The River Condos of Asheville

     The mountains of Western North Carolina are always beautiful and a great place to be, which is why each of you has decided to own a little piece of this beauty, but the month of October is when our mountains reveal there true colors in all their slendor.  Our fall peak leaf season usually falls the second and third weeks in October and is a sight to behold.  We hope if you can steal some time away from your busy lives to make a trip to Asheville, the developers of The River Condos would like to invite all unit owners and their agents to a cocktail party with hors d’ouvres  and festivities in our riverside park Thursday, October 18th from 5:00p.m. - 7:00 p.m.  Each of you will receive an invitation in the mail with a request to RSVP so we can give our caterers a head count.  Hope to see you soon by the river here in beautiful Ashevile, NC! Victoria

The quarterly House Price Index (HPI) for Q2 of 2007 has just been release and delivers good news for Asheville real estate owners. Those looking to buy real estate in Asheville may want to lock in a contract before prices continue to climb! The Asheville Citizen-Times had this to say about the recent report:

“The Asheville area ranked 10th among metropolitan areas across the country in home appreciation over the 12 months that ended June 30, even though the rate of increase slowed during the second quarter, a federal agency says.

Asheville’s House Price Index rose 1.2 percent during the second quarter of 2007 and was up 10.9 percent over 12 months, the Office of Federal Housing Enterprise Oversight says. The national rate of increase was only 0.1 percent for the quarter and 3.2 percent for the 12 months.

Appreciation in the Asheville area — Buncombe, Haywood, Henderson and Madison counties — was 3.2 percent in the first quarter of the year.

The index is based on an examination of repeat sales or refinancing of homes and does not include those with mortgages greater than $417,000.”