Bucking The Real Estate Trend-Waynesville and Maggie Valley Real Estate

What is the March residential real estate market doing in Haywood County, NC?

Haywood County’s residential real estate market so far this month is in winter hibernation in the sales department, but it is early in the month. (Read below what has gone into escrow this month!) Inventory of homes on the market is creeping up – - Maggie Valley has seen a slight increase in the number of homes on the market in the past 25 days (10), and Waynesville’s homes for sale inventory has increased by 17 during the same time period. Overall, there are 992 homes listed in all of Haywood County, up from the lowest number during the past 25 days of 966 (as of 03/11/08).

Maggie Valley.

There are 238 homes on the market this morning in Maggie Valley. The average listing price is $378,571, and the median price is $319,900, with an average DOM of 203.

Waynesville.

Waynesville has 469 homes on the market this morning. The average listing price is $380,969, the median price is $289,000, with an average DOM of 188.

Homes in escrow.

There are 5 homes that have gone into escrow so far in March. What I find very interesting (and what inspired this post) is the listing prices of these homes… the highest listing price in the March escrowed homes (to date) is $179,900. The lowest listing price of this group is $135,000.

What do you think this means?

This entry was posted on Tuesday, March 11th, 2008 at 2:13 am and is filed under Haywood County Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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