The Asheville Market is Booming: Could COVID-19 and the Environment be the Driving Factors?

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Every year, we honor Earth Day on April 22 as a way to recognize how our impact affects the planet we share. The very landscape of Asheville and the surrounding areas is shifting. The coronavirus pandemic, how we handle ourselves in a time of crisis, and the environment play a factor.

The truth is, Asheville has always been a safe place for environmental refugees. After Hurricane Katrina in 2005, Buncombe county records showed over 130 people had relocated from the Gulf Coast, with more still in the greater Western North Carolina area.

The path of climate migrants is now studied to understand better how climate change and the effects of natural disasters influence people’s migration across the US.

Asheville by The Numbers

According to U-Haul, North Carolina is the 9th fastest-growing state in the country. One-way trips were up 11% in 2020, even as COVID-19 raised significant concerns. Between 2010 and 2021, the population of Asheville increased 11.9% – from over 83,000 to over 93,000. Growth in the surrounding areas is high, especially with people moving from cities to rural areas like those in the southern Appalachian Mountains.

The Housing Market

Throughout the year, we also witnessed the house inventory reach an all-time low.  We saw a decrease in new listings and an increase in buyer interest.  As more people transitioned to work from home, many of whom will remain remote, homes in the areas surrounding Asheville have become more feasible. While Asheville has always had a luxury home market, homes in the middle range, generally between $300,000 and $600,000, are the hottest ticket right now.  Inventory is snapped up fast, often for more than the asking price within days.

Climate Activism and Earth Day

The migration of people seeking refuge from concerns about the environment or “pandemic” may be a factor in the increased population. Now more than ever, we need to remain diligent about our stewardship of the earth. Our connection to the planet is undeniable, and it’s our job to keep Mother Earth safe and healthy.

Our commitment to new buyers and sellers who stay in the area, is the gift of fruit or nut trees to plant literal roots in the area that protect the environment and yield a harvest. It’s a wonderful way to give back to our clients, the Earth itself, and the commUnity.

Call us today to learn more about buying or selling your home in Asheville.  The low inventory and high demand is driving prices up, so it’s a great time to consider selling..

Now is a great time to sell!  If you, or someone you know is considering selling your home or land, we would be happy to offer a complimentary consultation.  Call New Earth AVL Realty today.

How can I connect you to be of service? Call New Earth AVL Realty to learn more today. 

If buying a home, or selling your house in 2021 is your goal, call me today.

Many blessings,
Jason Martini
jmartini@kw.com
828-515-1771
NewEarthAVLRealty.com

PS. Who do you know that I can serve?… Who is choosing to buy, sell, or invest in real estate in AVL or Beyond? I Am grateful for your referrals! Your friends and family will thank you for connecting us!

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