Asheville, NC Real Estate Boom Continues

by Asheville Real Estate Network

Published on this site: December 23rd, 2005 - See more articles from this month

Asheville, North Carolina. The Asheville real estate boom continues. Numbers do not lie and housing appreciation rates for the past year as well as the past five years indicate that those looking to invest in the real estate market in North Carolina would be wise to consider Asheville as a strong potential investment location. According to House Price Index released on December 1, 2005 by the Office of Federal Housing Enterprise Oversight for the third quarter in 2005, Asheville, NC continues to make a strong showing.

The numbers in the past year as well as the past five years indicate that the real estate boom is continuing. Asheville is currently ranked 129 out of 265 metropolitan areas in their standings and posted an 8.38% change in housing prices over the past year as well as an astronomical gain of 41.35% over the past five years giving an apparent indication that the real estate boom in Asheville, North Carolina is continuing. The fourth quarter reports from 2004, 2003, 2002 and 2001 indicate annual housing price gains of 4.30%, 7.99%, 4.71% and 4.88% respectively lending further proof to the fact that the real estate boom is continuing in Asheville.

Asheville had a significant real estate boom almost a hundred years ago but in a true example of history repeating itself Asheville is experiencing a comparable boom in modern times. Some may even argue that the real estate boom never really declined and has instead simply maintained itself.

The reasons for the real estate boom may involve various factors but many say that a change in attitude might be the cause of the continuing real estate boom in Asheville. As more and more Americans are coming to realize that there is more to life than working in corporate America, they are flocking to towns like Asheville, North Carolina where they can experience a slower pace and a more easy going lifestyle. Once known as Eden Land for its majestic beauty, many are realizing that Asheville is one city that has managed to resist modernization, and it remains a true Garden of Eden. The downtown area is thriving, yet it still maintains its historic charm and is still surrounded by the glorious Blue Ridge Mountains that set Asheville apart from all other cities.

According to the http://www.realasheville.net Asheville Real Estate Network, with so much to offer, it is clear why Asheville, North Carolina continuously ranks high on lists of best places to live, work, vacation and retire. The multitude of available activities, friendly atmosphere and slower pace all contribute to why Asheville has become such a popular destination. It is precisely these reasons that contribute to Asheville's continuing real estate boom. The housing price index has showed a trend of steadily increasing housing prices over the past five years.

This fact, coupled with the appeal of the area and the national attention the area receives from polls ranking the livability of cities, indicates that the real estate boom is here to stay for the foreseeable future. With so many people wanting to enjoy the benefits of living in such an incredible city, the economy is growing, new construction is on the rise, and with all of that comes a real estate boom that can prove very profitable for those who wish to invest in a home in the Asheville, NC area.

Asheville Real Estate Network . Real Asheville People selling Asheville Real Property. Search for property, find homes, and get property appraised. We serve Western North Carolina 828-254-5767