The Asheville Luxury Real Estate Market is on the Mend
(PRWEB) July 23, 2013 -- As some of the finest residences in Western North Carolina, the Grove Park Inn condominiums offer residents a refined and desirable lifestyle amidst the unparalleled beauty of the Blue Ridge Mountains. With unit prices starting at just over $1 million, The Fitzgerald was designed to embody luxurious resort living, with exceptional home design and craftsmanship, stunning mountain views, and access to Grove Park Inn amenities.
With an impressive record of 6 residences sold or under contract since May 1st of this year, The Fitzgerald is leading the rising demand for luxury real estate throughout the local region. According to Dan Whalen, Vice President of New Home Communities of Beverly-Hanks, “the number of properties selling for $1 Million or more is up 50% in Buncombe County over the last year.”
Research shows home sales have risen 21% compared to the first quarter of 2012, and months of inventory are down 19% while median home prices are up 4.8% in the first half of 2013 for the Asheville and greater WNC area. Effects of these trends include the further increase of home prices across the market which provides greater incentive for homeowners to sell and builders to build. These are healthy indications for the growth of Asheville and Buncombe County’s real estate industry. Neal Hanks, President of Beverly Hanks Associates adds, “It may appear premature to declare a housing boom and chronicle an uneven regional recovery, but vital signs indicate a major transition.”
Currently, there are just 2 three bedroom and 2 two bedroom condominiums at The Fitzgerald Asheville NC still available. Each residence boasts custom craftsmanship, open floor plans, gourmet kitchens, spa-like bathrooms, and private balconies with spectacular mountain views. Owners are have access to resort amenities and services at the nearby Grove Park Inn, which include golf course, fitness center, restaurants, tennis courts, and more. Realtors predict The Fitzgerald will soon reach sell-out as the demand for luxury real estate continues.
The Fitzgerald at Grove Park
The Fitzgerald at Grove Park is an intimate collection of two and three bedroom condominium residences conveniently situated just a short walk away from the prestigious Grove Park Inn in downtown Asheville. This optimal location offers resort-style living with an abundance of unique opportunities for world-class shopping, entertainment, recreation, and more.
This report was brought to you by Element 360, the Asheville marketing team behind The Fitzgerald internet marketing campaign. Element-360 uses a combination of research and tactical based strategies to support the growing sales. E360 specializes in search engine optimization, PPC campaign management, and technology integration for the goal of ensuring maximum lead generation.
Kathy Breedlove, The Fitzgerald, http://thefitzgeraldatgrovepark.com/index.html, 828.251.1140, [email protected]
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