2009

Annual
Report
January–December

Prepared exclusively
for use by
Beverly-Hanks
& Associates
 Your source for
the most up-to-date
real estate information

A personal message
from Owner & President
Neal Hanks, Jr.

A
s we begin a new year, we are pleased to
provide you with our annual market report and
analysis of Western North Carolina real estate
sales during 2009. Prior year statistics provide valuable
data and detail on what occurred in the market during the past twelve months. In order to fully understand
the impact of “the great recession” on area real estate sales, it is also important to analyze monthly data
compared to prior year and multiple years of year end statistics. Trend analysis helps forecast the direction
in which we are now headed. For these reasons, this report contains more data than we have published in
the past, including 7 years of year end data broken down by property type. Much of the data presented is
for the region as a whole. In the event you would like for us to assist you in analyzing a specific market or
market segment, please do not hesitate to contact us.
The good news, as the chart on the next page clearly illustrates, is that it appears that our local market
has in fact reached the bottom of a downward slide that lasted almost two and a half years. Unit sales
began to surpass those of 2008 in midsummer and unit closings followed suit shortly thereafter. The
trend continued through the fall and winter and, as this report goes to press, most folks in our industry
are reporting significantly improved levels of buyer interest. Many consumers appear to now recognize
that historically low interest rates and an oversupply of inventory in many market segments has created
a buyer’s market which we have not witnessed in decades. The improving economy has given many of
these consumers the confidence to take advantage of such an opportunity. This positive momentum in
both the economy and the housing market gives us reason for enthusiasm in the year ahead. 2010 should
be one of continued improvement for Western North Carolina real estate sales.
While the real estate market is improved it may be a little early yet to proclaim we are “out of the woods”
so to speak. Inventory levels remain high even considering increasing demand. It will take a while longer
to reach the balanced level of supply and demand necessary to reduce the pressure upon housing prices.
But remember, we are now headed in the right direction!
We hope that you find the data contained within this report useful. Whether buying or selling in today’s
real estate market, the counsel of seasoned professionals can pay big dividends. Our professional Broker
Associates stand ready to assist you and would consider it a privilege to do so.

Warm Regards

W. Neal Hanks, Jr.
 Annual Market Report

2009 Snapshot
2008 vs. 2009 Unit Sold Comparison
Closed Residential Sales

600 600

500 500
Units SOLD
Sold

400 400
Units Sold

2008 2008
300 300
UNITS

2009 2009
200 200

100 100

0 0

cv
lye
bn

gly

putg

c
r

cpt t
arb

rr

naey

vt
ayp
AMpa

NOoc

DNeo
n

JJuun

De
FeJa

MFe

AJuu

Se
MA
Ja

SeA
JuM

Percentage of Closed
Residential Sales by Price
0.4%
$1,000,000+
4.8%
$500,000 - $999,999

16%
$300,000 - $499,999

78%
Up to $299,999
JANUARY – DECEMBER

Number of Homes Sold

COUNTY 2009 2008 % change

Buncombe 2,225 2,500 –11%

Haywood 510 550 –7%
Henderson 1,040 1,213 –14%
Madison 87 114 –24%
2009 Totals

Polk 107 108 +2%

Rutherford 170 174 –2%
Transylvania 241 283 –15%

*TOTAL 4,595 5,170 –11%

Average Home Selling Price

COUNTY 2009 2008 % change

Buncombe $262,368 $280,644 –7%

Haywood $203,426 $220,105 –8%
Henderson $214,291 $232,540 –8%
Madison $238,777 $236,665 +1%
2009 Totals

Polk $187,188 $283,075 –34%

Rutherford $201,936 $222,133 –9%
Transylvania $298,064 $305,186 –2%

*AVERAGE $238,943 $257,985 –7%

NOTE: Information as reported by the North Carolina Mountains Multiple Listing Service. The North Carolina Mountains Multiple Listing Service
does not guarantee or is in any way responsible for its accuracy. Data maintained by the Multiple Listing Service may not reflect all real
estate activity in the market. These figures are based upon actual closed transactions as reported through the above mentioned service.
* These totals and averages include all sales reported through the North Carolina Mountains Multiple Listing Service.
 Annual Market Report

Housing Supply vs. Demand

Western North Carolina Region
YTD YTD 12/31/2009
Units Monthly Absorption
Active
Sold Average Rate**
Units
PRICE RANGE JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Units Sold

$0–$74,999 22 21 19 22 25 26 25 34 25 22 23 25 289 24.1 166 6.9

$75,000–$149,999 42 61 87 89 79 103 112 127 110 130 93 94 1,127 93.9 1,129 12
$150,000–$199,999 46 55 88 66 73 95 123 97 94 108 84 87 1,016 84.7 1,226 14.5
$200,000–$249,999 37 38 53 53 71 62 78 70 71 65 68 58 724 60.3 1,067 17.7
$250,000–$299,999 15 25 27 27 25 51 53 41 41 36 40 56 437 36.4 983 27
$300,000–$349,999 13 11 22 14 23 33 26 29 23 29 19 23 265 22.1 548 24.8
$350,000–$399,999 10 14 19 11 18 25 20 20 27 28 19 17 229 19.1 582 30.6
$400,000–$449,999 10 12 9 8 9 16 17 9 23 22 11 5 151 12.6 312 24.8
$450,000–$499,999 7 8 9 6 6 7 11 4 6 9 8 8 90 7.5 333 44.4
$500,000–$549,999 3 5 3 4 8 5 4 7 7 4 3 5 58 4.8 174 36.2
$550,000–$599,999 2 3 2 1 3 7 3 2 2 2 4 5 36 3 237 79
$600,000–$699,000 3.7 232 62.7

2009 Totals
2 5 6 1 3 5 3 2 6 2 6 3 44
$700,000–$799,000 1 3 0 3 0 4 6 1 4 5 5 3 34 2.8 160 57.1
$800,000–$899,999 2 1 3 3 1 1 6 2 4 2 2 4 31 2.6 122 46.9
$900,000–$999,999 1 2 1 1 3 1 0 1 1 2 1 2 16 1.3 124 95.4
$1 Million–$1.9 Million 3 0 3 4 2 1 6 3 5 4 4 9 44 3.7 376 101.6
$2 Million–$2.9 Million 1 0 0 0 0 0 0 0 0 1 0 2 4 0.3 74 246.7
$3 Million–$4.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32 unknown
$5 Million Plus 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7 unknown
TOTALS 217 264 352 313 349 442 493 449 449 471 390 406 4,595 382.9 7,884 20.6

Buncombe County
YTD YTD 12/31/2009
Units Monthly Absorption
Active
Sold Average Rate**
Units
PRICE RANGE JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Units Sold

$0–$74,999 4 4 3 5 9 9 5 7 8 5 8 8 75 6.2 38 6.1

$75,000–$149,999 13 20 34 30 30 48 53 57 46 51 44 36 462 38.5 393 10.2
$150,000–$199,999 21 32 49 30 37 52 66 49 56 51 47 49 539 44.9 450 10
$200,000–$249,999 20 27 34 25 28 23 33 24 35 29 42 29 349 29.1 401 13.8
$250,000–$299,999 7 14 14 17 11 23 24 24 20 18 22 26 228 19 317 16.7
$300,000–$349,999 6 5 11 7 13 20 17 16 7 17 13 10 142 11.8 189 16
$350,000–$399,999 6 7 13 7 8 12 11 6 14 19 10 9 122 10.2 199 19.5
$400,000–$449,999 6 7 6 5 6 10 12 7 16 14 8 2 99 8.2 140 17.1
$450,000–$499,999 3 3 6 4 4 5 4 2 3 4 5 5 48 4 107 26.7
$500,000–$549,999 1 3 1 3 5 5 2 7 4 3 1 3 38 3.2 72 22.5
$550,000–$599,999 1 2 2 1 2 2 1 2 1 0 3 3 20 1.7 72 42.3
2009 Totals

$600,000–$699,000 2 3 5 1 1 3 1 1 3 1 2 2 25 2.1 71 33.8

$700,000–$799,000 1 3 0 1 0 3 5 0 2 3 5 3 25 2.1 66 31.4
$800,000–$899,999 2 1 2 2 0 1 4 0 2 2 2 4 22 1.8 47 26.1
$900,000–$999,999 1 2 1 1 2 1 0 0 1 1 0 1 11 0.9 57 63.3
$1 Million–$1.9 Million 2 0 3 4 1 1 2 1 4 2 0 5 25 2.1 183 87.1
$2 Million–$2.9 Million 1 0 0 0 0 0 0 0 0 0 0 2 3 0.3 25 83.3
$3 Million–$4.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14 unknown
$5 Million Plus 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 unknown
TOTALS 97 133 184 143 157 218 240 203 222 220 212 196 2,225 185.4 2,843 15.3

NOTE: Information as reported by the North Carolina Mountains Multiple Listing Service. The North Carolina Mountains Multiple Listing Service does not
guarantee or is in any way responsible for its accuracy. Data maintained by the Multiple Listing Service may not reflect all real estate activity in the
market. These figures are based upon actual closed transactions as reported through the above mentioned service.
** Absorption Rate: The “projected” months it will take to absorb all of the listings in a particular price range.
 Annual Market Report

Housing Supply vs. Demand

Henderson County
YTD YTD 12/31/2009
Units Monthly Absorption
Active
Sold Average Rate**
Units
PRICE RANGE JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Units Sold

$0–$74,999 2 6 1 5 3 6 1 8 2 4 5 9 52 4.3 26 6
$75,000–$149,999 12 22 19 31 23 28 29 28 36 35 19 23 305 25.4 237 9.3
$150,000–$199,999 15 11 20 20 24 23 23 23 20 26 19 11 235 19.6 255 13
$200,000–$249,999 6 3 7 14 17 22 21 20 18 18 14 12 182 15.2 262 17.2
$250,000–$299,999 3 6 9 8 7 13 8 8 6 8 7 14 97 8.1 209 25.8
$300,000–$349,999 3 3 3 5 5 6 6 4 6 3 2 5 51 4.2 114 27.1
$350,000–$399,999 0 4 3 3 4 5 6 4 7 5 6 2 49 4.1 111 27.1
$400,000–$449,999 1 2 2 2 1 5 3 0 2 4 2 1 25 2.1 55 26.2
$450,000–$499,999 2 2 0 2 1 1 4 1 1 1 2 3 20 1.7 55 32.3
$500,000–$549,999 1 2 0 0 1 0 1 0 1 1 1 1 9 0.7 27 38.6
$550,000–$599,999 0 0 0 0 1 1 0 0 0 3 0 1 6 0.5 45 90
2009 Totals

$600,000–$699,000 0 2 0 0 1 2 1 0 2 0 2 0 10 0.8 48 60
$700,000–$799,000 0 0 0 1 0 1 0 0 0 0 0 0 2 0.2 21 105
$800,000–$899,999 0 0 0 0 0 0 1 1 0 0 0 0 2 0.2 25 125
$900,000–$999,999 0 0 0 0 0 0 0 1 0 1 1 0 3 0.3 10 33.3
$1 Million–$1.9 Million 1 0 0 0 0 0 0 1 0 1 0 0 3 0.3 40 133.3
$2 Million–$2.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 unknown
$3 Million–$4.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 unknown
$5 Million Plus 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 unknown
TOTALS 46 63 64 91 88 113 104 99 101 109 80 82 1,040 86.7 1,552 17.9

Haywood County
YTD YTD 12/31/2009
Units Monthly Absorption
Active
Sold Average Rate**
Units
PRICE RANGE JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Units Sold

$0–$74,999 5 1 6 4 5 5 5 7 4 4 3 3 52 4.3 24 5.6

$75,000–$149,999 9 7 12 8 11 11 18 15 11 25 16 16 159 13.2 200 15.3
$150,000–$199,999 4 7 5 5 3 8 13 12 4 9 8 9 87 7.2 193 26.8
$200,000–$249,999 5 2 3 6 15 8 10 10 7 5 7 5 83 6.9 136 19.7
$250,000–$299,999 3 1 1 1 4 3 7 7 7 5 7 8 54 4.5 183 40.7
$300,000–$349,999 1 1 3 1 1 2 1 4 4 2 0 2 22 1.8 82 45.6
$350,000–$399,999 4 2 0 0 2 2 1 5 2 1 1 0 20 1.7 81 47.6
$400,000–$449,999 1 2 0 0 2 0 0 0 3 2 0 0 10 0.8 36 45
$450,000–$499,999 2 2 2 0 0 0 0 0 0 2 0 0 8 0.7 46 65.7
$500,000–$549,999 0 0 1 0 0 0 0 0 1 0 1 1 4 0.3 30 100
$550,000–$599,999 1 0 0 0 0 0 0 0 1 0 0 1 3 0.2 26 130
2009 Totals

$600,000–$699,000 0 0 0 0 0 0 1 0 0 0 0 1 2 0.2 26 130

$700,000–$799,000 0 0 0 0 0 0 1 0 0 1 0 0 2 0.2 18 90
$800,000–$899,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11 unknown
$900,000–$999,999 0 0 0 0 1 0 0 0 0 0 0 0 1 0.1 15 150
$1 Million–$1.9 Million 0 0 0 0 1 0 2 0 0 0 0 0 3 0.2 27 135
$2 Million–$2.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 unknown
$3 Million–$4.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 unknown
$5 Million Plus 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 n/a
TOTALS 35 25 33 25 45 39 59 60 44 56 43 46 510 42.5 1,140 26.8

NOTE: Information as reported by the North Carolina Mountains Multiple Listing Service. The North Carolina Mountains Multiple Listing Service does not
guarantee or is in any way responsible for its accuracy. Data maintained by the Multiple Listing Service may not reflect all real estate activity in the
market. These figures are based upon actual closed transactions as reported through the above mentioned service.
** Absorption Rate: The “projected” months it will take to absorb all of the listings in a particular price range.
 Rutherford County
YTD YTD 12/31/2009
Units Monthly Absorption
Active
Sold Average Rate**
Units
PRICE RANGE JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Units Sold

$0–$74,999 3 2 2 2 5 1 0 2 3 2 3 1 26 2.2 30 13.6

$75,000–$149,999 1 4 6 7 3 5 6 8 1 3 4 5 53 4.4 58 13.2
$150,000–$199,999 3 3 2 2 0 1 5 6 2 1 1 3 29 2.4 67 27.9
$200,000–$249,999 0 0 3 1 2 3 3 3 1 2 2 2 22 1.8 60 33.3
$250,000–$299,999 0 1 0 0 1 2 2 1 1 0 0 2 10 0.8 61 76.2
$300,000–$349,999 2 0 2 1 0 1 0 2 2 0 0 1 12 1 34 34
$350,000–$399,999 0 0 1 0 1 1 0 2 1 0 0 2 8 0.7 36 51.4
$400,000–$449,999 0 0 0 0 0 0 0 1 0 2 0 0 3 0.2 14 70
$450,000–$499,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27 unknown
$500,000–$549,999 0 0 0 1 1 0 1 0 0 0 0 0 3 0.2 8 40
$550,000–$599,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21 unknown
$600,000–$699,000 0 12 unknown

2009 Totals
0 0 0 0 0 0 0 0 0 0 0 0 0
$700,000–$799,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10 unknown
$800,000–$899,999 0 0 0 0 1 0 0 0 0 0 0 0 1 0.1 6 60
$900,000–$999,999 0 0 0 0 0 0 0 0 0 0 0 1 1 0.1 5 50
$1 Million–$1.9 Million 0 0 0 0 0 0 1 0 0 1 0 0 2 0.2 13 65
$2 Million–$2.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 unknown
$3 Million–$4.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 unknown
$5 Million Plus 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 unknown
TOTALS 9 10 16 14 14 14 18 25 11 11 10 17 170 14.2 468 33

Polk County
YTD YTD 12/31/2009
Units Monthly Absorption
Active
Sold Average Rate**
Units
PRICE RANGE JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Units Sold

$0–$74,999 0 1 2 0 0 1 3 1 3 3 0 2 16 1.3 5 3.8

$75,000–$149,999 0 5 4 1 1 3 1 2 3 3 1 2 26 2.2 26 11.8
$150,000–$199,999 0 1 3 4 0 5 4 2 3 3 2 3 27 2.2 43 19.5
$200,000–$249,999 1 0 1 1 1 0 3 1 0 2 1 0 11 0.9 28 31.1
$250,000–$299,999 1 0 1 1 0 2 3 0 1 1 0 0 10 0.8 29 36.2
$300,000–$349,999 0 0 0 0 2 1 0 1 0 2 0 1 7 0.6 14 23.3
$350,000–$399,999 0 0 0 0 0 1 0 0 0 0 0 0 1 0.1 31 310
$400,000–$449,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12 unknown
$450,000–$499,999 0 0 0 0 0 0 1 0 0 0 0 0 1 0.1 7 70
$500,000–$549,999 0 0 0 0 1 0 0 0 0 0 0 0 1 0.1 3 30
$550,000–$599,999 0 0 0 0 0 0 1 0 0 0 0 0 1 0.1 12 120
2009 Totals

$600,000–$699,000 0 0 0 0 0 0 0 0 0 0 1 0 1 0.1 11 unknown

$700,000–$799,000 0 0 0 0 0 0 0 0 0 1 0 0 1 0.1 7 70
$800,000–$899,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 unknown
$900,000–$999,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11 unknown
$1 Million–$1.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 23 unknown
$2 Million–$2.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10 unknown
$3 Million–$4.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 unknown
$5 Million Plus 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 unknown
TOTALS 2 7 11 7 5 13 16 8 10 15 5 8 107 8.9 277 31.1

NOTE: Information as reported by the North Carolina Mountains Multiple Listing Service. The North Carolina Mountains Multiple Listing Service does not
guarantee or is in any way responsible for its accuracy. Data maintained by the Multiple Listing Service may not reflect all real estate activity in the
market. These figures are based upon actual closed transactions as reported through the above mentioned service.
** Absorption Rate: The “projected” months it will take to absorb all of the listings in a particular price range.
 Annual Market Report

Housing Supply vs. Demand

Transylvania County
YTD YTD 12/31/2009
Units Monthly Absorption
Active
Sold Average Rate**
Units
PRICE RANGE JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Units Sold

$0–$74,999 0 2 0 1 0 1 1 3 0 0 1 1 10 0.8 13 16.2

$75,000–$149,999 3 0 4 5 2 3 1 9 3 8 3 6 47 3.9 84 21.5
$150,000–$199,999 2 1 3 2 5 2 4 4 3 6 5 7 40 3.3 98 29.7
$200,000–$249,999 2 4 1 4 4 3 6 2 4 3 1 6 40 3.3 69 20.9
$250,000–$299,999 2 1 2 0 1 6 4 0 4 2 4 2 28 2.3 68 29.6
$300,000–$349,999 1 1 0 1 2 2 2 1 3 3 0 2 18 1.5 45 30
$350,000–$399,999 0 1 1 0 0 3 1 2 2 2 2 2 16 1.3 46 35.4
$400,000–$449,999 0 1 0 1 0 1 0 1 1 0 0 2 7 0.6 18 30
$450,000–$499,999 0 1 0 0 0 1 0 1 1 1 0 0 5 0.4 27 67.5
$500,000–$549,999 1 0 1 0 0 0 0 0 1 0 0 0 3 0.2 15 75
$550,000–$599,999 0 1 0 0 0 3 1 0 0 0 1 0 6 0.5 29 58
$600,000–$699,000 0.3 29 96.7
2009 Totals

0 0 0 0 0 0 0 1 1 1 1 0 4
$700,000–$799,000 0 0 0 0 0 0 0 1 2 0 0 0 3 0.2 19 95
$800,000–$899,999 0 0 0 1 0 0 0 0 2 0 0 0 3 0.2 12 60
$900,000–$999,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18 unknown
$1 Million–$1.9 Million 0 0 0 0 0 0 0 0 1 0 4 1 6 0.5 40 80
$2 Million–$2.9 Million 0 0 0 0 0 0 0 0 0 1 0 0 1 0.1 14 140
$3 Million–$4.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 unknown
$5 Million Plus 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 unknown
TOTALS 11 13 12 15 14 25 20 25 28 27 22 29 241 20.1 651 32.3

Madison County
YTD YTD 12/31/2009
Units Monthly Absorption
Active
Sold Average Rate**
Units
PRICE RANGE JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Units Sold

$0–$74,999 2 0 1 1 0 0 1 0 0 2 0 0 6 0.5 4 2
$75,000–$149,999 0 1 3 1 3 1 2 1 2 1 1 3 17 1.4 32 22.9
$150,000–$199,999 1 0 3 0 2 0 2 0 1 5 1 3 16 1.3 34 26.1
$200,000–$249,999 0 1 1 0 1 3 1 4 2 1 0 3 17 1.4 30 21.4
$250,000–$299,999 0 1 0 0 0 0 3 0 1 1 0 3 9 0.7 37 52.9
$300,000–$349,999 0 0 0 0 2 0 0 2 1 1 3 2 11 0.9 27 30
$350,000–$399,999 0 0 1 0 0 0 0 1 0 0 0 1 3 0.3 21 70
$400,000–$449,999 0 0 0 0 0 0 1 0 0 0 0 0 1 0.1 12 120
$450,000–$499,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 24 unknown
$500,000–$549,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8 unknown
$550,000–$599,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18 unknown
2009 Totals

$600,000–$699,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10 unknown
$700,000–$799,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8 unknown
$800,000–$899,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 unknown
$900,000–$999,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 unknown
$1 Million–$1.9 Million 0 0 0 0 0 0 1 0 0 0 0 2 3 0.2 14 70
$2 Million–$2.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 unknown
$3 Million–$4.9 Million 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 unknown
$5 Million Plus 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 n/a
TOTALS 3 3 9 2 8 4 11 7 7 11 5 17 87 7.2 288 40

NOTE: Information as reported by the North Carolina Mountains Multiple Listing Service. The North Carolina Mountains Multiple Listing Service does not
guarantee or is in any way responsible for its accuracy. Data maintained by the Multiple Listing Service may not reflect all real estate activity in the
market. These figures are based upon actual closed transactions as reported through the above mentioned service.
** Absorption Rate: The “projected” months it will take to absorb all of the listings in a particular price range.
 Annual Market Report

Residential Vacant Lots

with Restrictions from 0 to 3
Closed Lot/Land Sales
January–December, 2009
TRANSYL–
BUNCOMBE HAYWOOD HENDERSON MADISON POLK RUTHERFORD NCMtnsMLS
PRICE VANIA
RANGE
2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008

$0–$100,000 105 145 60 80 73 85 20 25 5 19 45 47 44 74 364 504

$100,000–$200,000 51 30 5 17 18 32 1 2 0 2 2 6 3 8 55 101

$200,000–$300,000 15 27 0 9 3 18 0 2 1 1 0 0 1 0 19 50

$300,000–$400,000 7 4 0 0 0 0 0 0 1 0 0 0 0 0 7 16

$400,000–$500,000 2 4 0 0 0 0 0 0 0 0 1 0 0 0 2 6
2009 Totals

$500,000–$750,000 2 3 0 0 0 0 0 0 0 0 0 0 0 0 2 4

$750,000–$1,000,000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1

$1 Million+ 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 2

TOTALS 147 215 65 106 96 135 21 29 7 22 48 53 48 82 449 684

Percentage Change –32% –39% –29% –28% –68% –9% –41% –34%

Residential Active Lot/Land Inventory 0–3 Acres

As of 1/5/10
RUTHER-
PRICE RANGE BUNCOMBE HAYWOOD HENDERSON MADISON POLK TRANSYLVANIA NCMtnsMLS
FORD

$0–$100,000 766 799 543 174 137 467 464 3,615

$100,000–$200,000 318 333 271 32 14 106 156 1,294

$200,000–$300,000 130 61 58 15 12 30 53 376

$300,000–$400,000 72 15 15 1 6 26 18 155

$400,000–$500,000 34 2 4 1 0 6 11 52

$500,000–$750,000 46 0 4 2 1 5 14 75
2009 Totals

$7500,000–$1,000,000 12 0 0 0 0 3 2 17

$1 Million+ 8 0 0 0 0 4 5 17

TOTALS 1,386 1,210 895 225 170 647 723 5,601

Totals as of 1/13/09 1,560 1,209 952 245 146 858 703 6,273

Percentage Change –11.2% +0.1% –6% –8.2% +16.4% –24.6% +2.8% –10.7%

NOTE: Information as reported by the North Carolina Mountains Multiple Listing Service. The North Carolina Mountains Multiple Listing Service does
not guarantee or is in any way responsible for its accuracy. Data maintained by the Multiple Listing Service may not reflect all real estate activity
in the market. These figures are based upon actual closed transactions as reported through the above mentioned service.
 Annual Market Report

Housing Trends
NUMBER OF % CHANGE FROM AVERAGE
YEAR % CHANGE
UNITS CLOSED PREVIOUS YEAR SALES PRICE
Residential

2009 4,599 –11 238,877 –8

2008 5,170 –32 259,481 –7
All

2007 7,562 –14 278,086 6

2006 8,779 3 262,774 9
2005 8,531 22 241,165 17
2004 6,971 6 206,660 13
2003 6,562 14 182,484 4

NUMBER OF % CHANGE FROM AVERAGE

YEAR % CHANGE HIGHEST SALE
UNITS CLOSED PREVIOUS YEAR SALES PRICE
Residential
$1M Plus

2009 44 –4 1,406,307 3 2,900,000

2008 46 –57 1,363,779 –4 2,650,000
2007 106 8 1,413,302 –0.1 2,900,000
2006 98 17 1,424,240 0.2 3,350,000
2005 84 121 1,420,951 5 4,500,000
2004 38 100 1,503,440 10 5,650,000
2003 19 start 1,366,730 start 2,100,000

NUMBER OF % CHANGE FROM AVERAGE

Condominiums

YEAR % CHANGE
UNITS CLOSED PREVIOUS YEAR SALES PRICE
2009 208 –13 217,379 16
2008 516 –18 186,678 –6
2007 632 –3 199,370 2
2006 650 –7 195,063 6
2005 702 42 184,719 10
2004 495 –13 167,173 17
2003 570 19 143,012 6

NUMBER OF % CHANGE FROM AVERAGE

YEAR % CHANGE
UNITS CLOSED PREVIOUS YEAR SALES PRICE
Townhomes

2009 208 –14 238,729 –15

2008 241 –45 281,292 –3
2007 438 1 289,242 15
2006 436 12 251,378 20
2005 388 95 209,095 16
2004 199 78 180,183 12
2003 112 38 160,783 9

NUMBER OF % CHANGE FROM AVERAGE

YEAR % CHANGE
UNITS CLOSED PREVIOUS YEAR SALES PRICE
Land Sales
>20 Acre

2009 37 –27.4 662,965 18.4

2008 51 –65.8 559,691 –44.8
2007 149 –32 1,014,580 59.8
2006 216 17.4 634,908 7.7
2005 184 71.9 589,640 49
2004 107 64.6 395,601 17.6
2003 65 start 336,341 start

NOTE: Information as reported by the North Carolina Mountains Multiple Listing Service. The North Carolina Mountains Multiple Listing Service does not
guarantee or is in any way responsible for its accuracy. Data maintained by the Multiple Listing Service may not reflect all real estate activity in the
market. These figures are based upon actual closed transactions as reported through the above mentioned service.
Sold Properties
2009 Total Properties Sold
by the Top 5 WNC Real Estate Firms
Property Types: residential, improved and unimproved

$478,084,594
Closed Sales Volume

$292,905,408

$77,612,186 $72,246,024
$64,093,104
Keller
Williams ReMax
Professionals Prudential Mountain Preferred
Asheville Lifestyles Realty Properties

NOTE: Information as reported by the North Carolina Mountains Multiple Listing Service. The North Carolina Mountains Multiple Listing Service does
not guarantee or is in any way responsible for its accuracy. Data maintained by the Multiple Listing Service may not reflect all real estate activity
in the market. These figures are based upon actual closed transactions as reported through the above mentioned service.
300 Executive Park
Asheville, NC 28801

4th Quarter 2009

Market Report

www.beverly-hanks.com