE MARKET FOR A TIME OR WHY WE HAVE APPROXIMATELY 1.7 MONTHS OF INVENTORY ESSENTIALLY MEANS THAT IN 1.7 MONTHS WE WILL MAKE HOUSES FOR SALE. SO WHEN YOU HAVE LOW INVENTORY, PRICES TEND TO GO UP, WHICH MEANS I

Henderson County real estate market pushes average home price to $472,000

In Henderson County, homes are selling before the concrete is poured, as prospective owners explore and buy without seeing them.

In Henderson County, homes are selling before the concrete is poured, as prospective homeowners scour the spots and shop, unseen. “Yeah, people are approaching all the time,” said builder Michael Casoria. “We probably get one or two people a week asking what we’re doing and asking if we’re going to sell or sell houses. They’ll come months in advance.” Although according to Forbes, 30-year fixed mortgage interest rates have reached 7%, so housing prices are anything but nailed down. Jolie Casoria, a Henderson County real estate agent, said last year that the average price of a single-family home sells for more than $472,000. “We’ve definitely seen a lot of price increases,” she said. “So here in Henderson County, a house could sit on the market for a while. Well, right now we have about 1.7 months of inventory, which means in 1.7 months, we were running out of homes for And so when you have low inventory, prices tend to go up.”Low inventory and high demand make it difficult for buyers like Valerie Coy. She said she encountered countless obstacles in finding a home as she left Texas. After one of her many offers was finally accepted, she said a lengthy inspection report came back on the house. “Foundation, mold, well, septic, there was a lot of it,” she said. “There was lots and lots to do, and they absolutely refused to do any work or reduce the price. We’re not in the market to move into a house and then do six months’ worth of repairs. “According to Realtor.com, the average price of single-family homes in Henderson County has increased nearly 30% over the past year. Casoria thought the rate could continue to rise. “I think prices are going to stay relatively stable,” she continued. “They may go down a bit, but it’s a very desirable area. “If we’ve learned anything from the last two years, it’s that people don’t really want to be tight-knit in the city anymore, they want to move to a place where they can have a little more space, a little more ground.”

In Henderson County, homes are selling before the concrete is poured, as prospective homeowners scour the spots and shop, unseen.

“Yeah, people are approaching all the time,” said builder Michael Casoria. “We probably get one or two people a week who come in, ask what we’re doing and ask if we’re going to sell or houses for sale. They’ll come months in advance.”

Although, according to Forbes, 30-year fixed mortgage interest rates have fallen to 7%, housing prices are therefore anything but stuck.

Jolie Casoria, a Henderson County real estate agent, said last year that the average price for a single-family home was selling for just over $472,000.

“We’ve definitely seen a lot of price increases,” she said. “So here in Henderson County, a house could sit on the market for a while. Well, right now we have about 1.7 months of inventory, which means in 1.7 months, we were running out of houses to sell, and so when you have low inventory, prices tend to go up.

Low inventory and high demand make it difficult for buyers like Valérie Coy. She said she encountered countless obstacles in finding a home as she left Texas. After one of her many offers was finally accepted, she said a lengthy inspection report came back on the house.

“Foundation, mold, well, septic, there was a lot of it,” she said. “There was lots and lots to do, and they absolutely refused to do any work or reduce the price. We’re not in the market to move into a house and then do six months’ worth of repairs. “

According to Realtor.com, the average price of single-family homes in Henderson County has increased nearly 30% over the past year. Casoria thought the rate could continue to rise.

“I think prices are going to stay relatively stable,” she continued. “They may go down a bit, but it’s a very desirable area. “If we’ve learned anything from the last two years, it’s that people don’t really want to be tight-knit in the city anymore, they want to move to a place where they can have a little more space, a little more ground.”

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