Property transfers Buncombe, Asheville for Oct. 3-7

Ibuyhomeslogo square v2The following transfers were filed in the Register of Deeds office Oct. 3-7.

Arden

Lot 3 Brae Burn, $282,000, Roger A. and Jane A. Wallace to Jamie N. and Nicholas D. Van Dyke

Asheville

32 Bideford Row (Lot 66 Devonshire Subdivision phase 7), $620,000, Laura S. Claiborne Richard to The Alexander Family Trust

83 Keasler Road (Lot 1, 1.278 acres), $285,000, Harold L. (a. k. a.) Howard L. and Mae M. Deel to Nery Galia Jeritski

Lot 1 Pinebrook Terrace, $238,500, Margaret McLean Bissell to Michael Patrick Hamel, Sarah Colleen Coury

407 Old Stone Gate Place (Lot 6 Reynolds Mountain Development phase 1), $985,000, Elliott N. and Valerie C. Exar to Bob and Sally Gremillion

114 Pebble Creek Road (Unit K-5 Pebble Creek Condominiums phase 8), $116,500, Terri Lynn Hornsby, Victor C. Garlock to Colleen K. Karen E. C. Cody

84 Saint Dunstans Road (Lot 2), $450,000, Donald R. and Ayako (a. k. a. Ayako Kega) Wilson to Eric William and Shawna Dee Hanson

Lot 32 Witchwood Acres, $109,000, Beverly A. Bell to Danielle T. Sheridan Bell (a. k. a. Sheridan-Bell)

17 Jeff Drive Unit 8B (Amber Sunset), $250,000, Aized Real Estate LLC to Jonathan Martin and Ricca Bartlett Ray

195 Edgewood Road (Lot 5), $427,500, Roger and Laurie R. Moser to Howard S. and Barbara A. Fiedler

38 Eastview Ave. (0.26 acre), $193,000, Adam H. and Katherine (f. k. a. Apt) Bannasch to Ryan Wade and Jamie Zane Brazell

Lot 1 building 37 Hawthorne phase 1, $137,000, January W. McSwain, Michelle and Scott Niemi to James L. and Susan C. Crowder

Avery’s Creek

Lot 52 section 1 of the Village At Avery’s Creek, $233,000, Mark R. and Sherri H. LaFever to Harold E. and Helga U. Zeltner

305 Piney Mountain Drive (Unit Q-1 Pine Cliff Condominiums), $205,000, Margaret E. Jones to Kandie Coggin and Frederick James Sparger III

Buncombe County

Lot 14 High Valley Estates, $53,000, Christina M. and James H. Carter Jr. to Boyd Robert Mintz

Lot 5 Country Subdivision phase VI, $135,000, Roland P. and Madeleine Joan Chabot to Christopher H. and Sarah D. Booher

Lot 19 Oakland Forest, $200,000, JXF Investments LLC to Benjamin David Swann, Katherine Swann, Elizabeth N. Swann

248 Saint Johns St. (Lot 2 block G Mountain View section 2), $189,500, Raymond L. and Renee L. Cagle to Derek and Kristina Olson

Unit 5 Sunset Park, $521,000, Glenn and Angela Cullen to Robert and Carla Fennelly

Lot 92-A Pinebrook Farms, $534,000, Pinebrook Farms LLC to Steven and Virginia Mannina

10 N. Delano Road, $185,000, Cedar Brook Properties LLC to 521 S. Front St. LLC

Lot 64 block C Riverview, $60,000, Dry Ridge Investments LLC to DeBord Enterprises LLC

Lot 77 of the Cliffs at Walnut Cove phase 1 (1.562 acres), $645,000, Urbana Cliffs RE LLC to Folkestone LLC

82 Woodcreek Circle (Lot 35 Cherry Blossom Cove phase 2A), $220,000, Robert L. and Michelle C. Colangelo to Ember Patrice Latrella

15 Pine Acre Blvd. (Lots 144-145 block H Lakeview Park), $890,000, Donald K. and Elizabeth R. Bagwell to Matthew Loos

75 Lakewood Drive (Lot 122 block B Kenilworth), $380,000, Vanessa Cram and John Homer Byrd III to Prospero Properties II LLC

181 Bear Creek Road (Lot 10 block G Malvern Hills), $390,000, Evan L. and Kelly R. Sluder to Christopher B. and Jessica T. O’Neill

48 Asher Lane (Lot 24 of the Cottages at Glenn Oaks, 0.23 acre), $282,000, R & D Ledbridge LLC to Randall Corbin and Stephanie Clouser

Lot 9 Lakeside Meadows, $240,500, Windsor Built Homes Inc. to Karen L. and Richard B. Southard

301 Theron Court, $292,500, Robert Adam and Ashlee Rainwater to George Robert and Jennifer Rainwater

Unit 92-B Pinebrook Farms, $510,500, Pinebrook Farms LLC to Richard J. and Susan Powers Spoering

96 Oakley Road (Lot 3), $249,000, Natasha X. Kush to Francois and Julie H. Gros

Unit B6 Longchamps Condominiums, $450,000, The Sharon G. Watson Revocable Trust to Janice Garrett McArthur

206 Forest Hill Drive (Lot 32 block D Kenilworth), $290,000, Frances C. and Jeffrey L. Norman to Brook Trail Properties LLC

Fairview

21 Clifford Drive, $242,000, Edward C. and Brenda W. Pagan to Mary Ace and Edward Rey Baggot, David L. and Cecilia Baggott

135 Laurel Haven Road (2 tracts), $30,000, JPMorgan Chase Bank NA to Sandra Messer

French Broad

2 Twin Drive (Lot 7) $31,500, Randy M. Rice to Carolyn Rice

Limestone

Lot 4 section 1 High Valley Forest, $242,500, Judith A. Adams, Nancy Christine Westfall to Amy and Joseph Stertz Jr.

Swannanoa

Lot 16 Bee Tree Village Subdivision, $232,500, Estate of Lydia W. Ledford to Martha H. Moore

Upper Hominy

Lot 16 Challedon Estates, $62,000, The Greg Glance and Elizabeth P. Glance Living Trusts to Pavlo Heyko

Weaverville

103 Alaron Drive (Lot 7 Hamburg Place), $500,000, Terry L. and Katherine S. Poling to Richard H. B. and Marcy B. Woodrow

Lot 25 Chickwood Knoll, $229,000, Christopher T. and Alesia Michelle Gudger Whitfield to Robert D. and Kimberly M. Buchanan

Compiled by Citizen-Times News Correspondent Bonnie Black

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Home shortage skyrockets Asheville, Buncombe prices

With no new supply in sight, persistent low inventory means buying a house will become only more expensive.

Here are a few of the realities confronting homebuyers in Asheville and Buncombe County:

About the only housing-market category record that won’t be set this year is the lowest-ever inventory for houses priced at $1 million or higher.

Local homeowners looking to stay in the area and purchase a bigger place are better off building additions or renovating the houses where they live now – or move to a neighboring county.

Even if they sell their current residences at a profit, that money likely won’t be enough to find nearby homes with more space in their price ranges.

To put it simply, the number of houses available to buy continues to drop and “that’s driving prices up,” said Neal Hanks, president and principal owner at Beverly-Hanks & Associates Realtors in Asheville.

“That’s the big story,” Hanks said.

Despite mammoth demand that for months has spurred bidding wars for houses with asking prices up to $800,000, builders have not responded with large-scale new-home construction.

When housing inventory exceeds six months, home prices generally drop, said Mike Figura, owner and broker of Community Lifestyle Mosaic Realty in Asheville. When inventory tumbles below six months, prices generally rise.

Asheville inventory levels stood under six months at all price ranges below $700,000 as of the beginning of this month, according to Figura’s data. The figures ranged ranged from 0.46 months for homes that cost $100,000 or less and 5.39 months for homes that cost between $600,001 and $700,000.

All homes in Buncombe County, excluding Asheville, priced up to $400,000 as of Oct. 1, showed inventory levels below six months. Totals ranged from 1.84 months for those between $150,001 and $200,000 to 5.38 months for those between $300,001 and $350,000, Figura’s data showed.

“(Builders) aren’t willing to take on speculative construction because it’s a risk,” Hanks said.

Many spec builders went out of business, or watched colleagues go out of business, because of the Great Recession.

“That still stings,” Hanks said.

But Don Davies said spec construction might be the only way to avoid high home prices persisting into 2017.

The founder of Realsearch, an Asheville company that analyzes real estate trends, said ongoing low inventory could stall the local real estate market.

“We’ll be floating around those prices next year,” Davies said.

Land sales of 2- and 3-acre lots that have been on the rise could be an indication that people are looking at spec building, he said.

But if that doesn’t manifest, Hanks said it could be a result of builders knowing that the real estate market is cyclical.

The industry has been healthy for about four years now, he said.

“It can take four to seven months to build a house,” Hanks said. “A lot can change in the economy during that time. People are wondering whether we’re at the end of this cycle.”

That being the case, median days on the market for available houses have plummeted by 60 percent in Asheville and Buncombe County, said Steve Heiselman, a broker for Town and Mountain Realty in Asheville.

Median days on the market in Asheville dropped to 21 during this year’s third quarter from 53 during the third quarter of last year, Heiselman said.

For the same year-over-year comparison in Buncombe County, median days on the market plunged to 25 from 61, Heiselman said.

Davies said home-buying in Buncombe has become “like a frenzy.”

To those looking for their first house with a $200,000 budget, he said, “If you find one at that price in decent shape, you have to buy it that day, literally. You don’t have time to sit around and think about it or you’ll lose it.”

Asheville and Buncombe County’s steady march into an ever stronger sellers’ market is not new.

But some statistics within that phenomenon still may surprise local real estate professionals.

For example, Asheville’s median home sale price of $284,700 during the third quarter leapt 5.2 percent higher than the second quarter median price of 269,900.

“That’s a significant jump over three months,” Figura said.

Figura and Hanks offered different strategies for local homeowners who want more space.

Putting an addition onto an owner’s current house is a way to stay in Asheville and Buncombe County, Figura said.

Hanks, however, pointed out that the median selling price during the third quarter for a house in Haywood County was about $70,000 lower than one in Buncombe County.

“It’s not that far away and the quality of life is similar,” Hanks said. “People have shown all around the country that they’re willing to drive 25 to 30 minutes to get where they want to go.”

BY THE NUMBERS

Some records set in the Asheville and Buncombe County housing markets during the third quarter of

  • Highest home sale median price in Asheville: $284,700.
  • Highest home sale median price in Buncombe County, excluding Asheville: $252,000.
  • Lowest average days on the market for homes in Asheville: 55 days.
  • Highest average asking price of all 1,413 homes in Buncombe County, including Asheville, as of Oct. 6: $600,889.
  • Highest average selling price of all homes in Buncombe County, including Asheville, during the first three quarters of this year: $309,497.
  • Highest average selling price of all homes in Buncombe County, including Asheville, sold during the last 12 months: $306,167
  • Highest median selling price of all homes in Buncombe County, including Asheville, during the first three quarters of this year: $252,250

Sources: Don Davies, founder of Asheville-based Realsearch; Mike Figura, owner and broker of Community Lifestyle Mosaic Realty in Asheville

via http://www.citizen-times.com/story/news/local/2016/10/14/not-enough-houses-equals-skyrocketing-asheville-and-buncombe-county-home-prices/92045348/

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Sometimes Realty prices are affected by violence…

Just after 9 a.m. Saturday,  deputies arrived at a home on Ledford & Craine Road in Marshall and discovered a 2010 Toyota Corolla with no license plates, according to Michael Garrison of the Madison County Sheriff’s Office.

As deputies examined the car, James Michael Norton walked toward them from a home across the road.

During that conversation, Asheville police officers notified Madison County deputies that the Corolla was registered to Christina Louise Kessinger, Garrison said.

Kessinger was found Friday afternoon in a trash bin at 56 Central Ave. in Asheville with a screwdriver in her skull, according to warrants.

Norton, 29, was later arrested by Asheville police on charges of first-degree murder and robbery with a dangerous weapon in the death of the 62-year-old woman.

On Monday, he appeared before a Buncombe County district court judge where he was assigned a public defender and continues to be held without bond in the jail.

He was released from prison one year ago, on Feb. 15, 2015, for larceny of a motor vehicle and altering a serial number, after serving a sentence of at least 10 months.

Norton’s criminal history is peppered with felony convictions across several counties, including larceny over $1,000 and credit card theft in Buncombe County, breaking and entering in Madison County and drug possession in Henderson County, records with the Department of Corrections records show.

On Monday, Asheville police spokeswoman Christina Hallingse said in an email that the agency is declining to release 911 recordings related to the homicide, saying they are part of an ongoing investigation.

Several evidence markers are located near a blue DumpsterHowever, North Carolina law is “crystal clear” on the matter, according to Amanda Martin, general counsel for the North Carolina Press Association. The recordings or transcripts are public records, and local law enforcement has a history of releasing these to the media.

Later Monday, Hallingse wrote in an email that the police would release 911 records.

It is unclear why Kessinger, a real estate agent with Asheville Realty Group, was at the office building. When contacted by the Citizen-Times, a man who works there said he discovered Kessinger as he was taking out trash.

The man, who asked to not be named, said he opened the bin to find blood and the woman inside, moaning. He said he ran back into the building to get a phone and call 911, and said he returned to the dumpster with a coworker. Officials soon arrived, but the woman fell silent, said the man.

“We told her help was on the way,” he said.

Norton was charged with first-degree murder and robbery with a dangerous weapon late Saturday night.

After obtaining a search warrant for the Ledford & Craine Road site, Asheville police investigators processed the scene around the vehicle and transported it to a forensic bay in Asheville for further analysis. Investigators also took other items from inside the residence and brought in Norton for questioning, according to Madison County law officers.

via http://www.citizen-times.com/story/news/local//02/15/deputies-anonymous-call-leads-suspect/80405960/?from=global&sessionKey=&autologin=  Paul Eggers and Tonya Maxwell, paul@newsrecordandsentinel.com and tmaxwell@citizen-times.com 8:07 a.m. EST February 16, 2016

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