The Ramble Biltmore Forest - 2024 Real Estate Trends & Recap.

(90 Brookline Drive.  Listed and sold by Mills Coin & Co. Real Estate Group and Clary McCall in 2021)

2022 - 2024 Home Sales Trends in The Ramble: A Comprehensive Overview

The Ramble continues to be one of Asheville’s most desirable neighborhoods, and the yearly market trends provide insight into the area’s dynamic real estate landscape. Below is a detailed breakdown of key data points with corresponding graphs.

1. Average Price Per Foot (PPF)

• 2024: $605 (11% increase from 2023)

• 2023: $545

• 2022: $552

• Takeaway: A steady upward trend in price per square foot highlights the increasing value of homes in The Ramble, reflecting strong demand and market appreciation.

2. Average Days on Market (DOM)

• 2024: 144 days

• 2023: 89 days

• 2022: 55 days

• Takeaway: While homes are taking longer to sell compared to previous years, the extended DOM could indicate more balanced market conditions or a shift in buyer behavior.

3. Average Sale Price (SP)

• 2024: $2,773,131 (8% increase from 2023)

• 2023: $2,566,357

• 2022: $2,422,402

• Takeaway: The rise in average sale price demonstrates the resilience of the luxury market in The Ramble, with continued demand for high-end properties.

4. Total Sales Price

• 2024: $47,143,225

• 2023: $43,628,070

• 2022: $50,870,450

• Takeaway: Although 2022 saw the highest total sales volume, 2024 marked a rebound, showcasing robust market activity despite fluctuations in unit sales.

5. List-to-Sale Ratio (L/S)

• 2024: 94.97%

• 2023: 93.16%

• 2022: 98.44%

• Takeaway: Sellers are achieving close to their asking prices, reflecting sustained confidence in the market and pricing accuracy.

6. Total Units Sold

• 2024: 17 units

• 2023: 17 units

• 2022: 21 units

• Takeaway: The total number of homes sold remains steady in recent years, with 2022 seeing a slightly higher level of activity.

The Ramble remains one of Asheville’s premier neighborhoods, with steady growth in home prices and a resilient luxury market. While homes are spending more time on the market, strong sales prices and consistent list-to-sale ratios indicate a healthy, balanced market.

Key Insights for Buyers and Sellers:

• Buyers: Take advantage of the balanced market to explore available inventory in this highly desirable neighborhood.

• Sellers: Continued price growth and high list-to-sale ratios make this an excellent time to list your home.

For more personalized advice on buying or selling in The Ramble, contact The Mills Coin & Co. Real Estate Group today!