Maggie Valley (Haywood County), NC - Market Report - May 2008
June 2nd, 2008 Categories: Maggie Valley Market Reports
Maggie Valley, NC recorded 7 residential real estate sales in May 2008 as of 06/01, and the average number of days it took to sell the 7 homes was 174. The number of homes on the market in Maggie Valley as of this morning (June 2) is 282.
Absorption Rate.
Selling 7 homes per month with 282 on the market as of 06/02 equates to an absorption rate (i.e., inventory) in Maggie Valley of approximately 40 months, which is an increase from last month. More homes have gone on the market (April 30 there were 259 homes on the market in Maggie Valley; today there are 282 Maggie Valley homes on the market), and too few are being sold to reduce our inventory.
Price Reductions.
The most expensive home sold in May in Maggie Valley was SOLD for $425,000; the least expensive home sold was sold for $143,000. The average price reduction/discount was 8.7% off of the asking/listing price.
Source: MLS. Data deemed reliable but, not guaranteed.
See the Haywood County, NC Market Report.
See my Maggie Valley, NC Archive of Market Reports.
Search the Haywood County, NC MLS.
Broker/Realtor